Tata Capital Personal Loans

Tata Capital Personal Loan

4
Processing Fee
2

Tenure
1 - 7 Years

Tata Capital Personal Loan

Tata Capital offers you personal loan starting from Rs. 75,000 to up to maximum of Rs. 25 Lacs within 72 hours of approval with a processing fees up to 2% of the loan amount and minimum Rs. 999. The loan term of Tata Capital Personal Loan is 12 months to up to 84 months.


Tata Capital is a good fit for you if?

If You have Average to Good Credit Score – While different lenders have their own standards for rating Credit Scores, TATA Capital can be a good choice for you if you are having credit score of 700 points or above so you can take advantage of this.

Step Up Flexi EMI Facility – You can Pay lower EMIs at the starting for a defined period consisting only the interest rate and then you may increase the EMIs and can pay off the interest rate as well as the principal outstanding So it helps you to manage income flow because of periodic increase in EMI amount.

Step Down Flexi EMI Facility – It helps to reduce interest burden subsequently and is ideal for people who are having high disposable income as you can pay higher EMIs at the starting for a defined period consisting higher principal amount and then you may decrease the EMIs and can pay off the interest rate as well as the principal outstanding.

Bullet Flexi EMI Facility – It Helps in Financial Management as while applying for a Personal Loan from TATA Capital , you are allowed to pay principal outstanding in parts along with the monthly EMIs which will help you to easily pay off your EMIs and you don't need you worry about paying high Principal Outstanding charges.

Joint Wedding Loan for Couples – TATA Capital Personal Loan offers you attractive advantage of 50-50 Wedding loan where a couple can avail joint personal loan for their wedding, so if you are getting married you can take advantage of this type of loans.

Interest Free Travel Loan – If you are planning to go for a vacation or want to travel for your Dream place which requires a large amount of money, then have a look on TATA Capital Personal Loan which offers Travelling loan of upto Rs. 15 Lacs with zero interest rate and maximum 8 months tenure.

Tata Capital Personal Loan at a glance

Annual Interest Rate

10.99% - 21%

Loan Term

12 Months - 84 Months

Loan Amount

Rs. 75,000 - Rs. 25 Lacs

Time of Funding

Within 72 hours of approval

Pre-Payment Charges

Upto 4% of the Principal Outstanding

Allowed only after first 12 months of loan disbursal

Tata Capital Personal Loan lends a minimum of Rs. 75,000 to upto Rs. 25 Lacs within 72 hours of approval with annual interest rate ranging from 10.99% to upto 21%. The term of loan is 12 months to maximum of 84 months. The Pre-Payment Charges are upto 4% of the Principal Outstanding.

Why Choose Tata Capital?

Part-Payment Allowed – Tata Capital offers part-payment facility after first 6 EMIs which is zero to 2% of the prepaid amount unlike competing banks and FIs like Capital First, Fullerton India and Kotak Mahindra Bank.

Zero Prepayment Charges on Bullet Flexi Loan – It looks like a convenient deal for you as Tata Capital Offers Zero Prepayment charges on bullet Flexi Personal loans as compare to other banks which charges high Prepayment fees on Bullet Flexi Loan.

What to watch out for?

Available at Selected Locations – Tata Capital Personal Loan operates within following indian cities only – Ahmedabad, Bangalore, Chennai, Gurgaon, Hyderabad, Kolkata, Mumbai, New Delhi, Noida, Pune, Bhubaneswar, Coimbatore, Jaipur, Nagpur and Vizag.

High Loan Cancellation Charges – Tata Capital Personal Loan cancellation charges are equal to 2% of the loan amount or minimum of Rs. 5,750 as compared to other banks charging usually Rs. 1,000 such as Fullerton India and YES Bank.

