Loan Against Card Receivables (LCR) FAQs

A loan against card swipes, is granted to a merchant on the amount of swipes per month into his bank account, through the POS machine installed by the bank. It is a quick method of financing short term working capital.

The maximum cap differs between banks. It can range upto Rs.3 Crores, depending on the amount of swipes and the repayment potential of the company.

Any proprietorship, partnership, private and public limited company can avail this facility.

For Self Employed Individuals / Non-Individuals :

Minimum 3 years in same line of business

The policy of security differs between banks. Few banks require collateral security in the form of immovable property. Any self occupied commercial or residential property can be given as security for the loan.