Capital First Personal Loan: Interest Rates, Eligibility, How to Apply

Capital First Personal Loan: Capital First offers a variety of services in the form of personal loan. Here pensioners get attractive offers. You can enjoy lower interest rates and less paperwork.

Benefits of Capital First Personal Loan

  • low interest rates
  • No hidden costs and administrative fees
  • less paperwork
  • long tenure
  • Minimum income requirement
  • Pensioners get attractive offers

Documents Required for Capital First Personal Loan

Following are the important documents to be submitted while applying for a personal loan from Capital First:

  • Well filled application form
  • 3 passport size photographs
  • Identity Proof (Photocopy of Voter Card / Passport / Driving License / PAN Card)
  • Residence proof (photocopy of recent telephone bill / electricity bill / passport)
  • Bank account or passbook details for the last six months
  • Form 16/IT Return for the last two financial years for salaried employees
  • IT returns for three years for self-employed professionals

Capital First Personal Loan is the best option to meet your short-term needs, to meet the needs of different segments. You can choose the best personal loan based on your requirement.

Capital First Personal Loan Details

Rate of interest 12% to 18%
processing fee Up to 1.5% of the loan amount
loan tenure 1 to 5 years
pre-closure charges Pre-closure is allowed after 6 months (5% of the outstanding principal will be charged)
guarantor required no guarantor needed

Key Features of Capital First Personal Loan 21 February 2022

eligibility criteria description
Age 23 to 58 years
CIBIL Score 750 or more
personal loan interest rate 10.49% p.a.
Lowest EMI per lakh Rs 2,149
repayment period 12 to 60 months
processing fee up to 3.5%
prepayment fee will be decided by the bank
part payment fee will be decided by the bank
Minimum loan amount 1 lakh rupees
Maximum loan amount 40 lakh rupees

Capital First Personal Loan Eligibility Criteria

CIBIL Score 750 or more
Age 21 to 58 years
minimum income 15,000 to 25,000 rupees
profession Salaried/Self-Employed/Pensioner

Capital First Personal Loan interest rate and other charges

Capital First Personal Loan Interest Rate 10.49% p.a.
Capital First Personal Loan Processing Fee up to 3.5%

How can I apply for Capital First Personal Loan?

You can either apply online or visit the nearest Capital First Loan center for a personal loan.

Will there be any charge for prepayment of Capital First Personal Loan?

There is no prepayment charge on personal loan.

Can the income of spouse be included for computing the loan amount?

Yes, your spouse’s income can be included provided he/she guarantees the loan or the loan is taken jointly.

What is the processing fee?

There is a 1.5% processing fee for a personal loan.

Do I have the option to choose a fixed or floating rate for the loan?

You have the option of taking a loan with a fixed interest rate or a floating interest rate. In case of a fixed rate loan, the interest rate on the loan will remain constant throughout the tenure of the loan, whereas in case of a floating rate loan, the interest rate may increase or decrease as per the change in the rate.

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