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Capital Float is a non-banking finance company which is registered with the RBI and is also a member of the CIBIL. Capital Float endeavors to provide fast, flexible and transparent loan process to the SME sector in the Indian subcontinent. It offers significantly lower interest rates, the repayment schedules are less burdensome and are free of risks associated with the informal sector finance. The loan is credited in a hassle-free manner using digital means and there are no processing or cancellation fees levied. An Indian resident above the age of 18 with a valid PAN card, Aadhar Card and bank account in a reputed Indian bank is eligible for a personal loan by Capital Float.
Interest Rate & Other Charges:
| Interest Rates | 18% – 24% p.a |
| Loan Amount | Rs. 1,00,000 – Rs. 50,00,000 |
| Tenure | 6 months – 3 years |
| Processing Fee | Up to 2% of the loan amount |
| Prepayment Charges | Nil |
What is Personal Loan Foreclosure Charges for Capital float?
Capital Float provides with flexible repayment rates and unsecured loans can be repaid via EMIs. A post-dated cheque or ECS are two major modes of repayment. Capital float does not charge any pre-payment penalties, if one chooses to clean their loan early, within a span of 30 days.