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WHAT WE DO

PRODUCTS
Loans for Working Capital Needs

121 Finance offers a comprehensive bouquet of enterprise business loans for MSMEs with flexible tenures: from 1 day to 365 days.

These MSME loans come with a variety of easy repayment options including EMIs, flexible monthly installments and even customized repayment schedule.

These loans have rate of interest as low as 1.25% p.m. and typically disbursed in 2-3 days.

Customized Products

Our tech platform is equipped to design products suitable to you and offer you options of repayment tenures, keeping your cash flow in consideration.

SUPPLIER SIDE FINANCE - Collect Now
Receivables Finance

This is also called Invoice Discounting or Invoice Finance, wherein a due invoice can be discounted on an individual basis or on a block of receivable basis. In case a block of invoices, flexible repayment options are available. This product is useful for creating liquidity in business to make supplier/vendor payments.

Typical Uses
Purchasing, Special Scheme Discounts, General Working Capital Needs
Maximum Tenure
90 Days
Minimum Amount
5 lakh
Maximum Amount
100 lakh
Margin on Receivable
Up to 100% of Invoice value can be financed
Interest Rate
As low as 1.25% per month*
Prepayment Charges
No Prepayment Charges in case of full repayment
Disbursement Time
1 business days for repeat borrower*
Processing Fees
Nil
Security
No Collateral Security; Assignment of Receivables
CHANNEL FINANCE FOR DISTRIBUTORS

Channel finance is an excellent business loan for assisting and strengthening the downstream supply chain. It increases the purchasing power of small channel partners (retailers or sub dealers) of distributors and wholesaler of a large corporate. The distributor gets an advantage of entire collections getting disciplined.

Types of Borrowers
All retailers or associates of the Distributor of a Corporate
Repayment Options
Bullet
Typical Uses
Purchasing, Special Scheme Discounts, etc. only for the approved principals
Maximum Tenure
90 Days
Minimum Amount
1 lakh
Maximum Amount
25 lakh
Margin On Receivable
Up to 100% of Invoice value can be financed
Interest Rate
As low as 1.25% per month*
Disbursement Time
1 business days for repeat borrower*
Min. Monthly Repayment
Not Applicable
Security
No Collateral Security
WORKING CAPITAL FINANCE FOR BUSINESS WITH GOVERNMENT

It is customised working capital finance facility for businesses selling goods or services to Government, especially as a supplier or made-to-order supplier. Since payments from Government are erratic, the tenure is linked to the PO, Tender or Work Order.

Types of Borrowers
Available to only approved and registered Government contractors, suppliers, etc.
Repayment Options
EMI, Flexible Customized Tenure Repayment, Min. monthly repayments
Typical Uses
Purchase or execution of the Government Contract
Maximum Tenure
120 Days
Minimum Amount
10 lakh
Maximum Amount
100 lakh
Margin On Receivable
Up to 100% of Invoice value can be financed
Margin on Receivable
Upto 65% of Order Value can be financed
Interest Rate
As low as 1.25% per month*
Prepayment Charges
No Prepayment Charges in case of full repayment
Disbursement Time
Initial setup requires 7 days, then each disbursement takes 1 business day
BILL DISCOUNTING/INVOICE DISCOUNTING

Bill or Invoice discounting is an easy and popular facility for MSMEs to raise short-term funds until they receive payments from their corporate buyers.

Types of Borrowers
Suppliers to Corporates or Mid Corporates
Typical Uses
Supplies on Credit
Maximum Tenure
60 days
Minimum Amount
1 lakh
Maximum Amount
50 lakh
Margin on Invoice
Upto 75% of Invoice Value can be financed
Interest Rate
As low as 1.25% per month*
Prepayment Charges
No Prepayment Charges
Disbursement Time
1 business days for repeat borrower*
Interest Payment
Upfront deducted in the discount, delay period to buyer account
Processing Fees
Nil
Security
Acceptance of Invoice by the Buyer
FACTORING

This is a fairly new product for Indian businesses for managing their Debtors and also their working capital. The seller can go for a disclosed or a non disclosed and with recourse or without recourse financing, against the Debtors. With TReDS (Trade Receivables Discounting System) of GOI, this is the new normal for receivables management in India.

Types of Borrowers
B2B businesses, dealing with retailers or vendors to corporates
Typical Uses
Supplies on Credit
Maximum Tenure
As per the buyer acceptance
Minimum Amount
0.50 lakhs
Maximum Amount
50 lakh
Margin on Invoice
Upto 100% of Invoice Value can be financed
Factoring Charges
As low as 1.25% per month*
Prepayment Charges
No Prepayment Charges
Disbursement Time
1 business days for repeat borrower*
Interest Payment
Upfront deducted in the discount, delay period to buyer account
Processing Fees
Nil
Security
Acceptance of Invoice by the Buyer

(Awaiting RBI/GOI clarification on Factoring Act to start this product)

BUYER SIDE FINANCE - Pay Later
OPPORTUNITY FINANCE FOR INSTANT PURCHASING

Avail loan facility against confirmed cash inflows over next 30 days. Pay just for the number of days you use the funds.Very useful for availing special offers and cash discounts.

Types of Borrowers
Available to all Approved Distributors, Retailers, C&F, Selling Agents, etc.
Typical Uses
Only purchases from principals
Maximum Tenure
30 Days
Minimum Amount
5 lakh
Maximum Amount
100 lakh
Margin on Receivable
Up to 80% of the invoice value can be financed
Interest Rate
As low as 55 per day per lakh*
Prepayment Charges
No Prepayment Charges in case of full repayment
Disbursement Time
Initial setup requires 2 days, then each disbursement takes 1 business day
Security
No Collateral Security
LINE OF CREDIT

An ideal product for Vendors to MNCs, eCommerce companies and other businesses, that do not have a CC facility from their banks. This acts just like a CC for the borrower, with the ease of paying only for what one is using.

Types of Borrowers
Available to all businesses, except traders, having at least 1 year relationship with 121
Typical Uses
All Working Capital needs
Maximum Tenure
365 days
Minimum Daily Amount
1 lakh
Maximum Daily Amount
25 lakh
Limit Amount
Based on the overall exposure
Interest Rate
As low as 1.10% per month*
Prepayment Charges
No Prepayment Charges
Disbursement Time
15 minutes from disbursement request, subject to availability of limit
Interest Payment
At the end of each month
Security
No collateral security