Who We Are
Online Seller Finance Overview
Growth
Online selling has very high potential for growth. As an e-commerce merchant striving to stay ahead of competition, you’re constantly challenged by shrinking lead times, inventory management during peak and lean seasons, pricing decisions and customer expectations.
Offering
“Online Seller Finance” is the finance option you’ve been looking for, in order to grow your marketplace sales exponentially. We designed this product to meet your business requirements in a timely and efficient manner.
Benefits & Features
Funds From ₹1 Lac - ₹1 Crore
With Online Seller Finance, you are eligible for credit of up to INR 1 Crore, ensuring that you’re never too short of funds.
Customised Credit Criteria
We customize the credit underwriting parameters as per the business being evaluated. Our cutting-edge tech-integration and Big Data capabilities help us assess your business and grant the loan accordingly. For instance, we’re able to offer you a loan on the basis of your monthly sales and your projected revenue, making the offer unique to your business.
Loan Amount - twice your monthly sales
To finance potentially lucrative opportunities, Online Seller Finance allows you to avail credit up to twice your monthly sales across marketplaces. This way, you always have enough funds to finance revenue growth as your sales increase.
Ideal for Expanding Your E-Business
We’re partnered with leading e-commerce marketplaces that comply with your business ambitions. This helps facilitate your potential for higher growth across various marketplaces such as Amazon, PayTM, Snapdeal, Myntra, Shopclues, eBay, Craftsvilla, Jabong, etc.
Flexible Repayment terms
Where banks and NFBCs have monthly EMIs, Online Seller Finance allows you to repay us on a fortnightly basis. This way, you wouldn’t feel burdened by hefty instalments at the end of the month and are able to manage your cash flows as per your business requirement.
Zero Collateral
Online Seller Finance is completely unsecure in nature. So, you don’t have to pledge any assets to secure a working capital loan. You can focus on building your online business free of anxiety.
Eligibility & Documents
The eligibility criteria for Online Seller Finance are structured to help evaluate business suitability, with no collateral requirement.
• Minimum operational history of 1 year
• Partnership vintage of more than 6 months
• Minimum quarterly sales of ₹75,000
Applicants may need the following documents:
• Bank statements of the last six months
• KYC documents of the applicant and organisation
Additional documents may be requested based on the business profile and credit evaluation.
Ready to Apply
Apply NowHow to Apply
Step 1
Click on Apply to access our online form. Complete the details and submit the application.
Step 2
A Nitstone representative will review your application and contact you to discuss the next steps.
Step 3
Provide the required documents for verification.
Step 4
Loan processing will proceed according to standard verification and approval procedures. T&C*
Fees & Charges
Nitstone Finserv follows transparent lending practices. A processing fee of up to 2% may apply. Pre-closure terms depend on the loan product selected and internal guidelines.NBFC Disclaimer (Google-Safe)
Nitstone Finserv is a registered NBFC. All loans are subject to eligibility, internal credit assessment and documentation. No part of this content loan approval, loan amount or time-bound disbursal.
| Types of fees: Charges applicable |
|
|---|---|
| Interest Rate 16 % to 25 % | |
| EMI Bounce Charges INR 100+ GST for every bounce | |
| Penalty charges NR 500+ GST | |
| Processing Fee 1 % to 2 % on Loan Amount | |
| Part Prepayment 1 % on the part payment amount | |
| Foreclosure Charge 1 % on principal outstanding | |
| Convinience Charges Rs.2000 |
- Foreclosure charges apply on the current principal outstanding.
- Part payment must exceed 1 EMI.