FAQ

Altai Finance FAQ

  • 1How is the loan structured?

    We approve a credit limit of between $10,000 and $150,000. As a general rule we can fund up to 70% of your average monthly sales.

  • 2Do I qualify for a credit line?

    To qualify you need to have been actively trading for at least 9 months and have an average minimum turnover of $20,000 per month for the last 6 months.

  • 3When will I receive my funds?​

    Your Credit Line will be approved within 2 business days. Once approved, applications for drawdowns will be approved and funded within 6 hours during business hours.

  • 4Stock Finance - How Does it Work?​

    The Stock Finance product is used to purchase stock. You provide an invoice from your supplier, ALTAI Finance pays it, and provides payment details to you for follow-up.

    You choose a loan term of 4, 8 or 12 weeks each time you draw down. There is a one-time, up-front flat fee, added to the amount you repay. The upfront fee varies with the term you have chosen. Repayments for each draw down are weekly over the term. Aside from the upfront fee on each draw down, there are no interest or account keeping fees.

  • 5What information do we need to provide?​

    We send you a link for a bank statement upload, which is the primary tool to assess you. ​

    We will do a credit check, with your permission.​

    In some cases we may ask for other financial information as well.​

    We require ID from all of the signatories to the loan agreement.​

  • 6How will my information be protected​?

    Your information will be used strictly for the purpose of approving and extending credit to you, in accordance with our privacy policy.​

    ALTAI Finance will never pass on your information for commercial purposes.

  • 7What happens if I cannot make a repayment?

    ​You should contact us ASAP to discuss a solution.