Bill Discounting

Bill discounting is a type of invoice financing in which funds are issued against unpaid sale invoices. The financial institutions issue an advance to the seller at discounted rates. The business is not required to pledge any asset as collateral. The loan is advanced based on unpaid sale invoices. At the time of maturity of the invoice, the business will collect the payment from its customer and make the repayment to the financial institution.

Banks and other financial institutions may demand any of the following:

  • Documented contract and the payment agreement from both the company and the customer should be agreed upon
  • Purchase order, in response to the sales order, by the concerned customer, is required
  • An invoice raised by the customer for the pending payment is also required
  • As promised by the customers, there should be a Fixed date should be decided for the outstanding payment


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