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Flexible repayment tenure | No hidden cost | Minimum processing fees | Zero foreclosure charges

Facing difficulty in running your business? Choose our working capital loan that has been designed to help businesses ensure their business continuity. 

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Working Capital Loan


Eligibility & Documentation

It's crucial for a business to be able to expand. A business cannot survive in this cutthroat economy without raising revenue and profit. There are several ways to increase revenue, from new products to performance marketing. All of this, however, requires a sizable sum of money. Banks and non-bank financial organizations in India offer unsecured business loans (NBFCs). The primary goal is to take care of a developing business's urgent needs.


The majority of financial institutions offer term and Flexi-loans to meet a company's business needs. Commercial Loans are another name for business loans. These loans are available to sole proprietors, closely held businesses, partnership firms, self-employed people, and business owners.


Make sure you satisfy all the requirements for business loan eligibility and submit all the SME loan-related documentation to ensure a seamless transaction. This will avoid inconsistencies in the loan application, guarantee a quick approval of your request, and provide you the longest possible loan term. To qualify for an unsecured business loan, a variety of standards must be satisfied.


My Mudra Working Capital Loan Eligibility Criteria


The following requirements must be satisfied in order to be eligible for a working capital loan.




The loan applicant must be between 22 and 62 years of age.

Work Experience

He or should have a business vintage of at least 3 years.

Annual Turnover

The applicant’s business must have a minimum annual turnover of ₹20 lakh.


The following are the documents that each person applying for a working capital loan from My Mudra Fincorp must submit in order to be considered for an SME loan or a business loan. These documents are relatively simple to obtain, as was already explained earlier.




· Company PAN Card, Director/Proprietor/ Partner PAN Card, Aadhaar Card, Passport.

· Proprietor/Partner/Director PAN Card, Aadhaar Card, Electricity Bill/Rent Agreement/Passport.

Business Address Proof

· Utility bills/ Rent Agreement.

Financial Documents

Bank account statement for the past 6 months.


*The aforementioned list of documents for a working capital loan is suggestive. Extra documents may be needed at the time of loan processing.


How to improve your Working Capital Loan Eligibility?

Follow these tips to improve your Working Capital Loan Eligibility –

Get Rid of Debts

Maintain a good repayment history by paying off your existing loans and liabilities on time without defaulting

Maintain a good CIBIL Score

Try to build a CIBIL score above 750

Do not apply for multiple loans simultaneously

Apply for a loan that fits your needs, raising multiple loan applications can decrease your credit worthiness

Choose a longer loan tenure

Opt for a longer repayment tenure that will allow you to disburse the overall due amount over a longer time span. This will also help in reducing the EMI amount.

Add Co-applicants

A co-borrower (a spouse, or parent) with a good income and credit score will boost your eligibility for a bigger loan amount.


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