Capital First Two Wheeler Loan Eligibility

Capital First Two Wheeler Loan Eligibility

Bank Finance Amount Interest Rate Tenor Processing Fee Advance Part Payment Action
1,50,000 16.00 36 3.00% YES Check eligibility

Two-wheeler loans are most affordable loans and can be availed without any hassle. Two-wheeler loans are attractive owning to the factors such as immediate processing, reasonable EMIs and low down payments that ensure that you ride home your two-wheeler as soon as possible. Capital First offers flexible and affordable Two Wheeler Loans that are accessible to everyone. Capital First has strong tie-up with leading manufacturers such as Honda, Yamaha, Suzuki, Hero, TVS, Bajaj, etc and offers direct marketing and a wide distribution network.

Capital First offers Two-wheeler loans at Easy EMI Options, stress-free documentation and quick processing of two-wheeler loan. Various features of Two-wheeler loans offered by Capital First are:

  • Loan Amount: Capital first offers a two-wheeler loan upto Rs. 1,50,000/- for purchase of any two-wheeler. The customer has to bear atleast 10% down-payment to avail two-wheeler loans.
  • Rate of interest: The two-wheeler loans offered by Capital First are offered at fixed rate of interest of 16% per annum.
  • Loan tenure: You can borrow two-wheeler loan for a maximum loan tenure of 36 months, which can be reduced you wish to pay higher EMI and close your loan account as soon as possible.
  • Processing Fee: Capital first charges a one-time processing fee of 3% for the processing of your two-wheeler loan and documentation purposes.
  • Fore-closure Charges: If at any point of time you wish to close account at any point of time during your loan tenure you can close by paying entire outstanding loan amount along with an additional fore-closure penalty of 4% on the outstanding amount.

Eligibility to apply for Capital First Two-wheeler loans:

  • Minimum age to apply for Capital First two-wheeler loan is 18 years if you are salaried and 21 years if you are a self employed individual.
  • alaried professionals should be employed with the current organization for a minimum period of 6 months whereas self employed professionals must have atleast two years of work experience to borrow two-wheeler loan through Capital First

Documents that are required to process your two-wheeler loan:

  • Latest Photograph
  • Proof of Identity (photo ID)
  • Proof of Address
  • Proof of Income

Letzbank offers much hassle free method to make comparisons between loans of all types being offered by leading partner banks. You can know the best two-wheeler loan in town by just visiting Letzbank portal and viewing various loans that are displayed in a comparative format for your convenience. This allows the customer to quickly evaluate their needs and apply for loans instantly through an online application process and avoid wasting a working day by visiting bank to bank to know the details of two-wheeler loans and avoid strenuous documentation procedures. All loan applications that get processed directly at Letzbank website enjoy the benefit of service charge waiver. Avoid hassle of moving from bank to bank and apply for your two-wheeler loan online!