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Apply For Credit

Procure raw materials for your business at the right price with our working capital finance solution

Get Started Today

To apply for Zarea's Credit Program. Please submit an application by clicking the button below.

Apply for Credit Benefits

Cheaper procurement

Pay your suppliers upfront and get raw materials at the best rates

Improved working capital cycles

Manage your working capital better by solving cash flow issues

Digital and simplified process

Apply for credit line online with a few clicks.

Collateral-free line of credit

The unsecured working capital does not require land, property, BG or any other collateral

Interest as per usage

The interest rate would be charged only for the exact amount and duration of use

Grow revenue and profitability

Reduce your input cost and book more profits

Instant disbursement

Receive funds against submission of supplier invoices instantly

Revolving credit

60-120 days rotation cycle to meet working capital needs

Interest as per usage

The interest rate would be charged only for the exact amount and duration of use

Grow revenue and profitability

Reduce your input cost and book more profits

Instant disbursement

Receive funds against submission of supplier invoices instantly

Revolving credit

60-120 days rotation cycle to meet working capital needs

Eligibility & Required Documents

Eligibility Criteria
  1. Minimum turnover 3 crores
  2. Business vintage 3+ years
Required Documents
  1. Company Incorporation Certificate
  2. Tax Registration Certificate
  3. 1 Year Bank Statement
  4. Copy of Post Dated Cheque
  5. Credit Request on Letterhead.

How to Apply for Credit

Step-by-step online process to apply for financing

Check Eligibility

Check your loan eligibility

Submit Application

Complete a 100% online application form

Get Sanctioned

We will evaluate your application and propose a fair sanction

Receive Funds

Get disbursements within 2 days of sanction

Know about Apply for Credit

Purchasing Finance is the working capital financing solution provided to SMEs. Due to a lack of cash flow, SMEs are forced to buy raw materials at higher prices and tend to lose opportunities from reputable customers. In such situations, SMEs can consider purchase finance solution to bridge the working capital gap. It will help the SMEs get cash discounts on raw materials by making upfront payment to suppliers and also aids in the growth of the enterprise both on the bottom line and on the top line. Purchase financing solution enables enterprises to meet short term finance needs. Zarea, the SME-centric RBI-registered NBFC, offers smart business financing solutions such as purchase finance to its clients at low-interest rates. It is a 100% digitized hassle-free process with no hidden charges.

FAQs

What is the "Apply for credit" feature?

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.

Who is eligible to apply for credit?

Eligibility for credit is determined based on various factors, including credit history, business performance, and other financial criteria which includes, Minimum turnover 3 crores and Business vintage 3+ years.

How do I 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.

What documents are required for the credit application?

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.

How long does the credit approval process take?

The approval process usually takes 72 hours.

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