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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 332 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.25,000 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 16 Aug 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.

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  • Capital First Personal Loan Reviews

    • Capital First Personal Loan
      "Very simple"
      0.5 5.0/5 "Blown Away!"
      It was all streamlined, Very simple process even the documentation part was very simple for personal use I had taken a personal loan . Interest rate offered by CAPITAL FIRST WAS 15% and I dont recall the processing fee, I guess it was approximately rs 500. Also I had an option to upload the documents online.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 14, 2017
    • Capital First Personal Loan
      "High on ROI and charges"
      0.5 4.0/5 "Great!"
      The experience is good at Capital first. I had applied for a personal loan and the team responded on time. I did not go ahead because the rate of interest was very high. It was around 12.5%. I was looking for 11% or 11.5%. The charges was also high.
      Was this review helpful? 0
      , nasik
      Reviewed on Aug 14, 2017
    • Capital First Personal Loan
      "Not Supportive"
      0.5 1.0/5 "Really Bad"
      No one from Capital First has come for document collection. I was waiting to submit my documents and I was ready with all my documents. I was informed that the executive will come and collect it but I did not receive any single call from Capital First. I was totally disappointed that the executive of Capital First have no concern about the customer's loan application and the services are not supportive.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • Capital First Personal Loan
      "Customer service should be improved"
      0.5 1.0/5 "Really Bad"
      I am not sure why my loan application got rejected, they didn't disclose about the status. Finally I requested them to return my documents but they denied to return it. The executive, who assigned for me, he was not aware of product knowledge. It would be great if they are well trained about the process and should also improve on the communication part.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Aug 11, 2017
    • Capital First Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The capital first has charged Rs,5000 to convert the RC papers in to my name, which I was supposed to pay by cash. The car loan process was good from capital fist. They have disbursed my loan within 10 to 12 days. The rate of interest is high when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • Capital First Personal Loan
      "Good one"
      0.5 4.0/5 "Great!"
      CAPITAL FIRST is actually very good, I was able to get the loan with ease because of the proof and everything was really good that is the reason why I was able to get the loan. The interest rate was on the higher side with Capital first it was approved without any documents in the first place . I had just produced my salary slip nothing much processing is too easy.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 10, 2017
    • Capital First Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The capital first took around 1 month to disburse my personal loan. The way they gave response to the customer was average. The required loan amount has been approved and I am satisfied with it. The rate of interest is high when compared with others. I am satisfied with the capital first service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 09, 2017
    • Capital First Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a nice experience with capital first personal loan. It was quick personal loan disbursement from capital first. There was a confusion the document collector otherwise everything went smooth. The required loan amount has been approved and the processing fee is pretty high when compared with other banks. The rate of interest is nominal with capital first.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 09, 2017
    • Capital First Personal Loan
      "Servie is good but charges are more"
      0.5 4.0/5 "Great!"
      Recently I had taken personal loan from Captial first. They had charged me more. I came to know the deductions once after I availed the loan. They did not inform me about the charges, I only reached out and got to know. Verification process delayed from Captial first.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 05, 2017
    • Capital First Personal Loan
      "Should work on the processing charges"
      0.5 3.0/5 "Satisfactory"
      My loan amount was Rs. 4 lakhs from that Capital First have taken Rs.11,000 as a processing fee. Other than that everything is fine, their interest rate is also nominal as per other banks. I am really happy with Capital first except processing fee.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Aug 04, 2017
    • Capital First Personal Loan
      "Need some scope of improvment"
      0.5 3.0/5 "Satisfactory"
      Capital First loan offers are not so flexible, whatever they said verbally, it did not happen on time, then I called to the online channel to get the same offers and also Capital First was taking some fee for the preclosure of loan. But I felt only the processing fee was standard as per the market, other than that the rest was not good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 03, 2017
    • Capital First Personal Loan
      "Lack of response"
      0.5 1.0/5 "Really Bad"
      After I had applied for a personal loan with Capital first. They contacted me and informed me the details. After which it took them two months to inform me that the application was declined and it could not be processed due to banking norms. The rate of interest and charges was on the normal side.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 24, 2017
    • Capital First Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      Last year I took the personal loan with Capital First. The interest rate is around 17%. They done with the process in a fast manner and sanctioned the loan without any delay. The loan process was good and smooth. Their customer service is nice.
      Was this review helpful? 0
      , bhopal
      Reviewed on Jul 12, 2017
    • Capital First Personal Loan
      "Not Satisfied with the services"
      0.5 1.0/5 "Really Bad"
      I did not go ahead with Capital first for the personal loan is because they said they would get back to me, but no one did. It was not a good experience and the interest rate and processing charges was also on the higher side. I would not to recommend them as well.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 07, 2017
    • Capital First Personal Loan
      "Looking for a better service"
      0.5 1.0/5 "Really Bad"
      No one really not replied from Capital First for my personal loan request, initially I got a call but after that no one response to collect the documents. I almost I waited for three days then I processed with other bank. It would be great , if they give second or third follow up call to the customer.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jul 06, 2017
    • Capital First Personal Loan
      "Response part has to be improved"
      0.5 1.0/5 "Really Bad"
      Capital First taken more than 15 days to responded on the personal loan application, if it is less than one week that would be fine but they taken long time to process. That's the reason I don't have idea to go head with Capital First. When they called me I processed with ICICI for the personal loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 06, 2017
    • Capital First Personal Loan
      "High on ROI and charges"
      0.5 4.0/5 "Great!"
      It was a on time process at Capital first for the personal loan. I got the loan in a week and the disbursement was also as required. The rate of interest was on the higher side. It was of 16% and the processing charges was also high. I would recommend them if the rates is lower.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 03, 2017
    • Capital First Personal Loan
      "Need to improve"
      0.5 2.0/5 "Expected more"
      The commitment, which was provided at the initial time was different than the time when they collected the documents. Customer service provided by Capital first limited was good one. I would like to suggest that they need to stick with the words when it comes to the matter of loans.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jul 03, 2017
    • Capital First Personal Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      Earlier I had a two wheeler loan with Capital First, so I approached them again, when I need money. Capital first approved my personal loan for the interest rate around 16%. I have taken the loan amount of Rs. 50,000 for the tenure of two years.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 03, 2017
    • Capital First Personal Loan
      "Application process is very easy"
      0.5 5.0/5 "Blown Away!"
      The application is very friendly to apply any body can apply easily & enjoy benefit of this application much more,the customer care service are very satisfactory ,they response every time with highly positive way ,so that we can say that customer satisfaction focusing through a good source.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 02, 2017
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