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January 23, 2019
Qualities of a successful entrepreneur

1. Vision – While a business may be launched on a small scale, but if it is backed by the foresight of the entrepreneur who has a vision of growth, it can scale new heights. Starting a business is just a beginning for an entrepreneur who is on his way to pursue a much bigger dream.

The success of a business largely depends on the entrepreneur who started it. It is his thoughts and actions that will have a major impact on the success of the venture. Here are a few qualities that an entrepreneur should have for making a business successful.

2. Open to learning – A successful entrepreneur is one who has an insatiable desire to learn new things and implement the same in the business. He will never resist or avoid learning anything new that can add value to the business.

3. Balanced risk appetite – While the old school of thought might lean towards the conservative methods of doing business, a new age entrepreneur can become successful if he develops an appetite of taking calculated risks. This, however, does not mean that a businessman should take risks without putting a well calculated thought.

4. Confidence - Confidence is a very positive quality in a successful entrepreneur who starts up a business with a well-drawn plan that he is confident of. Confidence however is a result of a good research, analysis and self-assessment. While confidence can be a very good quality in an entrepreneur, over-confidence might turn out to be a disaster.

5. The art of moving on – Learning from the mistakes and moving on without dwelling in the past too much is an important quality that an entrepreneur must have. He should take the mistakes and wrong decisions by his stride and ensure that the same are not repeated in the future and at the same time should not hold himself back and panic, but instead should quickly move on and tread on the new improved paths

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January 23, 2019
How an effective client servicing strategy can be helpful for business

Effective communication with clients can prove to be a vital factor in shaping up your business. Remember, the relationship with the client doesn’t end with a business transaction. For future retention of the client, it is imperative for a business to ensure that the client is satisfied by the products and services provided by the business. 

Having staff dedicated to client servicing can add a lot of value to the way your business functions. For instance, once the goods are delivered to the client, getting his feedback on the condition of the goods, time taken for delivery and whether the packaging was good enough for downloading the goods can prove crucial for necessary changes you would want to make in your business. 

If the feedback is negative, you should take a serious note of it and find ways to improve the process. At the same time, be courteous enough with your client and appreciate him for sharing his feedback with you. As a follow up, when the goods are delivered next time to him with the modifications, take his views again. Remember, no one would give you negative feedback just like that. If the client is satisfied with the changes, he would not only appreciate the same but also share his views about your business to other people building up your reputation. 

Say for example, if you are in the business of tiffin services, client feedback will turn out to be the most crucial factor in shaping up your business. If you call up your clients at regular intervals and ask them whether they need any change like less spicy food or cooking with lesser oil or any other suggestions they want to make, that feedback will impact your business drastically.

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January 23, 2019
Do you have all licenses and permissions for your business in place?

As an entrepreneur in the MSME sector, it is imperative for you to keep a periodic check on whether your business is compliant with the mandatory licenses and permissions necessary for your business. Having these permissions and licenses issued by various regulatory bodies in the state can ensure a smooth functioning of your business without any sudden hiccups or disruptions. 

Remember, there are multiple stakeholders from the government and civic bodies that issue licenses related to various businesses. While some of the licenses and permits for all the businesses may be common, a few licenses would be different for every line of business. For instance, an equipment manufacturing unit would not require a Food and Drug (FDA) license, but a business manufacturing chemicals or food products would need that license. 

Also, one must be updated with the periodic announcements, launches by the government. Say for example, after GST was rolled out it became mandatory for every business to be registered with it. 

It is not only the licenses that directly impact your business are mandatory and necessary. There are several other clearances and permissions to be taken for running a business. For instance, is there fire-fighting equipment in place in your premise. Has the license been renewed regularly without lapsing? 

There are several other clearances to be taken from designated bodies on carbon emissions, noise pollution, safety equipment audit. While it is important to have all the licenses and permissions required for your business in place, it is equally important to renew them from time to time.

