Capital First Business Loan

 

About Capital First Business Loans

Founded in the year 2012 by V. Vaidyanathan, Capital First is an India-based Nonbanking Financial Company that offers easy debt financing services to MSMEs, small entrepreneurs and general consumers. The company has its headquarters in Mumbai and has successfully provided finance to more than 7 million customers so far. What sets Capital First apart from other financial institutions is how it has developed innovative financing models, particularly for the un-banked and under-penetrated segments in India. The company is listed in BSE and NSE, and had a market capitalization of ₹ 60.96 billion as of June 30, 2018.

With Capital First, you can avail a commercial or business loan ranging from ₹ 3 lakh to ₹ 75 lakh, and repay it in anywhere from 12 to 60 months. The financial company also offers the facility of topping-up existing loans. Having specialized in financing the small entrepreneurs and MSMEs, they very well understand the importance of business finance in different expansion phases of a business. They make business finance flexible and easy, with terms that can help anyone scale up their operations, based on their needs. Below provided are all pertinent details related to Capital First business loan eligibility criteria, features and charges.

Business Loan Eligibility Criteria

With regard to the Capital First business loan eligibility criteria, the company offers business loans to partnership firms, traders, manufacturers, retailers, sole proprietorship firms, closely held limited companies, private limited companies and self-employed professionals / individuals such as Doctors, CAs, company secretaries etc. Your annual turnover should be at least ₹ 1 crore and you should have been running the business for a minimum time period of 3 years. In addition, the last two years’ company profit after tax should be positive. The applicant’s age should be minimum 28 years and maximum 68 years (at the time of loan maturity). A good credit rating is a must. Following are more specific details on Capital First business loan eligibility criteria.

3

Years in currert business

₹ 50Lacs

Minimum Turnover

Capital First Business Loan Features / Details

Capital First offers unsecured business loans to a great multitude of self-employed professionals, self-employed businessman and medium, large and small enterprises in India. Top-up service is also available to business loan customers who might require more funding at a later date. You can avail a business loan ranging from ₹ 3 lakh to ₹ 75 lakh, without the need of any collateral or security. The repayment tenure can be flexible and you can choose any time period between 12 months to 5 years. Below you will find more and exact details related to Capital First business loan features.

16.00%

Interest Rate (Min)

1.5 – 3 Years.

Loan Tenure

₹ 10Lacs – 75Lacs

Loan Amount (Min – Max)

Capital First Business Loan Fees / Charges

Every Capital First business loan application involves a one-time processing fee of up to 3.5% of the loan amount. Apart from that various other charges might apply, for instance, EMI bounce charges, late payment fee, cheque swap charges, cancellation and rebooking charges, foreclosure or prepayment charges, duplicate NOC charges, account statement charges, document retrieval charges, stamping charges, EMI collection charges etc. The details of all these charges are given below.

1.00% of Loan Amount.

Processing Fees

0% of amount prepaid.

Pre-payment Charges

No

Part Payment Facility

0%

Part Payment Processing Fees