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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


Interest Rates & Charges

A working capital loan is a sum of money that a business gets to pay for costs that it can't afford on its own. While their new company is starting off, some business owners utilize working capital loans to pay for salaries and wages, while others borrow money for office supplies, inventory, or business projects. Business owners should make sure they have a thorough plan in place since lenders want to know how the company intends to use the borrowed funds. It's crucial to make a good first impression on lenders in order to avoid having your loan application rejected.


Applicable Fees


Interest rate


A working capital loan interest rate ranges between 15% and 28% which would help you control costs and keep your EMIs manageable. You may be confident that your experience will be affordable when combined with our other reasonable fees and distinguishing features.


Processing charges


For loan processing, verification, and other administrative services, we charge a small processing fee. Our fee is between 2 % of the approved loan value, along with the applicable taxes.


Foreclosure charges


Prepaying a business loan is a wise move that will keep costs down and interest rates low. You can prepay our loan whenever you can and will only be charged a small cost for doing so. This sum represents 5% of the outstanding principal plus any relevant extra taxes.

Working Capital Loan

Types of Working Capital Loan Interest Rate

There are two kinds of Working Capital Loan interest rates: fixed and floating.

Fixed Interest Rate

Here, the rate of interest charged on the Working Capital Loan amount will remain constant throughout the loan repayment period. You know your Working Capital Loan EMI obligation at the start of the tenor, allowing you to plan your monthly budget accordingly.

Working Capital Loan
Working Capital Loan

Floating Interest Rate

Here, Working Capital Loan interest rates could change depending on changes to the Marginal Cost of Lending Rate (MCLR), which is the base rate set for banks by the RBI. With changes in MCLR, the interest rate on loans also gets revised. With a lower interest rate, the repayment amount also reduces. On the other hand, if the interest rates increase, your EMI obligation will also increase. A floating Working Capital Loan interest rate makes it difficult for you to ascertain your monthly financial obligation.

Working Capital Loan Interest Calculation Method

There are two methods to calculate interest: flat rate method and the reducing balance method.

In the flat interest rate method, the interest rate is based on the complete loan amount you pay during the repayment period. In case of reducing the balance method, the rate of interest on the Working Capital Loan will be considered and calculated on the basis of the outstanding loan amount.

Flat Interest Rate Calculation

EMI = (principal + total interest payable) / loan tenure in months i.e. total interest payable = P x r x n/100

Where, ‘P’ is the principal loan amount, ‘r’ is the rate of interest, and ‘n’ is the loan tenure in months.

Floating Interest Rate Calculation

EMI = [P x r x (1 + r) ^n] / [(1 + r) ^(n-1)]

Where, ‘P’ is the principal loan amount, ‘r’ is the rate of interest, and ‘n’ is the loan tenure in months.

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