What does Caspian Investments lend?

Caspian Investments writes dropline overdraft, overdraft / cash credit, purchase invoice discounting, sales invoice discounting, secured term loan, venture debt and 1 further products. Across those, observed facilities run ₹5 cr to ₹5 cr.

What ticket size does Caspian Investments offer?

Facilities observed on live transactions run from ₹5 cr to ₹5 cr. The band differs by product, so the figure that applies to you depends on which facility you are asking for.

What rate does Caspian Investments charge?

Rates observed on live transactions fall between 15% and 16% a year. Tenures run 12 to 24 months. These are observed figures, not a quote, and the rate you are offered depends on your file.

How long does Caspian Investments take to disburse?

About 43 days from application to disbursal at the median, where the file is complete. Missing financials, unresolved security or a pending no-objection from an existing lender are what usually stretch it.

What are Caspian Investments's eligibility criteria?

The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page.

Lender profile

Caspian Investments business loans

Caspian Investments is on Recur Club's lender panel, writing dropline overdraft, overdraft / cash credit, purchase invoice discounting and 4 other products. Observed tickets run ₹5 cr to ₹5 cr, priced between 15% and 16%. Median turnaround from application to disbursal is about 43 days.

✓Tickets from ₹5 Cr – ₹5 Cr across 7 products
✓Indicative pricing 15% – 16%, as quoted on live transactions
✓We check your fit against every lender on the panel, not just this one

Check your fit →See a typical term sheet

Products live

₹1 Cr

Median sanction

Sanction letters read

— The screen your file has to clear

The screen your file has to clear

What is checked before anything else, and applies to every product below.

Rejects

Won't finance activities/materials illegal under host country law or international conventions (ozone-depleting substances, CITES species, hazardous chemicals)
Won't finance cross-border trade in waste unless Basel Convention compliant
Won't finance projects involving pornography and/or prostitution
Won't finance racist and/or anti-democratic media

14 more ▾

Won't finance businesses where alcohol (except beer/wine), tobacco, weapons/munitions, or gambling/casinos form a substantial part (>10%) of activities
Won't finance projects causing destruction of Critical Forest Areas or High Conservation Value areas
Won't finance dam projects that significantly/irreversibly disrupt ecosystems, alter hydrology, or displace 5,000+ people
Won't finance projects requiring resettlement of 5,000 or more persons
Won't finance projects using forced labor or harmful child labor
Won't finance production/trade in radioactive materials or unbonded asbestos fibers
Won't finance large-scale industrial plants, refineries, major GHG-emitting projects (>100,000 tons CO2eq/yr), or large cement/steel/chemical manufacturing
Won't finance projects in or impacting World Heritage Sites, National Parks, or IUCN protected areas without demonstrated non-degradation and net positive impact
Won't fund (stated policy): Tobacco Products
Explosives, Arms and Ammunitions
Gambling and Betting
Cement
Metals and Mining
+1 more (playbook)

Behaviour & gates

Borrower: age ≥2y
CIBIL ≥650
avoid: Tobacco Products, Gambling and Betting, Lottery Business
Andhra Pradesh, Chandigarh, Delhi, Gujarat, Goa, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal (varies by product)
Private Limited, Public
Financials: runway ≥9mo

18 more ▾

rev ≥₹30cr (cohort ≈119.1) (secured term loan)
rev ≥₹7cr (purchase invoice discounting, sales invoice discounting)
TOL/adjusted tangible net worth ≤5
debt/EBITDA ≤4 (cohort ≈1.1×)
maximum annualrevenue: 500 (varies by product)
networth ≥₹10cr (cohort ≈233.2) (varies by product)
debt/networth ≤4 (cohort ≈0.2×)
DSCR ≥1
Deal: rate 13–18% (range across products — see matrix)
ticket ₹1–20cr (range across products — see matrix)
tenure 12–30mo (range across products — see matrix)
no PEP
Security (observed): Personal Guarantee Of Promoters / Directors / Property Owner (100%)
1st/pari-passu charge on current assets (67%)
Security asked in : Personal Guarantee Of Promoters/Directors (×2), 1st/pari-passu charge on current assets (×1), Fixed Deposit <5% (×1), FD margin 5–10% (×1)
Security asked in : Personal Guarantee Of Promoters/Directors (×31), 1st/pari-passu charge on current assets (×28), FD margin 10–15% (×15), FD margin 5–10% (×10)
Security asked in 2026: Personal Guarantee Of Promoters / Directors / Property Owner (×9), 1st/pari-passu charge on current assets (×6), FD margin 5–10% (×4), FD margin 15–20% (×2)
share → in-principle approval (initial interest): ≈24d

— Products & indicative terms

What Caspian Investments lends, and on what terms

What has actually been offered on live transactions, not brochure numbers. Treat them as the band you are likely to be quoted inside, not a promise. Open a row for that product's credit box.

