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Invoice Discounting Finance
Invoice Discounting Facility (IDF) is a Loan product designed to support customers who are contractor / suppliers for reputable Companies operating in Nigeria.
Loan Information
Description
Features
Benefits
Required Documents
How to Apply
Description
Invoice Discounting Facility (IDF) is a Loan product designed to support customers who are contractor / suppliers for reputable Companies operating in Nigeria. The Bank provides up to 70% of the invoice value to enable our customers meet working capital needs while awaiting payment for goods supplied or services rendered.
Features
- Credit Facilities made available via invoices that have been duly accepted for payments.
Benefits
- To provide immediate short term working capital requirements.
Required Documents
- Tripartite Domiciliation Agreement.
How to Apply
To apply for this loan, walk into any FirstBank Branch and speak with our Retail or Corporate teams.
FAQs
Up to N250m subject to 70% of the invoice subject to other terms & conditions
Yes; but the company (Principal) must have been pre-approved by the Bank
Speak with our Relationship teams in any of our branches close to you so they can guide you on the process.
