A Car Loan is a secured loan where the debt is deemed a lower risk. This leads to a significantly reduced interest rate for the borrower. The loan is to be repaid off in Equated Monthly Installments (EMIs) i.e. a monthly payment of your loan in fixed amounts. A Car Loan helps you achieve your dream of owning a car in an affordable way.

Capital First Bank an Indian non-bank financial institution which has recently collaborated with IDFC Bank, now known as IDFC First. The bank offers debt to entrepreneurs, individuals and MSMEs. Capital First Bank offers Car Loan at competitive interest rates with a quick processing time.

The various features of Capital First Bank Car Loan are:

• Flexible EMI options.
• Loan tenure upto 10 years.
• Available for new as well as for used car.
• On road funding upto 100% LTV.
• 8.5% floating interest rate.

Capital First Bank Car Loan Eligibility

Capital First Bank Car Loan Documents Required

Capital First Bank Car Loan Approval Process

Capital First Bank’s Car Loan approval process is simple:

1. Give them a missed call on their number and their representative will contact you.
2. Submit the requested document to representative & get your loan sanctioned.
3. Submit the post-sanction documents and drive away in your new car.

FAQs on Capital First Bank Car Loan Approval Process

✅ How is the eligibility for Capital First Bank Car Loan?

Capital First Bank offers up to 90% of the ex-showroom price as a new Car Loan. Loan amount is up to ₹ 50 lakhs which depends on your income and banking.

✅ What are the documents required for Capital First Bank Car Loan?

Basic documents such as KYC documents, Proforma invoice, Bank statement and any other document required for specific program are required by the bank.

✅ What are the processing fees for Capital First Bank Car Loan?

The processing fees for Capital First bank Car Loan are up to 3.5% of the total loan amount.