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January 23, 2019
How to manage your SME loan and where to spend it in your business

So, the SME loan you applied for has been credited in your account. While this is great development for your business and your money matters have been sorted, here are a few things that you can start doing immediately after receiving the loan that will positively impact your enterprise. 

1. Have a repayment plan in place: This should ideally be done before the application process, so that once the loan is credited you have a repayment schedule in place. Remember, you can improve your credit ratings by timely repayment of the loan thereby build a positive reputation and financial health of your enterprise. 

2. Don’t rush into taking another loan: Financial institutions might roll out tempting offers on new loan products that could be hard to refuse but do not rush in taking another one before having serviced the existing SME loan. More loans mean more money to repay at regular intervals. Your loan should not become a burden on you. Rather than going for a new loan account, carefully examine whether you need more money. If the answer to this question is yes, then seek a top up from your existing lender or go for refinancing with the same lender. 

3. Invest in upgrading technology: One should not think that buying an expensive laptop or a mobile phone will lead to upgradation of technology in the business. It is the automation of the processes like documentation, accounting etc that will boost the efficiency of your business. 

4. Seek professional advice: Taking advice from a chartered accountant or a law firm can help the business phenomenally as they can bring their expertise in your venture. A CA firm can guide you on the health of your finance and how you can upscale it further without hampering your business prospects. 

5. Create your brand value: Invest in marketing your products and your business as a whole. Develop a website of your enterprise and invest in designing your logo and other stationery material. These steps will enhance your brand image and help positively in your business growth.

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January 23, 2019
Marketing and emphasis on environmental sustainability hold key for MSME

A good marketing strategy in place ensures that the products offered by your enterprise are sought out for in the market. While marketing is a valuable tool that entrepreneurs must integrate in their business, the next two decades will also require equal emphasis on social and environmental sustainability for flourishing the MSME sector.

Many a times there is a debate on why should one spend on marketing when the product is good and innovative enough to get sold on its own merit? But here it is very important to note that you might have an excellent product to offer, but if the consumers are not aware of the same, there is less likelihood that it will translate into good sales. However, marketing should not be confused with sales. 

The process of marketing begins from the basic stage of the product. Entrepreneurs must study the consumer habits, trends and the changes expected by them in their line of products. The same amount of research must go into pricing the product after carefully evaluating the competition and the response of the consumers on pricing. Once the product and price are in place, awareness about your product should be done to the right audience. For instance, if you are manufacturing FMCG products, you must study the market beforehand and identify the platforms on which your potential consumers are hooked on so that promotional campaigns can be carried out for marketing the products. 

The best available marketing platform in today’s day and age is the digital online platform. Marketing your products through an effective social media campaign can get you maximum leverage for your business. 

New age entrepreneurs must give equal emphasis on long term social and environmental sustainability in their business. While entrepreneurs are more focussed on boosting the sales and profits figures, they often tend to neglect the environment that might affect their business in the long term. 

For instance, there might be a growing competition in your line of business and you could be in a struggling position to combat that. But if you involve environmental sustainability model in your business right from the beginning chances are that you might score over the competition in terms of pricing as well as brand reputation. 

The climate is going to have a strong impact on the business in the next two decades and therefore it is necessary to plan how your business will thrive in those conditions. Example, having an alternate energy model like a solar energy plant can help you cut down costs and affect your pricing. 

Similarly, while contributing to the society is generally considered to be the work of big corporates through their corporate social responsibility programmes, entrepreneurs can adopt a social sustainability model for their better brand recognition and reputation. Remember, if you contribute to the social causes through your business, it will have a positive impact on the reputation of your enterprise.

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January 23, 2019
We unlock the enormous potential in women entrepreneurs

There is a huge credit deficit in the businesses run by women entrepreneurs in the country. Women are often not projected as highly in leadership roles in the MSME sector and are engaged in the informal, low skilled sector. We at CGCL have a counter view on this. We believe that women, who are the principal decision-makers in consumer spending can offer better innovation in the businesses if motivated enough. We are committed in unlocking the potential of new age women entrepreneurs who face a big challenge in having access to finance. 

