Frequently Asked Questions*
*and the answers to them, of course
About Advanz
ADVANZ is your company that provides a Zero Cost Line of Credit for SMEs (Small and Medium Enterprises) in India. Its main goal is to support B2B commerce by enabling SMEs to purchase goods from suppliers without upfront costs. ADVANZ uses innovative technology and strategic lending partnerships to facilitate these transactions, offering SMEs flexible repayment options
ADVANZ ensures you receive upfront payments from buyers, improving your cash
flow and ensuring smoother supply chains.
ADVANZ supports a wide range of industries, including manufacturing,
distribution, and retail, particularly focusing on MSMEs.
ADVANZ uses a data-driven approach to assess buyers' creditworthiness,
ensuring you work with trusted partners.
Through a simple, digital process where you invite your buyers to join via
the ADVANZ platform.
As an anchor, you set the interest-free period, which can range up to 90
days.
You can offer flexible repayment terms of 30, 45, 60, or 90 days, depending
on your buyers’ needs.
Yes, you can monitor buyer payments in real-time through the ADVANZ Anchor
Portal.
If the buyer doesn’t repay on time, they bear overdue charges and
interest.
We leverage advanced technology to guarantee smooth and secure transactions
between you and your buyers.
No, ADVANZ facilitates credit lines by partnering with financial
institutions to enable upfront payments for your business.
Yes, you can offer varied payment schedules depending on buyer
agreements.
You receive detailed transaction and repayment reports through the Anchor
Dashboard.
Yes, by receiving upfront payments through the platform, you can better
manage your working capital.
No, there is no minimum buyer requirement to get started with
ADVANZ.
ADVANZ ensures high-level security using encryption to protect all
transactions and sensitive information
The platform automatically calculates any overdue charges and interest,
simplifying the management of late payments.
Buyers must meet basic eligibility criteria such as credit history and
business performance to qualify.
Yes, the platform provides insights into buyer credit scores and repayment
history.
Sign up on the ADVANZ Anchor Portal and complete the digital onboarding
process.
ADVANZ offers dedicated customer support and a help centre to assist with
any queries.
Yes, ADVANZ provides digital tutorials and support to help you navigate the
platform.
ADVANZ primarily focuses on domestic B2B transactions within India.
Yes, you have control over setting credit limits for each buyer based on
their payment capacity.
You receive notifications and can check real-time payment status on the
Anchor Portal.
Buyers have up to 90 days to repay their credit.
Yes, you can incentivize early payments by offering discounts to
buyers.
Yes, ADVANZ allows staggered payouts such as weekly, half-monthly, or
monthly.
Yes, offering zero-cost credit and flexible terms strengthens your buyer
relationships.
No, there is no interest charged to the buyer during the interest-free
period.
The buyer is responsible for any overdue charges and interest after the
interest-free period.
We partner with financial institutions that assess and manage credit
risks.
ADVANZ has protocols in place to address defaults, which may include legal
and financial actions.
Yes, the platform offers performance analytics on buyer behaviour.
Yes, ADVANZ is built to grow with your business, supporting an increasing
number of buyers and transactions.
You can easily invite buyers through the Anchor Portal by sending them a
digital invitation.
Yes, you can limit or terminate access based on the buyer’s performance or
credit risk.
Credit reviews can be done periodically, ensuring that you are working with
creditworthy buyers.
No, there are no subscription fees to use the ADVANZ platform as an
anchor.
Yes, you can request a credit reassessment for a buyer at any time.
Transaction limits depend on the buyer’s credit capacity and can be
customised.
Payments to anchors are made promptly after the transaction, ensuring
consistent cash flow.
Anchors and buyers sign agreements outlining the terms and conditions of the
ADVANZ program..
ADVANZ sends automated reminders to buyers when payments are
overdue.
ADVANZ is primarily designed for businesses but may accommodate individual
entrepreneurs based on eligibility.
Yes, you can onboard all buyers simultaneously or in phases depending on
your strategy.
It is a digital platform where anchors can manage transactions, view
reports, and monitor buyer activity.
Yes, as an anchor, you can incentivize early payments by offering cash
discounts to your buyers through the ADVANZ platform.
For Buyers
ADVANZ is a zero-cost line of credit platform that allows buyers to purchase
goods from their suppliers with no upfront payments, offering flexible repayment
terms.
