Bill Discounting is product for Short Term Working Capital finance, designed to bridge Working Capital needs. You get paid in advance for the trade receivables (Domestic or Export) before they are due from the buyer’s Bank as per accepted specified tenor. Discount charges are deducted up front from the proceeds.
Type of Facility- Short Term
Features and Benefits
- Discount of Usance Trade/Commercial Bill accepted by a Bank for due date
- Self Liquidating
- Availability of Immediate Cash – Enhancement of Liquidity
- Better Interest Rate than any other credit
- Flexibility in Quantum and Tenor
- No Need of Collateral
All forms of legal entities engaged in trading, manufacturing or other productive economic activities with sanctioned credit limits. Please contact Bank for credit facilities.
- Trade License
- Original Export Letter of Credit (LC)
- Documents as per LC terms
- Assignment of Proceeds.
Terms & Conditions Apply
Letter of Guarantee
Carry out international transactions and receive protection from financial loss.
Letters of Credit
Expand your business into new areas with customized trade terms and conditions.
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