Urban Money

Capri Global Business Loan

Capri Global
4.5

Small firms and entrepreneurs can use business loans to aid them with their cash needs. There are numerous financial institutions across the nation that offer specialised business loans with low interest rates to meet your demands. Where Capri global offers Business loans with flexible terms and rates starting at 14 % p.a. for amounts up to Rs. 50 lakhs.

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Urban Money

Business Loan Banks

Interest Rate

Processing Fee

Loan Amount/Tenure

Capri Global Business Loan Interest Rate

14%

1.5% - 2.5%

₹5L - ₹50L

Tenure(1 - 15 Years)

Details

Benefits and Features of Capri Global Business Loan

With a vision to reform the credit framework in India and make financial assistance accessible to everyone, Capri Global offers affordable MSME loans. It is a diversified NBFC listed on NSE and BSE. Capri Global Capital Limited entered into a collaboration with the State Bank of India under the RBI lending guidelines to make MSME loans more accessible. 

The MSME loans offered by them provide financial aid to growing businesses to fuel their working capital needs and operational expenses. Capri Global offers business loans against collateral to self-employed individuals, HUFs, private limited companies, public sector undertakings and LLPs at affordable and economical interest rates. It offers maximum loans with long repayment tenure. 

  • Nominal interest rates starting from 14% p.a.
  • High-value loans ranging from INR 5 lakhs to INR 50 lakhs
  • Extended repayment period that goes up to 15 years

Given below are the features and benefits of Capri Global Business Loan. 

Affordable Business Loans

Capri Global offers MSME loans to entrepreneurs to subsidise their working capital prerequisites. You can avail of this loan to purchase inventory, buy new equipment, pay staff salary or expand your business. It provides business loans ranging from INR 5 lakhs to INR 50 lakhs.

Extended Repayment Tenure

The repayment tenure is the time span offered by banks to repay the EMIs payable on your loan. Capri Global offers an extended repayment tenure that goes up to 15 years so that you can repay the loan at your pace.

Attractive Interest Rates

Capri Global offers secured business loans to provide financial aid to start-ups. It offers credits at semi-fixed loans and floating interest rates, ranging from 14% to 19.50% p.a. The long-term reference rate is 22.5% w.e.f 1st July 2019. The interest rates are variable and are directly proportional to the long-term reference rate set by the company.

SME Loan Against Security

Capri Global offers SME loans against collateral. Business loan against property can be availed of against residential, commercial and industrial properties. The loan amount and interest rates are determined after assessing the property put as collateral.

Balance Transfer

Balance transfer is a facility that allows an individual to transfer their outstanding loan to Capri Global. You can avail of nominal interest rates and reduced EMI plans with Capri Global balance transfer facility.

Capri Global Business Loans Eligibility Criteria

Check out the eligibility criteria of Capri Global Business Loan below:

  • Indian residents who can be both self-employed professionals and non-professionals.
  • Designed for MSMEs, LLPs, public and private limited companies, partnership firms, HUFs
  • Should be 25 years old or above during application
  • Should be below 60 years during loan tenure completion
  • Should have a profiting business running for a minimum of two to three years

Capri Global SME Loan Eligibility Calculator

Capri Global SME Loan Eligibility Calculator is an online tool that determines if you are eligible to avail of the business loan. The eligibility relies on various factors, including the applicant's age, minimum salary, financial background and credit history. This calculator is a general self-help tool that assists you in making financial decisions beforehand. 

Note: Capri Global doesn't guarantee you the accuracy of the calculator. It is suggested that you visit the relationship manager for any inquiries.

Capri Global Capital Limited Business Loan Fees and Charges

Apart from processing charges, Capri Global Business Loan also has application charges, post-disbursement charges and prepayment charges, among others.  

