Capital First Car Loan Key Features – Jan 2021
| Capital First Car Loan Interest Rate | Starts @ 7.50% |
| Min Loan Amount | ₹ 10,000 |
| Max Loan Amount (Loan to Value) |
Loan up to 100% of car value or up to Rs. 5 lakh |
| Loan Tenure | 1 year to 7 years |
| Lowest EMI / Lac | ₹ 1,526 |
| Minimum Net Monthly Income | ₹ 20,000 |
| Minimum ITR for Self Employed | ₹ 300,000 |
| Age Criteria | Salaried: 21 years to 60 years Self Employed: 21 years to 65 years |
| Types of Cars | For All New Passenger Cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicle (SUVs). |
| Processing Fee | Up to 2% of the loan amount |
| Foreclosure Charges | 4% of the principal outstanding |
| Basic Documentation | ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation |
About Capital First Car Loan
Capital First is a Non-Banking Financial Corporation that provides financial services to individual customers and corporates. Capital First is set up in 2012 by V. Vaidyanathan.
Capital First offers Car Loan who wants to purchase a Car. It offers you flexible repayment options. Also, offers low-interest rates for higher loan amount for Car Loan.
Capital First provides Car Loans at a reasonable interest rate to the customer for buying a car whether new or second hand. A car loan is easily available which can be got by anyone with a good credit/CIBIL score.
Capital First Car Loan Eligibility
Documents required for car loan and other eligibility are discussed below.
| Salaried Individual |
|
| Self-Employed Individuals |
|
| Self-Employed Non-Individuals (Company/Partnership) |
|
| Priority Customers |
|
Capital First Car Loan Interest Rate, Fees, and Charges
Details on car loan interest rate and other charges are given below:
| Charges | New Car Loan | Used Car Loan |
| Interest Rate | Starts@7.50% | Starts@13.50% |
| Processing fee | 2% of the loan amount | 2% of the loan amount |
| Issuance of Duplicate Repayment Schedule Charges | Rs.500 per instance | Rs.500 per instance |
| Foreclosure Charges | 4% of the principal outstanding | 4% of the principal outstanding |
| Penal Interest | 2% per month | 2% per month |
| Part Payment charges | 2% of the paid amount | 2% of the paid amount |
| Cheque/Instrument Swap Charge | Rs. 500 | Rs. 500 |
| Documentation Charge | Rs.500 per instance | Rs.500 per instance |
| Issuance of Duplicate No Dues Certificate Charges | NIL | NIL |
| Registration Certification Collection Charge | NIL | NIL |
| Cheque Bounce/Instrument Return Charges | Rs. 150 +GST | Rs. 150+ GST |
| Issuance of Duplicate Statement Charges | Rs.500 | Rs.500 |
| Loan Cancellation/Re-booking Charges | NIL | NIL |
| Issuance of Credit Report | Rs.50 per instance | Rs.50 per instance |
Capital First Car Loan Documents Required
Salaried Individual
| Category | Documents Required |
| Identity Proof
(Any 1) |
Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof
(Any 1) |
Driving Licence Aadhaar Card Passport PAN Voter ID |
| Date of Birth Proof
(Any 1) |
Birth Certificate Passport Driving Licence PAN |
| Signature Proof
(Any 1) |
Passport Bankers Verification PAN |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last 3 months |
| Employment Continuity Proof | Work Experience Certificate ITR of Form 16 Salary Slip with Joining Date Appointment Letter Letter of Relieving |
Self-Employed Individuals
| Category | Documents Required |
| Identity Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Date of Birth Proof (Any 1) | Birth Certificate Passport Driving Licence PAN |
| Signature Proof (Any 1) | Passport Bankers Verification PAN |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last 3 months |
| Employment Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Business Proof | Current Account Statement Telephone Bill Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate Sales Tax or VAT Certificate Registered Lease Document with other utility bills |
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
| Category | Documents Required |
| Identity Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
| Bank Statement | Bank statement of last 3 months |
| Business Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Additional documents | Authority Letter/PAN cards |
2. Private Limited/Limited Companies
| Category | Documents Required |
| Identity Proof | Copy of Latest MOA Copy of Incorporation Copy of Latest AOA |
| Address Proof (Any 1) |
Current Account Statement
Telephone Bill Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate Sales Tax or VAT Certificate Registered Lease Document with other utility bills |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
| Bank Statement | Bank statement of last 3 months |
| Business Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Additional documents |
List of Directors and Shareholding Partners
PAN Card Board Resolution Certificate of Commencement of Business for Ltd. Co. |
Capital First Car Loan EMI Calculator
An applier has the choice to check the EMI’s before getting a Car Loan. Thus, you can easily check through the link below:
Capital First Car Loan Types
Capital First offers 3 types of car loans to its consumers. You have a choice of choosing the offer which suits your need the best. Capital First provides the following types of Car Loans:
- New Car Loan – If you want to buy a new car, this is the scheme for you. You can get a Car Loan from Capital First for a minimum of Rs. 10,000 and a minimum tenure of 7 years.
