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Working Capital Loan

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Overview

A Working Capital Loan is a loan to help businesses fund their day-to-day or short-term operations. A working capital business loan can be used for the following purposes-

  - Procure raw materials
  - Purchase inventory
  - Pay for overhead costs like electricity, rent, salaries and other utilities
  - Finance blocked payments from debtors
  - Pay suppliers in advance
  - Maintain a healthy level of cash

 

Who needs working capital loans?

This form of financing is a good source of capital for small and medium enterprises (SMEs) and is especially suitable for seasonal or cyclical businesses that don’t have sustained or stable sales all year round and need liquidity (cash in hand) to meet their everyday operating costs.
Seasonal businesses manufacture during the off-season to be able to sell aggressively during the peak season. As a result, they receive a chunk of payments only during the peak season, while through the rest of the year, they need funds to sustain operations you can use a working capital loan.
 

When do you need a working capital loan?

There can be several times when your business can need small business working capital financing:

  - Helps you manage sales fluctuations
  - Acts as a cash cushion
  - Prepares your business to take up a bulk order
  - Stabilises and boosts cash flow
  - Equips you to leverage business opportunities

To help you fuel your business’ growth, Bajaj Finserv offers easy Working Capital Loans up to Rs.30 lakh at an interest rate starting from 18% that can be conveniently repaid across a tenor of 12 to 60 months.
 

Working Capital Loan: Features and Benefits

  • Unsecured Working Capital Loan up to Rs.30 lakh

    Working Capital finance up to Rs.30 lakh can be availed without providing any security to help you continue running your business without any financial roadblocks. These loans thus keep your assets safe.

  • Hassle-free loans approved in 24 hours

    Easy-to-meet eligibility criteria and a quick loan application process make it easy to avail working capital finance. Bajaj Finserv approves your working capital loan application in 24 hours and you only have to submit 2 documents to avail the finance.

  • Flexible withdrawals and repayments

    A unique offering from Bajaj Finserv, Flexi Loans are the smartest way to manage your dynamic business’ working capital needs. With this facility, you can borrow and pay interest only what you need. Here, you can repay the loan as you receive payments at no prepayment charge. This facility helps you lower your working capital loan EMIs by up to 45%.

  • Pre-approved offers

    Pre-approved offers

    Bajaj Finserv brings you pre-approved offers on your working capital loan application, which not only simplifies the loan process but also helps you save on time. Just share a few basic details and check your pre-approved offer.

  • Track your working capital loan online

    Know all your loan-related information with an easy-to-use online account. Through Experia, Bajaj Finserv’s customer portal, you can see all the details pertaining to your working capital loan at a glance. This includes principal and interest statements, outstanding balance and more. You can also request additional funds or make payments towards your working capital loan through this account.

Working Capital Loan FAQs

How do you calculate working capital requirement?

Working capital is calculated by subtracting the value of all current liabilities from that of the current assets.

Working capital = Current Assets - Current Liabilities.

Current assets owned by the company include inventory, cash in hand, advance payments, etc. Current liabilities may include short-term debts, unpaid expenditures, outstanding payments to creditors, etc.

What is the interest rate for working capital loan?

Bajaj Finserv offers competitive rates of interest on Working Capital Loan, starting from 18%.

What is the eligibility criteria for working capital loan?

To avail a Working Capital Loan from Bajaj Finserv, you need to meet simple eligibility criteria.

  • Age to be within 25 to 55 years
  • A minimum 3 years of business vintage
  • IT returns to be filed for at least 1 year

How to apply for working capital loan?

The process to apply for a working capital loan is simple.
 

Benefits of Working Capital Finance for your Business

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