Working Capital Loan

Every business needs adequate working capital to meet its day-to-day operational expenses and ensure smooth cash flow. At Mera Loan Doctor, we help businesses access customized Working Capital Loans in the form of Cash Credit (CC), Overdraft (OD), Bank Guarantee (BG), and Letter of Credit (LC) to keep your operations running without financial stress.

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Personal Loan

Features of Working Capital Loan

  • Flexible financing options (CC/OD/BG/LC) tailored for different business needs.
  • Ensures uninterrupted cash flow for smooth operations.
  • Short-term and medium-term financing available.
  • Competitive interest rates with quick approval process.
  • Limits sanctioned based on turnover, credit history, and business strength.
  • Helps manage supplier payments, stock purchases, and day-to-day expenses.

Loan Top-Up Eligibility

  • Proprietors, Partnership Firms, LLPs, Pvt. Ltd. Companies, and Corporates.
  • Minimum 2–3 years of business vintage.
  • Satisfactory credit score and repayment history.
  • Positive turnover with stable business operations.
  • Compliance with bank/financial institution requirements.

Documents required to apply for Loan Top up

  • KYC Documents (PAN, Aadhaar, Address Proof of applicant/business).
  • Business Proof (GST Registration, Trade License, Partnership Deed/COI).
  • Financial Statements (last 2–3 years balance sheet, P&L).
  • Bank Statements (last 6–12 months).
  • Income Tax Returns (business and personal).
  • Any other documents requested by the lender.

Fees and Charges for Loan top up

  • Processing Fee: 0.5% – 2% of the sanctioned limit (varies by bank).
  • Interest Rate: Competitive, based on business profile & creditworthiness.
  • Renewal Charges: Applicable for CC/OD limits.
  • Other charges as per bank guidelines.

FAQs on Loan Against Property

What is the difference between CC and OD?

Cash Credit (CC) is offered against stock/debtors, while Overdraft (OD) is a limit against fixed deposits, property, or other securities.

Any business needing to assure a supplier or authority of payment/performance obligations.

LC is issued by a bank guaranteeing payment to a supplier, often used in imports/exports.

Usually, a minimum business vintage of 2–3 years is required, though certain schemes may support startups.

Most working capital facilities are revolving credit (CC/OD) or contingent liabilities (BG/LC), reviewed annually.