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FAQ
Frequently Asked Questions
To be eligible, suppliers must have an existing relationship with an approved buyer. Buyers must have a stable credit rating and a good relationship with their suppliers.
The terms and interest rates depend on the credit profile of the buyer and the financial stability of the supplier. For more details, please refer to the interest rate policy available on the website.
To complete the KYC process, suppliers and buyers need to provide a government issued ID and address proof. The detailed list provided in the KYC policy on the website.
30/45/60/90/180 Days is the usual credit period offered. The maximum tenure is 180 days, however, it depends on the business credit cycle of the borrowing entity.
SPG Finance offers a Fixed Rate of Interest.
A fixed rate of interest is an unchanged rate charged on the facility/loan for the duration of the facility/loan availed by the borrower.
To assess borrower’s eligibility for a loan, factors such as income, business credit history, annual turnover, sales performance, and business debt-to-income ratio are taken into consideration, among other criteria.
The loan validity granted to borrowers come with an annual renewal mode or as decided by SPG Finance.
Once the loan is fully repaid either at the end of the contract term or through pre-closure by settling all outstanding dues, a No Dues Certificate will be issued by SPG Finance.
No Dues certificate is issued to SPG Finance customers 15 days after settling all outstanding dues/loan is fully repaid.
Once a loan is closed and No Dues Certificate (NDC) issued, SPG Finance releases the security within 30 days from NDC issuance.
Feel free to reach at care@spgfinance.in for any queries.
