Capital Small Finance Bank home loan
Looking for a home loan? Capital Small Finance Bank offers competitive rates starting at 8.40% p.a. with flexible 30-year terms and no prepayment charges. With minimum income requirements of ₹25,000 monthly for salaried individuals, making your dream home a reality is now more accessible.
Capital Small Finance Bank home loan
Capital Small Finance Bank’s home loan rates start at 8.40% p.a. This competitive Rate makes your dream home more available. The bank lends up to ₹63,37,696 to salaried professionals who earn ₹25,000 monthly and self-employed individuals based on their financial status. The repayment terms are flexible and stretch up to 30 years.
The bank doesn’t charge processing fees or prepayment charges on home loans. Women applicants get unique interest rate benefits, making these loans a great choice. This piece provides all the details about the bank’s home loan products, from interest rates and eligibility requirements to document needs and online application steps.
Capital Small Finance Bank Home Loan Interest Rates
Capital Small Finance Bank adjusts its interest rates according to loan amounts and borrower types. Their rates start at 9.25% p.a. and go up to 12.0% p.a.
Capital Small Finance Bank home loan interest rates for salaried professionals are divided into three tiers. Loans up to ₹25 lakh need an External Benchmark Rate (EBR) plus a 2.25% product spread and 2.75% credit risk premium. Loans between ₹25 lakh and ₹75 lakh have a credit risk premium of 3.00%. Any amount above ₹75 lakh carries a 3.25% premium.
Self-employed borrowers pay slightly higher rates. Their loans up to ₹25 lakh come with a credit risk premium of 2.85%. This premium rises to 3.10% for loans between ₹25 lakh and ₹75 lakh. Loans above ₹75 lakh attract a 3.35% credit risk premium.
The bank resets all floating-rate home loans monthly. Though amendments may apply, these loans help borrowers claim income tax benefits under the Income Tax Law. The bank calculates the final Rate by adding the External Benchmark Rate (EBR), product spread, and credit risk premium.
| Rate of Interest | Max funding | ||
| Credit Score | ROI | Loan Amount | Funding % |
| ≥ 800 | 9.25% – 9.50% |
≤ ₹30 Lakh
|
90%
|
| 750 – 799 | 9.50% – 10.00% | ||
| 700 – 749 | 10.00% – 11.00% |
₹30 Lakh – ₹75 Lakh
|
80%
|
| 650 – 699 | 11.00% – 12.00%+ | ||
| NTC / -1 | 9.25% – 12.00%+ | ₹75 Lakh | 75% |
| Apply Now | |||
Compare Interest Rates on Housing Loans for Top Banks and/or HFCs
India’s public-sector banks lead the market with the most competitive home loan rates. Union Bank of India and Bank of Maharashtra top the list with rates starting at 8.35% p.a. These rates change based on loan amount categories and borrower profiles.
Here’s a complete comparison of current home loan interest rates from major lenders:
| Bank Category | Institution | Starting Rate (p.a.) | Maximum Rate (p.a.) |
| Public Sector | Union Bank of India | 8.35% | 12.65% |
| Public Sector | Bank of Maharashtra | 8.35% | 10.90% |
| Public Sector | Bank of Baroda | 8.40% | 10.60% |
| Private Sector | HDFC Bank | 8.75% | 9.95% |
| Private Sector | ICICI Bank | 8.75% | 12.05% |
| HFCs | Bajaj Housing Finance | 8.50% | Variable |
| HFCs | LIC Housing Finance | 8.50% | 11.25% |
Private-sector banks usually have higher base rates than their public-sector counterparts. Bajaj Housing Finance and LIC Housing Finance stand out among housing finance companies, with competitive rates starting at 8.50%. Borrowers looking for budget-friendly options will find public sector lenders more attractive, as their rates stay lower for loans of all sizes.
Your final rate will depend on your loan amount, tenure, and borrower profile. Loans up to ₹30 lakh typically come with better rates, making it easier for first-time buyers to own a home.
