Financers like Capital First attracts customers through their So called 0% intrest on durable loan scheme but there is a lot in their terms and conditions section. Behind their scheme they charge 2% Processing fee on MRP of the product i.e. nearly equal to the amount if intrest is paid on the product.
Also they implies an overdue charge of more than 40% of the EMI if customer isn’t able to deposit the EMI on specific time.
They are Cheaters. I request others not to trust capital first at all.
Thank you.