>
Home Home Loan

Home Loan

  • Simple and hassle free loan processing with minimum turnaround time
  • Loans up to 90% of cost of property based on eligibility
  • Pre-approved loans available as per requirement with no hidden charges
  • Term Loan secured against residential properties
Apply Now

Home Loan Features & Benefits

A Home is one of the biggest purchases in an individual's life. To buy a home without securing a home loan is tough financially for most people. We, at Capital First, understand the needs of our customers and partner with them so that they can become proud home owners on terms that are fair and simple. With a Capital First Home Loan, you can buy a flat or a house without having to worry about putting together a huge down payment. Our home loan scheme is suitable for both salaried and self-employed individuals.

Loan Amount

Loans offered from Rs 5 Lakhs up to Rs 5 Crores in more than 57 locations across India at competitive interest rates.

Flexible Loan Tenure

Maximum loan tenure of 360 months for salaried professionals and maximum 300 months for self-employed.

Pradhan Mantri Awas Yojana

Avail interest subsidy benefit up to Rs 2.67 Lakhs under PMAY Credit Linked Subsidy Scheme. We also have various innovative and competitive income and surrogate programs to fit your requirement.

Types of Property Funded

Ready property

Under Construction

Composite Loan (Plot + Construction)

Home Extension and Renovation

Plot Purchase

Self-construction

Balance Transfer

Top-up and more

Home Loan Eligibility Criteria

Capital First provides home loans to a wide variety of customers. In order to check your home loan eligibility, you can use our home loan eligibility calculator. Housing loan eligibility requires that you meet some basic criteria. The home loan eligibility criteria are:

  • Salaried and Self Employed Professionals
  • Sole proprietors and Partnership Firms
  • Minimum age requirement is 23 years at the time of taking the loan and maximum 70 years or retirement at the time of maturity
  • Clear record in terms of past loans and statutory payments.
  • Good credit rating score in credit bureau
  • Minimum 3 years in business with a positive net worth (for Self-employed) or 3 years work experience (for Salaried individuals)
  • Micro, Small and Medium Enterprises

Home Loan EMI Calculator

Stop wishing for your dream home; go ahead and fulfil your dream! Capital First's home loan is a stepping stone to home ownership. Using our home loan emi calculator, you can find out your home loan EMI easily. The housing loan emi calculator is incredibly simple to use; just input your home loan amount, interest rate and tenure, and we will let you know your monthly instalment amount instantly. The home loan calculator removes all your doubts about how much the loan will cost each month, and brings transparency into the process.

 

Loan Amount

Interest Rate (In Percentage)

Tenure(In Months)

Your EMI

0

 

Apply for Home Loan Online

Point of
Contact

Apply for a Capital First Home Loan by filling our online form and we will call you back. You can also visit our branch for the same.

Submit your
Documents

You can also apply for a Home Loan by visiting any of our locations to submit your documents or ask our relationship manager to visit you for collecting the documents.

Verification of your
application and property

A Capital First Home Loan representative will contact you to verify your details and schedule a personal discussion with you.

Disbursement

After your Home Loan application and property has been verified along with the proper submission of required documents, we will disburse the loan amount to your bank account and you will be closer to owning your dream home.

Documents Required for Home Loan

Photo Identity Proof ( Self-attested copy of any one document* )

  • Passport
  • Voters ID
  • Driving License
  • Pan Card
  • UID Certificate (Aadhaar Card )

Address Proof ( Self-attested copy of any one document* )

  • Ration Card
  • Passport
  • Driving License
  • Bank account statement
  • Electricity Bill
  • Telephone Bill
  • Aadhaar Card
  • Sale deed/ Property purchase agreement (For owned properties)

Income Proof ( Self-attested copy of any one document* )

  • Salaried Individual
    Last two months salary slip/Salary certificate
    Latest years ITR with income computation/Form 16. Note: If Bonus is considered in eligibility, we will have to take last two years ITR/Form 16
    Last six month bank statement reflecting salary credits. Note: Cash Salary cases not allowed
    Repayment track/bank statements proof of track with loan sanction letter/amortization schedule.
    Self Employed Individual
    Income Tax Return with income computation (As applicable )
    Balance Sheets and P&L a/cs with schedules (As applicable)
    Sales Tax Return/VAT return for the number of months not covered in the latest financial year.
    Credit card statement for 6 months (required in case of Banking Surrogate)
    Copy of Contract Order and Form 16 A (applicable only if income is from contracts)
    Bank statements for the last 6 months - from business account of the firm/ company and savings a/c of the individual borrower and co-borrowers, if income being considered.
    Repayment track/bank statements proof of track with loan sanction letter/amortization schedule.

