Capital First Personal Loan

Features and Benefits of Capital First Personal Loan

Capital First Ltd personal loans are one of the most lenient and exclusive loan offerings. You can borrow this loan for a number of end uses like wedding, home renovation, higher studies, or any emergency at nominal interest rates. Given below are some of the other features and benefits of this loan offering:

• Hassle-free Application: Anyone can apply for a personal loan from Capital First. Any prospective borrower can check their eligibility and apply for a loan on the official website in just a couple of clicks.
• High Loan Amount: The ideal applicant can get a loan amount as high as Rs. 25 lakh, subject to repayment ability of the applicant.
• Flexible Loan Tenure: A personal loan from Capital First can be availed for flexible loan tenures ranging from 12 months to 60 months.
• Borrow Extra Funds: Capital First Ltd personal loan borrowers can avail a low-cost top-up option to all of the existing customers.
• No Security: This personal loan offered by Capital First does not require any sort of security or collateral against the loan amount.

Capital First Personal Loan Overview

Capital First Ltd is registered as a Non-Banking Financial Institution in India that provides debt financing services to Indian consumers, MSMEs, and entrepreneurs. Established in 2012, the company was later listed on the National Stock Exchange and Bombay Stock Exchange. The company currently has a market cap of over ₹60.96 billion. Capital First provides personal loans with interest rates starting from 12% per annum. This loan can be availed by both self-employed and salaried employees with loan tenures ranging up to 5 years. In this piece, we will take a look at the Capital First Ltd personal loan in detail.

The Capital First Personal Loan can be availed to meet a number of end use purposes like higher education, medical expenses, purchasing furniture, purchasing vehicles, home renovation, etc. The company offers personal loans ranging from Rs. 1 lakh to Rs. 25 lakhs. This is a fixed rate personal loan with interest rates ranging from 12% to 18% per annum. The loan tenure ranges from 1 year to 5 years, the borrower can pay off the loan in easy monthly instalments via PDC, ECS, or auto debit. This is one of the most sought after loan products in the country owing to the low documentation requirement and quick loan disbursal.

Capital First Ltd Personal Loan Eligibility Criteria

Your eligibility for a Capital First personal loan is determined on the basis of your credit score, existing debt, income, along with various other factors. In order to obtain a personal loan from the company, the applicant has to fulfil the following criteria:

Self-Employed Applicants

• The business should be in existence for a minimum of three years during loan application
• If the applicant is a company, there should be a positive profit figure for the previous two years
• The minimum age of the applicant should be 28 and maximum 68 years at the time of loan maturity

Salaried Applicants

• The minimum age of the applicant should be 23 years and maximum 58 years during loan maturity

Documents Required for a Capital First Ltd Personal Loan

Capital First offers attractive personal loans to its applicants after a thorough assessment of the documents given below:

How is the EMI Calculated for a Capital First Personal Loan?

Given below is the formula that Capital First uses to calculate the EMI on their personal loans:

EMI = P × r × (1 + r)n/((1 + r)n – 1)

In this formula,

• P stands for the principal loan amount
• r denotes the applicable interest rate
• n is the loan tenure

The EMI for a personal loan is directly proportional to the loan amount borrowed and interest rate and inversely related to the tenure of the loan. This implies, the higher the interest rate and loan amount, the higher the EMI amount. Inversely, a longer loan tenure will lead to a lower EMI amount.

How Does Capital First Ltd Personal Loan Compare to Other Lenders?

The table given below depicts a comparison between a personal loan from Capital First and other lenders in the market:

Capital First Ltd Personal Loan Customer Care Number

All applicants and existing loan customers of Capital First Ltd can take care of their loan executive services on the toll-free number 1860-500-9900. The fully trained and experienced customer service representatives are available on this number from 9 AM to 8 PM, Monday to Saturday.