Obtain immediate cash flow by discounting your bills before the due date.
Tailored solutions to meet the varying financial needs of your business.
Unsecured financing option, utilizing your invoices or bills receivable as collateral.
Streamlined procedures for a hassle-free borrowing experience.
Enjoy competitive rates, allowing cost-effective financing for your business.
Option to discount a portion of the bill, providing flexibility in managing cash flow.
Clear and straightforward terms and conditions, ensuring clarity for both parties.
Monitor and manage your bill discounting transactions conveniently through online platforms.
Address short-term financial requirements without impacting long-term capital.
Seize growth opportunities by accessing funds for expansion, marketing, or new projects.
Ensure timely payments to suppliers, avoiding disruptions in the supply chain.
Eliminate the risk of late payment penalties and maintain a positive vendor relationship.
Repay the borrowed amount once your customers settle their invoices, easing cash flow pressures.
Build trust with suppliers by offering prompt payments through bill discounting.
Navigate seasonal fluctuations in sales with a reliable source of working capital.
Read on to know the criteria required to apply for our Bill Discounting Loan.
Business Entity : The applicant should be a registered business entity such as a partnership firm, sole proprietorship, private limited company, public limited company, LLP (Limited Liability Partnership), etc.
Operational History : The business should have a certain operational history, often ranging from 6 months to 3 years, depending on the lender.
Creditworthiness : The applicant's creditworthiness, repayment history, and financial stability are crucial factors. A good credit score is usually required.
Bills of Exchange : The business should have bills of exchange or promissory notes from creditworthy customers, which are due for payment within a short period.
Nature of Business : Lenders might have specific requirements based on the nature of the business. Some industries might be considered riskier than others.
Compliance : The business should be compliant with all statutory regulations and tax laws.
An EMI calculator is a useful tool that can help you estimate the monthly installments you will have to pay towards your Bill Discounting Loan within a specific period. By using the Noble Fintech Advisory EMI calculator, you can calculate your EMI beforehand, which can help you plan your finances better. Additionally, you can check your eligibility and compare different loan options using Noble Fintech Advisory Bill Discounting Loan calculator.
1) Duly filled and signed loan application form provided by the lender.
1) Business bank account statements for the last 6 to 12 months to assess the cash flow and transaction history.
1) Original bills of exchange or promissory notes that the business wants to discount.
1) Copies of invoices raised on customers for the goods/services provided.
Know Your Customer (KYC) documents of the business owners, directors, partners, etc. These include:
1) Aadhaar Card
2) Pan Card
3) Passport
4) Voter ID
5) Driving License
Depending on the type of business entity, the following documents might be required:
1) Certificate of Incorporation
2) Partnership Deed
3) GST Registration Certificate
4) Memorandum and Articles of Association
5) Trade License
1) Profit and Loss Statement
2) Balance Sheet
3) Cash Flow Statement
4) Tax Audit Reports
1) Copies of GST returns filed by the business.
2) Ownership Proof of Property (if any): If the business is providing any property as collateral, documents proving ownership of the property will be required.
3) Others: Any other documents specific to the lender's requirements or the nature of the business.
A Bill Discounting Loan is a type of short-term loan that businesses often use to improve their cash flow. It involves a bank or financial institution buying the invoice issued by a business to its customer at a discounted price.
The process starts when a business provides goods or services to a customer and sends an invoice. Instead of waiting for the full payment from the customer, the business can go to a bank for a Bill Discounting Loan. The bank gives the business a part of the invoice amount upfront, usually with a fee. When the customer pays the full invoice, the bank receives the total amount, completing the transaction.
Businesses that have invoices from reliable customers can benefit from Bill Discounting Loans. These are usually businesses that provide goods or services on credit and need immediate cash flow.
Better Cash Flow: Businesses get quick funds against their invoices, helping them with daily expenses, paying staff, or investing in growth.
No Need for Collateral: Bill Discounting Loans are often unsecured, so businesses don't need to offer assets as security.
Flexibility: Businesses can choose which invoices to discount, based on their immediate cash flow needs.
While both involve selling invoices for cash, there's a key difference. In Bill Discounting, the business remains responsible for collecting payment from the customer. In Factoring, the financial institution not only provides cash but also handles the collection of payment.
The time can vary, usually taking a few days to a couple of weeks, depending on the bank and required documents.
Obtain immediate cash flow by discounting your bills before the due date.
Tailored solutions to meet the varying financial needs of your business.
