Purchase Bills Discounting | Bill Discounted Meaning

Purchase Bill Discounting @11.00% Onwards
• Get access to business cash flow
• No impact on balance sheet
• Quick processing

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 types of LC Discounting?

Usually, there are 5 types of letter of credit discounting as below given: -

Revocable
Irrevocable
Transferable
Confirmed
Unconfirmed

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: -

Buyers approach the issuing bank to get LC
Seller used to submit required document to get discount
As per the terms money should be used to order or purchase goods only
Finally, the amount will be credited

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.