Credit - Open Capital

What is Open Capital?
Open Capital is a term loan or working capital loan with quick disbursement and end-to-end online processing.
Wed, 9 Oct, 2024 at 3:51 PM
How can I get a loan through Open Capital?
For availing a loan through Open Capital, follow the steps as mentioned below: Provide the basic details and bank statements.  Check for eligibility of l...
Wed, 9 Oct, 2024 at 3:53 PM
What is the minimum and maximum loan amount I can apply?
We provide Business Loans ranging from a minimum of ₹50,000 to a maximum of ₹50,00,000 depending on your eligibility.
Wed, 9 Oct, 2024 at 3:53 PM
What are the loan tenure options available?
You have the flexibility to choose the loan tenure and repayment ranging from 9 months to 5 years.
Wed, 9 Oct, 2024 at 3:54 PM
Is the interest rate fixed or reducing rate?
We offer a reducing rate of interest.
Wed, 9 Oct, 2024 at 3:54 PM
How long will it take for my business loan to be approved?
Your loan can be disbursed as fast as 48 hours post receipt of all required documents.
Wed, 9 Oct, 2024 at 3:55 PM
What is the mode of EMI repayment?
You can repay your EMI through Electronic Clearance Service (ECS) or Direct Debit facilities.
Wed, 9 Oct, 2024 at 3:55 PM
Can I prepay/foreclose my business loan?
Yes, you can choose to repay your loan any time after 6 months of taking the loan with applicable foreclosure charges.
Wed, 9 Oct, 2024 at 3:56 PM
Is part-prepayment allowed?
Part prepayment is not allowed. The business loan has to be either prepaid in full or serviced for the contracted tenure.
Wed, 9 Oct, 2024 at 3:56 PM
Why is a bank upload statement necessary for availing Business Loan?
Bank statements help generate better offers and act as proof of the financial statement.
Wed, 9 Oct, 2024 at 3:57 PM