Overview
Hamra Loan offers Working Capital Loans designed to provide businesses with the necessary financial support to overcome cash flow challenges and ensure smooth operations. Our mission is to empower businesses of all sizes to grow and succeed by offering flexible financing solutions.
Features:
- Flexible Financing: We offer Working Capital Loans customized to your business needs, providing the flexibility you require to manage your cash flow effectively.
- Reasonable Interest Rates: Our loans come with competitive interest rates, ensuring that you can access the funds you need without burdening your business with excessive costs.
- Quick Approval: We understand the importance of timely financial assistance. Our streamlined approval process ensures that you receive the funds you need promptly, allowing you to address cash flow issues without delay.
- Collateral Options: We provide flexible collateral options, allowing you to secure the loan with assets that best suit your business situations.
- Customized Repayment Plans: Our repayment plans are customized to your business’s cash flow cycle, offering flexibility and convenience.
Benefits:
- Enhanced Purchasing Power: With access to Working Capital Loans from Hamra Loan, your business gains greater purchasing power, enabling you to seize opportunities and invest in growth.
- Improved Liquidity: Our financing solutions enhance your liquidity, ensuring that you have the resources available to meet day-to-day operational expenses and unexpected financial demands.
- Business Continuity: By mitigating cash flow challenges, our loans help ensure business continuity, allowing you to focus on your core operations without disruption.
- Support for Growth: Whether you’re looking to expand your operations, launch new products, or enter new markets, our Working Capital Loans provide the support you need to fuel your business’s growth trajectory.
- Accessible Financial Support: At Hamra Loan, we believe that every business deserves access to financial support. Our inclusive approach ensures that businesses of all sizes and industries can benefit from our financing solutions.
Customer Segment
Manufacturers, Distributors, Retailers, Traders, Service providers
Eligible Entities
Sole Proprietorship Concern, Partnership Firm, LLP, and Companies
Eligibility criteria
Min business vintage of 3 years
Profitable entity for 2 years
Availability of Collateral (Residential/Commercial/Industrial Property/FDs/Liquid Securities etc
- he following documents are required along with your Working Capital-overdraft facility application:
- Kyc Documents–
- A copy of any of the following documents as identity proof:
- PAN Card
- Aadhaar Card
- Passport
- Voter’s ID Card
- Driving License
- A copy of any of the following documents as address proof:
- Aadhaar Card
- Passport
- Voter’s ID Card
- Driving License
- Electricity Bill
- Telephone Bill
- Income Proof : Bank Statement of Last 1 year.
- Financial Documents:
- Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being CA Certified/Audited Must UDIN
- Business Proof of continuation
- (ITR/Trade license/Establishment/Sales Tax Certificate)
- Other Mandatory Documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)]
- Property Documents.
- A copy of any of the following documents as identity proof:
Frequently Asked Questions
- Provides a buffer for unexpected expenses or emergencies.
- Prevents declined transactions or bounced checks.
- Offers flexibility in managing cash flow.
You can repay the overdraft by depositing funds into your account, either in a lump sum or through regular payments. The bank may automatically deduct repayments from your account if you’ve set up an arrangement.
No, an overdraft facility is different from a loan. With an overdraft, you have ongoing access to funds up to a certain limit, whereas a loan provides a lump sum of money that is typically repaid over a fixed period with interest.
