Capital First Personal Loan

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About Capital First

Capital First Limited is one of the fastest growing Non Banking Financial Companies (NBFC) in India with the highest long-term credit rating of AAA. With its high commitment to serve financial needs of retail lending customers, including MSMEs, the NBFC has witnessed exceptional growth in the last five years.

The financial institution was launched with a clear vision of funding the middle-class and emerging middle-class, comprising 50 million MSMEs in the country. The company aims to fund the unfunded and unbanked segments for extending better opportunities to Indian nationals. As on 30 September 2018, the CFL has served over 70 Lakh customers in more than 225 locations across India.

The company boasts off basing its financial products and services on new technological models and deep analytics. They extend lending services for several purposes including business expansion, loans for plant and machinery, office furniture, display panels, etc.

Weighing on high business ethics, human values, and corporate governance; the company has maintained good asset quality over the years.

Capital First Personal Loan Interest Rate January 2019 ( Updated)

Interest rate

10.99% - 17%

Loan tenure

5 Years

Loan turn around period

1-7 Days

Processing Charges

1.5 % of loan sanctioned + Taxes

Who can apply?

Self-employed professionals

Salaried individuals

Indian residents

Dishonour Charges

750 per instance

Lowest EMI

2,174  Per Lakh

Why Choose Capital First Personal Loan?

We all have certain dreams that get compromised due to a shortage of finance. Capital First Personal Loan helps you to fulfill your dreams with easy financing. You can take a Personal Loan from Capital First as a Short Term Loan for Business, Wedding, Medical Expenses, Home Renovation, Vacation and much more. You can borrow up to 25 Lakh for 60 months at a competitive rate of interest. 

There are multiple reasons to choose Capital First Personal Loan over the other variants available in the market, such as:

  • Quick Approval
  • High Sanction
  • Multi-purpose loan, no restriction
  • Online Processing
  • Attractive rate of interest
  • Substantial tenure to repay
  • Flexible repayment mode
  • Affordable EMIs
  • Minimal documentation
  • Tailored offers
  • Access to customer portal

Besides, the loan is entirely processed online, ensuring complete convenience and peace-of-mind to the borrower. You can keep track of your loan status online via your mobile phone by visiting the customer portal.

In all, if you decide to apply for Capital First Personal Loan, you are applying for convenience and a high-rate financial product from the market.

Capital First Personal Loan: Features and Benefits

Before you apply for a Personal Loan, it is essential to know about the features and benefits of the same precisely. At MyMoneyMantra, we educate and assist borrowers to avail the desired loan at the best price. This helps them make an informed decision.

Here are some of the underlying features of Capital First Personal Loan:

  1. Easy Application: Capital First Personal Loans are quick and hassle-free, ideal for borrowers who need fast credit at low turnaround time. The product is designed to extend financial freedom to all eligible applicants.
  2. Access your eligibility online: It is almost instantaneous to access your eligibility for Capital First Personal Loan. With online assistance, you can find out if you are eligible for Personal Loan or not within a few minutes.
  3. High Loan Amount: Both salaried employees and self-employed professionals can borrow extensive Personal Loans ranging from 1 Lakh to 25 Lakh as per their requirement and loan eligibility.
  4. Flexible Tenure: Unlike many other online personal loan products that extend credit for a maximum of 2 to 3 years, Capital First Ltd offers greater freedom to the borrowers with higher loan tenure ranging up to 5 years (or 60 months). You can borrow Personal Loan form Capital First for a minimum of 1 year (12 months).
  5. Top-Up facility: You also get a facility to top-up your Personal Loan.
  6. Fast Processing: Capital First promises fast disbursal within 2 working days after verification of documents.
  7. No Security or Collateral required: To avail Capital First Personal Loan you do not need any loan security or collateral. The loan is entirely an unsecured loan.
  8. No Guarantor: You do not need any Loan Guarantor for Capital First Personal Loan.
  9. Flexible Repayment: The NBFC extends flexible repayment modes including ECS, PDC, NEFT, RTGS to the borrowers.

