We help businesses by providing short-term, flexible loans in a simple and efficient manner. Recapita loan will quickly provide you the necessary funds to manage cash flow, pay suppliers, or invest in growth.
Recapita Finance offers loans ranging from ₹ 50,000 – ₹ 2 Cr, with terms between 6 – 36 months across various Loan Products.
Typically, our rates start at 10.99% to 25% per annum with a processing fee of upto 2% of the loan amount. Our Interest Rate varies depending on Credit Profile of prospective borrower, Our Cost of Borrowings and Prevailing Market Rates among other criterions.
Generally, the EMI due date is 11th of every month. Please refer the Sanctioned Terms of each loan for EMI due dates.
No, in cases of Unsecured Loans we evaluate businesses solely on the strength of their cash flows and expected receivables. However in cases of Secured Products viz. Mortgages, Car Loans and other Collateral / Security based loans, borrowers has to provide security to avail loans.
You can request your Statement of Account by sending a request mail with specifying your existing Loan details to firstname.lastname@example.org. The Statement will be mailed to you within the 2 working days.
Please refer the Loan Repayment Schedule and Sanctioned Terms issued to you. Loans which are sanctioned with fixed repayment Schedule are repayable via EMI’s (Monthly / Quarterly). Other Loans which are Sanctioned with repayment on specific dates are payable in Bullet on those specific date.
Yes. Borrowers can prepay their Loan amount ahead of due dates. However, any such prepayment is subject to Pre-payment charges which are specified in Loan documentation. Unlike most banks and NBFCs, we do not charge any pre-payment penalties if you close your loan after a substantial period of repayment are over. Please refer your Loan documentation for more details on this.
Once you have completed the Loan tenor and there are no Outstanding EMI’s or any other charges leviable, NOC will be sent to your registered mailing address updated in our records. Alternatively, you can email us at email@example.com to get a copy.
You can make payment through cash (within the prescribed limit) /cheque mode/ NEFT/ RTGS/ IMPS to our designated Bank account. Please ensure to mention your existing Loan account number while sending funds to this account.
Foreclosure charges are applicable for the loans closed before 180 days, please refer the loan documentation & Sanctioned Letter for further details.
As per the prevailing rates in force, the applicable GST on Charges and Fee is @18%. The same is subject to change from time to time as per the directions of Government of India in this regard.
After the Loan disbursement, any change in your permanent address and contact details are required to be intimated to us. You can write to us on firstname.lastname@example.org along with your valid address proof which will be updated swiftly in our records. Subsequent of updation you will also receive and confirmation of change via mail.
You may contact us through following available Channels -
Please visit our website www.recapitafinance.com to know about the new offers/ products.