Bills Discounting

LPO Financing

  • Financing of customer’s LPO at an agreed fee and commission. The facility will be applicable to customers who normally trade with reputable companies with good credit ratings.
  • Funds accruing from this facility will be released direct to the supplier or seller (The party providing goods to our customer). The bank has recourse to the client in case of non-payment

Benefits/Features

Eligibility

Pricing

Simple operational procedures

Equity Bank account holders

18% p.a (on pro rata basis)

2% per quarter or part thereof minimum Tshs. 10,000

Simplified security requirements

 

 

Flexible security requirement depending on the integrity of the drawee and the tenor

 

 

Competitive rates

 

 

The facility is self-liquidating

 

 

 

Invoice & Letter of Credit Discounting

  • Giving value to customer’s invoices before maturity at an agreed fee and commission.
  • The facility will be applicable to customers who normally trade on credit terms.
  • Invoices to be discounted must be from reputable institutions to curb abuse of the facility. The bank has recourse to the client in case of non-payment.

Benefits/Features

Eligibility

Pricing

Immediate access to the proceeds of sales & simple operational procedures

Equity Bank account holders

18% p.a (on pro rata basis)

Cheaper additional working capital with simplified security requirements

 

 

The product has a maximum tenor of 90 days depending on the customer’s trade cycle

 

1% per quarter or part thereof minimum Tshs . 10,000

Flexible security requirement depending on the integrity of the drawee and the tenor

 

 

The facility is self-liquidating

 

 

Maximum discount amount 80% of invoice value

 

 

Competitive commission rates charged

 

 

 


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