What does Ratnaafin Capital lend?

Ratnaafin Capital writes cashflow financing, dropline overdraft, machinery loan, operating lease, overdraft / cash credit, purchase invoice discounting and 3 further products. Across those, observed facilities run ₹20 lakh to ₹8 cr.

What ticket size does Ratnaafin Capital offer?

Facilities observed on live transactions run from ₹20 lakh to ₹8 cr. The band differs by product, so the figure that applies to you depends on which facility you are asking for.

What rate does Ratnaafin Capital charge?

Rates observed on live transactions fall between 13% and 21% a year. Tenures run 6 to 24 months. These are observed figures, not a quote, and the rate you are offered depends on your file.

How long does Ratnaafin Capital take to disburse?

About 11 days from application to disbursal at the median, where the file is complete. Missing financials, unresolved security or a pending no-objection from an existing lender are what usually stretch it.

What are Ratnaafin 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.

Lender profile

Ratnaafin Capital business loans

Ratnaafin Capital is on Recur Club's lender panel, writing cashflow financing, dropline overdraft, machinery loan and 6 other products. Observed tickets run ₹20 lakh to ₹8 cr, priced between 13% and 21%. Median turnaround from application to disbursal is about 11 days.

✓Tickets from ₹20 L – ₹8 Cr across 9 products
✓Indicative pricing 13% – 21%, as quoted on live transactions
✓Around 11 days from application to disbursal when the file is clean
✓We check your fit against every lender on the panel, not just this one

Check your fit →See a typical term sheet

Products live

₹1.5 Cr

Median sanction

Days median turnaround

Sanction letters read

— The screen your file has to clear

The screen your file has to clear

What is checked before anything else, and applies to every product below.

Behaviour & gates

Borrower: age ≥2y (sales invoice discounting, secured term loan)
age ≥3y (machinery loan)
CIBIL ≥650 (cohort ≈736)
avoid: Financial Services, Gambling and Betting, Tobacco Products (varies by product)
Private Limited, Public, Limited Liability Partner
Financials: EBITDA ≥₹-50cr (cohort ≈4.2) (secured term loan)

28 more ▾

EBITDA ≥₹-50cr (sales invoice discounting)
rev ≥₹50cr (cohort ≈76.3) (secured term loan)
rev ≥₹75cr (cohort ≈147) (purchase invoice discounting)
rev ≥₹75cr (working capital demand loan)
rev ≥₹50cr (machinery loan, sales invoice discounting)
TOL/adjusted tangible net worth ≤5
debt/EBITDA ≤4 (cohort ≈0.3×)
networth ≥₹5cr (cohort ≈36.2) (secured term loan)
networth ≥₹10cr (cohort ≈24.2) (purchase invoice discounting)
networth ≥₹10cr (working capital demand loan)
networth ≥₹5cr (machinery loan, sales invoice discounting)
debt/networth ≤4 (cohort ≈0.3×)
DSCR ≥1 (cohort ≈1.4×)
Deal: rate 13–16%
ticket ₹0–7cr (range across products — see matrix)
tenure 12–18mo (range across products — see matrix)
no PEP
Security (observed): Personal Guarantee Of Promoters / Directors / Property Owner (100%)
FD margin 10–15% (61%)
median ticket ₹3cr
median rate 15%
median turnaround 11d
Security asked in : Personal Guarantee Of Promoters/Directors (×2), 1st/pari-passu charge on current assets (×1), Fixed Deposit <5% (×1), FD margin 5–10% (×1)
Security asked in : Personal Guarantee Of Promoters/Directors (×50), FD margin 10–15% (×37), 1st/pari-passu charge on current assets (×34), FD margin 5–10% (×27)
Security asked in 2026: Personal Guarantee Of Promoters / Directors / Property Owner (×67), FD margin 10–15% (×41), FD margin 5–10% (×24), Escrow Of Cashflows (×7)
share → in-principle approval (initial interest): ≈16d
in-principle approval → sanction (underwriting): ≈2d
sanction → disburse (closing): ≈5d

— Products & indicative terms

What Ratnaafin Capital lends, and on what terms

What has actually been offered on live transactions, not brochure numbers. Treat them as the band you are likely to be quoted inside, not a promise. Open a row for that product's credit box.

