Business Loan
Many MSMEs rely on a Business Loan to fuel growth and other strategic initiatives. Whether you are expanding operations, purchasing inventory or upgrading equipment, Recapita helps you become bigger — we are a Member Lending Institution (MLI) under the Government of India's ECLGS scheme for MSMEs.
Why choose this
- Loans tailored for MSMEs and small businesses
- Member Lending Institution under ECLGS (Govt. of India)
- Quick small-ticket loans with responsible repayment plans
- Dedicated relationship support from our team
Key features
Why choose Recapita's Business Loan
Loans tailored for MSMEs and small businesses
Member Lending Institution under ECLGS (Govt. of India)
Quick small-ticket loans with responsible repayment plans
Dedicated relationship support from our team
Eligibility
- MSME, proprietorship, partnership or private limited company
- Business vintage of at least 1 year
- Valid business registration / GST where applicable
Documents required
- KYC of proprietor / partners / directors
- Business registration or GST certificate
- Last 6–12 months' bank statement
- Income tax returns or financials where available
How it works
From application to disbursal in four steps
- 01
Online Application
Apply online and our customer care executives will get in touch with you.
- 02
Verification
Furnish the required documents for a simple, transparent verification, subject to KYC.
- 03
Approval
Your documents are assessed and your application is processed, subject to eligibility and our credit policy.
- 04
Disbursal
On approval, the sanctioned loan amount is disbursed directly to your bank account.
Interest & charges
Transparent pricing, disclosed up front
Your exact rate and charges are confirmed in your sanction letter and Key Facts Statement.
Indicative interest rate
12% – 28% per annum for unsecured facilities; 12% – 25% per annum where secured — based on your risk profile and tenure.
A Key Facts Statement (KFS) setting out the all-inclusive cost of your loan — including the Annual Percentage Rate (APR), fees and charges — is provided with your sanction, as required by RBI.
Schedule of Charges
| Charge | Details |
|---|---|
| Interest rate | As per the product range above and your sanction letter / KFS. |
| Processing fee | Determined by product type and loan amount; disclosed at sanction. |
| Prepayment / foreclosure | Nil for individual floating-rate loans; up to 5% on other loans for early closure before the agreed tenure. |
| Penal charges | Up to 24% per annum (non-capitalised), applied on the overdue principal only. |
| Cheque / mandate bounce | ₹500 plus GST per instance of dishonour or payment bounce. |
| Auction charges (secured/gold) | Actuals where recovery through auction becomes necessary, as per the loan agreement and Gold Auction Policy. |
| Stamp duty & statutory levies | At actuals, in accordance with applicable law. |
All loans are at the sole discretion of Recapita Finance Private Limited and are subject to KYC, eligibility, documentation, valuation and applicable RBI norms. Interest rates and charges vary by product, tenure and borrower risk profile, and are confirmed in your sanction letter and Key Fact Statement (KFS). Information on this page is indicative and for general guidance only — it does not constitute a binding offer of credit.
Questions
Frequently asked
Do you fund new businesses?
We typically look for at least one year of business vintage, but talk to our team — we tailor solutions case by case.
What is ECLGS?
The Emergency Credit Line Guarantee Scheme is a Government of India initiative supporting MSMEs. Recapita is a Member Lending Institution under this scheme.
Ready to conquer your next milestone?
Apply online and our team will get in touch - or call us directly at +91 9109915411.