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011 35742201
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1. Swift and Convenient Access: Working capital loans are designed for quick access to funds, enabling businesses to promptly address immediate financial requirements and capitalise on time-sensitive opportunities.
2. Flexible Repayment Terms: Lenders offer a range of repayment options, including fixed or variable interest rates and terms customised to suit the specific needs of the business. This flexibility allows businesses to choose a repayment structure aligned with their cash flow.
3. Efficient Application Process: In contrast to traditional bank loans, working capital loans typically boast a streamlined application process, demanding minimal documentation and less stringent eligibility criteria.
4. Facilitation of Business Growth: By infusing working capital, businesses can invest in growth initiatives such as expanding operations, purchasing inventory, upgrading equipment, or implementing marketing strategies. This can lead to increased revenue and profitability.
5. Effective Debt Management: Working capital loans can be utilised to consolidate higher-interest debt, enabling businesses to streamline their debt obligations and potentially reduce overall interest expenses.
Check out the Eligibility criteria for our Working Capital.
Contrasted with conventional banks, Shivay Financial Consultant offers more flexible eligibility criteria for working capital loans. Here are the prerequisites for obtaining such a loan:
Business tenure of at least 3 months.
Minimum turnover of ₹90,000 in the three months preceding the loan application.
The business must not be on the blacklisted/excluded list for SBA finance.
In terms of ownership or collateral worthiness, traditional banks often require property ownership, be it a residence, office, shop, or godown. Once you're satisfied with the eligibility criteria for a Working Capital Loan, the application process is straightforward.
Additional criteria include ensuring that your business's physical location is not in a negative location list. Moreover, trusts, NGOs, and charitable institutions are ineligible for small business working capital loans.
In a departure from most unsecured business or personal loans, neither banks nor Non-banking Financial Companies (NBFCs) mandate security or collateral for a working capital loan. A positive credit history may render you eligible for unsecured working capital loans.
The following documents are required in order to apply for a Working Capital Loan from Shivay Financial Consultant:
Photo Identity Proof (Any one):
Address Proof (Any one):
Proof of Income:
For Self-Employed Professionals / non-professional:
For Parntership Firm:
For Private Limited Company:
The monthly part-payment that you make to repay your Working Capital is known as an Equated Monthly Instalment (EMI). This monthly payment includes repayment of the principal amount of your loan divided over the period of the loan, with the agreed interest amount on the outstanding amount of your loan. Shivay Financial Consultant online Working Capital EMI Calculator is essential to make an up-to-date decision to execute your Working Capital Plan at optimum levels. This EMI calculator online aids you to perform complex computing functions to calculate your Working Capital Equated Monthly Instalment accurately in an instant.
The fees and charges of Working Capital usually vary from lender to lender and from case to case. The aforementioned table will give you a fair idea of the fees and charges related to Working Capital:
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 2 to 5% of the loan amount |
| Foreclosure Fee | Upto 4% |
| Stamp Duty Charges | As per State Law |
| Tenure | 24 to 36 Months |
I can't thank the loan company enough for their prompt and efficient service. From the moment I applied, the team guided me through the process seamlessly. The quick approval time exceeded my expectations, and their commitment to customer satisfaction is truly commendable.
Choosing this loan company was a game-changer for me. Their transparency in explaining terms and conditions was refreshing. The interest rates were fair, and there were no hidden fees. It's rare to find a lending partner that prioritizes honesty and integrity. I'll definitely be recommending them to friends and family.
The loan company stood out for its personalized approach. The team took the time to understand my financial needs and offered a range of flexible options tailored to my situation. The communication was excellent, and they made the entire process stress-free. I appreciate your dedication to customer satisfaction and will be a returning client in the future.
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