CAPITAL FIRST 2018-06-27T13:57:41+00:00


Founded in the year 2011 CAPITAL FIRST is the brainchild of Mr V.Vaidyanathan. Having confidence in his vision that India’s rising middle class presented an immense opportunity for financing, he gave up a lucrative career & took up the road to entrepreneurship.

Mr Vaidyanathan began his new venture by acquiring stakes in an existing NBFC& backed it up with equity of 8.10 billion from Warburg Pincus. Giving up his legacy business, he transformed the wholesale business of the existing NBFC into retail financing. He worked out a unique strategy on the based on the use of latest technology & deep analytics for financing of MSME’s & consumers in India.

Achieving overwhelming success Capital First has grown from 5 locations to 222 branches all over India. The retail financing book of the Company has grown from ₹. 0.94 billion ($14 Mn) to ₹. 183.53 billion. The company enjoys the highest long term credit rating of AAA.

Why Choose Capital First

Capital First is focused on building an institution on the strong pillars of ethics, values and prompt customer service.

Aided with the latest technology the company aims at giving spending power to the multitudes of our country by a differential model.

 It is now possible for the evolving middle class of our country to fulfil their aspirations!: Finance is easily available via a personal loan to cover medical emergencies, home renovation expenses, marriage, higher education costs, and business capital requirements.

Giving focus to a hitherto underpenetrated sector Capital First has created new models of Financing; with this unique approach, Capital First has financed more than 4 million customers as of 31 March, 2017.

Eligibility Criteria

  • An applicant applying for a Personal Loan from Capital First should be a citizen of India.

  • Age – Capital first offers Personal Loans to applicants above the age of 21 years up to the age of 60 years at the time of maturity of the Personal Loan.

  • Income- Minimum Income should be above 20,000/- net per month. This amount should be transferred to the salary account of the customer account of the customer every month.

  • Residence Stability – To ensure that the applicant is easily contactable, he must have a vintage of 6 months or more at the current residence address. A physical verification is conducted at the residence of the applicant to confirm the authenticity of the address proof & details submitted.

  • Educational Qualifications-Applicant should be a graduate.

Prominent Features of the Capital First personal loan

No Guarantee or Collateral required

Personal Loan from Capital first is processed solely on behalf of the customer profile. There is no requirement of a co lateral to be given, or a guarantor who will validate your ability to pay back the Loan.

Rate of Interest

The Interest Charged by Capital First on the loan amount sanctioned is varies from 15% to 22%.Interest charged is at a monthly reducing balance. The instalment established will remain fixed for the entire tenure of the Loan.

Processing fees

Capital First levies a 2% (plus taxes) for the process & decision making of the Personal Loan Application. This amount is normally deducted from the Loan amount, so the applicant need not pay anything upfront.


The tenure is the period of time for which the Loan is sanctioned. The tenure for which Capital First will issue the personal loan is from 12 months to 60 months.

Pre Closure

The Pre closure is a charge which the customer has to pay in addition to the existing principal balance, if he wishes to pay back the Loan before the tenure has been completed. An applicant is allowed to pre close the loan after 6 months.

Loan Insurance

The applicant has an option to insure his Personal Loan from Capital First, the insurance can be opted for at the time of processing; the insurance charges will be deducted from the Loan amount.

Personal Loan Amounts Offered by Capital First

Personal loan amount offered by Capital First range from ₹ 50,000/- up to ₹ 100, 0000/-

The loan amount is sanctioned as per the following criteria:

The Loan amount applied for

The applicant has to specify the Loan amount required while filling in the application form.
It is as per the discretion of the Credit Manager as to the Loan amount approved.

Net Income

The net income of the customer will govern the amount of Loan he can be sanctioned, so that he is able to return the amount borrowed conveniently within the prescribed tenure. Earnings of the spouse & parents can also be added to the Income.

Company Category

Capital first has established an exhaustive list of companies’ based on their net worth & financial stability. An applicant employed with a company featuring on the list will be funded maximum loan amounts.


The Credit Bureau of India Limited (CIBIL) maintains a complete record of all the credit transactions of an Individual in the form of a Loan or credit card.

A high credit score signifies that the applicant is likely to be responsible towards the credit due. Hence forth the Maximum Loan will be forwarded to him by the Institution.

Monthly Instalment to be paid

The applicant should be comfortable in paying the monthly instalment due. Any Previous Loans running or credit card dues to be paid will be taken into account before sanctioning the final Loan amount.

The Personal Loan Process

Capital First has adapted a new system for the process & decision making of its Personal Loan applications: It ensures a record processing time, with an on principal approval given within 48 hours of the receipt of the application. The process steps are as follows:

The Customer applying for a Personal loan is required to fill in the Capital First Personal loan application form with all the requisite documents. (Our representative from Your Loan Advisors will be at your service to help you complete the application & submit the file on your behalf)

The details of the applicant are entered into the Capital First Personal Loan scoring system.

If the score achieved is above the basic minimum score required, the applicant gets a message of a statuary approval or else a decline.

All approved applications are then forwarded for office & residence verification.

Finally the Credit manager will collate all the inputs & give the final decision as to the loan amount sanctioned.

If the applicant is keen on taking the Loan amount sanctioned, a loan agreement will be signed by the applicant.

The applicant is required to submit security cheques as per the tenure decided.

The Loan amount will be then transferred by ECS to the salary account of the customer.
The processing fees & insurance charges will be deducted from the Loan amount.

Advantages of a personal Loan from Capital First

  • A streamlined process ensues a quick turnaround time.
  • Capital First funds to applicants in listed & non listed companies.
  • Ease of Minimal documentation requirements.
  • Transparent process with the best in class Rates of Interest rates.
  • Use of updated technology & systems.
  • Efficient & Prompt customer services.

Charges for Capital First Personal loan

Rate of Interest 10.75% -18% @ monthly reducing balance
Lowest EMI ₹. 2,432 per lakh
Loan Tenure From 12 months to 60 months
Loan Amount Min ₹. 50,000 and Max ₹. 25,00,000
Processing Fee 1.99%
Prepayment Charges Not allowed
Foreclosure Charges Allowed after 24 EMI’s, 5% foreclosure charges
  • Taxes will be levied as per government rules & regulations.
  • Your Loan Advisors offers its services to customers completely free of charge.

Documents Required for Process of your Personal Loan application

  • Filled up application form
  • Passport Size Photo
  • Income Tax PAN Copy
  • Identity Proof – Driving License/ PAN/ Passport/ Voter ID
  • Residential Address Proof – Registered Rent Agreement/ Passport/ Leave and License/ Utility Bill (upto 3 months old)
  • Income Documents – 2 years Form 16, 3 month pay slip, 3 months bank statement showing salary credit and any EMI debit