Product	Ticket	Pricing	Tenure
Cashflow Financing▾▴ Turnaround ~9d Wins Asks for Legal / KYC (×1) Asks for Term sheet (×1) Behaviour & gates Offered terms (past deals): rate 14.5–17–21% ₹0.2–0.8–2 Cr 6–12–18 mo Turnaround: ≈9 days (share→disburse)	₹0.2–2 cr	14.5–21%	6–18 mo
Purchase Invoice Discounting▾▴ Turnaround ~50d Rejects Negative sectors Financial ServicesOthersGambling and BettingTobacco ProductsTextilesPaper & Packaging Wins Director overdue: 0.001 INR Cr Company types: Private Limited, Limited Liability Partner, Public Director CIBIL: 650 → funded cohort ≈726 Min EBITDA (₹cr): 0 → funded cohort ≈8.15 17 more ▾ ▴ Min revenue (₹cr): 75 → funded cohort ≈147 Debt / EBITDA: 4 → funded cohort ≈2.22 Min Networth: 10 INR Cr → funded cohort ≈24.23 Debt Service Coverage Ratio: 1 → funded cohort ≈2.92 Debt / Net worth: 4 → funded cohort ≈0.75 Offered terms (past deals): rate 14–14–16% ₹0.5–1–1 Cr 12–12–12 mo Turnaround: ≈50 days (share→disburse) Asks for GST / integration (×7) Asks for Debt schedule / sanction letters (×4) Asks for Legal / KYC (×3) Asks for Receivable/inventory ageing (×3) Asks for Provisional financials (×2) Asks for Term sheet (×2) Asks for Bank statements (×1) Asks for Cap table / equity (×1) Behaviour & gates Min tenure (mo): 12 Months Min ticket (₹cr): 0 Max tenure (mo): 12 Months Min rate (%): 13 Politically Exposed Person: No Max ticket (₹cr): 5 5 more ▾ ▴ Security required: ['Fixed Deposit 5 - 10%', 'Personal Guarantee of Promoters / Directors / Property Owner'], ['Charge On Current Assets - Second Charge', 'Personal Guarantee of Promoters / Directors / Property Owner'] Max rate (%): 16 rate — stated 13–16%, actually offered 14–16% → within stated band Amount — stated 0–5 Cr, actually offered 0.5–1 Cr → within stated band Tenure — stated 12–12 mo, actually offered 12–12 mo → within stated band	₹0.5–1 cr	14–16%	12 mo
Sales Invoice Discounting▾▴ Turnaround ~9d Rejects Negative sectors Financial ServicesGambling and BettingTobacco ProductsOthersTextilesPaper & Packaging Wins Director overdue: 0.001 INR Cr Company types: Private Limited, Public, Limited Liability Partner Min company age (yr): 2 Years Director CIBIL: 650 13 more ▾ ▴ Min EBITDA (₹cr): -50 Min Runway: 0 Months Min revenue (₹cr): 50 Debt / EBITDA: 4 Equity Raised: 0 INR Cr Min Networth: 5 INR Cr Debt / Net worth: 4 Debt Service Coverage Ratio: 1 Offered terms (past deals): rate 13–13.5–14% ₹8–8–8 Cr 12–12–12 mo Turnaround: ≈9 days (share→disburse) Asks for Receivable/inventory ageing (×2) Behaviour & gates Min tenure (mo): 12 Months Min ticket (₹cr): 0 Max tenure (mo): 18 Months Min rate (%): 13 Politically Exposed Person: No Max ticket (₹cr): 5 5 more ▾ ▴ Security required: ['Personal Guarantee of Promoters / Directors / Property Owner', 'Fixed Deposit 5 - 10%'], ['Fixed Deposit 5 - 10%', 'Personal Guarantee of Promoters / Directors / Property Owner', 'Escrow Of Cashflows'], ['Charge On Current Assets - Second Charge', 'Personal Guarantee of Promoters / Directors / Property Owner', 'Escrow Of Cashflows'] Max rate (%): 16 rate — stated 13–16%, actually offered 13–14% → within stated band Amount — stated 0–5 Cr, actually offered 8–8 Cr → exceeded stated ceiling Tenure — stated 12–18 mo, actually offered 12–12 mo → within stated band	₹8 cr	13–14%	12 mo
Secured Term Loan▾▴ Turnaround ~37d Rejects Negative sectors: Financial Services, Gambling and Betting, Tobacco Products, Textiles, Paper & Packaging Wins Director overdue: 0.001 INR Cr Company types: Private Limited, Public, Limited Liability Partner Min company age (yr): 2 Years Director CIBIL: 650 → funded cohort ≈736 20 more ▾ ▴ Min EBITDA (₹cr): -50 → funded cohort ≈4.15 Min Runway: 0 Months Min revenue (₹cr): 50 → funded cohort ≈76.35 Debt / EBITDA: 4 → funded cohort ≈0.32 Equity Raised: 0 INR Cr Min Networth: 5 INR Cr → funded cohort ≈36.22 Debt / Net worth: 4 → funded cohort ≈0.28 Debt Service Coverage Ratio: 1 → funded cohort ≈1.42 Offered terms (past deals): rate 13–14–15.5% ₹1–1.2–5 Cr 9–15–24 mo _(excl. 1 multi-product deal — no per-product split on record)_ Turnaround: ≈37 days (share→disburse) Asks for Provisional financials (×8) Asks for Term sheet (×8) Asks for Bank statements (×6) Asks for Receivable/inventory ageing (×5) Asks for Debt schedule / sanction letters (×3) Asks for GST / integration (×3) Asks for Legal / KYC (×2) Asks for Audited financials (×1) Behaviour & gates Min tenure (mo): 12 Months Min ticket (₹cr): 0 Max tenure (mo): 18 Months Min rate (%): 13 Politically Exposed Person: No Max ticket (₹cr): 7 5 more ▾ ▴ Security required: ['Personal Guarantee of Promoters / Directors / Property Owner', 'Fixed Deposit 5 - 10%'], ['Fixed Deposit 5 - 10%', 'Personal Guarantee of Promoters / Directors / Property Owner'], ['Charge On Current Assets - Second Charge', 'Personal Guarantee of Promoters / Directors / Property Owner'] Max rate (%): 16 rate — stated 13–16%, actually offered 13–15.5% → within stated band Amount — stated 0–7 Cr, actually offered 1–5 Cr → within stated band Tenure — stated 12–18 mo, actually offered 9–24 mo → floor & ceiling breached	₹1–5 cr	13–15.5%	9–24 mo

