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    We found 1 Capital First Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
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    Good to Know
    Eligibility Criteria
    Customer Reviews
    Capital First Personal Loan is Rated as "Pretty good" by 429 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

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    Personal Loan BYTES FROM OUR KITCHEN

    Capital First Personal Loan

    Established in 2012 by Mr. V. Vaidyanathan, Capital First is a leading financial service provider in India with a credit rating of AA+. The company was established with the aim of financing India’s 50 million MSMEs and its evolving middle class. With the course of time, Capital First has established a solid brand name by starting new businesses and acquiring new share shareholders.


    You’re probably eligible for an Capital First Personal Loan if you are

    01
    02
    03
    04
    Capital First Minimum Age

    At least 23 years old

    Capital First Maximum Age

    Less than 65 years old

    Capital First Eligible Employment Type

    Salaried with regular income

    Capital First Minimum Income

    Earn more than the minimum
    income required


    Your Capital First Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Capital First Minimum Salary

    Minimum income required Rs.35,000 per month

    Capital First Maximum Loan Funded

    Maximum allowed personal loan is Rs. 15 lakhs

    Capital First EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Capital First Personal Loan amount by these steps

    01
    02
    Capital First Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Capital

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Capital First Personal Loan

    • 1. PAN Card – For Individual
    • 2. Identity Proof – Any one (e.g. Voter ID / Driving License / Passport)
    • 3. Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)
    • 4. Relationship Proof (if required)
    • 5.Passport Size Photographs
    • 6.Any other valid Photo ID card issued by central or state government
    • 7. Latest 6 months Salary credit Bank Statements
    • 8. Documentation for salaried applicants:
      • Latest 2 months pay slips and Form 16 issued by the employer.
      • Income documents of salaried spouse (in case of clubbing of income)

    Capital First Personal Loan Interest RatesUpdated on 11 Dec 2017

    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-Preclosure permitted after 6 months. 5% of principal outstanding (plus applicable tax)
    Guarantor Requirement No guarantor required

    Capital First Personal Loan

    Capital First primarily provides debt financing to MSMEs and consumers in India. Capital First has come up with a new model of financing for MSMEs with the help of cutting-edge technology and analytics. Currently, the company provides the following products - Personal Loan, Two Wheeler Loan, Loan against Property, Pre-owned Car Loan, Business Loan, Durable Loan, Insurance and Easy Buy Card. Financing offered by Capital First can be used for accomplishing a lot of personal tasks such as expanding business, buying furniture and office automation such as computer and printers etc. So far, the company has financed more than 2.25 million customers that include both self-employed individuals and MSMEs. So far, the company has created loan assets of Rs. 160.41 billion. It has a huge network, and provides providing financing to nearly 222 locations across the country.

    Capital First personal loans are amongst the highest rated in the market at present because of their excellent customer service and rates.

    Features of Capital First Personal Loans

    A personal loan from Capital First can help you on your path to financial freedom, providing you with finances for a wide variety of repayment options and tenures. The institution will ensure that you receive the maximum loan possible, taking into consideration your CIBIL score, documentation, requirement and repayment history.

    • Interest rate – Your interest rate determines how much more you’ll be paying back to the loan provider than what you’ve borrowed. Hence, a competitively low interest rate is what you should look for when taking a personal loan. Fortunately, Capital First offers loans at competitive interest rates of 15% to 20% for salaried applicants and 22% for self-employed applicants, on a monthly reducing balance model.
    • Processing fees – is a charge levied by the loan provider to meet the costs of processing and approving your personal loan. Capital First charges a 2% processing fee + tax for this purpose.
    • Loan tenure – is an important factor when deciding to take a personal loan. It determines how long you will be paying monthly instalments to clear off your loan. Longer tenures generally come with marginally higher interest rates while smaller tenures have marginally lower interest rates. Capital First offers loans for tenures ranging from 1 year to 5 years.
    • Pre-closure charges – are those that are levied by the loan provider in addition to your existing payable balance, if you wish to close your loan early. Charges on pre-closure are 5% on POS (Principal Outstanding) after clearing 6 EMIs.
    • Guarantor requirement – Most loan providers, for most types of loans, require you to present a guarantor – or a person who backs your ability to repay the loan. Capital First does not require a guarantor and this saves you a lot of time and effort in securing your loan.

