Capital First Business Loan

Business Loan

Quotes from 18 banks | Instant Approval | Maximum Loan Eligibility

    Almost done, few more details required.

    Get easy business loans from Capital First to expand your business and increase the productivity. Both existing and new customers can apply for the loan. The loan is available for the maximum period of 48 months, which menas to comes to you with flexible tenure options. In order to know more about the product, just read the post below.

    Capital First Business Loan Interest Rates

    ParticularsDetails
    Rate Of Interest16.00% - 24.00%
    Loan Amount₹1,00,000-9,00,000
    TenureUp to 48 months (4 Years)
    Processing Fee2.49% of the loan amount
    Foreclosure Fee5% of the outstanding principal amount after 6 months of disbursal

    Capital First Business Loan for Self Employed with No Income Proof

    Worried how can you get the business loan with no income proof? If that is the case, you need not to worry as you can still avail the loan. Wanna how? Read below.

    There are a lot of renowned NBFCs available in the market, best known for offering the business loan to self-employed having no income proof. And, Capital First in one such reputed financial company  that gives the required funds to such individuals. The lender offers the loan of up to ₹9 Lakh within 5 minutes after confirming the details of a self-employed applicant. There are few KYC documents that a self- employed needs to submit in order to get the business loan without having and income proof. Read the post below to know the documents required for the same.

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    Documents Required: (For Self-employed with No Income Proof)

    • Passport-Photograph
    • PAN Card
    • Current Residence Proof
    • Office Address Proof
    • Business Registration Proof
    • 3 Months Bank Statement
      Note: Ownership proof either residence or office should be owned in the current city.

    Documents Required: (For Self-employed with Income Proof)

    • PAN Card – For Individual / Partnership Firm / Company
    • Identity Proof – Anyone (e.g. Voter ID / Driving License / Passport / Aadhar Card)
    • Address Proof – Anyone (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)
    • Ownership proof of either residence or office either in the name of applicant or jointly with family members
    • Business Continuity Proof – Anyone document dated 5 years old (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / Certificate of Incorporation / Partnership Deed)
    • Letter certifying end use of the business loan funds on Business Letterhead
    • Passport Size Photographs of all applicants and co-applicants

    How To Apply

    The eligible candidates can apply for Capital First business loan by visiting the nearest branch office. They can apply online using the internet. Just login the official website and click on the apply now button. To apply the candidates can also call on 1800-103-2791 .

    Capital First Business Loan EMI Calculator

    EMI calculator is the calculator used to compute the value of monthly installment. The calculator assists in the calculation and makes it quick and simple. The details regarding the loan amount, tenure and rate of interest are to be placed in the calculator to get the result. EMI thus, calculated is the sum of the principal amount and the rate of interest.

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    Let’s get more clarity on the same with the help of an example below, showing the EMI and Interest Outgo of the loan.

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 8,00,00016%1₹ 72,585₹ 71,016₹ 8,71,016
    ₹ 8,00,00016%2₹ 39,170₹ 1,40,092₹ 9,40,092
    ₹ 8,00,00016%3₹ 28,126₹ 2,12,523₹ 10,12,523
    ₹ 8,00,00016%4₹ 22,672₹ 2,88,267₹ 10,88,267

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    YearPrincipalInterestBalance Amount
    1₹ 1,55,115₹ 1,16,951₹ 6,44,884
    2₹ 1,81,837₹ 90,229₹ 4,63,047
    3₹ 2,13,162₹ 58,904₹ 2,49,884
    4₹ 2,50,182₹ 22,182₹ 0

    Capital First Business Loan Eligibility Criteria :

    The candidates belonging to following categories are eligible to apply for the loan –

    • Self- employed individuals / professionals
    • Sole proprietorship firms
    • Partnership firms
    • Private limited companies and closely held limited companies
    • Doctors

    Capital First Business Loan Application Form

    You can fill the application form online and get the loan instantly. Just be careful while entering the details in the following sections:

    • Personal details
    • Loan details
    • Financial details

    Factors Affecting Business Loan Eligibility:

    • Past Loan Track
    • Credit Bureau Update
    • Repayment capacity of customer
    • Business Longevity
    • Financial Ratios of the company

    Capital First Customer Care Number

    Feel free to confront your queries and doubts. Contact the customer care executive on the toll – free number 1860-500-9900. The number is accessible from Monday to Saturday between 9:00 AM to 7:00 PM. The new customers can call on 1800-103-2791 or can visit the nearest Capital First Branch.

    Features and Benefits

    • Repayment in easy equated monthly installments
    • Quick loan processing
    • Door to door service
    • Simple documentation

    Personal Loan Interest Rates July 2018
    Bajaj Finserv10.99% - 16.00%
    Fullerton India14.00% - 33.00%
    HDFC Bank11.25% - 21.25%
    ICICI Bank10.99% - 18.40%
    IndusInd Bank10.99% - 16.00%
    Kotak Bank10.99% - 20.99%
    RBL13.00% - 18.00%
    Standard Chartered Bank10.99% - 14.49%
    Tata Capital10.99% - 18.00%
    Home Loan Interest Rates July 2018
    State Bank of India/SBI8.45% - 9.00%
    HDFC8.50% - 9.15%
    Bank of Baroda8.50% - 9.50%
    LIC Housing8.45% - 8.90%
    PNB Housing Finance8.99% - 10.75%
    ICICI Bank8.55% - 8.80%
    Axis Bank8.50% - 8.85%
    Citibank8.40% - 9.20%
    Indiabulls Housing Finance Limited8.50% - 10.80%
    Kotak Bank8.60% - 8.70%
    DHFL9.05% - 9.95%
    Reliance Home Finance8.75% - 10.00%
    EMI Calculator