Apply for Tata Capital Personal Loan Online   4.97 stars, based on 30 reviews

Interest Rate EMI
13.50% - 17.00%

(fixed)

2,301 - 2,485

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 5% fee thereafter

Part-Payment Option

Not available

Max Eligibility: 40,00,000

yrs

Increase tenure to reduce EMI/maximize Eligibility.

Offer
Interest Rate EMI Processing Fees
13.50% - 17.00%

(fixed)

2,301 - 2,485

(per Lakh)

Tata Capital Personal Loan

Tata Capital is a name which is trusted by millions for being one of the leaders in nonbanking financing. The company offers its loan options keeping in mind the customer needs and thus it offers its Personal Loan option with attractive interest rates and loads of their features which are tailor made to suit your personal needs when they arise. With a dedicated credit management team, the company offers this segment of all salaried and self-employed people who need finance and gives them a reason to live on with self-respect 

Features of the Loan

Life is uncertain and so are situations. Some bring loads of pleasure while others bring responsibility and that’s when our financial need arises. The need may be your wedding or someone else`s in the family or it may be the holiday you promised your son or it may the quick repairs or renovation of your dream home or it may be an uncertain medical expense. Tata Capital Personal Loans are just the fix with its flexible and affordable Personal loan which supports you when you need money the most. It’s a multipurpose loan with no collateral. Personal loans as high as INR 1,500,000 can be availed at extremely manageable interest rates. The money is there for you to feel free not more confined.

Benefits of Tata Capital Personal Loan

Tata Capital Personal Loan is loaded with benefits and makes it the front runner. It is a multipurpose loan which can be used for any family occasion like weddings etc., for supporting your child`s education at any level or even to reface your house or can even be used to make urgent payments or pay off loans. The loan does not need any collateral or asset submission which lets you feel free. This is the most attractive feature of this loan because most people feel uncomfortable submitting assets for loans. The documentation and paper work in minimal which keeps you hassle free. The variety of repayment options is another added benefit. The affordable interest rates make Tata Capital Personal loan easily affordable.

Why should you choose Tata Capital Personal Loan?

Personal Loan is designed to help you with your finances in needs which are varied in nature and change from person to person. Tata Capital understands this and thus its personal loan is designed specifically for this purpose. The loan is custom designed to suit the needs and financial conditions of people belonging to all walks of life and various industries. This loan should be availed because it has the flexibility to suit all your needs when you want them the most. The no collateral option helps you in remaining tension free as the asset remains with you while you utilize the loan.

How to apply online for Tata Capital Personal Loan?

To apply online for a Tata Capital Personal Loan you can log on to Finance Buddha and fill in your query on the home page by selecting the Personal Loan Option under ‘what do I want’. Enter the amount of loan you desire and click search. You would be directed to comparison window. Here you need to first fill in your details regarding your company or organization, your loan requirement and any existing EMI`s. After which you shall have the lenders options. Click on Tata Capital and choose Apply Now. Type in your phone number and an OTP would be generated. Fill in the OTP and you shall be directed to the application page fill in the details and complete the form and submit. The loan granting officials would contact you soon.

Eligibility Criteria for Tata Capital Bank Personal Loan

Tata Capital Personal Loan is available to employees of the segments of Multi-National Corporations, Public Sector Companies, Micro Medium and Large Private Ltd. Companies, State government employees, central government employees, Bank employees, government engineers, architects, doctors, teachers, defense personnel etc and also to self-employed people who are proprietors of partners in firms
Eligibility for Salaried Employees
• The age limit for availing the loan is bracketed between 21 to 58 years 
• The applicant needs to fulfil the criteria of employment stability of 2 years 
• The minimum income bracket for the same is INR 30,000 per month.
• The minimum loan amount is INR 75,000. 
• The capping on the maximum loan amount is INR 1,500,000. 
• The time duration for which the loan amount can be availed is 12 months to 72 months.

