The buyer finance program lets you focus on you trade by providing you easy access to funds.
Get financial assistance through CoalJunction
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 Finance Request for the approved lots
-
4
Payment
Bank processes the request and directly makes RTGS payment to the plant, or issues pay order*
-
5
Payback
Customer lifts materials and makes payment to bank within the due time limit**
* 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