With the most affordable interest rate mCapital provide you business loan with Quick support available for your queries. Get a business loan easily with mCapital’s transparent process.
mCapital Business Loan Details
Secure your desired loan amount today with an mCapital Finance loan. They offer utmost flexibility without collateral requirements. Before availing small business loan with mCapital, refer the table below mentioned in the table below:
| Interest rate | 2% per month |
| Loan amount | Upto ₹15 Lakh |
| Tenure | 12-36 months |
mCapital Business Loan Interest Rates & Charges
mCapital offers personal loans for business with affordable interest rates, based on your creditworthiness. The loan amount you desire, and repayment period you apply for. Besides interest rate, mCapital also charges a processing fee, which adds up to the total payable amount.
Let’s go through the interest rates, processing fee details from the table below:
| mCapital Business Loan Interest Rate | 2% per month ( ~ 24% p.a) |
| Processing fee | 2% of the loan amount |
mCapital Business Loan Eligibility Criteria
mCapital’s business loan eligibility criteria suit a wide range of entrepreneurs and businesses. Refer to the table below & keep your eligibility in check to experience the most our flexible and reliable loan availing process:
| Age | 25 – 60 years |
| Credit Score | The NBFC has not mentioned the cut-off |
Depending on the type of loan,the businesses should accept payments using Mcapital POS or QR code.
Documents Required for mCapital Business Loan
Now,simplify your path to an mCapital Business Loan with our straightforward documentation process. Hence, keep the documents mentioned in the table handy before applying for mCapital business loan online:
- Personal Documments such as PAN card, Aadhar card or Driving License
- Businesss Proof Documents
- Bank Details
*Applicable only to Indian residents..
Calculate EMI For mCapital Business Loan
Now calculate your mCapital Business loan with an online EMI calculator. efficiently manage your business expenses, especially your mCapital Business Loan, by calculating your EMI for seamless repayment.
The principle sum, interest rate, and period of payback are the factors affecting your EMI. Utilise the Buddy Loan Personal Loan EMI Calculator to determine your loan’s EMI.
Your Amortization Schedule (Yearly/Monthly)
Compare mCapital Business Loan Other NBFCs
It could be beneficial to compare against different lenders to make the right choice. Refer to the table below, where you can compare the interest rates among other NBFCs.
| NBFCs | INTEREST RATE (p.a.) |
|---|---|
| mCapital Business loan | 2% per month |
| Money Tap Personal loan | 1.08% per month |
| Paysense | 16.8% – 27.6% |
| HDB Financial services | Upo 36% |
| CASHe | 27% |
| Home Credit | 24% |
| Money View | 15.96% |
| RBL Bank | 17.50% – 26% |
Features & Benefits of mCapital Business Loan
Now more than ever, acquiring a business loan from mCapital is a simple hassle-free experience. It makes way for both affordability with straightforward repayment terms. Let’s go through the features and benefits of mCapital business loan from below:
Types of mCapital Business loan
Here is the type of mCapital business loans that will help you get quick funds for your business.
Small Business Loan – mCapital provides you quick funds for newly established businesses to upscale with capital requirements.
Loan against POS receivables – Acquire a POS machine through a business loan with daily repayments and zero-rent option, ensuring seamless and cost-effective payment management.
How Do You Apply for mCapital Business Loan with Buddy Loan?
Steps To Apply For a Business Loan with Buddy Loan
- Step 1: Visit buddyloan.com or Download the Buddy Loan app (Android or iOS).
- Step 2: Open the business loan application page. Enter your mobile number and OTP.
- Step 3: Specify the desired loan amount and email. Next, choose the Business Loan option.
- Step 4: Choose if you have a Business Proof (Yes/ No)
- If ‘Yes’ (If you have a business proof), enter your business and personal details.
Or - If ‘No’ (If you do not have a business proof), choose the profession type and enter your personal details.
- If ‘Yes’ (If you have a business proof), enter your business and personal details.
- Step 5: Provide Income Details and Click the ‘Submit’ button
Apply for a Business Loan now!
Get Personal Loan Online Up to ₹15 Lakhs
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mCapital Business Loan Repayment
Repaying your mCapital Business Loan is hassle-free and flexible. mCapital offers convenient repayment options to suit your business’s financial requirement. To ensure a smooth and stress-free journey towards success, avail a quick business loan, today. Stay focused on your goals while we take care of your loan repayment needs.
Frequently Asked Questions
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