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Short-Term Loans for SMEs

Working capital is the lifeline of any SME. In the absence or paucity of working capital, SMEs avail finance at exorbitant rates from informal lenders. Capital Float helps in solving these concerns by offering unsecured business loans at competitive interest rates. SMEs can avail this finance within 3 days and achieve quick business growth.

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Loan Amount

₹5 Lakhs - ₹50 Lakhs

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Credit Criteria

Tailored to your unique needs

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Loan Tenure

1-3 years

HOW IT WORKS
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Apply

Apply anytime, from anywhere in just 10 minutes for Term Finance.

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Upload

Digitally upload scanned copies of the required documents.

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Avail

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

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Repay

Choose from our easy and flexible repayment options.

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Apply

Apply anytime, from anywhere in just 10 minutes for Term Finance.

...
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

Term Finance is a customized, unsecured business loan, designed to meet the working capital needs of SMEs in India. Get the benefits of a business instalment loan with the convenience of cutting-edge technology. The benefits include:

  • Simple online application
  • No collateral required
  • Loan amount in 3 days
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TESTIMONIALS
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Vinod
Manufacturer of fiber optic products

Advanced Fibre 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.

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Shankar
Distributor of air conditioners

Sri 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 18% and is decided on a case-to-case basis. EMIs for various loan amounts can be evaluated using our EMI calculator.

Interest range 18%-24%

* Flat

Processing Fee of up to 2%

Low prepayment charges

Flexible repayment

EMI Calculator

Loan Amount

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Tenure (months)

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Interest Rate (%)

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Your EMI

₹ 0

ELIGIBILITY
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Business History

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

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Financials

Annual business turnover of over ₹1 crore

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GST

GST returns of your business for the last 6 months

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Bank Statements

Business banking account statements of the last 6 months

FREQUENTLY ASKED QUESTIONS

At Capital Float, we understand the difficulties SMEs face in acquiring financing from traditional banking institutions. We have designed a product specifically for the working capital needs of SMEs. The benefits of availing unsecured business loans from Capital Float include:

  • Completely collateral-free loan
  • Simple, secure, online loan application process
  • Loan range between ₹5 lakh to ₹50 lakhs
  • Loan tenure ranging from 1 year to  3 years
  • Funds disbursed in just 3 days

To be eligible for our short-term unsecured business loan, all you need is:

  • The business history of 3 years
  • Annual business turnover of more than ₹1 crore
  • GST returns for the last 6 months
  • Bank statements for the last 6 months
  • Loan sanction letter (if any)

Businesses that can apply for our short-term unsecured financing are:

  • B2B and B2C services
  • Manufacturers
  • Distributors

We do not need an extensive credit history or cumbersome documentation to evaluate your eligibility for Term Finance. Our loan application process uses intelligent algorithms to evaluate your data and determine loan eligibility.

You can choose to repay your loan between 1-3 years. If you wish to repay the amount before the loan tenure chosen by you, you are welcome to do so. We only charge a minor prepayment penalty for foreclosure of the loan. Our aim is to help your business succeed.

Our customized, collateral-free credit solutions ensure that you aren’t burdened by any part of the loan process; from application to repayment. This is why we only need basic business documents, such as:

  • 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)