Business Proof ( Self-attested copy of any one document* )

  • Shop establishment certificate (First priority)
    Trade license/Professional license(sales tax no, importer's exporter's code)
    Sales Tax return/VAT return
    Tel Bill (landline/postpaid mobile phone)-Paid. Not older than 90 days from loan application
    Electricity bill-Paid. Not older than 90 days from loan application
    Registered or Notarized Rent deed
    Property allotment letter from Govt./Registered societies
    Property papers-Unregistered sale deed plus GPA
    Property registered deed
    Latest updated bank passbook/Bank Statements in borrower's name (subject to bank acct being 6 months and CPV confirms the same address)

Property Proof ( Self-attested copy of any one document* )

  • Photocopy of original sale deed
  • Allotment/Possession letter
  • No objection certificate from the society and other documents as per legal report

* While the home loan document list given here is comprehensive, we may require additional home loan documents to process your application.

Special Services

To meet the needs of all our customers we bring you a complete suite of programs that are tailor made to your requirements, you can avail a loan under any of the following programs:

 
  • Normal Income Program: You can avail loan basis your financial statements.
  • Debt Consolidator: If you have multiple loans running and want to consolidate all the payments into one single EMI. There is also a flexibility of availing additional loan under this program.
    • Other programs
    • Balance transfer programs
    • Repayment track record
    • Assessed Income Program
    • No Income Program
    • High Equity Program
  • Document Custodial Facility: Capital First understands the importance of safeguarding your property documents and has entered into a strategic partnership with one of the leading storage facilities in India for storing your valuable property documents. You can be assured about your document residing safely with state of the art storage facility plus world class security systems and fire resistant storage rooms.
 

You are in good company

Our customers just love us..

I always had a dream to provide my family with the best accommodation. But buying a house was next to impossible. My friend then told me about Capital First. The staff was very helpful and after providing the necessary documents and completing the verification I was eligible for a home loan. Today I can proudly claim that I own a house of my own. All thanks to Capital First.

Bivin Singh
Chennai

I became a father and realized it was time to move to a bigger house. Capital First was the first thing that came to my mind as I had heard many good things about it. I approached them and in no time I was approved for a home loan. Today my family and I are living comfortably in our heavenly abode thanks to CFL.

Amala Edwiin
Bangalore

Commuting to work was a major hassle as I had to travel for many hours every day. I decided to buy a house of my own to cut down on the travel time and spend more time with my family. I was approached by Capital First and decided to take a home loan from then. The process was smooth and hassle-free.

Shivan Nema
Delhi

Questions? We are happy to help you

About Home Loan

A home loan allows you to purchase the home of your dreams without having to pay for it upfront. Depending on your eligibility, you can secure a loan of as high as 90% of the cost of the property.
Capital First Home Finance has made it really simple to get a home loan. Please submit your details online through our website and we will inform you of your eligibility by calling you. Once you submit your documents to our representative, we carry out a verification to cross check your details; our representative may also have a short personal discussion with you. After we have successfully verified your details, the loan can be sanctioned and the money will be deposited in your bank account. .
Yes, you will have to make a down payment on your home loan. Capital First finances up to 90% of the cost of your home. This makes purchasing your dream home extremely easy as you do not need to finance the bulk of the cost of your future home upfront.
No, there is absolutely no need to visit a branch to apply for a home loan. We have made the process simple; you can apply for a home loan through our website. Alternatively, you can also apply for your home loan using our mobile application available for download from the Google Play and Apple App Store. You can submit your application details online and we will inform you of your eligibility by calling you. Capital First will arrange to have the necessary documents picked up from your residence or office. If you have any questions regarding the home loan application process, please feel free to contact our customer care at 1860-500-9900 or write to us at customer.care@capitalfirst.com.