Globally, 30 per cent of the MSMEs are run by women and there is a credit deficit of around 300 billion dollars that hampers the growth of enterprises run by women. We see an enormous potential in women-run-businesses and believe in empowering them and become a partner in their prosperity. 

We believe that women can open new markets because of the different strengths they possess than men. Women entrepreneurs leverage unique assets and abilities, and these can play a vital role in emerging economies like ours. For instance, a woman taking tuitions at home wants to expand her venture and open a coaching class or a nursery playgroup but is stuck with finances. Here is the potential that is completely off the radar. She can become a successful entrepreneur if her dreams if given a boost initially. Who knows that the same woman who would teach 4-5 students at home can run a chain of coaching classes in the city. By doing this not only will she realise her own dream but also contribute significantly to the society by generating jobs to run her business et al. 

So, if you are a woman already having a business or wanting to start one and facing difficulties in expanding the same, reach out to us. We are here to help you. While you focus on growing your business, we will take care of your financial needs. We will support you in all stages of your business growth.

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January 23, 2019
6 tips from CGCL to entrepreneurs planning to start a business

It is extremely satisfying to own a business and becoming a successful entrepreneur. But a lot goes into making a venture successful. If a new age entrepreneur takes care of the few basic but important things, nothing can stop the business from flourishing.

We list below 6 tips that you can apply in your business that will maximise the chances of success:

1. Proper planning: An effective business plan is an absolute must before you venture out to realise your dream of becoming a successful entrepreneur. Although it might take pain staking efforts, you will realise that they were totally worth it. So, create a strategic business plan taking into consideration the competition in the business, manpower needs, overhead costs, marketing tools etc before setting up a business. 

2. Plan for long term: It is important to know exactly how much capital would you require to start a business. This would include costs like setting up cost, operational costs and buffer provisions. For example, what if a client delays a payment? Would it affect your immediate operational cost? Have you made enough provisions to survive this scenario? These are the questions that you should reasonably satisfy before you take a plunge in the world of business. 

3. Study the competition: Never commit the mistake of underestimating the competition and do a thorough research on the strategies and models adapted by the competition in your line of business. Study the strengths and weaknesses of the competitors and device your strategy accordingly. You may have adequate funds and a business plan in place but if you have not analysed the competition you might fail in the business. 

4. Don’t start a business just for the heck of it: One might get bored by being a regular employee over a period of time and develop a thought that he can start his own venture using his expertise and skill sets. However, what is important to note here is that while an electrician might be very good at his craft but before starting his own business he should evaluate himself on whether he has the qualities required for becoming a businessman? One must understand that becoming an entrepreneur requires involvement in all the facets of the business. It is therefore important to evaluate whether one has the business acumen and understanding of these subjects before starting a business. 

5. Innovate and automate: Bringing uniqueness in your business and the products you deal in will not only help in sustaining the business, but you will also stand out from the competitors. Take help of experts in your line of business who can guide you on what innovation can be made in the business. Sometimes all it needs is a little change in traditional approaches that can bring about a sea change in the perception of your business from external stake holders. An entrepreneur should also make optimum use of the available technology for various processes of the business. Automation can not only make work easier but also become a vital factor for future expansions. 

6. Have strong and clear fundamentals: Decision making process becomes very simple if the fundamentals are clear in the mind of the entrepreneur. Right from manpower management, client servicing and expansion plans become more easier if the fundamentals of the business are clear. For example, if transparency is one of the fundamentals, it should reflect in all facets of your business.

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January 23, 2019
MSME: A silent revolution taking place in the country

The Micro, Small & Medium Enterprises (MSME) segment is expected to play a vital role in the growth of the Indian economy because of its tremendous potential to generate employment and bridge the urban-rural gap. The development of this segment is extremely important to meet the national imperatives of financial inclusion of various strata of the society. At CGCL, we see ourselves as playing the role of a catalyst in the social revolution that the MSME sector is going to bring in the coming years. We will nurture and support the new age entrepreneurs who have the potential to create globally competitive businesses from India. 

