a personal that is unsecured extended by way of a loan provider through prepaid cards to make re payments at partner vendor PoS
Such unsecured loans that are personal be repayable by means of EMIs or a bullet repayment. As talked about above, if payment is created during a period of the time, moratorium does apply. In case there is bullet repayments also, moratorium might be provided. Invoice funding may be of 2 kinds (a) Factoring and (b) Asset based invoice financing.
In case there is factoring, the factor acquisitions the receivables of a entity and will pay the total amount of receivables paid off by a specific percentage (factoring cost) into the entity.