Singhal Credit Wallet

Introducing our Singhal Credit Wallet system, an in-house innovation designed to streamline your purchasing process by eliminating immediate cash concerns. This B2B credit facility works by analysing your spending patterns and transaction history to provide you with a pre-approved credit limit for buying IT products from our platform. Similar to bank credit cards, you receive a fixed repayment period.

To access this convenient credit, simply explore the Singhal Credit Wallet seamlessly integrated into our B2B App and website.

FAQs

1. How much money can be taken on credit?
   You can get up to Rs 5 lakh as the maximum credit limit on Singhal Credit Wallet, which is subject to your previous transaction records with us.
2. What is the maximum repayment time for credit?
   You get a full 15 days to repay the credit amount from the date of booking the order.
3. What if I repay early?
   For our loyal customers, we’ve an assured cashback reward for every early repayment of an order.
4. What are the documents required to avail the credit facility?
   Here are the required documents for applying for credit facility:
   • GST Certificate/MSME certificate/Business Proof
   • Owner Aadhaar Card and PAN Card
   • Limit Amount Cheque in favor of Singhal Infosystems Pvt Ltd (Need official seal along with sign without mentioning date)
   • Letter Head with Seal and Sign
   • Sign Online Agreement of Credit

Singhal Credit Wallet: Terms & Conditions

1. To use the Singhal Credit Wallet, you must be a registered buyer on the Singhal B2B Platform.
2. You need to have completed five or more transactions on the Singhal B2B app using prepaid payment methods within the current financial year.
3. Credit charges will be included in your invoice at the time of billing.
4. Credit charges are (Currently 0%) of the total invoice value (including GST) for a 15-day credit period. The credit period starts on Day 0, which is your order placement date.
5. If you exceed the 15-day credit limit, a penalty of 1.5% will be applied daily from day 16 to day 30. If payment, including penalties, isn't received within 30 days, Singhal Infosystems Pvt Ltd reserves the right to initiate recovery actions based on your credit limit agreement.
6. You can settle your outstanding balance by paying into our bank account using any of our accepted payment methods.
7. Paying your outstanding amount within 1 to 15 days will qualify you for an automatic cashback credited to your wallet.
8. Your credit limit will be re-evaluated every three months based on your usage and repayment history.
9. Singhal Infosystems Pvt Ltd reserves the right to withdraw your credit limit at any time without prior notice.
10. Any disputes fall under the jurisdiction of Tonk (Rajasthan).
11. Singhal Credit Wallet terms & conditions can be changed anytime without prior notice.