If one looks at the global scenario, it is the MSME sector that has bailed out regions from economic downturns. The MSME therefore truly deserves to be attributed as a backbone for a country’s growth. Empowering these very entrepreneurs who will be contributing significantly is CGCL’s core agenda. 

There is a silent revolution that the MSME sector is set out to bring in the nation. It is a false notion that only the billion-dollar corporates are generating employment in the country. The truth is that around 40%of the total work force comes from the MSME sector. It is important to note that is the small and medium enterprises who are generating employment in the rural and semi-urban areas leading to growth in the utmost underserved areas. By supporting them build their enterprises by financing for expansion or buying sophisticated equipment or training of their personnel, CGCL plays the role of a catalyst in the truest sense. The money raised by entrepreneurs from us helps them in introducing modern technology to their businesses making them capable of competing with their international counter parts and generate more employment and enhance the skill sets of the people which ultimately has a solid social impact. 

We weave ourselves in the enterprises we support in a way that while it helps entrepreneurs to grow their enterprises and fulfil their dreams, at the same time the very enterprise also becomes an important stakeholder in the location where it is situated. Growth of a small or medium enterprise directly affects several other small businesses and boosts the overall growth of the region. 

The increasing trend of the contribution of this sector in the GDP indicates that MSME sector will be instrumental in the transformation of the Indian economy from an agrarian to an industrial one. 

At CGCL, we do not look at them as ‘small’ businesses. We look at them as high quality businesses as the zeal in the entrepreneurs running them are so high that they are involved in the business activities 24x7. The insatiable hunger in these new age entrepreneurs attracts our attention and takes us on a mission to become a part of their success stories and ultimately the ‘India Growth’ story. We strongly believe that entrepreneurship-led economic growth is more robust and inclusive. 

Creating a vibrant entrepreneurial ecosystem will require strong capital inflows as well. We at CGCL are committed to this cause and are reaching out to those who have great ideas but are stuck with finances. As an important stakeholder of the innovation ecosystem, CGCL has a crucial role to play

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January 23, 2019
5 things to know about SME loans

You might have decided to take a loan to meet your business requirements and have already chalked out a plan in that direction. So just as you take a financial plunge, CGCL presents the 10 things you must know about SME loans:

Only banks can give SME loans:
This is a misnomer that prevails in the minds of many entrepreneurs even today. Though one can take business loans from banks, there are several other financial institutions like NBFCs that offer variety of business loans. In fact, the alternatives to the banks have emerged as more customer friendly in the past few years. 

Do I need a perfect credit score to get an SME Loan:
While a good credit score is always preferable by the lenders before approving the loans, this is not the only criteria that would be the deciding factor in deciding whether to approve the loan? From the borrower’s perspective, if he doesn’t have a good credit score at present, he should look at the options of the institutions from where he can take loans from the current credit score and slowly and steadily should build up a good credit score so that he gets a good bargain in future. 

Will I miss the bus due to the ‘long’ time taken to get a loan?
This is again a wrong notion that takes a very long time to get a business loan. Money matters are crucial and can affect the business if money is not handy when needed. Traditional business loans that banking institutions offered in the past did take time for processing, approvals and disbursals However, with the advent of technology and competition among lenders in this space have resulted in favourable scenario for the borrowers. Many institutions now offer spot approvals and assure disbursal within a week. We at CGCL for example are committed towards making finances available to our customers by completing loan formalities in less time. 

Some of the documents that I need to keep handy:
Running helter-skelter in the last minute to arrange for documents can delay the application process. Instead, a little homework done before making a loan application can prove beneficial to both the lender and the borrower. For example, keeping documents like copies of PAN, Aadhar card and a passport size photograph can ease the KYC formalities. Copies of income proofs such as Income tax returns of the last three financial years, registration details of the business, a detailed proposal on the reason why the loan is required can speed up the process. 

