Bill discounting is simplest form of Invoice Financing. They are generally short term secured business loans using unpaid bills as security. You sell your unpaid bills to SME Paisa and we pay you cash advances against regarding bill value. Once your bills are paid, you just pay us back with a small interest fee.
Your loan can serve a variety of needs, everything from home renovation to debt consolidation and more.
If all your documents are in order the loan should be credited to your account in 24 hours.
Yes, but it comes with a marginal charge. You can read about it
Loan is a term-loan offered by a financial institution at defined interest rate to be repaid within specific tenure. Whereas, cash credit is a short-term working capital loan in the form of a credit limit offered by a bank to an enterprise.
We offer competitive interest rates for our loan facilities. The interest for each loan is determined based on assessment of your business profile, past track record, financial records, loan amount required and tenure of loan.