Capital First Loan Against Property

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About Capital First

Capital First is India's leading Financial Institution specialized in offering debt financing to the consumers as well as MSMEs. The NBFC offers a comprehensive range of financial products and services to meet the financial needs of the consumers. The loan products offered could be used for business expansion, loans for plant and machinery, and others. Capital First has successfully built a large network offering financial services in more than 222 locations across the country.

About Capital First Loan Against Property

Expenses are uncertain and sometimes you require urgent funds to meet them. Capital First is a non-banking financing corporation that offers Loan Against Property (LAP) that could be used to meet various personal and professional needs. Loan Against Property from Capital First can be obtained by pledging the property as mortgage. You can pledge commercial, residential or industrial property to get a loan subject to Capital First policy parameters.

Loan Against Property Features & Benefits

  • Loan Amount: The loan amount ranges from Rs. 5 lacs to Rs. 10 crore. However, the amount varies based on the property value.
  • Loan Tenor: Capital First LAP has a flexible loan tenor that can go up to 15 years.
  • Loan to Value: The maximum LTV (Loan to value) can go up to 70% of the property value. 
  • Processing Fee: Capital First charges a minimal processing fee for a loan that can go up to 1% of the loan amount.
  • Type of Property: The Loan Against Property from Capital First can be obtained against residential, commercial and industrial property.
  • Flexible Repayment Options: The loan can be repaid via flexible repayment options including equated monthly instalments (EMI), PDC (Post Dated Cheques), and ECS.

Capital First Loan Against Property Eligibility Criteria

Who can Apply?: Loan Against Property can be applied by sole proprietor, partnership firm, micro small and medium enterprises, salaried, and self- employed professionals.

Business or Job Experience: Salaried individuals must have at least 3 years of experience in the current organization he is working and at least 2 years of experience is required for self-employed professionals in the business.

Age: The minimum age for applying LAP from capital First is 23 years and above. The borrower should be at least 70 years of age or retirement (whichever is earlier) at the time of loan maturity.

CIBIL Score/ Credit History: The borrower must have sound repayment record on past loans, credit card monthly payments and loan instalments. Along with the sound past credit record the borrower must possess good CIBIL Score.

Capital First Special Services and Schemes

To meet the specific financial needs of the customers Capital First has designed a complete suite of services. The borrower can apply a loan under one of the following schemes and services:

Schemes:

  • Normal Income Program: Under this scheme, the borrower can obtain a loan as per his financial statements.
  • Debt Consolidator: This scheme is beneficial in case the borrower has multiple loans. Under the scheme, multiple loans can be consolidated into single EMI. The additional loan can also be obtained under this scheme including:
  • Balance Transfer Programs
  • Repayment track record
  • Assessed Income Program
  • No Income Program
  • High Equity Program

Services:

  • Document Custodial Facility: Property documents are important and to safeguard it from theft Capital First has tied up with one of the leading storage facilities in India that provides safety and security of the property documents.

 

                                             

Capital First Loan Against Property Documentation

Following documents are required for Loan Against Property from Capital First:

 Type of Document Salaried Employees Self- Employed  
  Application Form   Application Form along with 2 passport size photos signed across    Application Form along with 2 passport size photos signed across
  Identity Proof 

  Any one of the following:

  • Aadhar Card
  • Passport
  • Voter ID
  • Driving License
  • PAN Card
 

  Any one of the following:

  • Aadhar Card
  • Passport
  • Voter ID
  • Driving License
  • PAN Card
  Address Proof 

  Any one of the following:

  • Aadhar Card
  • Ration Card
  • Telephone Bill
  • Electricity Bill
  • Bank Passbook
  • Driving License
  • Passport Copy
  Rent Agreement 
 

  Any one of the following:

  • Aadhar Card
  • Ration Card
  • Telephone Bill
  • Electricity Bill
  • Bank Passbook
  • Driving License
  • Passport Copy
  Rent Agreement
  Age Proof 

  Any one of the following:

  • PAN Card
  • Passport
  Any certificate of statutory authority
 

  Any one of the following:

  • PAN Card
  • Passport
  Any certificate of statutory authority
  Bank Statement 
  • Salary Slips (Latest 3 months)
  • Bank Passbook (Latest 6 months
 Bank Passbook (Latest 6 months)
  Financials  
  • Form 16
  • ITR of last 3 years
 
  • Balance Sheet (Last 3 years)
  • Profit and Loss Statement (Last 3 years)
  • ITR (Last 3 years)
  Other Documents  Property Documents (Copy of title of the property) 
  • Property Documents (Copy of title of the documents)
  • Proof of business existence 

  • Interest Rate 9.5% - 11%
  • Loan Amount20L - 30Cr
  • Processing Fee 0.75% - 1%
  • TenorUpto 15 Years

  • Quick Apply

Capital First Loan Against Property Fees & Charges

  Capital First LAP Processing Fee- Up to 1%

  Capital First LAP Foreclosure Charges- 4% of outstanding loan amount

Other Available products from Capital First

  • Personal Loan
  • Business Loan  
  • Home Loan Against Property
  • Home Loan

EMI CALCULATOR

EMI Calculator

EMI Calculator

Loan EMI

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