Capital Small Finance Bank Personal Loan Key Features Nov 13 2024
| Eligibility Criteria | Details |
| Age | 21-58 years |
| CIBIL Score | 750 and above |
| Capital Small Finance Bank Personal Loan Interest Rate | 9.99% p.a. |
| Lowest EMI per lakh | – |
| Tenure | 6- 84 months |
| Capital Small Finance Bank Personal Loan Processing Fee | 1% of the loan amount |
| Prepayment Charges | As per the bank’s decision |
| Part Payment Charges | As per the bank’s decision |
| Minimum Loan Amount | 1 lakh |
| Maximum Loan Amount | 50 lakhs |
Capital Small Finance Personal Loan Interest Rates and Charges
| Capital Small Finance Bank Personal Loan Interest Rate | 9.99% per Annum |
| Capital Small Finance Bank Personal Loan Processing Charges | 1% of Loan Amount |
| Prepayment Charges | 36 months: 2% of loan principal outstanding”}”>NIL |
| Stamp Duty | As per state laws |
| Cheque Bounce Charges | As per bank terms |
Capital Small Finance Bank Personal Loan Status
You can track the status of your Capital Small Finance Bank personal loan by using the following methods :
- You could visit the nearest loan branch and ask the bankers for the same.
- Log In to the bank’s net banking portal, click on the loans from the top icon and click on enquire to monitor the status of your personal loan.
- Search for ‘personal loan status’ on google, click on the first link which will guide you to the loan status tracker webpage of Capital Small Finance Bank, and fill in the required information to track the status of your loan.
Capital Small Finance Bank Personal Loan Eligibility Criteria
The eligibility criteria may vary between Salaried and Self-Employed.
| CIBIL score Criteria | 750 and above |
| Age Criteria | 21-58 years |
| Min Income Criteria | 25,000/- |
| Occupation Criteria | salaried/self-employed |
Capital Small Finance Bank Personal Loan Fees and Other Charges
| Capital Small Finance Bank Personal Loan Interest Rate | 9.99% per annum |
| Capital Small Finance Bank Personal Loan Processing Charges | 1% of the loan amount |
| Prepayment Charges | 36 months: 2% of loan principal outstanding”}”>2% to 4% |
| Stamp Duty | As per state laws |
| Cheque Bounce Charges | Rs. 550/chq + GST |
| Penal Interest | 2% |
More About: Interest Rates on Personal Loan
Capital Small Finance Bank Personal Loan Documents Required
| Form | Duly filled application form |
| Proof of Identity | Passport\n> Driving License\n> Aadhar Card\n> Voter ID Card”}”>Passport copy, copy of your driving license, Aadhar card, and voter ID card |
| Proof of Address | Rental agreement (should be staying in that place for at least 1 year), copy of the utility bills, passport copy (to show the proof of permanent residence), and ration card. |
| Proof of Income | ITRs: Last two Assessment years\n> Salary Slip: Last 6 months\n> Bank Statement: Last 3 months”}”>Income tax return after the two assessment years, the salary slip of the past 6 months, and the bank statement of the last 3 months. |
Capital Small Finance Bank Personal Loan EMI Calculator Nov 13 2024
Click here to know more about- EMI Calculator
Capital Small Finance Bank Personal Loan Compared to Other Banks
| Particulars | Capital Small Finance Bank | HDFC Bank | Bajaj Finserv | Axis Bank | Citibank | Capital Small Bank finance |
| Interest Rate | 9.99% | 11.25% to 21.50% | Starting from 12.99% | 15.75% to 24% | Starting from 10.99% | 11.50% to 19.25% |
| Tenure | 6 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months |
| Loan amount | Up to Rs.50 lakhs | Up to Rs. 40 lakh | Up to Rs. 25 lakh | Rs. 50,000 to Rs. 15 lakh | Up to Rs. 30 lakh | Up to Rs. 20 lakh |
| Processing Fee | 1%-2% | Up to 2.50% of the loan amount | Up to 3.99% of the loan amount | Up to 2% of the loan amount | Up to 3% of the loan amount | Up to 2.25% of the loan amount |
Why should you apply for Capital Small Finance Bank Personal Loan with Dialabank?
