If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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    We found 1 Capital First Used Car Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    12.5% - 14.5% Floating
    2% One time fee
    1.5L - 25L
    1-7 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher free 100% financing on car value
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good To Know
    Eligibility Criteria
    Capital First Used Car Loan is Rated as "Great!" by 368 Users
    Car Loan BYTES FROM OUR KITCHEN

    Capital First Used Car Loan

    Overview of Capital First Used Car Loan

    Capital First is an NBFC (Non-Banking Financial Corporation) that provides a plethora of financial services to corporates/businesses and individual consumers with core focus on MSME and Retail Financing. It offers attractive Corporate Lending and Consumer Lending schemes at affordable rates of interest. The Company offers Personal Loans, Car Loans, Used Car Loans, Two Wheeler Loans, Consumer Durables Loan, Business Loans, Loan Against Property and much more, to self-employed and salaried individuals.


    You’re probably eligible for an Capital First Used Car Loan if you are

    01
    02
    03
    04
    Capital First Used Car Loan Minimum Age

    At least 21 years old

    Capital First Used Car Loan Maximum Age

    Less than 65 years old

    Capital First Used Car Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    Capital First Used Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your Capital First Used Car Loan amount eligibility is based on these factors

    01
    02
    03
    Capital First Used Car Loan Minimum Salary

    Minimum income required
    Rs.20,000 per month

    Capital First Used Car Loan Maximum Loan to Value

    Loan capped @
    70% to 90% of the Ex-Showroom price of Car value

    Capital First Used Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Capital First Used Car Loan amount by these steps

    01
    02
    Capital First Used Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Capital First Used Car Loan Maximum Tenure

    Choose longer tenure loan up to 7 years


    Documentation needed to apply for an Capital First Used Car Loan

    • 1. Residence proof
    • 2. Photo ID and age proof
    • 3. Signed application form with photograph
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account


    Capital First Used Car Loan Interest RatesUpdated on 16 Jan 2018

    Capital First Used Car Loan Details
    Interest Rate (Monthly reducing balance) 12.50% to 14.50%
    Processing Fees 2% of loan amount
    Loan Tenure 1 year to 7 years
    Pre-closure Charges Pre closure allowed only after completion of 6 EMI.Preclosure charges - 4% of the Principal Outstanding
    Guarantor Requirement No guarantor required

    Features and Benefits of Capital First Used Car Loan

    • Under the Used Car Elite Program, customers can avail 100% LTV (Loan-to-Value Ratio).
    • Capital First stipulates very less documentation for processing a loan, thereby making the whole process quick and simple.
    • Borrowers can also enjoy attractive interest rates on their loans.
    • The company also offers easy and flexible repayment options to the borrowers.

    Apply for Capital First Used Car Loan on Bankbazaar.com

    The process to apply for a used car loan from Capital First through BankBazaar.com is very simple and convenient. You can access all information pertaining to this loan through the website and apply online as well, all within the convenience of your home or office. All you have to do is:

    • Visit the BankBazaar website and select the product that you are interested in as “used car loan”.
    • Give basic information such as your used car preference, year of manufacture, city of residence, employer’s name, gross monthly salary, bank in which you have salary account, month and year of joining the current organization, duration of residence e/ residence stability, residence type, age, etc.
    • Then, search for the used car loan options available for the same.
    • A list of used car loan providers that you are eligible for will be automatically generated by the website.
    • Compare and analyze the various used car loan offers available to you then shortlist or apply online for the one that best suits your needs.

    How to Calculate Capital First Used Car Loan EMI on Bankbazaar?

