Lender profile
Credlix IFSC business loans
Credlix IFSC is on Recur Club's lender panel, writing export financing, import factoring, loan against property and 7 other products. Observed tickets run ₹80 lakh to ₹2 cr, priced between 13.5% and 14%. Median turnaround from application to disbursal is about 51 days.
- ✓Tickets from ₹80 L – ₹2 Cr across 10 products
- ✓Indicative pricing 13.5% – 14%, as quoted on live transactions
- ✓We check your fit against every lender on the panel, not just this one
10
Products live
— The screen your file has to clear
The screen your file has to clear
What is checked before anything else, and applies to every product below.
Rejects
- "Considering the weak debt servicing capability, adverse repayment track record, stretched working capital cycle, and inherent business risks, Let us not take exposure here"
- Funding Lithina Energy is fundamentally not aligned with credit norms - a newly incorporated entity with operations commencing only this year, lacking established track record, audited financials, cash flow history, or repayment history
- Case cannot be processed as the company operates in the Agri sector, which is a negative profile per policy
- Won't take 3rd party collateral, open land, or hospitals/schools as security for LAP; only NA land accepted
18 more ▾ ▴
- Unsanctioned Exim countries: Pakistan, Bangladesh, China (for export), Oman, Africa
- Won't fund perishable, agro, fragile products, gems & jewelry, or service profiles under Exim/SID negative list
- This is a recently rejected case (Credlix, re: )
- Unable to move forward with the case due to related-party purchase routing, stretched cash conversion cycle/creditor days (≈300 days), nil working capital gap, and fixed asset mismatch between related entities
- Credlix declined: ≈80% of purchases sourced directly from farmers (agri sector) is outside policy norms, client has no actual requirement for export finance, and DSCR is below 1.0x, failing Term Loan (TL) policy criteria
- Petrochemicals is a negative sector
- Will not proceed with the proposal as the company operates in the EPC industry, which is not being considered due to internal risk management guidelines.
- Credlix declined: revenue stagnant over 4 years (₹40.8Cr FY23 vs ₹41.9Cr FY26 projected), inventory very high at ₹17.8Cr (293 inventory days, 268-day cash conversion cycle), Debt/EBITDA elevated at 3.96x, and debt rose from ₹8.3Cr to ₹21.0Cr while turnover stayed stagnant — does not meet credit underwriting parameters
- Can't move forward with the proposal due to unresolved concerns: cyclical/related-party transactions, questionable business substance, covenant breaches, and weak profitability
- Passed from all lenders
- Credlix declined case under purchase invoice discounting: e-invoice unavailable (client purchases from farmers/mandis, agri items)
- Agri sector is flagged by lender as a negative/restricted sector
- Credlix declined: revenue stagnant over 4 years (₹40.8Cr FY23 vs ₹41.9Cr FY26 projected), inventory very high at ₹17.8Cr (293 inventory days, 268-day cash conversion cycle), Debt/EBITDA elevated at 3.96x, and debt rose from ₹8.3Cr to ₹21.0Cr while turnover stayed stagnant
- Lender ('not doable') declined the case; detailed reasons to follow
- Not okay with gul
- Case rejected: negative profile under EPC (not eligible for purchase invoice discounting)
- CIBIL CMR 8 found ineligible under SID due to transaction mismatches and lack of timely payment realisation
- Passed due to weak financials
Wins
- Major book concentration in manufacturing sector - electronics, steel, pharma
- Sweet spot ticket size is ₹2-3 Cr
- Open to forming deeper programs with more PF sharing; PEC and criteria remain unchanged
- Prefers clean promoter bureau with no watchlist hits or adverse media
23 more ▾ ▴
- Can do a slightly higher limit if structured as SID with escrow
- …more in playbook
- After review, maximum exposure offered was INR 0.60 Cr
- Borrower is an EPC/highway contractor, a sector seen as inherently exposed to monsoon-season execution and collection delays
- Dealer financing, the size of dealers matter. They should be teir 1, teir 2 dealers.
- Case structured at rate 14-15%, tenor 24 months, with promoter personal guarantee offered as credit enhancement
- Chinese exporters typically work on 100% advance
- funding timing needs to be pegged to days-to-dispatch and days-to-B/L receipt after advance payment, plus the inco-term
- Delayed interest / penal charge of 3% per month on overdue tranches
- Agri-sector companies are not standard purchase invoice discounting candidates for the lender, but this case is viable since the spices & packaging vendors are not GST-exempt
- Bank statement review suggests receivables of ₹30-40 Cr, indicating stretched working capital and slower realization cycles
- Both accounts in question were reported with an SMA-0 classification.
- Borrower made a partial payment of INR 7.25 cr against dues of INR 8.25 cr, leaving a shortfall
- lender has asked to adjust the borrower's INR 1.00 cr security deposit against the outstanding dues.
