Tata Capital Personal Loan: Eligibility, Interest Rate & Apply Online

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Get Tata Capital Personal Loan at lowest interest rates

  • Loan Amount: Upto Rs. 25 lakh
  • Processing Fees: Upto 2.5%

Apply for Personal Loan Starting From 10.50%*

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I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/02/2020

CC:
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Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.

D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL

E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.

F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

G. I understand that in order to deliver the product to me, I hereby authorize Paisabazaar, to obtain my Consumer Credit Information from TUCL.

H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

J. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.

K. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/02/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
CONDITIONS

I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

I hereby also confirm that I have only appointed Paisabazaar to be my authorized agent/representative for collection of my CIR.

I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

I shall at all times co-operate with Equifax and execute and deliver to Equifax such instruments and documents and take such other actions as may be required by Equifax from time to time in connection with this authority letter.

By signing on this authorization letter, I hereby acknowledge and accept the Standard Terms and Conditions mentioned above.

Date : 23/02/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/02/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
CONDITIONS

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 23/02/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/02/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

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Date :23/02/2020

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हिंदी में पढ़े
Updated: 31-01-2020 13:04:36 PM

Tata Capital offers personal loans of up to Rs. 25 lakh to individuals applying online, calling the customer care number or visiting the nearest branch. The interest rates start at 10.99% and the tenure can extend up to 72 months. With minimum paperwork involved, your personal loan application is processed instantly and the loan amount is disbursed quickly.

 

Features of Tata Capital Personal Loan

  • Loan amount: Tata Capital offers a personal loan amount of maximum Rs. 25 lakh that can be used to fulfill many personal expenses
  • Instant online approval: Once you submit all the documents and other information, you get an instant in-principal approval on your personal loan
  • Flexible tenure: Tata Capital ensures that your repayment schedule is stress-free and offers you a flexible tenure ranging from 12 to 72 months
  • Quick fund disbursal: Once your Tata Capital personal loan application gets processed, your funds can get disbursed within as short a time as a few hours
  • Zero part-prepayment charges: Tata Capital allows prepayment of a personal loan after completion of 6 months i.e. repayment of at least 6 EMIs. Zero part payment charges are applicable if the amount you part pre-pay on your loan up to 25% of the loan amount
  • Overdraft facility: Tata Capital’s personal loan offers an overdraft limit which allows you to withdraw additional money up to a pre-arranged limit. The interest on the overdraft is charged only on the amount you use
  • Minimal documentation process: To apply for Tata Capital personal loan, you only need to submit basic documents for a hassle-free process

Tata Capital Personal Loan Interest Rates

Tata Capital Personal Loan interest rate starts at 10.99%. Specific interest rates applicable to an applicant are dependent upon several factors including but not limited to credit score, customer segment, loan amount and location.

