Capital First Personal Loan Interest Rate Calculator - Jan 2017

Capital First Personal Loan Interest Rates

Last Updated 19th Jan 2017
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
Apply Personal Loan Online @11.29%*
 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.
    Personal Loan interest rates in Capital First depends upon
    • Loan amount: Personal loan rate in Capital First depends upon the 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

    Capital First Personal Loan Eligibility

    Eligibility of personal loan in SBI 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. Capital First 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 and bank offers low interest personal loan to the employees of reputed companies
    • 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.

    Capital First Personal Loan EMI

    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 at lowest personal loan interest rate of 16.00%. 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

    Documents Required for Capital First Personal Loan

    Personal loan Capital First documents for Salaried employees

    • 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 Capital First documents for Self-Employed

    • 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

    Fee and Charges on Personal Loan Capital First

    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 5% charges upto 6 months and at 4% after that
    Processing Fee- Capital First asks for a processing fee of 1.99% of loan amount with applicable service tax

    Capital First Personal Loan Top up, Transfer

    • 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
    CIBIL Score for Capital First Personal Loan
    • 700 and above
    Illustration on Personal Loan Capital First
    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.

    Compare Personal Loan Interest Rates of Capital First with other banks

    Frequently Asked Questions on Capital First Personal Loan

    How much interest is charged by Capital First on personal loan?

    Capital First offers an interest of 16.00% to 24.00% on personal loan.

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

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

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

    You can repay your personal loan from Capital First in a flexible period of minimum 24 months to maximum 36 months.

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

    Capital First offers you personal loan if you need a minimum amount of Rs. 50,000 to a maximum amount of Rs. 400,000.

    How much processing fee is charged by Capital First on personal loan?

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

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

    Yes, age is an important eligibility factor to get Capital First personal loan as you should be at least 23 years old at loan approval time and 60 years old at loan maturity time.

    Are there any prepayment charges on Capital First personal loan?

    You can take personal loan from Capital First with 5% charges upto 6 months and at 4% after that.

    Can I add my spouse’s income while applying for personal loan from Capital First?

    You can combine your income with the income of your spouse to increase your loan eligibility and to get higher loan amount.
Capital First Personal Loan News - Jan 2017
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.