Tata Capital Personal Loan

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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.

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Tata Capital

Max. Loan Amt.

Up to ₹75L

Rate of Interest

10.99% - 35%

Tenure up to

Upto 6 Years

Processing Fee

₹51

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Low Processing fee 100% Digital Process*

Tata Capital Personal Loan Interest Rates

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

Interest Rate 10.99% p.a. onwards
processing Fees Flat Rs 51
Loan Amount
  • For Others- Up to Rs 35 lakh
  • For Doctors- Rs 5 lakh to Rs 75 lakh
  • For Women- Rs 2 lakh onwards
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
  • Proof of Identity
  • Proof of Address
  • Bank statements (last 6 months)

Salary slips (latest)

Part-payment Fees
  • No part-payment for the first 12 months
  • 2.5% + GST on amount over and above 25% of outstanding principal
Pre-closure Charges
  • 4.5% of outstanding principal + GST
  • 6.5% + GST (if closing within 12 months)
  • 4.5% of outstanding principal + GST + part pre-payment amount (if foreclosing within 6 months after completing part pre-payment)
Pre-approved Instant Personal Loan
  • Offered to select consumers based on their repayment history, monthly income, credit score, age, etc.

Note: Rates as of 13 December 2024

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

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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
  • Soft Copy- NIL
  • FBranch Walkin- Rs 199 + GST

Also read: Best Personal Loan in India

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Personal Loan Overdraft

  • Purpose: Tata Capital Personal Loan overdraft feature provides flexibility for borrowers to withdraw funds as needed from the approved limit and make repayments according to their convenience. Interest is charged solely on the withdrawn amount, and borrowers can make multiple withdrawals and repayments within the approved limit.
  • Loan Amount: s 2 lakh- 35 lakh
  • Tenure: Up to 7 years

Personal Loan for Marriage

  • Purpose: Tata Capital provides Marriage Loans to consumers to help finance their wedding-related expenses.
  • Loan Amount: Rs 75,000- 35 lakh
  • Tenure: 1 to 6 years

Personal Loan for Medical

  • Purpose:  If you're thinking about getting a personal loan, you can use a Medical Loan to cover costs for medical emergencies or procedures like cosmetic and dental treatments.
  • Loan Amount: Rs 75,000- 35 lakh
  • Tenure: 1 to 6 years

Personal Loan for Education

  • Purpose: Tata Capital's Personal Loan for Education enables individuals to fund tuition fees and living expenses for students pursuing further education in India or abroad. This loan option is suitable for those who may not qualify for a traditional education loan.
  • Loan Amount: Rs 75,000- 35 lakh
  • Tenure: 1 to 6 years

Personal Loan for Travel

  • Purpose: People can use the Tata Capital Personal Loan for Travel to cover various travel-related costs, such as transportation, hotel expenses, tour packages, and any other expenses associated with their journey.
  • Loan Amount: Rs 75,000- 35 lakh
  • Tenure: 1 to 6 years

Personal Loan for Doctors

  • Purpose: Tata Capital has a special Personal Loan for Doctors, which helps them with personal and professional needs like buying advanced medical equipment or renovating their clinic.
  • Loan Amount: Rs 5 lakh-Rs 75 lakh
  • Tenure: 1 to 6 years

Personal Loan for Women

  • Purpose: Personal Loan for Women from Tata Capital allows working women as well as home makers to raise finance for meeting their diverse financial needs.
  • Loan Amount: Rs 2 lakh onwards
  • Tenure: Up to 6 years (personal loan overdraft facility available)

Pre-approved Instant Personal Loan

  • Purpose: Tata Capital provides instant pre-approved personal loans to individuals with excellent repayment histories. The NBFC may also take into account factors such as monthly income, credit score, age, and more when extending this loan facility to eligible individuals.

Personal Loan for Home Renovation 

  • Purpose: Tata Capital provides a Personal Loan for Home Renovation, helping individuals finance a range of home improvements, from extensive interior upgrades to basic maintenance and repair needs.
  • Loan Amount:  Rs 75,000- Rs 35 lakh
  • Tenure: 1-6 years

Personal Loan for Government Employees

  • Purpose: Government employees can apply for a Personal Loan for Government Employees from Tata Capital to address their personal financial requirements.
  • Loan Amount:  Up to Rs 35 lakh
  • Tenure: 1-6 years

Personal Loan for Salaried Employees

  • Purpose: Tata Capital provides a Personal Loan for Salaried Employees, designed to meet the personal financial needs of individuals who receive a regular salary.
  • Loan Amount:  Rs 75,000- Rs 35 lakh
  • Tenure: Up to 6 years (personal loan overdraft facility available)

Also read: Best Personal Loan Status

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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:

  • Age: Between 22 and 58 years.
  • Minimum Monthly Income: Rs 20,000.
  • Job Stability: Employed in the same job for at least 6 months.
  • Work Experience: Minimum of 1 year of overall work experience.

