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Working Capital Finance (MSMEs)
Working Capital finance helps you in running your day to day operations smoothly without any financial crunch. Working capital finance includes covering of your recurring expenses like goods, salaries, sundry debtors and other miscellaneous operating expenses.
Usually the loan is secured by the shares or properties. Working capital loans help to cover your working expenses during a slow cycle or lean periods when revenue generation is less. Working capital finance loan is considered a short-term loan and is usually renewed every year.
Features
- Immediate capital infusion at affordable rates
- Quick and hassle-free disbursement
- Flexible tenure
- Pay interest only on the funds utilised from the total sanctioned loan amount
- Loans shall be secured
Benefits
- Business loan at affordable interest rates
- Zero hidden charges
- Minimal documentation
- Quick approval process
- Proprietors, Private Limited Companies and Partnership Firms
- Your business should be profitable for 3 consecutive financial years
- Turnover should be displaying a positive trend
- Application Form
- Passport Size Photograph
- KYC Documents
- Business Proof: Certificate of practising business
- Documents to confirm ownership of the business entity
- Relevant financial documents
- Bank statement for last 12 months
- Repayment Track Records / Statement of Accounts
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What security/collateral do I need to provide?
To obtain a loan, security or collateral in the form of underlying assets (shares or property) is accepted. -
What is the interest rate for working capital finance?
We offer competitive and attractive interest rates for our working finance loan facilities. The interest for each loan is determined based on assessment of your business profile, past track record, financial records, loan amount required and tenure of loan. -
What is the repayment schedule of a working capital loan?
The repayment schedule of the working capital loan is arrived at post a detailed study of the nature of business of the client and is thereby determined on a case to case basis.