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Capital First Personal Loan
Max Tenure
NA
Best Rate
16%
Processing Fee
2.49%
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Capital First
Capital First Limited, listed in NSE and BSE, is a leading Indian financial institution, specializing in providing debt financing to MSMEs and Consumers in India. The company was largely in the business of wholesale Financing, asset management, and had JVs in Foreign Exchange and retail equity Broking. The Market Cap of Capital First has increased from Rs. 7.90 billion ($121 mn) on March 31, 2012 (FY ending prior to the buyout) to Rs. 76.28 bn on March 31, 2017. ($1.17 bn). Capital First has financed over 4.0 million customers in more than 220 locations across India.
How to Apply for Capital First Finance Personal Loan
What is a personal loan?
A personal loan is an unsecured (i.e. without collateral), multi-purpose loan usually taken to cover short-term money requirements. Personal loans usually have a speedy approval process hence making it one of the most popular loans in the market.
An Introduction to Capital First Personal Loans
Being one of the largest financial institutions in India, Capital First offers a wide range of services in the personal loan segment. It is the most preferred bank by all kinds of people for any financial service. For any immediate financial requirement like wedding, medical treatments, house repair, pleasure vacation etc. can be fulfilled using the personal loans offered by Capital First.
Advantages of Capital First
- Low interest rate
- No hidden costs and administrative charges
- Less paperwork
- Long tenure
- Minimum Income Requirement
- Pensioners get attractive offers
Documentation Required for Capital First Personal Loans
Important documents to be submitted while applying for personal loans with Capital First
- Completed loan application
- 3 Passport size photographs
- Proof of identify (photo copies of Voters ID card/ Passport/ Driving licence/ IT PAN card)
- Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill)
- Statement of Bank Account/ Pass Book for last six months
- Form 16/IT returns for the last two financial years for salaried employees
IT returns for the three years for self-employed professionals
Capital First Personal Loans
Catering to the needs of various sections of people, tailor-made Capital First personal loans is the best option to fulfil your short-term needs. You can choose the best personal loan based on your requirement.
Eligibility
Capital First Personal Loan Details
| Interest Rate (Monthly reducing balance) | 12% to 18% |
| Processing Fees | Up to 1.5% of the loan amount |
| Loan Tenure | 1 year to 5 years |
| Pre-closure charges | Charges on pre-closure-Pre-closure permitted after 6 months. 5% of principal outstanding (plus applicable tax) |
| Guarantor Requirement | No guarantor required |
Capital First Personal Loans Overview
Capital First provides attractive interest rates on personal loans when compared to other lenders. Low interest rate with 1.5% processing fees and no hidden charges makes Capital First personal loans a prospective and viable option for borrowing for your urgent financial requirements. With long tenure and part-prepayment, Capital First personal loans do not impose much burden on the customers.
Capital First Personal Loan FAQs
1. What are my loan limits?
Your personal loan limit would be determined by your income and repayment capacity. Capital First offers two types of personal loans. They are Personal loan and Quick Loan.
2. Can my spouse income be included for calculating the loan amount?
Yes, your spouse's income can be included provided he/she guarantees the loan or the loan is taken jointly.
3. Do I have to pledge some form of security?
In some cases, security is required.
4. What is the repayment schedule like?
The minimum amount that you are expected to pay every month is the EMI. You are allowed to pay more than the EMI if you wish to, and we do not charge any prepayment penalty.
5. What is EMI?
EMI stands for Equated Monthly Instalments. This instalment comprises both principal and interest components. Use the EMI calculator to find out your monthly payments based on the loan amount, the rate of interest and the repayment period. Choose the combination that best meets your financial resources and requirements.
6. What is the processing fee? Are there any other charges?
There is 1.5% processing fee for Personal loan.
7. Do I have the option of choosing a fixed or floating rate for the loan?
You have the option to avail the loan with either a fixed interest rate or a floating one. In the case of a fixed rate loan, the interest rate on the loan will remain fixed through the entire tenure of the loan, whereas in the case of a floating rate loan, the interest rate could decline or rise in line with the changes in the Bank's Medium-Term Lending Rate (SBMTLR).
8. How does Capital First Personal loan compare with those offered by other banks?
There is total transparency with regard to the rate of interest and the fees charged by us. Capital First offers personal loans at the cheapest rates of interest, with no security or collateral Capital First offer loans for the longest tenors (60 months), with the flexibility provided to reduce the tenor by prepaying the loan without any penalty. The Bank provides finance for any personal need or requirement; the total amount being determined on the basis of repaying capacity. With an Capital First personal loan, you can choose between fixed rates of interest and floating interest rates.
9.How can I apply for the Capital First personal loan?
You can either apply online or visit the nearest Capital First loan centre for a personal loan.
10. Will there be any charges for prepayment towards my Capital First personal loan?
There are no pre-payment charges levied towards the personal loan.
Capital First Personal Loan - Customer Reviews
Mohan pawar
hi very good
