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    We found 1 Capital First Used Car Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    13.50% - 14.50% 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 403 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
    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
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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 11 Dec 2018

    Capital First Used Car Loan Details
    Interest Rate (Monthly reducing balance) 13.50% 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
      "Better"
      0.5 2.0/5 "Expected more"
      The response is good but resolutions are not satisfied. Till now there are some issues going on which they didn't resolve. The rate of interest and the processing charges are good in Capital First when compared to other banks. They took almost 1.5 months to complete the process. The documentation procedure carried out at doorstep.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Nov 22, 2018
    • Capital First Car Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      The customer service and the response was good. I have taken a car loan with Capital First through online channel, it was a good experience. They gave me best interest rate of 11.5% which is less compared to other banks. The documents are submitted to the executive.I took Rs. 3.5L for 3 years
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 22, 2018
    • Capital First Car Loan
      "Average"
      0.5 2.0/5 "Expected more"
      The post approval the bank delivered the amount to the dealer and not to the customer. Initially they rushed up for the pre approval and it was faster. The documents procedure was moderate. The rate of interest and charges are good. I have taken a car loan with Capital First through online.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 21, 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, the process took 10 days to complete. The loan amount was for Rs 4 lacs with nominal interest rate when compared to others. Customer service was good and they collected documents on time.
      Was this review helpful? 1
      , chennai
      Reviewed on Oct 31, 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, i received my loan amount within 10 days. The rate of interest was high when compared to others. Customer service was good with Capital first and the loan amount was for Rs 4.30 lacs with 6 years tenure period.
      Was this review helpful? 1
      , mumbai
      Reviewed on Oct 31, 2018
    • Capital First Car Loan
      "Needs to improve"
      0.5 4.0/5 "Great!"
      My car loan experience was not up to the mark, the process took 2 months to complete. Customer support was not up to the mark with Capital First. The loan amount was for Rs 1.5 lacs with nominal interest rate. I have asked for the tenure period of 4 years but they gave only for 2 yesrs.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 31, 2018
    • Capital First Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My car loan was approved with Capital First and the experience was good, i received my loan amount within 1 week. The loan amount was for Rs 1.1 lac with little high interest rate when compared to others. The tenure period for this car loan is 3 years.
      Was this review helpful? 1
      , new delhi
      Reviewed on Oct 30, 2018
    • Capital First Car Loan
      "Should have to inform about the charges"
      0.5 1.0/5 "Really Bad"
      I had chosen to go with them since i had a previous experience of a personal loan with them and it was a great one. But this experience of car loan has not been good. The process has been delayed than usual and the interest rate has also been 14.5% which was high. They also had not informed about any charges.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 29, 2018
    • Capital First Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a good experience with this loan where they had provided me with 1,20,000 which was sufficient. The interest rate of 11.3% has also been nominal when compared with the market rate. There has not been any sort of additional charges which they have charged till date and that was the excellent part there.
      Was this review helpful? 0
      , jaipur
      Reviewed on Oct 19, 2018
    • 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? 5
      , 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
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