Interest Rate
11.49 - 19
Processing Fee
2% Max
Loan amount
75000.00 - 2000000.00
Tenure
5 years
Salaried Borrowers can avail a min of Rs. 75,000 to max Rs. 15 Lacs.
Self-Employed can avail min Rs. 3 Lacs to max Rs. 20 Lacs.
Tenure for Self-Employed is max upto 4 Years only.

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.

The annual interest rate charged by Tata Capital ranges from 10.99% to up to 21% and the pre-payment charges are up to 4% of the principal outstanding which is allowed only after first 12 months of loan disbursed.

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-Closure Charges Upto 4% of the Principal Outstanding
Allowed only after first 12 months of disbursal

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

Tata Capital Personal Loan Eligibility


Eligibility Criteria
Age 21 Years to 58 Years
For Salaried Individuals
25 Years to 65 Years
For Self-Employed Individuals
Income Rs. 20,000 per month
For Salaried Individuals
Rs. 2 Lacs per annum
For Self-Employed Individuals
Current Work Experience Minimum 6 Months
For Salaried Individuals
Total Work Experience Minimum 2 Years
For Salaried Individuals
Minimum 3 Years
For Self-Employed
  • 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.

Why Tata Capital Finance is a good fit for you?


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.

Why Choose Tata Capital Finance?


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.

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 Finance 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.

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.

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.

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.

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 Documentation


Documents required for Salaried:

  • 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

Documents for Tata Capital Personal Loan for Education and Higher Studies

  • 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.

Documents 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.

How do I apply for Tata Capital Personal Loan?


At Kredit

  • 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"

After I Apply?


Check Tata Capital Personal Loan Application Status

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

Fees & Charges


Type of Charges Applicable Amount
Processing Charges Up to 2% of the loan amount
Foreclosure Charges
Allowed after first 12 EMIs
Upto 4% of the Principal Outstanding
For Personal Loan
2% on the future principal outstanding on the existing loan
For Personal Loan Top Up
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.

Personal Loan
1 4 5
2019-07-08

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