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?
We are on a mission of building a financially empowered India, by enabling entrepreneurs from the MSME sector to be financially self-reliant. We wish to eliminate the financial barrier one has to cross in pursuit of his/her dream. We, at Capri Global believe that everyone has the right to progress and lack of funds shouldn’t be a reason one gives up on their dreams. When it comes to making dreams come true, we mean business.
Our Vision - “To give everyday people the power to shape their futures, dream
bigger and turn every opportunity into a success story”.
Today, the funding gap for Indian MSMEs stands at a humongous INR 70 trillion that we intend to bridge. And we wish to do that through our rich understanding of each business from a local and social perspective.
The impact we’ve made so far?
We have opened doors to over 15000 MSME businesses since inception out of which over 6000 of them were in 2019. We strongly believe that the time to invest in MSMEs is now as the youth of the nation are willing to take the risk to grow their business.
All of our products and services revolve around our customers
6.9% of our loans are disbursed to female entrepreneurs
28.8% of the benefactors were first time borrowers
80.7% of our customers have increased their credit bureau scores
How are we fostering entrepreneurship?
In the last decade, the term ‘Entrepreneur’ has become very popular. Though these entrepreneurs contribute to the economy, it is still hard for them to avail credit to sustain their enterprises. We have made it our mission to help these customers kick start their business.
Here’s the story of Sonal Sharma
Chetan Glass and Hardware store was in the hands of Sonal Sharma after the demise of her husband. To run the business, Sonal had to get a grasp on how glass is made, designed and transported. She was expected to manage orders and sales promptly with customers spread across Gujarat. Sonal knew she had found the answer when her loan was approved and fast tracked. She could now focus on things that mattered with purpose and determination. Currently, there are 4 branches of Chetan Glass House in Ahmedabad and Sonal successfully earns a revenue of 8 lakhs.
Just like Sonal, we have financially enabled entrepreneurs or provided a stimulus for business ventures run by low-income families, our goal is to make more and more people a part of India’s growth story.
As a part of our CSR initiative, we have been a part of Mann Deshi Kisan Producer Company, a company launched on December 7, 2018. The objective of the project is to empower women farmers with knowledge, skills, courage, and capital. These women farmers will also get direct access to markets to ensure fair prices for their collective produce. Through this initiative, women farmers will adopt sustainable farming practices which will lead higher profits enabling them to have better control over their lives.
The impact we are making:
Around 30 farmer stalls of perishables and non perishables goods were included in Mann Deshi Mahotsav, an annual fair to promote artisans, women entrepreneurs and farmers in Satara and Mumbai.
300 women are provided training and executed profit models through distribution of custard apple saplings. Contract Farming of Okara, types of chillies and gourds, beans are under progress through which these commodities have assigned fixed prices from an exporter.
A retail outlet is set up in Mhaswad to promote agriculture and agriculture processed food products directly procured from farmers and women entrepreneurs.
Visits are organized at the Govind Dairy in Phaltan for farmers to explore alternative income options from livestock and natural home based remedies to address some of the common diseases seen in animals.
Mann Deshi Bank plans to design a warehousing receipt finance to address farmer's liquidity and cash flow challenges. This will help farmers overcome the losses incurred during the COVID-19 crisis
In the coming years, we wish to impact and change the lives of many more farmers by partnering with companies like - Mann Deshi Kisan Producer Company.
Women have played a pivotal role in helping the growth of the Indian economy. It is estimated that women contribute approximately 17-18% of the total GDP. Although they are strong in the farming and dairy sector, India’s rapid urbanization has not yet encouraged more women to join the labour force.
Women’s contribution to the country’s GDP is currently one of the lowest in the world, with only 25% of India’s labour force being female. But even if only 50% of women chose to join the workforce, then India’s growth can scale from 1.5% to 9% a year.
Why should we fund more women?
We believe women must be given equal opportunity, because we can accelerate growth and progress by working together.
Here are some of the reasons we feel more women should have access to financial aid:
Women promote economic growth
As mentioned earlier, women go beyond social responsibility and can have a positive impact on the economy. Women-owned firms result in increased jobs, and yield substantial sales and receipts.
Women exhibit strong financial performance
Despite less access to capital, women have proved to have higher levels of financial performance compared to men. It has also been proven time and
again that women form a “low risk and high return” category.
Women promote progress
Women are known to promote progress not only economically, but also socially. They can contribute in preventing another global recession. By integrating women into both workplaces and marketplaces, it is known that the world can reap.
The time to invest in women is now
Women’s entrepreneurial appetites are at an all-time high. Statistics show that approximately 10 million entrepreneurs will be funded by 2025, out of which 50% will be women.
We too are trying our best to help women get financial independence. And over the years we have partnered with 24,996 women for home and business loans. Most of these women hail from rural India, with limited or no exposure to mainstream choices. Despite a less advantageous initiation to life, they have emerged as major players, both at work and at home. Their ambition, skills, business and entrepreneurial acumen were instrumental in ushering a strong social and financial reformation within their family and their immediate ecosystem. Hearteningly, a majority of these women are first time loan applicants.
If you’re looking for a loan or looking to empower women, you can find the right loan here at Capri Global.