Capital First Business Loan

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About Capital First

Capital First Limited is India's leading Financial Institution that specializes in debt financing to consumers and MSMEs. Capital First has been honored with the highest long term credit rating of AAA. The financial institution offers a wide range of financial products and services including Loan against Property, Business Loan, Two Wheeler Loans, Personal Loan, Home Loan, Consumer Durable Loan and others. Capital First works with a vision of primarily supporting the MSMEs in India with debt capital via new technological processes and platforms.

About Capital First Business Loan

Capital First Limited provides affordable business loans to small and medium sized enterprises to address their needs for working capital. Capital First Business Loan can be utilized by business owners and entrepreneurs for business expansion and to fulfill their working capital requirements. The loan can be repaid in easy monthly instalments (EMIs). MSMEs engaged in manufacturing, services, retail or wholesale trade activities can avail business loan from Capital First at affordable interest rates.

Capital First Business Loan Features & Benefits

  • Loan Amount: Capital First offers business loan of minimum amount of 3 Lakhs that can go up to maximum amount of 75 Lakhs.
  • Loan Top-up: Capital First facilitates loan top facility.
  • Payment Options: The loan EMIs can be repaid via several payment options including PDCs (Post Dated Cheque), ECS (Electronic Clearing System) and Standing Instructions to auto debit your HDFC Bank account.
  • No Collateral: Capital First Business loan can be availed without any mortgage or collateral. You can borrow business loan from HDFC Bank without any guarantor.
  • Loan Tenure: Capital First offers business loan at flexible tenure that ranges between 6 months to 3 years.
  • Business loan can be used for multipurpose: Business loan from HDFC Bank can be used for to fulfill multiple business requirements including business expansion and need for working capital.
  • Quick Loan Processing: The loan borrowers can avail business loan from Capital First with quick and hassle free process.

 

                                                                 Apply for a Business Loan

Capital First Business Loan Eligibility Criteria

  • Who can apply? : A self-employed individual, sole proprietorship firm, partnership firm, private limited company and closely held limited company, doctors and other professionals can apply for Capital First Business Loan.
  • Business Vintage : individuals who have an experience of at least three years in current business are eligible for HDFC Business Loan.
  • Age : The age of the borrower should be at least 23 years and above at the time of applying and 65 years at the time of loan maturity.

Capital First Business Loan Fees and Charges

Following are the fees charged by Capital First:

 Type of Fee Percentage/ Amount
Processing Fee    Up to 1.5% of loan amount
Pre- Closure Charges     4% of outstanding loan amount (to be paid after payment of 24 EMIs)

Capital First Documentation

Type of Document 
Identity Proof

A copy of any one of the following:

  • Aadhar Card
  • Passport
  • Voter's ID Card
  • PAN Card
  • Driving License
Address Proof

A copy of any one of the following:

  • Aadhar Card
  • Passport
  • Voter's ID Card
Driving License
Bank Statements
  • Bank statement of recent 6 months
  • Latest ITR Forms
  • Balance sheet and P & L statement for previous 2 years audited by CA
Continuation proof

   5 year old ITR/Trade license/Establishment/Sales Tax Certificate

Other Documents
  • Sole Prop. Declaration Or Certified Copy of Partnership Deed,
  • Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)

  • Interest Rate 15% - 24%
  • Loan Amount 1L - 25L
  • Processing Fee 1.70% - 2%
  • Tenure3 Years

  • Quick Apply

List of Documents for Specified Employees

Self-Employed IndividualsSelf-Employed ProfessionalsFor Partnership or Private Limited Companies
  • Recent audited financials and IT(Including Balance Sheet and Profit and Loss Statement)
  • Recent audited financials and IT(Including Balance Sheet and Profit and Loss Statement)
  • Recent audited financials and IT(Including Balance Sheet and Profit and Loss Statement)
  •    Bank Statements for at least 5 years
  • Bank Statements for at least 5 years
  • Partnership Deed/ Partnership Authority Letter
  •    NA

Professional Qualification and Degree Certificate for the following professionals:

  • Doctors
  • Architect
  • CAs
  • Memorandum of Articles and Memorandum of Association
  • Certificate of Incorporation
  • Recent shareholding patterns

Other Available products from Capital First

EMI CALCULATOR

EMI Calculator

EMI Calculator

Loan EMI

Total Interest Payable

Total of Payments
(Principal + Interest)