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  • Capital First Personal Loan

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  • (IDFC Bank and Capital First have merged, effective 18 December 2019. The merged financial institution is called IDFC FIRST Bank.)

    Capital First also offers personal loans at attractive terms and conditions. With interest rates starting from just 12%, Capital First offers loans up to Rs.15 lakh to customers across the country. The repayment tenure of the loan is flexible, ranging from 1 year to 5 years, and the processing fee applicable to the loan is just up to 1.5% of the amount you borrow. The loan also requires no guarantor, thereby making it easier for you to borrow with ease. 
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    Bankbazaar Capital First Personal Loan
    We found 0 Capital First Personal Loan
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    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

    Looking for these details?

    Features

    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

    15% to 20% for salaried applicants and 22% for self-employed applicants, on a monthly reducing balance model.

    Processing fee

    2% processing fee + tax

    Loan tenure

    1 year to 5 years.

    Pre-closure charges

    5% on POS (Principal Outstanding) after clearing 6 EMIs.

    Do you fit the eligibility criteria?

    Most of the eligibility 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.

    • 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.

    How can I improve my eligibility?

    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.

    What is the documentation you’ll need?

    • PAN Card
    • Identity proof – Voter ID, Driving License, Passport, etc.
    • Address proof – Voter ID, Driving License, Passport, Telephone Bill, Electricity Bill, Registered Lease Deed or agreement, Sale agreement, Bank statement, etc.
    • Passport-sized photograph
    • Any valid Photo ID - card or otherwise - issued by the state or central government.
    • Salary slips or bank statements of credited salary
    • Form 16 issued by your employer
    • Income documents of your salaried spouse – in case you wish you club your income.

    Why apply for a Capital First personal loan through BankBazaar?

    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.
    • It is free.

    How to calculate your EMIs through BankBazaar

    Bankbazaar 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.

    FAQ's

    • 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.

        

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Capital First Personal Loan Reviews

