Mcapital Business Loan

Updated on November 07, 2025

Author: MybankingTips Team

Mcapital provides collateral-free business loans to small and medium enterprises (SMEs) with loan amounts of up to Rs. 15 lakh and repayment tenures of up to 2 years. The interest rates for Mcapital business loans start from 2% per month. In addition to small business loans, Mcapital also offers POS loans, also known as Loan Against POS Receivables or Retailer Loan. Borrowers availing POS loans also receive a POS machine.

Mcapital Business Loan Highlights
Interest Rate	2% per month onwards
Loan Amount	Up to Rs 15 lakh
Repayment tenure	Up to 3 years
Processing Fee	2% of the loan amount

*Terms and conditions apply.

Table of Contents
Interest rate of Mcapital Business Loan
Fees & Charges
Types of Mcapital Business Loan
Eligibility Criteria
Documents Required

Interest rate of Mcapital Business Loan

The interest rate for Mcapital business loans starts from 2% per month.

Comparison Table of Business Loan Interest Rates offered by MybankingTips Partners:

Bank/NBFC/Fintech	Interest Rate
SBI Bank	9.10% p.a.	Apply Now
HDFC Bank	10.00% - 22.50% p.a.	Apply Now
Kotak Mahindra Bank	16% p.a. onwards	Apply Now
RBL Bank	14%-26% p.a.	Apply Now
ICICI Bank	Up to 17% p.a.	Apply Now
Axis Bank	10.75% p.a.	Apply Now
IDBI Bank	8.05% to 13.45% p.a	Apply Now
Bank Of Baroda	10% to 15% p.a	Apply Now
Ujjivan Small Bank	Up to 2.50%	Apply Now
Bajaj Finserv	9.75% - 25% p.a.	Apply Now
IIFL Finance	12.75% - 44% p.a.	Apply Now
FlexiLoans	1% per month onwards	Apply Now
ZipLoan	1% - 1.5% per month (Flat)	Apply Now
Indifi Finance	1.5% per month onwards	Apply Now
Five Star Business Finance	Up to 2%	Apply Now
Lendingkart Finance	1.25% per month onwards	Apply Now
Tata Capital Finance	12% p.a. onwards	Apply Now
NeoGrowth Finance	15% p.a. onwards	Apply Now
Hero FinCorp	Up to 26% p.a.	Apply Now
Aye Finance	Up to 2.5%	Apply Now
Clix Capital	Up to 3%	Apply Now
Protium Finance	Up to 1.5%	Apply Now
HDB Finance	8% - 26% p.a.	Apply Now
U GRO Capital	Up to 9% p.a.	Apply Now
Mcapital Business	Up to 2% p.a.	Apply Now

Also read: Best Business Loan Interest Rate

Fees and Charges of Mcapital Business Loan

Processing fee

Mcapital charges a processing fee of up to 2% of the loan amount.

Prepayment charges

Small Business Loan	5% of outstanding amount +GST
Loan Against POS Receivables	5% of outstanding amount +GST

Other fees and Charges

Particulars	Small Business Loan	Loan Against POS Receivables
Penal Charges for Cheque/NACH bounce	Rs 750 + GST	Rs 750 + GST
Furnishing Cibil copy	Rs 600 + GST	Rs 600 + GST
Duplicate Repayment schedule	Rs 600 + GST	Rs 600 + GST
Change in repayment mode charges	Rs 600 + GST	Rs 600 + GST
Duplicate NOC Issuance charges	Rs 600 + GST	Rs 600 + GST
Issuance of physical statement of account	Rs 600 + GST	Rs 600 + GST
EMI Pick up charges	Rs 600 + GST	Rs 600 + GST
Loan cancellation & Rebooking charges	5% of principal outstanding or INR 1000/- whichever is higher	5% of principal outstanding or INR 1000/- whichever is higher
Late payment fee	The penalty for late payment of EMI with Mcapital is 5% per month on the EMI amount, calculated from the due date until the repayment of the EMI.	If the Equated Daily Installment (EDI) payment is late but falls within the 3-day grace period limit, Mcapital charges Rs. 100 per day plus 5% per month on the EDI amount.

Also read: Best Business Loan EMI Calculator

Types of Mcapital Business Loan

Small Business Loan

Purpose: Mcapital's small business loan is a collateral-free option designed for entrepreneurs and newly established businesses. It aims to help them expand, meet capital requirements, or renovate their existing business without the need for collateral.

Loan Amount: Up to Rs 15 lakh

Repayment tenure: Up to 2 years

Loan Against POS Receivables (Retailer loan)

Purpose: Mcapital provides loans against POS receivables, also known as POS loans, to businesses. Borrowers can utilize the loan amount for various purposes such as starting a new business, stocking inventory, and other business needs.

Loan amount: Rs 50,000 onwards

Repayment tenure: 6 months to 1 year

Mcapital Business Loan Eligibility Criteria

To be eligible for an Mcapital loan, you must be:

An Indian resident
Your age should be between 25 to 60 years old
Have a good credit score (the NBFC has not specified the minimum requirement)
Your business should accept payments using Mcapital's POS or QR code

In addition to the mentioned eligibility criteria, Mcapital may also consider factors such as age, income, and other relevant factors commonly used by lenders to assess the eligibility of their business loan applicants.

Also read: Best Business Loan Eligibility