# Mufin Green business loans

> Mufin Green is on Recur Club's lender panel, writing operating lease, secured term loan.

Source: https://www.recurclub.com/lenders/mufin-green
Last updated: 2026-10-20

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

## Eligibility

### Screening gates and observed behaviour

- Borrower: age ≥2y (secured term loan, working capital demand loan only) · CIBIL ≥650 · avoid: Agriculture and Allied Industries, Auto Components, Automobiles, Aviation, Banking, Biotechnology, Cement, Chemicals, Consumer Durables, Defence Manufacturing, E-Commerce, Education and Training, Electric Vehicle, Electronics System Design & Manufacturing, Engineering and Capital Goods, Explosives, Arms and Ammunitions, Financial Services, FMCG, Food Processing, Gambling and Betting, Gems and Jewellery, Healthcare, Infrastructure, Insurance, Lottery Business, Manufacturing, Media and Entertainment, Medical Devices, Metals and Mining, Mining Companies, Mining Equipment, Mining Tech, Oil and Gas, Others, Paper & Packaging, Pharmaceuticals, Ports, Power, Railways, Real Estate (asset Light), Real Estate (non asset Light), Retail (Consumer Goods), Roads, SaaS, Science and Technology, Services, Services for Mining Industry, Steel, Tech Services, Telecommunications, Textiles, Tobacco Products, Tourism and Hospitality, Trading (varies by product) · Delhi (varies by product) · Private Limited, Public, Sole proprietorship, Limited Liability Partner (varies by product) · positive sector: Engineering, Procurement, and Construction (EPC), Renewable Energy (varies by product)
- Financials: rev ≥₹50cr (secured term loan, working capital demand loan only) · TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · debt/networth ≤4 · DSCR ≥1
- Deal: rate 15–20% · ticket ₹0.1–15cr · tenure 1–24mo
- Security (observed): FD margin 20–30% (100%) · Corporate Guarantee (100%) · 1st/pari-passu charge on current assets (100%) · FD margin 15–20% (100%) · Personal Guarantee Of Promoters/Directors (100%) · FD margin 5–10% (100%)
- median ticket ₹10cr
- median rate 14%
- median turnaround —
- Security asked in : Fixed Deposit <5% (×2), FD margin 5–10% (×2), FD margin 10–15% (×2), FD margin 15–20% (×2)
- Security asked in : FD margin 20–30% (×1), Corporate Guarantee (×1), 1st/pari-passu charge on current assets (×1), FD margin 15–20% (×1)

## Sanctioned terms (from 6 real sanction letters)

### Sanctioned amount: median ₹5 cr (₹5 cr–₹6.2 cr) · NEW ×6

- median ₹5 cr (₹5 cr–₹6.2 cr) · NEW ×6

### Typical security: Demand Promissory Note ×3, Security Cheques ×2, Electric Vehicle Batteries / Materials ×1, Bank Account / Cheques ×1, Post-dated cheques ×1, Personal Guarantee / Cheques ×1

- Demand Promissory Note ×3, Security Cheques ×2, Electric Vehicle Batteries / Materials ×1, Bank Account / Cheques ×1, Post-dated cheques ×1, Personal Guarantee / Cheques ×1

### Typical covenants: - Other standing covenants — 100% of letters

- Other standing covenants — 100% of letters

### Term sheet by ticket size: (facilities, largest first)

- (facilities, largest first)

## Common questions

### What does Mufin Green lend?

Mufin Green writes operating lease, secured term loan.

### What are Mufin Green'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 Mufin Green ask for?

Observed across sanctions: FD margin 20–30% (100%) · Corporate Guarantee (100%) · 1st/pari-passu charge on current assets (100%) · FD margin 15–20% (100%) · Personal Guarantee Of Promoters/Directors (100%) · FD margin 5–10% (100%).

### How do I apply to Mufin Green?

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

### Is Mufin Green 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 Mufin Green 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 Mufin Green's current policy.