Opt for Secured / Unsecured Loan
R.O.I 14%.
Less Documentation
The working capital loan can either be secured or unsecured type, in the former the company’s asset shall be presented as the collateral. On the other hand, the unsecured working capital loan is the signature loan that is granted by the bank based on the applicant’s eligibility criteria and CIBIL Score
Manage the expenses of working capital with the loan. Get My Mudra Working Capital Loan. Interest rate starting at 13% R.O.I with the tenure period of 12 months to 36 months.
Applying for a working capital loan needs the same requirements as any other loan. Mentioned below are the eligibility criteria required for the working capital loan.
Age: The age of the borrower should be between 21 years - 60 years.
Business Nature: Individuals, proprietors, partnership firms, private or public companies, retailers, traders or any other business owner engaged in the business of service, manufacturing products, or trading sectors that require constant cashflows to maintain their business's working capital.
Business Turnover: The turnover should be above 7.5 crore.
Business Vintage: The Business should be running from atleast 2 years.
CIBIL: The CIBIL Score of a company should be above 700.
PAN card of the Company.
KYC Documents
Address Proof
Ownership Proof of property whether it be private or commercial.
Income Tax Returns, and Sales Tax Challans for the previous three years.
Registration Proof includes, partnership deed, Certificate of Incorporation.
Loan details of an existing loan. (if any loan is pending).
Bank statements for the last three months
Apply for the working capital loan hassle-free with My Mudra. We are offering a swift loan approval process. Get your working capital loan disbursed within a day with the three easy steps mentioned below.
1. Apply for My Mudra working capital loan with a click.
2. Get the documentation done online on the portal.
3. Enjoy quick disbursal of your working capital loan.
