Advance Customer Payments
With Line of Credit, withdraw expected revenue before actual customer payments to keep business operations running smoothly. Pay in easy EMIs from future customer payments.
Are you not able to see Cash Advance on your dashboard yet?
With Line of Credit, withdraw expected revenue before actual customer payments to keep business operations running smoothly. Pay in easy EMIs from future customer payments.
Cash Advance is a Line of Credit solution provided by Razorpay for businesses. It is a flexible loan product that allows you to borrow from your active line. Access the funds in your line of credit as and when needed, and pay interest only on the amount you borrow.
We are currently serving businesses with annual turnover of Rs. 20 lakhs or more and operating for at least 12 months.
We collect NACH to help you with timely repayments and keep your account in good standing. We also have a manual repayment option on the Razorpay dashboard for you to pay early and save on interest.
We don’t charge any pre-closure fees. We charge on a daily interest rate model, so if you withdraw cash for 90 days and repay back in 10 days, you will be charged only 10 days interest.
We'll need the following documents
- Bank statement of your primary bank account
- Major shareholder KYC documents
- Business KYC documents
Cash Advance is a Line of Credit solution provided by Razorpay for businesses. It is a flexible loan product that allows you to borrow from your active line. Access the funds in your line of credit as and when needed, and pay interest only on the amount you borrow.
We are currently serving businesses with annual turnover of Rs. 20 lakhs or more and operating for at least 12 months.
We collect NACH to help you with timely repayments and keep your account in good standing. We also have a manual repayment option on the Razorpay dashboard for you to pay early and save on interest.
We don’t charge any pre-closure fees. We charge on a daily interest rate model, so if you withdraw cash for 90 days and repay back in 10 days, you will be charged only 10 days interest.
We'll need the following documents
- Bank statement of your primary bank account
- Major shareholder KYC documents
- Business KYC documents