Application Fees 

Application fees (IMD) INR 3,500 (non-refundable)
Stamp duty charges Charged on actuals

Post Disbursement Fees

Processing fees
  • Upto INR 10 lakhs: 2% + GST
  • INR 10 lakhs to INR 40 lakhs: 1.75% + GST
  • Above INR 40 lakhs: 1.50% + GST
  • Sahaj Loans:   2.5% + GST
CERSAI charges
  • Upto INR 5 lakhs: INR 50
  • Above INR 5 lakhs: INR 100
Legal charges INR 3,000 (per collateral)
Legal Handling charges INR 1,500 (only balance transfers and resale loans)
Valuation charges INR 2,000
Subsequent valuation charges INR 500 (only for under construction property)
Document verification charges INR 750
Document handling charges 0.1% of sanctioned loan amount
Income estimate charges INR 1,750
ROC lien updation charges INR 2,500

Fees and Charges Applicable Over The Loan Tenure 

Cancellation charges INR 5,000
Rebooking charges INR 2,500
Repayment instrument dishonour charges INR 750 per instance
Penal charges 36% p.a. on the outstanding dues
Collection charges INR 350 per visit
Legal and incidental charges Charged on actuals
Repayment swapping charges INR 500
Document retrieval charges INR 1,100 per instance
Copy of property papers retrieval charges INR 1,000 per instance
Duplicate no dues certificate INR 500
Foreclosure charges INR 500
ROI conversion charges/switch fees/ retention fees INR 500 per INR 1 lakh of loan amount (irrespective of the percentage of reduction in loan)

Prepayment Charges

Prepayment of a business loan is a facility offered by banks wherein the borrower is allowed to repay his outstanding loan in parts or at once before the maturity period. Capri Global charges a nominal interest rate if an individual opts for prepayment of his loan.

  • Prepayment is not allowed during the first twelve months of the loan tenure.
  • The bank doesn’t charge interest on prepayment of up to 25% of the principal outstanding. This facility is offered once in a financial year.
  • The minimum prepayment amount should be equivalent to three EMIs.
13 months to 24 months 5%
From 25th month 3%

Capri Global Capital Limited Business Loan Interest Rates

Capri Global offers financial aid to MSMEs and start-ups at economical interest rates. This loan permits the business owners to expand and diversify their current businesses as per their requirements. It offers business loans to salaried and self-employed individuals at fixed and floating interest rates, ranging from 14.00% p.a.

Factors Affecting Capri Global Business Loan Interest Rates

Business loan interest rates are primarily affected by certain external and internal factors. The lending institutions evaluate these aspects before determining the interest rates on loans. Check out the factors given below before applying for Capri Global Business Loans:

The Nature of Business

The nature of the applicant's business determines the operations and profitability of the business. Capri Global primarily evaluates the business's cash flow and profit-making capacity before determining the interest rate. A profitable business can draw in lower interest rates and vice versa.

CIBIL Score

The CIBIL score evaluates your repayment capacity and creditworthiness. This factor emphatically impacts the probability of the business loan approval and/or rejection. A high CIBIL score reflects a good impression on the lenders.  A score above 750 can fetch you low-interest rates. Conversely, lenders tend to charge high-interest rates on lower CIBIL scores.

Annual Turnover

The annual turnover of your business is inversely proportional to the interest rates set by the financial institutions. A high annual turnover fetches you lower interest rates and, in turn, reduced EMIs. In contrast, lending institutions tend to charge higher interest rates on low annual turnovers.

Business Vintage

A financial institution is more likely to offer affordable loans to businesses with a vintage of at least two years in the market than a newbie. A well-established business has experience of the credit system and the business environment. This gives the lending institutions a sense of guarantee.

Collateral

Capri Global offers business loans against collateral. An applicant may mortgage his residential, commercial or industrial property to avail of a business loan. A property in good condition with all amenities in and around a radius of 2 km can avail affordable interest rates compared to a property in a run-down condition.

Documents Required For Capri Global Business Loan

Capri Global makes the documentation simple and minimal to accelerate the loan application processing. You are required to submit basic documents like KYC documents, business proof, and financial statements for the verification process of your loan.

