At Tata Capital, you can opt for a personal loan amount of upto Rs. 25 lakh by applying online, calling the customer care or visiting the nearest branch. With minimum paperwork involved, your personal loan application is processed instantly and the loan amount is disbursed quickly.
Tata Capital Personal Loan - Features and Benefits
- Loan amount: Tata Capital offers a personal loan amount of maximum Rs. 25 lakh that can be used to fulfil many personal expenses
- Instant online approval: Once you submit all the documents and other information, you get an instant approval on your personal loan
- Flexible tenure: Tata Capital ensures that your EMIs are stress- free and offers you a flexible tenure ranging from 12 to 60 months
- Quick fund disbursal: Once your Tata Capital personal loan application gets processed, your funds get disbursed within a few hours
- Zero part-prepayment charges: Tata Capital allows prepayment of a personal loan after 6 months. Also, you won’t be charged anything if you part pre-pay your loan up to 25% of the loan amount
- Overdraft facility: At Tata Capital, you can withdraw additional money up to an agreed 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 documentation for a hassle- free process
Tata Capital Personal Loan - Interest Rate
| Interest Rate | 11.25% onwards |
| Loan Processing Charges | Up 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% of the amount paid plus GST is applicable beyond 25% of the principal outstanding. |
| Penal Interest/ Additional Interest | 3% on overdue amount per month + GST |
| Post- dated cheque charges | Rs. 850 + GST |
| Bounce Charges | Rs. 600 for every Cheque/ Payment Instrument/ ECS Dishonour + GST |
| Cancellation charges | 2% of loan amount or Rs. 5750, whichever is higher + GST |
| Instrument swapping charges | Rs. 550 + GST |
| Foreclosure charges | No Foreclosure is allowed in first 6 months. 4.5% of the principal outstanding at the time of foreclosure + GST |
| Mandate Rejection Service Charge | Rs. 450 + GST (Charges will be levied if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by Customer’s Bank for any reasons whatsoever.) |
| Outstation Collection Charges | Rs. 100 + GST |
Tata Capital Personal Loan - Eligibility Criteria
- You should be an Indian citizen
- You should be in the age group of 21-60 years
- Your minimum monthly income should be Rs. 15,000
- You should have a minimum working experience of one year
- You should be in your current job from past six months
Tata Capital Personal Loan - Documents Required
- A copy of your photo identity proof (PAN / Passport / Driving License / Aadhaar Card)
- A copy of your last six months’ bank statements
- A copy of your last 3 months’ salary slips
- A copy of your address proof (Ration Card / Electricity Bill / Passport)
- A copy of your employment certificate stating one year of continuous employment
Tata Capital Education Loan
Students who are planning to study within India or abroad can apply for Tata Capital Education Loan to fund their education. The loan covers students’ tuition fees and living cost.
| Loan Amount | Rs. 75,000 Rs. 25 lakh |
| Loan Tenure | 12 to 72 months |
| Interest Rate | 11.25% onwards |
Tata Capital Education Loan - Eligibility Criteria
- You should be an Indian citizen
- You should be at least 16 years and your maximum age should be 26 years
- You have a good past academic record
- Your parents should have a stable income source
- You should either have a guarantor or show security
- Your co- applicant must have a good credit history
Tata Capital Education Loan - Documents Required
- Photo identity proof (copy of Passport/Voter ID, Driving License/Aadhaar Card of both the student and parent
- Attested copies of certificates and mark sheets (10thstandard onwards)
- Admission letter issued by the admitting School/College/Institute
- All essential documents issued by the admitting School/College/Institute, including prospectus, breakup of fees, etc.
- A copy of bank statements for the past 6 months as income proof
- Salary slips for the last 3 months & ITR of Parent/Guarantor
- If studying abroad, submit a copy of entry permit, admission letter & I-20 form from foreign institution
- If immovable property is offered as security, then a copy of property documents
- If employed, a copy of your resignation letter, acceptance of resignation letter or sanction letter for study leave
Tata Capital Home Renovation Loan
Remodel or renovate your home without any money constraints with Tata Capital Home Renovation Loan.
