Instant Personal Loan From Capital First

Personal Loan

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About Personal Loan


An Instant Personal Loan refers to money that is borrowed from a financial institution, for personal (not professional or business) use. In opposition to larger and long-term loans, personal loans are taken into relatively short to medium terms. Generally personal loans are used to pay for one-time or short term expenses where a borrower (the person who is getting the loan) doesn't normally require disclosing the specific reason for the loan. This type of loan is used by many to resolve their current financial needs. An Instant Personal Loan is taken for tenure of one to five years. Also these require lowest formalities and no collateral or security.

It is a type of unsecured loan which can be availed on the basis of various criteria. Level of income, employment history, credit score and scope for repayment are those specific criteria. Considering these criteria and lender, the APR (Annual Percentage Rate) of personal loan can be anywhere between 11.29% to 35%.

Why Should You Take A Personal Loan from Capital First?


In every individual's life there comes a moment where you urgently need a specific amount of money which can't be covered by your savings. The amount can be needed for any personal reason like home or vehicle repair, to pay unexpected medical bills, for wedding, travel, credit card outstanding balance transfer etc. Here the option of getting this desired amount via Instant Personal Loan comes extremely handy. 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 Instant Personal Loan.

Why Choose Ruloans To Apply For Personal Loans 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 Instant Personal Loan 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 a capital first personal loan. Our easy to use online procedure allows consumers to upload 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 a capital first personal loan with us, gives you a chance to avail the best offers and deals from capital first.

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..

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.

What are the Features & Benefits of getting a Personal Loan from Capital First?


There are many reasons behind the popularity of taking Instant Personal Loan from capital first. Go for personal loans by choosing any one or all from below…

They have easy availability

The main reason behind the popularity of capital first Instant Personal Loan is untroublesome availability. The capital first personal loan can be acquired within 24 to 48 hours of loan application and submission of required documents.

They need minimum documentation

Unlike the other long term or larger loans, capital first personal loans require very little documentation. Thus these loans are approved quickly without any hassle.

You get expeditious loan approval

As many financial institutions offer personal loans and capital first require minimum documentation, they are approved quickly. When it comes to online personal loan approval, they are approved quickly where as the paper approval takes not more than one to two working days. The mechanism of approving personal loan is very easy, efficient and hassle free.

You can consolidate your debts

When it comes to financial debts, we strongly recommend clearing off a high-interest debt by taking a low-interest debt. If you happen to have multiple debts, you can combine them under one umbrella. By opting for a personal loan, you can pay off your multiple debts and be answerable to only one, which is a more hassle-free solution! Also you can clear your credit card bills by choosing capital first personal loan for a balance transfer. This will allow you to enjoy lower interest rates.

You can take multi-purpose loan

The fund from capital first personal loan can be used for any purpose. Be it a wedding or medical expenses; renovation or personal bulk shopping, you can use these funds as they suit you. They can mainly be used to overcome any financial adversaries. Borrower can apply and access the loan amount without disclosing the purpose of the same.

You don't have to offer any collateral

To get approval on a capital first personal loan, you do not need to offer any collateral or guarantee. Capital first approves personal loan on the basis of borrower's income details and financial history. As you do not require offering your fixed assets as mortgage or collateral, you can access the loan easily.

It offer you adjustable sum of loan

Based on various criteria like level of income, employment history, credit score and scope for repayment, the borrower can get a capital first personal loan ranging anywhere between Rs. 1,00,000 to Rs. 15,00,000.

You're rewarded with flexible payback option

To payback your personal loan, capital first offers you a tenure ranging from 1 year to 5 years. Thus it is easy for the borrower to pay back the loan with easy EMI policies. Though this depends on the amount of loan, it is always a better option from other types of loans.

Varied interest rate

Depending on eligibility criteria, the borrowed sum, payback tenure, the interest rate varies on personal loan. Capital first offers 15% to 20% interest rate for salaried applicants and 22% on self-employed applicants.

What are the Eligibility Criteria to avail a Personal Loan?


Banks offer personal loans to customers who fulfill their designed eligibility. The eligibility criteria changes from bank to bank and the profile of the borrower. But there are some commonalities which you have to follow or acquire to get a personal loan from any bank. Banks give personal loans by dividing their customer's profession and their income history. You can refer the following table for a gross understanding of bank's eligibility criteria:

Particulars

Age

Income

Minimum Loan Amount Approved

Maximum Loan Amount Approved

Loan Tenure

Salaried Borrowers

21 years to 60 years

Rs. 15,000 (Rs. 20,000 in metros)

Rs. 75,000

Rs. 15,00,000

12-72 months

Self-Employed Borrowers

23 years to 60 years

Turnover of minimum Rs. 24,00,000 (differs for professional and non-professional)

Rs. 75,000 to Rs. 3,00,000

Rs. 15,00,000 to 20,00,000

12-48 months

*The eligibility criteria differ from bank to bank. The above details are generic, not specific.

What are the Documents Required to avail a Personal Loan?


Particulars

Identity Proof

Address Proof

Bank Statement

Additional Documents

Salaried Borrowers

Passport, Driving License, Voters ID or PAN Card

Passport or utility bills

Salary slips for last 3 months,2 year employment continuity document

Self-Employed Borrowers

Passport, Driving License, Voters ID or PAN Card

Last 6 months

Proof of highest professional degree,Latest Income Tax Return Balance sheet,Profit and Loss for last 3 years certified by CA

*The list of documents differs from bank to bank. The above given list is generic, not specific.

How can you repay your Personal Loan?


Interest rates

Capital first personal loans are easy to pay back. Depending on eligibility criteria, the borrowed sum, payback tenure, the interest rate varies on personal loan. Capital first offers 15% to 20% interest rate for salaried applicants and 22% on self-employed applicants.

Easy EMI

Capital first offers their customers to use ultra modern facility of EMI calculator. The calculator comes with two scales: loan amount and tenure. Here borrowers can choose their desired loan amount and tenure to pay it off. The calculator tells you the interest rate, processing fee and can help you to choose most suitable loan option as per your budget.

Flexible tenure

You can pay off the loan in tenure of 1 to 5 years

By ECS

The payment of decided EMI is done through auto debit or ECS facility offered by capital first.

How to Apply For an Instant Personal Loan on Ruloans from Capital First?


Applying for a capital first personal loan on Ruloans involves few easy steps:

Step 1: Go to the 'Capital First' 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 document 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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