- Used Car Loan – If you want to purchase a used car then you can choose offers a minimum loan of Rs. 10,000 and a minimum tenure of 5 years.
- Loan Against Car – You can choose this proposal if you need urgent funds where you can keep your cars as collateral with the bank.
Capital First Car Loan Pre Calculated EMI
How to Apply for Capital First Car Loan? 
- Visit Dialabank and fill a form.
- Our Relationship Manager will contact you and guide you throughout the process.
- You can compare various offers from banks and choose the offer according to your suitability.
- So, you can easily apply for a Car Loan through Dialabank and enjoy best offers.
- Eligibility criteria for car loan is dicussed in the above contents
Capital First Car Loan for Top Selling Cars
Other Available Products from Capital First
| Capital First Personal Loan | Capital First Gold Loan | Capital First Home Loan |
| Capital First Credit Card | Capital First Two Wheeler Loan | Capital First Education Loan |
FAQs for Capital First Car Loan
✅ What is Capital First Car Loan?
Capital First Car Loan is a car loan for you which provides you funds for purchasing a new car and used car as well.
✅ How can I get Car Loan from Capital First?
You can get a car loan from Capital First by visiting the nearest Capital First branch. You will get the benefit to apply from anywhere.
✅How does Capital First Car Loan work?
Capital First works for providing funds for a car loan at attractive interest rates. You can avail a car loan easily and quickly. Capital First offers a flexible loan tenure period.
✅What is the Car Loan Interest Rate in Capital First?
The interest rate in Capital First for a car loan starts at 7.50%.
✅How to Check Car Loan status in Capital First?
You must visit the Capital First branch to check your car loan status. Also, you can use the net-banking services of Capital First to know your car loan status.
✅How to Calculate Car Loan interest in Capital First?
To calculate your car loan interest in Capital First, the information required is:
- Loan tenure
- Loan amount
- Interest rate
You can calculate your car loan interest and EMI in Capital First through the EMI calculator.
✅What is the maximum loan amount I can avail myself on a Car Loan from Capital First?
The maximum loan amount that you can avail of for a car loan from Capital First is up to 100% of the Car Price or up to Rs. 5 lakh.
✅What is the loan tenure of Capital First Car Loan?
The loan tenure of Capital First ranges between 1 to 7 years.
✅Can I get 100% Car Loan from Capital First?
Yes, you can get loan up to 100% Car Loan from Capital First.
✅How much processing fee is applicable to Capital First Car Loan?
2% of the loan amount is the processing fee applicable to Capital First for getting a car loan.
✅What are the EMI options available on Capital First Car Loan?
The EMI option available on Capital First car loan is Step-up EMI.
✅What are the charges for Prepayment in Capital First Car Loan?
The prepayment charges in Capital First is 4% of the principal outstanding for availing a car loan.
✅Can I get a top-up loan on my existing Capital First Car Loan?
Yes, you can get a top-up loan on your existing Capital First car loan. Also, get a top-up car loan by visiting the online platform of Dialabank.
✅Do I need to provide a guarantor to avail a car loan from Capital First?
No, there is no need for a guarantor to avail a car loan from Capital First.
✅How to get a Capital First Car Loan Statement?
For getting a car loan statement of capital First, you can utilize Capital First’s mobile banking app. Also, visit the nearest Capital First branch.
