Summary
Tailored short-term revolving credit lines designed to support inventory purchase and rotation cycles for pre-owned vehicle dealers. Help improve stock liquidity and showroom turnover.
Key Features
- Loan Size: ₹2 lakhs to ₹30 lakhs
- Facility Type: Inventory-backed revolving line
- Tenure: Max 60 days for each tranche.
- Limit availability 12 months
- Security: Stock hypothecation
- Sanction Time: 3 working days (subject to complete documentation)
Eligibility
- Authorized used car dealers with consistent turnover and having own storefront
- Tier 1 and Tier 2 city showrooms
- Dealer aggregators and used car franchisees
Ideal For
- Stock acquisition from auctions or B2B channels
- Expansion of lot size
