Akme Fintrade files IPO papers with Sebi | Aasaan Loans believes in assisting small businesses in growing by providing loans to those with potential and intent

PDC is called Post Dated Cheque which is written by the payer for a payment in future. The borrower can service his monthly instalments by submitting specified number of PDCs in advance and can replenish them as they get exhausted. However, in order to avoid inconvenience and be efficient, ECS/ACH payment are increasingly used by most of the borrowers towards repayment.