Unsecured financing option, utilizing your invoices or bills receivable as collateral.
Streamlined procedures for a hassle-free borrowing experience.
Enjoy competitive rates, allowing cost-effective financing for your business.
Option to discount a portion of the bill, providing flexibility in managing cash flow.
Clear and straightforward terms and conditions, ensuring clarity for both parties.
Monitor and manage your bill discounting transactions conveniently through online platforms.
Address short-term financial requirements without impacting long-term capital.
Seize growth opportunities by accessing funds for expansion, marketing, or new projects.
Ensure timely payments to suppliers, avoiding disruptions in the supply chain.
Eliminate the risk of late payment penalties and maintain a positive vendor relationship.
Repay the borrowed amount once your customers settle their invoices, easing cash flow pressures.
Build trust with suppliers by offering prompt payments through bill discounting.
Navigate seasonal fluctuations in sales with a reliable source of working capital.
Business Entity : The applicant should be a registered business entity such as a partnership firm, sole proprietorship, private limited company, public limited company, LLP (Limited Liability Partnership), etc.
Operational History : The business should have a certain operational history, often ranging from 6 months to 3 years, depending on the lender.
Creditworthiness : The applicant's creditworthiness, repayment history, and financial stability are crucial factors. A good credit score is usually required.
Bills of Exchange : The business should have bills of exchange or promissory notes from creditworthy customers, which are due for payment within a short period.
Nature of Business : Lenders might have specific requirements based on the nature of the business. Some industries might be considered riskier than others.
Compliance : The business should be compliant with all statutory regulations and tax laws.
1) Duly filled and signed loan application form provided by the lender.
1) Business bank account statements for the last 6 to 12 months to assess the cash flow and transaction history.
1) Original bills of exchange or promissory notes that the business wants to discount.
1) Copies of invoices raised on customers for the goods/services provided.
Know Your Customer (KYC) documents of the business owners, directors, partners, etc. These include:
1) Aadhaar Card
2) Pan Card
3) Passport
4) Voter ID
5) Driving License
Depending on the type of business entity, the following documents might be required:
1) Certificate of Incorporation
2) Partnership Deed
3) GST Registration Certificate
4) Memorandum and Articles of Association
5) Trade License
1) Profit and Loss Statement
2) Balance Sheet
3) Cash Flow Statement
4) Tax Audit Reports
1) Copies of GST returns filed by the business.
2) Ownership Proof of Property (if any): If the business is providing any property as collateral, documents proving ownership of the property will be required.
3) Others: Any other documents specific to the lender's requirements or the nature of the business.
An EMI calculator is a useful tool that can help you estimate the monthly installments you will have to pay towards your Bill Discounting Loan within a specific period. By using the Noble Fintech Advisory EMI calculator, you can calculate your EMI beforehand, which can help you plan your finances better. Additionally, you can check your eligibility and compare different loan options using Noble Fintech Advisory Bill Discounting Loan calculator.
A Bill Discounting Loan is a type of short-term loan that businesses often use to improve their cash flow. It involves a bank or financial institution buying the invoice issued by a business to its customer at a discounted price.
The process starts when a business provides goods or services to a customer and sends an invoice. Instead of waiting for the full payment from the customer, the business can go to a bank for a Bill Discounting Loan. The bank gives the business a part of the invoice amount upfront, usually with a fee. When the customer pays the full invoice, the bank receives the total amount, completing the transaction.
Businesses that have invoices from reliable customers can benefit from Bill Discounting Loans. These are usually businesses that provide goods or services on credit and need immediate cash flow.
Better Cash Flow: Businesses get quick funds against their invoices, helping them with daily expenses, paying staff, or investing in growth.
No Need for Collateral: Bill Discounting Loans are often unsecured, so businesses don't need to offer assets as security.
Flexibility: Businesses can choose which invoices to discount, based on their immediate cash flow needs.
While both involve selling invoices for cash, there's a key difference. In Bill Discounting, the business remains responsible for collecting payment from the customer. In Factoring, the financial institution not only provides cash but also handles the collection of payment.
The time can vary, usually taking a few days to a couple of weeks, depending on the bank and required documents.
At Noble Fintech Advisory, we strive to help you go beyond the expected. We don't just offer loans; we provide financial solutions tailored to your needs. Our commitment to transparency, excellence in customer services, our innovative loan products ensures that you achieve your goals with confidence.
217, Off B/2, Parmar Trade Center, 12 Cannaught House And Road, Pune, Maharashtra, 411001
