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Capital First Business Loan is a financial institution that specializes in providing debt financing to consumers and Micro, Small and Medium Enterprises (MSMEs) in India. Business loans offered by Capital First can be used for business expansion thus making the procurement easy for its customers. The company offers business loans to small, medium and large enterprises, and professionals. Loan Top-up facility is also available for its existing customers.

Capital First Business Loan 2020
Interest Rate21% onwards
Age CriteriaMin. 28 years & Max. 68 years
Loan TenureUp to 5 years
Loan AmountUp to Rs. 75 lakh
Loan Top-up OptionAvailable for existing borrowers
Company TurnoverRs. 1 crore or more
Profit after tax (PAT)Positive for the last 2 years
Credit ScoreAbove 750
Business existenceMin. 3 years
Collateral RequiredNo

Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges

Capital First provides business loans to various segments which are as follows:

  • Retailers
  • Manufacturers
  • Traders
  • Sole Proprietorship Firms
  • Private Limited Companies and Closely-held Limited Companies
  • Partnership Firms

Self-employed individuals / Professionals – CAs, Doctors, etc.

Benefits of Capital First Business Loan

Fast Processing: Capital first loan approval process is really speedy which processes your loan application in 72 hours after the documents are submitted.

Extensive range of Loan Amount: Business and commercial loans offered to consumers starts from Rs. 3 lakh and goes maximum up to as high as Rs. 75 lakh

No Collateral Required: As the business loan offered by Capital First is an unsecured loan, hence no collateral is required by the lender before loan sanctioning. The vendor should possess a good credit score in order to get the loan sanctioned at a comparatively low-interest rate. However, a good credit score is generally considered to be 750 or above.

Flexible Tenures: The borrowers have the freedom to repay the loan amount with a flexible tenure that starts from 1 year and goes up to 5 years. Flexible tenures on business loans make the repayment easy for its borrowers.

Documents Required:

Photo Identity Proof·         Passport

·         PAN Card

·         Voter’s ID card

·         Driving License

·         Aadhar Card

 

Address Proof·         Passport

·         Bank Account Statement

·         Aadhar Card

·         Driving License

·         Electricity & Telephone Bill

·         Ration Card

·         Sale Deed

·         Property Purchase agreement

 

 

Income Proof

 

·         Latest ITR

·         Latest Audited Financials

·         Bank statement of last 6 months

 

Business Proof

 

·         Qualification certificate/Certificate of practice (COP)

·         Shop Act License/MOA & AOA

·         Vat registration

·         Partnership Deed

Business Loan EMI Calculator

Capital first offers its online tool which is Business Loan EMI Calculator that provides access to consumers in checking their loan EMIs as per their desired loan tenure. Interested applicants can provide loan related information that includes interest rate, loan tenure and loan amount by just using the sliders on its business loan EMI calculator. Checking loan EMI is as necessary as your business expansion as it gives a fair idea of the amount you need to have spares in order to repay the business loan.

How to apply for a business loan with Capital First?

Step 1: Fill in the application form online at the company’s official website with all required details.

Step 2: Submit all your necessary documents to company’s relationship manager who will come to your desired location and collect the documents for further loan related processes.

Step 3: Post document submission, your submitted documents will be verified by the lender and accordingly, will have a personal discussion.

Step 4: After the verification is complete the lender shall disburse the loan amount to your mentioned bank account.

 

Toll Free Number: 1860-500-9900

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