Nitthish Finance
Secured Working capital loan
Secured Working capital loan
(Interest Only loan)
A Working Capital Loan with an Interest-Only Repayment Option from Nitthish Finance is designed to support your business while helping you manage monthly cash flow. The loan is secured by mortgaging an eligible property, and the customer pays only the agreed interest amount each month during the loan period. The principal loan amount is repaid in full on or before the end of the agreed loan tenure, subject to the terms and conditions of the loan agreement.
Apply Loan NowKey Features
Higher Loan Amount
From 20,000 to 25 Lakh
Flexible Repayment Options
10 to 60 Months
Interest Rates
Starting at 18% p.a
Who Can Apply?
Eligibility Criteria
- Business: The applicant must have a business
- Age: 25 to 65 years for salaried; 25 to 70 for self-employed
- Employment: Minimum 2 years for salaried; 3 years for self-employed
- Minimum income: ₹25,000 per month for salaried; ₹3 lakh per annum for self-employed
- CIBIL score: Minimum 700; 750+ preferred for best rates
- Property type: Residential, commercial, or industrial with clear title
- Property age: Well-maintained; approved by lender's valuation team
- Nationality: Indian resident
Application Documents
Documents Required
Basic Business Information
- Business/firm name
- Type of business: Proprietorship / Partnership / LLP / Private Limited Company
- Nature of business
- Business address
- Number of years in the current business
- Number of employees
- Business registration details
- Annual turnover for the last 2–3 years
- Net profit or income
- Monthly sales
- Existing business loans and EMIs
Business Registration Documents
- GST registration certificate, if applicable
- Udyam/MSME registration certificate, if available
- Shop and Establishment licence, if applicable
- Trade licence or other industry-specific licences
- Certificate of Incorporation for companies/LLPs
- Partnership deed for partnership firms
- Memorandum and Articles of Association for companies
Identity and address proof
- Aadhaar card
- PAN card
- Voter ID or passport
- Utility bill for address verification
Income Proof
- Salaried: Latest 3 months' salary slips, Form 16 for 2 years, ITR
- Self-employed: ITR for 2-3 years, audited financials, GST returns
- Bank statements: Last 6-12 months of primary account
Property Verification
Required Property Documents
- Sale deed or title deed
- Chain of title documents
- Encumbrance certificate
- Property tax receipts (latest)
- Building plan approvals
- Occupation certificate (for residential)
- Society or association NOC (if applicable)
Loan Information