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Kotak Mahindra Bank Working Capital Loan
To help its applicants with their company-related needs, Kotak Mahindra Bank provides working capital loans with terms of up to 7 years. For their working capital needs, reputable corporations in the fields of healthcare, FMCG, manufacturing machinery, healthcare supplies, textiles and clothing, electronic devices, IT, engineering products, etc. can apply for working capital loans. These loans are created using a financial as well as qualitative study of the working capital requirements of certain firms. Working capital financing can be utilized to meet season-dependent monetary requirements, maintain cash flow imbalances, and make short-term payments to suppliers.Powered By
Kotak Mahindra Bank Working Capital Loan
Apply Now
Here are a few factors
| Location | Anywhere within reach of Kotak Branch | ||||||||||||
| Applicant | Any Self Employed Person | ||||||||||||
| CIBIL Score | 700+ | ||||||||||||
| Product |
| ||||||||||||
| Loan Amount | 10 lac to any amount | ||||||||||||
| Rate of Interest | 9% to 18% | ||||||||||||
| Processing Fees | 0.10% to 2% | ||||||||||||
| Tenure | Term Loan-3 Year to 15 Year OD/CC Limit- 1 Year revolving | ||||||||||||
| Business Vintage | 2 year | ||||||||||||
| Foreclosure Charges | Nil for MSME | ||||||||||||
| Program |
| ||||||||||||
| Whether Moratorium Period allowed | Yes vary from project to project | ||||||||||||
| Working Capital Assessment | 20% of last turnover or as per business working cycle | ||||||||||||
| Collateral Coverage | 20% to 200% |
Required Documents to Apply for Kotak Mahindra Bank Working Capital Loan
A. Document List
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Business Profile of applicant
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Provisional Balance Sheet of applicant if applicable
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CoProjections of Next 3 year for Working Capital and 5 year to for Loan Tenure for Project Loan
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration if available
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Copy of Last 12 month GST return
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Copy of all Approvals and/or affiliations received
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Property Paper with complete chain of last 13 years
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Sanction letter of all running loan
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Existing Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders/Partners on Letter head as the case may be
Applicant may be
- Company
- Partnership Firm/LLP
- Proprietorship Firm/Individual
- Company-Directors
- Partnership Firm/LLP-Partners
- Proprietorship/Individual-Spouse of Proprietor/Individual
- Company : MOA, AOA, COI & PAN Card of Company
- Partnership Firm/LLP : Partnership Deed & Pan Card of Firm/LLP
- Individual : PAN Card, Aadhar Card, Pan Card & Passport Size Photo
About Kotak Mahindra Bank Working Capital Loan
Many people have the ambition to start their own business or, if they already have one, to expand and improve it. Everyone, whether SMEs or multinational corporations, will require finances at some point. Banks such as Kotak Mahindra Bank offer business loans specifically for this reason.
Kotak Mahindra Bank has the right resources at the right time which is vital to your company's success. Our Working Capital Loans are intended to provide your company with the financial freedom it requires to succeed. They are here to help you manage day-to-day spending, capitalize on possibilities for expansion, or optimize your cash flow.
Advantages of Getting a Working Capital Loan from Upniva
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.
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Minimal Documentation
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Rapid Procedure
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Instant Approval
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Determined Loan Tenure
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Low-Interest Rates
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Wide Range of Lenders
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No Collateral Required*
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Flexible EMIs
Factors You Need to Consider Before Applying for a Working Capital Loan
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.
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Examine your loan’s needs.
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Do proper research to get the best rate
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Examine your credit report
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Carefully read the fine print on your loan agreement.
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Assess your repayment ability before deciding on a loan term
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Select a reasonable interest rate.
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Examine your EMIs thoroughly
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Examine the processing costs
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Depending on your option, choose a fixed or variable interest rate
Invest in your dreams. Get a Working Capital Loan.
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!
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.
What is a Working Capital Loan?
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.
FREQUENTLY ASKED QUESTIONS
Business owners might obtain a working capital loan to cover their short-term operating demands. It aids companies in controlling daily expenditures like hiring staff and purchasing goods, as well as additional operational costs.
Working capital loans have interest rates that are decided by a number of variables, including the applicant's financial standing, the business's financial stability, the loan size, the loan's length, and current market circumstances.
Kotak Mahindra Bank offers you the chance to prepay your loan amount.
Yes, Kotak Mahindra Bank allows customers to apply online.
You may connect to the bank's online banking interface to access your Kotak Mahindra Bank loan summary.
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