Capital First Personal Loan Interest Rate Calculator - Dec 2016

Capital First Personal Loan Interest Rates

Last Updated 10th Dec 2016
Salaried Self Employed
Interest Rate 16.00% - 24.00% 16.00% - 24.00%
Lowest EMI Rs. 3,516 per lakh Rs. 3,516 per lakh
Loan Tenure From 24 months to 36 months From 24 months to 36 months
Loan Amount Min Rs. 50,000 and Max Rs. 400,000 Min Rs. 100,000 and Max Rs. 500,000
Processing Fee 1.99% 1.99%
Age Min 23 years and Max 60 years Min 23 years and Max 65 years
Prepayment Charges Not allowed Not allowed
Foreclosure Charges Allowed after 24 EMI's, 5% charges upto 6 months and at 4% after that Allowed after 24 EMI's, 5% charges upto 6 months and at 4% after that
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 Salaried   Self Employed - Professional   Self Employed - Business 

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Capital First Personal Loan

Capital First gives the facility of personal loan to the people who want money to achieve their urgent requirements. There are some features and benefits of taking personal loan from Capital First:
  • Prepayment option available
  • Insurance offer available for personal loan
  • Interest calculation on monthly basis
    • Capital First has been rated 0/5.0 by customers for its service quality on MyLoanCare
    • Capital First offers special schemes and discounts for employees of large companies.
    Capital First Personal Loan Interest Rate depends upon
    • Loan amount: Personal loan rate in Capital First depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
    • Company where you work: Capital First has a list of companies to which they lend personal loan. Interest rate will be less if your company is listed
    • Your Salary: Income helps you in determining your rate of interest. Capital First interest rate varies with your monthly income. Higher the income, less will the rate of interest

    Personal Loan Capital First Charges

    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 personal loan after paying 24 EMI’s with 1 prepayment charges
    Processing Fee- Capital First asks for a processing fee of 1.99% of loan amount with applicable service tax

    Capital First Personal Loan EMI Calculator

    Personal Loan EMI of Capital First is a fixed amount that you pay each month towards the repayment of your personal loan till the end of tenure. Lowest EMI offered by Capital First is Rs. 3,516 per lakh loan amount. Personal Loan EMI of Capital First depends on factors like:
    • Rate of interest is an important factor which affects your EMI. Higher the interest rate, higher will be the EMI
    • Loan tenure matters equally as longer tenure reduces your monthly EMI per lakh
    • Your EMI depends upon the amount of loan you are going to borrow. Loan EMI will be high if you apply for a high loan amount
    What are the benefits of calculating Personal Loan EMI?
    • Personal 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 maintaining your standard of living
    • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
    Estimated EMI online by using EMI Calculator.

    Capital First Personal Loan Eligibility Calculator

    Personal Loan eligibility criteria Capital First
    Eligibility of personal loan in Capital First relies upon different factors but the most important factor is your ability to repay the loan. 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. Citibank offers personal loan to salaried individuals who are atleast 23 years old at the time of loan approval and maximum 60 years at the time of loan maturity. Self employed individuals with age of atleast 23 years and maximum 65 years at the time of loan maturity can apply for personal loan from Capital First
    • Income: Capital First Loan eligibility significantly depends upon your income. Usually bank set minimum levels of income to apply for personal loan. Capital First asks for net monthly income of minimum Rs. 20,000.
    • Job stability and Profession: Job stability is important to improve your status and eligibility for personal loan from Capital First. In case you are salaried, you must be in a full time job for at least 0 months of which not less 0 months must be with your current company. In case you are self-employed, you must be in current profession or business for at least 5 years and should preferably own either your office or your place of residence. Minimum turnover and minimum net income criteria may apply. Other than job stability, profession is also an important factor which can affect your Capital First eligibility. If you are working with a reputed company, probability of getting personal loan from Capital First increases as the income is considered to be more stable
    • CIBIL Score: Your past CIBIL history and repayment record of existing loans and credit cards has direct impact on your personal loan eligibility. If you have a poor repayment record, then you may not get the loan but on the other side, a regular repayment record increases your personal loan eligibility.
    • Loan Amount: Capital First gives you personal loan depending upon your income. Capital First gives you an amount ranging from Rs. 50,000 to Rs. 400,000. To improve chances of approval, apply for a loan amount that you can comfortably service.
    Estimated eligibility online by using Eligibility Calculator.
    CIBIL Score for Capital First Personal Loan
    • 700 and above
    Maximum Annual Percentage Rate (APR) 16.6666666667% to 24.6666666667%
    Representative example of the total cost of the loan, including all applicable fees
    Here is an illustration of the total cost of the loan:
    • Total amount borrowed: Rs. 100,000
    • Time period: 24 months to 36 months
    • Capital First Personal Loan Interest Rate: 16.00% to 24.00%
    • Processing Fee payable to Capital First: Upto Rs. 2,000. Current offer for processing fee is 1.99%
    • Fee payable to MyLoanCare: NIL
    • Total Monthly Cost – From Rs. 3,516 for a 36 months Rs. 100,000 loan at 16.00% (lowest rate, longest time period) to Rs. 5,287 for a 24 months Rs. 100,000 loan at 24.00% (highest rate, shortest time period). This is inclusive of principal repayment.
    • Annual Percentage Rate (APR) of charge including all applicable fees: 16.6666666667% to 24.6666666667%
    • Total cost payable over loan tenure: Rs. 28,891 for 24 months loan to Rs. 28,565 for 36 months loan
    Capital First’s terms and conditions as per loan agreement applicable. Short term loans/ pay day loans not available; minimum loan tenure - 24 months. Rate of interest depends upon company categorization, income, job stability, loan amount, CIBIL score, credit profile, existing obligations, verification and other factors. Credit at sole discretion of Capital First.

    Capital First Personal Loan Top up, Transfer

    Transfer of personal loan from another bank to Capital First?
    Capital First offers personal loan balance transfer from another bank. This is subject to your meeting other eligibility criteria of Capital First
    You can avail additional top-up personal loan from Capital First, subject to your eligibility

    Personal Loan Capital First documents required

    Personal loan for Salaried employee Capital First documents required

    • Filled up loan application form
    • Passport Size Photo
    • Copy of Income Tax PAN
    • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Income Documents – months payslip, years Form 16, months bank statement showing salary credit and any EMI debit

    Personal loan for Self-Employed Capital First documents required

    • Filled up loan application form
    • Passport Size Photo
    • Copy of Income Tax PAN
    • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Income Documents – months bank statement
    • Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof

    Compare Capital First Personal Loan

    Capital First Personal Loan in India

    Capital First Personal 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 Personal Loan News - Dec 2016
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