Capital First Personal Loan 2022

Capital First Personal Loan

Personal Loan is availed for multiple reasons; let it be marriage expenses of your son/daughter, any urgent medical cost, and expenses for holidays abroad, education expenses and so on. Any urgent requirement of money can be fulfilled with the help of personal loans.

❂ No restriction on the end use of the loan amount
❂ Competitive rate of interest
❂ No collateral or security required
❂ No requirement to present any guarantor
❂ Low processing fees
❂ High quantum of the loan from Rs. 50000 to 10 lakhs
❂ Easy & minimum documentation
❂ Fast processing & disbursal
❂ Minimum pre-closure charges

The personal loan offered by Capital First is availed at certain specified cost in the form of fees and charges. These are minimal charges involved during the documentation and processing of the loan amount as well as the rate of interest applicable on it.

Capital first determines your maximum eligibility by looking at your current income, other loans and credit scores along with other parameters. However, you can easily judge your capacity to borrow and repay according to the current financial situation. You can conveniently use the personal loan eligibility calculator at Afinoz to understand how much you may be eligible for. Certain eligibility criteria which a borrower needs to meet are mentioned below:

To avail the lost cost Personal loan from the Capital First, one requires fulfilling the eligibility criteria as prescribed by the institution.

For Self-employed:

• Business must exist for a minimum period of 3 years during the time of application
• In case of a company, the profit figure must be positive for the last 2 years
• Minimum age required is 28 years and max. 68 at the time of loan maturity

For Salaried:

• Minimum age required is 23 years and max. 58 at the time of maturity

Other than the specific age and income eligibility, the bank also enquires the applicant’s current credit score and existing monthly expenses.

Individuals applying for a capital first personal loan should pay attention towards documentation required to get the personal loan in the capital first.

Capital First offers customized personal loan to one and all after due assessment of the documents as given below:

Capital First Personal loans are one of the most exclusive and generally favored personal loan facilities, where you can easily borrow funds for home renovation, wedding, or any other emergencies at the lowest interest rates with some of the unique benefits:

Hassle-free Application: Capital First offers any person can apply for a personal loan online and assures the borrower to check eligibility within minutes and apply for the loan.

High disbursal amount: The personal loan provided by the Capital First can be as high as ₹ 25 Lakh depending upon the repayment capacity of the applicant.

Flexible tenures: Capital First personal loan can be availed for tenure of 12 months to 60 months, depending on the amount of loan to be repaid.

Borrow more if you need: Capital First provides a low cost top-up facility to all of its existing customers.

No collateral: The personal loan offered by the Capital First requires no security or collateral against the loan amount.

To get an idea about how much would it cost to repay Capital First Personal Loan in easy installments, one can utilize the Afinoz Personal Loan EMI Calculator for best results. On this page, one would require to enter details regarding the application like the Loan amount, Interest rates and the respective tenure in years or months. Once the details are furnished, the calculator displays all available installment options on the basis of the factors mentioned above. However, with the EMI calculator, one can also use the comparison feature to compare various loans.

To make it more simple and easy to understand, we have provided a few details in terms of various amounts of loan availed from Capital First with variable tenures at lower rate of interest as compared to other products.

₹ 2 Lakh of loan amount availed at 11.75% p.a. for a tenure of 12 to 60 months, the EMI options are as shown in the table:

Various amount of loan taken for tenure of 2 years at an effective rate of interest @ 0.010% i.e. 11.75% p.a.:

Comparative table of some of the low cost personal loans available in the market:

Capital First personal loan enables its customers to apply and get their loan processed online, without any hassle of visiting a branch or submit documents in person. An applicant would require following a simple process by visiting the website. 

