Merchant Cash Advance or Loan Against Card Swipes

Get loan on your Credit Card Receivables

Get Personal Loan with FinBucket Loan in just 10 minutes

Overview

Process

What is Merchant Cash Advance or Loan Against Card Swipes?

Merchant Cash Advance or Loan Against Credit Card Swipes or Loan against EDC Sales provides power to the retailers to take Loan Against Card Sales. These loans can also be helpful to merchants like you who want to acquire working capital to execute and expand business operations.

Loan Term

6 Months to 2 Years

Maximum Loan Amount

₹ 2 Crores

Speed

3 days

How to apply for Merchant Cash Advance

Apply

Fill the simple application form

Coordinate

We are coordinating with 30+ banks / NBFCs to get your application.

Rates

We get the best rates for you.

Approval

The loan is approved and the amount credited.

Advantages of Loan Against Card Swipes?

No security required.

Convenience of services at your doorstep

Repay with easy EMI

Requirements

Following are the minimum requirements for Loan Against EDC Swipes

MINIMUM TURNOVER

30 Lakhs

BUSINESS EXISTENCE

3 Years

MINIMUM POS SWIPES

₹ 1 Lakh/Month

MINIMUM CARD ACCEPTANCE VINTAGE

1 Years

CIBIL SCORE

Above 700

documents

Following documents are required for Merchant Cash Advance

ACCOUNT STATEMENT OF 12 MONTHS

VAT RETURNS TILL THE LAST FINANCIAL

PAN CARD

PASSPORT

AADHAR CARD

1 CHARGE SLIP OF ALL EDC TERMINALS

COMMERCIAL ADDRESS PROOF

ELECTRICITY BILL / PROPERTY TAX

6 MONTHS BANK STATEMENT

1 YEAR EDC SALE BANK STATEMENT

FREQUEntly Asked Questions

Get answers to all your questions

1. How can Loan Against EDC Swipes Help You?

2. How Does Merchant Cash Advance Works?

3. Do you have to provide any collateral, security or guarantors in Loan Against Card Swipes?

4. How can you repay the Loan?

5. What Will Loan Against Card Swipes or Merchant Cash Advance Cost?

6. Who Can Qualify For Merchant Cash Advance?

Testimonials

Some of our Awesome Testimonials

“I had to just fill 1-one at FinBucket. They automatically searched across 50+ partner banks and NBFCs and gave the best deal to me.”

Nitin Bhatia, COO,
CaterWow Private. Limited

“I had taken loan for the first time online. Instant assistance and patience from team FinBucket helped me apply and get loan easily.”

Shikha Bhatia,
Founder, Shiksha Learning Academy

“I am very satisfied with the services and business relation with FinBucket. It was easy and simple to get any information regarding loan from them.”