About Capital First Personal Loan

Capital First Ltd. is a nonbanking financial company that was set up with the idea of providing easy finance services to MSMEs (Micro, Small and Medium Enterprises), small entrepreneurs and individuals in need of immediate funds. It was founded in the year 2012 and is headquartered in Mumbai, India. So far, Capital First has successfully financed over 2.25 million customers including MSMEs and self-employed individuals. It offers easy financing options ranging from INR 10,000 to INR 25 lakh for all kinds of tenures. Capital First personal loan can be used for any immediate requirement of the borrower, including holiday, wedding, home improvement, medical emergency, vehicle purchase, children’s education and/or debt consolidation. Below you can find detailed information on Capital First personal loan eligibility criteria, features and the related fees/charges.

Personal Loan Eligibility Criteria for Salaried / Self-Employed

The management at Capital First firmly believes that a personal loan is meant to fund your immediate needs, without making you wait for too long. They establish their personal loan eligibility criteria on some very simple parameters. The existing borrowings and credit scores of the applicants are also taken into consideration. Both salaried employees as well as self-employed individuals can apply for Capital First personal loan. While in case of salaried individuals, they must fall in the age bracket of 23 years to 58 years (at the time of loan maturity), the minimum and maximum age limits for self-employed people are 28 years and 68 years respectively. For self-employed people, their business must have been in existence for at least 3 years and they should be making consistent profit over the past 2 years. Following are latest details on Capital First personal loan eligibility criteria for salaried and self-employed individuals.

18 – 65 years

Age (Min – Max)

4k to 65k

Minimum Income (Metro Cities)

4k to 65k

Minimum Income (Other Cities)

18 – 65 years

Age (Min – Max)

4k to 65k

Minimum Income (Metro Cities)

4k to 65k

Minimum Income (Other Cities)

4k to 65k

Minimum Income Doctors/ Chartered Accountants

4k to 65k

Minimum Income Company Secretary / Architect

4k to 65k

Minimum Income Self Employed (Businessman)

Capital First Personal Loan Features / Details

Anyone interested in and eligible for the Capital First personal loan can obtain instant online approval within few minutes. The loan amount availed can range from INR 1 lakh to INR 25 lakh with a flexible repayment tenure between 12 months to 60 months. You can even borrow more money by taking advantage of their top-up facility. Furthermore, the offered interest rates are reducing in nature. Below-mentioned are up-to-date and more details related to Capital First personal loan features.

18.25%

Interest Rate (Min)

Upto XX Years.

Loan Tenure

25k to 50Lacs

Loan Amount (Min – Max)

Capital First Personal Loan Fees / Charges

Capital First personal loan involves a processing fees of 2% (plus GST) which is deducted from the disbursed loan amount. Every personal loan disbursed has a lock in period of 6 months. You can foreclose the account after 6 months by paying foreclosure charges of 5% on the POS (principal outstanding amount). Many other charges like amortization schedule charges, late payment fee, duplicate document charges, prepayment charges etc. might apply depending upon the circumstances. You can find updated details on all these charges below.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees