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.2,500 Amazon Voucher 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 394 Users

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    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
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    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
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    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 20 Oct 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

    How to apply for the BankBazaar Super Duper Deal Offer on Capital First car loan?

    • Visit the BankBazaar website (www.bankbazaar.com) or the BankBazaar Mobile App to apply for a car loan from Capital First.
    • In the Capital First car loan section of the website, click on the 'Get Quote' button. You will get a car loan quote under 30 minutes (BankBazaar has a quick response time).
    • If your car loan application is approved, then upon disbursal of the loan amount, an Amazon gift card worth Rs.2,500 will be sent to your email ID (the email ID provided by you at the time of car loan application).
    • Log in to the Amazon website or the Amazon mobile app to redeem the gift card. Enter the gift card code and click on the ‘add to your account' button. The balance will be added to your Amazon account at once.

    Terms and Conditions of BankBazaar Super Duper Deal Offer

    • BankBazaar Super Duper Deal Offer on car loans is effective from 1st October 2018 to 31st October 2018 2018. Get an Amazon gift card worth Rs.2,500 on the disbursal of your car loan on or before 31st October 2018.
    • This offer is valid for one order per car loan for a customer during the Super Duper Deal program period.
    • The Amazon gift card will be sent to you within 45 working days of disbursal of the car loan. If you haven't received the gift card within the specified time, you can write to BankBazaar at support@bankbazaar.com or call +914466511800.
    • Redemption of the gift card is as per Amazon’s terms and conditions.
    • Applicants must be 18 years or above at the time of submitting their car loan application forms. He or she must meet the car loan eligibility criteria set by Capital First. The approval or rejection of a car loan application is solely up to the lender.

