Who We Are
Working Capital Loan Overview
Merchant Cash Advance
Businesses today increasingly use card payment devices to offer convenient billing experiences to customers. Point-of-sale machines not only support digital transactions; they can also help eligible businesses access structured working capital solutions.
Increase Inventory
Add additional inventory through a suitable working capital facility and support your business operations.
Benefits & Features
Tenure options
Choose from flexible repayment tenors ranging from 12 months to 60 months, depending on evaluation.
Online account access
Access your loan account details and manage transactions online through our Customer Portal. Log in using your user id / mobile number / email and password.
Get Credit Ranging From ₹1 Lakh - ₹1 Crore
Eligible applicants may apply for finance up to ₹1 crore, subject to internal review and based on monthly card settlement performance.
Loan Amount Up To 200% of Your Monthly Card Settlement
Loan Amount Up to 200% of Your Monthly Card Settlement With a Merchant Cash Advance, you can apply for amounts up to 200% of your monthly sales through card payment machines. Higher card settlements may lead to higher eligible limits after assessment
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 documents ready while applying for a 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 before loan application
- Your KYC documents and promoter KYC documents
Ready to Apply
Apply NowHow to Apply
Step 1
Click on Apply to access our online form. Complete the details and submit the application.
Step 2
A Nitstone representative will review your application and contact you to discuss the next steps.
Step 3
Provide the required documents for verification.
Step 4
Loan processing will proceed according to standard verification and approval procedures. T&C*
Fees & Charges
Fees & Charges
For personal loans up to INR 3 lakh
Types of fees Charges applicable
| Interest Rate | 16 % to 25 % |
|---|---|
| EMI Bounce Charges | INR 100+ GST for every bounce |
| Penalty charges | INR 500+ GST |
| Processing Fee | 1 % to 2 % on Loan Amount |
| Part Prepayment | 1 % on the part payment amount |
| Foreclosure Charge | 1 % on principal outstanding |
| Convinience Charges | Rs.2000 |
- Foreclosure charges apply on the current principal outstanding.
- Part payment must exceed 1 EMI.