    By using the online EMI calculator tool available on BankBazaar you can easily analyze the total costs that will be incurred by you when you avail a car loan from Capital First. Follow these easy steps to calculate Capital First Used Car Loan EMI:

    • Visit BankBazaar website
    • Click on the menu bar on the right hand corner
    • On the slide down menu click on “Finance Tools”
    • Choose EMI calculator and then the “Used Car Loan EMI calculator”
    • You will be redirected to a page wherein you have to provide some basic information such as - loan amount, loan tenure, rate of interest, processing fee, etc. in order to make the calculation of the amortization schedule of your Capital First Used Car Loan.
    • Click on “Calculate” and the results are auto populated and this reflects information such as monthly loan EMI to be paid, amortization schedule for the tenure consisting of total principal amount to be repaid, interest paid and outstanding balance in each period, etc.

    Eligibility Criteria of Capital First Used Car Loan

    In order to avail a loan from Capital First, an applicant has to fulfill the following prerequisites:

    • The applicant should be at least 21 years old or above, in order to be eligible to avail a loan.
    • He/She should have a total work experience of more than 2 years in general, and if the applicant is working in a major Corporate/Firm, he/she needs to have at least 1 year’s work experience.
    • The income criteria that has to be fulfilled in order to be eligible for any loan from Capital First is based on the individual’s IT Returns, Bank Statement or Form 16.

    Documentation required for Capital First Used Car Loan

    Some basic documentation is necessary to process a loan application. The following documents have to be submitted by the applicant at the time of application:

    • Photo of the applicant
    • ID proof (with photo)
    • Residence proof
    • Bank Statement
    • Proof of Income