Have clarity of mind by asking these questions to yourself:
Loan is a financial obligation that needs to be dealt with complete focus right from the beginning. One must be clear about all facets of the loan that he is about to take. For this, one must put across questions to himself like 
1) How much loan do I need? (It shouldn’t be more or less than required)
2) Do I have a plan on how to use the funds and about repayment of the same?
3) Where exactly am I going to utilise the funds et al

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January 23, 2019
5 new year resolutions for entrepreneurs

We have all made new year resolutions year after year with personal targets kept in mind. We want to pay attention towards losing weight, kick a vice, reading more books and so on. New year resolutions always bring along with them excitement and a deadline to adhere to. Accomplishing these resolutions have a profound sense of pride and achievement in us and we set furthermore goals to improve the quality of our life. Likewise, we can set goals for our business as well that can be a mix of achieving targets to learning from lessons of the past and not committing them in future.

Below are the five resolutions we suggest you must make to bring in the new year:

1) Make business reviews a weekly event: Set a target for various activities like increasing sales to bringing down costs for the new year. But setting goals only will not culminate into achieving them. For this you need to review your actions every week and see whether the plan is going in the right direction or needs modifications. 

2) Train yourself in something new: Be it a short-term certificate course or a part time vocation that might help your business, try and train yourself in something new this year. Technology is upgrading by the minute and you may want to introduce these advancements in your business. Having a short-term certification course might just help you in easing your processes and increasing the efficiency of the business. 

3) Network, network, network: Networking with professionals or other entrepreneurs in your line of business could help you tremendously in improving your business decisions or processes. Many a times we follow traditional methods in running the business and through networking and business meets you might come across innovative ways that can help you improve the quality of your business. 

4) Resolve to introduce one innovation in each processes of your business: Innovation is the key to success. Stay focussed and jot down what is that one innovation that you can make in your business processes that will make you stand out in competition. Innovating would also mean increasing the efficiency of the business processes. 

5) Jot down what did not work for you last year and eradicate it: While you embark on the new year, you must sit down and think what were the things/mistakes that did not work out favourably for your business. If somethings proved disasters for your business, just eradicate those practices this year and if you had committed a few mistakes last year that resulted in hampering the business, learn from those and don’t repeat them this year.

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January 23, 2019
How taking your staff on a weekend holiday can benefit your business?

Human resources are the most crucial ones in deciding the success of a business. While you may have formulated the policies, it is the people who are going to implement it. Remember the happy index of the staff can contribute majorly to the success of your venture. Long working hours, strict deadlines and the environment of a manufacturing unit can often take a toll on your employees mental and physical well-being. We list below how taking your staff on a weekend holiday can not only boost their morale but also inculcate the values of your enterprise in them.

1) Taking your team over a weekend in a nearby resort, for example, will create a positive image of the owner and the overall work culture of the company. If planned well in advance, the bookings too won’t burn a hole in your pocket and taking them out in a lean season will not affect the business as well. It will have an impact on the workforce who will realise that they are being valued by the enterprise. 

2) You will also get to know your team better and their hidden qualities might come out in the open if there are various activities planned also in the trip. You can identify these talents and use them in growing your business. 

3) It will surely earn you good word of mouth publicity and the market reputation will grow as far as potential employees are concerned. Such activities spread fast in the market as the employees discuss them with friends, share the pictures on social media etc. People would look forward to work with you seeing that you value your work force and don’t treat them badly. 

4) Recognise their efforts and award them suitably in these outings. Who doesn’t like to receive awards? It instils a sense of pride in achieving professional goals and also motivates and inspires others to put in efforts so that they can become recipient of such awards. This not only boosts the morale of the work force but also helps in team building process.

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January 23, 2019
Meaning of various terms used in loan transactions

As per 2017 estimates, the MSME sector consists of 51 million units and provides employment to over 117 million persons. The sector cont...