Dialabank helps you in choosing the best of banks by giving you the updated market contrast of other banks so that you can make the right decision. At Dialabank we have assisted thousands of borrowers to take the loan that they want without any hassle and look forward to doing so. Apply today to get special offers and deals on Capital Small Finance Bank personal loans.
You can call us on 9878981166 to get a Capital Small Finance Bank personal loan.
How to Calculate EMIs for Capital Small Finance Bank Personal Loan
These are the information that is required to calculate your Capital Small Finance Bank personal loan EMI: The amount of the loan, the rate of interest, and the loan period.
Enter these values in the calculator below to find your monthly EMIs:
Capital Small Finance Bank Personal Loan Processing Time
Processing time would tell you how long it would take to process an application under normal situations. It usually starts on the day we receive the application from the bank and ends when we make the decision regarding what loan we want and the amount to get credited.
Capital Small Finance Bank Personal Loan Preclosure Charges
This depends on the bank and the amount borrowed by the borrower.
Documents required for Capital Small Finance Personal Loan Pre-closure
Generally, the following documents are required to foreclose your Capital Small Finance Bank personal loan:
- A valid photo identity proof
- Loan Account Statement
- Cheque/ demand draft/ cash to make the payment
Capital Small Finance Bank Foreclosure Benefits
Given below are a few key benefits of foreclosing your Capital Small Finance Bank personal loan:
Foreclosure / Full Prepayment
- Helps you save on the overall interest payout.
- Frees you from the burden of regular loan repayments.
Partial Prepayment
- It enables you to save on the interest component.
- You also have the advantage of either paying a reduced EMI amount or having a shorter loan tenure.
Capital Small Finance Bank Prepayment Facility
The bank also offers a prepayment facility to help the customers pay off the entire outstanding or a part of it. If you have a surplus amount of money in hand and meeting the below criteria then you can pay a part of your principal outstanding amount to reduce the same. This will also help in saving interest accrued on the principal amount. Know more about this facility below.
Note:
- Prepayment will be allowed subject to the successful payment of the first 12 EMIs.
- Prepayment will be allowed a maximum of twice during the entire tenure of the loan.
- Prepayment is allowed only once a year.
- At any point in time, the prepayment will not exceed 25% of Principal Outstanding.
Charges to be paid on Prepayment
- 13-24 Months – 4% of the outstanding loan balance.
- 25-36 Months – 3% of the outstanding loan balance.
- More than 36 Months – 2% of the outstanding loan balance.
Pre Calculated EMI for Personal Loan
Capital Small Finance Bank Personal Loan for Salaried Employees
Capital Small Finance Bank offers Personal Loan for Salaried Employees at attractive rates of interest. The amount that you get a loan depends on the Company that you work for, The take-home salary of the employee, and the city of residence of the employee. Capital Small Finance Bank offers these loans for a tenure of 12-60 months and provides instant approval along with funds to pre-approved customers.
Capital Small Finance Bank Personal Loan for Self Employed Individuals
Capital Small Finance Bank’s Personal Loan for Self Employees is a loan product offered to self-employed individuals and in need of funds. The bank provides them with attractive rates of interest on their personal loan and tenure of 12-60 months. However, as compared to Salaried Employees, you have to present more documents here as you need to provide the bank with sufficient documents related to your business to prove its continuity as well as your steady income.
Capital Small Finance Bank Personal Loan for TCS Employees
- Exclusive personal loans with a reasonable interest rate of 11.25% p.a.
- EMI for personal loans starts at Rs.2178 per lakh when terms and conditions are met.
- The hassle-free documentation process for TCS employees.
- Pre-approved personal loans for eligible TCS employees.
- Interest rate starting at 11.99% p.a for superbike loans.
- Great offers on home loans with an interest rate of 9.45% p.a and discount interest rate for women at Rs.9.40% p.a.
Capital Small Finance Bank Moratorium Process
The process to stop your loan EMIs at Capital Small Finance Bank is as follows-
- Visit the Capital Small Finance Bank website or use the mobile app
- Click on the link where the option of moratorium period is popping out
- On the application page, mention your registered mobile number, name, email address
- After that enter your date of birth and select the type of loan
- Enter your loan number and mention your EMI amount
- Then make a decision and choose a suitable service
- Click on the EMI deferment option that says I agree to pay the accrued interest on the outstanding balance
- Click on the ‘Submit’ button
- The bank will check the details thoroughly and process your moratorium request
- You’ll be given a reference upon the successful completion of the process on your registered mobile number and email address
However, if you don’t want to defer EMI, you must click on the second option after the deferment option. This will ensure EMI payments are as scheduled with no extra interest charged on them.
