Merchant Advance Loan Against POS Machines

Get easy loans, pay directly through daily deductions from the
swipe machine transactions.

Merchant Cash Advance is best suited for businesses with significant transactions happening through card swipes. Businesses typically need money to expand their operation, stock more inventory, extend credit or reach out to more customers. Unsecured Cash Advance Loans from Indifi are the best solutions for these needs.

Upto 50 Lacs

Get loan upto 50 Lacs
depending upon the need

1.5% Per Month

Get amazingly low interest rate starting from 1.5% per month

Daily Deductions

Flexible repayment through daily deductions

12 Months

Get a loan with a tenure of upto 12 months

2% Fees

We only charge 2% processing fee

How To Get Merchant Advance Loan Against POS Machine

MSMEs that meet the following criteria are eligible for ‘Merchant Advance Loans’

Eligibility For Loan Against POS Machine

  • Minimum 6 months card swipe history
  • Minimum monthly transaction of INR 50,000
  • Minimum 2 years of operational history
  • Promoter age >24 years
  • 2 years ITR for loans above 10 lacs

Required Documents For Loan Against POS Machine

  • Business Registration Proof
  • KYC documents of the applicant and the organisation
  • Bank statement for the last 6 months
  • Pan Card of the promoter
  • Aadhaar Card of the promoter

Loan Against POS Machine

Is your business lacking funding for things like inventory management and customer outreach? Are you facing a credit crunch in meeting your day-to-day business needs? If the answer to these questions is yes, we have a suggestion for you. Why don’t you consider taking Merchant Cash Advance (MCA) loans in order to fulfil your frequent business demands? Merchant Loans are suitable for businesses that have a substantial amount of credit card based transactions using the Point of Service (POS) machine or card swipe machine.

In recent times, the push toward cashless transactions has made plastic money a key factor in financial exchanges. Nowadays, people are using credit/debit cards for even single-digit transactions. Keeping these things in consideration, several business owners are providing POS/card swipe machines. And that opens up an opportunity for enterprises to spawn merchant cash advance loans easily. If you are looking for loans against POS machines, Indifi is your best bet in getting a hassle-free loan.

Benefits of Merchant Cash Advance Loans:

  • It’s a win-win situation:

POS loans are beneficial for both businesses and the credit issuer. On the one hand, merchant loans aid entrepreneurs with funds to run and expand their businesses. Lenders are also assured of timely repayments because of the ingenious way of daily repayment schemes.

  • Ample Amount for Daily Needs:

POS loan amount is proportional to the volume of your monthly card-based transactions. You can get as much as 200% of the transaction amount. You can borrow an amount of up to 50 lakhs from Indifi as merchant cash advance loans. Considering one’s day-to-day business expense, it is a substantial amount to meet your daily routine needs.

  • Low interest rates:

You can avail the POS loans at an interest rate of as low as 1.5% per month. And with features like daily repayment plans, there won’t be any extra load on you as a business owner.

  • Loan Duration:

Merchant Cash Advance Loans are available for a duration of 6 months to 12 months, depending on businesses’ needs.

  • Minimum Processing Fee:

Indifi offers the Merchant Cash Advance Loans at a minimum processing fee of just 2%.

  • Minimum Approval time:

In case of loans against POS machines, the turnaround time can range from 3 days to max duration of a week.

  • Flexible Finance:

In loans against POS machine scheme, the EMIs that are paid on a daily basis depends on the revenue generated on that particular day, so the debited amount fluctuates, depending on your daily earnings. In contrast to the traditional ways of EMIs, this flexible payment system lessens your worries.

  • Freedom for Alternative Finance:

The USP of Merchant Cash Advance loans is the independence it offers to businesses of opening a new line of a parallel credit system.

Why Prefer Loan Against POS Machine?

POS systems add a whole lot of flexibility to your financial transaction mechanism. Whether you are a medium size businessman or a small corner café owner, POS machines are well-equipped to serve your needs. Besides removing the hassle of paper-based transactions, POS machines can also be connected to cloud-based systems that add an extra layer of security and encryption to your monetary transactions. These systems ease out the time-consuming inventory tracking processes. By calculating the number of transactions that occurred on a daily basis, you can have an idea of your inventory or storage. And last but not least, POS systems also help you in credit generation in the form of MCA loans.

Merchant Cash Advance FAQs:

Q. How is Merchant Cash Advance helpful to you and your business?

It is similar to owning a current account that aids you in getting easy access to funds without worrying about the repayments. The deductions occur from your daily income on its own.

Q. Do I need to put any collateral for the loan?

Merchant Cash Advance Loans are a type of unsecured loan that means you need not worry about any collateral amount or property.

Q. Is there any disadvantage of Merchant Cash Advance?

The POS loan amount is determined by the sales you made using card-based transactions. So, while estimating your credit limits, the transactions performed in cash will not be taken into consideration.

Q. How can I apply for Business Loans?

It’s pretty simple. Follow these few steps, and you are good to go:

  • Click on the ‘Apply Now’ button on the top right corner.
  • Fill in the necessary information like Annual Turnover of your business, Person of Contact, and some contact information.
  • Tick the checkbox.
  • And click on ‘Apply Now’.
  • In the next page, fill info about your business.
  • Then, securely input your bank information
  • And you are all set!

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Frequently Asked Questions

WHY DO SMALL BUSINESSES USE INDIFI?

When asked, most business owners shared that access to capital is the single biggest roadblock to growing their businesses. With more cash flow, these businesses can hire new employees, purchase more inventory, take more orders, upgrade equipment and boost their marketing efforts.

HOW DO I APPLY FOR A LOAN?

Applying is quick and easy and typically takes less than 10 minutes. We ask for basic information about you and your business. Securely connect your bank information so we can assess your business without long forms, waiting in line or having to dig up old paperwork. Your association with business services who we have partnered with helps get you more fitting loans.

WHAT DOCUMENTS ARE REQUIRED TO AVAIL A LOAN?

We need your

  1. Pan Card
  2. Aadhaar Card
  3. Address proof of self and firm
  4. Business registration proof
  5. Bank Statement last 6 months.
    In case of loan more than 15 lacs, latest ITR