# Capital First Personal Loan EMI Calculator - Feb 2019

Last Updated 19th Dec 2018

Get monthly EMI as low as Rs. 2,327 per lakh on Capital First personal loan. Personal loan EMI in Capital First depends upon loan amount, loan tenure, interest rate, monthly salary and company that you work for.

## Capital First Personal Loan Calculator

Loan Amount1 year loan3 year loan5 year loan
Rs. 1 LakhRs. 8,979 Rs. 3,418 Rs. 2,327
Rs. 5 LakhRs. 44,894 Rs. 17,089 Rs. 11,634
Rs. 10 LakhRs. 89,787 Rs. 34,178 Rs. 23,268
Personal Loan EMI Calculator
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## Personal Loan EMI Calculator Capital First

### Capital First Personal Loan EMI

• Personal Loan EMI (or equated monthly instalment) is a fixed amount of money paid by you to Capital First against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
• Capital First offers affordable and convenient personal loans with loan EMIs as low as Rs. 2,327 per lakh for a 60 tenure and lowest rate of interest on personal loans at 14.00%.

#### Personal loan EMI calculator at different tenures

Personal Loan EMI for different loan amounts and tenures @ 14.00% interest rate

 Loan Amount (Rs.) 2 Years 3 Years 5 Years 1 Lakh Rs. 4,801 Rs. 3,418 Rs. 2,327 3 Lakh Rs. 14,404 Rs. 10,253 Rs. 6,980 5 Lakh Rs. 24,006 Rs. 17,089 Rs. 11,634 10 Lakh Rs. 48,013 Rs. 34,178 Rs. 23,268
• From the above table, it can be interpreted that for various loan amounts taken at the lowest interest rate, EMI differs for loans taken at different tenures. Your EMI is higher when you take a loan for a shorter tenure of 2 years and is higher for a longer tenure loan of 4 years.
• Each EMI includes a component of interest payment and principal repayment. Even as EMIs remain constant, every month there is a change in proportion of interest component and principal repaid. With every EMI payment, the proportion of principal repayment in EMI keeps increasing and the interest component keeps reducing.
Use EMI Calculator to calculate your interest on personal loan at different tenure
Personal Loan EMI for Rs. 1 Lakh loan amount at lowest 14.00% interest rate offered by Capital Firstfor different tenures
2 years 3 years 5 years
Capital First EMI for a loan amount Rs. 1 lakh at 14.00% 4,801 3,418 2,327
Total amount you pay back to the bank including principal and interest 1.15 Lakh 1.23 Lakh 1.40 Lakh
Interest you have to pay over loan tenure 15,224 23,048 39,620

The above table shows that EMI paid on the loan will be lower for a loan taken for a longer tenure. However, your total interest outgo is significantly higher in a long tenure loan. In the above example, if you take a Rs. 1 Lakh loan from Capital First for a period of 4 years, you pay the lowest EMI of Rs. 2,327. However, you pay an interest of Rs. 39,620 on a Rs. 1 Lakh loan.
In contrast, if you take a Rs. 1 Lakh loan from Capital First at the lowest loan rate for a period of 2 years, you pay a higher EMI of Rs. 4,801 and pay an interest of only Rs. 15,224 which is less than half of what you pay for a 4 year loan. Hence, it is advisable to choose your loan tenure wisely as longer tenure means high interest expenses.

#### Factors affecting Capital First Personal Loan EMI

• Loan amount – This is the amount borrowed by a borrower from Capital First.If you apply for a higher loan amount, your monthly EMI will be high. Capital First gives a minimum loan of Rs. 50,000 which can go upto an amount of Rs. 25 Lakh.
• Interest rate - Higher interest rate increases your loan EMI as well as the total cost of the loan. Capital First personal loan interest rate for salary account holders can be lower than their quote rates, which can reduce the overall cost of loan and EMI. Lowest interest rate offered by Capital First is 14.00%. However, it is advisable to do complete market research and compare rates online before you apply for a loan.
• Loan tenure – This is the period in which you can repay your loan in Capital First. Longer loan tenure means lower personal loan EMI. Generally, Capital First offers loan for a maximum tenure of 5 years.

### Capital First Personal Loan calculator formula

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how Capital First Personal Loan EMI is calculated:

