About Working Capital Loan?
Working Capital Loans are short-term business loans designed to bring extra cash into the business. A business will typically use a working capital loan for growth, current expenses or handling emergencies. While most small to medium-sized businesses have a need for working capital, many business owners will struggle with the demands and restrictions of banks and other lenders.Working Capital Loans from commercial lenders usually require that the business owner has better than average personal credit and may require some sort of down payment. There can be a significant amount of paperwork and the process can often take weeks or more to complete. These and other criteria imposed by the lenders often prevent small businesses from receiving working capital loans.
- Documents Required
- Benefits of Working Capital Loan
- Intrest Rates
- EMI Cal
» 2 passport size photographs. » PAN Card of the student and the Parent/ Guardian. » Borrower's Bank account statement for the last six months. » Income tax Returns/ IT assessment order, of last 2 yrs. » Brief statement of assets and liabilities, of the Co-borrower. » Proof of Income.
» Loans up to INR 3 Cr and tenures up to 5 years. » Higher loan eligibility. » Flexibility of loan tenure with Step up and Step down EMI options. » A dedicated Relationship Manager to cater to your business needs. » Fast Processing and attractive interest rates.
|Working Capital Loan Rate of Interest|
|Banks||Interest Rate||Banks||Interest Rate|
|ICICI Bank||11.50% - 17%||HDFC Bank||12.00% - 14.25%|
|State Bank Of India||9.95%||LIC Housing||10.25%|
|India Bulls||10.15%-10.75%||Allahabad Bank||10.20%-10.45%|
|Union Bank of India||10.25%||UCO Bank||10.20%|
|Punjab National Bank||10.25%||OBC||10.25%|