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Aditya Birla Working Capital Loan
Among the top 5 non-banking financial corporations in India is Aditya Birla Finance Limited. Retail, HNI, extreme HNI, micro-businesses, SMEs, and mid- and large-sized corporations are just a few of the different groups of clients that ABFL serves with unrivalled excellence in financial products and services. Consumers receive collateral-free loans from ABFL.Powered By
Aditya Birla Working Capital Loan
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Here are a few factors
Invest in your dreams. Get a Working Capital Loan.
With a working capital loan, you can start up your own business or buy and sell merchandise easier by getting the cash needed to expand your operations. Apply now and be on your way to success!
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.
Advantages of Getting a Working Capital Loan from ReferLoan
As a business owner, you know that slow-paying customers are a real problem and you've come to realize that cash flow issues are holding back your growth. Get a working capital loan with Referloan and you can be sure that it is worth the money.
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Minimal Documentation
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Rapid Procedure
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Instant Approval
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Determined Loan Tenure
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Low-Interest Rates
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Wide Range of Lenders
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No Collateral Required*
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Flexible EMIs
Eligibility Criteria and Required Documents for Aditya Birla Working Capital Loan
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Eligibility Criteria |
Required Documents |
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Age Limit:23- 55 Years With a Good Credit score of approx 650 or over |
Identity Proof Copy of any of the following documents
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Sole Proprietorships |
Address Proof Copy of any of the following
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Partnership Firm |
Banking Statements
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Private Limited Companies |
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Public Listed Companies |
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Societies |
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Trusts |
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A business should have at least three years of profitable operation. |
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Complete accounting records for the previous two years, including a balance sheet, a statement of profits and losses, and tax audit reports |
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Required Document for Working Capital Loan
PAN Card
Aadhaar Card
Driving Licence
Voter ID
Passport
Registered rent agreement
Current passport size photograph
Salaried income documents
Self Employed person documents
Self Employed person documents
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Duly filed loan application form with passport size photographs.
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Statement of finances with a proper balance sheet with profit and loss in that sheet
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KYC documents, such as PAN, Aadhar, address proof, etc.
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Business vintage documents, such as incorporation certificates.
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Income tax returns for the past year.
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Bank statement for the past one year
Note : *Documents may vary from one lender to another
Factors You Need to Consider Before Applying for a Working Capital Loan
Most of the banks are very particular regarding their guidelines when it comes to Working Capital Loan. So any sort of lack of eligibility or documentation can cost you a loan application rejection.
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Examine your loan’s needs.
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Do proper research to get the best rate
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Examine your credit report
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Carefully read the fine print on your loan agreement.
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Assess your repayment ability before deciding on a loan term
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Select a reasonable interest rate.
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Examine your EMIs thoroughly
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Examine the processing costs
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Depending on your option, choose a fixed or variable interest rate
What is a Working Capital Loan?
A working capital loan is a type of financing wherein you get money to pay for your daily expenses. This loan may be from a bank, private lender, government agency, or any other financial institution that approves loans based on the grantor's credit history. A business may avail of this loan if there is no steady flow of income for it to keep its business running. The money provided by this loan will be used for everyday operating costs like the payments of salaries, utilities, accounts receivable, and depreciable expenses. This type of loan is taken out by businesses that have regular sales or revenue accounting for a major amount of their operating expenses.
FREQUENTLY ASKED QUESTIONS
Call 1-800-270-7000 from 9 a.m. to 9 p.m., Monday through Sunday.
Service Branch Operations: Monday through Friday, 9.30 a.m. to 6 p.m., and on alternate Saturdays (the second, fourth, and fifth Saturdays are working). Sundays, as well as national holidays, are branch closure days.
Because ABFL presents
Tailored solutions,
Straightforward financing,
Complete openness in charge as well as processes,
Swift approvals,
Shortened processing as well as funding times.
The number listed below may be used for dropping a missed call: 1800 2008 308.
You may text the word "LOANSTATUS" to the number 567679.
Yes, you are able to view your loan details online. To access your loan account, log in using your username and password.
A proprietorship, a publicly held business, a joint venture firm, and/or a private limited company may apply for these loans.
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