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  • Capital Small Finance Bank Personal Loan

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  • Capital Small Finance Bank offers personal loans at competitive rates of interest. You can avail a loan of up to Rs.5 lakh (on the basis of your eligibility) to meet your personal expenses.

    • Rate of Interest – 15.85% p.a.
    • Loan Amount – Between Rs.1 lakh and Rs.5 lakh
    • Processing Fee – 1% of the loan amount, subject to a minimum of Rs.500
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    We found 0 Capital Local Area Bank Personal Loan
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    Features and Benefits

    • The lender charges a very competitive interest rate of 15.85% on the borrowed sum. Further, you will only be charged a 0.50% processing fee.
    • Individuals who wish to avail this loan can assess their financial needs and opt for a loan amount ranging between Rs.1 lakh and Rs.5 lakh.
    • You will get 100% financing when you borrow a personal loan from Capital Small Finance Bank.

    Loan Details

    Interest Rate Loan Amount Processing Fee
    15.85% p.a. Up to Rs.5 lakh 1%, subject to a minimum of Rs.500

    If you are a prospective borrower, you should check the interest that is charged on a personal loan and compare it with interest rates charged by other lenders for their respective personal loans. This will help you borrow a personal loan with a reasonable interest rate.

    Documents Required

    Along with the loan application form, you will need to submit the following documents when applying for a personal loan:

    • Identity Proof
    • Address Proof
    • Income Proof
    • Any other documents required by the lender

    Who Can Avail a Personal Loan from Capital Small Finance Bank?

    Capital Small Finance Bank offers personal loans to the following individuals, based on their employment status:

    • Professionals
    • Self-employed individuals
    • Business owners

    How the EMI calculation for Capital Small Finance personal loan work?

    To explain how the Capital Small Finance Bank Personal Loan will work, let’s consider a scenario, in which Mr. Shetty borrows a sum of Rs.1 lakh for a loan tenure of 6 months from Capital Small Finance Bank. He is charged an interest rate of 15.85%. A processing fee of 0.5% is levied by the lender.

    As per the figures mentioned above, Mr. Shetty will need to pay an EMI of Rs.17,446. He will be paying a total interest of Rs.4,673 and a processing fee of Rs.500. The total repayment amount, which includes the principal borrowed, the interest charged, and the processing fee, for a 6-month loan tenure will be Rs.1,05,173, in his case. His repayment schedule will be as follows:

    Month Principal Paid(A) Interest Paid(B) Total Payment(A+B) Outstanding Loan Balance
    1st Month Rs.16,125 Rs.1,321 Rs.17,446 Rs.83,875
    2nd Month Rs.16,338 Rs.1,108 Rs.17,446 Rs.67,538
    3rd Month Rs.16,554 Rs.892 Rs.17,446 Rs.50,984
    4th Month Rs.16,772 Rs.673 Rs.17,445 Rs.34,212
    5th Month Rs.16,994 Rs.452 Rs.17,446 Rs.17,218
    6th Month Rs.17,218 Rs.227 Rs.17,445 Rs.0

    Compare Capital Small Finance Bank personal loan with loans from other lenders

    Particulars Capital Small Finance Bank Personal Loan New India Co-Operative Bank Personal Loan ICICI Bank Personal Loan Axis Bank Personal Loan
    Interest Rate 15.85% p.a. 11% p.a. onwards 11.25% p.a. onwards 16% p.a. to 24% p.a.
    Processing Fee 0.5% As per the lender’s terms and conditions Up to 2.25% of the loan amount plus GST As per the lender’s terms and conditions
    Pre-Closure/Foreclosure Fee As per the lender’s terms and conditions Nil 5% of the outstanding principal plus taxes Nil

    To find a personal loan that is best suited to your needs, you should compare the features of personal loans offered by various lenders, calculate the payable EMI, and familiarise yourself with the terms and conditions of the loan. If Capital Small Finance Bank’s personal loan meets your financial needs and repayment capacity, you can reach out to the lender to apply for the loan.

    FAQ’s

    Does the lender impose any restrictions on how the disbursed loan amount can be used?

    No, there are no restrictions on how the loan amount can be used.

    How do I apply for a personal loan from Capital Small Finance Bank?

    To apply for the loan from Capital Small Finance Bank you can fill up and submit the online form, which is available on the lender’s website. Once you do this, a representative from Capital Small Finance Bank will contact you to take the process forward.

    What is the minimum loan amount that I can borrow?

    The minimum loan amount that can be borrowed is Rs.1 lakh.

    Does the lender require any security?

    Yes, you will need to submit post-dated cheques as security. You will also need a guarantee provided by a third-party of adequate financial means.

    I have certain queries regarding the Capital Small Finance Bank’s personal loan. How can I contact the lender?

    You can contact the lender through the helpline number (+91-1181-5051111/5052222) or via email (customerrelations@capitalbank.co.in)

        

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    Capital Local Area Bank Personal Loan Reviews

    • review Personal Loan
      "Rate of Interest need to reduce"
      0.5 4.0/5 "Great!"
      Within 1 week of time , Capital finance sanctioned my loan amount . Customer executive team has performed Very well in advance for getting my work completed . Of-course , I got my expected amount . The interest rate is around 13.5 % with 36 months EMI .
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 21, 2019
    • review
      review Personal Loan
      "Process is much easier"
      0.5 5.0/5 "Blown Away!"
      They must provided the interest rate 15% for my personal loan. Its easy to get a loan from CAPITAL finance. Within 20 days i have received my loan. They have charged me a processing fee of 2%. I have got a loan amount of Rs. 2.04 lakhs and i have chosen the tenure period for 4 years. I don't find any difficulties with them.
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 16, 2018
    • review Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I have taken this loan almost 3-4 years back, but the rate of interest they have been charging had been a little high. The process had been a little time consuming. I have taken this loan amount for the purchase of a car. It would have been great if it had taken less time during the process and the loan amount had been sufficient.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 21, 2018
    • review Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I have taken this loan almost 3-4 years, the loan amount which they had been provided had been satisfactory. They had been provided with an average service, where they need to be improved in lot parameters. I have taken this loan for the purchase of a mobile.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 21, 2018
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