Eligibility

Capital First offers home loans to a wide variety of customers from diverse backgrounds. This includes salaried and self-employed professionals, sole proprietors and owners of partnership firms. You should be at least 23 years of age at the time of taking the loan and your maximum age should not exceed 70 years. We require salaried individuals to have at least 3 years of work experience. Self-employed individuals should have been in business for at least 3 years with a positive net worth. Additionally, you should have a clear banking and loan payment history and a good credit rating score. Capital First also extends home loans to Micro, Small and Medium Enterprises.
Yes, you can get a home loan even if you do not have any income. Our 'No Income' Program allows customers without regular income to avail home loans. Please contact our customer support at 1860-500-9900 or write to us at customer.care@capitalfirst.com for more information on how to access this program.
No, you do not need a co-applicant to apply for a home loan. However, if the property for which you are availing a home loan will have co-owner(s), then this or these person(s) must also be co-applicant(s) on your loan application. If you want to be a single applicant, life insurance is compulsory for the applicant.
No, you do not need a guarantor for home loan.
Yes, self-employed individuals can get a home loan. We give home loans to sole proprietors, self-employed individuals and partnership firms. There is a requirement that self-employed individuals should have been in business for 3 years. The minimum age at the time of making the application is 23 years and the maximum 70 years.
We carry out certain verifications to ascertain the suitability of your application. Our underwriting team will initiate a discussion with you either on telephone or in person to gather some information so that we can process your application. We also carry out an investigation verification at your residence address as per the know your customer (KYC) documents you submit. Your office address will be verified and additional checks may also be carried out in order to complete due diligence on your application.

Cost

Yes, there is a processing fee applicable on your home loan. The processing fee will vary according to the amount of the home loan you have applied for. As an example, the initial processing fee charged is Rs. 2,500 for home loan up to Rs. 10 lakh and Rs. 5,000 for loan amount exceeding Rs. 10 lakh. Applicable GST will also be levied on the processing fee amounts.
We offer a fixed & floating home loan to our customers. If you have any questions about interest rates on home loans, please feel free to call us at 1860-500-9900 or write to us at customer.care@capitalfirst.com and we will provide you the necessary information. Please use our home loan EMI calculator, which will help you ascertain the cost of the loan, your EMI amount and other parameters.
If the interest rates rise, Capital First will increase the EMI amount so that your loan repayment occurs according to the tenure specified during the time of the sanctioning of the loan. If you have any questions about your EMI, please feel free to call us at 1860-500-9900 or write to us at customer.care@capitalfirst.com and we will be glad to assist you.

Benefits

There are several advantages in getting a home loan from Capital First some of which are:
  • You can submit your details online and we will notify you about your eligibility by phone.
  • Capital First finances up to 90% of the cost of your home loan, which means you need to make a lower amount of down payment.
  • Home loans are available for a wide range of applicants from salaried to self-employed individuals.
  • Long tenure loans are available (up to 30 years)
  • Loans for Ready property, Under Construction, Composite Loan (Plot + Construction), Home Extension and Renovation, Plot Purchase, Self-construction, Balance Transfer, Top-up and more.
  • Catering to customers and profiles which are not often funded by Banks.
  • Various surrogate programs to arrive at eligibility to cater to higher loan amount requirements
We are ready to serve your needs as a home loan customer and provide you with the most convenient and easy way to secure home finance. You can submit your application details through our website or our mobile app which can be downloaded from Google Play or Apple App store. We will inform you about your eligibility by calling you. Repayment of your home loan can be made easily as we provide two means of repayment - through Electronic Clearing Service (ECS) or through Post Dated Cheques (PDCs) in non-ECS locations. With the advent of National Automated Clearing House (NACH) monitoring and regulation, EMI repayments have become easy through the ECS route due to management of National Payments Corporation of India (NPCI).

