Questions from Customers
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Firəngiz Əhmədova - Date: 1 December, 2021
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7299
- Subject: Business
What is factoring? What are the terms of factoring product in Kapital Bank?
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Kapital Bank - Date: 23 November, 2024
Factoring is a product that allows the bank to finance working capital in exchange for a concession to the bank of the right to demand money from individual entrepreneurs and buyers of legal entities. Factoring products allow you to quickly access the resources you need to grow your business without having to wait for the buyer`s payment.
The terms applied by Kapital Bank for factoring products are as follows.
- Financing amount up to 90% of the invoice
- Annual interest rates starting from 13%
- Financing term up to 90 days
- Unsecured (factoring collateral not required)
- 0.5 % commission percentage
Apply for a factoring product online first.
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