K&S Loan Mentors
We Are Happy To Help Our Customer to Achieve Their Financial Goals
We Are Happy To Help Our Customer to Achieve Their Financial Goals
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Sometimes, businessmen/sellers cannot wait for the credit period for their sold goods because of the urgent need for money. In such cases, they take the option of bill discounting loans where the banks or NBFCs provide the amount of money a bill of the sold goods states (after deducting the commission). Here, the buyer verifies the invoice for purchased goods and the lending authority gives the money to the seller on behalf of the buyer. These types of loans help both the buyer and the seller as the buyer gets the credit period whereas the seller gets money without needing to wait for the credit period.
If want to apply for a Bill Discounting, you must meet the following criteria.
| Age Limit | The applicant should be min 21 years & max. 65 years. |
| Income | Business should be profit making at least for the past 3 years |
| Turnover | Rs. 250,000 p.a. should be the minimum annual income |
| Co-applicants | Business should be profit making at least for the past 2 years |
| Audited | We accept only audited financials by CA. |
| Cash flow | On the other hand, we denounce with righteous indignation. |
| Type of the Business | Proprietorship, Partnership, Pvt.Ltd. or Public Ltd. |
If want to apply for a Bill Discounting, you must have the following document.
Your entire borrowing process simple and user friendly You can get your loan funded in as little as 48 hours
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
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Have questions? Here’re the answers.
Yes, NBFCs offer bill discounting lending, and they are considered better than those provided by the banks.
The repayment period for this bill discounting funding is the same as the credit period of the invoice.
Yes, bill discounting lending is a type of business loan.