Capital First Loan Against Property

Loan loanAgainstProperty-capital-first

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What is Loan Against Property?


'Loan Against Property', also known as LAPs is one of the variants of personal loan. This is a type of secured loan which comes handy in times of immediate financial needs. As per the name, the borrower can apply for loan from banks or NBFCs by giving their property as collateral. The type of property can be residential or commercial which is in current use. A borrower can keep one or more properties as collateral which belongs to him or her. Banks or NBFCs evaluate the current value of the particular property and give the loan amounting 40% - 60% of the land value. Even though your property is kept as a mortgage to the financial institution, you are allowed to live in or use the property as you desire.

Why to choose Capital First for Loan Against Property?


Capital First Limited, listed in NSE and BSE, is a leading Indian financial institution, specializing in providing debt financing to MSMEs and Consumers in India. The company enjoys the highest long term credit rating of AAA. It is the leading financial institution in India to give away personal loan. Capital first gives loan against property amounting from Rs. 5,00,000 to Rs. 10 Crore. Their loan tenure is up to 15 years and they give loan up to 70% of property's market value.

What is the Capital First's Interest Rates for Loan Against Property?


Capital First offers interest rate for LAP between 12% to 13.50%. They also apply a processing fee as minimum as 1% of the loan amount plus tax. Foreclosure charges of 4% on outstanding amount are also charged with tax.

For what purposes you can use Capital First's Loan Against Property funds?


  • Various consumers need a loan for various reasons. You can get Capital First's loan against property for any of the below mentioned reasons:
  • For funding business and expanding your business
  • To purchase new property/land by mortgaging existing property
  • For marriage
  • To fund emergency medical treatments
  • To fund higher studies
  • To fund a vacation
  • For home renovation or expansion

What are the features of Capital First's Loan Against Property?


  • There are many reasons behind the popularity of taking LAP loans. Go for LAP loans by choosing any one or all from below.
  • Capital First's loan against property is a type of secured loan. A borrower has to mortgage the residential or commercial property for loan against property.
  • You can get loan against property by keeping residential as well as commercial properties as mortgage.
  • The interest rates on this loan are decided considering various aspects of applicant's profile. Like applicant's monthly salary, amount taken as loan etc. As this is a type of secured loan, Capital First offer lower rate of interest.
  • This is a long tenure loan as the repayment period is as long as 15 years. Capital First offers higher loan amount for longer tenure with enchanting interest rates as compared to other loan plans.
  • The process of obtaining Capital First's loan against property is very quick and hassle free.
  • Mortgage loans prove to be the best way to debt consolidation. That mean you can pay of your multiple debts by bringing them under a singular debt.
  • You can use your collateral property while repaying the Capital First's LAP, unlike gold where the gold ornaments remain with the banks or NBFCs and you don't get them back until the loan is paid in full.
  • If the property is owned by partners or directors of a company, it can be taken in the name of that firm.
  • Borrower can avail loans up to Rs. 15 crore against property, if they apply for LAPs. The minimum amount Rs. 5,00,000.

What are the Eligibility Criteria to avail a Capital First's Loan Against Property?


Capital First offers loan against property to borrowers who fulfill their designed eligibility. The Eligibility Criteria changes as per the profile of the borrower. But there are some commonalities which you have to follow or acquire to get a loan against property from Capital First.

  • Capital First gives loan against property by dividing their customer's profession and their income history. The common and generic factors are listed below:
  • The borrower has to be an Indian citizen.
  • Professional stability and savings history of the borrower also play a major role in approval of Capital First's loan against property.
  • The borrower should have a good credit history at his/her disposal withproven track record of timely loan EMI and credit card bill repayment.
  • The eligibility is also decided on the value of your mortgaged property.
  • The property should currently exist and should be in applicant's name. The loan can be taken as co-applicants if the property is registered under multiple names.

The Eligibly Criteria for Capital First's loan against property also changes based on applicant's profession. The details of the same are given below:

  • Salaried Applicant
  • The applicant should be a permanent employee with the government or a reputed company.
  • The applicant should be an employee with the existing company or government for minimum 3 months.
  • The minimum age to avail loan against property for salaried applicant is around 24 to 25 years.
  • The applicant should currently be employed with existing organization.
  • The applicant should also have a good CIBIL score.
  • Professional Applicant/ Self-Employed Applicant
  • This category is further divided into two:

    Self-Employed Professional: Doctor, architect, chartered accountant, etc.

