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    LC Discounting

    LoanSeva’s LC Discounting service provides businesses with quick access to working capital by converting their receivables under a Letter of Credit (LC) into immediate cash. Instead of waiting for the LC maturity period, you can get funds instantly to maintain healthy cash flow and meet business obligations on time.

    This facility is ideal for exporters, manufacturers, and traders who operate on credit terms and want to bridge the gap between delivery and payment. LoanSeva offers competitive discounting rates, fast processing, and minimal documentation, ensuring a smooth and transparent experience.

    Documents Required

    INDIVIDUAL

    • ✅ PHOTOGRAPHS (2)
    • ✅ PAN CARD COPY
    • ✅ AADHAR CARD + PASSPORT
    • ✅ ADDRESS PROOF – IF RENTED, ALSO PROVIDE PERMANENT ADDRESS PROOF
    • ✅ LAST 3 YEARS FORM-16, ITR WITH COMPUTATION OF INCOME (IF FILED)
    • ✅ LAST 1 YEAR BANK STATEMENT – SALARY ACCOUNT
    • ✅ LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
    • ✅ COMPLETE PROPERTY PAPERS WITH CHAIN & MAP + ATS

    PROP FIRM

    • ✅ PHOTOGRAPH (BOTH)
    • ✅ PAN CARD CLEAR COPY – PROPRIETOR
    • ✅ ADDRESS PROOF (PASSPORT, VOTER ID CARD) – PROPRIETOR
    • ✅ OFFICE ADDRESS PROOF – LATEST (ELECTRICITY BILL, TELEPHONE BILL)
    • ✅ FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
    • ✅ LAST 1 YEAR GST RETURN COPY
    • ✅ FIRM 3 YEARS ITR, COMPUTATION, PROFIT & LOSS A/C, BALANCE SHEET, TAX AUDIT REPORT, ALL SCHEDULES & ANNEXURES
    • ✅ PROVISIONAL FINANCIAL AY 2019–20
    • ✅ BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT – LAST 1 YEAR UPDATED)

    PARTNERSHIP FIRM

    • ✅ PHOTOGRAPH – PARTNERS
    • ✅ PAN CARD – COMPANY & ALL PARTNERS
    • ✅ ADDRESS PROOF – ALL PARTNERS (PASSPORT, VOTER ID, PAN, AADHAAR)
    • ✅ FIRM ADDRESS PROOF – LATEST ANY UTILITY BILL
    • ✅ PARTNERSHIP DEED COPY
    • ✅ GST CERTIFICATE
    • ✅ GST RETURN – LAST 1 YEAR
    • ✅ 3 YEARS COMPANY ITR, COI, P&L ACCOUNT, BALANCE SHEET, AUDIT REPORT (3CB, 3CD) WITH ALL ANNEXURES & SCHEDULES – CA CERTIFIED
    • ✅ PROVISIONAL FINANCIAL AY 2019–20
    • ✅ 3 YEARS ALL PARTNERS’ INDIVIDUAL ITR & COMPUTATION
    • ✅ FIRM ALL BANK ACCOUNT STATEMENTS – 1 YEAR UPDATED
    • ✅ ALL PARTNERS SAVING ACCOUNT STATEMENTS – 6 MONTHS
    • ✅ IF RUNNING ANY LOAN – LATEST SANCTION LETTER & REPAYMENT SCHEDULE / TRACK RECORD
    • ✅ PROPERTY PAPERS – COMPLETE CHAIN WITH MAP

    PVT.LTD

    • ✅ ALL DIRECTORS PHOTOGRAPH
    • ✅ CLEAR PAN CARD – COMPANY AND ALL DIRECTORS
    • ✅ ADDRESS PROOF – COMPANY AND DIRECTORS
    • ✅ LIST OF DIRECTORS & SHAREHOLDERS – CA CERTIFIED AS ON DATE
    • ✅ MEMORANDUM OF ASSOCIATION AND COMPLETE COPY (IF APPLICABLE)
    • ✅ GST, SALE, VAT, AND SSI REGISTRATION CERTIFICATES
    • ✅ 1 YEAR GST RETURNS
    • ✅ ALL DIRECTORS INDIVIDUAL ITR & COMPUTATION – LAST 3 YEARS
    • ✅ LAST 3 YEARS COMPLETE FINANCIALS WITH TAX AUDIT REPORT & ANNEXURES
    • ✅ PROVISIONAL FINANCIAL FY 2019–20 OR MONTH-WISE SALES FIGURE – LAST 1 YEAR
    • ✅ COMPANY ALL BANK ACCOUNT STATEMENTS – 1 YEAR UPDATED
    • ✅ ALL DIRECTORS SAVING ACCOUNT STATEMENTS – 6 MONTHS
    • ✅ IF RUNNING ANY LOAN – LATEST SANCTION LETTER & REPAYMENT SCHEDULE
    • ✅ PROPERTY PAPERS – COMPLETE CHAIN WITH SANCTION MAP

    Frequently Asked Questions

    What is LC Discounting?

    It’s a financial facility that allows you to receive immediate payment against a Letter of Credit before its maturity date.

    Who can avail of LC Discounting?

    Exporters, suppliers, and traders dealing with domestic or international buyers through Letters of Credit can apply.

    How does LC Discounting work?

    LoanSeva’s partner bank or financier discounts the LC amount, providing you with upfront funds while collecting payment from the issuing bank later.

    What are the benefits of LC Discounting?

    It offers immediate liquidity, reduced credit risk, and improved working capital management.

    Is collateral required for LC Discounting?

    Generally, no collateral is needed as the LC itself serves as security for the transaction.

    How quickly can I get the funds?

    With LoanSeva’s efficient processing, funds are typically disbursed within 2–4 working days, subject to LC verification.

    About Us

    Our goal at Borrow Loan Company is to provide access to personal loans and education loan, car loan, home loan at insight competitive interest rates lorem ipsums. We are the loan provider, you can use our loan product.

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    #204, 2nd floor, vv vintage boulevard, Somajiguda, Hyderabad - 500082

    +91 91009 18002
    +91 99926 29262

    +91 80580 50959

    info@loanseva.in

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