• Visiting the website, one would require to enter details on an application form
• Next page displays information regarding the eligibility of the applicant
• If the applicant is eligible, the bank will ask the applicant to arrange relevant documents for pickup
• Once verified, the bank contacts the customer for a personal discussion regarding the loan disbursal process
• After verification and discussion, loan approval is duly notified and the loan amount is disbursed within a day

Why apply for Capital First Personal Loan through Afinoz –

While you do your Capital First personal loan application through Afinoz, you should check the following: -

• Check your Capital First personal loan eligibility with the personal loan eligibility calculator at Afinoz.com. Simply visit Afinoz.com, fill in a few easy details and get an instant and accurate assessment of your personal loan eligibility
• Check your Capital First personal loan EMI with the personal loan EMI calculator at Afinoz.com. This will help you to know the exact amount you need to pay every month towards the repayment of your loans
• Check the documentation required for your Capital First personal loan application. Whether you are salaried or self-employed, applying with the proper set of documents will enhance your chances of getting your loan approved in the least possible time.

At Capital First, one would require to visit the official website of IDFC First Bank, with the bank’s website one can anytime log in-to their respective IDFC Bank personal account or directly into their loan account at Capital First, by using their credentials such as the Login ID and password. Once logged in, it is very convenient to check out all the activities of your account on the go.

IDFC First Bank also provides the overview feature through its application, you can enter your loan account number, or simply scroll through the overview section of the app for all the information regarding your current account status.

All the applicants and customers of Capital First or IDFC first bank can avail the executive services on a toll-free number 1860-500-9900, where customer service executives are present from morning 9 AM to 8 PM Monday to Saturday, to solve all the queries and concerns with solution-based approach. Here, all the executives are highly trained and equally supportive for all that a customer needs regarding their grievances.

Capital First enables its customer to check the present state of their application through a dedicated toll-free number 1800-103-2791, which provides all information related to queries on personal loan status. However, if one wishes to go online and check for themselves by visiting the website, they can log on to the bank’s official website and by providing their credentials they can browse through their account and check current status of their personal loan application.

Capital First Personal Loan comes with a prepayment feature which enables its customer to fully or part-pay their loan in advance, after six months of lock-in, a borrower can repay either the entire amount or partial amount with an additional fee of 5% on the outstanding amount of loan.

Mostly the foreclosure of the personal loan brings no good to one’s credit score, as it is treated as an adversary if the loan amount is repaid within a year. However, it entirely depends on the amount of the loan taken, the higher the quantum of loan it is advised that the repayment period must be longer as well.

Why should you apply for Personal Loan through Afinoz.com?

Afinoz.com is one of India's leading personalized financial marketplace. It has created a personal loan platform which lets you choose the best personal loan from the multiple options available to you. All the options are system generated taking into consideration your specific needs and requirements.

• Instant Approval – Once you fill in and submit the application form along with the mentioned documents, you will get your e-approval within 2 to 3 days.
• Real-time application tracking – Keep track of the application status in real-time with a unique transaction id which is generated at the time of loan application submission. We ensure that all the applicants are kept informed about their application process at each step via SMS and emails.
• Online eligibility check - Do all your dealings with the bank online. Provide your basic information and our online personal loan eligibility calculator will let you know the amount of loan you are eligible to borrow from Capital First for your personal financing.
• Secure Environment - Afinoz.com has a built-in security for your personal information which is stored in a secure environment in our system with your consent. This information is then sent to the bank in an encrypted format digitally and is very secure.
• 24/7 Customer Service - At any stage of the process if you have any query or seek any financial advice, our experienced and well-trained customer service team will offer the best financing/investment solutions to your problems. So there's no need for you to waste time and make multiple trips to the bank to discuss loan specifications with bankers.
• No third-party agent – Afinoz.com online loan application process is absolutely free. Through Afinoz one can directly approach multiple banks online without involving any agent and therefore avoiding unnecessary delays and hassles.
• Free quotations – Get online deals on Capital First personal loans and free unbiased quotes of the best personal loan rates. All you have to do is select the loan amount you want to borrow and the tenure of the personal loan. You will get a targeted online quote within minutes of application.

About capital first

Capital First Limited was founded in the year 2008 and has undergone a merger with the IDFC bank, to form a single entity now known as IDFC First Bank. IDFC bank and Capital First together constitute a loan book of ₹ 1 Lakh crore making it one of the leading MSME lenders in the country.

Capital First provides financing to most micro, small & medium enterprises ranging from as low as ₹ 10,000 at affordable rate of interest. The loan offered by the Capital First can be availed for a period of 6 months to 15 years depending on the type of loan facility and the utility of the loan.