Is getting a lc discounting is good or bad?
It considered to be good way to strengthen business liquidity.
| Bank Name | Min Interest Rate | Document Handling Charge | Discripency Charge | |
|---|---|---|---|---|
|
6.50% - 7.50%
|
1500
|
500
|
|
|
7.50% - 8.50%
|
1500
|
500
|
|
|
7.50% - 8.50%
|
1500
|
500
|
|
|
7.50% - 8.50%
|
1500
|
500
|
|
|
7.00% - 8.00%
|
1500
|
500
|
|
|
7.50% - 9.00%
|
1500
|
500
|
|
|
8.00% - 9.00%
|
1500
|
500
|
|
|
7.00% - 8.00%
|
1500
|
500
|
|
|
6.50% - 7.50%
|
1500
|
500
|
|
|
8.00% - 9.00%
|
1500
|
500
|
|
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|
7.50% - 8.50%
|
1500
|
500
|
|
|
8.00% - 9.00%
|
1500
|
500
|
|
|
6.50% - 7.00%
|
1000
|
500
|
|
|
7.00% - 9.00%
|
1000
|
500
|
|
|
8.50% - 9.50%
|
1000
|
500
|
|
|
7.50% - 8.50%
|
1000
|
500
|
|
|
7.00% - 8.00%
|
1000
|
500
|
|
|
7.50% - 9.00%
|
1000
|
500
|
|
|
6.00% - 7.00%
|
1000
|
500
|
|
.png)
|
6.00% - 7.00%
|
1000
|
500
|
|
|
7.50% - 9.00%
|
1000
|
500
|
|
|
7.50% - 9.50%
|
1000
|
500
|
|
|
6.00% - 7.00%
|
1000
|
500
|
|
|
7.50% - 8.50%
|
1000
|
500
|
|
|
8.00% - 9.00%
|
1000
|
500
|
|
|
8.00% - 9.00%
|
1000
|
500
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
6.50% - 7.50% |
|
|
|
7.50% - 8.50% |
|
|
|
7.50% - 8.50% |
|
|
|
7.50% - 8.50% |
|
|
|
7.00% - 8.00% |
|
|
|
7.50% - 9.00% |
|
|
|
8.00% - 9.00% |
|
|
|
7.00% - 8.00% |
|
|
|
6.50% - 7.50% |
|
|
|
8.00% - 9.00% |
|
|
|
7.50% - 8.50% |
|
|
|
8.00% - 9.00% |
|
|
|
6.50% - 7.00% |
|
|
|
7.00% - 9.00% |
|
|
|
8.50% - 9.50% |
|
|
|
7.50% - 8.50% |
|
|
|
7.00% - 8.00% |
|
|
|
7.50% - 9.00% |
|
|
|
6.00% - 7.00% |
|
|
|
6.00% - 7.00% |
|
|
|
7.50% - 9.00% |
|
|
|
7.50% - 9.50% |
|
|
|
6.00% - 7.00% |
|
|
|
7.50% - 8.50% |
|
|
|
8.00% - 9.00% |
|
|
|
8.00% - 9.00% |
|
Generally, LC sale bill discounting facility are offered by banks on seller issuing. Where seller required to submit mandatory documents or invoice bill for discounting on applicable charges. Even any company can able to issue, only them are eligible to avail this facility who match some requirements.
Usually, LC sale bill Discounting Eligibility Criteria depends on several factors like age of applicant, business income of co-applicant & residency..etc.
Any business that supplies goods/services to large blue-chip companies can avail the bill discounting services provided by Finance seva. Eligibility and amount of discounting is governed by the creditworthiness of the business and therefore they should be willing to share their financial information and other related documents.
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.
How letter of credit discounting works on?
Sellers request a letter of credit from buyer before the goods get delivered, seller wants the guarantee of money to pay on time without any default. Follow Below mentioned workflow of 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.
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 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: -
What are the document required for lc discounting?
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