Dealer Finance
We provide end to end solutions for the financial requirements of Commercial Vehicle and Construction Equipment dealers, which include the following products:
Key Features
- Project financing - Term Loan
- Inventory Funding
- Cash Credit
- BG/LC
Term Loan Options
Term Loan is available to automobile dealers for setting up of new dealerships, expansion / renovation of showroom / workshop / supplementing working capital requirement.
- Equipment Term Loan is available to automobile dealers for purchase of equipments for their service centre.
- Amortizing Term Loan is available to automobile dealers for purchase of property for business expansions / new dealerships.
- Working Capital Term Loan is available to automobile dealers to fund core working capital / supplement the working capital requirements
Inventory Funding Options
Inventory funding is available to auto dealers to finance the working capital requirement
- Retail Linked Trade Advance: Dealer inventory funding facility is linked to retail business sourced through dealership counter.
- Floor Finance / Single Payment Gateway Plan: Caters to the entire working capital requirements related to inventory (vehicles). The credit exposure is based on the dealer's working capital requirement and credit assessment.
Under this product Kotak Bank is the exclusive financier for inventory funding needs of the dealership.
Cash Credit: Over and above inventory funding, if the dealer requires cash credit facility for other working capital needs, the same can be assessed and made available.
Letter of Credit / Bank Guarantee is available for dealers either as a sub limit or as a stand alone limit, as required.