Can NBFCs offer Bill Discounting facilities?

Yes, Non-Banking Financial Companies (NBFCs) can offer bill discounting facilities as part of their financial services.

Advantages of using NBFCs include:

• Flexible terms: Often provide more customisable solutions compared to traditional financial institutions.
• Faster processing: Typically, quicker approval and disbursement processes.
• Less stringent documentation: May require fewer documents, easing access for businesses.

Businesses should evaluate NBFC options to find the best fit for their bill discounting needs.