Debt funding
Simplified
- Zero Fees
- Hassle Free
- Affordable
- Faster Processing
- Complete Transparency
Facilitating all kinds of Debt funding
Secured & Unsecured
Term Loan
Working Capital Loan
Loan Against Property
Loan Under Government Schemes
Overdraft / Cash Credit Facility
Bill / Invoice Discounting
Equipment Finance - Lease / HP
Non-Fund Based Facilities
Frequently Asked Questions
How is my loan eligibility calculated?
Loan eligibility is dependent on primarily the following factors:
1. The credit score of the entity and/or the partner/director/proprietor of the borrowing entity as reflected in your CIBIL or Equifax report or any other credit bureau. Having a good credit score is a necessary but not a sufficient criteria. If the credit score is a border line case then the bank may take a subjective call to limit the loan amount.
2. The last 2 year financials of the borrowing entity. Factors like turnover, partner/director salary, depreciation, interest cost, net profit after tax are some of the key parameters that goes into deciding the loan amount.
3. Ability to service the EMI for the current loan be requested as depicted by the Debt service coverage ratio (DSCR). Banks generally ask for a DSCR of 1.0 to 1.5 depending on case to case basis.
1. The credit score of the entity and/or the partner/director/proprietor of the borrowing entity as reflected in your CIBIL or Equifax report or any other credit bureau. Having a good credit score is a necessary but not a sufficient criteria. If the credit score is a border line case then the bank may take a subjective call to limit the loan amount.
2. The last 2 year financials of the borrowing entity. Factors like turnover, partner/director salary, depreciation, interest cost, net profit after tax are some of the key parameters that goes into deciding the loan amount.
3. Ability to service the EMI for the current loan be requested as depicted by the Debt service coverage ratio (DSCR). Banks generally ask for a DSCR of 1.0 to 1.5 depending on case to case basis.
How Long does it take to disburse Business Loan?
CapTrust will work with the banks to try and get you the loan within 5-7 working days of submitting completed documents.
Documents required while applying for a Business Loans?
Borrowing entity's PAN card, address proof, last 2 years financials (balance sheet, profit & loss, audit report), last 6 months bank statement, VAT/service tax returns, partnership deed/MOA, existing loans repayment track record. Additionally, the partner/director's PAN Card, KYC, own house proof, ITRs etc. On case to case basis additional documents may be required.
How does Business loan repayment happen?
All business loan repayments happen in the form of an EMI (Equated Monthly Instalment) through the customers bank account. The customer needs to give few PDCs (Postdated cheques) and sign an ECS mandate in favour of the bank disbursing the loans.
What happens if I miss an EMI payment or there is an ECS bounce?
The bank will levy certain ECS bounce charges/penalties. In addition it will get reported in your credit report. Depending on the severity of the default it can have serious impact on your future credit possibilities like a home loan, car loan etc. In addition, the banks can also take legal action against the borrower.
How can I know if am eligible for a business loan?
Just Submit your details in Apply loan section, we will get in touch with you and let you know about your eligibility.
Are there any charges by CapTrust for the service offered?
No, there are no charges implied on the customers of CapTrust. This platform offers services for absolutely FREE!
What is the difference between secured and unsecured loans?
While secured debt uses property as collateral to support the loan, unsecured debt has no collateral attached to it.