Do I need to pay any additional charges for availing of a Working Capital Loan?

Yes, along with interest, there may be additional charges associated with a working capital loan:

• Processing Fees: Generally 1-2% of the loan amount.
• Documentation Charges: Small administrative fees.
• Prepayment Fees: Charged if repaid early.
• Late Payment Penalties: For missed payments.

Be sure to clarify these charges with your financial institution to avoid unexpected costs.