K&S Loan Mentors
K&S Loan Mentors is connected with all the BANKS and NBFC’s
K&S Loan Mentors is connected with all the BANKS and NBFC’s
Lowest Interest Rates – Calculate EMI – Check Eligibility – Instant e-Approval – Special Offers
Working capital loans are sanctioned to meet the daily operations and short-term needs of businesses. Whereas, you cannot use this loan for long-term assets or investment purposes. The purposes that working capital loans can serve include giving rent, payroll management, and paying debts. In the case of seasonal businesses, working capital loans can help during reduced business
periods to manage cash flow. This type of loan is best for businesses with cyclical sales. A working capital loan may affect the credit score of the borrower if timely payments are not made.
If want to apply for a Working Capital Loan, you must meet the following criteria.
| Age Limit | The applicant should be min 21 years & max. 65 years. |
| Income | Business should be profit making at least for the past 3 years |
| Turnover | Rs. 250,000 p.a. should be the minimum annual income |
| Co-applicants | Business should be profit making at least for the past 2 years |
| Audited | We accept only audited financials by CA. |
| Cash flow | On the other hand, we denounce with righteous indignation. |
| Type of the Business | Proprietorship, Partnership, Pvt.Ltd. or Public Ltd. |
If want to apply for a Working Capital Loan, you must have the following document.
Your entire borrowing process simple and user friendly You can get your loan funded in as little as 48 hours
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
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Have questions? Here’re the answers.
In general, the borrowers receive a period of 12 months to repay a working capital loan.
Depending on the lending authority, a working capital loan can be repaid either in EMIs or as a one-time payment when the borrower receives the cash.
Both secured and unsecured working capital loans are provided by lenders. However, the interest rate charged with collateral is lower than that of unsecured funding.