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Get financial assistance through coaljunction

An innovative downstream finance scheme, in association with leading banks for the auction participants of coaljunction participating in e-auctions of Coal India Ltd.

Key benefits of the finance program

  • Get working capital from 50 lacs to 10 crore rupees
  • Credit period upto 60 days
  • Interest rates as low as 12.75% per annum*
  • Instant disbursal
  • Hassle-free one-time documentation and processing

How it works

  • 1
    Expression of interest

    Customer provides expression of interest with application form and documents to coaljunction

  • 2
    Approval

    coaljunction will discuss with the bank; and once approved, set up the overdraft limit

  • 3
    Finance request

    Customer sends online finance request to us for the approved lots

  • 4
    Payment
    Post validation by our team, Bank processes the request and makes payment to plant.
     
  • 5
    Payback

    Customer lifts materials and makes payment to bank within the due date**

*   In case of offline mode, customer collects PO and deposits to client office

** In case of default, customer will not be allowed to participate in auctions