Also offered, with no terms observed yet: Working Capital Demand Loan, Dropline Overdraft, Machinery Loan, Operating Lease, Overdraft / Cash Credit.

— Typical term sheet

What a sanction from Ratnaafin Capital actually looks like

Reconstructed from real sanction letters. Small samples, so read them as observed rather than as a rule.

Specimen sanction

Representative of the median file. Your actual terms will move with rating, security cover and relationship.

Indicative

How often each clause appears

Share of the 41 sanction letters carrying the clause.

Other standing covenants44%

— Security & covenants

What they will ask you to pledge

Counted across the sanction letters read. A combination is normal, and most files carry more than one.

Cash security deposit3 letters
Cash Security Deposit3 letters
Post-dated cheques / auto-debit mandate2 letters
Cash Deposit2 letters
auto-debit mandate2 letters
Cash Collateral / Security Deposit1 letters

Cash security deposit ×3, Cash Security Deposit ×3, Post-dated cheques / auto-debit mandate ×2, Cash Deposit ×2, auto-debit mandate ×2, Cash Collateral / Security Deposit ×1

— Common questions

What borrowers ask about Ratnaafin Capital

What does Ratnaafin Capital lend?: Ratnaafin Capital writes cashflow financing, dropline overdraft, machinery loan, operating lease, overdraft / cash credit, purchase invoice discounting and 3 further products. Across those, observed facilities run ₹20 lakh to ₹8 cr.
What ticket size does Ratnaafin Capital offer?: Facilities observed on live transactions run from ₹20 lakh to ₹8 cr. The band differs by product, so the figure that applies to you depends on which facility you are asking for.
What rate does Ratnaafin Capital charge?: Rates observed on live transactions fall between 13% and 21% a year. Tenures run 6 to 24 months. These are observed figures, not a quote, and the rate you are offered depends on your file.
How long does Ratnaafin Capital take to disburse?: About 11 days from application to disbursal at the median, where the file is complete. Missing financials, unresolved security or a pending no-objection from an existing lender are what usually stretch it.
What are Ratnaafin 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.

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Last updated 13 October 2026

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 Ratnaafin Capital's current policy. Terms are set by the lender at the time of sanction.