Capital First Business Loan Interest Rate Jun 2018

Last Updated 28th Dec 2017

Capital First Business Loan Interest Rates India

Capital First offers Business Loan starting at interest rate of 16.00%. The rates vary by loan amount, occupation and type of loan availed. Check Best Offers

Capital First Business Loan Features
Capital First Business Loan Rate
Loan for Self Employed Features
Processing Fee 1.99%
Tenure From 6 months to 36 months
Lowest EMI per lakh Rs. 3,516
Loan Amount Min Rs. 3 Lakh and Max Rs. 75 Lakh
Part Prepayment, Charges Not allowed
Early Foreclosure, Charges Allowed after 24 EMI's, 4 - 5%
Apply Business Loan @ 13.50%*
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Capital First Business Loan

Capital First offers loan to self employed and businessmen for financing the expansion or working capital requirements of their business. There are some benefits of taking loan from Capital First:

  • You can foreclose your entire Business loan anytime after paying 24 EMI's at foreclosure charges - 4 - 5%
  • Capital First has been rated 3.5/5.0 by customers for its service quality on MyLoanCare

Capital First Business Loan Interest Rate Calculator

There are multiple factors on which basis bank calculates your interest rate. Some of these factors are -

  • Loan amount: Business loan rate in Capital First depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate. Bank gives loan of minimum Rs. 3 Lakh to upto Rs. 75 Lakh. Interest rate for high loan amount can be lower resulting in lower EMIs.
  • CIBIL Score: Capital First offers loan at higher interest rate if your CIBIL score is low or vice versa. However, to get loan from Capital First, your CIBIL score should be atleast 700. Higher the CIBIL Score, higher the chances of getting a loan at lowest business loan interest.
  • Revenue: Capital First will offer you loan at lower interest rate if you have higher monthly revenue. Bank gives loan to the borrowers whose annual turnover is at least Rs. 0 .
  • Time in Business: Capital First offers loan at lower rates if you have significant business experience. Minimum business existence to get loan from Capital First is 36 months.

Capital First Eligibility Criteria

Bank have a detailed criteria to determine the eligibility of a borrower for business loans. Some of the key criteria are:

Eligibility Criteria Description
Age: 23 to 65 years
Minimum Turnover Rs. 0
Business Existence (in months) 36 months
ITR (months) 0 months
Loan Amount Rs. 3 Lakh to Rs. 75 Lakh
Loan Tenure 36 months
Owned House or Place of Work Required
CIBIL Score 750 and above

Capital First Business Loan Eligibility Calculator

Eligibility of Business loan in Capital First relies on two important factor:

1.Your ability to repay the loan and
2.Your past track record in repayment of loans.

The main factors on which the eligibility of an applicant depends are

  • Age: Age plays an important role to know your eligibility and repayment capacity. Capital First offers loan to those who are at least 23 years old at the time of loan approval and maximum 65 years at the time of loan maturity.
  • Loan Amount: Based on the loan amount eligibility, bank gives you loan ranging from Rs. 3 Lakh to Rs. 75 Lakh. To improve chances of approval, apply for a loan amount that you can comfortably service.
  • Profitability and Revenue: Loan eligibility significantly depends upon profitability on your turnover, revenue and profitability. Capital First requires profit for minimum 2 years and minimum business turnover of Rs. 0 .
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan. Capital First requires minimum business track record of 36 months. The bank will also look for minimum growth in sales for the last three year. A decline in sales for a certain period or below a certain limit might impact your eligibility to get loan.
  • ITR and Banking: Bank gives loan only after checking your income tax return and bank statements. Your ITR details for minimum 0 months and bank statement for minimum 0 months will be required by Capital First.
  • CIBIL Score: When checking loan eligibility, Capital First will look at the complete CIBIL report. Capital First will check your repayment history for all current and past loans and credit cards. Bank advise you to maintain a score of 750 and above to get loan approval.

Capital First Business Loan EMI Calculator

Capital First Business Loan EMI is a fixed amount that you pay each month towards the repayment of your loan till the end of tenure. Lowest EMI offered by Capital First is Rs. 3,516 per lakh loan amount. EMI of Capital First depends on factors like:

  • Interest Rate: Higher the interest rate, higher will be the EMI. For a 36 months loan from Capital First at an interest rate of 16.00% per annum, EMI will be Rs. 3,516 per Rs. one lakh loan amount. At an interest rate of 24.00% for the same loan, the EMI will be Rs. 3,923 .
  • Loan tenure: Longer the loan tenure, lesser your smonthly EMI. At interest rate of 16.00% per annum, the EMI on Capital First business loan would range from Rs. 17,453 to Rs. 3,516 for loan tenure ranging from 6 to 36 months.
  • Amount Borrowed: Capital First Loan EMI will be high if you apply for a high loan amount. For amount borrowed Rs. 3 Lakh, the EMI at 16.00% for 36 months would be Rs. 10,547 . Similarly for amount borrowed Rs. 75 Lakh, the EMI at 16.00% for 36 months would be Rs. 2.64 Lakh.
What are the benefits of calculating business loan EMI?
  • Business loan EMI calculator of Capital First helps you to calculate your monthly EMI at different rate of interest
  • Capital First EMI calculator helps you to know your capacity to repay the loan after meeting your regular monthly expenses
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
Business Loan Products

