Local Purchase Order finance gives clients funding assistance of 100% direct payment to a vendor for project financing. Assessment and availability of the purchase order is a major criterion.
Features & Benefits
- 24-hour turnaround time
- Flexible interest rates and payment plan
- No initial deposit
- Moratorium up to 60 days
- 60 days tenor
Requirements
- Confirmation of order from the ordering company
- Domiciliation of the contract account
- Undated cheques
- Maximum of 6 months maturity
- Interest rate: 4 – 6% reducing balance (subject to change based on amount)
- Interest monthly and principal at maturity