Who We Are
Working Capital Loan Overview
Merchant Cash Advance
Businesses today are actively using card payment devices to offer a convenient shopping experience to their customers. Point-of-sale machines not only offer the merits of cashless transactions; they can become instruments for availing working capital finance.
Increase Inventory
Add more inventory by availing a working capital loan and scale up the business.
Benefits & Features
No guarantors. No collateral
No guarantors or collateral is required to avail of our working capital loan.
Tenure options
Choose from flexible repayment tenors – ranging from 12 months to 60 months.
Online account access
Get access to your loan account details and transact online through our Customer Portal. Log in with your user id / mobile number/ email and password.
Get Credit Ranging From ₹1 Lakh - ₹1 Crore
To ensure that you’re never short of funds, Merchant Cash Advance allows you to access quick finance up to Rs. 1 crore, depending on your monthly card settlement.
Loan Amount Up To 200% of Your Monthly Card Settlement
With Merchant Cash Advance, you can receive funds up to 200% of your monthly sales from card payment machines. Therefore, the higher you earn from card swipes, the higher the loan offer is likely to be.
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 handy at the time of application for 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 prior to loan application.
- Yours and your promoter’s KYC documents
Ready to Apply
Apply NowHow to Apply
Step 1
Click on Apply to go to our online form. Fill in detail and submit the form.
Step 2
Get an instant approval. Select your required loan amount and tenure.
Step 3
Our representative will get in touch to collect your documents.
Step 4
Amount will be credited to your account.
Fees & Charges
At Nitstone, we conduct business in the most transparent manner. This means, you’re only obligated to pay a processing fee of up to 2% for the loan. There are no hidden or pre-closure penalties during or after your application procedure.