
Documents Required for Business Loan
The paperwork involved while applying for a traditional business loan can be tedious. At Capital Float, we want our customers to have a convenient and hassle-free experience of applying for and receiving a loan. This is why we have kept our documentation requirements to a minimum. For added convenience, the borrower must merely upload scanned copies of the business loan documents during application.

Loan Amount
₹5 lakhs - ₹50 lakhs

Credit Criteria
Customized credit underwriting

Loan Tenure
1-3 years
HOW IT WORKS

APPLY
Apply anytime, from anywhere in just 10 minutes for SME & MSME loans.

Upload
Digitally upload scanned copies of the required documents.

Avail
Backed by cutting-edge technology, we disburse the loan amount in just 3 days.

Repay
Choose from our easy and flexible repayment options.

APPLY
Apply anytime, from anywhere in just 10 minutes for SME & MSME loans.

Upload
Digitally upload scanned copies of the required documents.

Avail
Backed by cutting-edge technology, we disburse the loan amount in just 3 days.

Repay
Choose from our easy and flexible repayment options.
BENEFITS
The tedious process and stringent eligibility criteria of traditional banking institutions make availing business finance very challenging for small businesses. At Capital Float, we’ve created customized loans for SMEs and MSMEs in India. The benefits of availing a loan from Capital Float include:
- Simple online application
- No collateral required
- Loan amount in 3 days


TESTIMONIALS

Vinod
Manufacturer of fiber optic productsAdvanced Fiber Solutions
Business has grown by 45% after working with Capital Float and we have added more customers. They have been supporting us in an honest manner. The best thing is that everything is system driven and convenient. Everything gets done through the app.

Shankar
Distributor of air conditionersSri Sathya Sai Marketings
It was difficult to get unsecured loans from banks. But, the Capital Float experience was very good. They took all my information online and I got my funds within 4 days. The interest rates were also much lower than compared to other banks.
INTEREST RATE, FEES AND EMI CALCULATOR
We believe in complete transparency. There are no hidden charges involved; a minimal processing fee of 2% of the loan amount is charged to the customer. The interest rate starts at a competitive 15% and is decided on a case-to-case basis. EMIs for various loan amounts can be evaluated using our EMI calculator.

Interest range 15%-24%
* Flat
Processing Fee of up to 2%

Low prepayment charges

Flexible repayment
EMI Calculator
ELIGIBILITY

Business History
A registered business with an operational history of 3 years or more

Financials
Annual business turnover of over ₹1 crore

GST
GST returns of your business for the last 6 months

Bank Statements
Business banking account statements of the last 6 months
FREQUENTLY ASKED QUESTIONS
Our aim is to make funding easily accessible to all types of businesses, even those that traditional banking institutions wouldn’t receive approval for loans. So, if you are an MSME based in India, regardless of which industry you belong to, we might have something for you. Be it e-commerce, textiles and apparel, healthcare, automobiles and engineering, food processing, software or hardware providers, facilities management and professional services; we have them all covered. Businesses that borrow from us are fast-growing SMEs, who have made an informed decision through our business loan eligibility calculator. We offer different types of loan products, including:
- Term Finance
- Loans against card swipes
- School loans
The eligibility criteria differ according to the small business loan product you choose. We’ve kept the criteria at a minimum to make our loan products easily accessible for all types of SMEs in India. Here’s a quick look at the eligibility criteria.
Term finance:
- Registered business with an operational history of 3 years or more
- Annual business turnover of over ₹1 crore
- GST returns for the last 6 months
- Business banking accounts of the last 6 months
Loans against card swipes:
- GST registered business with an operational history of at least one year
- Annual turnover of at least ₹20 lakhs
- Minimum monthly card volume of ₹2 lakhs
- Minimum card acceptance vintage of 6 months
Our customized, collateral-free credit solutions ensure that you aren’t burdened by any part of the loan process. This is why we only require basic business and KYC documentation, such as:
Term finance:
- GST returns for the last 6 months
- Income tax returns for the last two years
- KYC documents of the business entity and the business owner/s
- Business bank statements for the last six months
- Loans or overdraft sanction letters (if any)
Loans against card swipes:
- Bank statements reflecting card settlements for the last 6 months
- GST returns for the 6 months prior to loan application
- Your and your promoter’s KYC documents.
- Audited financial statements for large loan amounts
You don’t need to visit any location to deliver hard copies of the documents. At the time of online application, we require the scanned copies of the documents, which can be uploaded along with the completed application form.