Tata Capital offers personal loans starting at an interest rate of 10.99% per annum for amounts up to Rs 35 lakh and repayment periods of up to 6 years. They provide fast loan processing and personalized options, including pre-approved instant personal loans for eligible customers. Salaried individuals with limited or no credit history can also avail instant small personal loans. Tata Capital has teamed up with Mybankingtips.com to offer pre-approved personal loans to selected customers.
Up to ₹75L
10.99% - 35%
Upto 6 Years
₹51
Tata Capital Personal Loan interest rates begin at 10.99% per annum. Although the specific impact of credit scores on these rates isn't mentioned, like many other lenders, Tata Capital might take into account the credit scores of applicants when deciding on their personal loan interest rates.
Customer Profile | Interest Rate (p.a.) |
---|---|
Salaried | 10.99% onwards |
Self-employed | 10.99% onwards |
Personal Loan Overdraft | 13.55% |
Personal Loan for Doctors | 12% p.a. onwards |
Personal Loan for Women | 10.10% p.a. |
Tata Capital Personal Loan Highlights |
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Interest Rate | 10.99% p.a. onwards |
processing Fees | Flat Rs 51 |
Loan Amount |
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Tenure | Up to 6 years |
Minimum Monthly Income | Rs 20,000 (Rs 15,000 for Government Employees, Salaried Employees, Doctors, Women, Education, Travel Loan) |
Documentation |
Salary slips (latest) |
Part-payment Fees |
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Pre-closure Charges |
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Pre-approved Instant Personal Loan |
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Note: Rates as of 14 December 2024
Table of Contents | ||
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Compare interest rates offered by other lenders | ||
Fees and Other Charges | ||
Types of Tata Capital Personal Loan | ||
Eligibility Criteria | ||
Documents Required | ||
EMI Calculator | ||
FAQs |
Banks/NBFCs | Interest Rates(p.a.) | |
---|---|---|
Axis Bank | 10.49% onwards | Apply Now |
IndusInd Bank | 10.49% onwards | Apply Now |
IDFC First Bank | 10.49% onwards | Apply Now |
HDFC Bank | 10.50% onwards | Apply Now |
ICICI Bank | 10.50% onwards | Apply Now |
Kotak Mahindra Bank | 10.99% onwards | Apply Now |
Tata Capital | 10.99% onwards | Apply Now |
Bajaj Finserv | 11.00% onwards | Apply Now |
Federal Bank | 11.49% onwards | Apply Now |
DMI Finance | 12.00% - 40.00% | Apply Now |
L&T Finance | 12.00% onwards | Apply Now |
Kreditbee | 12.25% - 30.00% | Apply Now |
MoneyTap | 12.96% onwards | Apply Now |
Piramal Finance | 12.99% onwards | Apply Now |
Aditya Birla | 13.00% onwards | Apply Now |
MoneyView | 15.96% onwards | Apply Now |
Cashe | 27.00% onwards | Apply Now |
Also read: Best Personal Loan Interest Rate
Processing Fees | Flat Rs 51 |
Accounts Statement | Rs 250 + GST |
Bounce Charges | Rs 600 + GST |
Penal/Additional Interest | 3% on the overdue amount monthly + GST |
Mandate Rejection Service Charge | Rs 450 + GST |
CCOD Annual Maintenance Charge | Rs 0.25% on dropline amount + GST of Rs 1,000 |
Outstation Collection Charges | Rs 100 + GST |
Instrument swap charges | Rs 550 + GST |
Duplicate Repayment Schedule | Rs 550 + GST |
Duplicate NOC | Rs 550 + GST |
Loan Cancellation Charges | 2% of the loan amount or Rs 5,750 (whichever is higher) + GST |
Post- Dated Cheque Charges | Rs 850 + GST |
Part-payment Charges | No part-payment for the first 12 months 2.5% + GST on amount over and above 25% of outstanding principal |
Foreclosure Charges | .5% of the outstanding principal at the time of foreclosure + GST For closing loan within 12 months- 6.5% + GST If foreclosed within 6 months after completing part pre-payment: 4.5% of the utstanding principal at the time of foreclosure + GST + part pre-payment amount |
Foreclosure Charges for Top- up | 2.50% on the principal outstanding at the time of foreclosure + GST Any prepayment /foreclosure made within 12 months prepayment/foreclosure charges 4.5% + applicable taxes on the principal outstanding |
Foreclosure Charges in CCOD cases | 4.5% on dropped down limit + GST |
Foreclosure Charges on Term Loan Facility | 4.5% of the outstanding principal at the time of foreclosure + GST |
Foreclosure Letter Charges |
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Also read: Best Personal Loan in India
Also read: Best Personal Loan Status
Tata Capital decides if you qualify for a personal loan based on your income, age, job stability, credit score, monthly income, and work experience. Here are the criteria you need to meet for different Tata Capital personal loan schemes:
Also read: Best Personal Loan Eligibility
1. Photo ID Proofs:
2. Income Proofs:
3. Salary Slips:
4. Address Proof:
5. Employment Certificate:
1. For Education Purpose:
2. Financial Documents:
3. Educational Institute-related Documents:
4. Employment Details:
5. Security Documents (if applicable):
Also Read: Best Personal Loan Documents Required
Also read: Best Personal Loan EMI Calculator
To apply for a Tata Capital Personal Loan, individuals have several options. They can apply directly through the official Tata Capital website. Another option is to visit a Tata Capital branch in person. Additionally, they can contact customer care for assistance in the application process for a Tata Capital Personal Loan.
To track their Tata Capital Personal Loan application, applicants can visit the personal loan page on the official Tata Capital website. They should then click on the "Track your application today" option and enter their registered mobile number. After receiving an OTP on their mobile number, they can fill it in to track the status of their application.
Also read: Best Personal Loan Balance Transfer
To be eligible for a Tata Capital Personal Loan, individuals need to have a minimum monthly income of Rs 15,000.
To pay Tata Capital Personal Loan EMIs, applicants can conveniently use the official Tata Capital website or mobile platform. Online payment options include internet banking, UPI facility, and debit cards. This allows borrowers to make timely payments and settle overdue EMIs on their Tata Capital Personal Loans.
Also read: Best Personal Loan Salaried Employees
Borrowers of Tata Capital Personal Loan have the option to prepay the outstanding loan amount and close the loan. However, it's important to note that borrowers can only foreclose their Tata Capital Personal Loan account after 12 months from the date of the first disbursement