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
    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 411 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    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

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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
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    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 22 Mar 2019

    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
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I got my car loan from Capital First and its been 3 months. I have purchased i20 new car and they have provided me 85% funding. The interest rate is okay and the charges has been informed, after getting confirmation from me then loan amount was credited to account. The tenure is 36months.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 19, 2019
    • Capital First Car Loan
      "Speedy Process"
      0.5 4.0/5 "Great!"
      Earlier I took car loan from Capital first now it became as IDFC, they approved my car loan very faster, I purchased Honda City car, the interest rate is 1 or 2% different compared to other bank, its not issue to the customer only concern about process. I got brochures from Capital First on time.
      Was this review helpful? 1
      , bangalore
      Reviewed on Feb 09, 2019
    • Capital First Car Loan
      "Looking for less interest rate"
      0.5 5.0/5 "Blown Away!"
      It was a very good experience with Car loan from Capital First, the process was quick and i received my loan amount within 4-5 days. They have to transfer Rs 30000 within 10 days but now its 2 months still they have not transfered. Loan amount was for Rs 2.3 lacs for 3 years with high interest rate when compared to others in the market.
      Was this review helpful? 1
      , pune
      Reviewed on Jan 24, 2019
    • Capital First Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience with my Car loan from them was quite good where the process has been simple. The loan amount has been sufficient and the interest rate with them has been nominal when compared with the market rate. There has not been any sort of charges which they had been making and the processing fee was nominal. Their customer support team had also been helpful as well.
      Was this review helpful? 2
      , bhubaneshwar
      Reviewed on Jan 22, 2019
    • Capital First Car Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I got the better interest rate for the used car interest, I got the interest rate around 18% from Capital First . For the loan amount of Rs. 4.50 lakhs, They have part payment and preclosure option, but there is no balance transfer facility on this loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 21, 2019
    • Capital First Car Loan
      "Worst Service"
      0.5 1.0/5 "Really Bad"
      I have got the call from Capital First. They have collected all my documents for the next day but there was miscommunication from their end. They have offered me a interest rate of 14.5% but they have confirmed the rate of 13.5% and i have declined the insurance. After the approval, they have deducted the insurance charges also without any prior intimation. They have not given the insurance papers also till now. I'm unable to reach our their customer care people. I'm planning to close this loan.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 21, 2019
    • Capital First Car Loan
      "Speed Process"
      0.5 5.0/5 "Blown Away!"
      I dropped my plan to buy the car because that owner have not come from abroad. Anyway the Capital First service was very fast. They came and collected the documents and loan got sanctioned . But I didn't collect the cheque. Capital First interest rate is bit high.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jan 21, 2019
    • Capital First Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The process in getting my Car loan from them has been quite good and the process went smooth. The loan amount was sufficient but the interest rate with them has been quite high when compared with the market rate. Their customer support and their response has been good and has been helpful as well.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jan 10, 2019
    • 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? 3
      , 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? 3
      , 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? 2
      , 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? 3
      , 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? 3
      , 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
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