Guide to Buying Rebar on Credit and Installments with Ahan Resan Financing

Temporary cash shortages are among the biggest challenges of any construction project. It often happens that a project is at a sensitive stage of foundation or column work, yet due to delayed payment of progress statements or a lack of liquidity, the site is on the verge of shutdown. On the other hand, halting purchases in the dynamic steel market in hopes of securing funds later usually means facing inflation and higher prices!

In such a situation, using non-cash methods such as the purchase of check rebar, opening of letters of credit (LC) and bank guarantees is the best solution to move the project forward without sleeping in the workshop. If you are looking for a fast way to register a non-cash order, we suggest you to refer to long-established collections such as Ahan Rasan. Ahanrasan, by providing the possibility to review the conditions of rebar purchase on credit and check, helps builders and contractors to decide according to their budget and project schedule to buy ribbed rebar and supply steel sections. In the continuation of this guide, we will examine the three main methods of buying rebar on credit from Ahanrasan, the benefits, banking bureaucracy and the step-by-step process of each.

Comparison of credit and installment purchase methods of rebar with iron door

To find out which method is most compatible with your workshop's financial conditions, check the table below:

Medium (needs to issue a guarantee)

High and in line with bank credit

1. purchase of rebar check; The fastest solution without the need for prepayment

The check method is the most popular and fastest method of purchasing rebar in installments among builders and urban contractors. In this method, there is no need to go through long banking procedures and the transaction is done based on the credit of the buyer's fishing account. You can register your order in Ahan Rasan without emptying the project cash account and postpone the settlement to the future.

No need for full prepayment: the possibility of placing an order without involving current liquidity.

High speed in loading: as soon as the check is confirmed in the Syad system, the loading is done.

Long-term and flexible repayment: the possibility of adjusting the due date of the checks based on the timing of the financial injection of the project.

One of the important points in non-cash purchases is the accurate estimation of the invoice value based on the daily market price. For example, if you are planning to order checks, be sure to inquire about the price of middle rebar or other popular brands with the ironmonger before finalizing the checks to determine the exact amount of credit required.

Application registration and validation: The buyer registers his application and the validation experts inquire about the status of the fishing account and the buyer's checkbook.

Issuance of pre-invoice and registration of checks: after the agreement on term checks, the buyer registers and approves the check in the Syad system of Central Bank.

Delivery and settlement: the goods are sent immediately to the project address and the check is collected on the agreed due date.

2. Purchase Letter of Credit (LC); High purchasing power and banking security

If you are responsible for providing loads for large construction projects, tower construction or construction companies, buying rebar with LC is the most professional and safest financial tool. A letter of credit is an obligation that the bank issues at the buyer's request to pay the transaction amount if the goods are delivered correctly by the seller.

Why buying rebar credit with LC is a smart choice?

Purchasing without tonnage restrictions: the possibility of providing heavy truckloads without involving working capital.

Full bank supervision of the transaction: The bank checks all shipping documents and cargo quality certificates and then transfers the money.

Lowest fees: Using LC facilities has a much lower bank fee than other commercial loans.

In large credit purchases, choosing the type of tread and cross-section size plays a role in calculating the size of the facility. Most concrete frame projects require A3 standard sections; Therefore, to check the price list and supply materials with facilities, you can refer to Ahan Rasan.

Procedures for opening a letter of credit (LC):

Signing a contract and issuing a pre-invoice: the exact specifications of the cargo (size, brand and standard) are determined and an official pre-invoice is issued.

Presentation to the bank and opening of the credit: the buyer presents the pre-invoice to his agent bank and after depositing the documents, the letter of credit is opened.

Goods inspection and sending documents: goods are loaded, quality inspection is done and shipping documents are submitted to the bank.

Transfer of money and delivery of cargo: The bank approves the documents and transfers the money to the seller at the specified deadline according to the agreement.

3. purchase with bank guarantee; Guaranteed deal for heavy loads

The third method for those who are looking for a rebar purchase loan or long-term facility is to use a "bank payment commitment guarantee". This method is very similar to LC in terms of financial structure, and the bank acts as the buyer's guarantor.

Advantages of buying with a bank guarantee:

Payment after cargo delivery: The buyer is assured that the cargo will be unloaded and quality controlled in the workshop first, then the settlement process will be done.

Increased bargaining power: the seller offers the best price conditions due to the heavy credits of the bank guarantee.

Long-term repayment: the possibility of several months of financial breathing for the project.

Using these methods to buy rebar on credit allows builders to stabilize the amount of cargo required for the next few months without worrying about tomorrow's price fluctuations.

Features of a valid collection for non-cash purchases and wire checks

Using non-cash methods requires cooperation with a supplier who, in addition to having high financial power, has a continuous connection with the banking network. Key features to consider include:

Nationwide coverage: the possibility of sending cargo in installments to all provinces and cities of the country without geographical restrictions.

Diversity in settlement methods: the possibility of accepting fisher's check, LC and bank guarantee according to the buyer's conditions.

Presentation of official invoice: issuance of official invoice with certificate of added value to be submitted to tax offices of companies.

Quality assurance and weighing: loading directly from warehouses or production lines along with providing laboratory analysis sheets.

One of the first and most reliable collections that can be offered is Ahan Rasan Collection, which has made the process of purchasing rebar installments easy for small and large projects all over Iran by providing this facility and full telephone support.