Working Capital Loan

• Duly filled application form with passport-sized photographs
• KYC documents of applicant and co-applicants that include Passport, Aadhar card, Voter’s ID card, Driving License, PAN Card, and Utility Bills (Telephone, Electricity)
• Last 1 year’s bank statement
• Partnership deed, if applicable
• Certificate of Company Registration and Incorporation
• Any other document required by the lender

• Individuals
• Business Owners
• Entrepreneurs
• Private & Public Ltd. Companies
• Partnership Firms
• Sole Proprietorships
• MSMEs
• Startups
• Self-employed Professionals
• Other business entities

• Age Criteria: Minimum - 21 years & Maximum - 65 years
• Business Vintage: Preferably 3 years or above
• Annual Turnover: Rs. 90,000 to more than Rs. 250 crore
• Profitability: Shall be profitable for at least the last 2 years
• Credit score: 750 and above
• No previous loan default with any financial institution

• Duly filled application form with passport-sized photographs
• KYC documents of applicant and co-applicants that include passport, Aadhar card, Voter’s ID card, driving license, PAN card, and utility bills (telephone, electricity)
• Last 1 year’s bank statement
• Partnership deed, if applicable
• Certificate of Company Registration and Incorporation
• Any other document required by the lender

• A short-term loan comes with a fixed interest rate and repayment period.
• The tenure is set by the lending institution or bank.
• Well suited to meet sudden and unexpected expenses.
• Usually, it is a secured loan. However, if your business has a good credit history and a healthy relationship with the lender, then the lender can allow you to get a short-term loan without any collateral.

• An overdraft is a credit facility that allows businesses to withdraw funds beyond their account balance to meet short-term operating expenses.
• Interest is paid only on the amount utilised. The rate of interest and line of credit depend on a firm’s relationship with the lending authority.
• It is a cost-efficient facility, as the borrower can repay and reuse the funds as and when required, improving cash flow management.

• A bank facility that provides short-term revolving credit to meet day-to-day expenses up to a determined amount.
• Provided against hypothecation of stock.
• Interest is charged on the amount utilised of the total amount.

Bill Discounting

• Financing is provided against the outstanding customer invoices/bills to businesses.
• Helps businesses bridge the gap between payment and delivery.
• Generally, the interest rate charged is higher than that of traditional loans, owing to the risks involved.

• A Letter of Credit (LC) is a payment guarantee given by the buyer’s bank.
• The bank promises to pay the seller on behalf of the buyer.
• It assures the seller that payment will be received in a fixed amount and currency.
• Payment is released only when all agreed-upon terms are met.
• The seller must submit the required documents on time.

• Helps manage day-to-day business expenses like salaries, rent, and utility bills
• Ensures smooth cash flow during slow sales or delayed payments from customers
• Enables businesses to purchase inventory and raw materials on time
• Supports business continuity without disrupting operations
• Offers flexibility to meet short-term financial needs
• Helps businesses take advantage of growth opportunities without waiting for cash inflows