Loan Parameters

You can get up to 90% of the value of the property depending on your eligibility. The maximum loan amount we offer is Rs. 5 crore. If you have any questions regarding the home loan amount, please feel free to contact us at 1860-500-9900 or write to us at customer.care@capitalfirst.com and we will be glad to assist you.
In order for us to process your application, we require a number of documents. Some documents must be mandatorily provided as per the National Housing Bank (NHB) guidelines.
Documents required for Home Loan are:
  • Identity proof
  • Address proof
  • Income proof
  • Proof of educational qualifications (where applicable)
  • Age proof
  • Employment details
  • Bank statements
  • Details about the property in case you have finalized it before hand
  • Any other obligation documentation (SOA, Sanction Letters, etc.)
Capital First does a thorough scrutiny of the documentation that you submit. Here are some of the checks that your documentation is subjected to:
Legal checks: We verify your documents according to the law. The documents you submit for mortgage should be legally valid.

Technical Check: We check if property approvals are in place for construction of the property. All regulatory norms with regard to NA Lands, CRZ Norms, B-Khata rules, etc. depending on the location of property are checked along with the structural integrity, life and maintenance of structure erected. Only properties that clear the checks can be considered fit for a justified mortgage for the entire tenure of the loan.
Yes, different types of properties require different documentation checks.

Under-construction property: We will check the approved plans, CC, IOD, NA and other construction related documents. We can utilise the services of third party representatives for this purpose and to verify if construction is being carried out in tandem with the documents submitted.

Ready purchase/Resale property: Occupancy Certificate (OC), BCC, etc. are checked in conjunction with other documents by specialised third party representatives. Structural integrity of the property is also checked.
After we have received your application, there are home loan sanctioning and disbursement processes that we follow. Certain requirements need to be fulfilled before these two processes are initiated, which are given in the order below:
  • Application Form filling
  • Processing Fees payment
  • Documents Requirement (at both login and post-sanction-pre disbursement stages)
  • Personal Discussion (for assessment and gauging requirement and repayment by Underwriting Officer)
  • Investigation verification (mandatory verifications instituted to ensure validation of documents provided)
  • Sanctioning of Loan
  • Legal / Property Assessment
  • Disbursement of Loan
Your EMI consists of two components, the principal amount and the interest rate charged on the principal. The factors that determine the EMI are the amount you borrow, the rate of interest applied and the loan tenure. EMIs can vary if the interest rate changes. You can reduce your EMI amount by paying back more than you are required to; this is called a partial prepayment.
Yes, you can make a pre-payment to your loan; this will help reduce your EMI amount. If you have opted for the ECS method of repayment, in the subsequent month to repayment, your EMI will reduce. In case you have given PDCs, you will need to submit fresh cheques. The minimum repayment amount is three times the amount of your EMI. No extra charges are applicable for individuals who choose to make a pre-payment. If you have any questions regarding prepayment, please feel free to contact us at 1860-500-9900 or write to us at customer.care@capitalfirst.com and we will provide you with the necessary information.
A provisional interest certificate provides principal as well as the interest breakup for scheduled EMIs for the financial year (April to March). You can use this certificate to obtain income tax rebates under Section 80C as well as Section 24 of the Income Tax Act. You can obtain this certificate through our website with the details provided to you after your loan has been disbursed. Please note that the provisional interest certificate is calculated based on outstanding principal balances, rate of interest and your current EMI; if any changes occur during the financial year, the figures on the certificate may change and as such, you should obtain the latest provisional interest certificate before submitting it.
Commencing from the date of each disbursement, pre-EMI interest is the interest that you need to pay on the amount that you have borrowed from Capital First. This amount is calculated on a pro-rata basis till payment of the first EMI.
The EMI date is the 2nd or 5th of every month. Please note that there is no alternative EMI date available.
If you choose a floating rate home loan the change is affected in tenor. Only upon customer request, EMI amount is changed
We examine the interest rate situation every 2 months and make a decision regarding re-pricing. Interest rates change based on external and internal factors such as PLR as well as the cost at which Capital First acquires funds.
Minimum CIBIL score applicable is 650.
Yes, you can cancel your application after your loan has been approved. However, we would deeply regret the loss of your patronage. Please call us at 1860-500-9900 or write to us at customer.care@capitalfirst.com and we will help you with processing your cancellation request.

Didn't find an answer to your question?

We will be glad to help you with any questions regarding the Capital First home loan. Please feel free to contact our customer representative at 1860-500-9900 or email us at customer.care@capitalfirst.com . If you have a more pressing matter to discuss, feel free to visit any of our branches and speak to our customer representatives.