Types of Tata Capital Personal Loan Products

Type of Personal LoanInterest Rate (p.a.)
Home Renovation LoanStarting at 10.99% p.a.
Wedding Loan
Medical Loan
Travel Loan
 Overdraft LoanStarting at 13.50% p.a.
  1. Tata Capital Home Renovation Loan: Remodel or renovate your home without any money constraints with Tata Capital Home Renovation Loan. the Home Renovation Loan comes with the following features:
  • One can avail a loan up to Rs. 25 lakh
  • The loan tenure can vary between 12 to 72 months
  • Requires no collateral or security to avail
  • Interest rate starts at as low as 10.99%
  1. Tata Capital Wedding Loan: You can make your dream wedding possible with a Tata Capital Wedding Loan. Whether you want to book that perfect venue, hire a high-end wedding photographer or buy that beautiful dress from your favourite designer, a wedding loan can help you pay for all wedding-related expenses. Key features of the wedding loan are:
  • One can avail a loan up to Rs. 25 lakh
  • The loan tenure can vary between 12 to72 months
  • Early part repayment of the loan can be done without any extra charges/cost
  • Interest rates start at as low as 10.99%
  • No collateral or security is required to obtain the loan
  • Minimal paperwork and quick approval/disbursal of loans
  1. Tata Capital Medical Loan: Medical emergencies can strike anyone anytime and being short of funds at such a crucial time can be really stressful. Tata Capital Medical Loan offers flexible repayment options for all medical, dental and cosmetic procedures. The features of Tata Capital’s Medical Loan are as follows:
  • Applications receive instant e-approval once all the required documents are submitted
  • Minimum paperwork and quick disbursal of loans
  • Applicant has the flexibility to decide the loan amount, tenure and repayment options
  • Requires no collateral or security to be provided
  1. Tata Capital Travel Loan: This personal loan from Tata Capital lets you undertake your dream trip without falling short of funds. It covers all travel related expenses like hotel and airfares (all kinds of transportation expenses), tour packages, etc. The features of the Tata Capital Personal Loan for Travel include:
  • Quick turnaround time from application to disbursal. Funds may be credited in the customer’s bank account within a couple of days subsequent to approval
  • Requires minimum paperwork and no collateral
  • Features tenure of up to 72 months
  1. Tata Capital Overdraft Loan: The overdraft facility is applicable to Tata Capital Personal Loans lets customers withdraw and pay back multiple times within their sanctioned credit limit. Interest is charged only on the amount utilized. Some key features of the Overdraft Loan are given below:
  • The loan amount sanctioned can range between Rs. 2 lakh to Rs. 25 lakh depending upon your loan eligibility and other criteria
  • Interest rate starts at 13.50% p.a.
  • Simple documentation and minimum paperwork
  • Customers can withdraw and pay back multiple times within the sanctioned limit
  • Allows part-payment without any extra charge
  • Offers Fixed Hybrid Overdraft facility, whereby the sanctioned limit of the loan remains fixed for a pre-determined tenure (1 year for 4 year loan tenure/2 years for 5 year loan tenure). Subsequently, there is a drop in limit for the rest of the tenure.

Eligibility Criteria

To avail Tata Capital personal loan, the following details must be taken into consideration:

Particulars of ApplicantEligibility Criteria
Age21-60 Years
Minimum Monthly IncomeRs. 15,000
Minimum Work Experience1 Year
Job StabilityShould be in the same job for at least 6 months

Documents required for Loan Application

The following documents are required to avail Tata Capital Personal Loan:

  • Photo Identity Proof: A copy of your PAN/Aadhaar/Passport/Voter ID/Driving License etc.
  • Income Proof: A copy of salary account bank statements for the past six months
  • Address Proof: A copy of your Electricity Bill (not more than 3 months old) / Ration Card / Passport
  • Salary slips for last 3 months
  • Employment Certificate: A certificate issued by employer certifying one year of continuous employment with the current employer

How to Apply for Tata Capital Personal Loan with Paisabazaar?

How to Apply for Tata Capital Personal Loan with Paisabazaar

The application process for Tata Capital Personal Loan with Paisabazaar involves the following steps:

Step 1- Visit Paisabazaar.com and fill out the online application form to check offers.

Step 2 – You will get a list of personal loan offers from different banks/NBFCs listed as per the chances of approval.

Step 3 – Contact Paisabazaar for assistance or select a prospective lender from the list.

Step 4 – Complete and submit your loan application online.

Personal Loan Verification Process

Once your personal loan application is successfully submitted online on Paisabazaar, the verification process involves the following steps:

Step1. Paisabazaar forwards your loan application to the chosen lender. This is followed by a call from the lender’s representative typically within 48 hours of submission of the online loan application. .

 Step2. The prospective lender schedules a pickup of your KYC, income, etc. documents or offers an option to upload them online. These documents are used to verify your application.

Step3. Upon the successful completion of the lender’s verification and the approval of the loan, the customer receives another call to verify the loan offer and ask for your consent for disbursal.

Step4. After successful verification and loan approval, the loan is usually disbursed within 48 hours.

Note: The above mentioned turnaround time for personal loan verification/disbursal may vary based on lender’s internal requirements as well as other criteria.

Check Tata Capital Personal Loan Application Status

 Customers can check the status of their personal loan application through the following ways:

  • In case you have applied for a Tata Capital personal loan through the mobile app, the real time status of your application will be visible on your app.
  • In case you have applied through the company’s online portal, then you can contact Tata Capital via email at contactus@tatacapital.com or call up customer care between 9:00 a.m. – 6:00 p.m. from Monday to Saturday (Except Public Holidays) on 1860 267 6060 (toll-free)

Fees and other Charges

Loan Processing ChargesUp to 2.5% of the loan amount + GST
Part Prepayment Charges· Part prepayment is applicable post repayment of 6 EMIs without any penalty or additional fee.