Personal Loan For Education

  • Age: Between 16 and 26 years.
  • Minimum Monthly Income: The applicant or their parents should have a minimum monthly income of Rs 15,000.
  • Academic Record: Good academic performance in the past.
  • Guarantor/Security: The applicant should have a guarantor or be able to provide security for the loan.

Personal Loan for Travel

  • Age: Between 22 and 58 years.
  • Work Experience: Minimum of one year of work experience.
  • Minimum Monthly Salary: The applicant should have a minimum monthly salary of Rs 15,000.

Personal Loan for Marriage

  • Employment Status: Borrower should be salaried.
  • Age: Between 21 and 58 years.
  • Job Stability: Employed in the current organization for at least 6 months.
  • Work Experience: Minimum work experience of 2 years.
  • Minimum Monthly Income: Rs 20,000.

Personal Loan for Medical

  • Employment Status: Salaried individual.
  • Work Experience: Minimum 1 year of work experience.
  • Job Stability: Working in the current organization for at least 6 months.
  • Age: Between 21 and 58 years.
  • Minimum Monthly Income: At least Rs 20,000.

Personal Loan for Home Renovation 

  • Age: Minimum 24 years to maximum 65 years at the time of loan maturity.
  • Minimum Monthly Income: Rs 20,000.
  • Minimum Work Experience: 2 years for regular applicants.
  • For Entrepreneurs: Minimum 3 years of experience in the current field.

Personal Loan for Government Employees

  • Age: Between 22 and 58 years.
  • Minimum Monthly Income: Rs 15,000.
  • Work Experience: At least 1 year of work experience.
  • Other Criteria: Consideration of CIBIL Score and job stability.

Personal Loan For Doctors

  • Age: Between 22 and 58 years.
  • Minimum Monthly Income: Rs 15,000.
  • Minimum Work Experience: 1 year.

Personal Loan for Women

  • Minimum Work Experience: 1 year.
  • Age: Between 22 and 58 years.
  • Minimum Monthly Income: Rs 15,000.

Personal Loan For Salaried Employees

  • Age: Between 22 and 58 years.
  • Minimum Work Experience: 1 year.
  • Minimum Monthly Income: Rs 15,000.
  • Credit Score: Minimum 750 or above.
  • Repayment History: Should have repaid previous debts on time.

Also read: Best Personal Loan Eligibility

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1. Photo ID Proofs:

-Copy of voter ID -Aadhaar card -Driving license -Passport

2. Income Proofs:

-Bank statement copies for the last 6 months

3. Salary Slips:

-Copy of salary slips for the last 3 months

4. Address Proof:

-Passport -Electricity bill -Ration card copies

5. Employment Certificate:

-Certificate demonstrating continuous employment for at least 1 year

Additional Documents for Tata Personal Loan for Education

1. For Education Purpose:

-Admission letter issued by the school/college -Mark sheet and certificates of 10th std. (attested) -Documents for studying abroad (entry permit, admission letter, I-20 Form from the institute, the contract)

2. Financial Documents:

-Income Tax Returns (ITR) of parent/guarantor

3. Educational Institute-related Documents:

-Essential documents issued by school/college/institute, including fees breakup, prospectus, etc.

4. Employment Details:

-Details of employment, such as resignation letter, resignation acceptance, study leave sanction letter

5. Security Documents (if applicable):

-Property documents in case of an immovable property offered as security

For Self-employed Women

-Photo Id proofs -Income proofs -Address Proofs

Also ReadBest Personal Loan Documents Required

EMI Calculator

Also read: Best Personal Loan EMI Calculator

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1. How to apply for personal loan through Tata Capital?

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.

2. How to track 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

3. What is the minimum salary requirement for Tata Capital Personal Loan?

To be eligible for a Tata Capital Personal Loan, individuals need to have a minimum monthly income of Rs 15,000.

4. How to pay Tata Capital Personal Loan EMIs online?

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

5. How to close Tata Capital Personal Loan?

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

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