Capital First offers customized products for specific customer segments designed to meet their loan requirements. Some of the popular products with their basic features are as follows:

Other Charges

In addition to interest rates, business loan also carry some other charges which include:

  • Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Capital First allows prepayment of loan after paying 24 EMI’s with prepayment charges - 4 - 5%
  • Processing Fee- Capital First asks for a processing fee of 1.99% with applicable service tax
Documents required
  • Address proof of individual: Aadhaar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhaar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI
  • Copy of Income Tax PAN for 24 months
  • Bank statement of last 6 months

Compare Capital First Business Loan with other banks

FAQs on Business Loan Capital First

Why to take business loan from Capital First ?

Bank offers loan at 16.00% rate with the lowest EMI of Rs. 3,516 per lakh. If you are paying EMI more than this then you can opt for balance transfer and relocate your loan to Capital First.

What is the interest charged on Capital First business loan?

Interest rates on Business loan in Capital First are very attractive starting from 16.00% to 24.00%. Bank offer various offer for self employed professionals to get loan at very low rate of interest.

What is the lowest EMI per lakh on business loan from Capital First ?

If you apply for loan from Capital First, your lowest EMI per lakh will be Rs. 3,516 .

What is the minimum and maximum tenure of business loan in Capital First?

These loans are shorter tenure loans. You can repay your loan in a flexible period of minimum 6 months to maximum 36 months.

How much business loan amount I can borrow from Capital First?

Capital First offers you loan if you need a minimum amount of Rs. 3 Lakh to a maximum amount of 75 Lakh.

What is the processing fee charged by Capital First on business loan?

Capital First charges a processing fee of 1.99% with applicable tax.

Is age an eligibility factor to get loan for business from Capital First ?

Yes, age is an important eligibility factor to get loan as you should be at least 23 years old at loan approval time and 65 years old at loan maturity time.

What are the prepayment charges on business loan from Capital First?

Bank charges a fee in case you want to repay your entire loan amount before the end of tenure period. The fee charged by Capital First is 4 - 5% .

Capital First Business Loan Customer Care Number, Email, Application Status, Branches
City Customer Care Number
Agra 1860-500-9900
Ahmedabad 1860-500-9900
Ambala 1860-500-9900
Anand 1860-500-9900
Aurangabad 1860-500-9900
Bangalore 1860-500-9900
Bhilai 1860-500-9900
Bhilwara 1860-500-9900
Bhiwadi 1860-500-9900
Bhopal 1860-500-9900
Bhubaneswar Cuttack 1860-500-9900
Bikaner 1860-500-9900
Chandigarh 1860-500-9900
Chennai 1860-500-9900
Cochin 1860-500-9900
Coimbatore 1860-500-9900
Dehradun 1860-500-9900
Delhi 1860-500-9900
Durg 1860-500-9900
Faridabad 1860-500-9900
Gandhinagar 1860-500-9900
Ghaziabad 1860-500-9900
Goa 1860-500-9900
Greater Noida 1860-500-9900
Gurgaon 1860-500-9900
Guwahati 1860-500-9900
Gwalior 1860-500-9900
Hyderabad 1860-500-9900
Indore 1860-500-9900
Jabalpur 1860-500-9900
Jaipur 1860-500-9900
Jalandhar 1860-500-9900
Jodhpur 1860-500-9900
Kanpur 1860-500-9900
Karnal 1860-500-9900
Kolhapur 1860-500-9900
Kolkata 1860-500-9900
Kota 1860-500-9900
Kozhikode 1860-500-9900
Lucknow 1860-500-9900
Ludhiana 1860-500-9900
Madurai 1860-500-9900
Meerut 1860-500-9900
Mehsana 1860-500-9900
Mohali Sas Nagar 1860-500-9900
Mumbai 1860-500-9900
Mussoorie 1860-500-9900
Nagpur 1860-500-9900
Nashik 1860-500-9900
Noida 1860-500-9900
Noida Extn 1860-500-9900
Panipat 1860-500-9900
Patna 1860-500-9900
Pondicherry 1860-500-9900
Pune 1860-500-9900
Raipur 1860-500-9900
Rajkot 1860-500-9900
Ranchi 1860-500-9900
Rohtak 1860-500-9900
Roorkee 1860-500-9900
Salem 1860-500-9900
Shimla 1860-500-9900
Sonepat 1860-500-9900
Surat 1860-500-9900
Trichy 1860-500-9900
Udaipur 1860-500-9900
Vadodara 1860-500-9900
Varanasi 1860-500-9900
Vijaywada 1860-500-9900
Vizag 1860-500-9900

Capital First Business Loan News - Jun 2018
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