    Other features and benefits include:

    • Minimal documentation.
    • Approval without any mortgage.
    • Fast processing.
    • Foreclosure options available.

    With Capital First, you receive a strong infusion of funds as per your requirement (if you’re eligible) at competitive rates of interest and easy payment options. There is a minimal pre-closure fee and the loan does not even require a guarantor. More and more people are choosing Capital First as their preferred personal loan provider for these reasons and because they charge a very low processing fee in addition to providing you with world-class financial services. You can take this loan to cover medical emergencies, home renovation expenses, marriage, higher education costs, business capital requirements, purchasing assets, purchasing vehicles, and you can even choose not to disclose how you wish to use your loan.

    Eligibility for personal loans is differs between banks (and NBFCs) and people. Different people in different situations living in different cities can have different loan amounts approved at different interest rates. Most of it depends on your ability to repay your loan, which is largely dependent on your CIBIL score and credit rating. For example, a person living in Bangalore earning Rs.50,000 per month will be eligible for a different loan amount and interest rate than a person living in Mumbai earning the same salary. It also is dependent upon how you repaid your previous loans, if any, and how meticulously you’ve followed up on our credit card payments.

    • Minimum age - You must be at least 23 years old if you’re a salaried employee, or at least 28 years old if you’re self-employed.
    • Maximum age – is 58 years for salaried employees, or 65 (age + tenure) for self-employed people.
    • Minimum income required – for salaried employees is Rs.20,000 per month, and Rs.1,00,000 per annum for self-employed persons.
    • Maximum loan amount – that’s allowed for salaried employees is Rs.10,00,000 and Rs.15,00,000 for self-employed people.
    • CIBIL Score – most banks and NBFCs require you to have a CIBIL score of over 750.

    Banks and NBFCs look at your CIBIL score as an indicator as to whether you will pay your loan back, based on your performance with past loans and credit card payments.

    You can improve your CIBIL score and consequently your eligibility by:

    • Repaying credit cards on time – monthly credit card payments, in full, will improve your score.
    • Closing all loans as per the terms on which you took them – don’t ask for extensions or immediate settlements with your lender, finish off your loan EMIs as they arise.
    • Not standing as guarantor on potentially defaulted loans – Make sure the person whose loan for which you’re standing guarantor is responsible and capable of repaying the loan.
    • Maintaining good relations with banks.
    • Don’t over-leverage yourself – don’t take more loans than you can pay off with your current take-home salary.
    • Don’t over-borrow – take life one loan at a time.

    To apply for a personal loan and have it approved, you will need to submit a certain set of documents that prove your identity and prove that you will be able to repay the loan based on the claims of income you’ve made.

    Documents you’ll need are:

    • PAN (Personal Account Number) Card.
    • Identity proof – this must contain your full name as it appears on the application along with photo ID, if you aren’t submitting a separate photo ID, it is recommended to submit a photo ID and identity proof together. This could be your Voter ID, Driving License, Passport, etc.
    • Address proof – this is to ensure that the address details you have provided are legitimate and verifiable. Any loan-related correspondence will be sent to the address, for which verifiable proof will have to be submitted in the form of Voter ID, Driving License, Passport, Telephone Bill, Electricity Bill, Registered Lease Deed or agreement, Sale agreement, Bank statement, etc. whichever can be taken as a legitimate and verifiable proof of address.

    • Passport-sized photographs will also have to be submitted for Capital First’s internal use – on forms, documents, etc. They may require a number of passport photographs, so be prepared with at least 5 or 7 of these.
    • Any valid Photo ID - card or otherwise - issued by the state or central government.
    • Salary slips or bank statements of credited salary – will be required to verify that you indeed are earning as much as you claim.