Capital First Personal Loan Interest Rates

The NBFC ensures that the rate of interest rate is competitive and as per the credit profile of the customer. To transfer maximum price benefit to the consumer and keep the cost of loan low, Capital First calculates Personal Loan EMI on a reducing interest rate basis. In the reducing interest rate method of EMI calculation, every month after the payment of monthly instalment the principal amount is reduced for the calculation of next month's EMI.


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Capital First Interest Rate

Starting from 10.99-17%*

Starting from 18% p.a

*The rate of interest varies as per risk assessment of the customer by Capital First Limited.

Capital First Personal Loan: Processing Fees & Other Charges

Capital First Personal Loans are transparent loans. All charges and fees are clearly disclosed on the loan agreement. You must read the enclosed document carefully so that there are no last-minute surprises.

Besides interest rate, certain fees and charges are also added to the cost of your loan. Here is a list of all expenses pertaining to your Personal Loan:

Capital First Personal Loan Processing Fees & Other Charges

Charge Purpose


EMI Bounce

400 each month

Late payment/Penal charges

2% of unpaid EMI or 300 (whichever is higher) per month

Cheque Swap

500 per instance

Cancellation & Rebooking

1000 or 5% of Principal (whichever is higher)

Foreclosure / Prepayment

5% of outstanding principle

Duplicate NOC


Repayment Schedule


Statement of Account


Document retrieval


Stamping Charges

As per actual

Processing fees

As per loan agreement

EMI Pick up/ Collection Charges



  • Please note that the due date for running ECS mandate is the 5th of each month.
  • Failure in the payment will add up the late charges. GST and other taxes are included in the rates shared above.

According to Capital First Policy, schedule of charges can be changed as per the company's discretion.   

Types of Personal Loans Offered by Capital First

Pre-Owned Car Loan

The first personal vehicle is always a special one. Realising the interests of the first-time car buyers, Capital First extends loans up to 200% of vehicle's value for up to 84 months of tenure for buying a used car.

Two Wheeler Loan

Capital First offers flexible and affordable credit for buyers of two-wheelers. To finance your bike/ scooter purchase, you can raise up to 95% of vehicle's value as a loan for up to 5 years.

Consumer Durable Loan

Keeping pace with consumer shopping preferences, Capital First offers instant finance to borrowers for buying consumer durables at 0% Interest Charge with minimal documentation. The loan approval is guaranteed within 2 minutes. You can avail the affordable EMIs with flexible tenure up to 36 months.

Capital First Personal Loan: Eligibility Criteria

Keeping loan processing transparent for the customers, Capital First has outlined straightforward eligibility guidelines for the borrowers.

Self-Employed Professionals and businesses

  • For Capital First Personal Loan, the business must be in operation from a minimum of 3 years.
  • The financials of the last two year must be in positive.
  • The applicant must be at least 28 years of age and a maximum of 68 years (before the loan maturity).


Salaried Employees

  • The salaried must have a stable monthly income of 35000.
  • The minimum age should be 23 years, and the maximum should be 58 years before the loan maturity.

Documents Required for Capital First Personal Loan

Keeping customer convenience in mind, Capital First has placed minimal documentation requirement for salaried as well as self-employed employees. You need to establish your photo identity and submit address and income proof to avail the loan. Besides MyMoneyMantra representatives take every effort to help you file your documents correctly.

Documents required for Personal Loan by Capital First Limited

Verification of

Documents (Self-attested copy of any one required)

Photo Identity

Aadhaar Card/ Passport/ Pan Card/ Voter's ID/ Driving License 


Aadhaar Card/ Ration Card/ Passport/ Bank Account Statement/ Driving License/ Latest Utility Bills, i.e. Electricity Bill, Telephone Bill etc./ Rent Agreement/ Property Sale/ Purchase agreement


For Salaried employees:

  • Bank Statement for Last 3 months or 6 months
  • Latest Salary Slip


For Self-Employed:

  • ITR of last 2 years
  • Financial statements such as P&L account and Balance Sheet for last 2 years
  • Bank Statement for the last 6 months


For Self-Employed Individuals:
Proof of Qualification such as Graduate/Post Graduate degree or professional certificate /Certificate of Practice (COP), Shop Act License/ MOA & AOA/ Sales Tax/ Vat registration/ Partnership Deed

Other Products by Capital First

Capital First Business Loan

Capital First Ltd offers complete financial freedom to the business owners. Whether you are a start-up or a small or medium scale business firm, you can apply for a Business Loan from 3 Lakh to 75 Lakh for flexible Tenure ranging from 1 to 5 years. The Business Loans from Capital First also extend the Top-Up facility to the users which impart more flexibility to the borrowers.