Eligibility: A number of factors like age, gross/net income etc are taken into consideration by a financial institution to determine whether an applicant is eligible for taking a loan product. The assessment made by the institution also determines the amount of loan that can be sanctioned to the applicant on basis of his eligibility. For example, a person earning more than Rs. 20 lakhs per annum applies for a homeloan under PMAY, he is informed that he is not eligible for taking a loan under PMAY as it is meant for low income group and economically weaker sections of the society. Here the eligibility is in principle rejected. In another instance, a person earning less than Rs. Six lakhs per annum applies for a loan of Rs. One crore, he is informed that while he is not eligible to take that high amount of loan, he can be sanctioned a particular amount that he is eligible for. 

Term loan: A term loan is a loan from a bank for a specific amount that has a specified repayment schedule and a fixed or floating interest rate. Often, a businessman uses the cash from a term loan to purchase fixed assets such as equipment for its production process. 

Interest rate: It is the rate a bank or other lender charges to borrow its money, or the rate a bank pays its savers for keeping money in an account. Interest rates are typically noted on an annual basis, known as the annual percentage rate (APR). 

EMI: Also known as equated monthly instalments are the monthly instalments that is deducted from the borrower’s account every month towards repayment of the loan. The EMIs are calculated on the amount, interest rate and tenure of the loan. 

EMI calculator: An EMI calculator calculates the amount to be paid by the borrower as monthly instalment towards repayment of the loan. The amount is calculated considering the amount of loan, the interest rate at which the loan is taken and the tenure of the loan. 

Tenure: The duration for which loan is given. For example, 20 years (240 months), 15 years (180 months) for homeloan or 4 years (48 months) for construction finance. Financial institutions offer various options to the borrower for their loan products. The borrower can choose the tenure that suits best for him. 

Disbursal of loan: Disbursal of a loan means the point at which the lender pays the amount of the loan over to the borrower. When a loan is disbursed to the borrower, it means that the borrower has received the amount of loan. 

Mortgage: An asset whose conditional ownership is given to the lender as a security towards the loan amount by the borrower is called mortgage. At Capri Global Capital Limited, we accept clear title properties like land, plot, residential flats, office premises etc as mortgage for granting SME and construction loans. The possession of the mortgage, generally an immovable asset, is with the borrower but the charge is created in favour of the lender. If a borrower fails to repay the loan amount, the mortgaged property is sold by the lender to recover the loan. 

Hypothecation: The borrower has the actual possession of the asset, for which the loan is taken. Generally, this is charged against loans for movable assets, like car, bus, etc. (i.e., vehicle loans). Here, the assets (bus, car, etc.) remain with the borrower, but are hypothecated to the bank for the loan granted. In case the borrower is unable to repay the loan amount, then the bank has the right to sell the asset (bus, car, etc.), and recover the total amount (with interest). 

Real estate developers can also hypothecate the balance receivables on the already sold units in their project as a collateral security to the lender. For example, in his project, a developer has 100 units of which 50 are sold and 50 are unsold at the time of taking the loan. While he can create a mortgage charge in favour of the lender on the unsold units, he can also hypothecate the balance amounts receivables from the buyers whom he sold the units to the lender. 

Foreclosure of loan: Loan foreclosure is the full repayment of the remaining loan amount in one single payment instead of paying in EMIs.

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January 23, 2019
Challenges faced by SMEs

Human resources are the most crucial ones in deciding the success of a business. While you may have fo...

While we think that it is the large business houses that dominate the business in India, the small and medium enterprises also have a significant stake in the business graph of the country. SMEs contribute 45 % of the country’s manufacturing capacity and contributes to about 9% to India’s GDP. More than 95% enterprises in the country come from the SME sector. While the figures are impressive, the growing sector faces its own set of challenges. We list a few below:

Misinformation on how to raise money:
Traditional businessmen think that going to banks is the only option to raise money to meet business requirements and it is imbibed in their mind that the cost of credit is very high. They feel discouraged because of the cumbersome process and the lengthy time taken to process the loan. To top it, often the loan applications are rejected attributing numerous factors. Also, there are very limited government schemes that provide financial support to these enterprises.

