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  Working Capital Finance
 
 
  Eligibility
 
  • Any Proprietorship/Partnership firm/Private Limited Company with more than 2 years of track record of profitable business operation and a stable Cash Conversion Cycle.
  Loan Amount
 
  • Loan amount can vary depending upon the specific requirement and repayment capacity.
  Rates & Fees
 
  • Our rates are one of the most competitive in the market.
  • Interest rate is charged quarterly on the outstanding balance.
  • Service Charge.

  • No hidden cost.
  Repayment
 
  • The financing is provided for maximum one year which may be renewed based on prior repayment behavior.
  • The outstanding amount has to be repaid at the end of the period if not renewed.
  • Quarterly interest is charged on the outstanding balance of the financing.
  Application Process & Required Documents
 
  • Memorandum and Articles of the company for a Limited Company; (if applicable)
  • Trade License of the borrowing company & Certificate of Incorporation.
  • Company Information with details about present production facility. (Company profile covering products, departments, buyers.)
  • Documents in support of the vehicle, machinery/equipment (eg. Quotation, Proforma Invoice, Commercial Invoice, Bill of Lading, etc).
  • Last 3(three) years audited financials (Balance Sheet, Income Statement, Cash Flow Statement) of the concerned unit.
  • List of all present lenders with sanctioned date, sanctioned limits, outstanding amount, rate of interest, etc. (Lending + Deposit Relationship).
  • Trade Licence & TIN of the company

  • Other document, if any.
 
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