Factoring is a short term loan that provides liquidity to the business immediately and enables the business to increase its turnover in the form of us buying your accounts receivable as you will not have to wait till the end of the credit term for payment from your customers.

IFS will give you cash advancement of up to 90% against your receivables within 24 hours (on a business day) after you have submitted invoices and other relevant trade documents to IFS.

The factoring facility is applicable to both domestic and international sales and can be used by all kinds of business, whether you are traders, manufacturers or service companies, such as:

Traders

for all kinds of goods.

Manufacturers

for electronics, packaging, automobile parts, plastic products, etc.

Services

advertising agency, security guard, manpower supply, etc.

Advantages

Advantages to your business

Increase the cash flow of your business immediately.


Collateral is not required to guarantee the factoring facility.


Interest rate is competitive and comparable to the commercial banks.


It is fast and convenient as you can receive cash advancement within 24 hours (on a business day).


The expenses from factoring transactions can be recorded in full for tax deduction.

IFS provides debtors administration and cheque collection services which relieves you of the time-consuming tasks of sales ledgering and credit management.

Our factoring business