Unsecured loan is a loan that is issued and supported only by the borrower's creditworthiness, rather than by any type of collateral. An unsecured loan is one that is obtained without the use of property as collateral for the loan. These are highly flexible loans that can be used for a wide range of purposes, including working capital, expansion capital, asset purchase and more. Typical tenure of such loans is6-36 months.
In association with Digital Payment Solution Companies
Enjoy the benefits of having a loan limit assigned to you with easy daily repayment. Get the full amount in your wallet/ account upfront.
These short-term small instantly approved loan are basis your Business Transaction Volumes with Digital Payment Solution Companies. These usually will come with daily repayment instalments adjusted from your daily settlements.These are typically 90 days renewable loans granted for 360 days. Financial statements or bank statements are not mandatory for assessment in this case hence doing away with the hassles of paperwork to a major extent.
Loan based on debit/ Credit Card Swipe volumes
If you are trader or retailer and have EDC/ POS machine installed then this loan option make lots of sense for you. These loans can be offered for tenures upto 12 months. The eligibility will be derived basis the average monthly credit through the EDC/ POS machine. Repayments will be Card- sales linked.
These are loans which are meant for companies which regularly file GST returns. These are loans upto 12 months and the eligibility gets calculated basis last 12 months GST return filings.
Supply Chain Finance is a Short-Term Working Capital finance meant for Dealers/ Suppliers/ Distributors ("Spoke") having business relationships with Large & Mid-Size Corporates ("Anchor") to optimise working capital requirements of both Spoke & Anchor. These are basis all transactions linked to a base document (Invoice) between the Anchor & the Spoke.
With Loan Against Shares/ Securities you can quickly unlock the potential of your investments. All you have to do is pledge your equity shares, mutual funds, bonds or securities and get access to instant liquidity. This is usually in the form of Overdraft facility.
Debt Consolidation is combining several secured or unsecured debts like mortgage loan, credit cards, medical bills, personal loans, payday loans, gold loan, loan against securities, etc into one loan. In effect, multiple debts are combined into a single, larger piece of debt, usually with more favorable pay-off terms: a lower interest rate, lower monthly payment or both. Instead of having to write checks 5 to 10 creditors every month, you consolidate bills into one payment, and write one check. This helps eliminate mistakes that result in penalties like incorrect amount or late payments. Any savings could be used to start an emergency fund to help prevent a future financial crisis.
We have partnered with large number of Banks/NBFCs to help Borrowers access finance conveniently through MudraCircle.
Email MudraCircle at [email protected] to find out how will we help you.
With a simple online form, dedicated account manager and fast decision, you can stay focused on your business while we focus on your loan.
You'll get a dedicated Account Manager you can write/ speak to straight away. They'll answer any questions and guide you through the process.
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