Cover up all day-to-day operational expenses of business through the aid of capital loan offered at affordable rate, We help you in choosing the right platform.
Capital Loan
Apply Online Click Here:- Capital Loan
A Working Capital Loan is a loan that can be used to finance the day-to-day operational expenses of a company I.e., purchase inventory, paying salaries, and other payable expenses. Such loans are used to issue working capital that includes short-term operational requirements of a company. Capital Loans generally include recurring expenses like wages, account payables, etc. It is not intended for the purchase of assets, and long-term investments.
There are various ways of disbursement for working capital loans given below:
- Bills limit
- Cash credit among others
- Letter of Credit (LC)
- Bank Guarantee
- Term loan
- Post shipment finance
- Overdraft Against Salary
- Line of credit
- Packing credit
Eligibility criteria for Capital Loan
For self-employed individuals:
- The age of an individual is between 21 to 65 years of age.
- Minimum work experience of salaried applicants is 3 to 5 years.
- CIBIL Score must be above 750.
- Business Loan of nature should include manufacturing and trading.
Documents required for Capital Loan
- Two passport-sized photographs
- Aadhar card + Passport
- Copy of PAN Card
- Address proof: - permanent address proof, also required if rented
- Bank statement of salary account of last 1 year.
- ITR with computation of income of last 3 years form – 16 (if file)
- Cheque for processing fee in Favour of bank
- Sanction letter and loan schedule (if running)
- Salary slips of last 3 months + Appointment letter
- Complete property documents with MAP and Supply Chain Finance + ATS