Capital Small Finance Bank Personal Loan Special Pricing
If a customer is looking for INR 15 lakh of the loan amount or more than that below rates would be applicable.
| Loan Amount | IRR | Processing Fee (+GST) |
| Loan amount >=15 lakh* | 10.50% | INR 3999 |
*Terms & conditions apply
This offer is not applicable for Top-up/ Enhancement/ Existing loan amount closure.
If a customer is looking for a Balance transfer and a fresh loan of above INR 10 lakh above, the below offer is available.
| NTH | Loan Amount | IRR | Processing Fee (+GST) |
| >=50000 | Loan amount >=10 lakh* | 10.50% | INR 3999 |
*Terms & conditions apply
- Not applicable on Existing loan closure
- Not applicable for Credit card BT
How to Manage a Personal Loan
Here are the 4 tips that will help you manage your loans:
1. Pay On-Time – The first step is to avoid late fees and penalties. The best way to do that is by paying your monthly payments on time every month. This also hits the credit score. These are needless and all too common consequences that will work against your financial condition. If you have just taken a personal loan or are about to, the best way to manage your loan is by making a monthly payment on your loan as soon as you receive the loan. By being a payment ahead of your instalment plan you will have a buffer against a missed payment.
2. Pay More Than Your Minimum – Paying beforehand is a good option for managing your plans but paying a little extra every month keeps you ahead of your loan term and provides you with some other financial bonuses. Moreover, paying extra on your loan reduces the length of the repayment plan. This will help you clear the debt and allows you to regain your financial independence sooner. It will also reduce the rate of interest you owe and thus, saving you money in the long run. Paying off your debts faster also leads to an improvement in your credit score. A lower credit score will benefit you in several ways, like dropping down payments and rates of interest.
3. Consolidate Your Loans – For debtors managing multiple personal loans, consolidation could be the best way to simplify your debt repayment. Debt Consolidation is when you take a large loan to repay all the other loans you have taken. So, instead of paying multiple lenders every month with different rates of interest and needs, one can make a single payment to one provider. Debt Consolidation is helpful if you can save an interest rate on a new loan that is lower than the average interest rate of the earlier loans. The only disadvantage that lies here is that one will likely end up having to reimburse the debt quicker than before. Before consolidating your debt, make sure that you can make the payments on a new loan. This may also help to reimburse large portions of your loans on credit rather than with a single loan, consolidating it into more controllable pieces.
4. Credit Score – Last but not least, always keep a close watch on your credit score while reimbursing a personal loan. The credit score plays a major role in finances and has an important relationship with the loans taken out. How you manage your loans is reflected in your credit score. On the other hand, falling behind on your payments will subordinate the credit score. Thus, a higher credit score is important.
Different Offers For Capital Small Finance Bank Personal Loans
Capital Small Finance Bank Doctor Loan
Capital Small Finance Bank offers special Personal Loans to Doctors who require funds. Bank gives them loans ranging from Rs. 50000 to Rs. 50 lakhs for a tenure of 12-60 months at interest rates starting from 11.25%. There are certain eligibility criteria’s for availing of this loan:
- The credit score should be at least 650.
- Age should be 25-65 years.
- Medical Experience – More than 4 years (as a doctor).
Capital Small Finance Bank Marriage Loan
Capital Small Finance Bank offers a Personal Loan for Marriage to solve people who are facing a shortage of funds for their or their close one’s marriage. There is no restriction on using this loan amount and can be used for anything from wedding banquets to makeup or stylists, etc. You get these amounts quickly within seconds if you are a pre-approved customer with the bank or as quickly as 4 hours in some cases. The bank charges an attractive interest rate and gives you the option of choosing the loan tenure.