    • Bank statements – to verify that your income from business is enough to support the personal loan you wish to take.
    • Form 16 issued by your employer.
    • Income documents of your salaried spouse – in case you wish you club your income.

    BankBazaar is your one-stop-shop for all loan, credit card, deposits and insurance related services. We take the mess of information available on the internet and curate, condense and classify it in a manner that is easy for you to read and understand. There’s minimal financial jargon, and more raw important information for you to consider before taking – in this case – a loan.

    While banks and NBFCs may present only the benefits and advantages of taking a loan from their institution, we take all offers on the market into consideration and make sure you make the best possible choice, based on your personal needs. A loan from Bank A may have the interest rate you desire, but a loan from Bank B may have your desired tenure – we find all this information and even tell you about Bank C, which has the right interest rate, tenure and highest loan amount based on your unique eligibility criteria. We have consolidated and efficiently categorized information for you to be able to consider all available options before making a decision.

    • BankBazaar has tie-ups with many leading banks in India to get you instant loan approval at low and affordable interest rates.
    • Personalized and customized quotes on personal loans other financial products.
    • Track your application online, or through SMS.
    • Personalized eligibility calculator.
    • Compare offers from different banks and financial institutions.
    • BankBazaar maintains your privacy and does not disclose any information to anyone without your express permission.
    • Expert financial opinions.
    • Feedback and ratings by people just like you who have used different financial services from different banks, and left ratings and comments on how they were served.
    • Impartial and unbiased reviews on all financial products on offer by all banks.
    • Comparison charts and tables based on factors that are important for you – like features, benefits, processing fees, interest rates, etc.
    • Special offers and discounts from a host of online retailers, upon purchase of a product online from www.bankbazaar.com
    • It is free.

    First things first – go to www.bankbazaar.com and follow these steps:

    • Select the product you require (personal loans) from the menu bar on top.
    • Fill up the details form – where you live, where you work, how much you earn and how much of a personal loan you’d like to borrow and the tenure.
    • Compare and shortlist offers from a range of banks and NBFCs.
    • Once you finalize on a loan, click the submit button and you application will be sent to the vendor of your choice, who will contact you.
    • Enjoy your personal loan and reap the benefits of the best financial products available.

    www.bankbazaar.com has an easy-to-use EMI calculator tool that arrives at your monthly EMI amount payable through the input of your chosen loan amount, loan tenure, processing fees (if any) and the rate of interest. Planning your future finances is super-easy with this tool which will literally tell you how much you owe the lender each month, before you even take a loan.

    • Who is eligible for a personal loan from Credit First?

      Salaried individuals between the age of 23 to 55 years old, earn over Rs.20,000 per month and have a decent CIBIL score. Self-employed persons who are between the age of 28 to 65 years old, have a yearly turnover of Rs.10,00,000 and have a decent CIBIL score.

      When, and for what purpose can I take a personal loan from Credit First?

      You can take a personal loan as and when the need arises – to meet an emergency expense, to purchase assets, as capital for your business, for a marriage, or even if you just feel like it. The reason you need a personal loan needn’t be explained.

    • When, and for what purpose can I take a personal loan from Credit First?

      You can take a personal loan as and when the need arises – to meet an emergency expense, to purchase assets, as capital for your business, for a marriage, or even if you just feel like it. The reason you need a personal loan needn’t be explained.

    • What is the maximum loan amount that I can take from Credit First?

      Loans for salaried employees can go up as high as Rs.10,00,000 and Rs.15,00,000 for self-employed people. This, of course, is dependent on your eligibility.

    • What is the rate of interest on a personal loan from Credit First?

      Interest rates range from 15% to 20% for salaried employees and 22% for those who are self-employed.

    • Where can I get an application form for a personal loan from Credit First?

      You can download it from their website, or you can compare their offer with many others and apply directly through www.bankbazaar.com.

    • How secure is the application process through BankBazaar?

      The BankBazaar application process is super-easy and ultra-secure. Your personal details will not be revealed or shared with anyone until you apply for a loan through a particular bank and even then, your details are only shared with the bank you choose.

