Introduction
Tata Capital offers personal loans with interest rates starting from 10.99% p.a., providing flexible loan tenures of up to 72 months and loan amounts ranging from Rs. 75,000 to Rs. 35 lakh. These loans are designed to meet various personal financial needs, such as medical emergencies, weddings, travel, or debt consolidation.
Tata Capital personal loans come with quick approval, minimal documentation, and no collateral requirement. Additionally, the loans offer flexible repayment options, ensuring that borrowers can manage their finances smoothly while addressing their immediate personal needs.
Tata Capital Personal Loan Highlights
| Interest Rate | 10.99% p.a. onwards |
| Loan Amount | Up to Rs 25 lakh |
| Tenure | Up to 6 years |
| Processing Fees | Up to 2.75% of loan amount |
| Minimum Monthly Income | For Corporate Borrowers: Rs 20,000For Non-corporate Salary Borrowers: Rs 25,000Employee of HDFC Bank: Rs 15,000 |
Types of Tata Capital Personal Loans
| Type of Loan | Purpose | LTV Ratio | Tenure | Special Features |
| Personal Loan | General personal expenses | Up to 90% | Up to 6 years | Easy documentation, quick disbursal |
| Wedding Loan | Wedding expenses | Up to 85% | Up to 5 years | Special interest rates |
| Medical Loan | Medical emergencies | Up to 90% | Up to 6 years | Immediate fund access |
Tata Capital Personal Loan Features & Benefits
- Zero Collateral: No need to mortgage property.
- Loan Amount Tenure: Maximum up to Rs 25 lakh can be availed for up to 6 years.
- Interest Rates: Attractive rate of interest starting at 10.99% p.a.
- Digital KYC: Easy documentation with video KYC using Aadhar Card.
- Flexible Repayment Options: Tailor the repayment schedule to fit your financial situation.
Tata Capital Personal Loan Interest Rate
| Customer Type | Effective Rate Of Interest |
| For Salaried | 10.99% – 19.00% per annum |
| For Self-employed | 11.50% – 19.50% per annum |
Tata Capital Personal Loan Processing Fees and Charges
| Fee Type | Details |
| Processing Charges | Up to 2.75% of loan amount |
| Stamping Charges | As per respective State’s Stamp Act |
| Overdue Interest | 2% per month |
| Credit Appraisal Charges | Up to Rs 3,000 + GST |
| Credit Administration Charges | Up to Rs 2,000 + GST |
| Collection Charges | 1% + GST of cheque/instrument dishonor charges + overdue interest |
| Dishonor Charges per instance | Rs 500 + GST |
| Foreclosure Charges | 4% + GST |
| Part Pre-payment Charges | Rs 1,000 + GST per instance |
| No due | NIL |
| Duplicate Issue of NOC | NIL |
| Copy of CIBIL | Rs 50 + GST |
| Copy of Records | Rs 100 + GST |
Eligibility Criteria for Tata Capital Personal Loan
| Requirements | Salaried | Self-Employed |
| Residency | Indian/NRI | Indian/NRI |
| Age | 21 – 60 years | 25 – 65 years |
| CIBIL Score | 750 and above | 750 and above |
| Minimum Net Income | Rs 20,000 per month | Rs 25,000 per month |
Documents Required for Tata Capital Personal Loan
- ID Proofs: Passport, Aadhar card, driving license, voter ID, PAN card
- Residential Proofs: Passport, utility bill, leave and license agreement
- Bank Statement: Past 3 months
- Salary Slip: Last 3 months
- Photographs: 2-3 passport size
Tata Capital Personal Loan EMI Calculator
Calculate your EMI using Tata Capital’s online EMI calculator. Simply enter the loan amount, tenure, and interest rate to get an estimate of your monthly payments. [Link to EMI Calculator]
Tips to Improve Loan Approval Chances
- Improve Credit Score: Maintain a CIBIL score of 750 and above.
- Reduce Existing Debt: Lower your existing debt before applying.
- Stable Income: Ensure consistent and stable income to meet eligibility criteria.
How to Apply for a Personal Loan at Tata Capital?
- Visit the Tata Capital website or nearest branch.
- Click on ‘Apply Now’.
- Provide your personal and income details.
- Select ‘Tata Capital’ from the list of lenders.
- Choose your preferred loan amount and repayment tenure.
- Submit the application.
- Following the verification of your application, a Tata Capital executive will contact you for further proceedings.
Types of Tata Capital Personal Loans
- General Personal Loan: Cover various personal expenses with quick processing.
- Wedding Loan: Manage wedding expenses with customizable repayment options.
- Medical Loan: Get immediate financial assistance for medical emergencies with attractive interest rates.
Why Apply for Personal Loans through Grow Associates?
- Offers from Top Lenders: 30+ partner Banks/NBFCs/Fintechs provide the best available loan in one place.
- Compare & Choose: Easily compare loan offers from top banks, NBFCs, and fintechs to choose the best option.
- Personalized Solutions & High Approval Chances: Personal loan offers are ranked according to your credit score and eligibility factors, maximizing your chances of approval.
- Pre-Approved Loans: Access pre-approved personal loan offers based on your credit health.
- End-to-end Assistance: From loan selection to fund disbursement, [Platform/Agency Name] assists you at every step.
Compare Tata Capital Personal Loan with Other Banks
| Feature | Tata Capital | HDFC Bank | Kotak Mahindra Bank | Yes Bank |
| Interest rate | 10.99% p.a. onwards | 10.50% p.a. onwards | 10.99% p.a. onwards | 20% p.a. onwards |
| Processing fee | Up to 2.75% + GST | Up to 2.5% + GST | Up to 3% + GST | 2% + GST |
| Foreclosure charges | 4% of the outstanding loan amount | 4% of the outstanding loan amount | 5% of the outstanding loan amount | 0% to 4% of the outstanding loan amount |
| Late payment fee | 2% of the overdue amount per month | 2% of the overdue amount per month | 3% of the overdue amount per month | 2% of the overdue amount per month |
Brief Summary
Tata Capital’s personal loan is an ideal solution for anyone in need of quick funds to meet financial needs. With competitive interest rates, flexible repayment options, and a hassle-free application process, Tata Capital ensures you have the financial support you need when you need it most.
FAQs
- What is the maximum loan amount I can avail from Tata Capital?
You can avail up to Rs 25 lakh as a personal loan from Tata Capital.
- What is the tenure range for Tata Capital personal loans?
Tata Capital offers personal loans with a tenure of up to 6 years.
- Is there any collateral required for Tata Capital personal loans?
No, Tata Capital personal loans are unsecured and do not require any collateral.
- Can I prepay my Tata Capital personal loan?
Yes, Tata Capital allows prepayment of personal loans with applicable charges.
- How can I apply for a Tata Capital personal loan?
You can apply online through the Tata Capital website or visit the nearest branch.
