FA, 2020 amendment increasing...
Bank Name | Key Features | |
---|---|---|
|
Interest rate
11.00% - 14.00%
Fore closure charge
2 |
|
|
Interest rate
16.00% - 18.00%
Fore closure charge
2 |
|
|
Interest rate
10.00% - 13.00%
Fore closure charge
2 |
|
The seller wishes to get paid immediately and the buyer wants as longer credit period as possible. Purchase Bill discounting is the solution to the problem which creates a win-win situation. The seller gets money almost instantly on payment of a charges and is able to satisfy its customer with credit period.
The business gets the cash instantaneously giving business cycle a better momentum. It allows an entrepreneur to do business without funds. This works like a bank overdraft, the borrower pays the interest only on the amount of money utilized. There is a tough competition in the market to extend such credit and hence there are a plenty of different products to suit the needs of the client. There are borrowers who even cover the risk of bad debt alon
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