A purchase bill comprises information such as a unique reference number, the date of the bill, product details, the name and full contact information of the individual involved, the amount of any applicable taxes, and much more. The purchase bill indicates the sum agreed upon by both the buyer and seller. Before this bill, there were some other forms of invoices used in business terminology. This is a type of document that reflects a common agreement between the customer and the vendor that a specific product will be sold at a specific price.
Facility of up to 25 Cr without any mortgage (on just 10% cash collateral).
Direct payment to your supplier and flexible credit period up to 90 days.
Interest to be charged for the number of days the funds are used.
No upfront interest collection.
An off balance sheet facility with annual renewal.
Flexible Repayment Terms
Enhances Productivity and Quality
expanding product lines
Competitive Interest Rates| 1 | Bill of Exchange. |
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| 2 | Transport Document i.e. (e-way bill). |
| 3 | Acceptance from the line of credit-issuing Bank. |
| 4 | Discounting request letter. |
| 1 | The contract, as well as the payment, must be documented in writing and signed by both parties (the company and the customer). |
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| 2 | The concerned clients must place a sales order. |
| 3 | It is necessary to specify the exact date on which the unpaid payment is due. |
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