An unsecured working capital loan doesn't require you to provide any collateral, security or guarantor to get funds. With an unsecured working capital loan, you can get funds up to Rs. 80 lakh. A Working Capital Loan is one that is availed of to fund the day-to-day operations of a business, ranging from payment of employees' wages to covering accounts payable. Not all businesses see regular sales or revenue throughout the year, and sometimes the need for capital to keep the operations going may arise.
An unsecured, semi annually revolving facility up to 25 Cr (based on your Credit Rating).
A low cost funding option to enhance your top line, expansion or to bridge the working capital gap.
Interest charged for the used limit and used period only.
No charge on fixed/current assets, no need of NOC from the existing bankers.
Yearly renewal with lesser dependency on the existing.
Easy to renew
Flexible repayment schedule
Pr-approved offers
Competitive interest rate| 1 | KYC documents of The Firm/Company and Promoters. |
|---|---|
| 2 | Income Proof: Last 6 months' bank statement. |
| 3 | Business Incorporation Certificate. |
| 4 | Business PAN card. |
| 1 | Age Criteria: Min. 21 years & Max. 65 years. |
|---|---|
| 2 | All units should No previous loan default with any financial institution. |
| 3 | Good credit score, financial stability, and repayment history of the applicant/enterprise. |
| 4 | Good track of existing loans. |
Copyrights @ 2024 & designed by Novami Infotechs