Quotes from 18 banks | Instant Approval | Maximum Loan Eligibility

Almost done, few more details required.

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

ParticularsDetails
Interest RateFixed
Loan AmountRs. 10,000 – 10,00,000
Tenure12 months – 5 years
Processing FeeBased 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

People Also Look For  Business Loan for Shop

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.)
10,00,00018%1916801,00,16011,00,160
10,00,00018%2499241,98,17811,98,178
10,00,00018%3361523,01,48613,01,486
10,00,00018%4293754,10,00014,10,000
10,00,00018%5253935,23,60615,23,606

Amortization Table

YearPrincipal
(in Rs.)
Interest
(in Rs.)
Balance Amount
(in Rs.)
11,35,5381,69,1788,64,462
21,62,0511,42,6657,02,411
31,93,7521,10,9645,08,659
42,31,653730632,77,006
52,77,38227750

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
People Also Look For  ZipLoan Business Loan

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.

#### People Also Look For

Personal Loan Interest Rates October 2023
Fullerton India12.00% - 24.00%
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates October 2023
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.85% - 9.40%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%
/