Capital Float Business Loan 2022

Capital Float is a Bengaluru based company which offers business loans to small and medium enterprises. It is a Non-Banking Financial Company that is registered with the Reserve Bank of India. Capital Float, the trade name of Zen Lefin Pvt. Ltd. was founded in the year 2013 by Gaurav Hinduja and Shashank Rishyasringa.

India is encouraging industrial growth today. Capital Float is doing its bit to help the nation along the path of progress. In today’s scenario, there is cut-throat competition, and finance is indispensable for businesses to survive and operate. This is where Capital Float steps in. By disbursing loans quickly and without overwhelming too much paper work, this company proves itself to be the friend all entrepreneurs need when they are in financial distress.

Capital Float Business Loans

Capital Float offers loans to small and medium enterprises at attractive rates. Applicants get the facility to apply for the loan online directly through Afinoz at attractive interest rates. They can do so by following simple steps:

• Apply online
• Select the repayment option
• Receive funds directly in the bank account in as less as 7 working days

Salient Features of Capital Float Business Loans

Some salient features of these loans are as follows:

• Loans are sanctioned with minimum fuss and limited paperwork
• There is total transparency in sanctioning the loan
• Loans can be applied online as well as offline
• Business Loans can be availed to increase working capital. Such a loan helps small and medium enterprises to buy more stock.

Service providers can take these loans to provide service to new orders. People in business can invest in plant and machinery and also improve the cash cycles. They can use these loans to push up sales and output to new heights. 

Types of Capital Float Business Loans

Capital Float offers loans in various categories.

1. Capital Float Merchant Cash Advance
2. The Capital Float Term Finance
3. Capital Float Online Seller Finance

Capital Float Merchant Cash Advance

• Capital Flow Merchant Cash Advance has a fairly easy format of requirements.
• You need to have operated your business at least for a year.
• Your turnover during the year you have operated your business needs to be Rs. 20, 00,000.
• The minimum monthly card value has to stand at Rs. 5, 00,000.
• You are required to have a vintage of six months at the very least.
• Another criterion is you should be able to show six settlements per month as a minimum.

Capital Float Term Finance

Small and medium businesses which have been running for three years are eligible for a loan in this category.

•  Your company must have a turnover of Rs. 1 crore.
•  Your company must be able to show its audit reports by the tenured auditor.
• The company’s CIBIL score has to be 650 or above.

Capital Float Online Seller Finance

•   The borrower does not need to offer any collateral if he/she intends to take a loan in this category.
•   If there is a partnership, it must be at least six months old.
•  The business must be at least one year old.
•  Your quarterly sales must stand at Rs. 75,000 or more.

Capital Float offers its customers credit criteria suited to them personally.

It is an online format that takes into consideration market fluctuations during peak and lean seasons of manufacturing industries. These and other similar factors make Capital Float very successful in a market where there are numerous players.

The company aims at making borrowing and investment safe as well as hassle-free. It coordinates with banks both private and public sector ones. Nonbanking financial institutions and mutual funds are also in the company’s ambit so that the borrower gets the best quotation for the desired product. Added to this is the facility of longer-than-available-in-the-market tenure

Benefits of Business Loans from Capital Float

• Loans from Capital Float are in a class of their own
• Ease of doing business with this company is unparalleled
• Interest rates are competitive
• Collateral or security is not required
• The turnaround time is the shortest in the industry
• Online applications make it easy to get loans
• There are clearly defined segments in the online form for borrowers so that each category of borrowers knows what paper work to bring to the table
• The processing fee, cutting across all loan categories and loan values, remains the same
• It charges 2% of the loan amount as processing fee

Time Required for Loan Disbursal from Capital Float

When loans are required in a hurry, Capital Float is the best company to approach. Loans are cleared within seven days and disbursed within seventy two hours. The borrower can choose repayment cycles on his terms, according to his needs and expected cash flow.

Extent of Business Loans

• Loans are provided to emerging industries which can grow fast.
• The industrial sectors in which these loans are given are clothing, hospitality, food preservation, and other allied services.
• Loans ranging from Rs. 1, 00,000 to Rs. 50, 00,000 are available to borrowers.
• New entrants who seek loans could be manufacturers, traders, retailers and distributors.
• Loans can be used for expanding business-to-business ties or for strengthening business-to-customer ties.
• Capital Float provides loans to young entrepreneurs and start-ups.
• It also participates in angel funding to encourage industrial growth in the country

The organization aims at providing funds to emerging enterprises that desire to expand their businesses. These loans can also be used to tide over a crisis in some areas of the business.

