Different merchants need different loans.
A seller stocking up for the festive rush needs a different loan from a merchant who'd rather repay a little from each day's takings. Through GLAAS you can offer each of them the loan that suits them, inside your own platform, and you don't put up the money.
Example of a credit line offered through GLAAS, inside a platform's app. Amounts are for illustration only.
Seven kinds of credit you can offer
GLAAS covers seven kinds of credit, across 25+ loan products and structures. You can start with one and add others on the same platform.
Working capital loans
Money for stock and supplier payments while cash is tied up in inventory or unpaid invoices.
Credit lines
A limit the merchant can draw on whenever they need it. What they repay becomes available again.
Term loans
A fixed amount over a set period, for needs that run longer than one cash cycle.
Buy now, pay later
The business buys what it needs now and pays later.
Revenue-based financing
Repaid out of the business's future revenue. Velocity runs its revenue-based financing on GLAAS, which also arranges the capital.
Dealer financing
Dealers buy stock from a brand or distributor on credit and pay later.
Invoice discounting
Suppliers get paid early against eligible invoices instead of waiting for the buyer to pay.
We have 25+ loan products and structures
Tell us about your merchants and the data you hold, and we'll suggest what fits.
Talk to us →Wondering how GLAAS plugs into your platform? See how it works for platforms →
Nine ways for merchants to repay
A wholesaler who collects cash daily and a supplier paid monthly by a big buyer shouldn't repay the same way. You pick the repayment option for each group of merchants.
How a merchant uses one credit line
Several drawdowns from one limit
A merchant with a ₹5 lakh limit can draw ₹1 lakh for regular stock, then ₹80,000 more for festive stock, without closing the first. Each drawdown can have its own repayment plan.
Pay suppliers straight from the loan
When the merchant draws ₹1.2 lakh, GLAAS can split it as the money moves: ₹60,000 to a supplier, ₹35,000 to a logistics vendor and ₹25,000 to the merchant's own account.
Who lends the money
Loans offered through GLAAS are made by Gromor Finance Private Limited, the non-banking financial company (NBFC) that operates GLAAS, and by banks and NBFCs that lend through it as partners. Gromor Finance is registered with the Reserve Bank of India.
More about GLAAS →Questions about credit products
Which products should I offer my merchants?
It depends on who your merchants are and what data you hold. We start with your merchant and data profile, design the products and credit policy with you, and you go live once the integration is done.
Can different merchants get different terms?
Yes. Each group of merchants on your platform can have its own product, credit policy, pricing and limits. Merchants who are paid daily can get different terms from those paid monthly.
How quickly can my merchants get a loan?
Merchants can be pre-qualified for a limit from your platform's data, with no fresh paperwork. Once a loan is approved, the money is disbursed within hours.
What interest rates and loan sizes will my merchants get?
There's no single rate card. Loan sizes and tenures are set for your platform, and pricing follows the risk of each segment.
Can I lower the interest my merchants pay?
Yes, through subvention. Your platform can pay some or all of the borrowing cost for its merchants, or share it with them.
What do you check before approving a merchant?
Your platform's own data, such as sales or settlements, plus GST, banking and bureau data, shared with the merchant's consent. You can use any one source or combine them in a single credit programme.
Ready to offer your merchants credit?
Tell us who your merchants are and what data your platform holds, and we'll come back with the products and credit policy we'd set up for them.