# 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. Source: https://www.recurclub.com/lenders/credlix-ifsc Last updated: 2026-09-29 ## Products and indicative terms Observed on live transactions. Not an offer or a quote. | Product | Ticket | Rate | Tenure | |---|---|---|---| | Purchase Invoice Discounting | ₹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. ## Eligibility ### Will not fund - "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 - 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 ### Prefers - 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 - 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 ### Screening gates and observed behaviour - Borrower: age ≥3y (distributor financing, loan against property, machinery loan, purchase invoice discounting, sales invoice discounting, vendor 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 · 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 ## Common questions ### 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. --- Check which lenders fund a business like yours: https://www.recurclub.com/recur-market All lenders: https://www.recurclub.com/lenders 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.