Product
Instant business loans at competitive rates
Collateral-free and with zero paperwork
Flexible tenures. Zero prepayment charges
Easy to use. No buyer company involvement
We take the privacy of your data very seriously. Right from data transmission to storage, we ensure top-end encryption and the strictest privacy protocols.
Onboarding to Disbursement within 48 hours. Subsequent transactions in 4 hrs.
Up to 90 days of credit on each invoice to fulfil most credit requirements
Sales invoices imported from GST portal minimising errors
Pay interest only for the actual number of days that you avail the credit for
Clear Finance is the latest financial services offering from Clear, the makers of Cleartax. We are eager to replicate our success in simplifying tax and compliance to the financial services sector, in short “simplify finance”. We are focused on creating customer-first products that reimagine what is possible and simplify financial services, to help supply-side partners manage their funnel exposure smartly and as per need.
The Clear Invoice Financing product was launched to solve the working capital challenge that companies face when they are part of large supply chains. Clear has been helping vendors get paid early on their verified sales to large corporations, much before the actual due date of the invoice. Our Invoice Discounting programme is already accessed by over 10,000 vendors, who use it to manage their working capital.
The Invoice Financing programme enables vendors to access collateral-free capital when they need it most. This will help vendors access capital when their receivables are otherwise blocked in complex payment cycles of their buyers. Same-day disbursements ensure vendors can optimise their working capital in an easy and quick manner.
The Invoice Financing program is run by Clear Finance in partnership with our financing partners, e.g., Bajaj Finance. The credit limit will be assigned directly by the financiers, e.g., Bajaj Finance.
Sole proprietary, with GST history of at least 2 years, and 12 months of sales history against a buyer with a turnover of ₹ 100 Crores+.
We would require promoter details along with company details, GST details, and account details via Account aggregators.
No. If an invoice is already funded, it can’t be funded again via this program.
There are no pre-payment penalties. You have to pay interest only for the days you have availed credit for.
No. The party availing credit is responsible for repayment as well.
Collection on the due date will be done via an e-mandate triggered by the financial partner on your primary account. You have the option to prepay as well directly to the financial partner via net banking before the due date.
