Bill Discounting Service

Service Details

Bill Discounting (or Invoice Discounting) is a powerful financial tool for manufacturers, traders, and service providers dealing with blue-chip companies or reputed corporates. At Blink Finance, we facilitate the "selling" of your unpaid invoices to a bank or financial institution at a small discount, giving you access to up to 90% of the invoice value instantly. Key Benefits: Instant Liquidity: Get funds within 24–72 hours of invoice submission. No Collateral Required: The invoice itself acts as the primary security. Off-Balance Sheet Funding: Often treated as a trade facility rather than a traditional loan. Improve Credit Rating: Maintain timely payments to your suppliers by managing your cash flow better. Eligibility Criteria To qualify for our Bill Discounting facility, your business should generally meet the following: Business Vintage: Minimum 2 years of active operations. Client Profile: You must be supplying to reputed Private Ltd, Public Ltd companies, or Government Departments. Turnover: Minimum annual turnover of ₹1 Crore (preferred). Credit Rating: A stable CIBIL score (usually 700+) for the promoters. ROI & Charges (Indicative) Discounting Rate (ROI): 9.00% to 13.50% p.a. (Calculated on the number of days until the invoice is due). Processing Fee: 0.25% to 1.00% of the limit sanctioned. Funding Limit: Up to 80%–90% of the total invoice value. List of Required Documents To ensure a fast approval process, please keep the following documents ready: 1. KYC Documents: PAN Card and Aadhaar Card of Promoters/Directors. GST Registration Certificate & Udyam Registration. Business Address Proof (Utility Bill/Rent Agreement). 2. Financial Documents: Last 2–3 years' Audited Financials (Balance Sheet, P&L Account). Last 6–12 months' Bank Statements (Main operative account). Latest GST Returns (GSTR-3B & GSTR-1). 3. Transaction Documents: Copies of unpaid Invoices to be discounted. Purchase Orders (PO) from your clients. Evidence of delivery (Lorry Receipt, Delivery Challan, or Client Acceptance).