    • What can one use the Capital First Personal Loan amount for?

      The personal loan amount granted for Capital First Personal Loan can be utilised for any personal expenditure that is legal. The loan is usually utilised to fund expenses incurred from wedding, medical emergency, home renovation, education and much more.

    • Does one need to mortgage their property to avail the loan?

      The individual can get a sanction approval for the loan without mortgaging their property.

    • How is the interest calculated for the personal loan?

      The interest for the loan is calculated on a monthly basis for Capital First Personal Loan.

    • Does the bank offer foreclosure option for the loan?

      The bank does offer foreclosure options for the loan.

    • What is the minimum age requirement for the loan?

      The applicant needs to be at least 21 years of age to be eligible for the loan.

    • What is the Eligibility criteria for Capital First Personal Loan?

      The personal loan can be availed by any customer who have already taken a Consumer Durable loan or two wheeler loan from the bank.

    • What are the Documents required for Capital First Personal Loan?

      Listed below are the documents required to apply for the personal loan.

      • Completely finished application form
      • Passport size photograph
      • Security
      • Identity proof
      • Address proof
    • What are the ways through which one can apply for the loan?

      There are three ways through which one can apply for the Capital First personal loan.

      • Through a phone call to the bank
      • Visit a branch of the bank personally and apply for the loan there
      • Apply online either through the bank’s official website or through a third party financial website
    • What is the best benefit offered by the loan?

      The best benefit offered by the personal loan is that the loan provides insurance options at a lower premium.

