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
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.
Tenure options
Choose from flexible repayment tenors ranging from 12 months to 60 months, depending on evaluation.
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.