Eligibility for Self Employed Professional and Businessmen
• The age limit for availing the loan is bracketed between 21 to 65 years 
• The applicant needs to fulfil the criteria same business/city for a minimum of 3 years(For Graduate doctors: Minimum experience of 10 years
• For Businessmen the business for a minimum of 3 years, and also have a total work experience of 3 years
• The minimum income bracket for the same is INR 200,000 per year 
• Minimum loan amount is INR 75,000 for businessmen while for self-employed professional it is INR 300,000 
• The capping on the maximum loan amount is INR 1,500,000. for business men and INR 2,000,000 for self employed professional
• The time duration for which the loan amount can be availed is 12 months to 48 months.

Documentation Required for Applying for Tata Capital Personal Loan

The following documents are needed to apply for a Tata Capital Personal Loan:
For Salaried Employees 
1. The Application Form
2. Your Photograph
3. An Identity Proof Document (Voters ID /Passport/Driving License, etc,).
4. Last three-month salary slip as income proof
5. A Bank Statement of personal Bank account of last 3 months
6. A Residence proof document (Ration Card/Electricity Bill/ Passport, etc.,.)
7. Two-month employment stability proof

For Self Employed Professionals and Businessmen
1. The Application Form
2. Your Photograph
3. An Identity Proof Document (Voters ID /Passport/Driving License, etc,).
4. A Bank Statement of personal Bank account of last 6 months
5. A Residence proof document (Ration Card/Electricity Bill/ Passport, Bill/Rental Agreement/Trade License/Sales Tax Certificate, etc,. etc.,.) 
6. Proof of Highest Professional Degree for Professional and Latest Income Tax Return(ITR) along with the computation of income, Balance sheet(B/S) and Profit& Loss(P&L) for the last 2 years certified by a CA for professionals while Proof of Continuation: Trade License/Sales Tax Certificate/Establishment. Certified copy of Partnership Deed, Memorandum of Association (MOA), Article of Association (AOA) and Board Resolution

Interest Rates, Fees & Charges on Tata Capital Personal Loan

Tata Capital Personal Loans offer great interest rates which allow you to feel relaxed Rate of interest is the biggest worry for any loan applicant. Tata Capital Personal Loans offers loan amounts at varied interest rates depending upon the base rate set by RBI Loan processing charges 1.50% to 2.00% +Service Taxes are applicable on processing the loan amount to customer.
• The PDC charges for the same are INR 850.
• If the post-dated cheque bounces then charge @ INR 450 are applicable.
• The cancellation charges are applicable @2% of the loan amount of INR 5750 whichever is higher. 
• Charges for issuing a duplicate NOC would stand at INR 550 while the swapping charges would be INR 600. 
• If you intend to repay the loan before the actual date i.e. foreclosure then foreclosure charges would be 4.5% of the principle outstanding at the time of foreclosure plus the service tax applicable. The foreclosure charges for top ups would be 2%on the future principle outstanding on the existing loan plus service tax as applicable. 
• The duplicate repayment schedule shall be issued on charge od INR 550. 
• Section 138 and 25 charges are INR 3,400 while Arbitration Filing Charge is INR 4,000. 
• The Receiver order of district court shall be charged @INR 4,000 while receiver order of the High Court shall be charged @ INR 13,500. 
• Notice sending charges shall be INR 125 while a legal notice shall be sent at the charge of INR 2,000.
• The execution of Award would be charged at INR 5,600. 
It is advised that the customer verifies all details with the bank in person and also updates the information regarding the same regularly in order avoid any future issues.

Frequently Asked Questions

How Much Time does it take for loan approval?

The Turnaround Time (TAT) depends on the customer, the case, the amount and the documentation served by the customer. Also all positive outcomes of customer profiling is undertaken. The credit managers make it sure that it takes 4-5 days for salaried employed and about 7 days for self employed

What can be my loan duration option?

The loan can be availed for a period of 1 year to 6 years for salaried employees while for self employed people it may range from a year to 4 years

I am already a loan payer. Am I eligible for a personal loan?

Yes. But this completely depends on your past EMI`s and regularity and the number of loans you have availed earlier

Is foreclosure of the loan permitted? Are there any charges on the same?

