Indian Bank Working Capital Loan

You can repay the loan money by making consistent EMI payments during the fixed repayment period.

Typically, these loans are issued with a fluctuating interest rate. If you need additional explanation, you may verify with your probable lender and confirm their offered rates on their portal.

Before applying for a working capital loan, you must verify with the bank because the processing cost may differ from lender to lender. The processing charge typically ranges from 2% to 3% of the loan value.

As a short-term loan, banks and other financial organizations will often give it a one-year duration.

You will be required to pay a processing fee and documentation fees in addition to the interest rate on the granted loan amount. In cases of late payments, there are additional costs such as penalty interest rates and bounced cheques or EMI penalties.