Often the sales that you make are with certain credit terms. The buyer will make payments to you after the passage of a certain amount of time after shipment of the goods or providing of the service. However you may need to make certain payments and would like to have that money upfront. The banks can provide this facility of LC discounting/bill discounting/ Bill Negotiation, where the banks will pay you up to 90% of your invoice value on submission of documents and invoice. This can be in conjugation with credit insurance also, wherein the insurer takes the risk of default by the buyer and you get your money even if the buyer does not pay up.
We can arrange for Bill Discounting Facilities at most competitive rates of interest, including rates linked to foreign currencies. We can even arrange for takeover and/or enhancement of existing Packing Credit limits with lowering of charges and collaterals.