Get a Working Capital Loan for Daily Business Expenses
Running a business often means juggling daily expenses like stock replenishment, salary payments, and unexpected operational needs. A Working Capital Loan is a practical solution, providing the funds to keep your operations running smoothly without disrupting cash flow.
You can bridge gaps, seize growth opportunities, and maintain steady progress, all while staying compliant with RBI guidelines, using a Working Capital Loan from Poonawalla Fincorp. Enjoy attractive interest rates, no hidden charges, flexible EMIs and quick approval. Apply now!
Working Capital Loan EMI Calculator
Before applying, it is important to know how much your monthly outgo will be. A Working Capital Loan calculator helps you estimate your EMI in seconds, based on the loan amount, tenure, and applicable interest rate.
Why Choose Our Working Capital Loan?
Collateral-freeLoan
MinimalDocumentation
No HiddenCharges
MinimalDocumentation
Simple Eligibility Criteria
CompetitiveInterest Rate
Apply for a Business Loan Online in Just 3 Steps
Click on "Apply Now”
Tap the "Apply Now" button to initiate your application.
Enter Details
Enter your DOB, PAN card number, monthly income, and residential details.
Upload Documents
Upload the necessary documents for quicker approval.
On successful verification, the loan amount will be disbursed into your bank account instantly.
Fulfil our simple eligibility criteria to avail of the loan:
|
Factor |
Business Loan Requirements |
|
Nationality |
Indian Citizen |
|
Age |
Between 24 and 65 years |
|
Business Vintage |
Minimum 2 years of continuous operations |
|
Annual Turnover |
At least ₹6 Lakh |
Poonawalla Fincorp has ensured that the documentation requirements for Working Capital Loans are simple.
Poonawalla Fincorp provides Business Loans with minimal documentation, offering a hassle-free loan experience for borrowers.
KYC Documents
-
Personal Documents – Proprietor’s/Partner’s/Director’s - PAN Card/Aadhaar Card/Driving License/Voter ID/Passport + proof of address (If not as per officially valid documents)
-
Business Documents - Business registration proof + Business address proof (if not as per business registration proof)
Business Documents
GST certificate, Udhyam Certificate and other business registered documents.
Financial Documents
Bank statement for the last 6 months.
Check out the required business loan application documentation in detail.
Poonawalla Fincorp offers working capital loans at highly competitive interest rates, ensuring that you get the best possible value. All applicable charges are communicated clearly with no hidden fees.
|
Factors |
Charges |
|
Interest Rate |
15%* p.a. |
|
Loan Amount |
₹5 Lakh to ₹75 Lakh |
|
Loan Processing Fees |
Up to 3.5% |
|
Lowest EMI Per Lakh |
Starting from ₹13,915* per Lakh for 48 months |
|
Loan Tenure |
6 to 48 months |
|
Prepayment/Foreclosure Charges |
Up to first 6 EMIs: 6% on principal outstanding + taxes; After 6 EMIs: 5% on principal outstanding + taxes |
|
Default Charges |
24% per annum plus applicable taxes |
|
Repayment Instrument Dishonour Charges |
₹500 per bounce |
|
Stamp Duty |
At actuals (state-wise) |
|
Other Hidden Charges |
Nil |
Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf
*T&C Apply
Businesses can access various forms of working capital finance tailored to their specific needs. The primary types of working capital loans include:
- Overdraft Facility: Allows you to withdraw more than your account balance up to a sanctioned limit, offering flexibility to manage short-term cash gaps. You only need to pay interest on the amount you utilise.
- Cash Credit: A revolving credit facility against your current assets, like inventory and receivables. This is ideal for continuous working capital needs and access to cash for daily operations.
- Bill Discounting: Convert your unpaid invoices into immediate cash by selling them (bills receivable), improving liquidity without waiting for customer payments.
- Letter of Credit: A bank guarantee to suppliers ensuring payment, useful for establishing trust in new business relationships or large transactions. It helps to purchase goods and pay later.
A Working Capital Loan offers versatile solutions for various business needs:
- Inventory Purchase: Stock up on raw materials or finished goods to meet customer demand or take advantage of bulk purchase discounts.
- Salary and Wages: Ensure timely payment to employees, maintaining morale and operational continuity during cash flow gaps.
- Supplier Payments: Clear dues with vendors on time, maintaining good relationships and securing better credit terms for future purchases.
- Rent and Utilities: Cover fixed monthly overheads like office rent, electricity, and internet bills without disrupting operations.
- Equipment Maintenance: Handle repairs and maintenance of machinery or vehicles essential for day-to-day operations.
- Seasonal Demand: Manage increased expenses during festive seasons or peak business periods when cash requirements surge temporarily.
A wide range of business entities can apply for this loan and benefit from its advantages:
- MSMEs: Micro, Small, and Medium Enterprises registered under the MSME Act can apply for working capital loans to meet their operational expenses.
- Sole Proprietors: Individual business owners operating as sole proprietors are eligible to apply for working capital financing to support their business operations.
- Retail Shop Owners: The retail shop owners, including stores, showrooms, and outlets can access working capital loans for inventory management and stock purchases.
- Women entrepreneurs: Women entrepreneurs who own or lead businesses across various sectors can apply for working capital loans and benefit from special government schemes with preferential terms.
- Small business owners: Small business owners, including traders, distributors, wholesalers, service providers, manufacturers, and even home-based businesses, can apply for working capital loans.
