Working Capital Loans
Bill Purchase / Discounting:
Post-sale limits are extended by discounting/purchasing of bills/cheques and advances against book debts.
Bill Purchase:
On-demand clean or documentary bills payable on demand, drawn on outstation centers, are immediately credited to your business account, less our discount and handling charges.
Usance Bill Purchased:
Usance clean or documentary bills payable on the due date after the usance period, drawn on drawees/payees, are immediately credited to your business account, less interest for the usance period, handling charges, postage, etc.
Cheques Discounted:
Outstanding cheques/drafts drawn on our bank or other banks are purchased and immediately credited to your business account, less our discount/commission.
We assist companies in securing working capital term loans from financial institutions to support their daily operations and enhance their working capital finance.
At Prusage, we offer comprehensive working capital solutions, including working capital loans or term loans, with flexible financing options. Our expert team recognizes the vital role of working capital in business success and provides tailored financial strategies to optimize your cash flow and liquidity. Whether you need working capital funding, a working capital limit, overdraft limit, or Cash Credit Limit, Prusage has you covered. With our seamless process, competitive rates, and personalized service, we empower businesses to thrive and seize opportunities.
Overdraft Limit:
An overdraft limit is an operative account allowed to be operated up to a pre-sanctioned limit. The borrower can remit funds into the account to reduce the debit balance or draw on the account up to the limit.
Target Group:
Individuals, Traders, and Industrial Concerns.
The overdraft may be unsecured, partly secured, or fully secured against a pledge, mortgage, or hypothecation of securities acceptable to the bank.
Cash Credit Limit:
A cash credit limit is a drawing account against a credit limit granted by the bank and operates similarly to an overdraft account.
The distinction between an overdraft and a cash credit is the nature of the security.
When the advance is secured by the pledge/hypothecation of goods or products, it is treated as a Cash Credit Account. The security may change based on the borrower’s business requirements, provided it always fully covers the outstanding balance in the account (with the stipulated margin).