Compare Tata Capital Personal Loans to Other Banks

Bank Name Tata Capital Bajaj Finserv Capital First

Typical APR

10.99% - 21%

12.99% - 18%

12.% - 18%

Loan Term

12 Months - 84 Months

12 Months - 96 Months

12 Months - 60 Months

Maximum Lending Amount

Rs. 25 Lacs

Rs. 35 Lacs

Rs. 25 Lacs

Processing Fee

Up to 2% of the loan amount

Min. Rs. 999

Up to 3% of the loan amount

Up to 1.50% of the loan amount

Time to Funding

Within 72 hours of approval

Within 24 hours of Approval

Within 24 hours of Approval

Pre-Closure

Upto 4% of the Principal Outstanding

Zero to upto 4% of the Principal Outstanding

5% of the Principal Outstanding

Coming to the comparison Part, Tata Capital offers you a maximum of Rs. 25 Lacs within 72 hours of approval while Bajaj Finserv offers maximum of Rs. 35 Lacs within 24 hours of approval and in case of Capital First, It lends up to Rs. 25 Lacs within 24 hours of approval. Tata Capital charges a Processing Fees of upto 2% of the loan amount and minimum Rs. 999 plus applicable GST with a tenure of 12 months to upto 84 months to that of Bajaj Finserv which charges a processing fees upto 3% of the loan amount with a tenure of 12 months to upto 96 months and upto 1.50% of the loan amount with a tenure of 12 months to 60 months in case of Capital First. The Pre-Closure in case of Tata Capital is upto 4% of the Principal Outstanding, Zero to upto 4% of the Principal Outstanding in case of Bajaj Finserv and 5% of the Principal Outstanding in case of Capital First.

Am I Eligible?

  • The Minimum age of the Salaried applicant should be 21 years at the time of loan application and maximum 58 years at the time of loan maturity.
  • The Minimum age of the Self-Employed Individuals should be 25 years at the time of loan application and maximum 65 years at the time of loan maturity.
  • Salaried Applicant should have a minimum net monthly income of Rs. 20,000
  • Self-Employed Individual should have a minimum net annual income of Rs. 2 Lacs.
  • Salaried Applicant should have a minimum experience of 6 months in the current job and a total experience of 2 years.
  • Self-Employed Individual should have a minimum 3 years experience of running the business in the same city.

Loan Offerings

Tata Capital Personal Loan

  • It provides personal loan with Interest rate ranging from 11.49% to up to 19%. Salaried / Self-Employed Businessman / Women can avail loan amounting from Rs. 75,000 to as high as Rs. 15 Lacs. Self-Employed Professional can avail as minimum Rs. 3 Lacs to as high as Rs. 20 Lacs. Salaried applicants can avail tenure ranging from 12 months to 72 months. Self-Employed Professional and Businessman can avail loan with a tenure ranging from 12 months to 48 months.
  • Documents for Salaried Applicants:
    • Last 2 Years' Employment continuity proof
    • Last 3 Months Salary Slip
    • Latest 3 months bank statement
    • KYC Documents along with Photograph
  • Documents for Self-Employed Professionals:
    • Latest ITR Copy
    • Business Income Proof (Balance sheet(B/S) and Profit & Loss(P&L) Account Statement)
    • Proof of highest professional degree
    • Last 3 months bank statement
    • KYC Documents along with Photograph
  • Documents for Self-Employed Businessman:
    • Latest ITR Copy
    • Business Income Proof (Balance sheet(B/S) and Profit & Loss(P&L) Account Statement)
    • Business Continuity Proof (Trade License/Sales Tax Certificate/Establishment, Certified copy of Partnership Deed, Memorandum of Association(MOA), Article of Association(AOA) and Board Resolution)
    • Last 3 months bank statement
    • KYC Documents along with Photograph

Tata Capital Personal Loan for Education and Higher Studies

  • Tata Capital Personal loans provides bickering free loans for students who want to pursue higher education or are willing to study in abroad as this bank lends up to Rs 15 Lacs of loan for education and higher studies with a minimum documentation and competitive interest rates ranging from 11.49% to 19% per annum which is available for almost course or every institute.
  • Documents required for Tata Capital Personal loan:
    • Attested mark sheets and documents starting from 10th standard.
    • Admission letter which is issued by the admitting school / college or institute.
    • KYC Documents with Photogrpah
    • All important documents issued by the admitting school / college/ institute including prospectus and breakup of fees, etc.
    • Address, age and nationality proofs like aadhar card, passport, pan card or other documents of both students and guarantor parents.
    • Last 6 months Bank Statements, Salary slip of last 3 months and ITR of parent / guarantor.

Tata Capital 50-50 Wedding Loan For Equals

  • Tata Capital Personal loans provides wedding loans to both the couples starting from Rs. 50,000 to upto Rs. 5 Lacs with a tenure ranging from 12 months to 36 months. Its a joint Personal Loan offering where both Bride and Groom which means you can share this loan and can repay this amount equally but you should be at least 24 years old at the time of loan application and the Monthly income of the applicants should be Rs. 30,000 individually (at least for one person) and the Interest rate charged for this 50-50 wedding loan ranging from 11.49% to 19% per annum.
  • Documents required for 50-50 Wedding Loan:
    • Wedding Card, if printed already (Not compulsory)
    • Picture of pre-wedding ceremony like engagement, roka, proposal, or pre-wedding shoot (Not compulsory).
    • Past 3 months bank statements
    • Past 3 months salary slips
    • Last 1 year employment continuity certificate from current organisation.
    • Copy of any major wedding related bill such as booking receipt of banquet hall or caterers etc. The bill should be in the name of bride or groom or their parents.

