Factoring is a working capital solution designed  to improve the cash flow of a business which sells goods and services on credit terms.  Factoring will make funds available, even when banks would not do so. This is the fastest way to collect money on invoices generated for products delivered or services rendered.

In Factoring we purchase your account receivable (credit sales) at a discount and advance you upfront 70% -85%. You would not have funds tide up until the debtors make the payments. We pay you on behalf of your debtors. Factoring will help you to expedite the progress of your business while transferring the hassle of debt management to the factor.

What are the key features and benefits ?

  • Highest advance of 70% – 80% from your invoice value
  • Financial solutions to your cash flow needs
  • Each facility handled by an experienced portfolio management
  • Speedy approval process
  • No tangible security
  • No start – up fee and No exit fee

What are the eligibility requirements ?

  • Residents of Sri Lanka over 18 years of age are eligible to apply

How can I open an account ?

  • Visit any of our branches located island wide. Please visit with the required documents to open the facility or call us for more details on (+94) 112 400 400.

What documents are required ?

  • Application Form
  • Know Your Customer (KYC) form
  • A copy of National Identity Card (NIC) or Passport /Driving License of Proprietor/ Director/ Guarantor
  • Proprietor/ Director/ Guarantor asset declarations
  • Memorandum & Articles of association
  • Factoring debtors list
  • Bank statements of last 6 months
  • Billing proof if customer address differs from the identification provided

What are the Charges and Rates ?

Fee Type


Interest Rate – Minimum AWPLR(monthly) + 6% p.a.
Interest Rate – Maximum 27% p.a.
Service Charge 0.5% to 1% on invoice value
Refactor Charge 0.3% to 0.5% on refactored value
Over paid charges 36% p.a. to 40% p.a.