Capital First Business Loan

Why would you choose Capital First Business Loan?

Capital First Business Loan offers business finance to large as well as small and medium enterprises. With Capital First SME Loans, you get to enjoy immediate cash to take care of the small and medium business venture. Capital First Business Loan process offers easy and fast loan disbursal with simple paperwork. On top of existing Capital First Business Loan, you can avail Capital First Business Loan top up at an attractive interest rate. Based on Capital First Business Loan eligibility, you can avail Capital First Business Loan interest rate at an affordable range. You can easily obtain Capital First Business Loan up to Rs. 75 lakhs with a flexible loan tenure up to 5 years. You can easily repay Capital First Business Loan with easy EMI option. Here are the reasons as to why would you choose Capital First Business Loan-

• You do not have to keep any mortgage or collateral to avail Capital First Business Loan.
• Based on Capital First Business Loan details, you can avail loan amount starting from Rs. 3 lakhs to Rs. 75 lakhs.
• Capital First Business Loan interest rate is quite attractive based on your eligibility criteria.
• You can easily check Capital First Business Loan status after you opted for Capital First Business Loan apply online.
• To financially support small and medium enterprise, Capital First SME Loans is available at a lower interest rate.
• You can easily go for Capital First Business Loan top up on the existing loan. You can use the top-up loan to meet your business needs.
• To avail business loan from Capital First, you need to go through very simple paperwork. Capital First Business Loan documents requirement is very minimum.
• You need to fulfill Capital First Business Loan eligibility which is very minimal.
• Capital First Business Loan interest rate is very affordable based on your credit history, business profit and repaying ability.
• You can repay Capital First Business Loan with flexible EMI facility which suits your monthly budget.
• With the help of Capital First Business Loan EMI calculator, you can easily evaluate the EMI amount which you need to repay on a monthly basis.

Capital First Business Loan Eligibility Criteria

You need to have a minimum CIBIL score of 750 or above and must yield business profit for the last 2 years to satisfy Capital First Business Loan eligibility.

Factors that affects Capital First Business Loan Eligibility

There are some important factors that affect Capital First Business Loan eligibility which are explained below-

Age

A very important factor that affects Capital First Business Loan eligibility is your age. If you apply for the loan within 28 to 68 years, you will satisfy Capital First Business Loan eligibility. The early you apply for the loan, the higher will be the repaying capacity and also will be higher Capital First Business Loan eligibility.

Business Profitability

There is a positive relationship between your business profitability and Capital First Business Loan eligibility. If your stable business yields profit for the last 2 years, your Capital First Business Loan eligibility will be high. Also, if a company’s profit after tax (PAT) is positive over the last 2 years, then it would positively affect Capital First Business Loan eligibility.

CIBIL score

One of the most important factor that affects Capital First Business Loan eligibility is the CIBIL score or credit score. Your credit history and creditworthiness is understood by your CIBIL score. You need to have a minimum CIBIL score of 750 or above to have high eligibility for the loan. But Capital First Business Loan eligibility will be low if your CIBIL score is below 750.

Turnover

The minimum business turnover greatly affects Capital First Business Loan eligibility. Your business turnover must be a minimum of Rs. 1 crore or more to suit the eligibility criteria. If the business turnover is below Rs. 1 crore, then Capital First Business Loan eligibility criteria will be low.

Capital First Business Loan Document Requirements

You need to undergo very simple paperwork to avail Capital First Business Loan. Here are the details of Capital First Business Loan documentation-

• Application form
• ID proof- Driving License, PAN card, AADHAAR card, Passport
• Passport size Photograph
• PAN card for Company/Firm
• Proof of Business continuity- ITR/Sales Tax Certificate/Trade License/Establishment.
• ITR copy and Balance Sheet (audited) of the last 2 years.
• Validated Bank a/c Statement of the last 6 months
• Essential documents- Partnership Deed/Vat registration/MOA & AOA/Shop Act License
• Address proof- Passport, AADHAAR card, Driving License, Utility Bills

Capital First Business Loan Interest Rate & Charges

*interest rate value varies from time to time