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Indusind Bank Working Capital Loan
Indusind Bank Working Capital LoanPowered By
Indusind Bank 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-30 Cr |
| Turnover | 1 Cr-200 Cr |
| Rate of Interest & Type | 9.5% 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 Indusind Bank 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 IndusInd Bank Working Capital Loan
IndusInd Bank provides a complete working capital loan to solve businesses' short-term financial needs, ensuring they have the liquidity needed to run regular business activities, cover short-term obligations, and capitalize on growth prospects. This financial solution is essential for companies trying to optimize their cash flow while maintaining their financial health.
The Working Capital Loan from IndusInd Bank is an essential monetary instrument that ensures businesses have the finances they need to operate efficiently, capitalize on advantages, and manage different economic scenarios. Businesses looking for this financing option may contact IndusInd Bank to speak about their specific requirements.
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.
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