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Perfect capital loans
Perfect capital loans are offered by banks and financial institutes for small and medium enterprises to meet their working capital requirements.
Perfect capital loans are used by the firms to cover their daily operational expenses. This is a popular loan in India among business owners for recurring expenses like account payable, wages, etc. This is a kind of business loan which is used by SMEs and start-ups.
Features of perfect capital loan
1. Perfect capital loan is a short-term loan in which the amount is up to 2 cr. and for a tenure of 1 to 36 months.
2. Perfect capital Loan amounts can be avail ranging from 50 thousand to 2 crores.
3. The process to get a perfect capital loan is online, a hassle-free process to avoid visiting and physically waiting in long queues. The application is simple and easy for everyone.
4. there is no requirement of collateral, an unsecured capital loan reduces the risk of loss of assets. This is beneficial for business and there is no risk
5. There is a Fair interest rate ranging from 1% to an average of 2% per month, and it also depends upon the creditor's profile. Processing fee One-time processing fee of 2 to 3%, no other hidden costs or charges.