Capital First Business Loan - Apply Online @16%

Anytime there is a need for additional funding to take your business to the next step make use of the Capital First Business Loan option that is available to each and everyone. Getting all details about a business loan and finding the best bank is now very simple and easy through Finance Buddha. Apart from offering the best and informative services to its customers, Finance Buddha will help you with tips and suggestions of how to get a business loan. Here you can find all necessary information related to business loan, it’s a one stop solution for all business loan necessities before applying for the loan.

Institution Type: NBFC

Minimum Loan Amount: ₹ 1,000,000

Maximum Loan Amount: ₹ 7,500,000

Minimum Tenure: 12 months

Maximum Tenure: 60 months

APR: 16.00% - 24.00%

Fees & Charges: Up to 2% + GST as applicable

Here are some of the interesting features and benefits of Capital First. These are the reasons why business loan from this bank is of high demand.

• Quick Loan Disbursal.
• Low interest rates.
• Online loan request option available.
• Low pre-payment charges also waiver is offered after few months.
• Can instantly check loan eligibility.
• Avail attractive interest rates.
• Collateral-free Loans - No Guarantor / Security required.
• Repay with easy EMIs.
• Speedy Loan processing and approval.
• Disbursal in 2 Days.
• Loan upto ₹ 7,500,000.
• Door-to-door service.
• Top-up loan option is offered.
• Less documentation.

Capital First is one of the best banks that offer flexibility to its customers. The features and benefits mentioned above will give more clarity as to why this is the most preferred bank. This is one of those banks that offer highest loan amount of ₹ 7,500,000, of course there are lots of terms and conditions that need to be met, but being so flexible in offering loan amount is the highlight. It is a known fact that business needs will be always huge amount, getting decent loan amount from bank will help meet various necessities.

Apart from this the other highlighting feature is the excellent customer service. Irrespective of what benefits are offered by the bank, if the customer service is not upto the mark, it is very difficult to gain customer satisfaction and retention. These are main reason Capital First is a preferred source for business loans.

Directly applying for a business loan with a bank is not an easy task. There are lots of formalities and getting to know their eligibility criteria and document requirements is another challenge. Other than this it will be very difficult to check and compare between different banks or NBFC, its features, offers and other requirements. This is when Finance Buddha comes into play, it offers a platform where you can search and apply for loan with banks and can also compare and choose the best one from the list of alternatives available.

Eligibility to apply for Capital First Business loan depends on below factors:

• You should be between the ages of 23 to 65 years.
• Business making profit for the last 1 year.
• Current business experience requirement is of 48 months.
• Total business experience should be 60 months.
• The loan amount can be from the lowest ₹ 1,000,000 and can vary up to ₹ 7,500,000.

The below table can give an overview of the rates and charges by Capital First, this will help you to check if your business needs can be met through a business loan from this NBFC:

This table gives a detailed picture of what would be charges implied on a business loan for self-employed versus salaried individual:

Some of the common documentation for business loan from Capital First is listed below.

Copy of PAN Card of Entity, Directors/ Partners/Proprietors,  Security providers and guarantors

Some other document requirements are:

• Occupancy Certificate
• Approved Plan of building
• Share certificate copy
• Chain of deeds in case of resale property
• Property Card
• Nil Encumbrance Certificate- EC ( if applicable)
• Current Sale agreement/ Draft Agreement

Apart from what is mentioned above, there is additional documentation requirement according to whether you are self-employed, salaried or other categories:

For Self-Employed Individuals or Proprietors:

1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificates
2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
3. Latest 12 months bank statement- Savings Account and Current Account
4. Existing Loans’ Sanction letters accompanied with repayment track
5. Business profile on the letterhead of the company

For Salaried Employees:

1. Last 2 years Form 16 or Income Tax Returns
2. Last 3 months’ salary slips
3. Last 6 months bank statement reflecting salary credits

For Partnership Firms:

1. Age proof of all the partners in the form of PAN Card, Passport or Aadhar Card
2. PAN Card of the company
3. Residence proof of all the partners –Utility Bills/ Passport/Bank statement/ Registered rent agreement
4. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
5. Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.
6. Latest 12 months bank statement of the Company and of the Partners’ Savings Bank Account
7. Partnership deed
8. Existing Loans’ Sanction letters accompanied with repayment track
9. Business profile on the letterhead of the company.

For Private Limited Companies:

1. Application form duly filled with photographs of directors.
2. Age Proof of Directors- PAN Card, Aadhar Card, passport
3. Residence Proof of Directors- Utility Bills/ Passport/Bank statement/ Registered rent agreement
4. PAN Card of Company
5. Education Qualification- A professional qualification certificate in case of Doctors/CA/Architects
6. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
7. MOA, AOA, List Of Directors, Share Holding Pattern of the Company
8. Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.
9. Latest 12 months bank statement of Company of all current accounts and the same for Director’s Savings Bank Account
10. Existing Loans’ sanction letter with repayment track of company and Individual Directors
11. Business Profile on the Letter Head of the Company