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SwitchPe

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Product Features

Everything You Need to Know

Introduction

A credit-backed payment solution, designed for merchants to optimize their working capital requirements. Offers unsecured credit lines and seamless connectivity to competitively priced suppliers.

Features and Benefits

Paperless onboarding. No joining fees, no foreclosure charges Interest free credit period of upto 14 days Flexible repayment options

Eligibility

You should be an Indian citizen in the age group of 18-59 years. Business stability of 2 years. Permanent and stable business location.

Fees and Charges

Convenience charge: INR 100 from year 2 (will be included in the monthly bill of the 13th month) Limit enhancement charge: INR 50 Bounce charge: INR 300 Late Payment Charges: Upto INR 25 per day Cash Collection charges: INR 100

Required Documents

  • ID proof
  • Current Residence Proof
  • Business Ownership Proof
  • Age Proof
  • Bank Statement