Merchant cash advance
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.
MudraCircle has kept the eligibility requirements to the bare essentials in order to process business loans faster.
- 3 Years of business vintage
- Applicant & Co-applicant- KYC
- One year bank statement
- last three year's of ITR
We do not require too many documents or unnecessary paperwork that can hold-up the loan approval process
- KYC- Pan card, Adhar Card
- One year bank statement PDF
- Vintage proof -Gumasta, Udyog adhar
- House proof- electricity bill
- Office proof- Rend agreement
- GST returen- latest one year
- GST certificate