Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    Capital First Personal Loan

    Capital First Limited is one of the leading financial institutions in India and specialises in debt financing to Micro, Small and Medium Enterprises (MSMEs). The bank offers personal loans at competitive interest rates and flexible tenures.

    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
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    Capital First Personal Loan is Rated as "Great!" by 537 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.

    Capital First Personal Loan Interest RatesUpdated on 20 Jan 2019

    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.

    Why choose a Capital First personal loan?

    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.

    Do you fit the eligibility criteria?

    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.

    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?

    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.

    Why apply for a Capital First personal loan through BankBazaar?

    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.

    How to apply for a personal loan from Credit First through BankBazaar.com

    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.

    How to calculate your EMIs through BankBazaar

    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.

    Capital First Personal Loan FAQs

    • 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 Customer Care

    Have a doubt about how to pay your first installment for your Capital First personal loan? Call the leading financial company's customer care number for support. The lender has a prompt and knowledgeable customer care support team that is dedicated to clearing all your doubts about personal loans. The lender also has a customer care portal that allows you to check your loan status, update KYC information, make EMI payments, etc. The customer helpline number is available from 9am to 7pm. You can also send an email to the lender's official email address to express your problem.

    Capital First Personal Loan Reviews

    • Capital First Personal Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      In Capital First the personal loan documentation process was easy, but I got loan amount very delay . The process should be faster, Capital First gave me 15% of interest for the amount of Rs. 5 lakhs, I took the loan amount for the tenure of 5 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2019
    • Capital First Personal Loan
      "Better Loan"
      0.5 3.0/5 "Satisfactory"
      I bought the personal loan from Capital First. I got the loan amount of Rs. 7 lakhs. I have received the interest rate of 14% which is quite high. Total tenure period of the loan is 48 months. I have been paying the EMI of Rs. 17151. 5 months before, i purchased the loan. I got the loan on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2019
    • Capital First Personal Loan
      "Very Good in customer care"
      0.5 5.0/5 "Blown Away!"
      My business loan was taken from Capital First. 5 months back, i have purchased the loan and i have pre-closed the loan after 3 months. There is no pre-closure charges. I have bought the loan amount of Rs. 2 lakhs. I have got the interest rate of 11%
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2019
    • Capital First Personal Loan
      "Good product and they are aggressive"
      0.5 5.0/5 "Blown Away!"
      I had a personal loan with Capital First. I have availed in the month of January 2018. The interest rates were huge and the processing fee was nominal. They given me a interest rate 24% and I'm not happy about this. After availed the loan only i came to know about the interest rate since i have availed in online.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 09, 2019
    • Capital First Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I am not satisfied with personal loan experience from Capital first, loan amount was sufficient and the rate of interest was high when compared to others. Customer service was good and they responded on time. Tenure period for this loan is for 4 years.
      Was this review helpful? 6
      , jaipur
      Reviewed on Jan 03, 2019
    • Capital First Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have been using my personal loan with Capital first, there service is good, they have given me sufficient loan amount , i am satisfied with my loan amount ,but there rate of interest they have charged me was bit high i felt and even there processing fee was also bit high, but they have not charged any hidden charges, there overall service is good.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Dec 24, 2018
    • Capital First Personal Loan
      "ROI and charges can be reduced"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Capital first. The rate of interest and processing charges is high when compared to the other banks and they need to work on that. The documentation is smooth. There are no hassles after the loan was processed too. Good overall.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 22, 2018
    • Capital First Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken my personal loan with capital first, there rate of interest is too high,like for 1,00,000 loan they are charging half of loan amount itself , they will be charging up to 50,000 for three years, it quite expensive, and they have charged me processing fee , like i had applied for 1,10,000 as loan they have just given me up to 92,000 rest they said they have charged me for processing fee and insurance,now more 4 months is there to close this personal loan.
      Was this review helpful? 7
      , bangalore
      Reviewed on Dec 20, 2018