Consider the following tips to increase your chances of a quick and successful loan approval:
- Be Clear About Your Fund Requirement: Have a clear plan for how you intend to use the loan amount to improve your business operations.
- Maintain a Good Credit Score: A healthy credit score (typically 700+) significantly improves approval chances and may fetch better interest rates.
- Keep Your Documents Ready: It is important to have all the required documents organised and ready for submission, which will speed up the verification process.
- Borrow Responsibly: Apply only for the amount you genuinely need. Overborrowing increases EMI burden and can strain cash flow.
Happy Customers, Happy Us
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Securing a business loan marked a pivotal moment for our growth. The funds enabled us to invest in new equipment and significantly expand our operations. The team was transparent, supportive, and guided us every step of the way, making the entire process smooth and reassuring
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I never imagined getting a loan could be this easy. With minimal documentation and quick disbursement, the process was incredibly smooth. It came at a crucial time and helped me manage my cash flow effectively.
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The business loan gave me the confidence to take on larger projects. With competitive interest rates and flexible repayment terms, the experience was smooth and empowering. Truly a great experience.
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Excellent service and timely support! The loan enabled me to renovate my setup and enhance the customer experience. I'm truly grateful for the professionalism and efficiency throughout the process.
Business Loan
The loan helped me stock up inventory just in time for the festive season. Approval was swift, and the team truly understood my business needs. A smooth and supportive experience all around!
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I was initially hesitant, but the loan process was so well-managed that I felt confident every step of the way. It enabled me to open a second outlet and expand my brand - an experience that truly exceeded expectations.
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The loan allowed me to upgrade my machinery and significantly boost production efficiency. The terms were clear, and the service was handled with utmost professionalism.
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I’ve taken loans before, but this was by far the most seamless experience. The team was highly responsive, and the funds played a crucial role in digitising my business operations. Truly a smooth and supportive journey.
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The business loan came at just the right time, allowing me to stock up on raw materials and stay ahead of seasonal demand. What impressed me most was the repayment structure; it aligned perfectly with my cash flow, making the entire experience stress-free and sustainable.
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Taking the loan was a bold move that transformed my business and boosted revenue. It gave me the financial push I needed to take that leap, and I’m glad I did. The support made a real difference in turning plans into progress.
I run a chain of pharmacy stores with 5 branches in Pune. With the growing popularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficult for me to hire delivery persons. With Poonawalla Fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan application process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operation seamlessly.
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The interest rates were fair and competitive, making it easy to manage cash flow for me. The process was smooth with the service and giving a rating of 10.
Business Loan
I was hesitant at first, but the team explained everything clearly and made me feel confident. The loan helped me manage working capital and grow my business steadily.
Business Loan
I was impressed by how quickly my business loan was processed. The team was extremely helpful and guided me through every step. Thanks to their support, I was able to expand my operations without any hasstle.
Business Loan
The loan process was incredibly smooth, and the team was always available to answer my queries. With the funds, I was able to renovate my store and attract more customers. Truly grateful.
Business Loan
Getting a business loan felt daunting at first, but the entire experience was smooth and transparent. The loan helped me purchase new equipment and increase production. Highly recommend their services!
Business Loan
Excellent service and prompt communication. The loan process was seamless, and the funds were disbursed faster than expected. It’s great to work with professionals who understand business needs.
Business Loan
I needed quick funding to stock up for the festive season, and the business loan came just in time. The Credit Manager was proactive and ensured everything was done on priority. Excellent service!
Business Loan
Thanks to the business loan, I was able to open a second outlet. The team was very supportive and explained all terms clearly. I appreciate the personalized attention I received.
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I’ve taken loans before, but this was by far the most professional experience. The documentation was minimal, and the disbursement was fast. I’ll definitely recommend them to fellow entrepreneurs.
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The loan helped me bridge a critical cash flow gap during the festive season. The team was approachable and ensured everything was handled efficiently. Great experience!
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The business loan helped me hire skilled staff and improved my business. The support from the credit team was outstanding. They understood my business and offered the right solution.
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I am very happy with the service of the company and will recommend everyone to take loan from Poonawalla Fincorp.
Business Loan
The loan process was quick and transparent. No hidden charges, and the team guided me at every step. Will recommend everyone.
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They didn’t just give me a loan—they gave me peace of mind during a tough time, Happy with the service of Poonawalla Fincorp.
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No hidden charges, no surprises. The process was clear and smooth from start to finish.
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The team guided me at every step and made the entire experience stress-free, will highly recommend to my friends - rating 10!!!
Business Loan
They tailored the loan to fit my business model. Truly customer-focused and satisfying service given by Poonawalla Fincorp, Highly Recommended!!!
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Frequently Asked Questions
A Working Capital Loan is a type of Business Loan that allows businesses to pay everyday costs like inventory, salaries, rent, electricity bills, and short-term operating expenses.
Yes; small and medium-sized businesses typically use working capital loans to maintain cash flow and manage day-to-day operations efficiently.
A business can receive a Working Capital Loan within a few hours and up to 48 hours, but it depends on the lender’s verification and processing procedures.
Yes, working capital loans can be used for advance payments, managing net cash flows, or funding short-term capital expenditures.
If repaid on time, a Working Capital Loan can help improve a business’s credit rating. Late or missed payments, however, can negatively affect it.
Working capital loans are generally classified as short-term loans designed to cover day-to-day operating expenses. However, depending on the lenders, the tenure can get extended up to 60 months.
By providing the business with funds in advance, a Working Capital Loan allows it to continue operating while awaiting payment from customers.