® 
Features
- 100% Digital Process
- No Income Documents Required
- Offers Upto 10 Lakhs
- Same Day Disbursal Documents Required
- Only KYC Verification Tenure Period - Update as 24 to 60 Months
Pricing
- Interest rate - 18% to 24%
- Processing fee - 3% of loan amount
Documents Required
- Last 3 Months Payslips
- Last 6 Months Bank Statements
- Proof Of Identity (Voter ID,Passport,Driving License,Aadhar Card)
- Proof Of Address (Ration Card, Electricity Bill, Passport)
- Proof Of Employment & Ownership - If Required
Tata Capital Personal Loans
Tata Capital Personal Loan is a collateral-free unsecured loan offered at competitive interest rates. Let us look at the prominent features that make Tata Capital Personal Loan unique.
How to Apply for Tata capital Personal Loan on CreditMantri.com
Features of Tata Capital Personal Loans
- Pre-approved Instant Personal loans in 90 seconds to select customers.
- No income documentation is required for loans up to Rs 150,000.
- A multitude of options for personal loans to choose
- Overdraft facility on personal loans available.
- Debt consolidation, where you can aggregate your multiple EMIs into a single loan with Tata Capital Personal Loan.
Eligibility for Tata Capital Personal Loan
- You must be of age between 22 years and 58 years.
- Your credit score must be above 650
- You should have a minimum of Rs 15,000 as monthly income.
- You must be in employment at least for a year.
Tata Capital Personal Loan Documents
You need to submit the following documents to apply for Tata Capital Personal Loan
- Proof of Identity – Aadhar card, Voter ID, Driving License, Passport.
- Proof of Address – Passport, Ration card, Electricity Bill.
- Proof of employment – If required at the time of application.
- Proof of business continuity (in case you are running a business) – If required at the time of application.
- Proof of Income for employment - Latest 3 months’ payslips, Last 6 months’ bank statements
- Proof of Income for Business – Latest audited financial statements
Types of personal loans by Tata Capital
Tata Capital offers tailor-made personal loans to meet your specific expenses. The interest rates, documentation, and eligibility for personal loans remain the same for all personal loans. Wherever there is a special or different term, it is explained with the type of personal loan.
- Wedding loan – 2 years of employment experience required
- Medical loan
- Travel loan
- Education loan – Co-applicant or co-signer is a must.
- Travel loan
- Home Renovation loan
- Personal loan for Doctors
- Personal loan for Women
- Personal loans for pensioners
Who cannot apply for Tata Capital Personal Loan?
- Persons running the following businesses
- Casinos
- Amusement Parks
- Events
- Cruises
- Tour and Travel Operators
- Tourism Related Services
- Multiplex
- Resorts
- Entertainment Parks
- Banquet Halls and Lawns
- Catering
- Tent houses
- Manpower companies
Important Things to Know About Tata Capital Personal Loan
Minimum Loan Amount | Rs 40,000 |
Maximum Loan Amount | Rs 35,00,000 |
Interest Rate | 10.99% onwards both for Salaried and Self-employed. Maximum 28%. |
Loan Tenure | 6 months to 7 years. |
Processing fees | 1% to maximum of 2.75% of the loan amount plus GST even if the loan is not sanctioned |
Penal Interest | In case of missed or delayed EMI payment, 3% of the outstanding amount plus GST. |
Bounce charges | In case of missed EMI due to insufficient funds in the bank account, Rs 600 plus GST per bounce |
Mandate Rejection charges | Rs 450 plus GST in case the given post-dated cheques are exhausted and there is no active mandate. |
Part Payment Charges | 2.5% plus GST for part payments above 25% outstanding. Lock-in period of 12 months. At least 6 months gap between 2 part payments. maximum of 50% of the outstanding can be repaid in one year. |
Foreclosure Charges | If the loan is closed within 12 months = 6.5% of outstanding plus GST otherwise 4.5% of outstanding plus GST If foreclosed within 6 months of part payment, 4.5% of outstanding plus GST + Amount part paid |
Before you apply for a Tata Capital personal loan
- Your eligibility for a personal loan is influenced by your age, income, work experience, and credit score.
- The interest rate for a personal loan can vary depending largely upon your monthly income, employer reputation, credit score, loan amount, and tenure.
- The longer the tenure of repayment you choose the more EMI burden will be.
- If you do not meet the eligibility criteria, consider including a co-applicant with a consistent monthly income to get the loan amount you want.
How to apply for Tata Capital Personal Loan?
Online via the Tata Capital website
For Instant Personal loan
- Instant personal loans are available if you are living in Delhi, Bangalore, Mumbai, Hyderabad, Pune, and Chennai.
- Visit the Personal loans page of Tata Capital’s official website.
- Key in your name, mobile number, and PAN.
- If you have a pre-approved offer, enter the required loan amount.
- Provide your personal and banking details.
- Create an E-mandate by doing a one-time net banking authorization transaction.
- You can buy insurance to protect the personal loan liability which is optional.
- Your E-agreement would be generated. Verify and accept the terms and conditions. Your personal loan is ready for instant disbursement.
If you are not an existing customer of Tata Capital,
- Visit the Personal loans page of Tata Capital’s official website.
- Provide your employment type and mobile number.
- Click the check box to agree to the terms and conditions and click “Continue”.
- The authorized representative from Tata Capital will keep in touch with you for further steps.
Offline mode
You can visit the nearest Tata Capital branch and submit the application and documents. You can also call the authorized representative of Tata Capital to apply for a personal loan.
Conclusion
Tata Capital offers personal loans for all your needs. It is easy to get and given at affordable interest rates. You don't have to specify the end-usage purpose of taking this loan.
FAQs of Tata Capital Personal Loans
1. What is the maximum amount of loan can I get as a Tata Capital Personal Loan?
You can get a maximum personal loan amount of Rs 35,00,000 from Tata Capital depending on your eligibility criteria.
2. What are Flexi personal loans?
Flexi personal loans have interest charged on the outstanding balance every month. The interest is not fixed. If there is an increase in the interest rate by the bank, interest payable under a Flexi personal loan also increases.
3. What should I choose – fixed EMI or Flexi EMI?
If you expect a sudden increase in your monthly income, you can opt for Flexi EMI. Otherwise fixed EMI is preferable.
4. Does Tata Capital check my credit score?
A credit score is one of the basic eligibility criteria for getting a personal loan from Tata Capital. You shall have a minimum of 650 as a credit score. Anything above 750 is good and can get you offers on the interest rate.
5. How can I pay my Tata Capital Personal Loan EMI?
You can set up an ECS from your bank account or set up a mandate for a debit of EMI.You can also drop a cheque at the nearby Tata Capital office.
Tata Capital Personal Loan - Customer Reviews
Vijay Kapoor
"Helpful service CreditMantri helps with the customer application to the concerned bank or NBFC, and also provide credit improvement services. Till date, I am not facing any kind of drawbacks while using their services. Got my application processed within a short while and the loan amount in my bank account speedily. I got to know about this website from my friend who also uses its services. The website is very convenient for accessing and getting details about all the loans and offers from different lenders, all in one place. "
