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Capital First Personal Loan Eligibility

Capital First Personal Loan Eligibility Calculator is an online financial tool which guides the customers to check their Capital First Personal Loan Eligibility. With the help of Capital First Personal Loan Eligibility Calculator, you can get a clear view of what is the loan amount for which you are eligible for. So, with the help of Capital First Personal Loan Eligibility calculator, your chances of getting approved for a personal loan is very close. Before you opt for Capital First Personal Loan apply through Capital First Personal Loan application form online you can check Capital First Personal Loan Eligibility using Capital First Personal Loan Eligibility Calculator by entering a few details like- your current city, birth date, net monthly salary and monthly expenditures.

How to compute Capital First Personal Loan Eligibility?

After you decide to go for Capital First Personal Loan apply online, it is always advisable to calculate your Capital First Personal Loan Eligibility using Capital First Personal Loan Eligibility Calculator which helps you to know how much loan amount you can avail. In order to have higher Capital First Personal Loan Eligibility, you should have a good credit history and a stable job with a high salary.

Capital First Personal Loan Eligibility Calculator calculates Capital First Personal Loan Eligibility using 2 methods-

  • Multiplier Method

    Under multiplier method, the bank applies a multiplier which is dependent on your net take-home salary and company profile (the organization where you work).

    Capital First Personal Loan Eligibility= Net take home salary*multiplier of 9 to 22

    With a higher multiplier, the higher is your salary bracket and the more reputed your organization, the higher will be the multiplier and higher will be your Capital First Personal Loan Eligibility.

  • FOIR

    It means Fixed Obligations Income Ratio. Under this process, your fixed obligations like EMI or credit card bill payments are taken into account to calculate your personal loan eligibility in Capital First. The bank takes a maximum of 50% to 75% (for high earning customers) of your net income as fixed liability beyond that you will not be eligible for a personal loan eligibility in Capital First Personal Loan.

    FOIR= (Sum of fixed obligations/Net take home salary)*100 Your fixed liability must not be over 50% of your net income. If more than 50% of your net income is paid as EMI, then your Capital First Personal Loan Eligibility will be low.

Which factors affect Capital First Personal Loan Eligibility Calculator?

Capital First Personal Loan Eligibility check using Capital First Personal Loan Eligibility Calculator is a must to do before you opt for Capital First Personal Loan apply online. Capital First Personal Loan Eligibility is high as Capital First personal loan is an unsecured loan that does not take any security and the bank cannot claim anything from you, if you fail to pay the loan.

Capital First Personal Loan Eligibility Calculator gets affected by the following factors-

  • Age

    Age of the applicant is an important factor which affects the Capital First Personal Loan Eligibility. The minimum and maximum age limit range from 25 and 60 years. If you go for Capital First, Personal Loan apply online in your younger age, then your Capital First Personal Loan Eligibility will be high as the bank will have a high trust.

  • Residential Address

    The residential address do affect your Capital First Personal Loan Eligibility criteria to a large extent. Capital First Personal Loan Eligibility will be high if you reside in your own house and Capital First Personal Loan Eligibility will be low if you stay in a rented house. Your own house helps in building trust which enhances your Capital First Personal Loan Eligibility criteria when you go for Capital First Personal Loan apply online.

  • Existing Liability

    In case you have existing liabilities in your shoulder like- credit card bills and EMI of loans, your Capital First Personal Loan Eligibility will be low. Your fixed liability must not exceed 50% of your income. Or else your Capital First Personal Loan Eligibility will be low.

  • Credit Score

    An important factor which affects Capital First Personal Loan Eligibility is your credit score. Personal Loan Eligibility Cibil Score must be high which increase the Capital First Personal Loan Eligibility criteria. Credit Score is your creditworthiness or your repaying capacity.

  • Location

    When you opt for Capital First Personal Loan apply online, one of the factor that affects Capital First Personal Loan Eligibility is your geographical location. If you stay in a metropolitan city or an urban area, then Capital First Personal Loan Eligibility will be high. But staying in a rural area, will lower your Capital First Personal Loan Eligibility criteria.

  • Employment

    A stable secured job will increase your Capital First Personal Loan Eligibility in a positive way. For the self-employed individuals, minimum 5 years of experience will lead to higher Capital First Personal Loan Eligibility criteria. For the salaried employees, the reputed organization you work if fall under CAT A list and has a minimum of 1-year experience will improve your Capital First Personal Loan Eligibility.

Capital First Personal Loan Eligibility Criteria

Capital First Eligibility Criteria Salaried Individual
Profession Employed in MNCs, public or private sector
Job Experience Minimum 1 year
Age 23-60 years
Minimum Income Rs. 20,000
Current Residence 2 years
CIBIL Score 750 or above
Capital First Eligibility Criteria Self-employed Individual
Age 23-65 years
Business Tenure At least 5 years
Minimum Income Rs. 4.8lakh/ year


*Interest rate and Loan approval are subjected to band discretion and approval.

FAQ's

You can go for Capital First Personal Loan apply online using Capital First Personal Loan application form.
The minimum tenure to repay Capital First Personal Loan is 1 year.
Yes, you can check your eligibility for personal loan more than once using Capital First Personal Loan Eligibility Calculator.
Your personal loan eligibility will be lower if you switch your job frequently as it does not help to build a trust factor.
In order to be eligible for Capital First Personal Loan, your minimum credit score must be 750 or above.

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