There is misinformation about finding financial resources as while the banks might be very cautious in lending to small businessmen, NBFCs like CGCL have filled that gap. 

Urgent need to upgrade technology
The technologies and machinery used by Indian SMEs for manufacturing are mostly very old and traditional which take more man power and time in manufacturing products. By modernising the equipment and upgrading the technologies, not only the cost of manufacturing reduces but it also proves to be cost efficient leading to growth in the sector.

Lack of Infrastructure
Infrastructure plays a very important role in the functioning of SMEs. However, the SME sector in India is plagued by poor transportation facilities, irregular power and water cuts etc. Focus on infrastructure can boost SME growth.

Less attention to innovation
Most SMEs are traditionally driven, and the same processes are passed on to generations. Ditto with the products. Very little or no innovation goes into the range of products that the enterprise offers. Innovating in the product range and creating something different than the competition or imported products can give an edge to the business. 

Little or no investment in training of staff:
Skillsets required to adapt to newer technologies change constantly. To get maximum output from every level of the staff right from the operator of the machine to the packaging staff etc, necessary training should be imparted. Training is not limited to just the labourers, but even is needed for the entrepreneur himself. He needs to get trained himself in various technological advancements that can help him in expanding his business.

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January 23, 2019
Advantages of taking a loan from Capri Global Capital Limited

We have all made new year resolutions year after year with personal targets kept in mind. We want to p...

Have you ever been turned down by a bank or a financial institution for lack of stringent documentation? Or Has it taken a long time for you to get an approval or disbursal for loan? If your answer to either or both the questions is YES, your answer could have been different had you applied for a loan at Capri Global Capital Limited (CGCL)

We explain to you here in detail as to why your experience could have been far smoother by taking a loan from us: 

Easy processing, spot approval and quick documentation:
When one approaches a bank with a loan proposal, the documentation process is not only lengthy but also is equally time consuming. At CGCL, we believe in quick processing of the loan documents and several times we approve loans on the spot with our trained executives making an assessment right at your doorstep. 

Secondly, what purpose will be solved if you do not get the money at a time when you need it the most. “Money matters the most when its needed. If an application is approved and the documentation process is completed, we believe in disbursing the loan amount to the borrower as soon as possible. In certain instances, we have disbursed the loan amount within a week’s time,” says Rajesh Sharma, director of CGCL. 

Flexibility in assessing your income
The borrowing capacity is always attributed to the proof of income documents submitted by an applicant to the bank. This is done to evaluate the position of the applicant in repaying the loan. Most of the time, either the application is rejected on grounds of less income or very less amount is sanctioned against what a borrower applies for. “Many people who need a loan do not have income proofs or bank statements that reflect their financial condition. We see this especially in those seeking home loans. The borrowers in this segment often do not have a digital financial footprint as they are paid in cash by their employers for example drivers. We do not plainly reject an application just because of ‘no proof of income’. On the contrary, we assess the income of the family. We take into account the salary received in cash by the applicant as well as the income generated by his family members and if the collective income is enough to sustain their lifestyle after paying the EMI for loan we do not reject their application,” says Mr Sharma 

Transparency at each stage, manage loans at your finger tips:
There are no hidden charges whatsoever in taking a loan from Capri Global Capital Limited. The borrower is handed over a kit that explains in detail each stage of the loan process and charges transparently. 

We associate ourselves with the technological advancements and upgrade our mechanisms with an aim to ease the user experience both in terms of tracking as well as managing the loan. Right after application for a loan, each process and status can be checked at the finger tips. 

Personal attention, door step services:
Its often a cumbersome process to reach out with queries on your loan account with financial institutions. But at CGCL, our representatives assist you on every query right from the application process and throughout the tenure of the loan giving a personal touch to the relationship. Many services are also offered right at your doorstep by CGCL.