Rate of Interest Starting From

9.65%

INVOICE DISCOUNTING

We MyLoanMyChoice are aware that stable cash flow is essential for companies to grow and succeed. In order to provide Invoice Discounting, a flexible financing option that enables businesses to access working capital quickly and effectively, we have worked with over 100 Banks and Non-Banking Financial Companies (NBFCs).

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Benefits of Invoice Discounting

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Expansive Network

Due to our partnerships with more than 100 banks and NBFCs, you have access to a variety of invoice discounting alternatives that are suited to your unique company requirements.

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Quick Access to Working Capital

By advancing money against your outstanding invoices, invoice discounting helps you improve your cash flow and take advantage of opportunities by giving you quick access to cash.

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Improved Liquidity

You may make sure that your company has the financial resources it needs to pay suppliers, cover operating costs, and make growth investments by releasing the cash that is locked up in outstanding invoices.

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Flexible Financing

You can manage your finance requirements effectively and according to your terms by picking and choosing which invoices to discount.

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Streamlined Process

Our application and approval procedures are simple and quick so you can get the money you need when you need it.

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No Ownership Transfer

Unlike factoring, where the ownership of the invoice transfers to the lender, in invoice discounting, businesses retain ownership and responsibility for collecting payment from customers.

Key Features

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Working Capital Boost

Invoice discounting helps businesses access working capital quickly by converting unpaid invoices into cash

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Cash Flow Improvement

It improves cash flow by providing funds to cover operational expenses and investments while awaiting customer payments
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No Need for Collateral

It is an unsecured form of financing, so businesses do not need to pledge assets or collateral.
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Quick Access to Funds

Funds are typically disbursed swiftly, often within days of submitting invoices to the lender