✅How to pay Capital First Car Loan interest online?
You can pay your car loan interest using the net-banking services of Capital First. If you want a low-interest car loan, you must visit Dialabank online.
✅What if I can’t pay the interest on Capital First Car Loan for 3 months?
If you can’t pay the interest on Capital First Car Loan for 3 months, then it will add up to the outstanding loan amount and repayment charges will reframe.
✅How can I apply for EMI Moratorium on Capital First Car Loan?
You can apply for EMI Moratorium on Capital First through visiting the nearby branch of Capital First or you can submit a request through an email. Also, if you want relief for the balance duration, you must apply through Dialabank.
✅What is the number for Capital First Car Loan agent?
The number for Capital First Car Loan agent is 9878981166.
✅Can I close the Capital First car loan online?
You can close your car loan from Capital First by using Capital First’s net-banking page. You have to log in with your details on the net -banking page and pay your car loan.
✅What is Capital First Car Loan Customer Care Number?
The customer care number of Capital First for car loan queries is 9878981166.
✅How can I get NOC from Capital First for a car loan?
You can get a car loan NOC from Capital First when you will pay your car loan amount.
✅ What is the Capital First Car Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the Capital First Car Loan account.
- Pay the pre-closure charges as per Capital First Car Loan.
✅ What is the Capital First Car Loan preclosure charges?
Capital First Car Loan preclosure charges are 2% of the outstanding principal.
✅ What is the Capital First Car Loan maximum tenure?
The Capital First Car Loan maximum tenure is 7 years.
✅ What is the Capital First Car Loan minimum tenure?
The Capital First Car Loan minimum tenure is 1 year.
Table of Contents
- 1 Capital First Car Loan Key Features – Jan 2021
- 2 About Capital First Car Loan
- 3 Capital First Car Loan Eligibility
- 4 Capital First Car Loan Interest Rate, Fees, and Charges
- 5 Capital First Car Loan Documents Required
- 6 Capital First Car Loan EMI Calculator
- 7 Capital First Car Loan Types
- 8 Capital First Car Loan Pre Calculated EMI
- 9 How to Apply for Capital First Car Loan?
- 10 Capital First Car Loan for Top Selling Cars
- 11 Other Available Products from Capital First
- 12 FAQs for Capital First Car Loan
- 12.1 ✅ What is Capital First Car Loan?
- 12.2 ✅ How can I get Car Loan from Capital First?
- 12.3 ✅How does Capital First Car Loan work?
- 12.4 ✅What is the Car Loan Interest Rate in Capital First?
- 12.5 ✅How to Check Car Loan status in Capital First?
- 12.6 ✅How to Calculate Car Loan interest in Capital First?
- 12.7 ✅What is the maximum loan amount I can avail myself on a Car Loan from Capital First?
- 12.8 ✅What is the loan tenure of Capital First Car Loan?
- 12.9 ✅Can I get 100% Car Loan from Capital First?
- 12.10 ✅How much processing fee is applicable to Capital First Car Loan?
- 12.11 ✅What are the EMI options available on Capital First Car Loan?
- 12.12 ✅What are the charges for Prepayment in Capital First Car Loan?
- 12.13 ✅Can I get a top-up loan on my existing Capital First Car Loan?
- 12.14 ✅Do I need to provide a guarantor to avail a car loan from Capital First?
- 12.15 ✅How to get a Capital First Car Loan Statement?
- 12.16 ✅How to pay Capital First Car Loan interest online?
- 12.17 ✅What if I can’t pay the interest on Capital First Car Loan for 3 months?
- 12.18 ✅How can I apply for EMI Moratorium on Capital First Car Loan?
- 12.19 ✅What is the number for Capital First Car Loan agent?
- 12.20 ✅Can I close the Capital First car loan online?
- 12.21 ✅What is Capital First Car Loan Customer Care Number?
- 12.22 ✅How can I get NOC from Capital First for a car loan?
- 12.23 ✅ What is the Capital First Car Loan closure procedure?
- 12.24 ✅ What is the Capital First Car Loan preclosure charges?
- 12.25 ✅ What is the Capital First Car Loan maximum tenure?
- 12.26 ✅ What is the Capital First Car Loan minimum tenure?
