Boost Your Business Flow. Get the Working Capital Loan You Need to Thrive.
A working capital loan refers specifically to a type of funding that caters to the needs of a business on a day-to-day basis. It ensures that the amount of the loan is used to respond to the short-term needs of the organizations instead of the long-term investments or assets. The working capital loan in India is usually taken by individuals/enterprises whenever they require money for salaries, to upgrade technology or market opportunity, to buy raw materials, to pay an advance to suppliers, for debts, for inventory, for maintaining cash flow, for paying utility bills such as electricity, water, telephone and for rental payments, and so on.
At Grahaan Capital, you can apply for business capital loans online. Through a committed team, we do our best to ensure a pleasant experience throughout your borrowing journey.
Get immediate approval for a business loan up to Rs. 1 Core. You can apply for our business loan online, as long as you meet some basic criteria mentioned below. Meet the simple requirements for business loan eligibility and complete the necessary documentation to receive the funds you require in as little as 24 hours* after approval.
* Charitable organizations, NGOs, and trusts are not eligible for a business loan.
Note: The above-mentioned eligibility criteria are for indicative purposes only. Actual eligibility criteria defined by Banks/NBFCs shall vary as per their sole discretion and shall be defined at the time of loan application submission.
Documents required for business loans to establish your business identity, income, loan repayment capacity, and place of business. Here are the few common set of documents that you will need to submit when applying for a business loan:
Although business loan rates and charges might differ significantly based on the credit history of the loan applicant and the business itself, the following table will provide you with a general indication of what to expect:
| Particulars | Charges |
| Business Loan Interest Rates | 9.75% p.a onwards |
| Loan Amount | ₹1 Lakh to ₹1 Core |
| Loan Processing Fees | Minimum 2% plus applicable taxes |
| Lowest EMI per month | Starting from ₹2,112* per Lakh for 60 months |
| Loan Tenure | 12 - 60 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Default Interest | Minimum 3% per month |
| Repayment Instrument Dishonor Charges | Upto Rs. 2500/ + GST (if applicable) per bounce |
| Stamp Duty | At actuals (as per state) |
| * No Other Hidden Charges | |
A working capital loan is usually a temporary loan which is used to finance a business’s operating costs such as wages and salaries of employees, rent for the business premise, and stock among others. It is developed to be used as a financial safety net during the business downtime, so that the owners can work on improving the business.
Some of the main advantages of working capital loans include the following: Working capital loans are most suitable for businesses that experience changes in volume of their sales, regularly or occasionally. They may be either collateralized, based on the loan size and business financial position, or non-collateralized.
