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tata capital personal loan

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Product Rating

4.5 /5

Total - 265 ratings

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Factors Requirements

Mode of Process

Mail

Location 

PAN India

Lending Size and Tenure 

2L-25L (12M to 60 M)

ROI

10.49%-18%

ROI (Fixed/Reducing)

Fixed

Processing Fees

3%

Foreclosure

After 12 months as per Policies

Partial Payment Allowance

Yes after 6 Month

Dealing in Unsecured OD

3 Lac

USP

Unsecured OD & 3-5 Lac funding to Minus 1 Cibil

At Tata Capital, personal loans are built around your needs. They come with competitive interest rates and flexible tenures to match the applicant's requirements. Because of this, getting a personal loan from Tata Capital has never been so quick and easy. Whether you need funds for setting up your business, education, or home improvement, Tata Capital offers a range of loan sizes to suit each occasion. They offer quick, flexible, and hassle-free finance at the best interest rates in the town. Popular among value-conscious salaried individuals and professionals for regular household expenses, home improvement, medical emergencies, and other major or minor expenses.

Factors about Tata Capital Personal Loan

Factors Requirements

Mode of Process

Mail

Location 

PAN India

Lending Size and Tenure 

2L-25L (12M to 60 M)

ROI

10.49%-18%

ROI (Fixed/Reducing)

Fixed

Processing Fees

3%

Foreclosure

After 12 months as per Policies

Partial Payment Allowance

Yes after 6 Month

Dealing in Unsecured OD

3 Lac

USP

Unsecured OD & 3-5 Lac funding to Minus 1 Cibil

Negative Profile for Tata Capital Personal Loan

A negative list or negative profile is a list of areas of the city where residents would not qualify for credit approval. In India, this has been a relatively new development.

Hotel & Hospitality

Tour & Travel

Aviation Sector

Textile

Coaching Centres

Construction & Real Estate

Retail Non-Foods

Entertainment & Leisure

Agri (Rice/DalMills etc.)

Delivery & Courier Service

Medical Representatives

Profiles requiring extensive Travels

Blue Collar (NSP)

Mandir/Masjid/

Gurudwara/Church

Company which are in Liquidation or in BIFR

NGO and NRI 

Eligibility

  • The age of the applicant should be between 21 to 58
  • The min. salary of the applicant should be 20K- Super Cat A/A, Existing Customer, 25K-Govt, 40K Other
  • The min. Employment should be for 2 years
  • Minimum CIBIL score has to be 720

Documents Required

  • KYC of Applicant (PAN+Passport Size Photo+Adhar Card)
  • Last 6 Month Salary Bank Statement in PDF
  • Last 3 Month Salary Slip if Salary
  • Ownership Proof Latest Utility Bill (If rented then rent agreement)
  • Copy of Cancel Cheque of Salary Account or Passbook front page
  • Last 2 Year Form 16
  • Last 2 Year ITR if Filled
  • Company ID (If not available then Office Mail ID & Land Line Number)
  • Copy of Appointment Letter
  • All Running Loan Sanction letter with a repayment schedule

Let us take an example, How EMI is being calculated


For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee upto 2-3% of loan amount may apply. T&C apply.

