Working Capital Loans
One of the biggest issues MSMEs battle is cash flow constraints. FinBox working capital loans are short-term credit designed for MSME customers for their day-to-today operational needs. For you, such loans help build a loyal customer base and boost retention, thanks to flexible tenures and instant disbursals.
About the Working Capital Loan#
- Loan amount up to 5 lakhs
- Loan tenure can be from 1-36 months. It is decided by the lender.
- Instant approval
- Completely digital loan application
- Loan amount is disbursed in 24-48 hours
- Collateral-Free loans
- Transparent loan application process with no hidden fees
- Multiple Repayment Modes
- Prompt customer support
- Flexible repayment - Customers can pay the EMI before the due date.
User Journey#
Part 1 - Apply for the working capital loan#
- User sees a loan offer banner - The user clicks the banner which initialises the SDK powered by FinBox.
- User gives the consent to share data - User gives the consent to share the credit history, device data (DeviceConnect), bank statements (BankConnect), GST (if applicable)
- Complete the e-KYC - User completes e-KYC by submitting PAN Card, Address proof - Aadhaar or Passport, Selfie and Business registration proof.
- User creates a mandate - The user can chose from e-NACH and physical mandate for the convenience of the user.
- User signs the loan agreement - User digitally signs the loan agreement and completes the application journey.
- Loan disbursal - Loan amount gets credited to the user account within 24-48 hours.
Part 2 - EMI Repayment#
- Payment Reminder - We remind the customer to pay the emi through app notifications and sms.
- Automatic deduction by NACH presentation - NACH is presented for the EMI deduction.
- Borrower can choose to repay before the due date via the app