Applying for a business loan is easy at capital float. To do so, customers must visit the company’s website and click on the tab “Apply Now.”
The platform has gained a competitive advantage by building robust technology that can process loans in milliseconds. It also offers a wide product portfolio.
1. Access to a large pool of capital
Unlike traditional lenders that require collateral, capital float business loans are unsecured and offered to small businesses at competitive interest rates. Additionally, capital float offers a flexible loan tenure that allows business owners to customize their credit plan according to their needs and resources.
Moreover, capital float also provides loan amounts of up to $50 million, which is enough to meet the working capital needs of most small businesses. In addition, the company offers flexible repayment terms and minimal charges.
The company uses a variety of cutting-edge technologies, including Aadhaar-based eKYC, which involves the use of biometrics to verify identity. This reduces the amount of time it takes to onboard clients and helps avoid errors. The technology also enables Capital Float to track and prevent fraud by ensuring that only authentic documents are used. The company also employs video-based customer identification, which further streamlines the process and improves security. This technology has helped Capital Float gain a significant advantage over its competitors.
2. Low interest rates
A low interest rate environment is a boon to savers and investors, but it can also be beneficial for businesses. For example, if the cost of borrowing is lower, consumers will spend more money and will increase demand for goods. This will in turn boost profits for companies that sell those goods.
However, if interest rates rise, those same firms will have to pay more for their borrowed funds. Fortunately, there are ways that businesses can play the float to profit from a higher rate environment. For instance, they can delay depositing funds into their accounts or slow down the presentation of payments from their customers.
Capital Float, which was founded in 2013, is an online lending platform that offers buy now, pay later services. It is a registered non-banking finance company (NBFC) and works with many popular online retailers and payment platforms. For example, it is a lending partner for Amazon India, online learning service Unacademy, airline Spicejet and travel booking firm MakeMyTrip.
3. Fast and easy application process
Unlike banks, which require a good credit score and collateral to sanction business loans, Capital Float offers business loan to even customers with lower credit scores. The company has a streamlined application process and can approve the loan within 3 days. Additionally, there are no hidden charges and no guarantor is required to avail this business loan.
The company understands that no two businesses are the same and hence offers a custom credit option to each customer. The company also helps the customers in meeting their requirements and goals by providing flexible repayment tenures.
This is possible due to the fact that the company’s EMI calculator allows them to calculate EMI amount quickly. This saves time and energy for the customers. In addition, the EMI calculator can help in saving money on interest by enabling the customers to select the best payment plan according to their needs. The EMI calculator is available on the company’s website and can be used by any customer to estimate their EMI.
4. Easy repayment
Capital Float is one of the most popular financing platforms for small businesses. Founded by Stanford classmates Gaurav Hinduja and Sashank Rishyasringa, the NBFC provides working capital finance to e-commerce sellers and other small retailers. It offers loans with low credit scores, which makes it easier for small business owners to access financing.
The company uses innovative technology to assess loan applications. This includes point-of-sale data, psychometric evaluation, banking transactions, and data from ecommerce partners. It also offers flexible repayment terms and no collateral requirements.
Capital Float’s online business loan application is simple and easy to complete. It can be completed in minutes, and the loan can be disbursed within three days. The company also offers competitive interest rates starting at 18% p.a. You can use the company’s EMI calculator to determine how much your loan will cost. You can also compare the different options available to find the best business loan for you.