Advance Customer Payments
Withdraw expected revenue amount before actual payments for urgent needs and pay from future settlements.
Get money within a flash with
Cash Advance
Borrow Collateral-free money only when you need it. Withdraw instantly and repay easily.
Get money within a flash
with Cash Advance
Borrow collateral-free money only when you need it. Withdraw instantly and repay easily.
Additional Cash without Application
Once enabled, you don't need to apply for approval every time. Just
request the money and you will have it within seconds.
Are you not able to see Cash Advance on your dashboard?
Pay on your use
Only pay interest on the amount you withdraw and when you
withdraw. There are no hidden charges.
Cash Advance helps growing
businesses
Employers
Source urgent cash and salaries when payments are delayed
Hire additional or outside resources for ad-hoc work
Get a cash backup for additional expenses and wages during festivals
Manufacturers
Procure raw material at discount with instant cash
Process additional orders with ready access to capital
Acquire new customers while serving the existing ones
Retailers
Buy more stock only when needed and avoid buying too much
Get a cash backup to prepare for peak season or sale
Sustain rent and wages during temporary dip in sales
Cash Advance is for Everyone
Cash Advance
Additional instant money when you need it for unexpected demand and urgent needs
- No interest until you actually use it.
- Takes care of even your cash needs.
- Every disbursal under 10 seconds, once enabled.
Working Capital Loan
Collateral-free loans for achieving the next business milestone
Starting at 1.25% per month for up to 12 months with flexible repayment options.
Corporate Card
Business Card to simplify your digital spends
Requires no personal guarantee and gives you complete control with a smart dashboard
Cash advance
Additional instant money when you need it for unexpected demand and urgent needs
- No interest until you actually use it.
- Takes care of even your cash needs.
- Every disbursal under 10 seconds, once enabled.
Working Capital Loan
Collateral-free loans for achieving the next business milestone
Starting at 1.25% per month for up to 12 months with flexible repayment options.
Corporate Card
Business Card to simplify your digital spends
Requires no personal guarantee and gives you complete control with a smart dashboard
Razorpay's Alternative Credit Decisioning System dynamically sets a higher credit limit with timely repayments and supports your business growth with improved offerings in future.
Frequently Asked Questions
FAQs
What is Cash Advance?
What is Cash Advance?
Cash Advance is a Line of Credit solution provided by Razorpay for its businesses where businesses can transfer additional cash to their bank account for urgent business needs. It is a business overdraft account without any hassles of banks. We are partnering with leading NBFCs to get your affordable financing.
How do I apply for Cash Advance?
How do I apply for Cash Advance?
Pre-approved merchants can apply online through our merchant dashboard by going to the 'Cash Advance’ tab. If you don't see the tab, please reach out to our support team and we will evaluate your request.
What are the eligibility factors?
What are the eligibility factors?
The eligibility of pre-approval is dependent on your monthly transaction volumes, your credit score and your financial records. The credit limit exposed will also be a function of these parameters.
How do I pay back the borrowed amount?
How do I pay back the borrowed amount?
While making the withdrawal amount from your dashboard, you can choose the date of repayment. Razorpay will calculate the repayable amount based on the withdrawn amount and date of repayment and show it to you.
What is the interest and fee on the borrowed amount?
What is the interest and fee on the borrowed amount?
You will only be charged interest on the amount you withdraw and only for the number of days before you repay. The interest starts at 0.08% per day.
What is Cash Advance?
Cash Advance is a Line of Credit solution provided by Razorpay for its businesses where businesses can transfer additional cash to their bank account for urgent business needs. It is a business overdraft account without any hassles of banks. We are partnering with leading NBFCs to get your affordable financing.
How do I apply for Cash Advance?
Pre-approved merchants can apply online through our merchant dashboard by going to the 'Cash Advance’ tab. If you don't see the tab, please reach out to our support team and we will evaluate your request.
What are the eligibility factors?
The eligibility of pre-approval is dependent on your monthly transaction volumes, your credit score and your financial records. The credit limit exposed will also be a function of these parameters.
How do I pay back the borrowed amount?
While making the withdrawal amount from your dashboard, you can choose the date of repayment. Razorpay will calculate the repayable amount based on the withdrawn amount and date of repayment and show it to you.
What is the interest and fee on the borrowed amount?
You will only be charged interest on the amount you withdraw and only for the number of days before you repay. The interest starts at 0.08% per day.
For any application and active account-related query on your Cash Advance Facility, please log in to your account and raise a support ticket from the Help menu. Our team will reach out to you within 1-2 business days.
Grievance Process for Cash Advance merchants
If the resolution provided in the above step is not satisfactory, and you want to raise a complaint, you can approach our Grievance Redressal Officer via email. Please share your account ID and Ticket ID of the complaint in the email. We will respond to your complaint within 30 business days. In case of any delay in response, we will communicate the reasons for the same.
Grievance officer details
Mr. Vijay Thakral,
Senior Director - Compliance,
nodal-officer@razorpay.com,
+91 98860 23388
(Monday to Friday - 10:30 AM to 6:00 PM,
except Public Holidays)
Gromor Finance Private Limited
- Lending Partner (NBFC)
If the resolution provided in the second step is not satisfactory, you can reach out to our Lending partner’s Nodal officer via email. Please forward the first email with more details. The Lending Partner’s team will respond to your complaint within 30 business days. In case of any delay in response, we will communicate the reasons for the same.
Nodal officer details
Ms. Rashi Kataria,
AVP Operations,
Info@gromor.in,
+91 95890 78309
(Monday to Friday - 10:30 AM to 6:00 PM,
except Public Holidays)