Payment recovery is a critical and tough task in any business. Slow payment recovery affects the business adversely. It creates a liquidity crunch. In that case, managing big/new orders or even running day-to-day business activities becomes challenging. Hence, Unsecured Bill Discounting is an effective solution to keep the liquidity of your business intact. The bill discounting can be done against the sales bill or the purchase bill. Amount up to 80% of the invoice value is accessible after discounting the bill. Repayment is to be done within a stipulated period. The simple procedures of this facility make it a good alternative to term loans or overdraft facilities.
Unsecured Bill Discounting Facility Bank : NBFC’s
Loan Amount :
Up to Rs. 25Cr. for Sales Bill Discounting
Up to Rs. 5Cr. for Sales Bill Discounting
Security Required : No security/ Debtor / Stock Statement is required .
ESCROW Account Applicability : For Sales Bill Discounting
Revolving Period : 90 to 120 days limit for each bill
Limit Renewal : Every year for Sales Bill Discounting and Purchase Bill Discounting
Bill Discounting :
For Purchase Bill discounting at 60-70% of the total bill value
For Sales Bill discounting at 80% of the total bill value
Requirement :
Online Portal is required for billing tracking
Supplier Company must be a private limited / Limited company and rated by external credit rating agencies
We recommend you check loan-related expenses during the loan process while enquiring about the loan.
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