Overview

Want a Working Capital Loan? Loan Mitra Limited has lined up the perfect Working Capital Loan offering for you! We offer Working Capital Loan for Small Businesses that are tailored to their needs and help businesses grab opportunities, take care of immediate needs and also grow to greater heights. The Working Capital Loan is designed impeccably for meeting all your requirements right from Inventory Purchases, Marketing Opportunities, Short-term capital needs, And more!

Working Capital Loan

Features And Benefits

Features

  • Loan Amount up to Rs. 50 Lakh

You can get instant Working Capital Funding up to Rs. 50 Lakh and the loan amount has been kept flexible and high in order to meet all your varied requirements

  • Repayment Tenure up to 5 years

You can now expect greater convenience and peace of mind with repayment tenure up to 3 years

  • Zero Prepayment Charges

No prepayment charges are levied if you repay the full loan amount before the completion of the loan tenure

Benefits

  • Higher Loan Eligibility

We keep higher loan eligibility to help you fulfill your fund requirement optimally.

  • Minimal Documentation & Swift Processing

There are minimal documentation procedures that you have to follow and processing is also fast

  • Approve Funds within 2 working days

Funds are approved within just 2 working days post approval in order to help you get immediate access to much needed capital for your business

Eligibility And Documents

Eligibility

  • Age of key person should be between 21-55 years
  • Business stability of more than 2 years
  • Annual business turnover should exceed Rs. 15 lakhs

Documents Required

For getting a Workinig Capital Loan, the following documents are needed:

KYC Documents:

  • A copy of PAN Card.
  • Proof of Address: (Passport Copy / Aadhaar Card / Electricity Bill / Registered Rent Agreement)
  • Statutory documents: In the case of Proprietary Firm: Shop Act, GST Registration Certificate, Udyog Aadhaar Memorandum, VAT Registration, other Registrations Applicable.
  • Statutory documents: In the case of Private / Public Limited Company/One Person Company: MOA & AOA, Certificate of Incorporation, Certificate of commencement of business in case of a public limited company, GST Registration Certificate, Shop Act, Udyog Aadhaar Memorandum, VAT Registration and other Registrations Applicable.
  • Statutory documents: In the case of Partnership Firm: Registered Partnership Deed, In Case of LLP: LLP Agreement, Shop Act, Udyog Aadhaar Memorandum, GST Registration Certificate, VAT Registration and other Registrations Applicable.

Income Documents:

  • Last 2 years Financials (IT Returns, Computation Sheet & Balance-sheet) and Proof of turnover vide latest sales/service tax returns and Invoice / Purchase Order Copy (for loan against receivables)
  • Last 1-year bank statement of an operative bank account.
  • Details of all existing loans: Sanction Letter and Loan Account Statement for last 1 year.

Profile

  • Brief Profile of the Promoters and Company / Firm

How To Apply

You can now apply for Working Capital Loan through the following steps:

  • Click here to apply online
  • Scan and upload documents online
  • Verification & assessment
  • Loan approval in 2 working days

Contact Us

In case you have any query or need any kind of assistance, please call us on (+91) 9881902174 or email us at info@loan-mitra.com. We would be delighted to answer any questions that you may have.By logging onto loan-mitra.com, you can save both time and money, while simultaneously getting the latest information on the financial products you seek.

Faqs

No, you do not have to provide any security or collateral for getting your Working Capital Loan sanctioned. You only need to provide KYC and business documents.

Yes, the CIBIL score is definitely checked since it gives us a picture of your creditworthiness.

No, the entire loan process, starting from the application (filling the form), documents (scan and upload online) and processing to disbursement of funds are conducted absolutely online.

You can get a maximum of Rs. 50 Lakh as Working Capital Loan at Loan Mitra Limited.

*Terms & Conditions Apply