At HDFC Bank we dedicate trade finance set-up that combines the rich experience in understanding customer needs and a nationwide network of branches and correspondent banks to offer you bill discounting. These are customised to suit your requirement for short term finance, from the date of sale to the date of receipt of payment thereon.
Its highlights are as under:
Short-term finance to selected dealers of large Corporates
Credit extended upto 90 days for purchase of goods from Corporates
Credit Lines would be set up on Dealers based on financials, need for funds, etc.
Minimum documentation
In all cases, a letter of recommendation a specifying the dealer's history, track record, etc. and a commitment of stop supply in case of default would be taken from the corporate whose dealer Channel is being financed