    • Capital First Personal Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      I was looking for a personal loan then i found and applied with Capital First. I got the loan amount of Rs. 2 lakhs and i bpight this loan 4 months before. I used to pay the EMI of Rs. 11000. I have chosen the tenure period of 2 years. The service is fine in Capital first.
      Was this review helpful? 4
      , chennai
      Reviewed on Dec 19, 2018
    • Capital First Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My experience with personal loan from Capital first was good, the loan amount was for Rs 1 lac with tenure period of 34 months. The process took 1 week to complete and the rate of interest was nominal. There are no preclosure charges for this loan.
      Was this review helpful? 3
      , chennai
      Reviewed on Dec 19, 2018
    • Capital First Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I have not seen the interest of the Tata Capital, I have taken the loan for business purpose. The documentation process is good, within two days of time, they have disbursed the amount. The customer service is good in capital first, I am happy with them.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 18, 2018
    • Capital First Personal Loan
      "Need to be less in ROI"
      0.5 2.0/5 "Expected more"
      My first loan with Capital first was also not a good experience. I had taken a loan of 65K and I repaid an extra amount of 50K. The rate of interest and charges are very high and they need to work on the same when compared to the other banks. Overall not recommendable.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 18, 2018
    • Capital First Personal Loan
      "High on ROI"
      0.5 2.0/5 "Expected more"
      I have my personal loan with Capital first. The process was okay. But the rate of interest is too much high. I was offered a interest rate of 38% which is extremely high and the processing charges are high too. It is of 5K. I have taken a loan of one lakh and I paid back 1.70 lakh.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 18, 2018
    • Capital First Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using my personal loan with Capital first, the loan amount they have charged me was sufficient, they have given me up to 15,00,000, i happy with my loan amount, and the rate of interest they have charged me was nominal and the processing fee they have charged me which was nominal, overall service is good.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 17, 2018
    • Capital First Personal Loan
      "Very bad service"
      0.5 2.5/5 "Just OK"
      I have been using my personal loan with Capital first , there service is not up to the mark, there executive have came to take my document they have directly asking for bribe, that was very ridiculously , and even there customer service is not good, i ask that executive to give land line number or team leader number ,he did not provided that, and i call to there customer care, they said it is under process and they said i need to pay 750 rupees as the extra charges without getting any idea, they said they are taken for registration purpose, there service is worst i have experience , i will not blame capital first bank for this, might be that branch is not good.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 16, 2018
    • Capital First Personal Loan
      "Higher Interest Rates"
      0.5 3.0/5 "Satisfactory"
      I was looking for a loan and with the help of On-line sources i applied for it. My application was taken care and there was no delay. But the interest rates which i have on my loan amount is bit high i feel. Its somewhere around 17% and thats really high. If the interest rates comes down a bit it would be of great help.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 15, 2018
    • Capital First Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The experience with this loan has been not that great. The interest rate with them has been very high when compared with the market rate, and there has been some additional charges which they had made. There has also been processing fee and insurance charges made as well.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Dec 13, 2018
    • Capital First Personal Loan
      "Good loan experience"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with Capital first 1.5 years back. I have chosen the loan amount of Rs. 2.40 approximately. They have provided the interest rate of 17.5% which is fine for me. I have selected the EMI period of 36 months. I have paid the premium amount of Rs. 10395. I have received the loan on time.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Dec 03, 2018
    • Capital First Personal Loan
      "Good personal loan experience"
      0.5 4.5/5 "Excellent!"
      Purchased my personal loan with Capital First which is taken 1 year before. I have got the loan amount of Rs. 1.50 lakhs. They have offered me a interest rate of 18% which is little bit high compared to other banks. They have charged me Rs. 1200 as a processing fee. I have chosen the tenure period of 3 years. I pay the premium amount of Rs. 6658.
      Was this review helpful? 4
      , bangalore
      Reviewed on Dec 02, 2018
    • Capital First Personal Loan
      "Interest rate should be reduced"
      0.5 1.0/5 "Really Bad"
      Capital First gave me the personal loan interest around 12% its very higher than other banks, they have disbursed the amount now I am don't have interest to continue, because of interest. I am going to clear the loan may be charges should be applicable.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 01, 2018
    Common Loader Icon

    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.

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.