Year Principal
(A)
Interest
(B)
Total Payment
(A + B)
Balance Loan Paid To Date
2022 ₹ 11,363 ₹ 5,969 ₹ 17,333 ₹ 88,637 11.36%
Aug ₹ 2,217 ₹ 1,250 ₹ 3,467 ₹ 97,783 2.22%
Sep ₹ 2,244 ₹ 1,222 ₹ 3,467 ₹ 95,539 4.46%
Oct ₹ 2,272 ₹ 1,194 ₹ 3,467 ₹ 93,267 6.73%
Nov ₹ 2,301 ₹ 1,166 ₹ 3,467 ₹ 90,966 9.03%
Dec ₹ 2,329 ₹ 1,137 ₹ 3,467 ₹ 88,637 11.36%
2023 ₹ 30,332 ₹ 11,266 ₹ 41,598 ₹ 58,305 41.70%
Jan ₹ 2,359 ₹ 1,108 ₹ 3,467 ₹ 86,278 13.72%
Feb ₹ 2,388 ₹ 1,078 ₹ 3,467 ₹ 83,890 16.11%
Mar ₹ 2,418 ₹ 1,049 ₹ 3,467 ₹ 81,472 18.53%
Apr ₹ 2,448 ₹ 1,018 ₹ 3,467 ₹ 79,024 20.98%
May ₹ 2,479 ₹ 988 ₹ 3,467 ₹ 76,545 23.45%
Jun ₹ 2,510 ₹ 957 ₹ 3,467 ₹ 74,036 25.96%
Jul ₹ 2,541 ₹ 925 ₹ 3,467 ₹ 71,495 28.51%
Aug ₹ 2,573 ₹ 894 ₹ 3,467 ₹ 68,922 31.08%
Sep ₹ 2,605 ₹ 862 ₹ 3,467 ₹ 66,317 33.68%
Oct ₹ 2,638 ₹ 829 ₹ 3,467 ₹ 63,679 36.32%
Nov ₹ 2,671 ₹ 796 ₹ 3,467 ₹ 61,009 38.99%
Dec ₹ 2,704 ₹ 763 ₹ 3,467 ₹ 58,305 41.70%
2024 ₹ 35,208 ₹ 6,390 ₹ 41,598 ₹ 23,097 76.90%
Jan ₹ 2,738 ₹ 729 ₹ 3,467 ₹ 55,567 44.43%
Feb ₹ 2,772 ₹ 695 ₹ 3,467 ₹ 52,795 47.20%
Mar ₹ 2,807 ₹ 660 ₹ 3,467 ₹ 49,988 50.01%
Apr ₹ 2,842 ₹ 625 ₹ 3,467 ₹ 47,147 52.85%
May ₹ 2,877 ₹ 589 ₹ 3,467 ₹ 44,270 55.73%
Jun ₹ 2,913 ₹ 553 ₹ 3,467 ₹ 41,356 58.64%
Jul ₹ 2,950 ₹ 517 ₹ 3,467 ₹ 38,407 61.59%
Aug ₹ 2,986 ₹ 480 ₹ 3,467 ₹ 35,420 64.58%
Sep ₹ 3,024 ₹ 443 ₹ 3,467 ₹ 32,397 67.60%
Oct ₹ 3,062 ₹ 405 ₹ 3,467 ₹ 29,335 70.67%
Nov ₹ 3,100 ₹ 367 ₹ 3,467 ₹ 26,235 73.76%
Dec ₹ 3,139 ₹ 328 ₹ 3,467 ₹ 23,097 76.90%
2025 ₹ 23,097 ₹ 1,169 ₹ 24,266 ₹ 0 100.00%
Jan ₹ 3,178 ₹ 289 ₹ 3,467 ₹ 19,919 80.08%
Feb ₹ 3,218 ₹ 249 ₹ 3,467 ₹ 16,701 83.30%
Mar ₹ 3,258 ₹ 209 ₹ 3,467 ₹ 13,443 86.56%
Apr ₹ 3,298 ₹ 168 ₹ 3,467 ₹ 10,145 89.86%
May ₹ 3,340 ₹ 127 ₹ 3,467 ₹ 6,805 93.19%
Jun ₹ 3,381 ₹ 85 ₹ 3,467 ₹ 3,424 96.58%
Jul ₹ 3,424 ₹ 43 ₹ 3,467 ₹ 0 100.00%

FREQUENTLY ASKED QUESTIONS

Have a question? We've got answers!

Tata Capital provides personal loans to individuals who are in need of urgent credit to meet any financial obligation. The loan is easy to avail of following some profile assessment.

When you need credit, apply for a Tata Capital personal loan. The lender verifies and accepts your loan application when you submit it to them. The loan money is then transferred to your bank account. You must reimburse the lender via EMI for the duration of the loan repayment period after receiving the loan amount.

You can choose from various payment plans when repaying your Tata Capital personal loan. You can opt for the standard, a fixed loan and interest amount, or choose to pay higher/lower monthly installments in the initial months, then lower/higher monthly installments later, depending on your income.

A good CIBIL Score is always an additional point for the applicant, but you can apply otherwise. Tata Capital approves personal loans depending on the applicant's ability to pay.

Yes, you can quickly transfer your loan to TATA Capital.

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