Invoice Loan
It is a loan facility of which limit is determined by considering such criteria as maturity of receivables and the payment capacity of the debtor, against the (billed) receivables of your business from the firms to which you supply goods and services, not secured by checks, promissory notes etc.
- Maximum loan amount to be utilized is 75% of the invoice.
- Loan Maturity may be either with interim payments or payment at final maturity depending on maturity of receivable.
- The most important factor for the Loan to Your Invoice is that the debtor must be a reputable and respected firm that is capable to fulfill his payment obligation. The security for the loan will be “assigned” for receivable, considering the debtor’s payment capacity and loanability.