Zarea Limited does not engage in any financing activities that would fall under the regulatory purview of the Non-Banking Finance Companies (NBFC) laws. The credit offered here is solely a sales credit arrangement, designed to facilitate trade by allowing short-term payment terms for the purchase of agricultural biomass commodities. This is a standard trade credit provided for sales purposes and does not constitute loan financing, credit facility, or any other form of regulated financial service.
Zarea Limited remains fully compliant with all applicable regulations and operates within the boundaries of trade credit provisions for commercial transactions only.
Eligibility Criteria for Credit Applications on Zarea
The "Apply for credit" feature allows buyers on Zarea to apply for a line of credit to facilitate their purchases. This helps buyers manage their cash flow and make larger purchases without immediate full payment.
Click here to view the Eligibility Criteria for Apply for Credit
To apply for credit, log into your Zarea account, navigate to the "Apply for credit" page, and complete the application form. You will need to provide financial details and supporting documents as requested.
Typically, you will need to submit a Company Incorporation Certificate, Tax Registration Certificate, 1 Year Bank Statement, Copy of Post Dated Cheque and Credit Request on Letterhead.
The approval process usually takes 72 hours.
