| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | |
|---|---|---|---|---|---|
|
6%
|
1%
|
2500
|
6
|
|
|
6%
|
1%
|
2000
|
6
|
|
|
7%
|
1%
|
2500
|
6
|
|
|
8%
|
1%
|
2500
|
6
|
|
|
8%
|
1%
|
2000
|
6
|
|
|
8%
|
1%
|
2000
|
6
|
|
|
8%
|
1%
|
2000
|
6
|
|
|
7%
|
1%
|
2000
|
6
|
|
|
8%
|
1%
|
2500
|
6
|
|
|
8%
|
1%
|
2500
|
6
|
|
|
8%
|
1%
|
2500
|
6
|
|
.png)
|
8%
|
1%
|
2500
|
6
|
|
|
7%
|
1%
|
5000
|
6
|
|
|
8%
|
1%
|
2500
|
6
|
|
|
9%
|
1%
|
5000
|
6
|
|
|
7%
|
1%
|
5000
|
6
|
|
|
6%
|
1%
|
2500
|
6
|
|
|
9%
|
1%
|
|
|
|
|
7%
|
1%
|
2500
|
6
|
|
|
8%
|
1%
|
5000
|
6
|
|
.png)
|
5.50%
|
1%
|
2500
|
6
|
|
|
6%
|
1%
|
5000
|
6
|
|
|
6%
|
1%
|
2500
|
6
|
|
|
5%
|
1%
|
2500
|
6
|
|
|
5.50%
|
1%
|
2500
|
6
|
|
|
6%
|
1%
|
5000
|
6
|
|
|
7%
|
1%
|
2500
|
6
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
6% |
|
|
|
6% |
|
|
|
7% |
|
|
|
8% |
|
|
|
8% |
|
|
|
8% |
|
|
|
8% |
|
|
|
7% |
|
|
|
8% |
|
|
|
8% |
|
|
|
8% |
|
|
|
8% |
|
|
|
7% |
|
|
|
8% |
|
|
|
9% |
|
|
|
7% |
|
|
|
6% |
|
|
|
9% |
|
|
|
7% |
|
|
|
8% |
|
|
|
5.50% |
|
|
|
6% |
|
|
|
6% |
|
|
|
5% |
|
|
|
5.50% |
|
|
|
6% |
|
|
|
7% |
|
LC discounting are short-term facility is offered by banks which aid to reduces applicable charges levied on exporter bill invoice by purchasing the bills or documentation of exporter once he/she successfully done the required payment. However, you need to check criteria to avail this facility.
Usually, LC Discounting Eligibility Criteria depends on various factors like age of applicant, monthly salary or business income of co-applicant & residency..etc.
How LC Discounting discounting works on?
Is getting a LC Discounting is good or bad?
It considered to be good way to strengthen business liquidity.
What is the current interest rates of LC Discounting?
LC Discounting charges starting at 6.00% onwards.
Who are eligible for LC Discounting?
Any company whether it’s a proprietorship/private limited/partnership company. Business minimum continuity should be 5 years & turnover should be 100 crores.
What are the document required for LC Discounting?
What are the key features of Letter of Credit Discounting?
Through the facility seller get able to lower the risk & respectively increases payment guarantee.
This type of advance payment helps in getting working capital which enhance good quality took place as the cash flow of business is strong.
What is LC Discounting?
Letter of Credit Discounting is an ideal way of financing. The various financial institution offers facility where it provides the guarantee of money be paid to seller if buyer default to pay the sum of amount.
What are the types of LC Discounting?
Usually, there are 5 types of Letter of Credit discounting as below given: -
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Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...
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