Introduction

The credit policy at Faisal-e-Mart outlines the terms and conditions under which credit is extended to customers. This policy is designed to ensure a smooth and transparent transaction process for both the customers and vendors.

Eligibility for Credit

Credit is available to customers who have demonstrated a good payment history and have been approved by Faisal-e-Mart. Eligibility criteria may include factors such as order history, payment patterns, and creditworthiness.

Credit Limits

Each customer approved for credit will be assigned a credit limit based on their creditworthiness and order history. This limit will be reviewed periodically and may be adjusted based on the customer’s payment behavior and other factors.

Payment Terms

Payments for purchases made on credit must be made within the specified terms, typically 30 days from the invoice date. Failure to pay within the terms may result in late fees, interest charges, and the suspension of credit privileges.

Default and Collections

If a customer defaults on their payment, Faisal-e-Mart reserves the right to take appropriate actions, including suspending the customer’s account, engaging a collections agency, and taking legal action to recover the outstanding amounts.

Changes to Credit Terms

Faisal-e-Mart reserves the right to modify the credit terms and conditions at any time. Customers will be notified of any significant changes to the credit policy.

Contact Us

For any questions regarding the credit policy, please contact our customer support at [insert contact details].