Working capital loan India
Working Capital Loan India
Working capital loans are the loans that are provided by the business administration for funding everyday operations. This loan is for small and medium enterprises to fulfill requirements for working capital. The loan amount for working capital differs from bank to bank and also the interest rate and repayment tenure. The loan amount provided by the banks is used for various purposes such as paying employee wages, debt payments, purchasing raw materials and inventory, paying suppliers, managing overhead costs, etc.
Apply Online Click Here:-Working Capital Loan
Interest rate
6.00% onwards
Loan amount
200% of the property value
Processing fee
Between 0.50% to 2.00%
Rate of interest and processing fee by top banks in India
Bank name Interest rate Processing fee
Digibank (DBS)
8.00%
0.50%
City Union Bank Ltd.
8.50%
0.50%
DCB Bank Ltd.
8.50%
0.50%
Bandhan Bank Ltd.
9.00%
0.50%
Axis Bank Ltd.
7.50%
0.50%
Canara Bank
8.00%
0.25%
Bank of India
8.50%
0.25%
Bank of Maharashtra
9.00%
0.25%
Bank of Baroda
9.35%
0.35%
Central Bank of India
8.50%
0.20%
IndusInd Bank
9.00%
0.50%
Kotak Mahindra Bank
9.00%
0.50%
Indian Bank
8.75%
0.25%
Equitas
9.00%
0.50%
HDFC Bank Ltd.
7.50%
0.50%
Indian Overseas Bank
8.45%
0.25%
Eligibility criteria for working capital loans
- Working Capital Loan India The age limit of the borrower should be between 21 to 65 years of age.
- Credit score must be 750 or above.
- Work experience of salaried individual for a minimum of 3 of 5 years.
- The nature of business should be in manufacturing and trading.
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