CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, 2nd Floor, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
Have any queries? Click here for more details
All written queries will be responded within 1 working day.
We'd love to help you through every step along the way.
Avail loans against property at Capital First for loan amount up to Rs. 10 crores. Interest rates of up to 11% to 13.50%. Loans for both commercial and residential properties. Get low processing fees and overdraft facilities. Apply now through CreditMantri!
Currently not available! for similar products
For any major requirements such as funds for business plans, higher education or medical treatment etc, getting a loan against property could be a feasible option to manage the situation. Understanding the scenario, Capital First, one of the leading banks in India, allows you to pledge your property to meet the goals or requirements.
Obtaining a Capital First loan against property is simple as the process is quicker and approvals are done faster. With flexible repayments, this loan is preferable and affordable by all.
Capital First, one of the leading private banks in India, offers loans against your residential or commercial property. The borrowers can get funds up to 60% value of the property from Capital First loan against property. With customised loan options, Capital First provides competitive interest rates and flexible repayment options. Capital First loan against your home could be the perfect solution for all your financial needs as the approvals are done in 3 days. Door-step services are offered, and the loan processing is done quickly and easily.
Purpose: The main objective of Capital First loan against property is to provide finance to individuals who have various financials goals and requirements. Both residential and commercial properties are accepted by the bank as collateral.
Loan Amount: The borrowers can get up to 70% value of the property up to Rs.10 crore at attractive interest rates.
Repayment Options: The customers can opt for low EMIs and longer tenure or overdraft facility on Capital First loan against property.
Loan Processing: No hidden charges are levied on processing the loan and all the charges are communicated up front.
Customised Loan: One of the major benefits is that self-employed professionals can get their loans customised based on their needs. This is to facilitate better easy repayment and manage their business as well.
Prepayment charges: Are levied for outstanding loan amount and it can be done only after six months of taking the loan.
Processing Fee: The processing fee of Rs.2500 for up to Rs.10 lakhs and Rs.5000 for above Rs.10 lakhs are levied for processing the loan and all the charges are communicated up front
Overdraft Facility: You can avail overdraft facility against property which allows you to use the loan amount up to an approved limit and pay interest only to the amount you have used.
To apply for a Capital First loan against property, you must be either a self-employed professional or a salaried employee working in a reputed private company or government organisations.
The interest rate for Capital First Loan against property ranges between 11% to 13.50%
The customers can transfer the loan against property from another bank to Capital First for Lower interest rate.This can significantly reduce the loan burden and monthly outgo on EMIs.
The documentation is easy and hassle free. The following documents are required to get Capital First loan against property along with the application.
Application form with photograph
Any one of the following as proof of residence
Any one of the following as proof of identity
Bank statement of last 6 months where you can show your salary or income details
Salary slip of last 6 months
Photocopies of all documents related to the property that you are going to pledge for the loan
From 16 for the past 2 years
Certified financial statement for the previous 3 years
Using the funds acquired from Capital First loan against property, you can fulfil your immediate and long-term needs such as business needs, marriage, medical expenses and other personal needs. The repayment is easy as you can get long tenure with small EMIs at attractive interest rates. The documentation is easy and hassle free and processed quickly. With the overdraft facility, the customers can pay interest to the amount you have used. The customers can avail the services from anywhere in India.
Applying for a Capital First loan against property is simple. You can either apply online or visit a nearby Capital First branch.
You can visit the official website of Capital First and select ‘Apply Now’ option under ‘Loan Against Property’ page. It will be directed to another page where you need to fill up the personal and income details. After completing the application form, you can submit it which will be validated by the lender. A representative from the bank will call you for documentation following which it will be sent for approval.
1. What are that properties that can be considered as collateral for Capital First loan against property?
Self-occupied residential properties and commercial properties such as shops and offices are considered collateral.
2. What is the maximum loan amount I can get from Capital First loan against property?
You can get up to 70% value of the property or up to Rs.10 crores as the loan amount.
3. Can I pre-close my loan against property account?
Yes, you can. You need to submit a written request to the nearest Capital First branch to close your account. You may have to pay a small fee as penalty while prepaying. However, it differs based on the loan amount and interest type.
4. Can I make part-prepayment on Capital First loan against property?
Yes, you can make part-prepayment and no charges are levied on floating interest type.
5. How can apply for Capital First loan against property?
You can either apply online or visit the nearby Capital First branch or through CreditMantri official website.
6. Will I be charged a penalty for not paying my EMI on Capital First loan against property?
Yes, you will be charged as per norms on the EMI amount as penalty.
7. Can I get overdraft facility against my property?
Yes, you can avail overdraft facility against your property as a term loan.
8. What is the interest rate range to avail Capital First loan against property?
The interest rate ranges between 11% and 13.50%.
9. What is the processing fee on Capital First loan against property?
The processing fee of Rs.2500 for up to Rs.10 lakhs and Rs.5000 for above Rs.10 lakhs are levied for processing the loan and all the charges are communicated up front
10. Can I top up the Capital First loan against property?
Yes, you can top up loans under adjustable rate which is linked to Capital First’s retail prime lending rate.
11. Can I get Capital First loan against property without any income proof?
No, you cannot get it without showing income proof.
12. In what cities Capital First loan against home and land available?
Capital First loan against property is available in Bangalore, Chennai, Mumbai, Kolkata, Pune etc. The loan can be availed after submitting land or home documents to the bank as collateral.
Capital First Limited is one of the leading financial institutions specialized in providing debt finance to MSME and consumers in India. Using new technologies and deep analytics, the company has financed over 4 million customers in more than 220 locations across India.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.