Capri Global Business Loan
Last Updated : Oct. 17, 2016, 9:47 a.m.
Now your possessions can help you get the business loan from Capri Global. Avail the benefit of a loan by mortgaging your assets and utilise the sum either in the expansion of your running business or to buy new assets. The loan is available for the maximum amount of Rs. 5 Crores. The company takes 7- 15 days in verification and decision making. The disbursement amount is decided as per the customer’s efficiency. The rate of interest also depends on the same factor. At Capri Global loans are available for the highest tenure of 120 months (10 years). The customers with good credit history and occupational stability can avail loan for the higher amount. The customised services are ensured through income eligibility programs.
Capri Global Business Loan Details
| Particulars | Details |
|---|---|
| Rate Of Interest | Customised |
| Loan Amount | Rs. 5,00,000 – Rs. 5,00,00,000 |
| Loan Tenure | 12 months – 10 years |
| Type Of Loan | Secured |
How To Apply
The application process is very simple. All you need to do is fill the enquiry form available at the Capri Global’s official website. To apply you can even call on the customer care number.
Capri Global Business Loan EMI Calculator
Want to know the accurate EMI amount without engaging in long calculations. Try the Business Loan EMI Calculator that helps you get the correct details of loan repayment amount. The calculator eases the task of computing the EMI value and reveals the total interest payable on the loan amount. Using a calculator, you can also check and compare the amount of EMI and interest amount chargeable on various loan amount and tenure. This will assist you in deciding the appropriate amount and also provide an insight of future payments. For instance, if I avail the loan of Rs. 25,00,000 for the tenor of 7 years then my tentative EMI will be Rs. 45,344.
| Loan Amount | Rate of Interest | Tenure | EMI | Total Interest Amount | Total Repayment Amount (Principal + Interest) |
|---|---|---|---|---|---|
| Rs. 25,00,000 | 12.90% p.a | 1 year | Rs. 2,23,176 | Rs. 1,78,111 | Rs. 26,78,111 |
| Rs. 25,00,000 | 12.90% p.a | 2 years | Rs. 1,18,737 | Rs. 3,49,692 | Rs. 28,49,692 |
| Rs. 25,00,000 | 12.90% p.a | 3 years | Rs. 84,115 | Rs. 5,28,123 | Rs. 30,28,123 |
| Rs. 25,00,000 | 12.90% p.a | 4 years | Rs. 66,945 | Rs. 7,13,347 | Rs. 32,13,347 |
| Rs. 25,00,000 | 12.90% p.a | 5 years | Rs. 56,755 | Rs. 9,05,287 | Rs. 34,05,287 |
| Rs. 25,00,000 | 12.90% p.a | 6 years | Rs. 50,053 | Rs. 11,03,846 | Rs. 36,03,846 |
| Rs. 25,00,000 | 12.90% p.a | 7 years | Rs. 45,344 | Rs. 13,08,905 | Rs. 38,08,905 |
Amortization Table
| Year | Principal | Interest | Balance Amount |
|---|---|---|---|
| 1 | Rs. 235,212 | Rs. 308,916 | Rs. 2,264,788 |
| 2 | Rs. 267,415 | Rs. 276,713 | Rs. 1,997,373 |
| 3 | Rs. 304,025 | Rs. 240,103 | Rs. 1,693,348 |
| 4 | Rs. 345,649 | Rs. 198,479 | Rs. 1,347,699 |
| 5 | Rs. 392,971 | Rs. 151,157 | Rs. 954,728 |
| 6 | Rs. 446,772 | Rs. 97,356 | Rs. 507,956 |
| 7 | Rs. 508,438 | Rs. 36,191 | Rs. 0 |
Eligibility Criteria
The business loans at Capri Global are available for self- employed professionals and self- employed non- professionals who have attained the age of 25 years and above but are below 60 years.
Features And Benefits
- Loan sanctioned within 7 – 15 days time
- Minimal paperwork and less documentation
- High credit amount available based on the personal eligibility
- Flexible repayment options ranging from 12 months to 120 months
Capri Global Business Loan Eligibility Calculator
At Capri Global loan amount sanctioned primarily depends on the income and the repayment capacity of the individual. The collateral presented also contribute in deciding the disbursement amount. Other factors that assist in deciding the loan amount an applicant is eligible for are :
- Age of the applicant
- Qualification of the applicant
- Number of dependents
- Spouse’s income (if any)
- Saving history
- Assets and liabilities
- Occupational stability and continuity
Documents Required:
The following list of documents are required to avail the loan from Capri Global :
- PAN Card
- 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)
- Bank statements for the last 6 months
- 2-year financials including Profit & Loss (P&L) statement, balance sheet and income tax returns
- Property Papers
Security Accepted Against Capri Global Business Loan
- The asset financed
- Hypothecation endorsement in the invoice and insurance along with equipment loan cum hypothecation agreement
- Property collateral or any any other suitable collateral such as fixed deposits and LIC policies
Loan Processing Stages
The loan procedure involves the following stages :
- Application
- Processing
- Documentation
- Sanctioning of the loan
- Disbursement
Factors Affecting Business Loan Eligibility
| Quantitative Parameters | Qualitative Parameters |
|---|---|
| - Financial Ratios - Sales Turnover and Profitability Record - Credit History | - Management Details/ Shareholding Pattern - Industry - Business Model |