Credit solutions

Five products.
One philosophy.

Every credit product at Aterna is structured around your business — your cash flow, your collateral, your growth horizon. Not a template.

01
Term Loans

Financing for
the long horizon

Fixed-tenure loans for capital expenditure, expansion, and multi-year projects. Repayment structured around your capacity — not a standard EMI schedule.

Apply for term loan →
Ticket size₹1Cr – ₹100Cr+
Tenure1 year – 7 years
RepaymentMonthly / Quarterly / Bullet — structured to your cash flow
CollateralBusiness assets, property, or hybrid structures
Eligibility2+ years operations, audited financials, clear growth trajectory
Use cases
Capital expenditure — machinery, equipment, plant
New facility setup or geographic expansion
Business acquisition financing
Long-gestation project funding
02
Working Capital

Liquidity that
moves with you

A revolving credit line always available when you need it. Draw, repay, redraw — aligned to your procurement and collection cycle.

Apply for working capital →
Credit limit₹50L – ₹50Cr, reviewed annually
StructureRevolving — draw, repay, redraw within sanctioned limit
InterestCharged only on drawn amount, not the full limit
Tenure12-month facility, renewable on review
Use cases
Inventory procurement before peak season
Bridging delivery to collection gaps
Vendor payments ahead of customer receipts
03
Invoice Discounting

Your receivables,
unlocked today

Stop waiting 60–90 days for customers to pay. Convert outstanding invoices into immediate working capital without diluting equity or taking on long-term debt.

Apply for invoices →
Advance rateUp to 90% of invoice value, upfront
Tenor30–120 days, matching your payment terms
EligibilityInvoices on creditworthy counterparties — corporate, govt, rated entities
ConfidentialYes — your customer relationship stays undisturbed
Use cases
Vendors to large corporates / PSUs with long payment cycles
Exporters managing payment lag from overseas buyers
Service firms with milestone-based billing
04
Structured Credit

Bespoke financing
for complexity

When standard products don't fit, we build the structure from scratch. Hybrid instruments, mezzanine financing, and custom deal architectures for complex capital requirements.

Apply for structured deal →
Ticket size₹25Cr and above, no upper cap
InstrumentsSenior secured, mezzanine, subordinated debt, hybrid
CollateralHighly flexible — designed deal-by-deal
ProcessBegins with a confidential discussion — no standard application
Use cases
Promoter buyouts and management buy-ins
Pre-IPO bridge financing
Acquisition financing for unlisted companies
05
Co-lending

Partnering to expand
credit access

We co-originate with banks under the RBI co-lending framework — combining our underwriting expertise with bank capital to bring better credit to more borrowers at blended rates.

Apply for co-lending →
ModelRBI co-lending framework — NBFC originates, bank co-funds
For borrowersBlended interest rates lower than standalone NBFC lending
For banksPSL compliance, access to Aterna's underwriting pipeline
SectorsMSME, agriculture supply chain, manufacturing, services
Who benefits
SMEs in semi-urban and Tier 2/3 markets with limited bank access
Banks seeking NBFC partnership under RBI guidelines
Borrowers seeking better rates through blended funding

Not sure which fits?

Let's figure it
out together.

Share your situation and we'll tell you honestly which structure makes the most sense for your business.

Apply now →