Document Purchase
Purpose Discounting of export/sales bill of the goods.
Financing Ratio: Maximum 98% of the export/sales bill/document.
Nature (i) Regular limit - revolving and renewable.
(ii) Each deal – 'non-revolving' & 'non-renewable'.
Disbursement Fully upon request of the client along with presentation of the export/sales bill/documents under export/purchase order.
Principal Repayment Both principal and interest (for overdue time period) from export bill realization.
Security: 102% by export document/sales bill.
Tenure: Maximum 15 days from document/bill purchase date.