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.
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 working capital loan.
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 for working capital loan:
- 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 ApplyApply Now
How to Apply
Click on Apply to go to our online form. Fill in detail and submit the form.
Get an instant approval. Select your required loan amount and tenure.
Our representative will get in touch to collect your documents.
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.