Working Capital Loan

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A working capital loan is a financial boost for your business, offering a quick infusion of cash to help manage short-term operational needs. It’s designed to enhance your company’s liquidity, ensuring smooth operation without dipping into long-term investments or assets. This loan is especially beneficial for bridging gaps in cash flow, financing daily operations, or tackling unexpected expenses.

Feature of Working Capital Loan

  • Loan Amount: : Offers a wide range from ₹50,000 to ₹ 35 lakhs, catering to both small and large needs.
  • Fast Processing: : Applications processed on average within 72 hours, facilitating swift financial assistance.
  • Online Processing: A fully digital application process eliminates the need for physical visits, saving time and effort.
  • No Collateral Required: An collateral free business loan option, minimizing risk to your business assets.
  • Competitive Interest Rates: Interest rates start from 1.25% per month, tailored according to your credit profile.
  • Flexible Loan Tenure: Loan tenure varies from 1 to 36 months, supporting easy and convenient repayment options.
  • Processing Fee: A one-time fee of 2-5%, with no hidden costs, ensuring transparency.
  • Flexible Repayments: Offers the flexibility of monthly or bi-weekly installments.

Working Capital Loan Fees & Interest Rates

Customized Interest Rates Fair, Transparent – starting from 1.25% per month
Processing Fees 2-5%
Loan Tenureup to 3 years
Pre-closure Charges Pre-closure charges are applicable as per the lender’s policy
Eligibility Criteria > ₹ 90,000 turn over for 3 Months
Loan Amount ₹ 50,000 – ₹ 2 crore
Installments Flexible Monthly / Bi-weekly

*Based on the health of your business, revenues and annual turnover

**Pre-closures are only allowed after the first EMI is paid in full

To facilitate an easy assessment of your monthly financial obligations, consider utilizing our user-friendly

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Eligibility Criteria

  • Business operational for more than 3 months.
  • Minimum turnover of ₹90,000 in the last 3 months.
  • Business not listed under the blacklisted/excluded category for SBA finance.
  • The business location should not be in a negative list area.
  • Trusts, NGOs, and charitable institutions are ineligible.

Documents Required

  • 1) Proof of business operation for over 3 months.
  • 2) Financial statements showing a turnover of ₹90,000 for the last 3 months.
  • 3) Proof that the business is not blacklisted or excluded for SBA finance.
  • 4) Verification of business location outside negative list areas.

Benefits of Working Capital Loan

  • Short-tenured Loan: With terms from 1 to 36 months, it’s perfect for covering immediate needs without long-term debt.
  • Handle Financial Difficulties: Provides a cushion during cash flow shortages, allowing your business to continue operations smoothly.
  • No Collateral/Security Required for Unsecured Loans: Keeps your assets safe while you access the funds needed.
  • Helps in Lean Periods: Offers financial stability during seasonal sales fluctuations, ensuring business continuity.
  • Spend at Your Discretion: The funds can be used for any business need, offering complete flexibility in managing your operations.