At A Glance
- Purpose
- Get money against unpaid invoices instead of waiting for your customer to pay
- Who can apply
- Businesses selling goods or services to other businesses on credit
The Short Version
What Bill Discounting actually does for you.
Bill discounting helps a business get money against its unpaid invoices, instead of waiting for the customer to pay. The lender gives you a part of the invoice value now, and you repay when your customer pays. It can help you keep cash flowing between selling and getting paid. Lenders set their own limits and charges.
What's included
- Funds against genuine invoices raised on your customers
- Helps cover the gap between selling and getting paid
- Can work alongside a cash credit or overdraft limit, as per lender policy
- Limits and charges depend on the lender and on your customers
Do you qualify?
- A business that sells goods or services to other businesses on credit
- Genuine invoices from customers with a good payment record
- Business and banking records that show a steady turnover
Fees and other charges
Besides interest, a lender may charge a few fees. It helps to know them before you apply, so there are no surprises.
Lender's processing and other fees
The lender may charge a processing fee plus GST, and other charges on the limit. Each lender sets its own, and we confirm them before you proceed.
Our service fee
For this facility we charge a service fee for taking your file from lender shortlist to disbursal. It covers comparing lenders for you, preparing and checking your documents, answering the lender's queries and following up until the money reaches you. We tell you the amount in writing before you go ahead, so you know exactly what you are paying and nothing comes as a surprise.
These are general guides and every lender sets its own fees. Your expert will share the exact charges in writing before you sign.
Why Growth Capital Services
One conversation, many lenders to compare.
We are a loan consultant, not the lender. We help you compare options from 75+ Banks and NBFCs, prepare your documents, and follow your application through each step.
Important note: Interest rate, loan amount, tenure, charges, eligibility, approval and disbursement depend on the policy of the respective Bank or NBFC, your profile, credit assessment and the applicable terms. Growth Capital Services is a loan consultant and does not lend money itself. The details on this page are for general information.
Run the numbers
Calculators for your Bill Discounting
Try your own figures before you apply — nothing is saved or sent.
Step-by-step guide
Bill Discounting process, step by step.
Bill discounting turns your unpaid invoices into cash. Here is how we arrange it.
- 1
Share your invoices
Tell us about your customers and the invoices that are still unpaid.
- 2
Check your customers
We review which customers and invoices a lender is likely to accept.
- 3
Choose a lender
We compare lenders on the limit, the share of the invoice they advance and the charges.
- 4
Submit your papers
You give us your KYC, business papers and the invoices.
- 5
Limit set and funds released
The lender sets your limit and releases funds against approved invoices. You repay when your customers pay.
With GCS, your expert looks at your profile, matches it with suitable lenders, and coordinates with the banks for you. That means less confusion and more confidence when you apply.
Worth Comparing
The rest of Cash Flow & Trade
So you can weigh Bill Discounting against everything else we arrange in this category before deciding.
Still deciding on Bill Discounting? Ask us directly.
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