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Eligibility and Documents for Fastest Working Capital Loans in India
2024-04-07
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Ensuring smooth operational flow and managing day-to-day expenses can pose challenges, especially during periods of reduced turnover. To address this, EnKash Capital offers Working Capital Loans, designed to bolster your business's liquidity, allowing for uninterrupted operations. Unlike traditional business loans, which cater to broader financial needs, Working Capital Loans are tailored to meet the immediate operational requirements of your business.
Below is a detailed overview of the eligibility criteria and document requirements for securing a Working Capital Loan with EnKash Capital, aimed at providing clarity and ease for prospective applicants.
Eligibility Criteria for Working Capital Loans:
  • Company Type: We welcome applications from a variety of business structures, including Proprietorship, Partnership, Private Limited, and Limited Liability Partnership (LLP).
  • Nature of Business: Our loans are available to a broad spectrum of sectors, such as manufacturing, wholesale/trading, retail, service provision, and others, recognizing the diverse needs across industries.
  • GST Turnover: For loan applications seeking amounts exceeding 10 Lakhs, we require GST statements from the past 12 months, showcasing the financial activities and turnover of the business.
  • Company Vintage: Eligibility extends to businesses that have been in operation for at least 12 months, underscoring the importance of stability and a proven track record.
  • Pin Code: Our services are accessible to businesses situated in over 5000 pin codes, ensuring wide reach and support across different regions.
  • Bureau Score Requirement: We adopt an inclusive approach to credit scores, offering opportunities for businesses with lower scores to obtain loans, provided other eligibility criteria are met. This flexibility ensures a wider array of businesses can access the financial support they need.
Minimum Document Requirements:
  • Individual KYC: PAN and Aadhar cards are required for all partners and directors in cases of partnership/LLP/Pvt Ltd applications.
  • Bank Statement: We require 6 months of statements for current and savings accounts, and 12 months for OD/CC accounts, to thoroughly assess the financial health and activity of the business.
  • Business Continuity/KYC: Documentation needed includes ITRs reflecting business sales, rent agreements, MSME registration certificates, GST registration, and more, covering a period of 24 or 36 months depending on the specific requirement.
  • GST Statement: Mandatory for loan requests above 10 Lakhs, we ask for up to 12 months of GST statements.
  • ITR: Two years of ITR filings are obligatory for loans exceeding 10 Lakhs, providing insight into the financial performance of the business.
  • Ownership Proof: We require the latest electricity bill, sale deed, property tax receipt, or rent agreement to verify the premises of the business.
  • Company KYC: Necessary documentation includes the partnership deed, Certificate of Incorporation (COI), PAN, Memorandum of Association (MOA), Articles of Association (AOA), and a list of directors and shareholders, tailored to the structure of the business.

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EnKash Capital's Working Capital Loans are tailored to meet the immediate financial needs of businesses, ensuring operational continuity and growth. Our streamlined process, facilitated through an innovative WhatsApp-based application system, allows business owners swift access to funds, supporting their ventures through periods of low turnover or cash flow challenges.
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Loan by Size

Small Business Loan upto 2 Lacs
Access up to ₹2L small business loans plus Prizes. No collateral, low rates, instant approval. Simplified WhatsApp process for manufacturers, traders & more.
Medium Business Loan upto 25 Lacs
Access up to ₹25L medium business loans plus Prizes. No collateral, low rates, instant approval. Simplified WhatsApp process for manufacturers, traders & more.
Large Business Loan upto 50 Lacs
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Loan by Industry Type

Manufacturing
Supercharge Your Manufacturing Venture with EnKash Capital’s Business Capital Loan!
E-Commerce
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Whole Sellers
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Various Loans Type

Working Capital Loan
Working capital loan at low interest rate
Amazon Seller Loan
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Flipkart Seller Loan
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Disclaimer
The information provided in this article is for informational purposes only and is not tailored to individual circumstances. It is not a substitute for personalized financial advice. Readers are advised to consult their financial advisors before making any decisions.
The contents may change, and the article is not intended for use where prohibited by law. Readers assume responsibility for any consequences of financial decisions based on the information herein.
The features, benefits, and offers are subject to change without notice. Readers acknowledge that the institution or its affiliates mentioned in the article are not responsible for consequences arising from financial decisions based on its contents.
EnKash Capital is a platform that connects businesses with different RBI-licensed NBFCs who are willing to offer lending options to the businesses. The loans offered on the platform are subject to the terms and conditions and loan approval process of the NBFC partners.

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Our innovative WhatsApp-based application system is designed for fastest business loan application approval with minimum documentation and basic eligibility.
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