Export bill discounting is a kind of loan provided by a financial institution to an exporter or seller against a shipment that has already been made. This takes care of cash or liquidity requirements of export business for the time lag between when an exporter ships the goods until he receives the payment from the buyer.
Exporters don’t have to wait for the importers to deposit the funds after the goods have been delivered. Post Shipment finance can be secured or unsecured. The finance is extended against evidence of shipment made, the bank obtains the documents for the title of goods and the finance is normally self-liquidating.
eFunds enables an exporter to submit his invoice on our online portal and a substantial percentage of the invoice value will be funded at the earliest provided that the goods have been shipped. The time taken by banks is huge for a short-term requirement of funds without hard collateral. The Post-shipment finance offered by eFunds will give you a fast and collateral-free solution to maintain liquidity for your growing business.