Invoice Discounting can be availed by:

•  Individual resident investors
• HUF / Proprietorship registered in India
• Institutional investors
• Banks, NBFCs and other Financial Institutions
• NRI investors (Provided you have an NRO account and comply with basic pre-defined KYC guidelines- Pan card and valid Indian address proof.)

Invoice Discounting is confidential as the details of the customers or buyers are retained with the seller and the customers are not aware of the discounting agreement. In Invoice Factoring, the lender or the factor contacts the buyer for payments and payments are made directly to the bank. No confidentiality of customer information is maintained.

Invoice Discounting does not require any property security as a collateral. Your debtors or your Accounts-Receivable ledger for which you seek finance will be your collateral.

Invoice Discounting will work for you if you have:

• Less bad debts
• Customers who make timely payments
• Customers have a minimum 30 day credit period
• You meet the minimum turnover criteria

• KYC documents of the applicant/co-applicant- PAN card copy, Address proof
• GST registration certificate and GST returns
• Ledger of debtor /debtors for which discounting is required
• 6 months Bank Statements
• Audited financials of the business

Invoice Discounting will depend on the following factors:

• Your business financial requirement
• Your monthly turnover for your business
• Your business visibility
• Active clients in your business
• Invoices outstanding amount

The amount of loan sanctioned to you depends upon your financial requirement and credit assessment. We can grant up to 90% of the invoice value depending upon the terms and conditions.