Industries require timely capital funding to remain ahead in the market. In order to scale operations, improve working capital, and invest in new machinery, industrial loans can be the vital piece in achieving sustainable business growth. Today Finserv is here to help with its bespoke Today Finserv Industrial Loan tailored to the modern requirements of businesses.
What is an Industrial Loan?
An industrial loan is a specific category of business financing focused on manufacturing firms, production plants, logistics facilities, and other large-scale industrial operations. The funds can be allocated for a variety of purposes from buying industrial equipment and expanding infrastructure to upgrading technology, managing operational expenditures, or fulfilling working capital requirements.
Industrial loan have unique industry-specific considerations including greater flexibility, higher amounts, and more tailored frameworks compared to traditional business loans. Today Finserv prioritizes accessibility, efficiency, and transparency streamlining industrial loan for faster approval and disbursement.
Why Select Today Finserv Industrial Loan?
Today Finserv differentiates itself within the financial services space by providing dedicated loan products for specific business needs. Below are the reasons why selecting Today Finserv Industrial Loan is beneficial:
High Loan Amounts
Adequate financing is essential for the successful implementation of any industrial project. Based on your business profile, financial standing, and funding requirement, Today Finserv offers loans between ₹10 lakhs and ₹5 crores.
Flexible Repayment Tenure
Loan repayment should not strain business operations, and with Today Finserv flexible tenures ranging from 12 to 60 months, businesses can manage cash flow and repay comfortably.
Competitive Interest Rates
Today Finserv makes sure that competitive and affordable interest rates are provided, customized according to the borrower’s credit score, business age, and financial metrics.
Quick Loan Processing
At Today Finserv, time-sensitive approvals are supported with fast processing and often expedite disbursal, helping businesses seize time-sensitive opportunities. Capable partners within industry and other corporate loan spaces often require speedy access to funds during critical business moments.
Minimal Documentation Required
Today Finserv is dedicated to ensuring streamlined funding access, and in doing so simplifies the application process through minimal documentation.
The Today Finserv Industrial Loan Overview
Here’s a quick overview of the features:
- Loan Amount ₹10 Lakhs to ₹5 Crores
- Tenure 12 to 60 months
- Interest Rate Starts from 10.5% per annum (subject to eligibility)
- Processing Time 48 to 72 hours
- Collateral Secured and Unsecured Options
- Documentation Minimal & Hassle-Free
- Loan Utilization Equipment Purchase, Factory Expansion, Working Capital, Infrastructure Projects
Who is Eligible to Apply?
The Today Finserv Industrial Loan is applicable to various sectors such as:
- Manufacturing Units
- Engineering Firms
- Automobile and its Ancillaries
- Pharmaceutical companies
- Textile and Garment Factories
- Food Processing Units
- Warehousing and Logistics
- Construction and Real Estate Developers
Basic Requirement for Eligibility
For obtaining a Today Finserv industrial loan, the following basic requirements must be satisfied:
- The enterprise has to be registered in India.
- Minimum 3 years of operations.
- Annual turnover of 1 crore or more.
- Favorable credit rating (CIBIL score of 700+).
- Relevant financial documents including ITR, bank statements, and audited financial statements.
Required Documents
Make sure you have the following for your application:
- PAN card of the business and signatories
- Registration documents (GST, Udyam, MSME Certificate, etc.)
- Proof of address (utility bills, lease agreement, etc.)
- ITR records and financial statements for the last 2-3 years
- Bank statements for the last 6-12 months
- For loans concerning expansion or purchasing machinery, a project report is needed
Application Process
The Today Finserv Industrial Loan Application is simple:
- Online Application: Navigate to the Today Finserv webpage and complete the form.
- Document Submission: Provide all requested documentation.
- Verification: Assessment of your application and documentation is performed by the credit team.
- Approval: After approval, a loan offer with terms and conditions is sent to you.
- Disbursal: After acceptance, the loan value is transferred to your bank account.
Benefits for Your Business
A Today Finserv Industrial Loan provides the following benefits to your business:
Enhanced Productivity
Obtain the latest machinery and expand plants to enhance production capabilities.
Satisfy Market Needs
Effortlessly fulfill bulk and seasonal demands without cash flow strain.
Improve Working Capital
Pay for day-to-day operations like the purchase of materials, employee wages, and utilities.
Gain a Competitive Edge
Focus on research and development, automation, and other areas of innovation to stay ahead of your rivals in the market.
Improve Financial Health
With structured repayment and clear terms, managing your repayment reducing your liabilities is possible.
Why Today Finserv Stands Out?
- Your Trusted Financial Partner: Over 10,000 businesses in India served
- Presence All Over The Country: Metros and tier 2 and 3 cities
- Customer First: Designated relationship managers and 24/7 helpline
- Transparency: No hidden fees, full disclosure of conditions
Ready to Grow? Apply Now!
Your vision is a step closer from reality with Today Finserv Industrial Loan. Whether you are an established business, or a growing enterprise, our loan solutions will cater to your ambitions.
With the charge of industrial advancement shaping the economy, it is imperative to have the most effective financial support. Today Finserv Industrial Loan provides all the essentials and more, with speed, flexibility, straightforwardness, and low cost. If you’re wishing to enhance your business, augment operations, or improve technology, count on us and leap with Today Finserv and access your industrial capabilities now.
