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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
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews

    Capital First Personal Loan is Rated as "Pretty good" by 307 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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.32,000 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 25 Jun 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 ST)
    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.
     Capital First Personal Loan Offers

    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.

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  • Capital First Personal Loan Reviews

    • Capital First Personal Loan
      "Response is good. But high on ROI"
      0.5 5.0/5 "Blown Away!"
      Capital first has been good in the response as they contacted me on time for the personal loan. The process was quick, I did not take the loan because it was only a inquiry and my requirement is only after two to three months. The interest rate of high. I was offered a rate of 13% fixed where as my personal bank of offering me a lesser rate on a floating basis.
      Was this review helpful? 1
      , nagpur
      Reviewed on Jun 23, 2017
    • Capital First Personal Loan
      "Not Satisfactory"
      0.5 2.0/5 "Expected more"
      After me applying with Capital first for the personal loan. I got no response from them to inform me about the documentation process or to check on my requirement. So I could not proceed with them, later they cancelled my application. Not a good experience in all.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 22, 2017
    • Capital First Personal Loan
      "High Interest Rate"
      0.5 1.0/5 "Really Bad"
      Capital First approached me well when I applied for the personal loan with them. They promptly contacted me and provided the required information pertaining to the loan. I found that the rate of interest is very much higher with them. It has to be minimal and it should match the market rate too.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 19, 2017
    • Capital First Personal Loan
      "No Response"
      0.5 1.0/5 "Really Bad"
      Actually I applied for the personal loan with Capital First online and I was expecting a proper response from them. But I did not receive any response from them on my loan application. Even there was no message or mails from them, hence I went a head and cancelled my application.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 19, 2017
    • Capital First Personal Loan
      "Interest rate and charges has to be reduced"
      0.5 5.0/5 "Blown Away!"
      Capital First service is good, when I applied for the loan they helped to get the disbursement without any hassle. Only the concern is the interest rate, they offered me around 13.99% it is high hence, I requested them to negotiate but denied to reduce. I took the loan amount of Rs.1.50 lakhs, with that Capital First had taken the processing fee of Rs.3000. They should reduced the interest and processing fee and it should match the market rate.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 19, 2017
    • Capital First Personal Loan
      "Good Response"
      0.5 2.5/5 "Just OK"
      It was good when I applied for the personal loan with Capital first. But they amount they agreed to provide was very less so I just cancelled the plan. Even the rate of interest is slightly higher than the other banks. But they gave good response for my loan application.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 19, 2017
    • Capital First Personal Loan
      "Satifactory Service"
      0.5 5.0/5 "Blown Away!"
      The moment I applied for the personal loan, Capital First took very less time to collect the documents and processed the loan within four to five days. I have requested the amount of Rs. 2.2 lakhs they approved for the same. Capital First had taken the processing fee around 12,000 to 15,000 including the insurance.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 19, 2017
    • Capital First Personal Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I took personal loan with the Capital first limited because it was easy and fast and the interest rate was around 12.5%. The loan amount got credited to my account within three to four days of time. Processing charges were explained clearly, also I was okay with that.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 16, 2017
    • Capital First Personal Loan
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      The reason for not taking the personal loan from Capital first is because of the high interest rate. I am not comfortable with the rate quoted by capital first. But when it comes to response, I had received good response from them. At last I had taken the loan from IDFC bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 14, 2017
    • Capital First Personal Loan
      "Delayed Process"
      0.5 1.0/5 "Really Bad"
      I never ever received timely response or service from Captial First. I had recently applied for the personal loan with them, but since they kept postponing my document collection, I assumed that they are not interested in providing service. Thereby, I cancelled my loan application.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 14, 2017
    • Capital First Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      All things went good with Capital First for my personal loan. They never caused any kind of trouble for my loan process. I was comfortable with their customer service, responsiveness and the rate of interest. Overall service provided by them is really good I have opted for loan amount 2 lakhs and I have taken this loan 1 and half year back.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 11, 2017
    • Capital First Personal Loan
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      I preferred Capital First for the personal loan. They contacted me on the application and provided the information about the loan. Suddenly they contacted me and said that due to salary constrains, they were unable to process my personal loan.
      Was this review helpful? 1
      , vadodara
      Reviewed on Jun 03, 2017
    • Capital First Personal Loan
      "Satisfied"
      0.5 3.0/5 "Satisfactory"
      Rate of interest for the personal loan with the Capital first limited was more than 16% and the processing charges were applicable with the deduction of 15000 Rupees. The loan amount got disbursed to my account within three days of time and the services were a kind of okay with them.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jun 02, 2017
    • Capital First Personal Loan
      "Not Responsive"
      0.5 2.0/5 "Expected more"
      I had applied for the personal loan with Capital First with the help of online source. I had not received proper response on my loan application and later they closed my application. Even they did not inform any reason for rejecting the loan.
      Was this review helpful? 0
      , noida
      Reviewed on Jun 01, 2017
    • Capital First Personal Loan
      "Very Delayed "
      0.5 2.0/5 "Expected more"
      I was awaiting for the response from Capital First on my personal loan application, my loan has been approved and got disbursed by ICICI bank. Capital first delayed in response. They contacted me after 15 days when I submitted the loan application.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jun 01, 2017
    • Capital First Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      One year ago I had taken the personal loan with Capital First. The process was simple and I did not face any challenges with them during the process. Even I do not have any issues with their rate of interest. I am happy with the loan process of Capital First.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 01, 2017
    • Capital First Personal Loan
      "Average services & high ROI "
      0.5 3.0/5 "Satisfactory"
      I was not keen in processing my personal loan with Capital first as they delayed by a week in contacting me. They were also very high on the rate of interest and processing charges. The overall experience was not up to the mark and I would not want to recommend them as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 31, 2017
    • Capital First Personal Loan
      "Response part has to be improved"
      0.5 1.0/5 "Really Bad"
      I am not happy with Capital first service, when I applied for the personal loan. I was waited more than two to three days but nobody called or came to pick my documents. Hence I approached other banks and my loan from AXIS bank. Communication part of Capital First has to be improved.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 31, 2017
    • Capital First Personal Loan
      "Delayed response"
      0.5 1.0/5 "Really Bad"
      I did not proceed with Capital first for the personal loan because they delayed in contacting me. In the meantime I went ahead with another bank for the loan. They had a reasonable deal on the interest rate and processing charges but they could have responded sooner.
      Was this review helpful? 0
      , chennai
      Reviewed on May 31, 2017
    • Capital First Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      At initial time, I got the confirmation from the Capital first limited regarding my loan amount got approved for 2.5 lakh Rupees and after that I have increased the principal amount but I did not got the response from them. Finally, I came to know about that my personal loan application got closed. I would like to suggest that they should provide the feedback to the customer.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 30, 2017
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