Business Loans in India – CapitalBox

A: Application Process

The first step to getting a business loan is to submit your application. At CapitalBox, you can easily start by filling out a simple online form, where we ask for basic business and financial details.

B: Bank vs NBFC

You can apply for a business loan through banks or NBFCs (Non-Banking Financial Companies). NBFCs, like CapitalBox’s RBI-registered partners, are known for their faster loan approval process with fewer documents and quick disbursement.

C: CIBIL Score

Your CIBIL score plays a significant role in the approval of your loan. If your score is above 700, your chances of approval increase. However, at CapitalBox, we also consider alternate credit data, offering opportunities to more businesses.

D: Documentation

The basic documents needed for a loan application are:

• PAN Card (of the business owner)

• Aadhaar Card

• Business Registration Proof (GST, Udyam, etc.)

• Bank Statements (6-12 months)

• Income Proof (Income Tax Returns, etc.)

E: EMI Calculator

It’s important to know your EMI (Equated Monthly Installment). CapitalBox offers an EMI calculator on the website to help you calculate your monthly repayment.

F: Fees & Charges

We maintain transparent fees at CapitalBox:

• Processing fee: ₹1,280 fixed.

• For PMEGP cases: ₹6,500 + 2% post-disbursement fee.

G: GST Registered Business

If your business is GST registered, you get access to more favorable loan terms. GST returns and other compliance documents allow us to understand your financial health better and offer a more suitable loan.

H: Handling Multiple Loans

If you already have a business loan, we also offer debt consolidation options. This helps you merge multiple loans into one, making it easier to manage your repayments.

I: Interest Rate

The interest rate on your loan depends on various factors, such as your CIBIL score, business nature, and loan amount. At CapitalBox, we offer competitive and affordable interest rates.

J: Joint Application

You can apply for a loan with a co-applicant, which may increase your chances of approval, especially if the co-applicant has a good credit score.

K: KYC (Know Your Customer)

The KYC process is mandatory for all loan applications. You’ll need to submit Aadhaar and PAN card copies.

L: Loan Repayment

Repaying your loan is easy with EMIs deducted automatically from your bank account every month, ensuring timely payments and good credit score maintenance.

M: Maximum Loan Limit

The maximum loan limit you can apply for depends on your business size, financials, and loan type. At CapitalBox, we offer the best loan amount based on your profile.

N: No Collateral Loans

You don’t need collateral to get a loan. We offer unsecured loans where no property or assets need to be pledged.

O: Online Process

Everything is done online – from application and documentation to loan approval, making the process quick and hassle-free.

P: Processing Time

CapitalBox aims for a fast loan approval process. Once you submit all the required documents, approval usually happens within 24-48 hours.

Q: Quick Disbursement

After loan approval, you can expect the disbursement in your bank account within 1-3 working days.

R: Repayment Schedule

You can plan your repayment schedule in advance. CapitalBox offers customized repayment terms to suit your business cash flow.

S: Security

If your loan is secured, you’ll need to provide collateral. However, for unsecured loans, no security or collateral is required.

T: Terms & Conditions

The loan terms and conditions are clearly defined, ensuring there is no confusion. Transparency is maintained at every step.

U: Udyam Registration

If you’re an MSME, Udyam Registration can help you unlock special loan benefits. CapitalBox simplifies the registration process for you.

V: Validity Period

The loan validity period can range from 1 to 5 years, depending on the loan amount and your business needs.

W: Working Capital Loans

For covering daily business expenses, working capital loans are a great option. They help you manage operational costs efficiently.

X: X-Factor: CapitalBox Advantage

CapitalBox’s AI-powered loan processing system helps fast-track your loan application and ensures you get the best loan options without the hassle.

Y: Your Business Needs

Every business has its unique financial requirements. CapitalBox offers tailored loan solutions that are best suited to your growth needs.

Z: Zero Worries

At CapitalBox, you have zero worries about loan approval, repayment, or documentation. We’re here to assist you at every step, ensuring your business runs smoothly.