GST BillPay Loan Product from JiT Finco

By Praveen Hari

I have been an entrepreneur for 8 years now and recently co-founded JiT Finco is help MSME gain access to sustainable finance. I am a huge fan of the idea of using data and digital to innovate in the area of MSME finance. I have been a passionate advocate of cash flow based lending to bridge the MSME Finance gap in India. Living the dream of impacting a million MSME through sustainable finance.

Over the last few months we have spoken to a lot MSMEs. The goal was to understand what keeps them up at night. Around 80% of them are simply worried about their monthly GST dues that they have to clear on the 20th of every month. Most of the entities we spoke to are small and medium businesses and include proprietorship to partnership firms to private limited companies. Most of them have receivables way more than their GST dues. They needed a small loan for paying their GST dues and we thought we could help them.

JiT Finco‘s GST BillPay Loan Product is for micro and small businesses that need help to pay their GST dues. It is designed to eliminate most of the friction from the loan process. A small business owner only needs to provide us with KYC documentation, last 6 months GST transaction data and value of his 90 day receivables and we use the data to make a loan decision almost instantly. Post the loan decision, the SME owner will sign the loan contract and can create a GST Challan for the payment to be made.  JiT Finco will pay the amount on the GST portal against the SMEs GST challan and convert that amount to a loan for the SME.

GST Loan Product Summary

We offer this for MSMEs with GST Number

Loan for GST payment only

Payment will be made against the challan directly

Average Tenure – 90-120 days

Interest Rate – 11-16%

Collateral Required – No

If you are an MSME and want to avail this loan for making your GST payment, please WhatsApp us on +91 84310 75020 or write to us at


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