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Tata Capital Personal Loan

Apply for instant personal loan up to Rs. 35 Lakhs and repayment tenure up to 7 years with Tata Capital. Tata Capital personal loan interest rate starts from just 10.99% p.a. The eligibility is simple and easy to meet. You can also calculate EMI for the loan using its online EMI Calculator.

TATA Capital Personal Loan Details

Highlights of TATA CAPITAL Personal Loan:

Loan amount Rs. 75000 to Rs 35 Lakh
Rate of interest 10.99% p.a onwards
Tenure Up to 7 years
Lowest EMI possible Rs. 1712 Per Lakh
Processing fee Up to 2.75% + GST

Note: Tata Capital is powered by https://www.tatacapital.com/ and the information mentioned here is provided by Tata Capital Financial Services Limited.

TATA Capital Personal Loan Features

Let’s list out features of Tata Capital Personal Loan and understand the USP of the product. It will help you understand suitability of the loan for your individual needs.

  • Amount: Tata Capital Personal Loan is a highly flexible bank product. You can apply for Rs 75000 to Rs 35 Lakh as per your needs.
  • Personal Loan Top-up: This is one of the striking features. If you have Tata Capital Personal Loan, you are preapproved for a Top-Up Personal Loan after payment of successful 8 to 18 EMIs.
  • Overdraft:  Furthermore, if you maintain repayment schedule you can also avail of preapproved overdraft limit for urgent cash lapses along with your Tata Capital Personal Loan. You would not need to apply for another loan.
  • Interest Rate: The Tata Capital Personal Loan Interest Rates are strictly in lines with the market standards. You can avail a Personal Loan starting from 10.99% p.a. You get enough flexibility to choose the repayment structure according to your financial health.
  • Tenure: Stepping ahead of competition, Tata Capital offers Personal Loan for an extended tenure of 6 years.
  • EMI: You can use Tata Capital Personal Loan Calculator to choose the loan EMI according to your repayment capacity. Presently, lowest EMI for Tata Personal Loan will be Rs 1712 for Rs 1 Lakh loan.
  • Unsecured Loan: You do not require Loan Security, Guarantor or Collateral for Tata Capital Personal Loan as it is an Unsecured Loan product.
  • Foreclosure Charges:  Tata Capital Personal Loan can be foreclosed by paying off a foreclosure charge of 4.5% to 6.5% of the principal outstanding plus GST, depending on the tenure. While foreclosure of top-up will attract charges of 2.5% to 4.5% of the principal amount. So know about all charges before signing up for the loan.
  • Processing Fee: The processing fee is non-refundable and varies according to the loan agreement. Tata Capital, in general, levies processing fee up to 2.75% of the loan amount plus GST as applicable.
  • Repayment Method: Most NBFCs prefer auto debit or ECS facility, and so does Tata capital. For special cases, you may be allowed to pay with post-dated cheques.

Tata Capital Personal Loan Interest Rates

The Tata Capital personal loan interest rates are competitive and affordable and start from just 10.99% p.a. The lower interest rates you receive, the smaller EMI you have to pay. Personal loan interest rates can vary for each borrower depending on several factors like their CIBIL score, income, the amount being borrowed, repayment capability, repayment tenure, employer’s reputation, nature of employment, financial history, debt-to-income ratio, and so on.

Tata Capital Personal Loan Eligibility

Tata Capital Personal Loan is tailored according to customer needs. To ensure best customer experience, eligibility criteria is easy to meet. Let’s take a quick look at Tata Capital Personal Loan eligibility requirements below:

Eligibility of Personal Loan for Salaried & Self Employed Individuals are-

  • Age: 22 to 58 years
  • Minimum Fixed Monthly Income: Rs 15,000
  • Minimum Work Experience: At least 1year
  • To avail the best rate of interest, credit score should be above 750. Furthermore, the lender will assess multiple factors such as fixed monthly income, age, nature of employment, CIBIL score, professional experience & alike for quoting the final rate of interest.

Documents Required for Tata Capital Personal Loan

Before you fill the application form for Tata Capital Personal Loan, make sure you have following documents handy.

  • Duly filled application form
  • 3 passport size pictures
  • Identity Proof
  • Address Proof
  • Income Proof

Here is the list of Personal Loan Documents you would require while submitting the loan application:-

Documents for Salaried Individuals Documents for Self Employed Individuals 

 

Any one of the Identity Proofs: 
Aadhar Card/ PAN/Voter’s ID/ Passport/ Driving License

 

Any one of the Address Proofs: 
PAN/ Utility Bills like Electricity Bill etc/ Ration Card/  Passport 

 

Proof of Income: 
1.Bank Statements for last 3 months

2.Salary Slips for last 3 months

Anyone  of the Identity Proofs:  
Aadhar Card/ PAN/Voter’s ID/ Passport/ Driving License

 

Any one of the Address Proofs: 
PAN/ Utility Bills like Electricity Bill etc/ Ration Card/  Passport 