Tata Capital Interest-Free Travel Loan

  • If you are planning to go for a dream vacation with your loved ones but can not afford the travelling expenses then no need to worry as Tata Capital offers Interest-Free Travel loans of upto Rs. 15 Lacs. For applying this type of loan a Co-applicant is required, he /she can be your son, daughter or spouse or any other close relative. The Maximum tenure is 8 months and the Interest Rate is 0%.

Tata Capital Travel Loan

  • Tata Capital offers you loans upto Rs. 25 Lacs with a Interest rate ranging from 11.49% to 21% per annum. So if you are planning to go for a vacation or at your dream place which requires a huge amount, then you can take advantage of this type of loan. The Preclosure are allowed after first 12 EMI with a tenure ranging from 12 months to 72 months. The option to optimise the repayment frequency is based on – Weekly, Fortnightly or Monthly.

Tata Capital Step Up Flexi EMI Personal Loan

  • Tata Capital Step Up Flexi EMI Personal Loan helps you to pay lower EMIs at the starting for a defined period consisting only the interest rate and then increase the EMIs and pay off the interest rate as well as the principal outstanding. It is most suitable for fresher who have just started their career and expecting higher income in future. It offers Loan upto Rs. 25 Lacs with Interest rate ranging from 11.49% to upto 19% per annum.

Tata Capital Step Down Flexi EMI Personal Loan

  • Tata Capital Step Down Flexi EMI Personal Loan helps you to pay higher EMIs at the starting for a defined period consisting higher principal amount and then decrease the EMIs and pay off the interest rate as well as the principal outstanding. It is Ideal for applicants who have high disposable income on monthly basis. It lends money upto Rs.25 Lacs with interest rate ranging from 11.49% to 19% per annum.

Tata Capital Bullet Flexi EMI Personal Loan

  • Tata Capital Bullet Flexi EMI Personal Loan helps you to pay principal outstanding in parts along with the monthly EMIs. It is most suitable for people who receives incentives periodically and can pay high amount as available. It provides fund upto Rs. 25 Lacs with a interest rate ranging from 11.49% to upto 19% per annum and it comes with zero prepayment charges.

Tata Capital Personal Loan Top Up

  • Tata Capital provides you the facility to borrow funds over and above the loan amount with a tenure from 8 months to maximum of 18 months and the Interest rate charged by Tata Capital ranging from 11.49% to upto 19% per annum.

Tata Capital Personal Loan Rate of Interest

Personal Loan Type Applicable Interest Rate

Tata Capital Personal Loan

11.49% - 19% per annum

Tata Capital Personal Loan for Education and Higher Studies

11.49% - 19% per annum

Tata Capital Personal Loan for Wedding

11.49% - 19% per annum

Tata Capital Interest-Free Travel Loan

0% per annum

Tata Capital Travel Loan

11.49% - 21% per annum

Tata Capital Step Up Flexi EMI Personal Loan

11.49% - 19% per annum

Tata Capital Step Down Flexi EMI Personal Loan

11.49% - 19% per annum

Tata Capital Bullet Flexi EMI Personal Loan

11.49% - 19% per annum

Tata Capital Personal Loan Top Up

11.49% - 19% per annum

How to Apply for Tata Capital Personal Loan?

At Paisa

    • Click on "Apply Now" button
    • Enter your Details such as
      • Your First Name & Last Name, your city, mobile number.
      • Choose if you're Salaried or self employed
      • Name of your Company, your monthly income.
      • Existing EMIs you already pay per month
      • Promo code (if any)
    • Now click on "Submit"

At nearest Tata Capital Branch

    • Walkin to the nearest Tata Capital branch along with loan application and KYC Details.
    • Fill in your details in the form
    • Submit this application form from any of your nearest Tata Capital Branch.

At Tata Capital Customer Care

    • Dial 1800-209-6060 on your mobile.
    • Press 1 for English or Press 2 for Hindi.
    • Press 1 if you are an existing customer.
    • Now, you need to enter your last 8 digits of your loan account number. If your loan account number is of 7 digit number, kindly fix it with 0.
    • Press 2 If you need any information related with their products.
    • Please be online while connecting your call with customer care assistant.

