Capital First is a leading provider of financial services and products for the retail as well as business customers in India. It is a well-known Non-Banking Financial Company or NBFC which was established in 2010 with an aim to support MSMEs and retail customers to help finance their requirements of debt. Over the past years it has grown fast to become a leading provider of personal and business loans in India. Their suite of products and services include unsecured personal loans which are given in the range of 13-20% rate of interest for salaried individuals and 23-26% for self-employed individuals.
The loan can be availed for a variety of reasons from wedding/marriage to travel, medical needs and home renovation. Being unsecured, personal loans from Capital First do not require any security, collateral or guarantor. The loans are extended for a tenure ranging between 1 to 5 years with facility for foreclosure after 6 EMI’s upon payment of relevant processing fees. The eligibility criteria for a Capital First Personal Loan include: