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Tata Capital Personal Loan 

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. 

Tata Capital Personal Loan Interest Rates & Charges

Loan Amount

Ranges from Rs 25,000 to Rs 25 lakh

Interest Charges

Starts from 10.99% 

Processing Fees

2.75% of the loan amount + GST 

Tenure

Up to 72 months

Prepayment Charges

4.5% of the principal outstanding at the time of pre-closure + GST

Tata Capital Personal Loan: Features and Benefits

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.

Tata Capital Personal Loan Eligibility

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:

  • Applicants should be resident Indian citizens.
  • Applicants should be salaried individuals or self employed individuals.
  • The minimum age of applicants should be 21 years to be able to apply for Tata personal loan.
  • The maximum age of loan applicants should not cross 58 years at the time of personal loan maturity.
  • Applicants should have at least 1 year of work/business experience. 
  • The applicants should be earning the minimum monthly income required.
  • The applicants should have a convincing credit history.

Documents Required 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:

Documents

Salaried Individuals

Self Employed Individuals

Identity Proof

Aadhar Card, Passport, Driving Licence, Voter ID Card

Aadhar Card, Passport, Driving Licence, Voter ID Card

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

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

Other Documents

Passport-size Photographs, Application Form

Passport-size Photographs, Application Form

COMPARE OTHER BANK PERSONAL LOAN INTEREST RATE:

BANKS

INTEREST RATES

AXIS Bank Personal Loan

12% to 24%

SBI Personal Loan

11.30% to 16.40%

HDFC Bank Personal loan

10.75% to 21.50%

Kotak Mahindra Bank Personal Loan

10.50% to 16.99%

Yes Bank Personal Loan

20.00% to 22.00%

Citibank Personal Loan

10.50% to 17.99%

ICICI Bank Personal Loan

10.99% to 16.25%

Standard Chartered Bank Personal Loan

11.00% to 19.20%

IDBI Bank Personal Loan

12.00% to 14.00%

RBL Bank Personal Loan

14.00% to 23.00%

HSBC Bank Personal Loan

10.75% to 17.84%

IndusInd Bank Personal Loan

11.00% to 16.75%

Bank of Baroda Personal Loan

7.65% to 12.65%

Bank of India Personal Loan

12.15% to 14.15%

Canara Bank Personal Loan

12.05% onwards

Tata Capital Personal Loan EMI Calculator

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:

  • Navigate to the official website of Tata Capital.
  • Move to the “Personal Loan” dropdown menu.
  • Click on the “Calculate EMI” option. 
  • Now, enter the details: Loan amount, repayment period and rate of interest.

You should now be able to see the total “EMI Amount” next to the calculator.

How to Apply for Tata Capital Personal Loan

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:

  • Go to the official web portal of Tata Capital.
  • Click on the “Personal Loan” dropdown menu.
  • Hit the “Apply Now” button.
  • You will now be taken to the loan application page where  you will find different fields for the new customer and existing customer.
  • If you are a new customer then you have to enter the required information including your mobile number and name. If you are an existing customer, then you can enter your mobile number.
  • Hit “Continue”.

You can reach out to the Tata Capital customer care helpline for more assistance or query regarding your personal loan application.

Tata Capital Personal Loan Customer Care

  • Customer Care Number - 1860 267 6060 (Between 9 AM to 8 PM Monday to Saturday)
  • Customer Care Mail - contactus@tatacapital.com

FAQs On Tata Capital Personal Loan

Q.1 How can I track my Tata Capital personal loan?

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. 

Q.2 How can I repay my Tata Capital loan?

You can opt among the following payment options to repay your Tata capital loan:

  • Electronic Clearing Service
  • Cheque
  • Mobile App

Q.3 Does Tata Capital offer a personal loan transfer facility?

Yes. Borrowers are offered the facility to transfer the personal loan to Tata Capital. 

Q.4 Do I need to provide any collateral or security for Tata Capital personal loan?

No. Tata Capital does not require you to offer any collateral or security to avail Tata Capital personal loan. 

Last Updated on : 31/Mar/2021

Know More About

Tata Capital Personal Loan

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

Tata Capital Personal Loan Interest Rates

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

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959