Apply for Capital First Bank Business Loan Back

Tenure Range

2 to 5 Years

Processing Fee

2% to 3%

Interest Rate Range

14% onwords

Rs.

Capital First Bank Business Loan Interest Rate 2018

Capital First Business Loan Interest Rate 2018
Interest Rate14% onwords
Processing Charges2% to 3%
Loan Tenure2 to 5 Years
Loan Amount 3 Lakhs to 1 Crore
Cheque Bounce ChargesRs 400
Cheque / Instrument Swap ChargesRs 500
Prepayment or Foreclosure Charges 5% of Principle loan outstanding

Documents for Capital First Bank Business Loans

Following documents are required for loan approval -

Know your customer (KYC) formalities:

  • PAN Card – For Individual / Partnership Firm / Company
  • Identity Proof – Anyone (e.g. Voter ID / Driving License / Passport / Aadhar Card)
  • Address Proof – Anyone (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)
  • Ownership proof of either residence or office either in the name of applicant or jointly with family members
  • Business Continuity Proof – Anyone document dated 5 years old (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / Certificate of Incorporation / Partnership Deed)
  • Letter certifying end use of the business loan funds on Business Letterhead
  • Passport Size Photographs of all applicants and co-applicants
Self-Employed Individuals / Sole ProprietorshipsFor Self-Employed ProfessionalsFor Partnership Firms / Private Limited Companies
Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.) Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance SheetBank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance SheetBank statements from the main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet
Professional Qualification Certificate and Degree Certificate for professionals. (Doctors, Architects, Chartered Accountants etc.)Partnership Deed and partnership authority letter for partnership firms
Memorandum and Articles of Association and Board Resolution from the company
Certificate of Incorporation (COI) for companies
Latest shareholding patterns for Private Ltd. / Public Ltd. companies