Capital First Ltd., also known as Capital First, is one of the leading financial institutions that offer debt financing solutions to its customers. Capital First offers debt financing services largely to the Micro, Small and Medium Enterprises (MSMEs) and individual customers. Capital First offers home loans that can be used for various purposes that include self-construction, buying ready property, under-construction land, plot purchase, home extension and renovation, etc.
Capital First Home Loan
|Capital First Home Loan 2018|
|Interest Rate||As per applicant’s profile|
|Loan Amount||Upto Rs. 5 crore|
|Loan Tenure for Salaried||Upto 30 years|
|Loan Tenure for Self-employed||Upto 25 years|
(Interest rates are subject to periodic change and defined at the sole discretion of the respective bank, NBFC or RBI. (Applicable GST @ 18% will be levied on these charges)
Capital First offers home loan to salaried and self-employed professionals, sole proprietors and partnership firms. The company also provides financing for various customers’ needs, such as business expansion, and purchase of consumer durables, machinery, furniture, etc.
Capital First Home Loan Eligibility Criteria & Charges
|Eligibility Criteria & Charges|
|Age||Min. 23 years & Max 70 years at time of loan maturity|
|Work Experience Salaried||3 years|
|Work Experience Self-employed||3 years with positive net worth|
|Credit History||Clear record of previous loans and payments|
Features and benefits of Capital First Home Loan
- Based on eligibility, LTV (Loan-to-Value) up to 90%
- Under PMAY, interest subsidy benefit up to Rs. 2.67 lakhs
- Pre-approved loans
- No hidden charges
- Quick loan processing
- Minimum turnaround time
- Term loan secured against residential properties
- Hassle-free documentation process
|Photo Identity Proof||Address Proof||Business Proof||Property Proof|
|Voter’s ID||Passport||Business Establishment Certificate||Sales Deed (photocopy)|
|Passport||Driving License||Trade License||Allotment Letter|
|Driving License||Bank A/C Statement||Property Allotment Letter||Possession Letter|
|PAN Card||Ration Card||Property registered deed/papers||No Objection Certificate (NOC) from society|
|Aadhar Card||Utility Bills||Updated bank passbook||Other Documents as per legal report|
|Last 2 months’ salary slips||ITR with income computation|
|Last 2 years’ ITR / Form 16||Last 6 months’ bank statement|
|Last 6 months’ bank statement||Sales Tax Return / VAT Return|
|Repayment track/bank statement proof of track with amortization schedule||Last 6 months’ credit card statement|
|Copy of contract order / Form 16|
|Profit & Loss Balance Sheet|
Applying for Capital First Home Loan Online
The simplest and easiest way to apply for Capital First home loan is by visiting www.paisabazaar.com and filling the application form online. After submitting the required details, the lender will perform a necessary check like checking your creditworthiness, credit report, repayment capability, etc. If convinced with the submitted details, lender shall approve the home loan as per the appropriate time frame. You may also visit the official website of Capital First and request for home loan online.
Capital First Customer Care
If you come across any issue, complaint or suggestion, you can contact Capital First customer care team at their Toll Free no: 1860 500 9900 or email your query or concern at firstname.lastname@example.org
If in case you are not satisfied with the reply received from Capital First and would wish to escalate it to next level, you may reach out to their Grievance Redressal Officer by contacting on 022 61185811 or emailing at email@example.com
Capital First Limited: Corporate Office
One Indiabulls Centre, Tower 2A & 2B, 10th Floor,
Senapati Bapat Marg, Lower Parel (West),
Mumbai – 400 013
Capital First Home Loan FAQs
1. Who can take Capital First home loan?
Ans. Home loan is offered to salaried and self-employed professionals, sole proprietors and owners of partnership firms.
2. Do I need a co-applicant to apply for a home loan?
Ans. No, you do not require a co-applicant to apply for home loan.
3. Do I require a guarantor for a home loan?
Ans. No, you do not require a guarantor.
4. Do I have to pay any fee to get a home loan?
Ans. Yes, you need to pay the processing fee which is levied by the lender.
5. Is the interest rate offered is fixed or floating?
Ans. Interest rates offered are both fixed, as well as floating rate of interest.
6. What is the maximum loan offered by Capital First?
Ans. Maximum loan offered is up to Rs. 5 crore.
7.Is the pre-payment option available with Capital First?
Ans. Yes, you can pre-pay your loan, however the minimum repayment amount is three times the amount of EMIs.
8. Do I require any minimum CIBIL score to qualify for a home loan?
Ans. Yes, you should maintain a CIBIL score of 650 to qualify.
9. Does interest rate change impact amortization schedule?
Ans. If you have chosen floating rate of interest then it will surely impact amortization schedule.
10. Is the cancellation possible after the loan is approved?
Ans. Yes, it is possible to cancel your application after loan approval. You can simply call the toll free number or email to the customer care team.