    Capital First Used Car Loan Reviews

    • Capital First Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      My experience was good with Capital First for car loan, the process was smooth and i received my loan in 1 week. The loan amount was for Rs 3 lacs with high interest rate when compared to others. Customer service was good and their response was on time. The tenure period for this loan is 1.5 years.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Sep 12, 2018
    • Capital First Car Loan
      "Needs to improve"
      0.5 1.0/5 "Really Bad"
      My experience was not good with Capital First for car loan, verification process was too long and they verified documents 5-6 times. The loan amount was disbursed after 20-22 days. It was a used car loan with high interest rate and i am not happy with the customer support.
      Was this review helpful? 4
      , pune
      Reviewed on Sep 08, 2018
    • Capital First Car Loan
      "Good in all"
      0.5 4.5/5 "Excellent!"
      I have taken a car loan with Capital first. The customer services are good and they are responsive as well. The rate of interest is around 11% and the processing fees is taken too. I have purchased a Honda City. Overall it has been a good experience.
      Was this review helpful? 4
      , new delhi
      Reviewed on Sep 07, 2018
    • Capital First Car Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      Capital first is pretty good for the car loan experience. The customer services and response is good. They have done a good job for me. The rate of interest and processing charges are normal and they had a better deal. I am more than happy with them.
      Was this review helpful? 3
      , chennai
      Reviewed on Sep 07, 2018
    • Capital First Car Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My car loan is with CAPITAL FIRST which was taken 10 years back. The loan amount was 6 lakhs and the interest rate was satisfactory . The tenure period was 3 years . There is no inconvenience faced and they have provide door step service for collecting documents,. It took just 3 days to approve the loan.
      Was this review helpful? 2
      , chennai
      Reviewed on Aug 23, 2018
    • Capital First Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken car loan from CAPITAL FIRST and my loan experience was good. My loan amount is 510000 and interest rate is 13.5% and it is satisfactory.There is no hidden charges. I used to pay EMI per month and tenure period is 3years. I am satisfied with customer service. Processing fee is 14300 and it is nominal in the market. There is an option for preclosere and it is 5% on loan amount .
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 14, 2018
    • Capital First Car Loan
      "Not satisfactied with services "
      0.5 1.0/5 "Really Bad"
      I have taken car loan with CAPITAL FIRST BANK . I have not receive my full disbursement amount , i went to enquire about what is exact procedure but i did not get proper response, till date i did not get my complete amount . Initially they said me they will deduct processing fee which is 10000rs from my sanction amount . I am disappointed with the customer service they did not gave me full information even banking services are not up to the mark , they make me to run a lot . The rate of interest is nominal in the market . I have to pay 15000 of EMI and tenure period is 7yr . There is no hidden charges .
      Was this review helpful? 1
      , pune
      Reviewed on Aug 14, 2018
    • Capital First Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My car loan application was approved with Capital First and the experience was good, documents were collected on time and the loan was disbursed within 10 days. The rate of interest was nominal when compared to other sources. I am happy with the customer service and the tenure for this loan is 4 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 25, 2018
    • Capital First Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I am very happy about the service of Capital First. The application and the documentation process was really smooth and I got the loan with in 4 days which was so fast! The interest rate was also low with them, I"m really impressed with their super fast service.
      Was this review helpful? 0
      , jalandhar
      Reviewed on May 06, 2018
    • Capital First Car Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      It was a good process and no hassles with Capital First. I received the car loan on time and the documentation was also collected on time. I have taken a used car loan for HYUNDAI GRAND I10 ERA. The rate of interest is around 12.5% and the processing fee is also there.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 08, 2018
    • Capital First Car Loan
      "Good institution for car loan"
      0.5 3.0/5 "Satisfactory"
      I have taken a car loan from CAPITAL FIRST and the approved loan amount is 1.9 lakhs. The monthly EMI comes around 5053 with a rate of interest of 11%. The total tenure was for 4 years. There was some processing fee of 3200.The customer service and response is fine.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Mar 08, 2018
    • Capital First Car Loan
      "Good Experience for car loan"
      0.5 4.0/5 "Great!"
      I have taken a car loan from CAPITAL FIRST and the approved loan amount is 3.15 lakhs. The rate of interest of interest is 13%. The monthly EMI comes around 7200. The total tenure was for 60 months. There was some processing fee around 5600. The customer service and response is fine.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 07, 2018
    • Capital First Car Loan
      "High on charges"
      0.5 5.0/5 "Blown Away!"
      Capital first has been good in the process for the car loan. I have purchased a Maruti Suzuki Swift. It is a used car loan. If I have to do the name transfer at my RTO I would have spent 2500. But this institution is taking 6500 for the name transfer. The rate of interest is around 13.5% and I am not sure about the processing charges. But the other charges are high.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 26, 2018
    • Capital First Car Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a Hyundai Grand I10 Era. The process to get the car loan from Capital first is good and there were no hassles in the process. I got the loan in one week. The documentation was also smooth and easy. The rate of interest is of 13.5% which is on the higher side and the processing fee is of 4K.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Feb 26, 2018
    • Capital First Car Loan
      "Good. Must work on the charges"
      0.5 4.0/5 "Great!"
      I have purchased a Hyundai Xcent car and the process to get the car loan was quite good with Capital first. Though the process took two weeks, the customer services and response is good. The documentation is on time too. The rate of interest is of 14% and the processing charges was also on the higher side. The document shows a loan amount of 3.80 Lakh and I received 3.70 Lakh. The difference of 10K was for the charges.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 26, 2018
    • Capital First Car Loan
      "Good service and high on charges"
      0.5 3.0/5 "Satisfactory"
      I got the car loan from Capital first and the process was on time. There was no delay and the documentation is also taken on time from my end. The rate of interest is a bit high, it is of 14% and the processing charges is around 4 to 5K. The RC transfer was of 6K and the valuation charges is of Rs.900.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 26, 2018
    • Capital First Car Loan
      "Fast process"
      0.5 5.0/5 "Blown Away!"
      I have taken a used car loan loan from Capital first. The process was excellent and institution understood my need and processed my loan in one day. The rate of interest and charges is normal. It was the same as other banks. The after loan services is good too.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 19, 2018
    • Capital First Car Loan
      "Need to Improve"
      0.5 2.0/5 "Expected more"
      I have approached CAPITAL FIRST for my loan process. I was looking for about 2 lakhs but I have postponed the plan so I have cancelled the request and the Interest rate was 14.5% which is very high than other banks in the market. My experience was not satisfactory .
      Was this review helpful? 0
      , pune
      Reviewed on Feb 15, 2018
    • Capital First Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I was looking for a second hand car , but the car owner was not ready to sell the car , so that was the reason I haven't got the car loan from the Capital first. The customer support was good with the Capital first and they gave me prompt response in regards to my car loan application.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 07, 2018
    • Capital First Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have got the car loan amount from the other source , so that was the reason I haven't got the car loan from the capital first. The service which was given by the capital first was good and they gave me good response in regards to my car loan application but the capital was not ready to offer me the required loan amount.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 07, 2018
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