Factoring is a product programme designed to accommodate the needs of sellers by helping to provide an immediate cash flow from their invoices with a credit term between 30 days to 120 days.
Phillip Bank offers this financing with up to 80% of the invoice amount.
| Term (months) | Maximum Factoring Amount | Annual Interest Rate | Factoring Fee |
|---|---|---|---|
| Flexible | 80% of invoice amount | 9% - 12% | Flexible |
Calculator
Result:
| Annual Interest Rate | Total Net Earned Interest | Total Deposit Amount | Total Amount at Maturity Date |
|---|---|---|---|
| 4.75% | 286.25 | 11,757.79 | 12,044.04 |
Payment schedule:
| No. | Earned Interest | Tax | Net Earned Interest | Monthly Deposit |
|---|---|---|---|---|
| 1 | 4.75% | 4.75% | 4.75% | 4.75% |
- Companies with a minimum of 3 years of business operation.
- Document proving a minimum of 3 years of business operation.
- Proof of payment from previous buy and sell transactions.
