Boost your firm’s liquidity with hassle-free quick bills discounting
The LCBN Power programme offers Quick Discounting of Bills of Exchange, helping provide the required liquidity to your company/firm. By extending post-sale credit against its receivables it also presents an opportunity to the company/firm to offer better credit terms to its buyers.
This program is available to all business units including MSME units engaged in manufacturing, trade and service activities.
Limits under this program can be clubbed with any other Program of Commercial Banking Group (restricted to a combined limit of Rs. 10 Cr.)
Turnover - Upto Rs. 75 Cr.
Limits - Upto Rs. 5 Cr.
Product Offerings - Usance Bills (max bill tenor of upto 180 days) under LC.
Collateral - Not Applicable
The Negotiation of Bills backed by LC providing bill finance facility to constituent borrowers and non-constituent borrowers*
*Subject to specific program conditions