Working Capital Loan
Efficient funding solution to manage and grow your daily business operations
Purpose
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.
Eligibility
- Having operative current account holder of the Bank for more than six months.
- Having good reputation, experience, credit worthiness and a profit making.
- Borrower/ Partners/ Directors/ Guarantors must be a member of the Bank.
- Having sufficient score in Cibil ‘s reports.
- Immovable property should be twice to loan amount.
- 167% to 200% of Loan Amt
Document Required
- 1. Duly filled prescribed application form.
- 2. KYC documents of applicant and 2 Guarantor i.e. PAN Card, Aadhar card, latest photograph, Identity proof, (e.g. Voter ID, Passport, Driving License ) residence proof.
- Shop act / Drug/ Vat/Excise/Pollution Control/ B.S.T.,C.S.T. Excise,S.S.I. or any other Applicable Licenses.
- Latest Financial Papers ITR B/S & P/L & Computation of Income with all Schedule For Last 3 Years.