Supply Chain Finance (SCF)
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At SMFG India Credit, we offer competitive Supply Chain Finance (SCF) interest rates to help businesses unlock liquidity tied up in their trade receivables and payable cycles. Our SCF solutions are structured to be transparent, flexible, and cost‑effective, enabling buyers and suppliers to manage cash flows efficiently while maintaining strong trade relationships.
Currently, the interest rate for Supply Chain Finance ranges from 8% to 18%* per annum, depending on the transaction structure, counterparty profile, and credit assessment.
Schedule of Charges
|
Types of charges |
Applicable charges |
|
Processing Fee |
Up to 2.00% of deal limit |
|
Documentation Charges |
Up to 1.00% of deal limit |
|
Penal Charges / Late Payment Charges |
2% charged monthly (24% per annum) on the overdue amount calculated on day-to-day basis, payable from the relevant due date till date of actual payment. |
|
Cheque / NACH Dishonour charges (Per Dishonour) |
INR 500 per instance of bounce. |
|
Loan Cancellation Charges |
One-time processing fee shall be retained; the maximum of the principal and the proportionate APR (Annual Percentage Rate) will be recovered without any penalty. |
|
Foreclosure Charges |
NA |
|
Lock In (Minimum Utilisation Period) |
NA |
|
Loan/Tranche Pre-Payment / Part Payment Charges |
Nil |
|
ROC/CERSAI Charges |
At Actuals |
|
Stamp Duty / Stamping / Franking Charges |
At Actuals (as per the Stamp Duty applicable for the respective state where documents are executed) |
|
Legal & Incidental Charges |
At Actuals |
|
Security Creation Charges (if applicable) |
At Actuals |
|
Stock Insurance Charges |
At Actuals |
|
Other Insurance Charges |
At Actuals |
Computation Logic for Interest, Late Payment Charges and other Charges
Accrual on a day-to-day basis and computed on the basis of actual number of days in a month / 365 days a year.
Treatment of Excess Funds
Where any funds received by SMFG India Credit are in excess of the outstanding amounts (including interest and charges), other than for the purpose of foreclosure of the Facility as communicated by the Borrower, then such excess/additional amount shall be refunded to Borrower’s registered bank account. No interest shall be payable by SMFG India Credit on such excess amount.
* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.
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Insurance disclaimer SMICC is registered with the Insurance Regulatory and Development Authority of India (IRDAI) as a Corporate Agent. IRDAI Registration No.: [CA0098] CIN No. U65191TN1994PLC079235. The insurance policy is a contract between the customer and the insurance company, and policy is underwritten by insurance companies. SMICC acts only as the distributor and is not responsible for any risk, policy issuance, claim settlement/repudiation etc. Insurance is the subject matter of solicitation. Purchase of insurance is voluntary and subject to insurer underwriting and policy terms and conditions. Customers are advised to read the policy terms and conditions, benefits, exclusions, claim settlement carefully before purchase. Kindly note that “Insurance Products” are not mandatory for the purpose of the application and disbursement of loan. It shall be the sole discretion of the customer, by providing explicit consent, to avail such insurance along with the Loan.
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