Upto Rs.25 Lakhs – Capital First Personal Loan

Capital First is an Indian non-bank financial organization that provides financial services to its consumers. It was founded back in 2012. It is now merged with IDFC Bank.

In this post, I’ll cover the details of Capital First personal loan, its features, eligibility, documents, and many more.

Loan Details

Sl. No.CategoryData
1Loan amountUp to 25 Lakhs
2Age23 years or above
3TenureUp to 60 months (5 years)
4Interest rates12-18%
5Processing charge1.99%
6CIBL scores700 or more
7Document chargesRs 500
8 Cheque swapping chargeRs 500
9Check bounce chargeRs 400

Steps to apply at Capital First for Personal loan

Step-1: Visit the nearest branch or website and then fill up the application form by entering your true details

See also  13 Trending Personal Loans in India 2023 | Don't Miss

Step-2: If you’ll be eligible then bank will ask you for documents upload and verification

Step-3: After verification process, the notification of approval of loan will be given

Features of Capital First Personal Loan

The features of Capital First Personal loan are as follows:

  • Less documentation
  • Attractive interest rates
  • Flexible period of tenure
  • Quick disbursal of loan
  • Doorstep services also available
  • No guarantor required
  • Less processing charge

Eligibility Criteria

The common eligibility criteria to apply for personal loan at Capital First are:

  • Age: 23 to 60 years (salaried), 23 to 65 years (self-employed)
  • Work experience: 1 year or more
  • Monthly salary: Rs 20,000 or more
  • CIBL score: 700 or more

Documentation Required

The documents required for personal loan at Capital First are:

For Capital First Salaried

  1. Identity proof (Driving license/Aadhar card)
  2. Residential proof (Ration card/Passport)
  3. Income proof
  4. Income slips
  5. Credit information
  6. Bank statements
  7. ITRs

For Capital First Self-employed

  1. Identity proof (Driving license/Aadhar card)
  2. Residential proof (Ration card/Passport)
  3. Credit information
  4. Property statements
  5. Business continuation proof
  6. ITRs
See also  Upto Rs.5,00,000 - Cosmos Bank Personal Loan

Comparison of Capital First personal loan with other banks

Sl. No.Bank NameLoan amountInterest ratesProcessing charge
1AxisUp to 15 Lakhs12-21%2%
2HDFCUp to 25 Lakhs10.25%2.5%
3SBIUp to 20 Lakhs1.5%1.5%
4BOIUp to 10 Lakhs8.35-10.35%2-4%
5BajajUp to 25 Lakhs13%4.13%

Check Status

You can easily track your loan status by clicking the following button:

Contact Details

Customer care number: 1860 500 9900 (Monday to Saturday: 9 am to 8 pm)

FAQs

1]. Can I prepay my loan amount after the end of loan term?

Yes, you can pay it but the penalty interest of 5% will be levied.

2]. Is any collateral or security required for personal loan at Capital First?

No, no collateral or security is required.

3]. Can I shift my due date of EMI?

No, you cannot do this.

4]. How to calculate EMI for personal loan at Capital First?

See also  Upto Rs.40 Lakh - IDFC First Bank Personal Loan | Apply Now

You can use our utilloans calculator and thus count your EMIs.

5]. Can I apply online for personal loan due to pandemic?

Yes, Capital First offers the online service for loan application.

Leave a Comment