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Capital First Business Loan


On 18th December 2018, the merged entity of Capital First & IDFC Bank was named IDFC FIRST Bank. Capital First offers business loan to fund your business requirements. Capital First Business Loan is a great financial aid to help you with your business expansion, inventory needs, day to day business operations and much more. Based on Capital First Business Loan details, you can avail loan amount starting Rs. 3 lakhs to Rs. 75 lakhs. Capital First Business Loan interest rate is offered based on Capital First Business Loan eligibility criteria. If you have a minimum CIBIL score of 750 or more, stable business profit and high repaying capacity, then Capital First Business Loan rate of interest will be quite low. Depending on Capital First Business Loan policy, you do not have to pledge any security to avail the loan. After you opted for Capital First Business Loan apply online, you can easily check Capital First Business Loan status of your application. Based on Capital First Business Loan process, you need to repay the loan within a flexible tenure up to 5 years.

Why would you choose Capital First Business Loan?


Capital First Business Loan offers business finance to large as well as small and medium enterprises. With Capital First SME Loans, you get to enjoy immediate cash to take care of the small and medium business venture. Capital First Business Loan process offers easy and fast loan disbursal with simple paperwork. On top of existing Capital First Business Loan, you can avail Capital First Business Loan top up at an attractive interest rate. Based on Capital First Business Loan eligibility, you can avail Capital First Business Loan interest rate at an affordable range. You can easily obtain Capital First Business Loan up to Rs. 75 lakhs with a flexible loan tenure up to 5 years. You can easily repay Capital First Business Loan with easy EMI option. Here are the reasons as to why would you choose Capital First Business Loan-

  • You do not have to keep any mortgage or collateral to avail Capital First Business Loan.
  • Based on Capital First Business Loan details, you can avail loan amount starting from Rs. 3 lakhs to Rs. 75 lakhs.
  • Capital First Business Loan interest rate is quite attractive based on your eligibility criteria.
  • You can easily check Capital First Business Loan status after you opted for Capital First Business Loan apply online.
  • To financially support small and medium enterprise, Capital First SME Loans is available at a lower interest rate.
  • You can easily go for Capital First Business Loan top up on the existing loan. You can use the top-up loan to meet your business needs.
  • To avail business loan from Capital First, you need to go through very simple paperwork. Capital First Business Loan documents requirement is very minimum.
  • You need to fulfill Capital First Business Loan eligibility which is very minimal.
  • Capital First Business Loan interest rate is very affordable based on your credit history, business profit and repaying ability.
  • You can repay Capital First Business Loan with flexible EMI facility which suits your monthly budget.
  • With the help of Capital First Business Loan EMI calculator, you can easily evaluate the EMI amount which you need to repay on a monthly basis.

Capital First Business Loan Eligibility Criteria


You need to have a minimum CIBIL score of 750 or above and must yield business profit for the last 2 years to satisfy Capital First Business Loan eligibility.

Age 28-68 years
CIBIL score 750 or more
Business Eligibility Self-employed Non-Professionals- Retailers, Sole proprietorship firms, Public & Private ltd. companies, Partnership firms, traders, manufacturers etc. Self-employed Professionals- Architect, CA, Engineer, Doctor, CS etc.
Turnover Rs. 1 crores
Business Continuity Self-employed non-professionals- 3 years in the current business with total experience of 5 years Self-employed professionals- 3 years
Business Profit For last 2 years
Profit After Tax (PAT) Company’s PAT must be positive for last 2 years
Loan Amount Up to Rs. 75 lakhs
Minimum ITR Rs. 1.5 lakhs per annum
Loan Tenure 1 year to 5 years

Factors that affects Capital First Business Loan Eligibility


There are some important factors that affect Capital First Business Loan eligibility which are explained below-

Age

A very important factor that affects Capital First Business Loan eligibility is your age. If you apply for the loan within 28 to 68 years, you will satisfy Capital First Business Loan eligibility. The early you apply for the loan, the higher will be the repaying capacity and also will be higher Capital First Business Loan eligibility.

Business Profitability

There is a positive relationship between your business profitability and Capital First Business Loan eligibility. If your stable business yields profit for the last 2 years, your Capital First Business Loan eligibility will be high. Also, if a company’s profit after tax (PAT) is positive over the last 2 years, then it would positively affect Capital First Business Loan eligibility.

CIBIL score

One of the most important factor that affects Capital First Business Loan eligibility is the CIBIL score or credit score. Your credit history and creditworthiness is understood by your CIBIL score. You need to have a minimum CIBIL score of 750 or above to have high eligibility for the loan. But Capital First Business Loan eligibility will be low if your CIBIL score is below 750.

Turnover

The minimum business turnover greatly affects Capital First Business Loan eligibility. Your business turnover must be a minimum of Rs. 1 crore or more to suit the eligibility criteria. If the business turnover is below Rs. 1 crore, then Capital First Business Loan eligibility criteria will be low.

Capital First Business Loan Document Requirements


You need to undergo very simple paperwork to avail Capital First Business Loan. Here are the details of Capital First Business Loan documentation-

  • Application form
  • ID proof- Driving License, PAN card, AADHAAR card, Passport
  • Passport size Photograph
  • PAN card for Company/Firm
  • Proof of Business continuity- ITR/Sales Tax Certificate/Trade License/Establishment.
  • ITR copy and Balance Sheet (audited) of the last 2 years.
  • Validated Bank a/c Statement of the last 6 months
  • Essential documents- Partnership Deed/Vat registration/MOA & AOA/Shop Act License
  • Address proof- Passport, AADHAAR card, Driving License, Utility Bills

Capital First Business Loan Interest Rate & Charges


Rate of Interest 15.65%*-21.20%*
Processing Fees Up to 2% of the loan amount+GST
Foreclosure Charge Applicable post 24 EMIs. Up to 6 months- 5% After 6 months- 4%

*interest rate value varies from time to time


The business turnover must be a minimum of Rs. 1 crore or more to be able to apply for Capital First Business Loan.
The minimum and maximum age must be 28 and 68 years respectively for Capital First Business Loan eligibility.
You can avail Rs. 3 lakhs to Rs. 75 lakhs from Capital First Business Loan.
You can easily repay Capital First Business Loan within a flexible tenure of 1 year to 5 years.
If you want to apply for Capital First Business Loan, you need to have a minimum CIBIL score of 750 or more.

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