    • Capital First Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am holding a personal loan of 3.5L from Capital First. My experience is good and there was no issues with the customer care. I have paid 7 to 8 EMI's so far and its for the 5years. They have provided me a longer tenure with the maximum loan amount hence proceeded with them.
      Was this review helpful? 0
      , kota
      Reviewed on Oct 10, 2019
    • Capital First
      Capital First Personal Loan
      "100% good loan "
      0.5 5.0/5 "Blown Away!"
      I got the personal loan from Capital First. They have not asked for any recommendation or surety and they have given me a loan on time and their service is very good. 3 years back i bought this loan with the tenure period of 36 months. They charged me a interest rate of 12% and the loan amount is Rs. 1 lakh.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 01, 2019
    • Capital First Personal Loan
      "Quick Loan Experience"
      0.5 5.0/5 "Blown Away!"
      From Capital First I availed the personal loan of Rs. 1 lakh for the loan period of 36 months. They offered me 18% of interest for per annum its fine for me. The process was very easy, the field executive came my place and verified it. The guy picked up the paper in the morning at the end of the day I got the loan amount.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Sep 26, 2019
    • Capital First Personal Loan
      "Rate of interest should be reduced"
      0.5 3.0/5 "Satisfactory"
      I have availed the loan amount of Rs.1.43 lakhs for the duration of 36 months, the rate of interest is huge around 21% per annum. They need to reduce the interest as per the market, the service is okay every month 2nd they deduct the emi from my account.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Sep 22, 2019
    • Capital First Personal Loan
      "Average Loan services"
      0.5 3.0/5 "Satisfactory"
      I have taken my personal loan from Capital First its due to the emergency i have chosen them. I'm not at all satisfied with the customer care because it won't connect for the documentation part, we have to go their places. In the coming March, the loan is going to close.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jul 31, 2019
    • Capital First Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      Capital first interest rate is reasonable around 10.99 per annum for the personal loan, I took the loan amount of Rs. 3.85 lakhs for the duration of four years. The loan process was very nice, the executive came and collected the papers within 10 days of time the amount was disbursed.
      Was this review helpful? 3
      , coimbatore
      Reviewed on Jul 23, 2019
    • Capital First Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken my two wheeler loan with TATA CAPITAL , they offered sufficient loan amount and it is fine . The tenure period is fine and rate of interest it is nominal in the market . I receive my loan within few days the process was very prompt with this bank . The services are not so good .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 23, 2019
    • Capital First Personal Loan
      "Good bank for rate of interest"
      0.5 4.0/5 "Great!"
      I have taken a personal loan in CAPITAL FIRST for more than 1 year which was processed through an other channel. As per my requirement the loan amount was low which was given from bank for the tenure of 5 years. The rate of interest is low of 10.9% when compare to other.
      Was this review helpful? 1
      , chennai
      Reviewed on Jul 13, 2019
    • Capital First Personal Loan
      "BEST"
      0.5 5.0/5 "Blown Away!"
      I have been using the personal loan from last 2013, the loan amount given was good and the rate of interest was 15.50%, the duration for repaying the loan was 3 years. The documentation process was good also there was processing fee applicable.
      Was this review helpful? 0
      , thane
      Reviewed on Jul 13, 2019
    • Capital First Personal Loan
      "Bad service"
      0.5 1.0/5 "Really Bad"
      I have a personal loan with Capital First. Tenure is 3 years. Their rate of interest is very high. When I contact customer service for any query I don't get proper response. They don't give clear information to their customers. I am not happy with their service.
      Was this review helpful? 3
      , surat
      Reviewed on Jul 12, 2019
    • Capital First Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have applied the personal loan with CAPITAL FIRST where the loan amount provided was good and satisfactory added on that at the between of the loan the institute has been taken over by another bank, i have received the sms and mail regarding the bank change.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 12, 2019
    • Capital First Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan in CAPITAL FIRST bank for more than 2 years before which was processed directly to bank. The amount was sufficient for 3 lakhs for the duration of 3 years. The rate of interest and processing fee are nominal. The process was smooth and good from banker. On time loan got sanctioned.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 11, 2019
    • Capital First Personal Loan
      "Test Review"
      0.5 4.5/5 "Excellent!"
      DLRJOFGBLLTTUOMTAIMVHCOEEMUJVHMVWLXECNEMIPLFFXVUQQKPZVVZGLYIDRAZKHIWYSEQWDLCOWUVPZKSVQGKTYUQKLGMCZLUCDVFJQXIATIGOFDHFGMEWFAJABVNJJKJYUSKYAFQHCBUFYJWNGVTAJDBBMMQSTXMQQWDPTSMRZUWTJWOMWZPCTRBFLJYQFKNJKPCTZXKESVMEC
      Was this review helpful? 1
      , chennai
      Reviewed on Jul 04, 2019
    • Capital First Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had taken a Personal loan from CAPITAL FIRST a long time back where the experience had been really good. They had given me an the interest rate has also been quite high when compared with the market rate. The loan amount which they offered is fine .
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Jun 30, 2019
    • Capital First Personal Loan
      "Good loan services"
      0.5 4.0/5 "Great!"
      My new Samsung A20 mobile by using the Capital first consumer durable loan. I bought the mobile worth Rs. 17000 for that i made the down payment of Rs. 4000. I already had existing limit of Rs. 18000. I have submitted the proof of Aadhar card. I selected the tenure period of 6 months.
      Was this review helpful? 2
      , chennai
      Reviewed on Jun 29, 2019
    • Capital First Personal Loan
      "Good card"
      0.5 5.0/5 "Blown Away!"
      I have been holding personal loan with Capital first from long time, the loan amount which they have given to me was sufficient they have given me as per my requirement, the EMI amount i use to pay up to 2275 which was sufficient, now i have successfully closed this loan.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jun 29, 2019
    • Capital First Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have been holding my personal loan with Capital first from long time, their service is not up to the mark, they use to charged me hidden charges without my knowledge, they charged too high rate of interest while applying they said they will be charged me up to 18.5-19% but they charged me up to 36% which was very high, the loan amount they have just given me up to 52,400 in that too they have deducted they gave me up to 48,200, they said after 6 months i can close this loan, i went to close it, i save up to 18,000 they charged me 14,000 and 4,000 as principal amount, i am not happy with the service.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jun 29, 2019
    • Capital First Personal Loan
      "Good and easy processing"
      0.5 4.0/5 "Great!"
      Bought my personal loan from capital First because of the less documentation and faster approval. I have done a pre-closure the loan but there was no additional charges for that. They have provided me a interest rate of 22%. They did not count for the remaining month interest rate even though i pre-close the loan.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jun 28, 2019
    • Capital First Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      Earlier I had personal loan with Capital First, the interest was higher around 14 to 18%, the principal amount was good. I took Rs. 80,000 for the duration of two years. I paid all the emi and I got the NOC letter from their end. On time the support team send the reminder and alerts.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jun 28, 2019
    • Capital First Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had applied for my personal loan from CAPITAL FIRST since it is easy and convenient in getting the loan from them. The process in getting my loan from them was pretty much easy and the loan amount which they had provided also was sufficient. The interest rate and charges where a little on the higher side but it was okay. Their customer support team was very much helpful.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 27, 2019
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