Frequently Asked Questions

  • Is the loan process with CapitalKredit fully online?

    Yes, the whole loan process of applying for a loan with CapitalKredit is completely online.

  • What are the factors lenders determine while applying for a loan?

    When approving a personal loan, lenders consider factors such as your credit score, monthly income, credit history, and debt-to-income ratio.

  • What CIBIL score is required for a personal loan?

    For a personal loan, a CIBIL score of 650 or higher is required.

  • What are the personal loan eligibility requirements?

    The eligibility criteria for a personal loan are:

    For Salaried Professionals:

    • Minimum Age: 21 years

    • Minimum Monthly Salary: ₹15,000 (income should be credited to a bank account)

    • Minimum Job Duration: 1 Year

    For Self-Employed Applicants :

    • Minimum Age: 21 years

    • Income Tax Return Of Minimum 1 Year

    • Minimum 1 Year into Business

  • Which documents are required to apply for a personal loan?

    The following documents are required to apply for a personal loan.

    For Salaried:

    • Aadhaar Card

    • PAN Card

    • Residence Proof: Rent agreement or Utility bills

    • Bank Statement

    • Income Proof: Salary Slips or Form 16

    For Self-Employed:

    • Aadhaar Card

    • PAN Card

    • Residence Proof: Rent agreement or Utility bills

    • Bank Statement

    • Balance Sheet

    • Income Computation

    • Service Tax Registration, License, Registration Certificate

    • Income Tax Returns