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Tata Capital Personal Loan - Apply Online @11.25%

4.9 stars based on 30 reviews

How much would you like to borrow?

Choose an amount between ₹50,000 and ₹5,000,000.

Loan Amount

25K9L17L25L33L42L50L
Interest Rate

%

10.5%15.5%20.5%25.5%30.5%40%
Tenure

mo

12m22m32m42m52m60m
Personal Loan EMI Calculator
Loan EMI
23,537
Total Interest payable
64,888
Total Payment
(Principal + Interest)
5,64,888
Break-up of Total Payment
Interest Amount (₹64,888)
Loan Amount (₹5,00,000)
Bank/NBFCInterest RateEMIProcessing Fees Part PaymentApply Now

13.5% - 17%

(Fixed)

4560

upto 2.5%

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Tata Capital Personal Loan Details

Tata Capital Personal Loan

Tata Capital is a name trusted by millions for being one of the leaders in nonbanking financing. The company offers its personal loan options keeping in mind the customer needs and thus it offers personal loan with attractive interest rates and loads of their features which are tailor made to suit your financial 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.

Details:

Institution Type: NBFC

Minimum Loan Amount: ₹75,000

Maximum Loan Amount: ₹2,500,000

Minimum Tenure: 12 months

Maximum Tenure: 72 months

Interest Rates: 11.25% - 19%

Fees & Charges: 1.50% to 2.00% + GST as applicable

Features

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 ₹1,500,000 can be availed at extremely manageable interest rates. The money is there for you to feel free not more confined.

Benefits

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 for Personal Loans?

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 Personal Loan from Tata Capital ?

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

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, defence 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 ₹20,000 per month.
  • The minimum loan amount is ₹75,000.
  • The capping on the maximum loan amount is ₹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 ₹200,000 per year.
  • Minimum loan amount is ₹75,000 for businessmen while for self-employed professional it is ₹300,000.
  • The capping on the maximum loan amount is ₹1,500,000 for business men and 2,000,000 for self-employed professional.
  • The time duration for which the loan amount can be availed is 12 months to 48 months.

Interest Rates, Fees & Charges

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% + GST as applicable on processing the loan amount to customer.

  1. The PDC charges for the same are ₹850.
  2. If the post-dated cheque bounces then charge @ ₹450 are applicable.
  3. The cancellation charges are applicable @2% of the loan amount of ₹5750 whichever is higher.
  4. Charges for issuing a duplicate NOC would stand at ₹550 while the swapping charges would be ₹600.
  5. 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.
  6. The duplicate repayment schedule shall be issued on charge of ₹550.
  7. Section 138 and 25 charges are ₹3400 while Arbitration Filing Charge is ₹4000.
  8. The Receiver order of district court shall be charged @₹4000 while receiver order of the High Court shall be charged @ ₹13500.
  9. Notice sending charges shall be ₹125 while a legal notice shall be sent at the charge of ₹2000.
  10. The execution of Award would be charged at ₹5600.

Documents Required

The following documents are needed to apply for a Tata Capital Personal Loan.

For Salaried Employees

  1. Duly filled Application Form.
  2. Passport size photograph.
  3. An Identity Proof Document (Voters ID /Passport/Driving License).
  4. Last three months’ 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).
  7. Two-month employment stability proof.

For Self Employed Professionals and Businessmen

  1. Duly filled Application Form.
  2. Passport size photograph.
  3. An Identity Proof Document (Voters ID /Passport/Driving License).
  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).
  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.
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

ReviewsView All

Sebastian

5 / 5

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.
Soham Amin

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!
Rohit Mehra

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.
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