| Loan Amount | Rs. 75,000 – Rs. 25 lakh |
| Loan Tenure | 12-72 months |
| Interest Rate | Starting at 9.60% |
Tata Capital Home Renovation Loan - Eligibility Criteria
- You should be a citizen of India
- You should be in the age group of 22 to 58 years
- You must have a minimum of one year work experience
- Your minimum monthly salary should be Rs. 20,000
- You should be in your current job for six months
Tata Capital Home Renovation Loan - Documents Required
- A copy of your photo identity proof (PAN / Passport / Driving License / Aadhaar Card)
- A copy of your last six months’ bank statements
- A copy of your last 3 months’ salary slips
- A copy of your address proof (Ration Card / Electricity Bill / Passport)
- A copy of your employment certificate stating one year of continuous employment
Tata Capital Wedding Loan
Make your dream wedding possible with Tata Capital Wedding Loan. Whether you want to lock that perfect venue to book a high-end wedding photographer or book your favourite caterer or buy the dress from your favourite designer, Tata Capital Wedding Loan helps you pay for anything related to your wedding.
| Loan Amount | Rs. 75,000 – Rs. 25 lakh |
| Loan Tenure | 12-72 months |
| Interest Rate | 11.25% onwards |
Tata Capital Wedding Loan - Eligibility Criteria
- You should be a citizen of India
- You should be in the age group of 21 to 58 years
- You must have a minimum of one year work experience
- Your minimum monthly salary should be Rs. 20,000
Tata Capital Wedding Loan - Documents Required
- A copy of your photo identity proof (PAN / Passport / Driving License / Aadhaar Card)
- A copy of your last six months’ bank statements
- A copy of your last 3 months’ salary slips
- A copy of your address proof (Ration Card / Electricity Bill / Passport)
- A copy of your employment certificate stating one year of continuous employment
Tata Capital Medical Loan
Medical emergencies can strike anyone anytime and having no funds at such a crucial time can be really stressful. Tata Capital Medical loan covers repayment options for all medical, dental and cosmetic procedures.
| Loan Amount | Rs. 75,000 – Rs. 25 lakh |
| Loan Tenure | 12-72 months |
| Interest Rate | 11.25% onwards |
Tata Capital Medical Loan - Eligibility Criteria
- You should be a citizen of India
- You should be in the age group of 22 to 58 years
- You must have a minimum of one year work experience
- Your minimum monthly salary should be Rs. 20,000
- You should be in your current job for six months
Tata Capital Home Renovation Loan - Documents Required
- A copy of your photo identity proof (PAN / Passport / Driving License / Aadhaar Card)
- A copy of your last six months’ bank statements
- A copy of your last 3 months’ salary slips
- A copy of your address proof (Ration Card / Electricity Bill / Passport)
- A copy of your employment certificate stating one year of continuous employment
Tata Capital Personal Loan - EMI Calculator
Calculating EMI before applying for personal loan helps you in making sure that the loan EMIs do not disturb 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, we, at Paisabazaar.com, offer you a Personal Loan EMI calculator. This online tool helps you find an EMI (Equated Monthly Instalments) as per your eligibility just by filling the following information:
- Loan amount
- Tenure
- Interest rate
Compare Tata Capital Personal Loan VS Other Lenders
| Particulars | Tata Capital | HDFC Bank | Citi Bank | Axis Bank | ICICI Bank | Bajaj Finserv |
| Interest Rate | Starting from 11.25% | 11.25% to 21.50% | Starting from 10.99% | 15.75% to 24% | 11.50% to 19.25% | Starting from 12.99% |
| Tenure | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months |
| Loan amount | Upto Rs. 25 lakh | Upto Rs. 40 lakh | Upto Rs. 30 lakh | Rs. 50,000 to Rs. 15 lakh | Upto Rs. 20 lakh | Upto Rs. 25 lakh |
| Processing Fee | Upto 2.5% of the loan amount plus GST | Upto 2.50% of the loan amount | Upto 3% of the loan amount | 2% of loan amount plus GST | Upto 2.25% of loan amount plus GST | Up to 3.99% of the loan amount |
| Apply Now | Apply Now | Apply Now | Apply Now | Apply Now | Apply Now |
Tata Capital - Customer Care
- You can call on 1806-209-6060 (between 9AM to 8 PM; Monday to Saturday)
- You can send an email on contactus@tatacapital.com or customercare@tatacapital.com (For existing Customers)
- You can visit the nearest branch
- You can write a letter to Tata Capital at 11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013
FAQs
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 other major cities like Delhi, Noida, Pune, Chennai, Bangalore, Vizag, etc.
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).
Can I transfer my existing personal loan to Tata Capital?
Yes, you can get your existing personal loan transferred to Tata Capital.
How much time will it take for a personal loan to get disbursed?
Once the verification process is completed, Tata Capital usually takes 72 hours to disburse your loan amount.
