Discount and Purchase Loans

Apply for a Discount and Purchase Loan and leave your bills portfolio with us to easily meet the cash needs of your business, and repay at your leisure with interest rates favorable to you.

Features

• The difference between a purchase and a discount is that with a purchase transaction the bill debtor resides in a different province to the branch completing the discount transaction.
• Subject to the term / check issue date of the bill that is to be discount-purchased, only bills / checks with up to 180 days (6 months) left until the term / issue date will be accepted for discount or purchase transactions.