Take your business to a new level by availing finance from Capital Float. The organisation aims at providing funds to emerging enterprises that desire to expand their business. The loan is available for the amount ranging from Rs. 1,00,000 to Rs. 50,00,000. The tenure period stretches from 6 months to 3 years. However, the candidate can prepay the loan at zero percent charges after 30 days if in a position to do the same.

## Capital Float Business Loan Details

ParticularsDetails
Interest Rates16% p.a – 24% p.a
Loan AmountRs. 1,00,000 – Rs. 50,00,000
Tenure6 months – 3 years
Processing FeeUp to 2% of the loan amount
Prepayment ChargesNil

How To Apply

The customer can apply for the business loan either by visiting the nearest bank branch or online. To apply online register/ sign up on the official website of the Capital float .

### Capital Float Business Loan EMI Calculator

To ease your EMI calculation use the Business Loan EMI Calculator. The calculator computes the accurate value in the shortest time. You get to know the interest amount charged on the loan during the tenure and the amount of installment payable each month. Just feed the loan amount, the rate of interest and the tenure in the calculator to know your EMI amount.

For example – The person taking the loan of Rs. 50,00,000 at the rate of interest varying from 16% p.a – 24% p.a for the period of 3 years has to pay the installment ranging from Rs. 1,75,785 – Rs. 1,96,164 for 36 months.

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Table Showing EMI, Total Interest, and Total Repayment Amount

Loan Amount (In Rs.)Interest Rate (p.a)Tenure (In years)EMI (In Rs.)Total Interest Amount (In Rs.)Total Amount (Principal + Interest) (In Rs.)
50,00,00016% – 24%14,53,654 - 4,72,7984,43,851 - 6,73,576
54,43,851 - 56,73,576
50,00,00016% – 24%22,44,816 - 2,64,3558,75,573 - 13,44,53258,75,573 - 63,44,532
50,00,00016% – 24%31,75,785 - 1,96,16413,28,266 - 20,61,91363,28,266 - 70,61,913

Amortization Table

YearPrincipal Payment (In Rs.)Interest Outgo (In Rs.)Balance Amount (In Rs.)
11,289,759 - 1,409,842699,578 - 1,064,2093,590,158 - 3,710,241
21,635,729 - 1,652,716456,704 - 718,2391,937,442 - 2,074,512
31,939,755 - 2,078,359171,989 - 279,470

Features And Benefits

• No collateral or security required
• No hidden cost and charges
• Zero prepayment charges after 30 days
• Minimum documents required

### Eligibility Criteria for Capital Float Business Loan

An applicant is eligible to avail the loan if he/she fulfills the following criteria :

• Applicant is engaged in B2B services, manufacturing services or distributor services
• Applicant’s business must have minimum operational history of 3 years
• Annual business turnover must be over ₹1 crore or audited financials
• Applicant’s CIBIL score should be over 650

Documents Required

• VAT returns for the last 12 months
• ITR – Financial documents for the last 2 years
• KYC documents of the applicant and the organization
• Bank statements for the last 6 months
• Loans or overdraft sanction letters (if any)

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