What you mean by Exporter Bill under LC?
Business owners are acquiring funds against Exporter Bill under LC, banks give them the freedom to use the money in advance before receiving the payment dues from the Overseas Banks.
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | |
|---|---|---|---|---|---|
|
6%
|
0.50%
|
5000
|
6
|
|
|
8%
|
0.50%
|
5000
|
6
|
|
|
11%
|
0.50%
|
5000
|
6
|
|
|
8%
|
0.50%
|
5000
|
6
|
|
|
7%
|
0.505
|
5000
|
6
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
6% |
|
|
|
8% |
|
|
|
11% |
|
|
|
8% |
|
|
|
7% |
|
Through this facility an exporter can be able to get quick access to cash with the help of intermediary's financial institutions commitment of payment. It aids for making better cash flow. Get paid for your unpaid export invoices.
Eligibility Criteria depends on various factors like age of individual, repayment history, business sales/turnover& Creditworthiness ...etc.
Note: - You can avail up to 90% of invoice value as a maximum loan amount.
There are top factors that generally affects bill discounting eligibility criteria as given below: -
Creditworthiness: - It's one of the major factors determining the eligibility of applicant. Therefore, if any due payment & late payment found on your credit history it would affect your credit score as well as chances of getting credit.
Size of export order: - Usually, size of export order is considered to evaluate the risk level. As much as the order size will reflect the high & low risk to approve the credit acceptance.
To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.
What you mean by Exporter Bill under LC?
Business owners are acquiring funds against Exporter Bill under LC, banks give them the freedom to use the money in advance before receiving the payment dues from the Overseas Banks.
What is the process to obtain Exporter Bill Discounting?
The process to obtain export bill discounting is become easier, being a business owner, you just start sending goods for exports & raise a quick bill to get finance.
What are the benefits of Exporter Bill Discounting?
This credit facility enables you to get funds against your unpaid invoices wherein you will be able to get much more opportunity to utilize the fund whether for expanding business, taking high level orders.
How Exporter Bill Discounting works?
As a business owner, you are required to send goods for export & quickly raise an invoice to get finance from any financial institution.
What is Exporter Bill Discounting?
Generally, Exporter Bill Discounting is preferred by international trading segments to secure liquidity to have good cash flow of business, this credit facility allows them to acquire short term fund.
What are the key features of Exporter Bill Discounting?
Aiding Business Working Capital: - One of the main features of Bill Discounting is it provides quick access to liquidity against your unpaid bills & aid to enhance business cash flow.
No Collateral required: -Though this facility it won’t ask for any Collateral/assets to pledge to get fund as it's a Collateral-free Loan.
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CA Vikas Jain - Chief Advisor
Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...
Read MoreCA Vikas Jain - Chief Advisor
Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...
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