Sometimes your business needs immediate funds. But, you cannot make free time to go to the branch of your busy schedule. We fill the gap through Capital Float small business loans. This lender provides digital loans from Rs. 5 lakhs to 50 lakhs.
The loan disbursement time is 72 hours. You can apply for a Capital Float loan without a credit history which means if you have zero or no credit score, you can also apply.
Capital Float Small Business Loan
| Interest Rate | 15% p.a – 24% p.a. |
| Loan Amount | 5 lakh to 50 lakh |
| Processing Fee | Up to 2% of the loan amount |
| CIBIL Score | Not Required |
| Tenure | 1 year – 3 years |
| Income | Required |
| Eligible For | Self Employed |
Benefits of Capital Float Business Loan
Digital Loan: Capital Float provides digital business loans. Without a branch visit, you may apply for a hassle-free loan through online.
Maximum Loan: You can take a business expenses loan through Capital Float. This lender giving Rs. 5 lakh to Rs. 50 lakh loan.
No Collateral: The loan is a collateral-free business loan. Bank does not take security for Capital Float business loans.
Fewer Documents: You may get a business loan with minimal documents. No extra documents you have to provide for the loan.
Flexible Repayment: The loan repayment tenure is flexible. Capital Float is offering 12 months to 36 months tenure.
No CIBIL Required: Also, you are eligible for a Capital Float loan with a zero credit score.
Affordable Interest: The interest rate is pocket friendly. Capital Float is taking 15% to 24% interest rate p.a.
Also Read: Digital Business Loan in Mumbai
Eligibility Criteria for Capital Float Loan
- Age: 21 to 65 required
- Business should be 3 years old
- The business’s annual turnover should be Rs. 1 crore
- GST Return should be 6 months old
- The minimum credit score of 650+ required
Documents Required
Basic KYC documents & income proof are required to apply for a Capital Float business loan. Check out the following documents:
- Pan Card as Identity Proof
- Aadhaar Card as Address Proof
- 3 years Trade License
- Recent 2 years’ ITR File with Balance sheet
- Last 6 month GST Returns
- 2 years Bank Statement
- Residential proof (Electricity bill)
Also Read: NeoGrowth Business Loan
Capital Float Business Loan Interest & Charges
| Minimum Interest Rate | 15% p.a. |
| Maximum Interest Rate | 24% p.a. |
| Processing Fees | 2% of the loan amount |
| Prepayment Charges | NIL |
| Late Charges | Applicable |
How to Apply for Capital Float Business Loan
Step 1: Click on the “Capital Float Loan” button.
Step 2: Now fill out the application form.
Step 3: Click on the submit button.
Step 4: Capital Float customer care will call you for document verification.
Step 5: Now, submit all the required documents to customer care.
Step 6: After reviewing all the documents, you will get the loan offer.
Also Read: LendingKart Business Loan
Capital Float Customer Care
For loan or other related queries, you may contact Capital Float customer care. Customer cares are available on working days only.
Customer Care: 080-6807 5001
Official Email: info@capitalfloat.com
Office Address:
Gokaldas Platinum, New no. 3 (Old no. 211)
Upper Palace Orchards, Bellary Road
Sadashiva Nagar, Bengaluru – 560080
FAQs on Capital Float Loan
Is Capital Float a trusted lender?
Capital Float is an RBI-registered NBFC company. This is a trusted lender.
How to prepay the Capital Float loan?
You may contact the customer care number to close the loan. Contact us at 080-6807 5001 on working days only.
How much loan Capital Float provides?
Capital Float provides Rs. 5 lakhs to Rs. 50 lakhs small business loan.
I have a 675+ credit score. Can I apply for a Capital Float loan?
As I mention, Capital Float provides a business loan at a 650+ credit score. So, you are eligible to apply.