Invoice/Certificate Discounting

Get cash advances on unpaid invoices

Invoice/Certificate Discounting

We provide a short-term facility through purchasing invoices, bills of exchange or promissory notes from contractors/suppliers with a maximum tenor of 120 days, availing the funds in advance of the credit period with the buyers.

Features

  • The bank typically does the discounting with recourse to the supplier

Benefits

  • We finance 80% of the amount of the invoice

Requirements

  • Discounting facility or payment guarantee in favour of the bank
  • Customer's letter of request
  • Invoices and/or bills of exchange and/or certificates of work done
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