KVB MSME Vendor Bill Discounting

KVB Vendor Bill discounting loan is available for usance bill discounting process of both LC and Non-LC. The primary purpose of this loan is to meet the working capital requirements.

Features and Benefits
  • The nature of the facility is bill discounting.
  • The primary purpose of this loan is to meet the Working Capital requirements.
  • The types of facilities available are Usance Bills Discounting (LC / Non LC).
Charges and Limits
Tenor / Repayment Based on the usance tenor of the bill with a maximum of 120 days.
Margin Minimum 15%
Security
  • Primary: Documentary usance bills drawn on reputed companies / PSUs, accompanied by proof of dispatch of goods and proof of delivery.
  • Collateral: EM charge on immovable assets with minimum 75% of the aggregate exposure. Alternatively, other tangible assets equivalent to a minimum 75% of aggregate exposure.
Guarantors Proprietor / Partners / Directors / Title holders of the property given as security and Husband of Lady guarantors / Proprietrix.
Interest Rate
  • The applicable Rate of Interest (ROI) is linked to the Credit Score / Rating.
  • For details please refer the section on Interest Rates.
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