Frequently Asked Questions
Getting started with Capri Global
Find answers to all your questions here. Browse through these FAQs to find answers to commonly raised questions. If you are going to avail our loans, we encourage you to read through the relevant articles.
How do I approach for loan?
Fill up enquiry form at website or contact at the customer care no’s, we will love to serve you.
What Documents are needed for approving a loan?
At Capri we ensure that minimum documents are collected and evaluation is done of your proposal. We require below mentioned documents: ID proofs, address proofs, Bank statements, Property Papers, Financials
How many days you take to sanction a loan?
At Capri each case undergoes a thorough evaluation process. We normally take 7 to 15 working days to decision the loan depending upon sufficient fulfillment of requirements.
What Charges do I need to pay along with interest?
Kindly refer the section schedule of charges.
What type of installment options are available to me?
Capri offers Equated instalment as well as Structured installment options for tenors 12 to 120 months.
What type of properties are funded by CCGL?
You can speak to the Relationship Manager for more details on this.
We have customized income programs to calculate your loan eligibility which takes into account your actual income. We will determine your loan eligibility largely by your income and repayment capacity and collateral offered. Other important factors include your age, qualification, number of dependents, your spouse’s income (if any), Other Income, Assets & Liabilities, Savings History and the Stability & Continuity of occupation.
Our interest rates depend upon creditworthiness and market conditions.
Your requirement is assessed on the following parameters: Quantitative Parameters 1. Financial Ratios 2. Sales Turnover and Profitability Record 3. Credit History Qualitative Parameters 1. Management Details / Shareholding Pattern 2. Understanding Business Models through Personal Discussions 3. Industry
Minimum age of the self employed applicant should be 25 years & Maximum age of 65 years.
Following will be taken as security 1. The Asset financed (Equipment proforma Invoice mandatory prior to disbursement in all cases) 2. Hypothecation endorsement in the invoice and insurance (Including Transit Insurance) to be present before disbursement of loan along with Equipment Loan cum Hypothecation agreement. 3. Additional Property collateral or any suitable collateral such as Fixed Deposits and LIC policies (as specified from time to time by us)
The rate of interest varies depending upon your loan amount, property type, income etc and this will be communicated to you by our sales representatives.
The stages involved are: 1. Application 2. Processing 3. Documentation 4. Sanctioning of the loan 5. Disbursement
Still have questions?
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
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.
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.