Capital Small Finance Bank Personal Loan Offers for Government Employees
| Offers By Government | Number of Companies | Processing Fee(% of the Loan Amount | IRR |
| Miniratna, Navratna, and Maharasthra | 55 | 1.50% | 13.49% |
| 11.49% | |||
| 10.99% | |||
| Pensioner | All | 1.50% | 14.75% |
| Employees from the Railway Department | All | 1.50% | 16.50% |
| 15.00% | |||
| 14.25% | |||
| CISF, CRPF, ITBP, SSB, and BSF | All | 1.50% | 14.75% |
State and Central Government Officers:
| Section | Salary | Processing charge | IRR |
| Government Officer Division A (GA) and Division B (GB) | NTH>24k | 2% | 16.75% |
| NTH>35k | 2% | 15% | |
| NTH>50k | 1.75% | 14.75% |
Capital Small Finance Bank Personal Loan for Pensioners
Capital Small Finance Bank offers special plans for Pensioners looking out for Personal loans. They provide good funding at attractive rates of interest to pensioners. Some of the features of Capital Small Finance Bank Personal Loan for Pensioners are listed below:
- Minimum Pension Amount – 25000+
- Maximum age – 65 years at loan maturity
- 50% of extra income (FD interest rental income, etc.) can be counted as Actual Income
- Capital Small Finance Bank Personal Loan Interest Rate – 9.99%
- Tenure – a minimum of 12 months.
Capital Small Finance Bank Personal Loan Balance Transfer
A personal loan balance transfer is a process in which the borrower transfers the outstanding principal of the personal loan from one lender to another to gain from better terms such as a lower interest rate on the outstanding loans.
Capital Small Finance Bank Personal Loan Top Up
The top-up loan is only given to customers who already have an existing relationship/account with the bank, the eligibility criteria are quite basic for the top-up plan. A customer who has taken a loan from the bank, irrespective of the type of loan is taken, is eligible for a top-up loan.
Capital Small Finance Bank Personal Loan Overdraft Scheme
Capital Small Finance Bank Offers an Overdraft Scheme. With this, you are provided with a loan amount as an overdraft facility. It works like a Credit Card, where you can spend your Personal Loan Amount as you want anytime anywhere. The overall loan amount will have a Credit/Loan Limit. In the Capital Small Finance Bank Personal Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.
Capital Small Finance Home Renovation Loan
Capital Small Bank finance offers home redesign credit for people who wish to get their homes revamped. This individual credit can support necessary fixes or help the candidate get new fittings, installations, and furniture for their home. Some vital highlights of Capital Small Bank finance Home Renovation Loan are:
- The financing cost for Capital Small Bank finance’s Home Renovation Loan begins at as low as 11.25%.
- People might be qualified for an advance sum up to Rs. 20 Lakh to get their home remodelled
- Home remodel credit from Capital Small Bank finance requires negligible documentation, making the whole advance cycle bother free.
- The advance sum ordinarily gets credited into the record within 72 hours once the bank favours your application.
Capital Small Finance Holiday Loan
Capital Small Bank finance’s Holiday Loan can assist you in organizing your fantasy get-away with a minor issue. This individual advance from Capital Small Bank finance can subsidize a scope of excursion related costs, including flight ticket booking, lodging facilities, guided visits, and so forth Key highlights of Capital Small Bank finance’s Holiday Loan are:
- Financing costs for Holiday Loans start at 11.25% p.a.
- You can do without much of a stretch profit a measure of up to Rs 20 Lakh, so your fantasy excursion won’t be spoilt because of a monetary crunch.
- Streamlined and Minimal documentation guarantees that financing your get-away is basic and straightforward.
- Brisk preparing and disbursal of advance which is attributed straightforwardly to your record
Capital Small Finance Fresher Funding
A dominant part of unstable individual credits is focused on people with a customary pay anyway Capital Small Bank finance’s Fresher Funding is extraordinary. This credit alternative from Capital Small Bank finance is intended to help freshers, for example, ongoing alumni looking for their first work. Some vital highlights of Capital Small Bank finance Fresher Funding individual credit are as per the following:
- Credit sum up to Rs 1.5 lakh
- The candidate must be at any rate 21 years of age.
- The pace of interest for Fresher Funding relies upon the profile of the advanced candidate, the financial record/score, age, and area of the candidate.
Capital Small Finance NRI Personal Loan
Understanding the necessities and dreams of NRIs, Capital Small Bank finance offers an individual advance explicitly for NRIs. The essential advanced candidate should be an Indian inhabitant, and the co-candidate NRI must be a nearby family member. Individual Loan for NRIs incorporates the accompanying highlights.
