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.
Table of Contents
Loan Details
| Sl. No. | Category | Data |
|---|---|---|
| 1 | Loan amount | Up to 25 Lakhs |
| 2 | Age | 23 years or above |
| 3 | Tenure | Up to 60 months (5 years) |
| 4 | Interest rates | 12-18% |
| 5 | Processing charge | 1.99% |
| 6 | CIBL scores | 700 or more |
| 7 | Document charges | Rs 500 |
| 8 | Cheque swapping charge | Rs 500 |
| 9 | Check bounce charge | Rs 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
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
- Identity proof (Driving license/Aadhar card)
- Residential proof (Ration card/Passport)
- Income proof
- Income slips
- Credit information
- Bank statements
- ITRs
For Capital First Self-employed
- Identity proof (Driving license/Aadhar card)
- Residential proof (Ration card/Passport)
- Credit information
- Property statements
- Business continuation proof
- ITRs
Comparison of Capital First personal loan with other banks
| Sl. No. | Bank Name | Loan amount | Interest rates | Processing charge |
|---|---|---|---|---|
| 1 | Axis | Up to 15 Lakhs | 12-21% | 2% |
| 2 | HDFC | Up to 25 Lakhs | 10.25% | 2.5% |
| 3 | SBI | Up to 20 Lakhs | 1.5% | 1.5% |
| 4 | BOI | Up to 10 Lakhs | 8.35-10.35% | 2-4% |
| 5 | Bajaj | Up to 25 Lakhs | 13% | 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?
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.
Related Posts:
