Working Capital Loan

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Working Capital Loan Overview

Merchant Cash Advance

Businesses today are actively using card payment devices to offer a convenient shopping experience to their customers. Point-of-sale machines not only offer the merits of cashless transactions; they can become instruments for availing working capital finance.

Increase Inventory

Add more inventory by availing a working capital loan and scale up the business.

Benefits & Features

No guarantors. No collateral

No guarantors or collateral is required to avail of our Chartered Accountant loan.

Tenure options

Choose from flexible repayment tenors – ranging from 12 months to 60 months.

Online account access

Get access to your loan account details and transact online through our Customer Portal. Log in with your user id / mobile number/ email and password.

Get Credit Ranging From ₹1 Lakh - ₹1 Crore

To ensure that you’re never short of funds, Merchant Cash Advance allows you to access quick finance up to Rs. 1 crore, depending on your monthly card settlement.

Loan Amount Up To 200% of Your Monthly Card Settlement

With Merchant Cash Advance, you can receive funds up to 200% of your monthly sales from card payment machines. Therefore, the higher you earn from card swipes, the higher the loan offer is likely to be.

Eligibility & Documents

The eligibility criteria for Merchant Cash Advance is fairly simple and user-friendly. Just ensure that the following terms are met:

  • Your business must have minimum operational history of 1 year
  • Minimum turnover of ₹20,00,000
  • Minimum card acceptance vintage of 6 months
  • Minimum monthly card volume of ₹5,00,000
  • Minimum of six settlements per month

Keep digital copies of the following handy at the time of application:

  • Documents pertaining to your current account for the last 12 months
  • VAT returns for the last six months prior to loan application
  • Card settlement statements for 3 months prior to loan application.
  • Yours and your promoter’s KYC documents

Ready to Apply

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How to Apply

Step 1

Click on Apply to go to our online form. Fill in detail and submit the form.

Step 2

Get an instant approval. Select your required loan amount and tenure.

Step 3

Our representative will get in touch to collect your documents.

Step 4

Amount will be credited to your account.

Fees & Charges

At Nitstone, we conduct business in the most transparent manner. This means, you’re only obligated to pay a processing fee of up to 2% for the loan. There are no hidden or pre-closure penalties during or after your application procedure.