- Fixed Deposit collateral is not available in this case
- Security package unclear since existing group borrowings are predominantly secured facilities
- clarity needed on charge, collateral, assignment of receivables, and guarantees for proposed facility
- Instrument (e-invoice) must be less than 15 days old (stale invoice cutoff) and tranche tenor is capped at 60 days from discounting, with bullet interest+principal repayment at tenor end
- Need 3-4 qualifying cases per month; typically convert only 1-2
- Tranche tenure of 60 days from discounting, within an overall 12-month facility tenure
- Diligence flag: given Ultravibrant's scale, checking limits availed on TReDS and quantum of off-balance-sheet debt
- Lender checks TReDS limits availed and off-balance-sheet debt as part of diligence to assess true group leverage
- purchase invoice discounting: relationship vintage minimum 6-7 months, with 1-2 suppliers needing 12-month vintage to be manageable
Behaviour & gates
- Borrowerage ≥3y (distributor financingloan against propertymachinery loanpurchase invoice discountingsales invoice discountingvendor financing)
- age ≥2y (secured term loan)
- age ≥5y (export financing, import factoring)
- CIBIL ≥650 (cohort ≈701)
- avoid: Financial Services, Insurance, Agriculture and Allied Industries (varies by product)
- pan-India
30 more ▾ ▴
- sector-agnostic (34 sectors — full list in data JSON) (varies by product)
- Financials: EBITDA ≥₹5cr (cohort ≈10.8) (purchase invoice discounting)
- EBITDA ≥₹5cr (export financing, import factoring, machinery loan, sales invoice discounting, secured term loan, vendor financing)
- rev ≥₹25cr (cohort ≈152.4) (purchase invoice discounting)
- rev ≥₹25cr (loan against property, machinery loan, sales invoice discounting, secured term loan)
- rev ≥₹100cr (distributor financing, export financing, import factoring, vendor financing)
- TOL/adjusted tangible net worth ≤5
- debt/EBITDA ≤4 (cohort ≈3.8×)
- maximum workingcapitalgap: 120 (purchase invoice discounting only)
- minimum workingcapitalgap: 10 (purchase invoice discounting only)
- networth ≥₹3cr (cohort ≈29.4) (purchase invoice discounting)
- networth ≥₹3cr (import factoring, machinery loan, sales invoice discounting, secured term loan, vendor financing)
- networth ≥₹2cr (distributor financing, export financing)
- DSCR ≥1.2 (cohort ≈1.7×) (purchase invoice discounting)
- DSCR ≥1.2 (loan against property, machinery loan, sales invoice discounting, secured term loan, vendor financing)
- DSCR ≥1 (distributor financing)
- debt/networth ≤4 (cohort ≈2×)
- minimum annualrevenuegrowthrate: 10 (varies by product)
- Deal: rate 0–15% (range across products — see matrix)
- ticket ₹0–30cr (range across products — see matrix)
- tenure 0–144mo (range across products — see matrix)
- no PEP
- Security (observed): Personal Guarantee Of Promoters / Directors / Property Owner (100%)
- FD margin 10–15% (83%)
- Security asked in : Personal Guarantee Of Promoters/Directors (×2), 1st/pari-passu charge on current assets (×2), FD margin 20–30% (×2), Fixed Deposit <5% (×1)
- Security asked in : 2nd charge on current assets (×2), Personal Guarantee Of Promoters/Directors (×2), 1st/pari-passu charge on current assets (×1), FD margin 10–15% (×1)
- Security asked in 2026: Personal Guarantee Of Promoters / Directors / Property Owner (×48), FD margin 10–15% (×40), Corporate Guarantee (×7), FD margin 15–20% (×7)
- share → in-principle approval (initial interest): ≈24d
- in-principle approval → sanction (underwriting): ≈22d
- sanction → disburse (closing): ≈7d
— Products & indicative terms
What Credlix IFSC lends, and on what terms
What has actually been offered on live transactions, not brochure numbers. Treat them as the band you are likely to be quoted inside, not a promise. Open a row for that product's credit box.
| Product | Ticket | Pricing | Tenure |
|---|---|---|---|
Purchase Invoice Discounting▾Turnaround ~51d Rejects
Wins
22 more ▾ ▴
Behaviour & gates
34 more ▾ ▴
| ₹0.8–2 cr | 13.5–14% | 12 mo |
Also offered, with no terms observed yet: Export Financing, Import Factoring, Loan Against Property, Overdraft / Cash Credit, Sales Invoice Discounting, Secured Term Loan, Unsecured Business Loan, Vendor Financing, Working Capital Demand Loan.
— Common questions
What borrowers ask about Credlix IFSC
- What does Credlix IFSC lend?
- Credlix IFSC writes export financing, import factoring, loan against property, overdraft / cash credit, purchase invoice discounting, sales invoice discounting and 4 further products. Across those, observed facilities run ₹80 lakh to ₹2 cr.
- What ticket size does Credlix IFSC offer?
- Facilities observed on live transactions run from ₹80 lakh to ₹2 cr. The band differs by product, so the figure that applies to you depends on which facility you are asking for.
- What rate does Credlix IFSC charge?
- Rates observed on live transactions fall between 13.5% and 14% a year. Tenures run 12 to 12 months. These are observed figures, not a quote, and the rate you are offered depends on your file.
- How long does Credlix IFSC take to disburse?
- About 51 days from application to disbursal at the median, where the file is complete. Missing financials, unresolved security or a pending no-objection from an existing lender are what usually stretch it.
- What are Credlix IFSC's eligibility criteria?
- The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page.
Next steps after Credlix IFSC
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Check my matchLast updated
Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of Credlix IFSC's current policy. Terms are set by the lender at the time of sanction.