In above formula,

P = Loan amount. This can range from Rs. 50,000 to Rs. 25 Lakh

r = Rate of interest per month. Current rate is 14.00%

n = tenure in month. For Capital First, this can be 60 months

Tips to decide the right amount of EMI
• Decide the amount you need to borrow: It is important that before approaching a bank for loan, you need to estimate the amount of loan you need to borrow. Remember personal loan is an unsecured loan which can come at high interest rates and hence, it is advisable to limit your loan amount to the minimum required. Also, based on the EMI you can service, try to opt for lowest tenure of loans as long tenure loans result in huge interest outgo.
• Review your current obligations: Before taking a loan it is advisable to do an evaluation of your current monthly expenses including any EMI obligations that you have on your current loan accounts. The assessment will help you to estimate the amount of EMI you can pay comfortably after taking into account other obligations. Once you arrive at the EMI you can service, you can also decide on the right loan tenure.
• Calculate your Capital First personal loan eligibility: Your personal loan eligibility is a function an assessment of your repayment capacity based on your monthly income and other fixed obligations.
• Multiplier based loan amount eligibility - Capital First calculates your loan amount eligibility by applying a multiplier to your net take home salary. This is the simplest method for calculating a loan eligibility used by banks. The formula used in the loan amount eligibility calculation is: Loan Eligibility = (Your Net Salary) x (multiplier of 9 to 18). The multiplier depends on the bank’s internal categorization of your employer company based on its reputation, stability, size and growth in turnover.
• Capital First will calculate your loan amount eligibility based on the above two methods and will sanction you a lower loan amount arrived at, by the above two methods.
Quick guide on Capital First personal loan
• Purpose of Loan: Capital First personal loan is taken to funding medical treatment in case of emergencies, paying additional debts, marriage expenses and other personal finance requirements.
• Key Features
• Loan available for both salaried individuals and self employed.
• Borrowers within the age group of 23 and 60 years.
• Loan amount of minimum Rs. 50,000 to Rs. 25 Lakh.
• Loan Tenure 1 to 5 years.
• Interest rates in the range of 14.00% to 16.00%.
• Lowest EMI of Rs. 2,327 per lakh.
• Processing Fees: 1.00% of loan amount. This is to be paid at the time of loan application
• Special schemes: Capital First offers customised personal loan interest rates and schemes for special category of borrowers including borrowers working in reputed companies, banks or government employees etc.

#### Personal loan EMI calculator Capital First – How it works?

• Capital First personal loan calculator calculates EMI considering a combination of loan amount, interest rate and loan tenure.
• Capital First EMI calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears (means interest is charged for the month preceding the EMI payment date) and not in advance.
Personal loan EMI – EMI changes in case of prepayment

In case you prepay your personal loan, the outstanding balance on your personal loan reduces. Capital First gives you two options:

• Reduce your loan tenure and keep EMI on your personal loan unchanged: This option allows you to close your loan earlier and save the interest outgo associated with the remaining tenure. This is suitable for borrowers who feel that they have adequate income to continue servicing the same level of EMIs.
• Reduce the amount of EMI and keep your loan tenure same: This option allows you to reduce your monthly EMI and hence, increases the availability of monthly surplus which you can deploy for other purposes. This is suitable for borrowers who anticipate higher monthly personal expenses and hence, would want to reduce their monthly EMI obligations.

#### FAQs on Capital First EMI Calculator

Why should I calculate Capital First loan EMI before taking a loan?

It is advised to calculate personal loan EMI prior to taking a personal loan. There are several benefits of calculating your Capital First personal loan EMI as discussed below -

• In case EMI comes out to be more than your monthly budget, then you have the chance toapply for a lower loan amount which fits your monthly budget and makes EMI easilyaffordable
• If you already know the EMI you have to pay each month, then you can plan your spendsaccordingly
• Based on the EMI amount, you can opt for making prepayment of your personal loan infuture when you have surplus amount
What is the lowest EMI per lakh offered by Capital First on personal loan?

Capital First offers personal loan at 14.00% interest rate and hence lowest EMI on per lakh loan amount is Rs. 2,327. However, Capital First personal loan interest rate for salary account holders or existing customers can vary.

What are the prepayment charges on Capital First ?

Capital First offers you an option of prepayment after 6 months at 5% foreclosure charges.

Is there any processing charge on personal loan from Capital First?

Personal Loan from Capital First charges a processing fee of 1.00%.

Will i get the personal loan from Capital First if i have a bad credit score?

No, for taking a loan from Capital First, an applicant must have a good credit score of 700 and above. Usually, most of the banks avoid giving loans if you have low credit score.

How does a personal loan repayment happen?

The repayment of a personal loan happens in the form of an EMI (Equated Monthly Installment) through the customer's bank account. The customer is required to present a few post dated cheques and sign an ECS mandate in favour of the bank at the time of loan disbursal.

Can i have a co-applicant while applying for a Personal loan with Capital First ?

Yes, you can opt for a co-applicant to take personal loan from Capital First that will increase your personal loan eligiblity as the income of the co-applicant is also taken into account.

#### Compare Personal Loan EMI of All Banks

Capital First Personal Loan EMI Calculator Customer Care Number, Email, Application Status, Branches
City Customer Care Number
Agra 1860-500-9900
Ambala 1860-500-9900
Anand 1860-500-9900
Bangalore 1860-500-9900
Bhilai 1860-500-9900
Bhilwara 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
Delhi 1860-500-9900
Durg 1860-500-9900
Gandhinagar 1860-500-9900
Goa 1860-500-9900
Greater Noida 1860-500-9900
Gurgaon 1860-500-9900
Guwahati 1860-500-9900
Gwalior 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
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