# Ashika Capital business loans

> Ashika Capital is on Recur Club's lender panel, writing secured term loan.

Source: https://www.recurclub.com/lenders/ashika-capital
Last updated: 2026-10-20

Also offered, with no terms observed yet: Secured Term Loan.

## Eligibility

### Screening gates and observed behaviour

- Borrower: CIBIL ≥650 · pan-India
- Financials: TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · debt/networth ≤4 · DSCR ≥1
- Deal: rate 15–18% · ticket ₹100–1000cr · tenure 12–84mo
- Security (observed): 1st/pari-passu charge on current assets (100%)
- Security asked in 2026: 1st/pari-passu charge on current assets (×1)

## Common questions

### What does Ashika Capital lend?

Ashika Capital writes secured term loan.

### What are Ashika Capital's eligibility criteria?

The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page.

### What security does Ashika Capital ask for?

Observed across sanctions: 1st/pari-passu charge on current assets (100%).

### How do I apply to Ashika Capital?

You do not apply to Ashika Capital directly through Recur Club. Answer a short set of questions on Recur Market and your file is scored against Ashika Capital's own recorded criteria alongside every other lender on the panel, so you see where you fit before anyone is approached.

### Is Ashika Capital the right lender for my business?

It depends on which product you need, your sector and how your last two years of financials read. The credit box on this page is what Ashika Capital screens on; running your own numbers through Recur Market shows whether you clear it, and which other lenders you clear at the same time.

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Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of Ashika Capital's current policy.