    Self-Employed Non-Professional: Trader, commission agent, contractor etc.
  • The minimum age to avail Capital First's loan against property for professional applicant is 25 years and the maximum age has to be 65 years.
  • The applicant should be involved in his/her business for 3 years.
  • The applicant should be filing income tax returns regularly.
  • The property which is being mortgaged also has to be eligible to be kept as collateral to Capital First. The property eligibility criteria are given below:
  • The property which will be kept as collateral should not be involved in any legal tangles.
  • The property should have clear titles registered in the name of the applicant.
  • The market value of the given property should be higher as the loan amount you'll get will depend on the current value of property.
  • The property should not be kept as a mortgage with any other financial institution while applying for loan.

What are the Documents Required to avail Capital First's Loan Against Property?


The list of documents for availing Capital First's loan against property changes whether you're a salaried applicant or a self-employed professional/ businessman. The process of getting a loan against property can be made easier if you know exactly what documents you need to submit with your application. The documents are filed according to the eligibility criteria. Below given is a generic list of required documents to get Capital First's loan against property:

  • Documents Required for Salaried Applicant:
  • Neatly signed and filled loan against property application form.
  • Passport-size photographs.
  • Identity and signature proof - Passport, Pan card, Driving License, Voter ID card, Aadhar card, employee identity card in case of government employees.
  • Address Proof - Bank statement, Rent Agreement, Voter ID card, Ration card, Passport, Driving License, telephone/electricity/water/credit card bill or Property tax.
  • Age Proof - Voter ID card, Secondary school leaving certificate (class 10), birth certificate, Passport, Aadhar Card, pension payment order or receipt of LIC policy.
  • Salary slips of last 3 months from application date.
  • Form-16 issued by current employer.
  • Bank statements of last 6 months from application date.
  • Copy of details of all existing loans.
  • IT Returns of the three years preceding the one in which loan is applied for.
  • Proof of educational qualification which includes certificates, degrees, diplomas, and other academic credentials.
  • Documents Required for Self-Employed Businesspersons:
  • Neatly signed and filled loan against property application form.
  • Passport-size photographs.
  • Identity and signature proof - Passport, Pan card, Driving License, Voter ID card, Aadhar card, employee identity card in case of government employees.
  • Address Proof - Bank statement, Rent Agreement, Voter ID card, Ration card, Passport, Driving License, telephone/electricity/water/credit card bill or Property tax.
  • Age Proof - Voter ID card, Secondary school leaving certificate (class 10), birth certificate, Passport, Aadhar Card, pension payment order or receipt of LIC policy.
  • Proof of educational qualification which includes certificates, degrees, diplomas, and other academic credentials.
  • Business proof (registration of business)
  • Copy of ITR/Assessment Orders of 3 years
  • Copy of challans proving that Advance Income Tax has been paid.
  • Copy of details of all existing loans.
  • Bank statements of last 6 months from application date.

Why Choose Ruloans To Apply For Loan Against Property from Capital First?


Ruloans is India's fastest growing financial distributors. A comprised team with mammoth experience in finance and internally developed highly proficient Loan Calculator algorithm, we are pledged to offer solutions to all your financial needs. Borrowers can apply for Capital First's loan against property with Ruloans' latest online application process. We help you borrow right.

Hassle free process

We have developed an efficient, smooth and easy process for our consumers to get Capital First's loan against property. Our easy to use online procedure allows consumers to apply documents quickly. Our highly proficient Loan Calculator also guides the consumers to embark on a hassle free process.

Benefits of applying with us

We value our consumers and are always on our toes to give them benefits of our expertise. Applying for Capital First's loan against property with us, gives you a chance to avail the best offers and deals from Capital First.

Compare your loan options

You can compare interest rates, offers and services on our online portal. This will guide you to make the right choice and choose the right lender for your loan as per your budget.

Free expert guidance and advice

Our financial experts are always ready to give you the perfect advice. These highly trained professionals in finance know the back and forth of the industry. Our dedicated team of experts will help you at any given time, without charging a dime.

Privacy policy

We, at Ruloans understand the value of your documents and keeping them safe and private. Your loan applications are processed electronically with complete privacy and transparency.

How to Apply For a Loan Against Property from Capital First on Ruloans?


  • Applying for Capital First's loan against property on Ruloans involves few easy steps:
  • Step 1: Go to the 'Capital First LAP' page on our website and click on 'Apply Now' box.
  • Step 2: Fill out the initial personal and financial information. Once completed, our loan calculator checks your eligibility with its highly efficient algorithm.
  • Step 3: Our loan calculator presents you a list of required documents along with interest rates.
  • Step 4: You can start filling up the form and upload the required documents. Here, if needed, you can call or mail our experts for advice. The contact details are given on our website.
  • Step 5: Your application will be sent electronically to Capital First. You will be informed about the status of your application via SMS, email or you can track it via website too.

Frequently Ask Questions


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