Product	Ticket	Pricing	Tenure
Purchase Invoice Discounting▾▴ Turnaround ~43d Rejects Negative sectors: Tobacco Products, Gambling and Betting, Lottery Business Wins Director overdue: 0.001 INR Cr States: pan-India Company types: Private Limited, Public Min company age (yr): 2 Years 15 more ▾ ▴ Director CIBIL: 650 Min Runway: 9 Months Min revenue (₹cr): 7 Debt / EBITDA: 4 Min Networth: 0 INR Cr Debt / Net worth: 4 Debt Service Coverage Ratio: 1 Offered terms (past deals): rate 15–15–15% ₹5–5–5 Cr 12–12–12 mo Turnaround: ≈43 days (share→disburse) Asks for Term sheet (×7) Asks for Fees / diligence (×1) Asks for Provisional financials (×1) Asks for Receivable/inventory ageing (×1) Behaviour & gates Min tenure (mo): 12 Months Min ticket (₹cr): 1 Max tenure (mo): 12 Months Min rate (%): 13 Politically Exposed Person: No Max ticket (₹cr): 20 5 more ▾ ▴ Security required: ['Charge On Current Assets - Pari Passu First Charge', 'Personal Guarantee of Promoters / Directors / Property Owner'], ['Charge On Current Assets - Second Charge', 'Warrants 5-10%', 'Personal Guarantee of Promoters / Directors / Property Owner'], ['Charge On Current Assets - Second Charge', 'Fixed Deposit 10 - 15%', 'Personal Guarantee of Promoters / Directors / Property Owner'], ['Charge On Current Assets - Pari Passu First Charge', 'Fixed Deposit 10 - 15%'] Max rate (%): 18 rate — stated 13–18%, actually offered 15–15% → within stated band Amount — stated 1–20 Cr, actually offered 5–5 Cr → within stated band Tenure — stated 12–12 mo, actually offered 12–12 mo → within stated band	₹5 cr	15%	12 mo
Secured Term Loan▾▴ Turnaround ~181d Rejects Negative sectors: Tobacco Products, Gambling and Betting, Lottery Business Wins Director overdue: 0.001 INR Cr States: 17 values → data JSON Company types: Private Limited, Public Min company age (yr): 2 Years 18 more ▾ ▴ Director CIBIL: 650 Min Runway: 9 Months Min revenue (₹cr): 30 → funded cohort ≈119.1 Debt / EBITDA: 4 → funded cohort ≈1.05 Max revenue (₹cr): 500 Min Networth: 10 INR Cr → funded cohort ≈233.16 Debt / Net worth: 4 → funded cohort ≈0.18 Debt Service Coverage Ratio: 1 Offered terms (past deals): rate 15–15.5–16% ₹5–5–5 Cr 18–24–24 mo Turnaround: ≈181 days (share→disburse) Asks for Provisional financials (×4) Asks for Term sheet (×4) Asks for Debt schedule / sanction letters (×2) Asks for Receivable/inventory ageing (×2) Asks for Bank statements (×1) Asks for Cap table / equity (×1) Behaviour & gates Min tenure (mo): 12 Months Min ticket (₹cr): 3 Max tenure (mo): 30 Months Min rate (%): 14 Politically Exposed Person: No Max ticket (₹cr): 20 5 more ▾ ▴ Security required: ['Charge On Current Assets - Pari Passu First Charge', 'Personal Guarantee of Promoters / Directors / Property Owner'], ['Charge On Current Assets - Second Charge', 'Personal Guarantee of Promoters / Directors / Property Owner', 'Corporate Guarantee', 'Escrow Of Cashflows'], ['Charge On Current Assets - Second Charge', 'Fixed Deposit 10 - 15%', 'Personal Guarantee of Promoters / Directors / Property Owner', 'Pledge Of Shares <= 51%'], ['Warrants 5-10%', 'Charge On Current Assets - Pari Passu First Charge', 'Escrow Of Cashflows', 'Charge On Movable Fixed Assets/Plant & Machinery - Exclusive First Charge', 'Personal Guarantee of Promoters / Directors / Property Owner'], ['Charge On Movable Fixed Assets/Plant & Machinery - Exclusive First Charge', 'Personal Guarantee of Promoters / Directors / Property Owner'] Max rate (%): 18 rate — stated 14–18%, actually offered 15–16% → within stated band Amount — stated 3–20 Cr, actually offered 5–5 Cr → within stated band Tenure — stated 12–30 mo, actually offered 18–24 mo → within stated band	₹5 cr	15–16%	18–24 mo

Also offered, with no terms observed yet: Dropline Overdraft, Overdraft / Cash Credit, Sales Invoice Discounting, Venture Debt, Working Capital Demand Loan.

— Typical term sheet

What a sanction from Caspian Investments actually looks like

Reconstructed from real sanction letters. Small samples, so read them as observed rather than as a rule.

Specimen sanction

Representative of the median file. Your actual terms will move with rating, security cover and relationship.

Indicative

How often each clause appears

Share of the 2 sanction letters carrying the clause.

No further borrowing without lender consent100%

— Security & covenants

What they will ask you to pledge

Counted across the sanction letters read. A combination is normal, and most files carry more than one.

Demand Promissory Note2 letters
Current assets (floating charge / hypothecation)1 letters
Cheques1 letters
Payment cheque1 letters
Current assets (hypothecation)1 letters
auto-debit mandate1 letters

Demand Promissory Note ×2, Current assets (floating charge / hypothecation) ×1, Cheques ×1, Payment cheque ×1, Current assets (hypothecation) ×1, auto-debit mandate ×1

— Common questions

What borrowers ask about Caspian Investments

What does Caspian Investments lend?: Caspian Investments writes dropline overdraft, overdraft / cash credit, purchase invoice discounting, sales invoice discounting, secured term loan, venture debt and 1 further products. Across those, observed facilities run ₹5 cr to ₹5 cr.
What ticket size does Caspian Investments offer?: Facilities observed on live transactions run from ₹5 cr to ₹5 cr. The band differs by product, so the figure that applies to you depends on which facility you are asking for.
What rate does Caspian Investments charge?: Rates observed on live transactions fall between 15% and 16% a year. Tenures run 12 to 24 months. These are observed figures, not a quote, and the rate you are offered depends on your file.
How long does Caspian Investments take to disburse?: About 43 days from application to disbursal at the median, where the file is complete. Missing financials, unresolved security or a pending no-objection from an existing lender are what usually stretch it.
What are Caspian Investments's eligibility criteria?: The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page.

Next steps after Caspian Investments

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Last updated 7 October 2026

Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of Caspian Investments's current policy. Terms are set by the lender at the time of sanction.