    Capital First Personal Loan Reviews

    • Capital First Personal Loan
      "Interest Rate is High"
      0.5 3.0/5 "Satisfactory"
      I was in need of a small amount and Capital first held up pretty well for itself and gave me the amount I required. The process for getting the Loan was pretty short and also the documentation required was also low. Their Rate of Interest is a little high compared to other Banks.
      Was this review helpful? 2
      , new delhi
      Reviewed on Dec 06, 2017
    • Capital First Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan application was approved with CAPITAL FIRST and it was a good loan experience. It took 2 weeks of time for the loan amount to get disbursed. When it comes to customer service, it was good, they followed up correctly and they provided door step service for documents pick up. The rate of interest was nominal when compared to other sources.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Dec 06, 2017
    • Capital First Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Capital First.The loan amount is 1.05 lakhs,rate of interest is 24% high compared to others.The tenure is 36 months i paid 10 months.The payments is done through an ECS.The net banking facility is good.They had immediately processed the loan request.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 06, 2017
    • Capital First Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have requested for a personal loan with Capital First.The loan amount is 50,000.Rate of interest is 19% very high as compared to others later they had told me its will be reduced but same did not happen almost paid 18 months,the total tenure is for 24 months.I submitted documents to process the request.The executives had shared the complete details.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 05, 2017
    • Capital First Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      My loan amount is around Rs. 2.36 lakhs, Capital first done a fast done within a week they sanctioned the loan. They gave better interest rate for the tenure 36 months. I have not check for the foreclosure because I am okay with the tenure period and also I could track the loan transaction through Capital First website.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 04, 2017
    • Capital First Personal Loan
      "Great response"
      0.5 4.0/5 "Great!"
      I have chosen Capital First for my personal loan because they are providing good service and response. The executive came to my place and collected all the documents. They have sanctioned the loan on time and provided 10L rupees but I needed only 2L.
      Was this review helpful? 1
      , anand
      Reviewed on Dec 02, 2017
    • Capital First Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with CAPITAL first 4 months back. The loan amount was 3 lakhs and the interest rate was 21% which was very high in the market comparing to other banks. The tenure period was 4 years . The customer service and responses was up to the mark. Here the charges are nominal and I am satifie with the loan process here .
      Was this review helpful? 8
      , hyderabad
      Reviewed on Dec 01, 2017
    • Capital First Personal Loan
      "Personal loan with Capital First"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from CAPITAL FRIST and the approved loan amount was 1.75 lakhs. The rate of interest was 11 percentage . The monthly EMI is 6551 rupees with a tenure of 3 years.It was an easy documentation process. I can recommend Capital First.
      Was this review helpful? 3
      , kolkata
      Reviewed on Dec 01, 2017
    • Capital First Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The capital first has offered me a personal loan around a year ago. The customer support is good with the Capital first personal loan service. They have offered me a required loan amount. The rate of interest and the charges are high with Capital first.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 28, 2017
    • Capital First Personal Loan
      "Pre-approved Loan"
      0.5 5.0/5 "Blown Away!"
      The experience with Capital First was pretty good. When in the need of money, they called me up stating the Pre-approved loan. They gave me a loan of Rs.65000 and the process for it was very simple. The Rate of interest given by this Financier was a little high.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Nov 24, 2017
    • Capital First Personal Loan
      "Rate of Interest was high"
      0.5 5.0/5 "Blown Away!"
      I applied for a Personal Loan with Capital First, and had to opt out of it due to tenure disagreement. I wanted a Loan of Rs.1.50 Lakhs and was ready to give back the Loan within a Year. Unfortunately they were ready to give me a 3 Year tenure, which I was not okay with. Their Rate of Interest was also high.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Nov 22, 2017
    • Capital First Personal Loan
      "Rate of Interest was high"
      0.5 5.0/5 "Blown Away!"
      I applied for a Personal Loan with Capital First, and had to opt out of it due to tenure disagreement. I wanted a Loan of Rs.1.50 Lakhs and was ready to give back the Loan within a Year. Unfortunately they were ready to give me a 3 Year tenure, which I was not okay also the rate of interest is high.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 22, 2017
    • Capital First Personal Loan
      "Unhappy with the services. "
      0.5 2.0/5 "Expected more"
      Capital First has not been up to the mark. I had applied for a personal loan and there was a complete zero response. There was no acknowledgement done and no information given about the interest rate and charges. I would not want to recommend them.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 22, 2017
    • Capital First Personal Loan
      "Good coorpation"
      0.5 5.0/5 "Blown Away!"
      When a Personal Loan need raised Capital First quickly came into the frame and provided me with a Loan of Rs.55000. The process for the Loan was pretty short and had no slug aligned to it. The Rate of Interest of 16% is a bit high compared to the Market standard. The overall experience with them was good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 21, 2017
    • Capital First Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The service was average with CAPITAL FIRST for my personal loan the interest they offered 14 % it was little high compare to other banks in the market the documents collected from my door step the payments ecs the customer service was average.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 21, 2017
    • Capital First Personal Loan
      "Rate of Interest was high"
      0.5 4.0/5 "Great!"
      I had a good experience with Capital First Bank for my Personal Loan application. The Loan got approved very quickly and they made things happen smoothly. Only thing that I feel is lagging with this Bank is their higher rate of interest, which could be cut short a little.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 20, 2017
    • Capital First Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      It was been about one month I have taken the personal loan service from CAPITAL FIRST they offered me a interest rate of 13 % which was fine compare to others in the market the documents have been collected dirtectly from my door step they asked for three cheques of my account during the documentation part also the customer service was prompt with CAPITAL FIRST personal loan service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 20, 2017
    • Capital First Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with CAPITAL FIRST. They collected the documents immediately and within a week my personal loan got approved and disbursed my funds after my documents submission. Initially they offered me the loan with 12% as rate of interest but it got changed to 18% when the loan is disbursed and there is no processing fees.
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 18, 2017
    • Capital First Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with CAPITAL FIRST was very good, i have taken loan for Rs 50000 with the rate of interest of 13.00% which is nominal when compared to other sources in the market. Customer service was good and they responded on time, they provided door step service to collect the documents. The process was very smooth and my loan amount was approved within a week.
      Was this review helpful? 0
      , surat
      Reviewed on Nov 18, 2017
    • Capital First Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with CAPITAL FIRST it was been three years I have taken the service the documents part was easy it have collected from my door step and the interest rate they offered me was 19% which was reasonable compare to others it was totally a good experience with CAPITAL FIRST for my personal loan service.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Nov 17, 2017
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