After I Apply?

Check loan status

  • Through Online
    • Click here to go to the Personal Loan tracking page.
    • Enter your loan Application Number.
    • Enter your Date of Birth.
    • Click on ''SUBMIT''

Fees & Penalties

Type of Charge Applicable Charges

Processing Charges

Up to 2% of the loan amount

Foreclosure Charges

Allowed after first 12 EMIs

For Personal Loan: Upto 4% of the Principal Outstanding


For Personal Loan Top Up: 2% on the future principal outstanding on the existing loan

Part-Payment Charges

Allowed after first 6 EMIs

Zero to 2% of the prepaid amount

Penal Interest

2% on the overdue amount

PDC Charges

Rs. 850

EMI Bounce Charges

Rs. 450 per instance

Loan Cancellation Charges

2% of the loan amount or Minimum Rs. 5,750

Cheque / EMI Swapping Charges

Rs. 600

The Processing Charges for personal Loan in Tata Capital Personal Loan is upto 2% of the loan amount and the Foreclosure Charges for Personal loan is upto 4% of the Principal Outstanding and for Personal Loan Top Up, 2% on the future principal Outstanding on the existing loan which are allowed after first 12 EMIs. The part payment charges ranging from Zero to 2% of the Prepaid Amount which are allowed after first 6 EMIs. The Penal Interest charges are 2% on the overdue amount and PDC charges are Rs 850 , Rs. 450 per instance is charged for EMI Bounce and for Loan Cancellation 2% of the loan amount or minimum Rs. 5,750 is charged. Cheque / EMI Swapping Charges are Rs. 600.

FAQs

Is part-payment allowed on Tata Capital Personal Loan? If yes then how much charges would be levied?

Part payment is only allowed only after 6 months of loan disbursal. You can pay a maximum of 25% of the principal outstanding within 6 months without any charges. Beyond that, a fee of 2% of the paid amount will be applicable.

Maximum part payment allowed in a period time is 50% of the principal outstanding.

What are the charges applicable on late payment of the EMI?

Tata Capital would charge an interest rate of 2% over the annual interest rate for late payment from the due date.

How do I contact Tata Capital customer care?

You can contact Tata Capital Customer Care at their phone number 1800-209-6060 or write them at [email protected]

How much I can borrow under Tata Capital Personal Loan?

Tata Capital offers minimum Rs. 75,000 to maximum up to Rs. 15 Lacs for Salaried Individuals and Self-Employed Businessman, and Minimum Rs. 3 Lacs to up to Rs. 20 Lacs for Self-Employed Professionals.

How to get my uncleared PDCs?

Raise a request within 30 days of closure of the loan or change the repayment mode. Otherwise, Tata Capital will destroy the uncleared post-dated cheques including security post-dated cheques without any further notice after a certain period.

reviews
Great
Mohit Arya
Tue Aug 22 2017 09:28:12 GMT+0000 (UTC) a year ago

Fast Processing!! There are so many advantages if you take a decision to apply for a personal loan with Tata Capital. The advantages are - Fast processing. Competitive interest rates. Prompt customer support. Low processing fees. Minimal documentation. Relaxed eligibility criteria.

Bad
Avantiaka Nath
Tue Aug 22 2017 09:29:54 GMT+0000 (UTC) a year ago

I was a little reluctant to apply for a personal loan with Tata Capital. But, after applying for the loan, my fears came true as I have to go through long documentation process, strict eligibility criteria, illiterate customer support team, high interest rates, and long disbursal time. Due to all these reasons, I really regret applying for a loan with Tata Capital.

Bad
Bagavathy Das
Tue Aug 22 2017 09:32:23 GMT+0000 (UTC) a year ago

Poor Services. I am not at all satisfied with the services offered by Tata Capital. I was promised competitive interest rates, but while processing high interest rates were levied. The customer support is not at all cooperative, moreover the processing fees are quite high and you have to wait for a long time for the disbursal of loan.

Great
Bhavana Chandra
Tue Aug 22 2017 09:33:30 GMT+0000 (UTC) a year ago

Rewarding Experience!!! Tata Capital really takes care of their customers. You will be provided all the information you need related to the personal loan. The staff is cooperative, there is little documentation, the interest rates are completive, and the loan is disbursed with 6 days.