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Interest Rate

12.5% - 14.5%

Processing Fee

Max. 2%

Tenure Range

1-7 years

Fees & Charges:

  • Preclosure Fee - 4% of principal outstanding


  • Nationality - Indian 
  • Age - 21-65 years 
  • Should have 2 years total work experience 

Features & Benefits: 

  • Get the flexible loan repayment tenure of 7 years 
  • Avail upto 125% loan of the vehicle's value
  • No need for any collateral 
  • No changes in the interest rate in future 
  • Instant loan disbursal facility 

Address Proof:

Identity Proof:

  • Aadhaar Card/ Passport/ PAN Card/ Voter ID Card

Address Proof:

  • Aadhaar Card/ Passport/ Driving License/ electricity, phone bills

Income Proof:

  • Last 2 years IT returns 
  • Income computation certificates by CA for last 2 years 
  • Bank statement for last 6 months

Short Description:

Capital First Used-car Loans will let you enjoy upto 125% of the vehicle's value without any need of the collateral. The loan granted will not have any interest rate fluctuations throughout the tenure and easy EMI repayment facility is also available.

Bank Description:

Capital First is one of the eminent financial listed company in both NSE and BSE. It mainly deals in debt financing to MSMEs and consumers in India. Capital First Used-Car Loans will let enjoy 125% of the total loan value of the vehicle. With the loan disbursal facility and fixed rate of interest rate throughout the loan tenure, the Capital First Used-Car Loan is one of the best options to choose for.