Capital first Personal Loan Features
|Capital first Personal Loan Interest Rate||9.75% p.a.|
|Lowest EMI per lakh||Rs 2112|
|Tenure||12 to 60 months|
|Capital first Personal Loan Processing Fee||1% to 2% of Loan Amount|
|Prepayment Charges||Allowed after 12 Months (2 – 4 %)|
|Part Payment Charges||Allowed after 12 Months (2 – 4 %)|
|Min Loan Amt||₹ 50,000|
|Max Loan Amt||₹ 75 Lakh|
What is Capital first Bank Personal Loan?
Capital personal loan is the best way to fulfill your needs. Don’t have enough money to do the stuff you’ve always wished for? Don’t worry, there is an option of “Personal Loan” that can actually help you get more funds to get your things done. You might need this type of loan to travel somewhere, or in case of any medical emergency in the house, or to repay any other loan, a family occasion, etc.
Now get loan disbursal with the hassle-free process and in less amount of time. Capital first personal loan is an easy way of taking a loan. It is an unsecured type of loan. To get more insight into Personal Loan, keep reading.
BookMyLoans helps you to choose the most appropriate option of bank, so that you get a choice to select the right bank for your loan. You just have to fill up a simple form that is displayed on our website and our customer care champions will get in touch with you.
Eligibility criteria for Personal Loan:
CIBIL Score/Credit Score: It is a track of your credit history. All of the payments that you have done so far is recorded through this. Make sure to maintain your CIBIL Score.
Salary: One of the essential factors that are considered while sanctioning of your loan amount is your salary. your net salary is checked just to ensure your capability of repaying the loan money.
Location-specific: Personal loan is location specific. Hence, you get loan disbursal only from the bank branches that are within 25 km of range from your current location.
Age of person: The age of the person must be at least 28 years or above. The age range is between 28-68 years.
Company’s profile: For both salaried and self-employed applicants, their company’s profile is checked.
Stability: You must have a stable lifestyle according to the bank so that there are no rejections for your loan.
It is an important step in the process of sanctioning a personal loan. Always ensure that the documents you provide are genuine because most of the rejections are based only on fraud documents that people provide.
Keep the following documents:
Documents required in case of a salaried applicant:
Salary slips of last three months
Bank statements that are six months old
PAN Card is a must
Aadhar Card is also required
Residence proof (self-owned or rented or company provided) is necessary
Two passport size photographs
*NOTE: In case of people living in rented apartments, rent agreement is required and must be attached along with other documents.
Documents required in case of a self-employed applicant:
All financials are considered, including the ITR documents and files of the company.
Residence Proof (as mentioned above)
Two photographs that are passport size are required
Different interest rates are available on the personal loan. Capital first bank offers the best interest rate on personal loans, so while opting for a loan, try to search and compare banks. The minimum interest rate that Capital first provides to its customers is @ 9.75% (in case of salaried applicant) and @ 13% (in case of self-employed applicant). The basic idea behind Capital First Personal Loan is that this bank believes in giving quick disbursal on loans. You might even get your loan amount disbursed within 24 hours depending on your loan amount.
How to calculate your monthly EMI?
Now with fewer efforts and with a single click, you can calculate your personal loan EMI with the help of Capital First Loan EMI Calculator. You are now independent to know what will be the fixed amount you have to pay to the bank every month after taking a loan.
With the help of Capital First personal loan EMI calculator, you get to know whether you are capable of repaying the loan amount or not.
Basic FAQs about Personal Loan
Whenever a person is interested in taking a personal loan, many questions come in his mind. So the questions and answers below might help you in solving your queries.
Who can apply for a Personal Loan?
A self-employed or a salaried person can opt for this type of loan.
How can I apply for a Personal Loan in Capital First?
Visit any nearby Capital First bank branch or go to our website BookMyLoans to apply for a personal loan online.
What is the tenure of a personal loan?
This type of loan is available for a minimum period of 1 year to a maximum period of 5 years.
How do I escape from rejection on my loan?
If a person provides original documents and everything goes well with the verification of the person, then he can escape from rejections on loan.
What happens when an applicant fails in repaying his loan amount?
In that case, your CIBIL Score is affected a lot.
Can I take more than one Personal Loan at a time?
No, you cannot take more than one personal loan when you are already undergoing one loan.