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Tata Capital Working Capital Loan
Every business's working capital is its bloodstream. You may submit an application for a working capital loan if you are short on cash. It can assist you in securing simple and rapid borrowing to cover your business needs at low-interest rates.Powered By
Tata Capital 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 of a Working Capital Loan
Age of applicant
To be eligible for working capital finances, you must be at least 21 years of age and no older than 65.
Buisness Vintage
The Business vintage must be at least 3 years.
Income tax Return
Must bring the latest Income Tax returns information
Listed
Business should not be blacklisted
Location of Buisness
The business location should not be in a negative location list
Information
You will probably be asked to provide more information to prove that your business exists
Eligibility
Trust, small businesses, and NGOs are not eligible
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
Eligibility Criteria and Required Documents for Tata Capital Working Capital Loan
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Eligibility |
Required Documents |
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Age Limit: 25 Years - 65 Years |
Among the papers required for KYC and address verification of the applicant and co-applicants are:
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The company should have been operating for at least three years with profitable revenue. |
Company Registration and Incorporation Certificate |
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The lender will specify the annual turnover and profitability standards. |
Deed of partnership, if necessary |
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Businesses should have submitted their GST returns for the previous two fiscal years. |
Banking Financial Statement of previous 6 months |
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After getting CA certified or audited, the most recent ITR should be provided, together with computations of income, balance sheets, and loss and profit accounts for the last two fiscal years. |
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Additional Required Documents as directed by the Bank. |
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
In addition to personal loans, there is funding for property loans, business loans, vehicle loans, higher education loans, and loans for housing.
Via the Tata Capital web page, you may submit an application for a working capital loan.
Your Tata Capital Loan's rates of interest, borrowing amount, and term will all affect your EMI.
The interest rate on your Tata Capital Business Loan is set, so it won't vary over the time you have to return it.
A minimal CIBIL score of 650 or more is typically regarded as excellent for getting a business loan.
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