Capital Loan

1. Capital Loan

2. Capital Loan The capital loan is generally borrowed to cover day-to-day business operational costs which include management, purchase of goods, rental expenses, employee salary or wages, and other office-related expenses. There would be various NBFC's too providing capital loan but majorly compared to many terms Government or Private Banks are far better at availing loans. There is a range of factors that determine the maximum loan amount, and in case-to-case things get varied. Usually, the Lender imposes a fee for processing loan applications which would be 0.50% - 2% of the total loan amount varies from bank to bank.

3. Eligibility criteria for capital loan • The common eligibility criteria of Capital Loan are given below: - • The applicant must be resident of Indian. • Minimum 3 years of business vintage • LLP (Limited Liability Partnership), Private Limited & LLP are eligible • For getting capital loan interest rate you must have credit score above 750 as much as the higher credit score is that much possibility of getting loan increase with that it also provides you the benefit to negotiate better rates & terms. Documents required • Company ROC (Registrar of Companies) as proof of minimal 3 years business existence • 2 Passport sized photographs • Latest 1 year Bank Statement • Office address proof • Personal identity & residential proof • From financeseva, you can get a capital loan up to 2 Crore and a Collateral free loan is available along with the longest repayment period.