· A fee of 2.5% of the amount paid plus GST is applicable beyond 25% of principal amount outstanding.

Penal Interest/ Additional Interest3% on overdue amount per month + GST
Post- dated cheque chargesRs. 850 + GST
Cheque Bounce ChargesRs. 600 for every Cheque/ ECS Dishonour/ Payment Instrument + GST
Cancellation charges2% of loan amount or Rs. 5750, whichever is higher + GST
Instrument swapping chargesRs. 550 + GST
Foreclosure charges●     No Foreclosure is allowed in first 6 months

●     4.5% on the principal amount outstanding (dropped down amount) + GST

Mandate Rejection Service ChargeRs. 450 + GST (Charges will be levied on the EMI due date if the account does not have an active mandate after the exhaustion of the given post-dated cheques. This charge would be levied every month till an active mandate is activated.)
Outstation Collection ChargesRs. 100 + GST

How to Login on Tata Capital Portal

The login process involves the given steps:

1. Visit the official website of Tata Capital.

1. Visit the official website of Tata Capital

2. Click on ‘Login’ located at the top right hand corner of the page and select ‘Retail Customer Login’.

2. Click on ‘Login’ located at the top right hand corner of the page and select ‘Retail Customer Login’.

3. Now you can login using your registered mobile number/email id. Customers can also login using their Tata Capital website User ID and Password.

Now you can login using your registered mobile number/email id. Customers can also login using their Tata Capital website User ID and Password.

Tata Capital Personal Loan Statement

You can obtain your Tata Capital personal loan statement in 2 ways:

  • Download the online statement and personal loan amortization scheme by logging into your online Tata Capital account or
  • Visit your nearby Tata Capital representative office and get a physical i.e. printed copy of your personal loan statement.

EMI Calculation

Calculating EMI before applying for personal loan helps you in making sure that the loan EMI payments do not adversely impact your monthly budget. It also helps in reducing the risk of defaulting on your loan. Finding an EMI that best suits your requirement through manual calculations is a tedious task, therefore, Tata Capital offers you a Personal Loan EMI calculator.

The rate of interest for Tata Capital Personal Loans starts at as low as 10.99%. The table below depicts a sample of loan amounts and the EMI payable for different loan tenure and interest rates.

Loan Amount (Rs.) and Interest RateMonthly EMI Payout (Rs.)
1-year loan tenure2-year loan tenure3-year loan tenure4-year loan tenure5-year loan tenure
5 lakh @ 11.25% p.a.Rs. 44,249Rs. 23,362Rs. 16,429Rs. 12,984Rs. 10,934
10 lakh @ 13% p.a.Rs. 89,317Rs. 47,542Rs. 33,694Rs. 26,827Rs. 22,753
20 lakh @ 15% p.a.Rs. 1,80,517Rs. 96,973Rs. 69,331Rs. 55,661Rs. 47,580

Comparison of Tata Capital Personal Loan vs Other Lenders

The following is a table comparing the key features of a personal loan from Tata Capital to other top lenders in India:

ParticularsTata CapitalHDFC BankCiti BankAxis BankICICI BankBajaj Finserv
Interest RateStarting from 10.99%10.75% to 21.30%Starting from 10.50%11.49% to 17.49%11.25% to 22.00%Starting from 12.99%
Tenure12 to 72 months12 to 60 months12 to 60 months12 to 60 months12 to 60 months12 to 60 months
Loan amountUpto Rs. 25 lakhUpto Rs. 40 lakhUpto Rs. 30 lakhRs. 50,000 to Rs. 15 lakhUpto Rs. 20 lakhUpto Rs. 25 lakh
Processing FeeUpto 2.5% of the loan amount plus GSTUpto 2.50% of the loan amountUpto 3% of the loan amount2% of loan amount plus GSTUpto 2.25% of loan amount plus GSTUp to 4.13% of the loan amount

Tata Capital Customer Care

Customers can contact the company’s customer through any of the following ways:

  • By Phone: You can call on 1860-267-6060 (between 9AM to 8 PM; Monday to Saturday). Standard call charges may apply.
  • Email: You can send an email on contactus@tatacapital.com or customercare@tatacapital.com (For existing Customers) to get support from customer care.
  • Branch Visit: You can also visit the nearby Tata Capital branch to get your queries answered by a representative. Click here to locate nearby Tata Capital branch
  • Write to the Company: You can receiver customer support/grievance redress by writing to Tata Capital at 11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013.

