Tata Capital is one of the best Non Banking Finance Companies to offer personal loans at affordable rates of interest and an easy repayment tenure. The lender offers personal loans with an easygoing eligibility criteria to meet at a minimal documentation. Tata Capital personal loan is a sound-good choice when you have got a number of financial needs to be met. Not always is there an option to fit your needs and wants into a set monthly budget and for moments like those, you can count on Tata Capital personal loans that bring a slew of tailored options to meet diverse plans. Let us expand this section and learn everything there is to know about Tata Capital personal loan.
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Loan Amount |
Ranges from Rs 25,000 to Rs 25 lakh |
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Interest Charges |
Starts from 10.99% |
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Processing Fees |
2.75% of the loan amount + GST |
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Tenure |
Up to 72 months |
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Prepayment Charges |
4.5% of the principal outstanding at the time of pre-closure + GST |
Listed below are some key features and benefits of Tata Capital personal loan:
1. Funds for Different Financial Requirements : There can be plenty of possible reasons why Tata personal loan might be a good choice for you to put an end to all of your financial worries. Whether it is your wedding or your children’s or there is a heck of debt you just want to get rid of, personal loan is a one-stop destination for meeting your financial solutions. Tata Capital personal loan serves financial help to fund different types of expenses such as travel, wedding, higher education, debt consolidation, higher studies, home renovation etc. If you are troubled by any of such expenses and are wondering where to go, you can consider Tata Capital personal loan.
2. Loan Amount : There are a number of factors that help lenders decide the loan amount you should be availed. These factors include your income, credit worthiness and repayment history. The range of Tata Capital personal loan amount starts at Rs 75,000 and goes up to Rs 25 lakh.
3. Interest Charges : Interest charges make an important factor to consider when it comes to availing the personal loan. Tata Capital personal loan interest rates depend on a number of factors such as your eligibility, credit history, your relationship with the bank, income etc. The interest rates for Tata Capital personal loans start at 10.99%.
4. Loan Repayment : Tata Capital offers a coolheaded repayment tenure that ranges up to 6 years. The repayment period you choose depends largely on your loan amount and the interest rates you are willing to pay. Besides that, it is an important factor to consider as choosing a long repayment tenure leads you to pay higher interest charges.
5. Prepayment : Tata Capital features the prepayment facility that allows you to prepay your personal loan amount and foreclose the loan before the tenure ends. You will be charged 4.5% of the principal amount at the time of foreclosure. If you opt to foreclose your loan within 6 months, you will be charged 6.5% fees plus GST.
Before you move ahead and apply for a personal loan from Tata Capital, you need to ensure that you pass the eligibility checkpoints set by the lender. Factors like age, employment, income etc. help the lender judge your eligibility which thus helps decide whether or not you qualify for the loan.
Mentioned below are the eligibility requirements for Tata Capital personal loan:
You need to be present with all the necessary documents that the lender requires you to submit when applying for Tata Capital personal loan. You need to make sure that you have all the required documents ready before you apply for the loan and avoid getting your application rejected or delayed.
Here are the documents required for Tata Capital personal loan application:
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Documents |
Salaried Individuals |
Self Employed Individuals |
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Identity Proof |
Aadhar Card, Passport, Driving Licence, Voter ID Card |
Aadhar Card, Passport, Driving Licence, Voter ID Card |
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Address Proof |
Passport, Voter ID Card, Recent Utility Bill such as Electricity Bill, Water Bill, Telephone Bill |
Passport, Voter ID Card, Recent Utility Bill such as Electricity Bill, Water Bill, Telephone Bill |
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Income Proof |
Salary Slips, Bank Statement, Form 16, Salary Certificate |
IT returns, Bank Statements, Balance Sheet and Profit & Loss Account, Challans Showing Payment of Advance Income Tax |
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Other Documents |
Passport-size Photographs, Application Form |
Passport-size Photographs, Application Form |
COMPARE OTHER BANK PERSONAL LOAN INTEREST RATE:
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BANKS |
INTEREST RATES |
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12% to 24% |
|
|
11.30% to 16.40% |
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|
10.75% to 21.50% |
|
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10.50% to 16.99% |
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20.00% to 22.00% |
|
|
10.50% to 17.99% |
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10.99% to 16.25% |
|
|
11.00% to 19.20% |
|
|
12.00% to 14.00% |
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14.00% to 23.00% |
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10.75% to 17.84% |
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11.00% to 16.75% |
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|
7.65% to 12.65% |
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12.15% to 14.15% |
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12.05% onwards |
Tata capital EMI calculator is a useful tool to help you know the total payable monthly instalment for the repayment of your Tata Capital personal loan. Knowing the amount will help you see if you need to reconsider your repayment tenure and also, you will be able to adjust your budget accordingly.
Here is how to use Tata Capital EMI calculator:
You should now be able to see the total “EMI Amount” next to the calculator.
Applying for Tata Capital personal loan is a seamless process to do which you can navigate to the online Tata Capital platform. Here are the steps you need to follow to apply for the Tata Capital personal loan online:
You can reach out to the Tata Capital customer care helpline for more assistance or query regarding your personal loan application.
You can track your Tata Capital personal loan loan via SMS. You can also visit the official website of Tata Capital and check the status of your personal loan there. Apart from that, you can choose to contact the Tata Capital customer service and enquire about the loan status.
You can opt among the following payment options to repay your Tata capital loan:
Yes. Borrowers are offered the facility to transfer the personal loan to Tata Capital.
No. Tata Capital does not require you to offer any collateral or security to avail Tata Capital personal loan.
Last Updated on : 31/Mar/2021Know More About
You're eligible for a Tata Capital Personal Loan if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Personal Loans is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Updated on 25 Nov 2017
| Tata Capital Personal Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 10.99% - 0% |
| Processing Fees | Upto 2.75% |
| Loan Tenure | Upto 6 year to years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
Personal Loans EMI Calculator