Foreclosure is only possible if all outstanding payments have been made. Foreclosure would only be allowed post this. However, a Foreclosure is chargeable at 4.5% of the principle outstanding at the time of foreclosure plus the service tax applicable. The foreclosure charges for top ups would be 2%on the future principle outstanding on the existing loan plus service tax as applicable.

Where can I apply for the loan offline?

You may contact customer care at any time and ask for a client visit You can also use SMS to apply for the loan

I am a business man. Can I avail personal loan for office purchasing?

Yes, you can personal loan schemes allow you do that but contact the company for further details.

Does CIBIL play a role in the loan approval?

Certainly, as it is a measure of your financial status and your loan histories. Maintaining a healthy CIBIL score would ultimately help your application and also the amount of loan you get and also the duration.

I am an online seller. Can I avail Personal Loan to market my business?

Yes, you can. Contact Tata Capital for further details on online e-commerce partners and their loan and interest options.

What are the repayment options?

You may repay through ECS (Electronic Clearance System) by instructing your banker to deduct the EMI from the provided Bank Account, or you may also pay through post-dated cheques.

Do I need to provide collateral for the loan?

No collateral is required for Tata Capital Personal Loan. You do not need a guarantor either.

Reviews

The people with the magic wand in their hand! They helped me gain a loan with the Tata Capital without any hassle in the documentation process as they carried it on my behalf and the whole processing and disbursal of the loan were also quicker than expected.

 5/5

Finance Buddha the team of the best Indian banking minds! Yes, they helped me gain a personal loan with Tata Capital. I applied for the loan and the quick processing and the hassle free documentation process just made me a fan of them. They are truly exceptional!

 5/5

The loan amount was transferred in my bank account within 4 days. Yes! I was surprised to see the quick processing and the disbursal of the loan by the Finance Buddha team in providing me with a personal loan with the reputed institute of Tata Capital who also gave me incentives for the payment of the loan and interesting interest rates.

 5/5

These guys are worth more than just thanks as they changed my life by providing me with a personal loan with Tata Capital and with incentives such as lowest interest rates and processing fees along with no hassle in the documentation process during the loan.

 5/5

These guys truly helped me in my worse times by availing me a Tata Capital personal loan . I applied for the loan with Finance Buddha and it was processed in a day along with the disbursal of the loan in 4 days of the application.

 5/5

The Finance Buddha team was extremely supportive during the whole loan process. They helped me secure a loan with the Tata Capital without any hassle of the documentation process as they carried it out on my behalf and quick processing and disbursal of the loan were like a cherry on the top.

 5/5

The credit for my uplifted life goes to Finance Buddha as they helped me gain a loan with Tata Capital who was flexible enough to provide me with the loan without any hassle as the whole documentation process was easy and at the lowest interest rates.

 5/5

Getting a personal loan for my studies I was quite mesmerized. The Finance Buddha team helped me gain a loan with the Tata Capital institute which provided me with a loan at easy documentation without any hassle as it was carried out by the executives on my behalf.

 5/5

The people who removed my fear of taking a loan, Finance Buddha executives helped me gain a loan easily. I got the loan with Tata Capital who was flexible enough to understand my need and provide me with a loan which was quickly disbursed to me.

 5/5

Finance Buddha team the backbone to my loan disbursal. They supported me and I was able to secure a loan with Tata Capital who helped me in the payment process as well as the low interest and the processing fees during the loan process making it just wow.

 5/5

Finance Buddha team executives just set you in a mode of relax. They help you with the loan process with so much dedication that you don’t feel the burden. I got a loan with Tata Capital all because of the support of the Finance Buddha team.

 5/5

They truly excel at their work and this would not have been possible without them. I was able to secure a personal loan with Tata Capital with the help of the support of Finance Buddha team who was extremely helpful in the delivery of loan.

 5/5

The stress busters for your loan! Finance Buddha guys helped me get a personal loan with Tata Capital who provided me with additional incentives of easy payback of the loan and the quick processing and disbursal of the loan at my doorstep within 4 days of application.

