Product Features

Attract a fee and commission as per tariff.

Flexible security requirement depending on drawee and the tenor

Maximum amount of the invoice finance is 80%.

The facility is self-liquidating

Maximum tenor is 120 days

Attract interest payable either monthly or upon settlement of the respective invoice

Benefits

Immediate access to proceeds of sales

Cheaper additional working capital with simplified security requirements

Requirements

Financial card

Loan application form

Good reputation of the invoiced party

Letter of undertaking to pay the bank directly from the drawee

Proper authentication of the invoice by the Bank

Letter of assignment of account receivables with recourse

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