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| Loan Amount | ₹100,000 |
| Interest % | 8 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,699 |
| Total Interest | ₹ 4,386 |
| Loan Amount + Interest | ₹ 104,386 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 49,005 | ₹ 3,189 | ₹ 52,194 | ₹ 50,995 | 49.00 % | |||||||||||||||||||||||||||||||||||||
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| ₹ 50,997 | ₹ 1,197 | ₹ 52,194 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||
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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!
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
One of the most important steps. Now you will have to submit all the required documents digitally.
Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.
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 Upniva and you can be sure that it is worth the money.
To be eligible for working capital finances, you must be at least 21 years of age and no older than 65.
The Business vintage must be at least 3 years.
Must bring the latest Income Tax returns information
Business should not be blacklisted
The business location should not be in a negative location list
You will probably be asked to provide more information to prove that your business exists
Trust, small businesses, and NGOs are not eligible
PAN Card
Aadhaar Card
Driving Licence
Voter ID
Passport
Registered rent agreement
Current passport size photograph
Salaried income documents
Self Employed person documents
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Eligibility Criteria and Required Documents for Axis Bank Working Capital Loan |
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Note : *Documents may vary from one lender to another
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.
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.
Axis Bank provides resident individuals (with company registrations), proprietor firms, joint businesses, LLPs, Pvt. Ltd. organizations, and unregistered public companies with the overdraft as well as the cash credit option.
Axis Bank gives our lending facilities affordable interest rates. Each loan's interest rate is calculated based on an evaluation of your company's profile, prior performance, financial records, necessary loan amount, and loan tenure.
Only the amount that has been used, not the whole sanctioned limit, is subject to interest charges.
Axis Bank doesn't charge for annual reviews, so no. However, processing costs are charged for each renewal of an overdraft or cash credit.
The following collateral is needed against the facility:
Overdraft: Only real estate collateral is needed.
Cash Credit: In addition to property collateral, primary security in the form of stock and book obligations is required
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