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- LCBN Power
LCBN Power
(Turnover up to ₹250 crores)
Boost your firm’s liquidity with hassle-free quick bills discounting
Apply Now Track StatusLCBN Power
The LCBN Power programme offers quick discounting of bills of exchange, providing the required liquidity to your company/firm. By extending post-sale credit against its receivables, it also presents an opportunity to your company/firm to offer better credit terms to its buyers.
This program is available to all business units including MSME units engaged in manufacturing, trade and service activities. Limits under this program, you can club with any other program of commercial banking group (restricted to a combined limit of ₹10 crores.)
Features and Benefits
- Turnover - Upto ₹ 100 Cr.
- Limits - Upto ₹ 50 Cr.
- Product offerings - Usance Bills (max. tenor upto 180 days) under LC.
- Collateral - No Collateral required.
Documents Required
- Last 2 years audited financials.
- KYC Documents .
*Additional documents may be requested basis Axis Bank policies.
Key Highlights
This program is available to all business units including MSME units engaged in manufacturing, trade and service activities.
Limits under this program can be clubbed with any other Program of Commercial Banking Group (restricted to a combined limit of ₹ 10 Cr.)
Purpose
The negotiation of bills backed by LC providing bill finance facility to constituent borrowers and non-constituent borrowers*
*Subject to specific program conditions