 

Proof of Income & Existence of Business: 
1. Tax Registration copy/ Company Registration License/ Shop Establishment Proof

 

2. Bank Account Statements for Savings & Current Accounts  for past one year

 

3. Income Tax Returns for last year

Tata Capital Personal Loan Charges

Make note of schedule of charges along with interest rate and processing charges before applying for a Personal Loan. Here is the detailed list of fees and charges for Tata Capital Personal Loan: 

SUBJECT FEES & CHARGES
Interest Rates (Per Annum) Starts from 10.99% 
Processing Fees Up to 2.75% +GST
Pre-Closure Fee* Up to 4 %  +GST
Part Payment Fee *Prepayment allowed after 6 months
*NIL up to 25%
*Up to 2% for 25-50% prepayment
Penal Interest/ Additional Interest 3% on Overdue amount per month + GST
Bounce Charges Rs. 600 for each instance + GST
Mandate Rejection Service Charge Rs 450+ GST
Loan Cancellation Charges 2% of loan amount or Rs. 5,750, whichever is higher + GST
Instrument Swap Charges Rs 550 +GST
Duplicate Repayment Schedule *Soft Copy – Nil 
*Branch Walk-In – Rs. 550 + GST
Duplicate NOC Rs. 550 + GST
Post-Dated Cheque Charges Rs. 850 + GST

How to Calculate Tata Capital Personal Loan EMI?

Before applying for Tata Capital Personal Loan, you should use TheMoneyTrunk EMI Calculator (under Financial Tools section on Home Page) and find out the suitable instalment plan. Using this calculator you can finalise tentative loan tenure, amount and EMI. 

It will help you estimate: 1) Loan EMI, 2) Total Interest Payable, 3) Total Payments (Principal + Interest). You will also get amortization schedule for the loan.

This way, you can make an informed decision. In case you require help for the same, contact our Loan Expert and get assistance online. 

Let’s take an example on how to use the Personal Loan EMI Calculator: 

Input:
Loan amount required: Rs. 5 Lakhs

Tenure of repayment: 5 years

Interest Rate applicable: 10.99% p.a.

As you submit the above information, the calculator will give results: 

EMI to be paid each month: Rs. 10,869

Total interest outgo: Rs. 1,52,123

Total amount to be paid: Rs. 6,52,123

You will also get the detailed amortization schedule.
You can also access Tata Capital Personal Loan EMI Calculator before making the final decision.

Tata Capital Personal Loan Verification Process

After you fill the Personal Loan Application on TheMoneyTrunk, your request is instantly processed. Here are the steps forward-

  • When you apply online through TheMoneyTrunk, your request is directed to the lender.
  • A loan rep from TATA CAPITAL will call you for verifying the mentioned details.
  • Share your consent on Personal Loan Verification Process and verify all the details.
  • Following this, all the required documents will be picked from your location.
  • Now lender will verify the documents before sanctioning loan.
  • The bank will call you for final consent and present loan agreement detailing loan amount, Personal Loan Interest Rate, and Repayment Tenure.
  • Once acknowledged re a signature, the loan amount will be disbursed into your bank account.

How to Apply for Tata Capital Personal Loan on TheMoneyTrunk?

Follow these simple steps to apply for Tata Capital Personal Loan on TheMoneyTrunk Platform. It is easy, fast and reliable.

  • Visit Home Page.
  • Click on Personal Loan
  • Fill the form. Share loan requirement and personal details. You will be required to share your name, desired loan amount, loan tenure, city of your residence, employment type, income, & contact information.
  • An OTP (one time password) will be generated and sent to the mobile number shared in the above step.
  • Use this OTP to visit the list of most suitable Personal Loan products for your profile.
  • You can compare various deals and apply for the Best Personal Loan. Alternatively, go directly on Tata Capital Personal Loan and click on Apply or eConnect with Bank button.
  • Following up on your request, a loan representative will call you and take you further on this request.
  • She will detail you about next steps and documentation and guide you till the disbursement.
  • Kindly note that TheMoneyTrunk’s Loan guidance is free of cost and there is no charge to apply for loan via this website.

Tata Capital Personal Loan Customer Care

For queries & feedback use following modes:

  1. Use Tata Capital Customer ID & Password to access portal & mobile app for quick resolution of your loan related queries. All account related details can be access from customer portal.
  2. TATA CAPITAL CUSTOMER CARE NUMBER:  Call 1860 267 6060 
    (between 9 am to 8 pm,  Monday to Saturday)
    (Service not available on Sundays and public holidays.)
  3. For Personal Loan related queries write email to: [email protected]
  4. Mail: You can write your posts to: 

TATA Capital Grievance Officer Details:

Name: Francyna Dias

Designation: Grievance Redressal Officer (GRO)

Address: 11th Floor, Tower A, Peninsula Business Park, 
Ganpatrao Kadam Marg, Lower Parel, 
Mumbai – 400013

Contact No: 18602676060

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