We offer a professional service of very high order and our charges will be certainly comparable to that of banks. Considering our quality of services, quick decision and flexibility, you will find that our fees are very reasonable. If your credit rating is high and your customer base is strong, you stand to benefit in charges.
There are two types of charges – service charge and discount charge.
- Service charge is levied based on the work involved and services offered such as sales-ledger maintenance etc., calculated as a percentage of the gross value of invoices factored. It may vary from 0. 10 % to 1. 00 % depending on various factors. This is collected up-front from clients.
- Discount charges are levied towards providing instant credit to the client by way of prepayment. In this regard various aspects are taken into account, such as cost of funds, credit rating of the client, quality of transactions etc., while arriving at the rate. This is collected on monthly basis on the actual drawings by the client from his pre-payment account.
- We also collect nominal processing charge for the work relating to processing of the proposal.