A comprehensive facility which takes care of your short term liquidity requirement by discounting Post Dated Cheques (PDCs).

 

Our Cheque Discounting facility offers immediate liquidity access, by discounting the cheques and credits it into your account at the same time.

 

Cheque discounting product is a revolving funded facility which reduces the company's cash conversion cycle, and improves liquidity among the year.

 

Cheque Discounting

Features and Benefits

 

 

◉   Offered to registered businesses and Nationals

◉   Competitive Revolving facility which reduces the company's cash conversion cycle, and improves liquidity.

◉   High Facility limits

◉   Flexible tenors ranging between 30 days to 120 days for discounting

◉   Low Interest rates

◉   Low Cheque Discounting Commission per cheque

◉   Low Processing Fees

 

 

Eligibility Criteria

 

◉   Open to all registered business entities operating in the trading, manufacturing, professional or service sectors.

◉   Business operating for at least two years, with annual sales turnover of €2,000,000 or over.

◉   Company’s Length of Business 2 Years or over.

◉   Applicants should be between 25-65 years during the finance tenure.

 

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