Working Capital
Availability : Out Of Stock
Product/Service details
Specifications
Category : Loans
Description
Enhance Business Momentum With Working Capital Finance
Key Features
- Working capital assistance for working capital requirements of the MSMEs.
- Option to choose banking platform from multiple banks (IDBI/CUB/Yes Bank)
- Seamless approval as per customer instructions for setting Drawing Power.
- Single window for term loan customer to avail working capital facilities.
- MCLR Linked attractive rate of Interest.
Eligibility
- New and existing entities who do not enjoy working capital facility from any other bank/ financial institution.
- Takeover of working capital accounts as a part of term loan takeover may be considered subject to standard guidelines.
- No defaults to Bank/FIs.
Working Capital ( Swift Policy )
Key Features
- Working capital assistance in form of Overdraft Facility for working capital requirements of the MSMEs.
- Paperless in-principle offer letter upon completion of Digital Journey.
- No requirement for submission of monthly/ quarterly statements (Stock/ Book Debt/ QIS etc.)
- Low processing fees of 0.25% at time of sanction and 0.10% p.a. at time of review/renewal.
- Option to choose banking platform from multiple banks (IDBI/CUB/Yes Bank).
- MCLR Linked attractive rate of Interest.
- Assistance upto Rs.3 crore.
Eligibility
- Existing entities having 3 years of operations.
- Should not avail working capital/ over-draft facility from any other bank/ financial institution.
- No defaults to Bank/FIs.
Terms & conditions
This offer is valid until stocks last or till the offer ends. Final Price is inclusive of the offer. Offer is applicable on select products and brands. In the event the user returns any/all products in the order placed during the Offer Period, thereby not maintaining the minimum purchase value, as required to avail the Offer, he/she shall not be eligible for the Offer. Accordingly, the amount availed as a discount under the Offer shall stand deducted from any refund(s) processed for the returned product(s).
Working Capital loan
