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Exporter Bill Discounting

• Get access to business cash flow
• No impact on balance sheet
• Quick processing
Enquiry Form
Exporter Bill Discounting
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Loan (Lacs) Maximum Tenure (Month)
12
2
23
36
Bank Name Min Interest Rate

12
₹
₹ 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 Export bill discounting Eligibility Criteria?

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.

Export bill discounting Eligibility Criteria

Eligibility Criteria depends on various factors like age of individual, repayment history, business sales/turnover& Creditworthiness ...etc.

Eligibility Criteria

  • • Age Limit of Individuals - 22 to 60 years
  • • Should have good credit record
  • • All business involved in supplying goods & services
  • • Minimum 3 year of exporting business continuity

Note: - You can avail up to 90% of invoice value as a maximum loan amount.

What are the factors generally affecting Export bill discounting Eligibility Criteria?

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.

What are the ways to increase Export bill discounting eligibility?

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

Documents Required
  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. Photographs 2
  2. PAN Card Copy
  3. AADHAR CARD + PASSPORT
  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  5. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  6. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  7. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  8. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  9. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  10. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  11. Photographs 2
  12. PAN Card Copy
  13. AADHAR CARD + PASSPORT
  14. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  15. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  16. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  17. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  18. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  19. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  20. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PHOTOGRAPH BOTH
  2. PAN CARD CLEAR COPY PROPRIETOR.
  3. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
  4. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  6. LAST 1 YEAR GST RETURN COPY
  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
  10. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  11. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  12. AGREEMENT TO SELL COPY
  13. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  14. PHOTOGRAPH BOTH
  15. PAN CARD CLEAR COPY PROPRIETOR.
  16. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
  17. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  18. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  19. LAST 1 YEAR GST RETURN COPY
  20. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  21. PROVISIONAL FINANCIAL AY 2019-20
  22. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
  23. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  24. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  25. AGREEMENT TO SELL COPY
  26. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  1. PHOTOGRAPH PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  4. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST Return last 1 years
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
  14. Agreement To Sell copy
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  16. PHOTOGRAPH PARTNERS
  17. PAN CARD - COMPANY, ALL PARTNERS
  18. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  19. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  20. PARTNERSHIP DEED COPY
  21. GST CERTIFICATE
  22. GST Return last 1 years
  23. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
  24. PROVISIONAL FINANCIAL AY 2019-20
  25. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  26. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  27. ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
  28. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
  29. Agreement To Sell copy
  30. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  3. ADDRESS PROOF – COMPANY AND DIRECTORS.
  4. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM
  6. ORDER IN HAND AND COMPLETE COPY (if applicable)
  7. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
  8. 1 YEAR GST RETURNS
  9. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  10. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  11. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  12. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  13. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  14. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  15. AGREEMENT TO SELL COPY
  16. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
  17. ALL DIRECTORS PHOTOGRAPH
  18. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  19. ADDRESS PROOF – COMPANY AND DIRECTORS.
  20. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  21. MEMORANDOM
  22. ORDER IN HAND AND COMPLETE COPY (if applicable)
  23. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
  24. 1 YEAR GST RETURNS
  25. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  26. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  27. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  28. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  29. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  30. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  31. AGREEMENT TO SELL COPY
  32. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently Asked Questions

What you mean by export bill under LC?

Business owners are acquiring funds against export bills 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 export 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 export 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 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 export bill discounting?

Generally, export 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 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.

Related Topics
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Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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