Capital Small Finance Bank Home Loans Fees & Charges
Understanding the fee structure will help you plan your home loan budget well. Capital Small Finance Bank keeps everything transparent with a detailed breakdown of all home loan charges.
The bank charges a processing fee of 0.50% of the loan amount. Your inspection charges will depend on the loan amount:
- No charges for loans up to ₹25,000
- ₹100 per half year for loans between ₹25,001 to ₹2 lakh
- ₹200 per half year for loans from ₹2 lakh to ₹10 lakh
- ₹300 per half year for loans above ₹10 lakh
The bank’s borrower-friendly features make it an attractive choice. You won’t pay any prepayment charges on floating-rate home loans. This feature helps you reduce your loan burden without extra costs.
Document-related charges include fees for:
- Legal documentation and verification
- Property valuation assessment
- CERSAI registration
- Stamp duty (varies by state)
The bank’s no-hidden-charges policy works in your favor. You get complete transparency in all fee-related matters and know exactly what you’re paying for. The bank provides a detailed breakdown of all applicable charges before finalising your loan.
Complete Guide to Home Loan Eligibility and Documentation
Getting a home loan requires you to meet specific eligibility criteria and submit proper documentation. Capital Small Finance Bank provides home loans if you are between 21-65 years old. The minimum monthly income requirement is ₹25,000 for salaried professionals and ₹25,000 per annum for self-employed people.
Your credit score is crucial for loan approval. Scores above 750 are good, while scores between 600 and 750 are average. The bank decides loan amounts based on property value and gives up to 75% of the property cost.
Here’s a breakdown of the maximum eligible loan tenure based on age:
| Age Group | Maximum Tenure |
| 21-45 years | 20 years |
| 46-50 years | 15-19 years |
| 51-54 years | 11-14 years |
You need these documents:
- Identity proof (Aadhaar, PAN, Voter ID)
- Income documentation (Form-16 for salaried, ITR for self-employed)
- Bank statements from the last year
- Property documents with approved maps
Salaried applicants must submit salary slips from the previous three months. Self-employed individuals must provide profit and loss statements and balance sheets from the past three years.
These strategies can improve your chances:
- Add an earning family member as a co-applicant
- Choose a longer repayment tenure
- Maintain a strong credit score
- Prepare adequate funds for a down payment
Women applicants get unique benefits, including variable interest rate concessions, which make homeownership more available.
Digital-First Application Process
Capital Small Finance Bank makes it easy to start your home loan with multiple ways to apply. You can choose between visiting a branch or using their digital services, which make the application process smoother.
Visit any Capital Small Finance Bank branch with your KYC documents and passport-sized photographs. The branch staff will help you fill out your application form.
The bank also offers these ways to get in touch:
| Contact Method | Details |
| Customer Care | 1800 120 1600 |
| lead@capitalbank.co.in | |
| Required Info | Name, Contact Number, Address |
The bank’s representatives stay in touch regularly to help you through the process. Their digital banking options include:
- Capital Mobile+ App
- Capital Mobile Connect App
- Capital E-Saving Digital Accounts
New applicants should include their name, contact details, and current address in their first message. A bank representative will then contact them to process their application and walk them through the next steps.
The bank focuses on digital solutions to process applications quickly. You will receive email reminders about your application’s progress and pending tasks. This approach will give a smooth and hassle-free loan application experience.
Conclusion
Capital Small Finance Bank offers competitive home loans starting at 8.40% p.a. with flexible repayment options. No processing fees or prepayment charges make these loans ideal for cost-conscious borrowers. The bank’s digital-first approach simplifies the loan application, and dedicated representatives provide personal support. The bank welcomes salaried professionals earning ₹25,000 per month and self-employed individuals.
The eligibility criteria accommodate borrowers from different backgrounds. Before deciding, compare the bank’s rates with those of leading banks and housing finance companies. Consider the bank’s fee structure and unique benefits for women borrowers. Capital Small Finance Bank is a reliable partner for home financing with competitive rates, flexible terms, and simple documentation requirements.
