Is a Chennai loan service right for my business?
We help businesses by providing
short-term, flexible loans in a simple and efficient manner. If you run a
small or medium enterprise with frequent working capital needs, a
Capital Float loan will quickly provide you the necessary funds to
manage cash flow, pay suppliers, or invest in growth.
Read what our existing customers have to say about us
Garments is a manufacturer and exporter of readymade apparel for
large retailers and brands. Led by a young and ambitious entrepreneur,
Ankit Garments was set up in 1995. It is headquartered in Bangalore with
manufacturing facilities in Tirupur
Ankit Garments is a manufacturer and exporter of readymade apparel for
large retailers and brands. Led by a young and ambitious entrepreneur,
Ankit Garments was set up in 1995. It is headquartered in Bangalore with
manufacturing facilities in Tirupur
Furlenco is India's first destination for home furniture rentals,
crafted to serve people wanting to set up a comfortable home without
complications. The company offers solutions to the anticipated furniture
rental needs of a variety of clients, ranging from expats to students.
s fastest growing
online shopping destinations for premium fashion apparel, footwear and
accessories. With local design and manufacturing, it is India’s
strongest online fashion brand.
ELIGIBLITY
1) What kinds of businesses does Capital Float lend to?
We work with small & medium enterprises across industries,
including e-commerce, textiles & apparel, healthcare, auto and
engineering, food processing, software, facilities management, and
professional services. Our borrowers are typically fast-growing SMEs
with one or more well-reputed clients (e.g., MNCs, large E-Commerce
players, publicly listed Indian corporates).
2) How do I find out if I’m eligible?
To apply, your business should fulfill the following criteria:
- 1+ year in business
- More than
25 Lacs in annual turnover - India-based. For the time being, business must be based in Bangalore, Mumbai, Delhi, Pune or Chennai
3) My business is less than 3 years old. Can I still get a loan from CHENNAI LOAN?
Yes. We actively support early-stage businesses led by capable and
driven entrepreneurs. Unlike most banks and NBFCs today, we are happy
to work with companies that have been operational for less than 3-5
years, so long as they have strong management and a good financial
track-record.
4) I’ve been denied by my bank before. Can I still get a loan from PRI?VATE?
Yes. Our approach to lending evaluates SMEs in a very different
way from banks. Rather than focusing on hard collateral such as
property, we look at the strength of your cash flows and customer
relationships. This means that we can lend to many business that have
been denied by their banks.
.
2) How much can I borrow and for how long?
Chennai loan offers loans ranging from Rs 3 lac – 500 lac, with terms between 1 – 12 months.
500 lac, with terms between 1 – 12 months.3) How much does it cost?
Typically, our rates start at 18% per annum with a processing fee of upto 2% of the loan amount. Start an application to see what rate you can borrow at.
4) Do I need to pledge property or machinery to get a loan?
No. We evaluate businesses solely on the strength of their cash flows and expected receivables.
5) How does a loan against receivables work?
Most banks today will only lend to
businesses against fixed assets such as property. At Chennai loan we
lend based on the strength of your cash flows and customer
relationships. If you have orders from well-reputed corporate customers,
you can avail of two unique Capital Float loans today:
- Loan against invoice: Borrow up to 80% of the value of a outstanding invoice, and repay only after you receive payment from your customer
Read more about our loan products.
6) How do I repay
We offer loan products with flexible
repayment plans, so you can choose what makes sense for your business.
Loans against receivables can be paid back in a single “bullet”
installment at maturity, while unsecured loans are repayable via EMIs.
All repayments can be made either via ECS or a post-dated cheque.
7) Can I repay my loan before the due date?
Yes. Unlike most banks and NBFCs, we do not charge any pre-payment
penalties if you close your loan early anytime after the first 30 days.
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