- Capital Small Bank finance offers NRIs individual advances up to Rs. 10 lakh with adaptable end-use
- The financing costs for NRI Personal Loan start at 15.49% p.a.
- The credit includes a residency of as long as three years.
Capital Small Finance Bank Personal Loan Preclosure Online
Capital Small Finance Bank enables a Personal loan borrower to make a pre-closure or a pre-payment of a loan. However, you will be able to prepay your Capital Small Finance Bank Personal Loan only after 12 months after you have procured your loan and after paying 12 EMIs plus the foreclosure charges that may be applicable. If you meet this requirement, you can repay your personal loan before the original due date and close your loan early.
Capital Small Finance Bank Personal Loan Process Steps
Step 1: Determine your requirement
Figure out why you need a Personal Loan and how much you need. For example, you may need a loan to fund your wedding or to renovate your home. And you may need just Rs. 1 lac or Rs. 10 lac.
Step 2: Check loan eligibility
Once you know how much you need, you should check whether you are eligible. You can visit the Capital Small Finance Bank Personal Loan Eligibility Criteria online, to find out how much you can borrow as a Personal Loan. Capital Small Finance Bank offers loans up to Rs. 40 lac.
Step 3: Calculate monthly instalments
Use an online EMI tool to calculate your approximate loan repayments every month. You can modify the interest rate and tenure to match your monthly income, like on the Capital Small Finance Bank Personal Loan EMI Calculator. Capital Small Finance Bank offers pocket-friendly EMIs on all its Personal Loans starting at Rs. 2149 per lac * (T&C).
Step 4: Approach the bank
You can apply for a Personal Loan with Capital Small Finance Bank in various ways: Via Net Baning, online on the Capital Small Finance Bank website, at an ATM, or by visiting a branch.
Step 5: Submit documents
Next, find out what documents are required for a Personal Loan. You will usually need income proof (bank statements, salary slips or IT returns), address proof, and ID proof. Hand over copies of your Personal Loan documents at the bank.
Wait for funds to be remitted to your account. Capital Small Finance Bank disburses funds for pre-approved loans to customers in 10 seconds*, and for non-Capital Small Finance Bank customers in 4 hours.
That’s how to get a Personal Loan in 5 easy steps!
Capital Small Finance Bank Personal Loan Prepayment Charges
If you are a salaried applicant, you can pre-pay your Capital Small Finance Bank Personal Loan only after paying 12 equated monthly instalments completely.
The pre-payment charges for salaried applicants are as follows:
- 4% of the outstanding principal amount for 13 to 24 months.
- 5% of the outstanding principal amount for 25 to 36 months.
- 2% of the outstanding principal amount for more than 36 months.
How to Apply for Capital Small Finance Bank Personal Loan?
Getting a personal loan is quite simple; you would just have to:
- Visit our website and fill in the application form.
- You would then get a call from us.
- Our experts will then guide you throughout the process and give you the details about the loan.
Capital Small Finance Bank Personal Loan Verification Process
Coming up next are essential strides of the individual credit check measure after online accommodation of your advance application on Dialabank.
Step1. Dialabank will advance your advance application to your picked bank and generally within 48 hours, and you will get a call from the moneylender’s agent.
Step2. The imminent loan specialist will plan a pickup of your KYC, pay, and so forth reports or give a choice to transfer them on the web. These reports will be utilized to confirm your application.
Step3. When the moneylender’s check is finished, and your advance is endorsed, you will get another call to confirm the credit offer and request your permission for disbursal.
Step4. After credit endorsement and fruitful check, the advance is generally dispensed within 48 hours.
Note: The above-mentioned turnaround time for personal loan verification/disbursal may vary based on the lender’s internal demands as well as other criteria.
Check your bank Capital Small Bank Finance Personal Loan Application Status
To check the status of your Capital Small Bank finance Personal Loan, you can:
- Visit the bank branch personally where you had applied for the loan and give the loan officer your loan application details
- Visit the website of Capital Small Bank finance and fill in your loan details.
- Send your loan details to the bank via email.
- Through the I-mobile app of the bank
- These methods enable you to track your loan status easily.
How to login in Capital Small Bank Finance Portal
- Visit the official website of Capital Small Bank finance.
- On the top right corner of the page click on ‘Login’.
