Capital Float offers a range of benefits for their customers. These include instant disbursement, collateral free loans, low interest rates and easy application process.
Founded in 2013, Capital Float has grown exponentially over the years. It specializes in SME and Consumer lending, with a wide product portfolio and scalable technology.
1. Instant Disbursement
Instant disbursement is one of the benefits of Capital Float which allows you to get access to funds quickly. This can help you avoid accumulating debt which is difficult to repay.
Fast disbursement can also be a major benefit for borrowers who are in need of cash during a financial crisis. NBFCs like Capital Float try to approve loan applications as soon as possible and make sure that you get the required amount in your account within a short span of time.
This makes the entire process faster and easier for both lenders and borrowers. This is because the entire process is digital and it only requires an internet connection.
The push payments system is a relatively new method that’s rapidly gaining favor. It’s not just a way to transfer money – it’s also a system that improves cash flow for merchants and suppliers alike.
2. Collateral Free
There are a number of benefits that Capital Float offers its customers including an online application process, a plethora of different options and attractive interest rates. However, the most important is the collateral free nature of its loans.
This enables Capital Float to create value for SMEs through its instant disbursement services and low interest rates. It also allows SMEs to use the funds for other purposes without worrying about the loan getting delinquent.
The company has a rather large technology stack and uses a lot of it to provide the best user experience possible. One of the most impressive tech gizmos is their augmented reality based mobile app that offers a multitude of features. Their website is also impressive. Their e-commerce customer service is among the best in the industry. They have a burgeoning client base and are a top contender in the lending space. The competition for this business is stiff, but they have the foresight to make strategic acquisitions that will help them in their quest for the big time.
3. Low Interest Rates
In 2013, Capital Float was founded by two Stanford classmates who saw a huge untapped market for growth financing in the fast-growing Indian e-commerce space. They recognized the need to provide SMEs with fast, easy, collateral-free business loans.
In the past, banks had a difficult time financing small businesses that were too small to qualify for traditional lending channels. As a result, small businesses were left with few options to grow their businesses.
This meant that they were paying higher interest rates than larger companies. This cost of finance was a major barrier for SMEs that were looking to expand their business in India.
Low short-term interest rates can depress bank margins because banks are reluctant to pass on lower deposit rates (especially below zero) and have an incentive to charge borrowers a higher rate of interest on loans that can be priced off the low interest rate, thereby reducing their net income. However, these effects are much smaller for large banks as they are more capable of effectively managing interest rate risks through derivatives and repricing managed liabilities.
4. Easy Application Process
The application process for Capital Float benefits is simple, fast, and easy. All you need to do is access the website and click on the ‘Apply Now’ button.
Capital Float is a buy now, pay later startup that specializes in financing small and medium-sized businesses. It offers an online platform where business owners can apply for a loan and receive the decision within minutes, with funds often received into their bank accounts in as little as seven days.
Founded by Stanford classmates Gaurav Hinduja and Sashank Rishyasringa in 2013, the company’s founders saw a large market for financing small businesses that was untapped, particularly in the e-commerce sector where many sellers were struggling to find financing.
Capital Float disburses loans to small and medium-sized businesses with lower credit scores than banks, ensuring that they can secure the necessary finance to help them grow their operations. It also allows for a variety of repayment options, including flat and diminishing interest rates.