Vendor Dealer Finance

ICICI Banks Vendor Financing

ICICI Bank offers Bill Discounting services to vendors of large Indian corporates, including priority sector companies. Once the company accepts the bills drawn by you, they may be discounted by us. Discounting rate is linked to the tenor based IBR. Limit is outside the banking arrangement of the Corporate, and recourse is to you. In case the corporate is not willing to accept a bill of exchange, you can also opt for our Invoice Discounting facility.

ICICI Bank s Dealer Financing

ICICI Bank's Dealer Financing schemes are available to selected dealers of large corporates. With ICICI Bank s Dealer Finance services, you can avail short-term unsecured finance to procure goods from corporates. These may be on a non-recourse basis; or, in some cases, corporate recourse by way of First Loss Deficiency Guarantee. The corporate provides non-financial comforts like Stop Supply Letter, Assistance in Recovery & Resale. All payments due to you must be routed through our accounts.

Dealer financing may be in the form of Bill Discounting or an Overdraft facility. Term facility is also available for assets, like vending machines, which are required by you to deliver the corporates products.