working capital loan in india

Business Loan for Working Capital

Loan up to 50 Lakhs | Low Interest Rate | Quick Disbursal | Easy to Apply

Every business needs money to conduct their day-to-day operations, such as procuring raw materials, paying wages to the employees, clearing existing debts, etc. This money, known as working capital, enables the business to function efficiently, conduct its operations smoothly and without any hurdle. A shortage of working capital can lead to detrimental effects on business output and productivity.

With the Poonawalla Fincorp Business Loan for Working Capital, you can access quick funds to meet all short-term financial needs for your business. Moreover, our Working Capital Loans are collateral-free and come with a slew of benefits like flexible tenure, repayment options, competitive interest rates, easy approval, and quick disbursal facility.

Reasons to Get a Working Capital Loan

By availing the Working Capital Loan from us, you can ensure seamless operations of your business. Our Business Loans for Working Capital allow you to meet the extra financial demands during peak season.

Here are some of the various reasons why you must take a Working Capital Loan from Poonawalla Fincorp:

  • Meet short-term financial needs
  • Pay emergency expenses
  • Renovate or expand business infrastructure
  • Pay for overhead costs like rent, electricity, etc.
  • Maintain a healthy cash-flow
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At Poonawalla Fincorp, the working capital loan interest rates start at 15%* per annum. Our Business Loan for Working Capital can be used for a variety of purposes for your enterprise. You can use the working capital finance to get advanced machinery, infuse working capital, hire staff, expand your product portfolio, and open a new manufacturing facility or office space.


The interest on working capital loan also depends on your credit score, credit history, loan amount and loan tenure.


Interest Rate 15%* p.a onwards
Loan Processing Fee Up to 3% of the sanction amount plus taxes
Loan Tenure 6 - 36 months
Prepayment Charges 5% of the outstanding loan amount plus taxes

Our Working Capital Loans come with basic eligibility requirements, allowing you to access funds for your business even during an emergency.

Age Requirement

Citizenship

Indian

Citizenship Status

Age

24 to 65 years

Work Experience Required

Business Vintage

2 years or above

Monthly Salary Required

Business Turnover

₹6 Lakh or above

Working capital loan eligibility criteria revolves around four key aspects. These include:

  • Citizenship: Indian
  • Age: 24 to 65 years
  • Business Vintage: Minimum 2 years or above
  • Business Turnover: Minimum ₹6 Lakh or above

Note: The above-mentioned eligibility criteria are indicative in nature and more information can be asked by Poonawalla Fincorp team during loan processing as per the policy.

Important Documents for Online Working Capital Loan Application:

  • KYC Documents

    Identity proof

  • Income Proof

    Address Proof

  • Address Proof

    Financial documents

Documents required for Online Working Capital finance are:

  • Identity proof
  • Address proof
  • Financial documents

If you need a working capital loan, apply on the website using the easy application process and on successful verification, the loan will be disbursed to your account.

Poonawalla Fincorp provides Working Capital Loans for businesses with simple eligibility criteria and minimum documentation process. The aim of the Poonawalla Fincorp is to provide financial assistance to all business owners and help them grow and expand.

  • high loan amounts of up to ₹50 Lakh

    Quick online application process

  • Collateral free

    Hassle-free loan approval

  • Attractive and competitive interest rate

    Minimum documentation requirements

  • Instant disbursal loan

    Simple eligibility criteria

  • Sizable sanction up to ₹50 lakh logo

    High loan amount of up to ₹50 Lakh

  • Hassle-free, online application provision logo

    Low interest rates

  • Foreclosure fees logo

    Flexible repayment tenure option

  • No hidden charges logo

    Minimum processing fees

Below are some of the salient features and benefits of our collateral-free Working Capital Loans:

  • Quick online application process
  • Hassle-free loan approval
  • Minimum documentation requirements
  • Simple eligibility criteria
  • High loan amount of up to ₹50 Lakh
  • Low interest rates
  • Flexible repayment tenure option
  • Minimum processing fees
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Apply Online

Click on Apply Now and enter your contact details.

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Business
Details

Business Details

Enter your annual business turnover and other business details.

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Verification

The application will then proceed for verification and assessment

How to Apply for our Working Capital Loan?

You can apply for a Working Capital Loan either offline or online which provides the convenience of applying from your home/office.

Follow the few simple steps mentioned below:

  • Step 1 – Visit our website or your nearest branch
  • Step 2 – Check your eligibility for the Working Capital Loan
  • Step 3 – Fill up the loan application form
  • Step 4 – Wait for a representative to contact you and get the loan amount credited in your bank account post verification
What is a Working Capital Loan, and why should I take it?

A Working Capital Loan is a special designed loan given to business owners to help them address their short-term financial needs. It enables them to conduct their business operations seamlessly without worrying about any cash crunch.
You can take a Working Capital Loan to meet various financial obligations related to your business, it can be procuring raw materials, paying wages to employees, clearing existing debts, maintaining a healthy cash flow, paying utility bills, etc.

Who can take a Working Capital Loan?

All small and medium-scale businesses owners are eligible to avail a Working Capital Loan provided by Poonawalla Fincorp.

What are the interest rates applicable for Working Capital Loans?

The interest rate for a Working Capital Loan varies from lender to lender. Poonawalla Fincorp provides Business Loans for Working Capital at competitive interest rates.

Do I need to pay any additional charges for availing of a Working Capital Loan?

No. With Poonawalla Fincorp, you don’t have to pay any additional charges for availing a Working Capital Loan for your business. We only charge a nominal one-time processing fee of up to 3% of the loan amount plus applicable taxes.

How can I calculate the EMIs I need to pay?

You can use our online Working Capital Loan EMI calculator to determine your EMIs in advance. All you need to do is enter your loan amount, interest rate, and tenure and then click on Calculate.

What is a working capital loan?

A working capital loan also called a Working capital Business Loan is a type of loan availed of by business owners for meeting their working capital requirements. Working capital is the capital that is required by any business for running day-to-day operations. This could be related to inventory, debtors, creditors, liquid cash management, etc.

How to calculate the working capital requirement?

Working capital finance in India is essential for any enterprise to sustain itself. It is needed to fulfil the difference between your enterprise’s current assets and current liabilities. Working capital is required for continuing everyday operations, and to be financially stable during emergencies. If your working capital is lesser than required, you might experience financial stress in the long run.

Since need for business owners are generally to get this type of loan quickly, it is colloquially also referred to as a fast capital loan. This commonly used term emphasizes the fast nature of the process – right from application to disbursal. This Business capital loan is used by smaller businesses also as they have need to sustain their day-to-day operations. Such types of loans are also referred to as Working Capital Loans for small business.

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