Benefits of Applying for Personal Loan at Paisabazaar

Given below are the various benefits of applying for a personal loan at Paisabazaar.com:

  • com enables you to make the right decision, by offering you the option to compare important personal loan features like interest rate, foreclosure charges, etc. across 30+ lenders on a single platform
  • The completely online platform eliminates the need to physically visit the prospective lender’s branch office
  • You can automatically compare the EMI payout of different personal loan options to help you decide the most suitable personal loan offer
  • Customers can access Paisabazaar’s website at their own time and convenience-anytime, anywhere
  • The comparison service provided by Paisabazaar.com is completely free of charge.

Important Aspects

  • To avail the best deal, different interest rates and charges should be compared online before actually applying for a personal loan
  • Consider the complete cost of the loan. Interest is not the only cost that you need to pay. Other charges like processing fee, late payment fee, prepayment fee, etc. might also be considered while deciding upon a particular personal loan
  • Avoid applying for a personal loan with multiple lenders at the same time. It may lead to an increase in the number of hard inquiries for your credit report and may adversely affect your chances of approval
  • Check your credit score before applying for a loan. It is one of the first things that lenders consider before lending money to a person. Low credit score might lead to an increase in the interest rate charged by the bank or the rejection of your loan application
  • Borrow only what you need and can pay back. Don’t borrow simply because you are eligible to borrow a higher amount

FAQs

Q1. I live in Mumbai. Can I apply for Tata Capital personal loan?

Yes, you can apply for Tata Capital personal loan if you live in Mumbai. You can also apply for this personal loan if you are living in major cities across India like Delhi, Noida, Pune, Chennai, Bangalore, Vizag, etc.

Q2. What should I do if I have a low credit score?

If you have a low credit score, you can take a joint loan with either your spouse or parent (only if their credit score is good). However, credit score is only one of the factors impacting eligibility for a personal loan as other factors including your repayment capability will also be considered at the time of approval.

Q3. Can I transfer my existing personal loan to Tata Capital?

Yes, you can get your existing personal loan transferred to Tata Capital. There are of course charges for a personal loan balance transfer and these are decided on a case to case basis.

Q4. How much time will it take for a personal loan to get disbursed?

Once the verification process is completed and your personal loan is approved, Tata Capital usually takes 72 hours to disburse your personal loan.

Q5. How is Tata Capital Personal overdraft loan different from term personal loan?

Tata Capital personal overdraft loan features an overdraft facility which lets customers withdraw additional funds up to an agreed limit and interest is charged only on the amount that they use. Besides, it does not charge customers on part pre-payment after 6 months of availing a personal loan. These features set the overdraft loan apart from a term personal loan.

Q6. What is the minimum and maximum loan amount?

Tata Capital offers personal loans from a minimum of Rs. 75,000 to a maximum of Rs. 25 lakh depending upon the customer’s eligibility.

Q7. What are the different tenure options available on Personal Loans?

The loan tenure can range between 12 to 72 months.

Q8. Are guarantors or collateral (security) required to secure a personal loan from Tata Capital?

No, to get personal loans you do not require any guarantor or collateral as these loans are typically unsecured in nature.

Q8. What are the different payment options available with Tata Capital to repay personal loans?

Customers can pay their loan EMIs online using the company’s website or mobile application. They can also drop a cheque at the nearest branch office or set up automated payments/SI linked to a bank account of their choice to make the EMI repayment.

Q9. What is a Medical Loan?

A Medical Loan is a type of personal loan that can be used for a variety of medical treatments. The loan amount can be used to take care of any emergency medical expenses/treatments, for providing the best healthcare for yourself or your loved ones, etc.

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Tata Capital Personal Loan: Eligibility, Interest Rate & Apply Online
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