Maintain an uninterrupted business cycle with a working capital loan

A working capital loan is a business loan that is solely designed to help your business and to ensure that it functions without any interruption. The loan can be customized to suit your needs and it carries a competitive rate of interest. With the documents in place, your application for working capital loan will be processed and approved within no time. With hassle free online transactions, payment of EMI is quick and easy. Before approaching a lender for a business loan, it is advisable to research the different lenders and gain an insight into the interest rates and the terms and conditions for the loan amount. Expansion of your business has never been easier; you can now achieve your long term business goals without worrying about the finances on hand.

The documentation is simple and the entire process is transparent. Documentation for the application includes identity proof, address proof, signature verification, photographs, audited financial statements and pro forma income statement and balance sheet of the business. Many lenders do not require security against the loan. The decision to sanction the loan will be purely based on the profile of the applicant and viability of the business to generate profits in the future. There is also an option to prepay the loan in the future, thus providing all the flexibility to the borrower. Prepayment of loan will save you from the interest payments in the coming months.

The hassle free loan has a long tenure and low rates of interest. With a flexible repayment schedule, the working capital loan will boost your business and help it grow. The entire process is quick and the loan is processed within a period of 10-15 days. The loan will provide you with the freedom of a flexible repayment tenure that comes with a low rate of interest and has a prompt customer service that helps you throughout the entire process. Working capital loan has a transparent application process as well as a quick and hassle free approval process which is ideal for the applicants.

What is important is to check the total interest amount payable at the end of the loan duration. Based on the same, the borrower can compare interest rates and then choose the most suitable one. Banks offer different rates and different tenures; hence the borrower should research and compare the rates before making a decision. Financial Institutions offer competitive interest rates and also provide schemes for the same. A good credit score helps with the approval of the loan and also offers easier and flexible repayment terms. Holding a positive credit history will ensure that the loan process is hassle free and much quicker. Whether you are seeking finance for expansion of business, or payment to the suppliers, there are different options for you to choose from. Based on the many options and different interest rates, pick the one that is most suitable for your needs. It is important to keep in mind that the monthly installments should be repaid on time. In case of default, the lender may seek legal action which in turn will affect the credit score. Seeking finance is a simple process with easy and transparent steps.

Grow your business with a working capital loan and make the most of the financing available for you. You can calculate the EMI payable by you using the EMI calculator. All you need to do is provide the interest rate and the tenure, based on the same, your monthly EMIs will be calculated which will give you an idea about the repayment requirements.

Hero FinCorp is a diversified financial services provider in India. We are an associate company of Hero MotoCorp Ltd.