You can purchase goods from your suppliers and repay within the agreed
credit period, without paying any interest during the interest-free period set
by the supplier.
The interest-free period is the duration set by your supplier, during which
no interest is charged on the amount owed. It can last up to 90 days.
If you fail to repay within the interest-free period, overdue charges and
interest will apply on
You need to meet basic eligibility criteria such as a good credit history
and strong business performance to qualify for ADVANZ’s line of credit.
The application process is fully digital, and typically requires business
financials, credit history, and some basic KYC (Know Your Customer)
documents.
Yes, the entire journey with ADVANZ is 100% digital, from application to
credit approval and repayment.
Once you’ve submitted the necessary documents, credit approval can be quick,
often within 24-48 hours, depending on the volume of applications.
The maximum credit period is 90 days, after which overdue charges and
interest will apply.
Yes, you can select repayment terms ranging from 30, 45, 60, to 90 days,
depending on what your supplier offers.
Yes, ADVANZ offers flexible payment options, including staggered
payments—weekly, half-monthly, or monthly.
No, there are no hidden fees during the interest-free period. After that,
overdue charges and interest may apply.
Overdue charges are penalties applied if you don’t repay within the
interest-free period, as agreed with the supplier
You can repay via the ADVANZ Buyer Portal using various digital payment
methods.
Yes, you can repay early without incurring any penalties, and ADVANZ offers
rewards and a cashback system to buyers if they make early and timely
payments.
Yes, if you maintain a good payment history, your credit limit may be
increased over time.
You can track your credit usage, payment history, and upcoming repayment
deadlines via the ADVANZ Buyer Portal.
Yes, you can use ADVANZ to manage credit lines with multiple suppliers,
provided they are part of the ADVANZ ecosystem.
No, there is no cost for buyers to sign up on ADVANZ.
The interest-free period is set by the supplier, but you can discuss and
negotiate these terms directly with them.
If your application is denied, you will be informed of the reason, and you
can reapply after resolving any issues or improving your credit
profile.
ADVANZ uses advanced encryption and security protocols to protect your data
and transactions.
You can reach out to the ADVANZ customer support team via the portal, email,
or phone for any assistance.
Yes, you can cancel your line of credit, but it’s important to settle any
outstanding amounts before doing so.
Yes, timely repayments can positively impact your credit score, while late
payments may negatively affect it.
If you anticipate a delay in payment, it’s advisable to inform ADVANZ and
your supplier to avoid penalties.
Yes, ADVANZ sends automated reminders via email or SMS before your payment
is due.
Currently, ADVANZ focuses on domestic B2B transactions, but future
expansions may include international trade.
ADVANZ offers rewards and a cashback system to buyers if they make early and
timely payments.
Your total credit limit is set by the lender, but you can utilise this limit
across multiple transactions.
You will be notified, and any outstanding payments will still need to be
settled as per the agreed terms.
Yes, you can request an increase in your credit limit through the ADVANZ
Buyer Portal, subject to approval based on your payment history.
Overdue charges are calculated based on the amount and duration of delay in
payment after the interest-free period.
The Buyer Portal is a digital platform where you can manage your credit,
track payments, and communicate with suppliers.
You can easily update your business information through the settings option
in the Buyer Portal.
Yes, you can stop using ADVANZ at any time, but you must settle any
outstanding payments first.
While ADVANZ handles payments, you can work with your supplier directly to
track order fulfilment.
Currently, ADVANZ primarily supports goods transactions, but service
transactions may be added in the future.
Yes, you can download detailed payment statements from the Buyer
Portal.
Yes, you can switch or add new suppliers as long as they are part of the
ADVANZ platform.
You can reset your password by selecting the ‘Forgot Password’ option on the
Buyer Portal login page.
There is no limit on the number of transactions, as long as you remain
within your credit limit.
Yes, ADVANZ allows you to make partial payments based on the agreement with
your supplier.
ADVANZ offers rewards and a cashback system to buyers if they make early and
timely payments.
ADVANZ does not provide direct access to your credit score, but you will
receive performance analytics based on your payment behaviour.
A higher credit limit may be granted based on factors like your payment
history, business performance, and relationship with suppliers.
Yes, you can manage multiple credit lines simultaneously, depending on your
agreements with various suppliers.
Yes, ADVANZ provides comprehensive digital tutorials to guide you through
using the platform effectively.
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