Purchase Finance

Sales bill discounting is a type of business loan where the seller can get money against the bills that are yet to be paid by their customers. The loan is offered at a discounted invoice value and can be repaid after the customer pays the actual bill after the agreed credit period.

Purchase Invoice Finance is primarily offered against purchase invoices for quick fund of funds to businesses so that it can meet its day-to-day purchase requirements conveniently.

Features of Bill Discounting Loan:

  • Interest rate starts from 18%
  • Security/Guarantee not required for higher rated business enterprises
  • Loan repayment tenure is up to 4 months