    Capital First Used Car Loan Reviews

    • Capital First Car Loan
      "Unhappy"
      0.5 1.0/5 "Really Bad"
      I had applied for 3L to purchase a car with Capital First through online channel. I got approved msg but they cancelled my car loan without any proper reason. The documentation process was lengthy and they took so long. The customer service was good but other facilities are not satisfactory. They offered a interest rate of 18%. The branch response was not prompt.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 16, 2018
    • Capital First Car Loan
      "Car loan with Capital First"
      0.5 3.5/5 "Pretty good"
      I have taken a car loan from CAPITAL FIRST. The approved loan amount was 6 lakhs and 4 thousand. The rate of interest is nominal. The monthly EMI is 15000 for 5 years. it requires only minimal document for the car loan process. Some processing fee was there.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 05, 2018
    • Capital First Car Loan
      "Car loan from Capital first"
      0.5 4.0/5 "Great!"
      I have taken a car loan from Capital first. The approved loan amount was 2 lakhs 25 thousand. The rate of interest is 12 percentage. The monthly EMI is 6400 for a tenure of 2 years. The processing fees was around 4000. The experience was good with capital first.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 03, 2018
    • Capital First Car Loan
      "Car loan from Capital first"
      0.5 3.0/5 "Satisfactory"
      I have taken a car loan from Capital first. The approved loan amount was 2 lakhs 38 thousand. The rate of interest is 13 percentage. The monthly EMI is 8000 for 3 years. The processing fees was around 9000. The experience was good with capital first.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 03, 2018
    • Capital First Car Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      I have taken a car loan from Capital first. The approved loan amount was 3 lakhs 73 thousand. The rate of interest is 14 percentage. The monthly EMI is 10399 for 48 months. The processing fees was around 9000. The experience was good with capital first.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 03, 2018
    • Capital First Car Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I have taken a consumer durable loan from Capital first with the rate if interest of 0 % ,the documents process was been very smooth they collected directly they asked for my payslip,adhar and some more id proofs,I have purchased my mobile phone through Capital first ,it was a excellent service from Capital first consumer durable loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 03, 2018
    • Capital First Car Loan
      "Good institution for car loan"
      0.5 4.0/5 "Great!"
      I have taken a car loan from Capital first. The approved loan amount was 5 lakhs. The rate of interest is 13%. The monthly EMI comes around 11000 for 5 years. They required only minimal documents. The customer service and response is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 03, 2018
    • Capital First Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have a consumer durable loan from Capital first,the documents procedure was simple. The quoted me a very good rate of interest ,it was totally a fast procedure with Capital first consumer durable loan service for my Lg mobile phone,it was a excellent experience with Capital first consumer durable loan department.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 02, 2018
    • Capital First Car Loan
      "Car loan with Capital First"
      0.5 5.0/5 "Blown Away!"
      I have taken a card loan from capital first. They were offering 13%. The customer service and response was good. i am satisfied with the loan experience with capital first. The process was also fine with the finance institute.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 25, 2017
    • Capital First Car Loan
      "OK OK EXPERIENCE"
      0.5 2.0/5 "Expected more"
      It was a good customer service from the capital first i received as i applied for a car loan . The contacted me and Told me that they will be coming to pick up the documents but they did not come I was waiting for the executive but no one showed up . No information was told regarding the loan process .it was a ok ok experience but it could have been more better .
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 29, 2017
    • Capital First Car Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      It was a good customer service i received form the CAPITAL FIRST side . all the required information was delivered to me on proper time . i changed my plan for buying a car so I canceled the application from my end . the bank people Call in a day 4 times that was a good part . it was a good experience over all .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 29, 2017
    • Capital First Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the car loan from Capital First, my loan application was closed because i have postponed my plan to take the car loan. I am planning to take the loan in the month of March. Customer service from Capital first was good and they followed up on time. The rate of interest was not an issue, it was nominal comparatively.
      Was this review helpful? 0
      , surat
      Reviewed on Nov 28, 2017
    • Capital First Car Loan
      "Car loan with Capital First"
      0.5 4.0/5 "Great!"
      Since i have arranged the amount from some other source so i have closed the loan with CAPITAL FIRST. In future i can consider and check for a car loan with them. The customer service and response with them is good and comfortable. I am happy with Capital first.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 25, 2017
    • Capital First Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I had a consumer durable loan from CAPITAL FIRST and I have taken my smart phone through that they asked for the documents of my pan and id proof with a 0 % interest rate and the payments where generally through ecs it was a average service from CAPITAL FIRST for my consumer durable loan.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 20, 2017
    • Capital First Car Loan
      "OK OK EXPERIENCE"
      0.5 3.0/5 "Satisfactory"
      Form the CAPITAL FIRST side they were offering a higher rate of interest as compared to the other banks . The Customer service was good from the CAPITAL FIRST side they delivered all the required information form their side . Everything was fine from the CAPITAL FIRST side only i was not ok with the Rate Of Interest rest every thing was fine .it was a god experience over all .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 18, 2017
    • Capital First Car Loan
      "Fast process"
      0.5 5.0/5 "Blown Away!"
      Capital first has processed my car loan within three days. It was a fast process and the customer services are really good. I have taken a Hyundai Grand I10. I am comfortable with the rate of interest. It was around 14% and the processing charges are also very much normal.
      Was this review helpful? 1
      , new delhi
      Reviewed on Nov 18, 2017
    • Capital First Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I have taken a consumer durable loan with CAPITAL FIRST the products I have taken with CAPITAL FIRST was led tv ,refrigerator at 0 %interest rate I have taken the service directly from the showroom and the payment will be deducted from my account by ecs it was a good experience with CAPITAL FIRST for my consumer durable loan.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Nov 17, 2017
    • Capital First Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with CAPITAL FIRST for my car loan service and the interest rate they offered me was good compare to others and the customer service was good the documents have been collected from my door step and the interest they offered me was good it was a wonderful experience with CAPITAL FIRST for my car loan service.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Nov 17, 2017
    • Capital First Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The Capital first was not ready to approve the car loan for the spark model car and the rate of interest and the charges are average with Capital first. The customer support is very good with Capital first. The service was average with Capital first.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2017
    • Capital First Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have request for a car loan.The loan amount is 4.5 lakhs.Rate of interest is 11.5% very high compared to others.I have closed the application because I have postponded my plan to next year.The website is easy to understand and got immediate response from the bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 16, 2017
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