Difference between eVFS and eDFS

Electronic Vendor Finance System (eVFS)

An application for all customers who require a vendor discount scheme and enjoy vendor financing limits with SBI and provides guarantee service through Instant Interest Recovery Process and Auto Debit of Reversal, which reduces hassles of the bank in recovering the finance.

Electronic Dealer Finance System (eDFS)

An application that aims to automate the loan disbursal and interest recovery process and provides a repayment model through the Internet banking and other channel system. The application is customizable for all customers who require a Dealer Discount Scheme and enjoy dealer financing limits with State Bank of India.

Author: gktoday

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