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Merchant Cash Advance or Loan Against Card Swipes


Give Your Business Strength and Stability

 

What is Merchant Cash Advance or Loan Against Card Swipes?


Merchant Cash Advance or Loan Against Credit Card Swipes or Loan against EDC Sales provides power to the retailers to take Loan Against Card Sales. These loans can also be helpful to merchants like you who want to acquire working capital to execute and expand business operations.

Maximum Loan Amount

₹ 2 Crores

Loan Term

6 Months to 2 Years

Speed

3 days

How to apply for Merchant Cash Advance?

Apply Online

Fill simple application form

We are coordinating

with 30+ banks / NBFCs to get your application.

Rates

We get the best rates for you.

Approval

Loan is approved and amount credited.

Advantages of Loan Against Card Swipes?

☞ No security required.

☞ Convenience of services at your doorstep.

☞ Repay with easy EMI.

 

Minimum Requirements for Loan Against EDC Swipes

MINIMUM TURNOVER

30 Lakhs

BUSINESS EXISTENCE

3 Years

MINIMUM POS SWIPES

₹ 1 Lakh/Month

MINIMUM CARD ACCEPTANCE VINTAGE

1 Years

CIBIL SCORE

Above 700

Documents required for Merchant Cash Advance

CURRENT ACCOUNT STATEMENT OF 12 MONTHS

VAT RETURNS TILL THE LAST FINANCIAL


PAN CARD




PASSPORT




AADHAR CARD



1 CHARGE SLIP OF ALL EDC TERMINALS

COMMERCIAL ADDRESS PROOF


ELECTRICITY BILL / PROPERTY TAX

6 MONTHS BANK STATEMENT


1 YEAR EDC SALE BANK STATEMENT

Frequently asked questions

☞ If you have good Card sales on your store and you need extra funds to expand your business. Merchant Cash Advance or Loan Against EDC Swipes or Loan Against Card Swipes is the right choice for you.
☞ Based on your card sales over the last 1 years easeURbusinesss will provide you Loans from the Financial Institutions who will give the maximum loan at lowest rates to expand your business. Then the Institutions will install 1 machine for card swiping. The machine will automatically send the instalment money to the institutions and the remaining amount will be credited to your account.
☞ Ofcorse not, at easeURbusiness you don’t have to provide any security, collateral or guarantee for getting a Merchant Cash Advance or Loan Against Credit Card Swipes or Loan Against EDC Sales. We will provide you the loan based on your financials
☞ The Instalments of your loan will be automatically deducted from your card swipes every months.
☞ The cost of Merchant Cash Advance or Loan Against Credit Card Swipes or Loan Against EDC Sales depends on following ways: 1) How much is your card sales monthly 2) How much Loan do you need 3) The tenure of the loan 4) What is your credit score of your company
1) Company vintage 3 years 2) Company card sales history 1 year 3) Minimum 6 settlements per month 4) Minimum card volume per month INR 1 Lakh