Frequently asked questions

Business loans stand as a crucial lifeline extended by banks and non-banking financial companies (NBFCs) to fuel the growth and sustain the financial health of enterprises. What sets business loans apart is their versatility; they offer a flexible injection of funds that can be tailored to various needs within a business. Whether it's to bolster working capital for day-to-day operations or to acquire essential assets vital for expansion, business loans serve as a dependable resource. Their adaptability allows businesses to navigate challenges, seize opportunities, and drive progress in an ever-evolving marketplace.

What are the key features of an Unsecured Business Loan?

If you seek a streamlined, swift process with minimal paperwork and the absence of collateral requirements, then the Unsecured Business Loan emerges as the ideal solution. This product offers a hassle-free experience, ensuring quick processing and accessibility without the need to pledge assets or provide security.

Small and medium-sized enterprises (MSMEs), professionals, manufacturers, service providers, and traders alike can all tap into the benefits of an Unsecured Business Loan. This versatile financial tool caters to a wide spectrum of businesses, enabling them to access much-needed funds without the burden of collateral.

There are certain parameters, which needs to be fulfilled to be eligible to apply for the business loan

  • Minimum age of Applicant-21 years
  • Maximum age at loan Maturity-60 years
  • Minimum period in current business-2 years
  • GST Registration - Business should have GST Registration

Even with less-than-ideal credit, securing a business loan is still within reach. Capsafe Fintech offers the opportunity for applicants to present a solid repayment plan, assuring them of their ability to honor the loan agreement. Thus, even with a checkered credit history, entrepreneurs can access the funding they need to propel their ventures forward.

Whether you require a modest sum starting from INR 50 thousand or seek substantial funding up to INR 5 crores, there's a loan package tailored to your needs. With flexible repayment terms spanning from one to three years, you can structure your payments according to your financial comfort zone.

Certainly, you have the option to initiate loan foreclosure following the payment of the first installment, starting from the date of loan disbursement. In other words, once you've made your initial repayment, you gain the flexibility to settle the loan in full at your discretion.

After you've submitted your documents, it will take approximately 48 business hours to process your loan application.

You need to provide a copy of your

  • Pan card
  • Aadhaar card
  • Address proof of self and firm
  • Business registration proof
  • Bank Statement of last nine months

Still need help? Reach out to support

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