Capital First Business Loan Interest Rates

Capital First Business Loan provides the necessary financial support which helps you to set up a new business project or use it for business growth and expansion. Capital First Business Loan Interest Rates offers at a competitive rate along with with offers top-up facility with a repayment tenure of 5 years. To get a lower Capital First Business Loan Interest Rates, you need to have high eligibility criteria. Your business must have a minimum track record of 3 years and also the turnover must be at least Rs. 1 crore for a lower Capital First Business Loan Rate Of Interest. But in case you have lower eligibility, then your Capital First Business Loan Interest Rates will be high. And you must know that, you need to pay a higher interest amount for a higher Capital First Business Loan Interest Rates.

Factors that affect Capital First Business Loan Interest Rates

In order to have a great experience in Capital First Business Loan, you can easily check your Capital First Business Loan Rate Of Interest using Capital First Business Loan Interest Rate Calculator based on your Capital First Business Loan Eligibility. You need to maintain a good credit score and your business must have a positive profit for the past 2 years which will lower your Capital First Business Loan Interest Rate. Also, paying your existing debts will improve your credit ratings which will lower down your Capital First Business Loan Interest Rates.

Following are some of the important factors that affect Capital First Business Loan Interest Rates-

• Age

  One of the crucial factor that affects Capital First Business Loan Interest Rates is the applicant’s age. The age limit ranges between 28 to 68 years. If you apply at a young age, your Capital First Business Loan Interest Rates will be low because of high repaying capacity. Also, many offers and benefits are provided. But if you apply at an old age, then your Capital First Business Loan Interest Rates will be high because of his/her reduced repaying capacity.

• Business Stability

  Capital First Business Loan Interest Rates gets highly affected by your business stability or continuity. A stable business continuing for a minimum of 3 years generating growth in sales and positive profit for the last 2 years will lesser your Capital First Business Loan Interest Rates. If the business yields a minimum business turnover of Rs. 1 crore, then it will help to lower your Capital First Business Loan Interest Rates.

• CIBIL Score

  The CIBIL score showing your credit history is also very important factor in deciding your Capital First Business Loan Interest Rates. Low CIBIL score of less than 750 will lower your Capital First Business Loan Interest Rates. But high CIBIL score of 750 or above will lesser your Capital First Business Loan Interest Rates. So, it is very helpful to have a disciplined repaying habit which will increase your CIBIL score and decrease your Capital First Business Loan Interest Rates.

• ITR

  The ITR details of is also another factor that hugely affects Capital First Business Loan interest rates. You need to produce the ITR file of the last 2 years with the updated bank statement of last 6 months which lowers your Capital First Business Loan Interest Rates.

• Housing Situation

  Another important factor that affects Capital First Business Loan Interest Rate Calculator is your housing situation. If you stay in a rented house or flat, then you are burdened with paying the rent which basically reduces your repaying capacity increases your Capital First Business Loan Interest Rates. Whereas if you stay in your own residential house, then your repaying capacity is not hampered and so you will have a lesser Capital First Business Loan Interest Rates. Also, if you own your workplace, then your Capital First Business Loan Interest Rates will be low.

• Existing Debt

  Your existing debts like EMIs or credit card dues play an important role in affecting Capital First Business Loan Interest Rates. Any debts reduce your repaying capacity and in turn increases your Capital First Business Loan Interest Rates. Also you need to know that in case your existing debts consumes a maximum 40% of your monthly income then your Capital First Business Loan Interest Rates will be high. But you can opt for balance transfer and top-up loan to lower down your Capital First Business Loan Interest Rates. Moreover, you need to pay all your remaining debts on time to lower down your Capital First Business Loan Interest Rates.

• Geographical Location

  Another the most important factor that affects Capital First Business Loan Interest Rates is definitely your geographical location. Rural area based geographical location increases your Capital First Business Loan Interest Rates. Whereas, urban area or metropolitan city based geographical location lowers your Capital First Business Loan Interest Rates. Also staying in any red marked area pointed by financial institutions will increase your Capital First Business Loan Interest Rates.