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Agri Invoice Discounting

• Expand your business cash flow
• Save your time from comparing various lenders
• Simplified document processing
Enquiry Form
Agri Invoice Discounting
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Loan (Lacs) Maximum Tenure (Month)
Bank Name Min Interest Rate
₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by Agri Invoice Discounting Eligibility Criteria?

This facility offers you the flexibility to get quick access to liquidity against unpaid invoice & aid to have better cash flow of business. Invoice discounting come with 2 types one as short term & another one as long term.

Agri Invoice Discounting Eligibility Criteria

Eligibility Criteria depends on several factors like repayment history, business sales/turnover& Creditworthiness ...etc.

  • • Applicant age should in-between 25 – 60 years
  • • Farms, Producers & Growers can apply
  • • Resident of Indian

What are the factors generally affecting Agri Invoice Discounting Eligibility Criteria?

There are top factors that generally affects invoice discounting eligibility criteria as given below: -

Due to outstanding Debt: - Lender check whether you are paying debt to any existing loan, if you are then make sure you clear it earlier before planning to avail a new loan.

Incomplete Documentation: - Getting a loan from banks & NBFC’s require proper & complete document in terms of checking your originality & financial creditworthiness status, due to lack of incomplete document your loan application will be rejected.

What are the ways to increase Agri Invoice Discounting eligibility?

To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.

Extra attention on credit card utilization: - Credit card utilization is the indicator of your credit usage, generally 30% ratio of utilization considered to secure from affecting credit history, this aid to boost credit score as well as the eligibility too.

Maintain good credit record: - To maintain good credit record you are required to ensure that all payments are made on time which is effective for letting it better. Apart from that consider to do minimal usage of credit card as these will enhance your loan edibility.

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
Frequently Asked Questions

What is agri invoice discounting?

Agri invoice discounting allows you to get immediate cash against your unpaid receivables in short period of time.

What are the benefits of agri invoice discounting?

  • Loan at competitive interest rates
  • It do fast funding in less time
  • Flexible tenure facility
  • No more debt

Who are eligible for agri invoice discounting?

Who are eligible for agri invoice discounting? 

To know your eligibility, you need to check the common eligibility criteria of agri invoice discounting: -

  • Minimum 3 years of business vintage
  • You must be resident of Indian
  • Promoter should have good credit history
  • Applicant must be a trader, processor or farmer

What will be the maximum loan amount for agri invoice discounting?

There are various factors that determine maximum loan amount, in case-to-case things get varied.

What are the necessary documents required?

  • 2 Passport sized photographs
  • Latest 1 year Bank Statement
  • Office address proof
  • Land documents
  • Personal identity & residential proof

How much processing fee will be charged for agri invoice discounting?

Usually, Lender impose an fee for processing loan applications which would be 0.50% - 1.50% of total loan amount vary from banks to banks.

How much Credit score required for w agri invoice discounting?

Make sure you always maintain a good credit score, not only it help you in getting loan easier but also help you to negotiate better interest rates offered by banks at the time of application.

Related Topics

credit-report
business Credit Report
Improve Credit Report
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Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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