This product is designed to help our customer who have issued invoices and are awaiting payment. The customer presents their accepted invoices and delivery notes and the bank advances the customer a percentage of the invoice value awaiting receipt of the invoice proceeds, providing the much needed working capital.
- Finance up to 80% of face value
- Competitive interest rates
- The bank will only discount invoices from the government, parastatals and reputable organisations
- Maximum discount period of 90 days
- A duly completed application form
- Applicant must have good business records
- Invoice must be from a reputable company