Last Updated : May 28, 2021, 9:12 p.m.

Lord Finacap is a Non- Banking Financial Company that extends the service of business loans. The company offers both secured and unsecured loans at an attractive interest rate to help the traders and small entrepreneurs. The loan is offered for the maximum tenure of 5 years at fixed rate of interest. At Lord Fincap the loan is issued for the amount ranging between Rs.10,000 – 10,00,000. The other important facts linked to the loan are mentioned below :

## Lord Fincap Business Loan Details

Particulars Details
Interest Rate Fixed
Loan Amount Rs. 10,000 – 10,00,000
Tenure 12 months – 5 years
Processing Fee Based on company's policy

How To Apply

To apply for a personal loan call on the customer care number or send an e-mail. You can even avail the loan by visiting the branch office located in Delhi and Jaipur.

### Lord Fincap Business Loan EMI Calculator

The best way to calculate the EMI is using the Business Loan EMI Calculator . It is a useful device designed to make the calculation of EMI easy and less time consuming. It aids in computing the amount of interest payable on the business loan obtained. To know the value of interest and EMI the user must put in the loan amount, tenure and the interest rate in the calculator. The EMI is computed using the formula given below:
E = P.r. (1 + r) n / (1 + r) n -1

where,

E = EMI
P = the Principal Loan Amount
r = the rate of interest calculated on a monthly basis
n = the tenor/duration of the loan

For Instance, A candidate avails the loan amount of Rs. 10,00,000 for the period of 5 years at an interest rate of 18% per annum. To know the EMI he uses the calculator. His computed EMI is Rs. 25,393.

Table Showing EMI, Total Interest Amount, Total Repayment Amount

Loan Amount
(in Rs.)
Interest Rate
(p.a.)
Tenure
(in years)
EMI
(in Rs.)
Total Interest Amount
(in Rs.)
Total Repayment Amount (Principal + Interest)
(in Rs.)
10,00,000 18% 1 91680 1,00,160 11,00,160
10,00,000 18% 2 49924 1,98,178 11,98,178
10,00,000 18% 3 36152 3,01,486 13,01,486
10,00,000 18% 4 29375 4,10,000 14,10,000
10,00,000 18% 5 25393 5,23,606 15,23,606

Amortization Table

Year Principal
(in Rs.)
Interest
(in Rs.)
Balance Amount
(in Rs.)
1 1,35,538 1,69,178 8,64,462
2 1,62,051 1,42,665 7,02,411
3 1,93,752 1,10,964 5,08,659
4 2,31,653 73063 2,77,006
5 2,77,382 27750 0

Eligibility Criteria

Eligible segments :

• Small Entrepreneurs

Documents Required :

• PAN Card
• Identity Proof – Any one (e.g. Voter ID / Driving License / Passport / Aadhar Card)
• Address Proof – Any one (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 – Any one document (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / Certificate of Incorporation / Partnership Deed)
• Passport Size Photographs of all applicants and co-applicants

### Factors Affecting Business Loan Eligibility

• Loan Repayment track
• Credit Performance / Credit Bureau Update
• Debt servicing capacity of the customer
• Business Vintage which determines the year in which the firm has started making investments.
• Financial Ratios determining the health of the business
• Existing relationship

Features & Benefits

• Avail loans from Rs.10,000 – 10,00,000
• Flexible repayment tenure ranging from 12 – 60 months
• Availability of both secured and unsecured loan
• Competitive interest rate
• No collateral or security required
• Minimal paperwork and hassle free processing
• Fast loan approval

### Lord Fincap Contact Details

You can call on the customer care number to pose your query and gain further details of the product. The expertise service is available on the telephone and email. Call on 011-41632058/59 or send an e-mail on the mail id provided on the company’s official website.