Purpose
✅ Meet daily operational expenses and short-term needs.
✅ Buy raw materials, pay salaries, or manage overheads.
✅ Handle seasonal demand or bridge payment cycles.
Eligibility Criteria
❇️ Business Age: Minimum 1–2 years of consistent operations.
❇️ Annual Turnover: Should meet basic lender requirement.
❇️ Credit Score: Must reflect timely repayment history.
❇️ Cash Flow: Strong and predictable revenue flow.
Key Features
☑️ Loan Type: Overdraft, cash credit, or short-term loan.
☑️ Tenure: Usually 12–36 months for fast cycle funding.
☑️ Quick Disbursal: Fast processing and approval.
☑️ No Collateral (Optional): Based on lender and business profile.
☑️ Flexible Usage: Use funds as per business needs.
Documents Required
❇️ Business KYC: PAN, GST, license, or registration.
❇️ Financial Records: Profit & loss, balance sheet.
❇️ Bank Statements: Last 6–12 months.
❇️ ITR: Income tax returns for 2–3 years.
Fees & Charges
☑️ Processing Fee: Charged for loan sanction.
☑️ Interest Rates: Competitive rates depending on risk profile.
☑️ Renewal Fee: For extending the facility beyond original tenure.
☑️ Late Payment Penalty: For missed EMIs or dues.
