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.
Cash Advance - Get instant loan for your business
Get collateral free credit line, access cash up to 25 lakhs with 24*7 withdrawals for your business.
Cash Advance - Get instant loan for your business
Get collateral free credit line, access cash up to 25 lakhs with 24*7 withdrawals for your business.
Get Cash Without a Fresh Application
Once Line of Credit is enabled, withdraw funds as per your need without a fresh application every time.
Are you not able to see Cash Advance on your dashboard yet?
Pay on What You Use
Only pay interest on the amount you withdraw and when you withdraw.
There are no hidden charges.
Eg: If you withdraw ₹1 lakh at 1.5% pm and repay in 20 days, you pay only Rs 1,000 as interest.
Line of Credit: An Ideal Short-term
Loan for All Businesses
Suppliers
Manage uneven cash flows from delayed customer payments
Fund inventory purchases to meet customer demands
Get cash flow flexibility during supply chain disruptions
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
Frequently Asked Questions
FAQs
What is Cash Advance?
What is Cash Advance?
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.
Who is eligible for Cash Advance?
Who is eligible for Cash Advance?
We are currently serving businesses with annual turnover of Rs. 20 lakhs or more and operating for at least 12 months.
How do I pay back the borrowed amount?
How do I pay back the borrowed amount?
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.
How can I reduce my interest charges with Cash Advance?
How can I reduce my interest charges with Cash Advance?
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.
What are the documents required to apply for Cash Advance?
What are the documents required to apply for Cash Advance?
We'll need the following documents
- Bank statement of your primary bank account
- Major shareholder KYC documents
- Business KYC documents
What is Cash Advance?
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.
Who is eligible for Cash Advance?
We are currently serving businesses with annual turnover of Rs. 20 lakhs or more and operating for at least 12 months.
How do I pay back the borrowed amount?
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.
How can I reduce my interest charges with Cash Advance?
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.
What are the documents required to apply for Cash Advance?
We'll need the following documents
- Bank statement of your primary bank account
- Major shareholder KYC documents
- Business KYC documents
For any application and active account-related query on your Cash Advance Facility, please log in to youraccountand 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)