Loan Against Stocks & Inventory

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Have you locked funds with stocks?
Unlock Power of unsold stocks with Loans against Inventory.
Contact us today to know more.
  • Procedure
  • Eligibility Criteria
  • Documents Required
  • Benefits
  • Time Period
  • AKT Advantages
Procedure
1

Apply online by submitting enquiry form or send email on cs@aktassociates.com

2

We will connect with 21+ Bank and NBFC with your proposal.

3

We will submit required documents and negotiate.

4

Loan approved.

Eligibility Criteria

Must be over 18 years of age.

Applicant should be an Indian citizen
Minimum Turnover 30 Lakhs per annum
Business is operating at same place from last 2 years
CIBIL score must be above 700.
The applicant must not have defaulted on any other bank/NBFC’ s loans.
Documents Required

With AKT, you can put an end to tedious documentation. All that you need are:

  • Promoters/Proprietor/Partners KYC such as PAN Card, Aadhar Card and Address Proof.
  • Business KYC such as Pan Card of business (If any), Partnership deed/ COI/ Shop & Establishment certificate.
  • Address proof for Business such as Rent Agreements, Lease deed, Electricity bill, etc.
  • 12 month Bank Statement.
  • 2 years IT return with Balance Sheet and P&L.
  • GST return for 1 year (If available).
  • Cancelled Cheque.
  • Copy of Bills for stock
  • Stock valuation report
  • Colletral Documents (If Required)

Note: – In case IT returns are not available we can help to prepare it for a separate fees.

Benefits

Locked up funds in invetory unlockes by Inventory Finance.

Helps you to buy and accumulate Inventory at low cost and maintain liquidity.
Easy EMI repayment.
Quick days processing.
Up- to 90% Funding on value of inventory.
Time Period

5-7 working days
AKT Advantages

Extensive network of Banks and NBFC

Quick turnaround time
Faster Loan approval and disbursment
End to end expert support from documents to disbursement

Loan against Stock & Inventory: – A Primer

All dealers who buy and sell goods need to maintain stocks or inventory. Sometimes they buy in bulk to reduce purchase costs, However, the inventory takes time to convert back to cash and hence a large part of working capital gets locked in the form of stocks. A loan against unsold stocks and inventory helps a dealer to maintain big stocks at the same time it maintains the required liquidity in the working capital. A Bank values the inventory and then fund the loan on the basis of valuation of the stock. So it helps a dealer to expand his business. AKT Associates is specialized in inventory financing, serving more than 400 cases of loan approval. Contact our expert team to help you with the best loan proposals.

Let it clear the confusion

Frequently Asked Questions

What is the rate of interest charged on inventory finance loan?

The Interest Rate charged will depends on credit rating and nature of business which can vary  bank to bank and on the basis of profile of business. In more sense it can fall from 11% to 30% PA.

How the loan will be paid back?

There need to open a Bank A/c, with the loan providing bank from where monthly EMI will be deducted by bank.

For what purpose I can use this loan?

You can only use this loan for intended purpose, i. e. For purpose of working capital use.

Why should I take this loan?

As mentioned above it is an enabler loan for the dealers which enables them to can keep the large stocks and simultaneously take loan against it to maintain a healthy working capital fund in hand.

What is duration of this loan?

Its a short term loan and periodic stock details need to be submitted to bank on the basis of which a Bank decides to increase of decrease borrowing limit.

What is the procedure for Stock or Inventory Financing ?

Once duly filled application form  and required documents are submitted along with stock valuation. Bank conducts an independent stock valuation and then on the basis of credibility and valuation of an stock the loan is approved.

Why AKT Associates?

Expertise - That Counts

We are handling more than 1500+ successful clients and providing them with services which covers Legal, Technical, Taxation and other business compliance part. That all says a lot on our ways of working and our expertise in the area.

Experience - That Matters

At AKT associates we have been our client’s obvious choice since more than 20 years. For serving you with the best results we use our experience of decades which has exposed us with deep understand.

Efficiency - That reflects in everything

With a strong team which comprises of experts with qualification like CA, CS, MBA & LLB and they will all available with the wholesome result, with dedicated customer service team and support staff. We are always there to execute your work efficiently.

Cost - That saves a Lot

We touch the top position not just because we are the best in what we do but also because we know the value of your time and money. We know the value of your time so all the work by AKT Associates is performed on time and at around 70% less cost in comparison to all the other leading firms of the market that too without compromising on the quality aspect.

Conveniences - That says a Lot

The services of the firm are performed and delivered by using the cutting edge technology which makes the AKT Associates always available & deliver services right in your email. So it doesn’t matter where you are because we are always at your finger tips.

We Deliver to You,
Cost Advantage
Convenience
Profitability
Growth
Clients
Team of Professionals
Presence in Cities
Assignments

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