What is our Buyer Finance Scheme?

We have built a large buyer community for our e-selling services, who are regular participants in our e-selling events. We have introduced a working capital finance scheme to our buyer community to enable them to access finance through us at competitive costs so as to facilitate auction material purchases. This has been offered by partnering with leading private sector banks and NBFCs in the country.


Our Buyer Finance Scheme aims to:

  1. Increase auction participation for sellers
  2. Increase Net Realisation for sellers due to competitive cost of funds
  3. Increase "Buyer Base" for sellers due to easy availability of funds
  4. Disintermediation of unorganized players acting as financial intermediaries to bring about financial discipline in the entire supply chain


  1. Auction participants of metaljunction /coaljunction
  2. Minimum association of 3 years with coaljunction / metaljunction
  3. Minimum sales turnover should be INR 80 Lacs for metaljunction auction participants and INR 3 Crore for coaljunction auction participants
  4. Positive Profit After Tax (PAT) for last 3 years
  5. Dependency of minimum 35% on coaljunction / metaljunction
  6. No delay in payment to CIL/subsidiary in the preceding 24 months
  7. Name of buyer/promoter should not appear under RBI/CIBIL’s defaulter list

Value Proposition (Auction Participants / Buyers)

financejunction will be the Single Point of Contact for the Auction Participants for all their auction related finance needs.

  • Increased

    auction participation

  • Competitive

    cost of fund

  • Easy

    one time

  • Online

    transfer of money
    to the seller

  • Flexible Limits

    based on
    business needs

  • No collateral

    security required*

  • Increased

    buying power due to
    added liquidity

  • Flexible Tenure between 30-90 days

    to repay the loans

  • Additional

    working capital
    (over and above
    existing finance

  • Elimination

    of unorganised
    players acting as

* (up to specified limit and depending on financial and business profile of buyer)

Role of financejunction

Financejunction plays the role of expert facilitator.

  1. Market making for the Auction Participants
  2. Document collection from Eligible Bidders
  3. Liaison with Partner Banks for Limit Setting
  4. Authorization of Mandates for disbursement
  5. Ensure Payment Discipline for the programme


  1. Number of Bidders on Board 35
  2. Transaction Value of 400 Crs
  3. Multiple Partner Banks & Financial Institutions tied up with Online Disbursement mode for selected Auction Participants
  4. Good Payment Track Record