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RBL Bank Working Capital Loan
RBL Bank is prepared to handle the funding of your inventory and accounts receivable as your business develops. We are ready to assist you with everyday necessities, including taking care of monthly obligations like rent, utilities, etc.Powered By
RBL 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-50 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 | 125% of Property Value |
| Product | All Working Capital Product |
| Program | Banking Product, GST Product, Normal Income Product |
Required Documents to Apply for RBL 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 RBL Bank Working Capital Loan
RBL Bank, formerly Ratnakar Bank Limited, is a significant private sector bank in India that provides customers as well as companies with a variety of financial products and services. RBL Bank, among other things, offers working capital loans to help firms manage their everyday operational needs.
RBL Bank understands that each firm has its own set of needs, obstacles, and possibilities. Working capital loans have been developed to provide your company with the financial resources it needs to thrive. RBL Bank is here to assist you on your route to success, whether you want to optimize your cash flow, meet short-term operational needs, or capture expansion prospects.
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 size of the loan is determined by its intended use and your projected annual company revenue. You may borrow money from RBL Bank for amounts ranging from Rs. 10 lakhs to Rs. 35 lakhs. The business loan is also based on your ability to pay back the loan as well as the financial information you provide to the bank.
At RBL Bank, the payback period for business loans ranges from 12 to 36 months.
It is simple to pay for in EMIs. For EMI payments, RBL Bank allows postdated checks. You may also pay back your loans via the ECS option.
Unsecured business loans are available from RBL Bank without the need for any collateral or main security.
Yes, it makes it easier to pay back the monthly installments on your business loan. You can set up standing instructions with the bank so that they automatically deduct the monthly loan installment amount from your checking or savings account.
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