Purchase Order Discounting

With the Purchase Order Discounting service, your business can fulfil orders and pay suppliers. Get working capital to keep your business moving forward.

120 days

Maximum term

Up to 64%

Percentage of the contract sum

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Some of the benefits

Good terms

Up to 120 days to make repayments

Support

24-hour business banking support through our customer care channels

Access to funds

Get working capital to complete your contracts

Fast and simple

Apply, get approved and get the funds you need

What you get

Working capital to execute contracts.
No need to provide tangible collateral.
Make repayment of the loan when your contract is paid
Financing of up to 64% of the value of the purchase order.
Domiciliation of proceeds with the bank.
Loan tenure of a maximum of 120 days

What you need

Formal application letter
Board resolution approving the request (if you are limited liability company)
Duly executed irrevocable domiciliation agreement for the full LPO value of the contract into a collections account
Copy of supply order/contract document duly verified by the collections monitoring unit (CMU)
Copy of goods/product invoice from supplier
6 months’ bank statements (for new-to-bank customers)
Satisfactory credit bureau report
Duly Executed Statement of Personal Guarantee of Company Owner(s)

• Applicant must be a Business Banking customer with a Business Banking account

Download application NOTE: Link must be added here

View T&C NOTE: Link must be added here

What you get
What you need

Working capital to execute contracts.
No need to provide tangible collateral.
Make repayment of the loan when your contract is paid
Financing of up to 64% of the value of the purchase order.
Domiciliation of proceeds with the bank.
Loan tenure of a maximum of 120 days

Formal application letter
Board resolution approving the request (if you are limited liability company)
Duly executed irrevocable domiciliation agreement for the full LPO value of the contract into a collections account
Copy of supply order/contract document duly verified by the collections monitoring unit (CMU)
Copy of goods/product invoice from supplier
6 months’ bank statements (for new-to-bank customers)
Satisfactory credit bureau report
Duly Executed Statement of Personal Guarantee of Company Owner(s)

• Applicant must be a Business Banking customer with a Business Banking account

Download application NOTE: Link must be added here

View T&C NOTE: Link must be added here