 5/5

They truly have a gift when it comes to the loan processes. I got the loan with the Tata Capital at the lowest interest rates and processing fees I could imagine of because of their negotiation with the bank on my behalf.

 5/5

The best people to go to when in need of a personal loan! I got a personal loan with their help with Tata Capital who was flexible and provided me with the loan within 4 days of the application of the loan. They had the quick processing and disbursal of loan done in no time.

 5/5

You just need to surrender yourself and they will do the work. Finance Buddha team people are just the best at what they do. I got a loan with the help of them with Tata Capital who executed the loan at the lowest interest rates and along with other benefits.

 5/5

They truly captivate you by their working style. They work with the best of the things as they provide you with the loan like a Christmas Santa in a form of a gift. I got the personal loan with the Tata capital with the help of their support.

 5/5

I was lucky enough to get the loan with the help of Finance Buddha whose people helped me get the loan disbursed quickly with the quick processing and disbursal process and were able to execute a personal loan with the Tata Capital. Best team work!!

 5/5

The loan that takes care of all your needs is the best loan. Finance Buddha helped me gain one with the trusted people of Tata Capital where the loan was given to me along with incentives I could not imagine of. I got the personal loan at the lowest interest rates.

 5/5

Finance Buddha just adds the flavour to your life by providing you with the personal loan. A personal loan was provided to me by a trusted institute: Tata Capital with the help of Finance Buddha that was flexible enough to give me the personal loan at lowest interest rates.

 5/5

My mother needed a quick surgery. I had just enough time to go for a Personal loan but was skeptical which one to choose as time was short. A friend recommended me Tata Capital and they lived up to the reputation with their smooth paper work and quick loan allotment. Amazing timing and service

 5/5

I wanted to pursue a Master’s degree alongside my job. I was in no mood to avail an education loan thus I approached Tata Capital for the same who comfortably took care of all my needs. Thanks to them I was able to go for the Maters without any hassles.

 5/5

A wedding means an elaborate celebration with friends and family. I needed funding to organize the same. My friend suggested me Tata Capital Personal Loan. I availed it and they helped me in all my needs. Can’t thank them enough for not making the loan another nightmare for me.

 5/5

I had this beautiful orchard ruined by high winds few months back. I needed finance to restructure it. I went online and searched for hours but nothing suited me. Then I landed on Finance Buddha which guided me to Tata Capital personal loan. I applied for it and the rest is all pleasant memories.

 5/5

Tata Capital Personal loan is a must take for all those in need of finance for personal use. They are the masters of finance management and their experts guide you all the way through. The high quality of customer commitment is the key to their services. Great Going and all the best.

 5/5

I was initially in a fix which bank to choose for my personal loan for refurnishing my home. The costs were outside a one time payment. I decided for a personal loan and whom else to go than Tata Capital from whom I had already availed a loan for my wedding. The experience was so good I didn’t feel the need to go to any one else. They just make you feel at home.

 5/5

I had promised my family a trip to Thailand but unfortunately, the money I had saved did not fit in the need. I couldn’t break my promise so I searched for a personal loan and I found Tata Capital offering a loan that was just suitable for me. The EMI options were so attractive that I didn’t check any other and availed it straight away. I sent them pictures of our trip too. Thanks, Tata Capital

 4/5

I am an entrepreneur and to find time to do so much paper work is unaffordable. I checked in Tata Capital personal loan for a one time need and to my amazement, they were there in a flash. The process was so smooth I hardly realized when it was over. Recommended financers for small needs

 5/5

I needed a quick personal loan to renovate my office space. I had already ventured into many options but none suited my requirement. Finally, I landed on Finance Buddha and when I checked the loan option I found it extremely convenient. I applied immediately and the managers did the rest. The office is now almost complete. Great experience.

 5/5

I needed a personal loan for my niece`s wedding. I went online to check on Finance Buddha where I came across this wonderful no collateral loan. I decided to avail it straight away. The documentation process was smooth and loan amount was in my account one week later. I thank Tata Capital for supporting me in my time of need.

 5/5