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DCB Working Capital Loan
The loan aids firms in financing their regular operations, including the collection of raw materials, wage payments, electricity costs, and investments in their current resources. This is the ideal loan programme for companies that want assistance during slow business seasons or in other circumstances when there aren't enough finances to cover the demands of the company.Powered By
DCB Working Capital Loan
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Here are a few factors
| Location | 50Km from Branch |
| Applicant | Self Employed Person |
| CIBIL Score | 700+ |
| Loan Amount | 50 Lac-15 Cr |
| Turnover | 2 Cr-100 Cr |
| Rate of Interest & Type | 10% on wards (Fixed) |
| Tenure | 1 Year |
| Processing Fees | 0.50% to 1% |
| Foreclosure Charges | As per Policy |
| Business Vintage | 3 Year |
| Collateral Coverage | 100% of Property Value |
| Product | All Working Capital Product |
| Program | Banking Product, GST Product, Normal Income Product |
Required Documents to Apply for DCB Working Capital Loan
A. Document List
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Business Profile of applicant
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Provisional Balance Sheet of applicant if applicable
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CoProjections of Next 3 year for Working Capital and 5 year to for Loan Tenure for Project Loan
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration if available
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Copy of Last 12 month GST return
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Copy of all Approvals and/or affiliations received
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Property Paper with complete chain of last 13 years
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Sanction letter of all running loan
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Existing Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders/Partners on Letter head as the case may be
Applicant may be
- Company
- Partnership Firm/LLP
- Proprietorship Firm/Individual
- Company-Directors
- Partnership Firm/LLP-Partners
- Proprietorship/Individual-Spouse of Proprietor/Individual
- Company : MOA, AOA, COI & PAN Card of Company
- Partnership Firm/LLP : Partnership Deed & Pan Card of Firm/LLP
- Individual : PAN Card, Aadhar Card, Pan Card & Passport Size Photo
About DCB Working Capital Loan
Is your company ready to reach new heights? Working Capital Loans from DCB Bank are here to help you on your path toward achievement. Their flexible and customized financing options are designed to match the specific requirements of your company, ensuring you have the financial resources you need to capitalize on possibilities, manage regular operations, and accelerate growth.
Don't allow money to be a barrier to your success. Join forces with DCB Bank and take the first step towards realising your business goals. Discuss your financial requirements and see how DCB Working Capital Loans may help your business!"
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
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
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.
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
The bank needs three to four days to evaluate your paperwork. The borrowed funds will be issued to your bank account right away if it is determined that they are accurate.
The ways you can pay back your loan are listed below:
Standing Instruction/EMI
NACH
Postdated cheques
Age Limit: 21 Years - 65 Years
The company should have been operating for at least three years with profitable revenue.
Business Vintage - Minimum 3 Years
Businesses should have submitted their GST returns for the previous two fiscal years.
You can apply online through their official website or by going to the DCB Branch.
You can contact through the website www.dcbbank.com or calling in the following numbers 1800 209 5363, 1800 123 5363.
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