Eligibility Criteria

To qualify for a Loan Against Card Swipes/Receivables, you need to meet the following criteria:

1. Business Type: Retailers, Merchants, or Businesses accepting payments via POS machines
2. Card Sales History: Minimum monthly card receivables as per lender requirements
3. Business Vintage: Minimum 1-2 years of business operations
4. Credit Score: Minimum 680+

5. It is one of the most significant roadblocks faced by small enterprises. To qualify for bank loans, you require an excellent credit score. The qualifying requirements for merchant loans advanced at well-known online lending companies 

   • Establishment is a Sole Proprietorship, Partnership, Private Limited Company or Public Limited Company
   •  Sales through credit cards is over Rs. 60 Lakhs
   •  Establishment has had positive profit before tax for the last two (2) years
   • The business has been in existence for three (3) years or more
   •  The customer owns the premises from which the business is being conducted .

6. The following are the general prerequisites for eligibility:

   • Only one year of operating experience
   • Monthly Credit/Debit Card swipes of at least INR 20,000
   • Monthly total sales from the business of at least INR 100,000
   • At least six months’ worth of credit/debit card swipes at your business
   • Applicant must be aged above 21 years

Required Documents

For quick processing, the following documents are required:

1. Photo/Selfie
2. PAN Card
3. Aadhar Card
4. 3 Years Business Financials (ITR, Profit & Loss, Balance Sheet)
5. 1 Year Bank Statement (Current Account, Savings Account, or CC/OD)
6. POS Machine Statements (last 6 months card swipe data)
7. Twelve months‘ Audited Credit Card Sales Statement
8. Basic Financial Documentation
   Application form and request for loan letter on the Merchant’s letterhead, duly stamped and signed.
9. Partnership Deed in case of a partnership firm, Memorandum and Articles of Association with Certificate of Incorporation in case of a Company.
10. Latest Annual Returns which confirms the list of Directors in case of Private and Public Limited Companies.
11. Audited credit card sales statement giving monthly break-up for a 12-month period on the Chartered Accountant’s(CA’s) letterhead. The CA auditing this statement should be the statutory auditor of the firm and needs to be the same as that on the latest financials as performed enclosed.
12. Audited financials of the business for the last two financial years. For small merchant establishments that are not required to prepare auditedfinancial statements, Income Tax Returns will be accepted instead.
    Net Worth Statement and 6 months’ Business Statement
    Individual Income Tax Returns of proprietor/partners/directors (promoters) for the last year.
13. Copy of proof of identification and proof of address details.

      Mail at : finngatedigifinancialsolutions@gmail.com

Why Choose Us?

At FiNNGATE DiGi Financial Solutions, we make borrowing against receivables easy, ensuring you get funds when you need them most:

• High Loan Limits: Get loans up to ₹5 Crore based on card swipe/receivables history.
• No Collateral: Leverage your card transactions to access funds without mortgaging assets.
• Flexible Repayment: Repay conveniently based on your receivable cycle.
• Quick Approvals: Fast processing and disbursal to support immediate business needs.
• Minimal Documentation: Simplified process to save your time.
• Cash Flow-Friendly: Loans structured to align with your daily or monthly card receivables.
• Trusted Network: Backed by 160+ Banks, NBFCs, and Fintech Partners for the best offers.

“Turn your daily sales into instant funds – FiNNGATE DiGi Loan Against Card Swipes/Receivables, your key to uninterrupted business growth!”