- Log in using your User ID and Password or your recorded mobile number
How to Check Your Loan Statement Online
Clients can download the bank’s very own credit proclamation by following the means given beneath:
- Visit the official site of the bank.
- Click on ‘Connect’ and select ‘Administration Requests’ starting from the drop list.
- On the following page that opens, under the ‘Advances’ menu, select ‘Individual Loan Related’.
- Next, click on ‘Solicitation for Statement of Loan Account’.
- Login utilizing your User ID and the secret word or utilizing your enlisted versatile number and OTP to benefit the bank’s very own credit explanation.
Capital Small Bank finance Personal Loan Restructuring (COVID-19)
The cross country lockdown because of the COVID-19 pandemic has affected numerous borrowers antagonistically and to moderate its effect to a specific degree, a multi-month ban on different term advances was declared. After the fruition of the half-year ban, Capital Small Bank finance had reported the RBI-commanded one-time advantage of Capital Small Bank finance individual credit rebuilding. This instrument is intended to give proceeded with alleviation to those borrowers who are as yet unfit to begin reimbursement of their normal EMI due to ongoing money related difficulty coming about because of the pandemic.
The credit goal system presented by Capital Small Bank finance offers an extra ban of as long as two years or an augmentation on the current reimbursement time frame to diminish the month to month EMI instalments. It is imperative to shoulder as a main priority that rebuilding of your Capital Small Bank finance individual credit will bring about extra premium charges well beyond those of the first advance. Consequently, this alleviation instrument should just be utilized if all else fails with the goal that you don’t wind up defaulting on your great credit.
Capital Small Bank finance Customer Care
Customers can contact the Capital Small Bank finance customer care via any of the following means:
- By Phone: You can call Capital Small Bank finance on 1860 500 9900 (toll-free)
- Callback Request: You can also request a call back by visiting the bank’s website
- Online Chatbot: You can also get your queries answered by the iPal chatbot online
- Branch Visit: You can visit the nearby Capital Small Bank finance branch to get your queries.
Benefits of Applying for Personal Loan on Dialabank
There are different points of interest in applying for a personal advance on the Dialabank site. Some of them are given beneath:
- 24 x 7 Accessibility: You can get to the Dialabank site whenever and anyplace and in this manner, apply for an individual advance whenever from the solace of your home or office.
- Different moneylenders on a solitary stage: Dialabank empowers you to get to individual credit offers from various planned loan specialists on a solitary stage and accordingly kills the need to visit numerous bank sites or branches.
- Know EMI in a split second: With the individual advance EMI calculator, you can check the EMIs you would be paying on an individual credit even before you apply for one. It will assist you with acquiring the suitable sum that you can without much of a stretch reimburse and have a helpful reimbursement plan.
- Liberated from cost: Additionally, you are not needed to pay any charges when you apply for an individual advance on Dialabank.
How to Get the Best Offer on Capital Small Finance Bank Personal Loan
You can get the best close to home financing costs from Capital Small Finance Bank subject to an evaluation of your credit sum, pay, other commitment organizations you work with, and advance residency. The accompanying elements decide the individual credit pace of interest you can hope to get from Capital Small Finance Bank:
- Credit Amount – This is the sum acquired by a borrower from the bank. By and large, banks offer lower financing costs for higher sums. Capital Small Finance Bank offers credits between ₹ 50,000 and ₹ 75 Lakh.
- Compensation – Income characterizes your ability to reimburse the credit. More significant compensation section people are offered credits at lower financing costs. The loan cost of the bank fluctuates with your net month to month pay.
- Manager Category – Capital Small Finance Bank has an inner rundown of organizations falling into classifications that are positioned from high to low organization classes dependent on the organization’s size, notoriety, and existing relationship with the bank. Representatives who have a place with organizations in higher organization classes get appealing limits and low financing cost advances.
- Relationship with the Bank – Capital Small Finance Bank offers extraordinary rates, offers, and charges to the current record holders of the bank. The individuals who have dealt with their records and made all the instalments on time in the past will get the advantage of a low Capital Small Finance Bank advance loan cost.
- Credit Tenure – Personal advances are of more limited residency that goes from a year to 60 months as they are taken to meet their quick prerequisites.
- Reimbursement Capacity – Before giving an advance to the borrower, Capital Small Finance Bank checks the reimbursement limit of the borrower. Bank confirms the reimbursement limit of the client through CIBIL as it has the reimbursement history of past credits taken. CIBIL additionally catches data of charge card charges instalment.