Capital First Home Loan

Capital First Home Loans are designed as easy-to-apply housing finance product. You can instantly apply for online Home Loans up to 90% of the value of the property. The actual loan amount depends on your eligibility.


Capital First Loan Against Property

Capital First Loan Against Property is conveniently available against your property. Be assured to get loan up to 90% of property market value for amount varying from 5 Lakh to 10 Crore. The loan is available for extensive tenure up to 20 years.

How to Calculate Capital First Personal Loan EMI?

You can conveniently calculate the exact load of Personal Loan on your shoulders using an online Personal Loan EMI Calculator by MyMoneyMantra. It is a hassle-free and easy-to-use financial tool designed to extend convenience to the borrowers.

All you need to do is fill the Loan Parameters including Loan amount, interest rate and tenure; and press the CALCULATE button.

The tool will instantly provide the break-up of how much you are required to repay as a monthly instalment. A visual representation will help you understand the total repayments as the loan interest and total repayments.

You can calculate different combinations of Loan tenure and rate of interest to find the best loan deal. The tool is absolutely free to use.

The other MMM financial tools that you can use include: Balance Transfer Tool, Prepayment Amount Calculator, and How soon can I pay off Tool.

Latest News

IDFC Bank and Capital First Merged; Renamed as IDFC First Bank

The merger between private sector lender IDFC Bank with Non-Banking Financial Company Capital First has resulted into a new banking entity ?IDFC First Bank Limited? with effect from January 12, 2019. The merger was announced on December 18, 2018. The IDFC First Bank has a combined loan asset book of 1.03 lakh crore and existing customer base of 7.2 million people.

Capital First Q1 net up 55% at 101.5 cr

One of the fasting growing NBFCs in the country, Capital First has reported an impressive 55 % increase in net profit in the quarter ending June 2018. The net profit is value at 101.5 crore, and the growth is driven by higher credit penetration and better asset quality.

SMECorner raises 47.5  cr from Capital First, Accion Venture Lab, Others

Online micro-lending platform SMECorner has raised massive 47.5 crore from Capital First, Accion Ventures Lab and a group of other high net worth individuals. Capital First will own a 14.2% stake in SMECorner post this investment.

Capital First picks 7% stake in Village Financial Services

Capital First has picked up a 7 percent stake diluted by the promoters of Village Financial Services (VFS), which is a Kolkata-based NBFC-MFI. This is the second private-equity funding by the Kolkata-based NBFC-MFI in the past six months.

Capital First, IDFC Bank merger gets RBI nod

The Reserve Bank of India has extended its approval for the merger of Capital First Ltd and IDFC Bank. The deal is expected to be completed in four to five months.


Do I need a loan security to get approved for Capital First Personal Loan?

You do not need any security or collateral for Capital First Personal Loan. The loan is approved based on borrower's profile. There is no requirement for any guarantor or co-signee to avail a Personal Loan.

Do I need to visit the physical branch at any step?

No. You do not need to visit the Capital First branch at any step for approval of a Personal Loan. After you fill the online application, the loan is processed online. After you apply for the loan, the amount is directly disbursed after the verification of documents and sanction of the loan.

Is it possible to change my EMI due date?

No, Capital First doesn't allow you to change the EMI due date for Personal Loan.

What are the available modes for Personal Loan repayment?

You can repay your Personal Loan online from the mobile application. Choose electronic clearing service (ECS) or post dated cheques (PDC).

How do I check my due EMI and Loan Status?

The Personal Loan EMI is due on 2nd or 5th of every month. You must ensure enough balance to ensure the success of the ECS mandate.

Log in to the customer portal to check the loan status. You can download Loan Account Statement, applicable charges and repayment Schedule there itself.

What happens when my loan repayment fails?

When your ECS mandate fails, you are charged with Bounce Charge (on the unpaid instalment) and Late Payment Fee.

How do I update my email, address, and phone number?