Capital Float Business Loan Calculator

Capital Float business loan calculator makes it easy to calculate whether you are eligible for a loan from the company or not. The company also has a business loan EMI calculator which enables you to calculate your equated monthly installments, or EMIs easily. This can be done even before you approach the company for a loan. It helps you to gauge whether you qualify for the loan and whether you can afford it.

Eligibility Criteria for Business Loans

• Most non-banking financial companies and banks have similar criteria for granting loans. Such requirements are mentioned below:
• The primary criterion in case of Capital Float for getting a loan is the age of the applicant. The applicant’s ideal age should be between 21 and 65 years.
• The business should show profits in the last two years. If you are seeking a loan for Rs. 15 lakh, it is expected that the business has been generating a profit of Rs. 1.5 lakh in the preceding two years (in the case of a private limited companies).
• If the applicant’s business runs in partnership, he/she will have to show sufficient proof of part ownership.
• Professionals who are running their own enterprise will have to show their educational qualifications and experience to prove they are eligible for a loan.

Documents Required for Capital Float Business Loan

If you aspire to take a business loan from Capital Float, you will need to have the following documents:

• Know Your Customer (KYC) documents for yourself and your promoter. Documents which you can use for Know Your Customer are:
• Aadhaar card
• Passport
• Driving License
• Permanent Account Number (PAN)
• You can also use any government issued photo identity card to prove your identity, age and address. This applies to both you and your promoter.
• You will have to submit your current account details of the last one year.
• When you apply for Capital Float’s Merchant Cash Advance, you have to show your Value Added Tax certificates. These have to be available for six months before the loan is applied for.
• You have to make available to the company, your card statements of three months ahead of applying for the loan
•  When you apply for Capital Float Merchant Cash Advance you will need:
• If Capital Float Term Finance is your requirement, then you need to keep ready the following documents:
• VAT returns for the last 12 months
• ITR – Financial documents for the last 2 years
• KYC documents of the applicant and the organization
• Bank statements for the last 6 months
• Loans or overdraft sanction letters (if any)

Capital Float Online Seller Finance applicants have to keep copies of the following documents handy to ensure a quick and smooth application process:

•             Bank statements of the last six months

•             KYC documents of both you as well as the organization

 

Capital Float Business Loan Interest Rate

Interest Rates	18% to 24%
Loan Tenure	6 months to 36 months
Processing Charges	2% of the total loan amount + GST
Prepayment	Allowed after 1 month
Prepayment Charges	NIL
Loan Amount	Rs. 1 Lakh to Rs. 1 Crore

Note: Interest Rates are liable to change periodically. Business loan interest rates in Capital Float & other fees and charges are subject to regular review and can vary from customer to customer. Capital Float business loan interest rates may vary depending on your creditworthiness & many other factors. The final interest rate will be based on different criteria, including the bank’s internal policies & applicable rates at the time of approval.

 

How to apply for Capital Float business Loan on Afinoz?

The best method to apply for Capital Float Business Loan is through the Afinoz platform. Capital Float has an exclusive tie-up with Afinoz.com. You can simply log on to Afinoz.com to check your business loan eligibility and apply for a loan.

Business owners can apply for a loan in Capital Float through Afinoz.com in the following three simple steps:

Eligibility Check - You need to make sure that you meet Capital Float’s business loan eligibility criteria on Afinoz.com. You can check it by following the steps mentioned below:

•  Submit some basic details such as the employment type, business turnover, city, mobile number, email id on our business loan eligibility page
• Once you submit these details, our system intelligence then runs an algorithm and gets you a quick quotation on the best business loan options available to you immediately
• Loan Amount and Tenure - Once you meet the eligibility criteria, select the loan amount and tenure as per your eligibility and submit the application.
• Upload and Submit Documents - In the final step, fill out the application form along with details of the KYC documents and submit your application for processing by Capital Float. The institution then verifies the applicant's information and starts processing the loan for disbursal procedure.

At each step of the application process, Afinoz.com allows its applicants to keep track of the status of their application in real-time via SMS as well as through emails. Due to such simplified and fast processing, Afinoz.com has become the most popular option in this field.