How does Capital Small Finance Bank Personal Loan work?
Here is the process:
| Maximum Annual Percentage Rate (APR) | 11% to 22.5% |
| A representative example of the total cost of the loan, including all applicable fees | Here is an illustration of the total cost of the loan: |
| Total amount borrowed: ₹ 1,00,000 | |
| Time period: 12 Months to 60 Months | |
| Capital Small Finance Bank Personal Loan Interest Rate: 10.50% to 22.00% | |
| Processing Fee payable to Upto ₹ 2,500 | |
| Fee payable to MyLoanCare: NIL | |
| Total Monthly Cost – From ₹ 2,149 for 60 Months ₹ 1,00,000 loan at 10.50% (lowest rate, longest time period) to ₹ 9,359 for 12 Months ₹ 1,00,000 loan at 22.00% (highest rate, shortest time period). This is inclusive of principal repayment. | |
| Annual Percentage Rate (APR) of charge including all applicable fees: 11% to 22.5% | |
| Total cost payable over loan tenure: ₹ 8,278 for 12 Months loan to ₹ 31,463 for 60 Months loan |
Important Aspects
Given underneath are some significant angles that you should consider while applying for an individual credit with Capital Small Bank finance:
- While applying for a personal advance, it is in every case great to check your financial assessment. A decent credit assessment builds the odds of endorsement of your credit and can empower you to benefit an individual advance on more great terms.
- Before settling upon a specific bank, it is prudent to think about the expense of an individual credit (premium expense and all the reasonable expenses and charges) offered by different moneylenders on Dialabank.com
- Acquire as per your need and reimbursement capacity. Try not to acquire just because you are qualified to get a higher sum. It will just add to your advantage cost and not have many advantages over the long haul.
- Try not to apply for individual advances with various moneylenders simultaneously. It shows you to be eager for credit and expands the number of challenging requests for your credit report, which may antagonistically influence your Credit rating.
FAQs About Capital Small Bank Finance Personal Loan
✅ What is the Interest Rate for Capital Small Bank finance Personal Loan?
The interest rate for Capital Small Bank finance personal loans is 9.99% p.a.
✅ What is the minimum age for getting a Personal Loan from Capital Small Bank finance?
The minimum age for getting a personal loan from Capital Small Bank finance is 21 years.
✅ What is the maximum age for getting a Personal Loan from Capital Small Bank finance?
The maximum age for getting a personal loan from Capital Small Bank finance is 58 years.
✅ What is the minimum loan amount for Capital Small Bank finance Personal Loan?
The minimum loan amount for Capital Small Bank finance personal loan is 1 lakh.
✅ What is the maximum loan amount for Capital Small Bank finance Personal Loan?
The maximum loan amount for Capital Small Bank finance personal loan is 50 lakhs.
✅ What are the documents required for Capital Small Bank finance Personal Loan?
The documents required for Capital Small Bank finance personal loan are proof of identity, address proof, and income proof along with 2 passport sized photographs.
✅ What is the Processing Fee for Capital Small Bank finance Personal Loan?
The bank charges 1% of the loan amount as a processing fee.
✅ What is the Capital Small Finance Bank Gold Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the Capital Small Finance Bank Personal loan account.
- Pay the pre-closure charges as per Capital Small Finance Bank Personal Loan.
✅ What is the Capital Small Finance Bank Gold Loan preclosure charges?
Capital Small Finance Bank Gold Loan preclosure charges are up Nil.
✅ What is the Capital Small Finance Bank Personal Loan overdraft scheme?
For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at Capital Small Finance bank is provided, it gives you an online way to get your own overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit bank branches and go through a boring process. Just log in to the Indian online banking portal and from there you can fill out a simple form and get an overdraft under your name.
✅ What is the Capital Small Finance Bank Personal Loan maximum tenure?
The Capital Small Finance Bank Personal loan’s maximum tenure is 48 months.
✅ What is the Capital Small Finance Bank Personal Loan minimum tenure?
The Capital Small Finance Bank Personal Loan minimum tenure is 6 months.
✅ What is the Capital Small Finance Bank Personal Loan customer care number?
You can Avail Capital Small Finance Personal Bank by calling on 9878981166.
