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Invoice Financing Definition

Invoice financing is a method with which businesses can borrow funds using their high-value unpaid invoices as collateral. With the help of invoice financing loan you can now reinvest in your business growth, improve cash flow, make payments to your employees or suppliers at your convenience without waiting for your account receivables to come.

  • Invoice Finance: Features and Benefits

  • High value financing

    Pay all your creditors on time and manage your cash flow better with loans up to Rs.30 lakh.

  • Hassle free loans approved within 24 hours

    Get your invoice loan approved within 24 hours and meet all your urgent invoices.

  • Flexible repayment tenor

    Enjoy convenient repayment tenor on your business invoice financing till you receive payments from your debtors or your inventory gets sold.

  • Pre-approved offers

    Existing customers enjoy pre-approved offers on the invoice financing loan, giving them access to instant funds without the paperwork, queues and long wait time. Check your special offer here.

  • Track your loan online

    Log in to our online customer portal and track your loan details from anywhere, anytime.

  • Invoice Financing Loan: Eligibility Criteria and Required Documents

    Enjoy the benefits of invoice financing from Bajaj Finserv by fulfilling simple eligibility criteria and providing some basic documents. Click here to know more.

  • Invoice Finance Rates and Charges

    Bajaj Finserv ‘s SME invoice financing, has only  nominal fees and charges, so that you can run your business smoothly with affordable capital.

  • How to Apply

    Fill out a quick application form and apply for your invoice loan today.

FAQs

What is invoice financing loan?

Invoice financing loan is a financial solution offered by lenders to the small businesses to borrow funds against the amount pending from its customers. These funds can be used to meet short-term liquidity requirements of your business such as raw material purchase, salaries of your staff, and other operational spends.

Bajaj Finserv offers hassle-free Invoice finance up to Rs. 30 lakh with quick approval in 24 hours*. This instant high-value financing can help you to meet your business urgent needs and allows you to repay the loan over a convenient tenure-till you get your due payments, or your inventory gets sold.

What is the eligibility and requirements for invoice financing loan?

Invoice finance loan that comes with easy-to-fulfil eligibility criteria and requires minimum documents. You can avail urgent funds for your business by fulfilling the easy parameters given below:

  • Indian residing citizen of age 25-55
  • Running a business for 3 years
  • Filed ITR for 1 year
  • CIBIL score of 750 or higher
If you fit the eligibility, all you have to do is to give a few documents for quick approval on your loan:

  • PAN card, Aadhar card, driving license etc.
  • Passport, electricity bill, rent agreement etc.
  • 6 months bank account statement
  • ITR copy for minimum 1 year
  • Balance sheet and Profit & Loss statement for last 2 year audited by a CA
  • Business ownership proof documents

Is invoice financing a good idea?

Cash flow is crucial for the survival of the business, however, sometimes it becomes difficult to maintain the cash flow in your business or continue with the routine expenses such as raw materials purchase or even paying salaries to your employees. It is when invoice financing loan can come as a rescue offering you instant funds to meet any of these business needs.

Invoice financing offers instant cash generation that can help small businesses get ready capital to maintain the cash flow and bring economic mobility. Since you are using your unpaid invoice as collateral, you are not required to keep any other asset as a security. However, it can be used only as a source of short-term requirement and not for your long-term expenditure.

How much does invoice financing cost?

Outstanding invoices from the customers often cause problems in the cash flow of the business which results in halting of business operations such as raw material purchase, staff payment etc. In such cases, invoice financing not only helps in meeting your business daily expenses but also help you provide funds in any unforeseen situation to help your business grow.

Bajaj Finserv offers you hassle-free invoice financing loan at the lowest rates of interest of 18% p.a. onwards and up to 2% of the loan is charged as processing fees. It comes with quick approval and requires minimum paperwork. In addition to this, Bajaj Finserv also offers flexible tenure to repay the loan and you can also reduce your EMIs with Flexi Term Loan by paying interest only EMI’s for the initial part of the tenure.

How does invoice financing work for a company?

The pending dues from customers often create a roadblock for business operations such as raw material purchase, equipment purchase or even employees’ salaries. However, in such cases invoice financing can help you by providing quick funds for your company. One of the striking features of invoice financing is that you are no longer dependent on your account receivables for your business expenditure but can get a loan against these unpaid invoices.

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