Capital Float Business Loan

Please Note: Capital Float is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.

Capital Float is one of the leading FinTech companies in India providing financial products and services to individuals and Small and Medium Enterprises (SMEs). The company offers credit services at a competitive interest rate that starts from 15% p.a. onwards to applicants living in Tier 2 and Tier 3 towns and cities of the country. Capital Float specializes in providing a variety of business loan products to its customers to meet their working capital requirements, purchase inventory or manage cash flows. 

Capital Float Business Loan – Interest Rates & Features – 2023

Interest Rate	18% p.a. onwards
Minimum Loan Amount	Rs. 5 lakh
Maximum Loan Amount	Rs. 50 lakh
Processing Fee	Up to 2% of the loan amount
Repayment Tenure	From 1 year – 3 years
Collateral	Not required
Loan Disbursement	Within 3 days
Credit History	Not checked

Note: The mentioned interest rates, fees and charges are subject to change and depends on the sole discretion of the NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.

Eligibility

• Can be availed by manufacturers, distributors and B2B and B2C firms
• Annual Turnover: Should be above Rs. 1 crore
• Business Existence: Minimum 3 years
• GST Returns: For the last 6 months
• Bank Statements: For the last 6 months

Documents Required

• Last 6 months’ GST returns
• Last 2 years’ ITR returns
• KYC documents of business owner and business entity
• Last 6 months’ business bank statements
• Overdraft sanction or loan letters (if applicable)

Capital Float works majorly with SMEs engaged in the following sectors and industries:

• Apparel
• Auto and Engineering
• E-commerce
• Facilities Management
• Food Processing
• Healthcare
• Professional services
• Software
• Textiles and many more.

Capital Float also specializes in providing short-term unsecured loans with the help of the following methods:

Business Finance: To meet the working capital requirement of SMEs, company offers business loans with disbursal time of within 72 hours.

Consumer Finance: For its customers shopping with online and offline partners, Capital Float offers instant EMI-based Point-Of-Sale (POS) financial solutions.

Hybrid Co-origination: To provide funding to various individuals and SMEs; banks and NBFCs partners with Capital Float.

Merchant Cash Advance from Capital Float

Loans on Card Swipes (POS Machines)
Interest Rate	15% p.a. onwards
Processing Fee	Up to 2% of the loan amount
Card Swipes	Up to 300% of monthly card settlement
Minimum Loan Amount	Rs. 2 lakh
Maximum Loan Amount	Up to Rs. 1 crore
Repayment Tenure	9-18 months
Collateral	Not required
Top-up and renewal	Available

Note: The mentioned interest rates, fees and charges are subject to change and depends on the sole discretion of the NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.

Eligibility:

• Annual Turnover of at least Rs. 20 lakh
• Card Volume: Minimum of Rs. 2 lakh per month
• Card history: Minimum card acceptance of 6 months
• GST registration is required
• Business existence of at least 1 year

Capital Float – School Finance

Loans for Schools
Interest Rate	18% p.a. onwards
Processing Fee	Up to 2% of the loan amount
Minimum Loan Amount	Rs. 5 lakh
Maximum Loan Amount	Rs. 50 lakh
Repayment Tenure	From 1 year to 3 year
Credit Criteria	Customized Credit Underwriting
Collateral	Not required
Loan disbursement	Within 3 days

Note: The mentioned interest rates, fees and charges are subject to change and depends on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.

Eligibility:

• Unaided private schools with valid recognition from Central/State boards
• School should be operational for at least 3 years
• Trust or society running a particular school is eligible
• School should be in profits

Customer Care: 1860 419 0999

Capital Float Ltd. Head Office Address

Gokaldas Platinum, New no. 3 (Old no. 211)
Upper Palace Orchards, Bellary Road
Sadashiva Nagar, Bengaluru – 560080
Email: info@capitalfloat.com

FAQs

Q1. Do I need to submit a collateral before taking a business loan from Capital Float?

Ans. Capital float offers unsecured business loans, so there is no need to submit any collateral.

Q2. What is the interest rate offered for its business loans?

Ans. The minimum interest rate offered is 15% and shall exceed up to 24% per annum.

Q3. What is the repayment period of business loans by this digital finance company?

Ans. The repayment tenure offered is from 1 year up to 3 years.

Q4. What is the maximum loan amount offered by capital float?

Ans. The maximum loan amount offered is up to Rs. 50 lakh.

Q5. How soon can I get money transferred in my account?

Ans. The company takes only 3 days in disbursing loan amount into your bank account.

Q6. Do I need to submit credit report or CIBIL score to apply for a business loan?

Ans. No, Capital Float does not require your credit report before loan approval or sanctioning.

Read Also: How to get a business loan with very low CIBIL score in India?