To update your personal data, all you need to do is contact the helpline at 1860-500-9900 or write an email at The demographics will be formally updated in the system.

Can I make advance EMI payment?

A Personal Loan customer can make an advance payment for 1 month online or by visiting the branch. However, please make sure you also call customer care at 1860-500-9900 and share payment transaction ID, so that ECS is not processed next month and no bounce charges are credited from your account.

How to foreclose my Personal Loan?

To foreclose the Personal Loan, visit the nearest Capital First Branch and pay via cash, cheque, or Debit Card. The e-receipt of the payment will be mailed to the registered email id. Please note that the maximum limit on cash repayment is 50,000.

Can I cancel my Capital First loan application if I do not want to raise it any longer?

Yes, you can certainly cancel your Personal Loan application if you do not want to borrow it any longer. The Personal Loan cancellation is free of cost for approved loan applications. You can request cancellation by contacting customer care online or by a call.

Why Apply for Capital First Personal Loan on MyMoneyMantra?

Whether you are a first-time loan borrower or already have multiple loans, there are several benefits of applying for a Personal Loan on MyMoneyMantra. Apart from convenience and customer satisfaction, certain advantages of using MMM services are listed below.

Free Loan Advice: MyMoneyMantra extends free loan advice to the borrowers. We do not charge any fee from the consumers. Our team is dedicated to answer all your loan related queries and committed to help you find the best deal at the best price.

Customised Deals: Our loan advisors are dedicated to help customers find the best deal according to their preferences. We help you find the desired loan at the best rate from a reputed lender.

Free Choice: We list the best available loans according to your preferences. You can choose without any obligation.

Affordable EMI: We help you learn about the most affordable EMI Loan according to your profile and budget.

Flexible Repayment Mode: You can choose the repayment mode according to your convenience.

Credit score: A good credit score makes you eligible for a low rate of interest. At MMM, we assess your credit score at free of cost and search out the real-time deals for you. We ensure that you get the maximum benefits for your profile.

At MyMoneyMantra, we are committed to extend free loan assistance and profile assessment service for the borrowers. Our Mantra is clear to help each of our customers, irrespective of the ticket-size, find easy finance according to their budget.

How to Apply for Capital First Personal Loan on MyMoneyMantra?

It is completely hassle-free and convenient to apply for Personal Loan on MyMoneyMantra.

Steps to Follow:

1. Online Application

Visit MyMoneyMantra official website and fill the Personal Loan form. Share your name, contact number, email id, loan requirement, the city of residence, employment type to complete the form.

An OTP is created, and you will get a unique customer id. A loan advisor will call you and answer your loan queries.

You can conveniently apply for the Capital First Personal Loan on MyMoneyMantra or e-connect with the lender on our website itself.

2. Document Submission

As you select the product as Capital First Personal Loan, we will direct the lender to collect the required documents (if any) for fast loan processing. We assist you to file the required documents as per the lender's policy so that there is no unwarranted delay at any point.

3. Verification

After you submit the documents, the lender will verify your application. We keep in touch with the lender to ensure that there is no hassle whatsoever.

4. Approval & Disbursal

We are committed to help the borrowers avail fast personal loans. Right from loan choice, to loan approval, to loan disbursal, MyMoneyMantra ensures quick turnaround of loan for you.

Capital First Personal Loan Customer Care

If your Personal Loan is not approved yet, you can track your application status by calling Capital First Toll Free Helpline: 1800 103 2791

The existing customers can check the status of their Personal Loan online by logging into Capital First Customer Portal.

However, if you have any complains, suggestions or queries regarding your ongoing Personal Loan, you can contact Capital First Customer Care at 1860 500 9900.

The helpline is available from Monday to Saturday between 9 am to 8 pm.

You can also write an email at

Alternatively, you can visit the branch and raise the query by meeting the Customer Service Executive. The branches are open 9:30 AM to 5 PM, from Monday to Friday; and 9:30 AM to 2 PM on Saturdays. The branches will also be closed on first and second Saturday every month, besides the respective State Holidays.

In case you are dissatisfied with the status of your complaint, contact Grievance Redressal Officer via phone or email.

Capital First Nodal Officer Contact No: 022 61185811



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