Capital Float Business Loan

Documents Required to Apply

While applying for this loan, you should ensure that you submit the documents mentioned in the list below:

1. Know Your Customer (KYC) documents of the merchant and the enterprise
2. Financial documents for the last 2 years such as Income Tax Returns (ITR), balance sheet, profit and loss statement, etc.
3. Documents with details of the VAT returns for the past 12 months from the application date
4. Statements of an active current bank account for the previous 6 months starting from the date of application
5. Sanction letters of all existing loans or overdrafts

How to Calculate Your EMI for Capital Float Business Loan?

Customers can use the loan EMI calculator available at the official website of Capital Float to learn how much monthly installment amount you will have to pay.

• Go to the company's official website at 'https://www.capitalfloat.com'
• Select the 'Term Finance' option available under 'Business Finance' mentioned on the navigation bar.
• Scroll down the page, you will find the Capital Float EMI Calculator.
• Move the scales of the calculator to select the loan amount, repayment tenure, and interest rate.
• Once the right details are selected, you will be able to view the EMI you will have to pay on a monthly basis.

How to Apply for Capital Float Business Loan?

See the steps mentioned below to learn how to apply for this scheme:

• Visit the official website of Capital Float at 'https://www.capitalfloat.com'
• Click on 'Term Finance' available under 'Our Products' on the navigation bar
• A new page will appear, where you will find the 'Apply Now' button. Click on it.
• This will redirect you to the page containing the application form
• Next, you will have to fill out the form with the required details
• Upload all the necessary documents along with the bank statements for the past months
• Click on 'Submit' to complete your loan application process

Once all the details furnished by you have been evaluated by the company, a company official will get in touch with you to offer a custom-tailored loan that will suit your business requirement. After you select a plan that suits your needs and repayment capacity, your loan amount will be disbursed to your account within one week from the date of loan application.

Benefits of Capital Float Business Loan

There are numerous advantages to applying for a Capital Float Short-Term Loan for Small Businesses. See the list mentioned below to learn about them in details:

1. Hassle-free application process - With an online lending platform, customers will be not have to make multiple trips to the bank or NBFC in order to get their loan approved. Borrowers applying for a short-term loan with this company will be able to do so from the comfort of their home at any time of the day from anywhere.
2. Fast loan approval - While facing an urgent financial crisis, it is important that the borrower gets access to cash as soon as possible to be able to quickly repay the debt. Capital Float understands this and tries to approve a loan application at the earliest after appraising the creditworthiness of the candidate.
3. Quick disbursal of funds - Repaying the debt as soon as a financial crisis arises keeps the debt from accumulating for a longer period of time to become a huge amount. Therefore, this NBFC tries to disburse the loan amount to the borrowers within as less as 3 days.
4. No collateral or guarantor - In order to avail this loan, the applicant is not required to provide any third-party guarantor or collateral, such as a personal or business asset, as security.