A Capital Loan is a type of business loan provided to businesses for the purpose of funding capital expenditures, such as purchasing equipment, expanding facilities, or investing in business growth initiatives.

Eligibility criteria typically include factors such as the business's financial stability, creditworthiness, business plan, annual turnover, and the purpose of the loan. Lenders assess these criteria to determine the borrower's ability to repay the loan.

The funding amount for a Capital Loan depends on factors such as your business's financial health, collateral (if any), loan purpose, and the lender's assessment. Capital Loans can range from small amounts to substantial sums based on your business needs and eligibility.

Commonly required documents include business registration documents, financial statements (profit and loss statement, balance sheet), business plan, income tax returns, bank statements, identity proof, and address proof of the business owner(s).

Interest rates for Capital Loans can be fixed or variable and vary based on factors such as the loan amount, tenure, and the borrower's credit profile. Repayment terms typically range from 1 to 5 years or longer, depending on the loan agreement and purpose.

Yes, you can prepay or foreclose your Capital Loan before the end of the tenure. Lenders may charge prepayment penalties or fees, which vary based on the terms and conditions of your loan agreement. It's advisable to check with your lender about these charges before making any early payments.