Credit Line and Business Loan
Shiprocket Instant Cash Credit Facility, Business Loan via Flexi, CRIF credit score, and ShipSure RTO protection
Product Info
Shiprocket Instant Cash Credit Facility
A revolving pre-approved credit limit that lets sellers withdraw money whenever the business needs it. Unlike a regular loan, interest is charged only on the amount withdrawn — not the entire limit.
Access points on panel:
- All Products > Business Loan tab.
Key Features
| Feature | Detail |
|---|---|
| Minimum withdrawal | Rs. 10,000 |
| Maximum active loans | 5 at a time |
| Repayment | Starts only after withdrawal |
| Limit reset | Resets as repayments are made (revolving) |
| Disbursement | 24–48 hours after drawdown request and digital agreement signing |
| Early repayment charge | 2% on principal outstanding + GST |
| Grace period (missed repayment) | 7 days; after that, interest and penalty charges apply |
Eligibility
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Active Shiprocket seller.
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Minimum age: 21 years.
-
Business operational for at least 12 months.
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Currently available for sole proprietors only (registered entities coming soon).
Repayment Method
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Primarily via COD remittance - a portion is auto-adjusted from Shiprocket COD payouts on scheduled dates.
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If overdue for more than 10 days: switches to auto-debit (eNACH) from registered bank account.
Important Rules
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If any loan has an overdue EMI (even by one day), you cannot draw further loans until the overdue amount is cleared.
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Rejected applications can be reapplied for after 6 months.
Where to View Statement
Seller Panel > All Products > Instant Cash section > View Statement
Support
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Phone: 8750538806
Shiprocket Business Loan (via Flexi)
A term loan product for Shiprocket sellers, managed in partnership with Flexi. The complete loan journey — from application to disbursement — is done online.
| Feature | Detail |
|---|---|
| Loan amount | Rs. 50,000 – Rs. 20,00,000 |
| Repayment tenure | 6–36 months |
| EMI calculation | Dynamic, real-time based on amount and tenure |
| Support phone | +91-9821008947 |
Application: Seller Panel > All Products > Business Loan > Apply Now > Validate mobile number via OTP > Customize loan amount and tenure > Complete KYC > Submit.
If application is paused midway: All progress is saved, including application ID, company details, and mobile number. Can be resumed later.
CRIF Credit Score
Sellers can check their free CRIF credit score (range: 300–900) from the Shiprocket Seller Panel.
Path: All Products > Credit Score > Enter Full Name, Mobile Number, Email ID, KYC Document Type and Number > Verify OTP > View score instantly.
Checking your own score does not affect it (soft inquiry). Recommended to check at least once a month.
What Affects CRIF Score
| Factor | Weight |
|---|---|
| Repayment History | 35% |
| Credit Utilization (keep below 30%) | 30% |
| Length of Credit History | 15% |
| Credit Mix (secured + unsecured) | 10% |
| New Credit Inquiries | 10% |
How to Do on Seller Panel
Apply for Credit Facility
Seller Panel > Top Navigation Bar > Instant Cash tab (or floating widget bottom-right) > Apply > Fill basic details > Complete KYC > Submit > Wait for real-time review.
Make a Drawdown (Withdraw Funds)
Capital Dashboard > Instant Cash > Select withdrawal amount > Digitally sign agreement > Funds credited to bank in 24–48 hours.
Make a Direct Payment for Overdue Amount
Capital Dashboard > Credit Facility Dashboard > Make Payment > Alternatively use payment link from SMS reminder.
Apply for Business Loan
Seller Panel > Home screen > Apply Now (next to Business Loan) > Validate mobile number > Adjust loan amount (Rs. 50K–20L) and tenure (6–36 months) > Submit application.
Check CRIF Credit Score
Shiprocket Capital section > Check Your Credit Score > Enter details > Verify OTP > View score.