Self-Employed Individuals

Application
  • Application form duly signed
  • Passport sized photo of all applicants
KYC documents (Identity Proof and Address Proof)
  • Voter ID
  • Aadhaar card
  • Passport
  • Driving licence
  • PAN Card
  • Postpaid utility bills
Age proof
  • Voter ID
  • Aadhaar card
  • Passport
  • Driving licence
  • PAN Card
Financial Statements
  • ITR with income computation for previous 2 years
  • Profit and Loss account for previous 2 years
  • Balance sheet with all schedules for previous 2 years
  • Latest audit report
  • Form 3CD and Form 3CB for previous 2 years
  • Last 6 months of bank statements of all operating accounts
  • Proof of investments (FD receipts or mutual fund statements)
  • Balance transfer loan statement
Property documents
  • Property title deeds
  • Approved plan of the property
  • Share certificates and allotment letter
  • Possession letter
  • House tax receipt and mutation order
  • Payment receipt and demand letter
  • Agricultural land ownership proof (if applicable)
  • Rent agreement statement

Partnership Firms/HUFs/Private Limited Companies/Public Limited Undertakings 

Application
  • Application form duly signed
  • Passport sized photo of all applicants
Identity Proof
  • PAN card of all applicants
Business Proof
  • Partnership deed
  • Memorandum of Association
  • Articles of Association
  • HUF deed (applicable for partnership firms, limited companies and HUF)
  • Excise and GST certificate
  • Shop establishment certificate
  • VAT, sales tax and service tax certificates
  • Latest list of directors
  • Share holding pattern of the company certified by a chartered accountant
  • Balance transfer loan statement
Property documents
  • Property title deeds
  • Approved plan of the property
  • Share certificates and allotment letter
  • Possession letter
  • House tax receipt and mutation order
  • Payment receipt and demand letter
  • Agricultural land ownership proof (if applicable)
  • Rent agreement statement

Capri Global MSME EMI Calculator

The Capri Global MSME EMI Calculator assists borrowers with their estimated monthly instalments payable over the tenure. Enter the loan amount, tenure of the loan and interest rate to access the estimated repayment schedule. 

Alternatively, you can also ascertain your EMI using the mathematical formula given below:

EMI = P × r × (1 + r)n/((1 + r)n - 1) 

Here:

  • P is the sanctioned loan amount
  • r is the rate of interest
  • n is the tenure of the loan in months

How Does Capri Global Business Loan Compare With Other Lenders?

Capri Global 14% p.a.
IIFL Finance 11.75% p.a. to 25.75%
HDFC Bank 11.90% p.a. to 21.35%
Bajaj FInserv 17% p.a. onwards
Fullerton Finance 17% p.a. to 21% p.a.
Tata Capital Finance 19% p.a. onwards
Hero Fincorp Upto 26% p.a.
NeoGrowth Finance 19% p.a. to 24% p.a.
Flexi Loans 1% per month onwards
IDFC First 14.50% onwards

Capri Global Capital Limited Customer Care

In case of any queries regarding Capri Global MSME loans, you can contact the customer care service.

Toll free number 1800-102-1021
Email ID contact@capriglobal.in

FAQs

From refinancing to reducing your interest, we have the answers right here.

What is loan foreclosure?

Loan foreclosure is a facility provided by both banks and NBFCs. Here, an individual can repay his outstanding principal amount in one go rather than paying in monthly EMIs. The lending institutions charge a nominal rate if you opt for foreclosure of your loan.

How much EMI do I have to pay for a Capri Global Business Loan?

The EMI payable is determined by the sanctioned loan amount, the interest rate and the loan tenure. You can use the Capri Global business loan EMI calculator to estimate the EMIs payable over the loan tenure.

Who can take a Capri Global Business Loan?

Capri Global offers affordable business loans against collateral to self-employed individuals, private limited companies, public sector undertakings and LLPs.

What are the documents required in Capri Global for a business loan?

An applicant must submit the KYC documents (address proof and identity proof), bank statements, business proof, and property documents set as collateral for documentation purposes.

What are the benefits Capri Global provides on business loans?

Capri Global offers high-value business loans at economical interest rates and extended tenures. It allows balance transfer of an existing loan and makes the application process swift and easy.

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