Tata Capital Personal Loan

Tata capital has tied-hands with Paisabazaar to offer personal loans. So, if you are looking for quick funds, you can apply for personal loan via Paisabazaar by following the below mentioned simple steps:

Step 1: Go to its Personal Loan section and enter your valid mobile number

Step 2: Verify with the received OTP for secure access

Step 3: Enter the required basic personal details

Step 4: Compare from personal loan offers

Step 5: Choose and apply after reviewing the terms, interest rates and related details.

Tata Capital offers convenient options to repay your EMIs with the help of their Standard EMI Plan.

Personal Loan EMI Repayment Option

Standard EMI Plan: EMI amount remains the same throughout the tenure.

This plan is best available option for individuals with regular income, as it permits you to pay the principal amount along with the interest consistently for your defined tenure.

Convenient EMI Payment Methods offered by Banks/NBFCs

Auto Debit Facility: You can avail this service by filling a form and enabling the lender to activate the bank mandate. After the activation, your account will be debited every month towards your EMI payment.

Online Payment Portal: Borrowers can access the Tata Capital Payment gateway to pay your personal loan EMIs via UPI, net banking or debit card.

Post Dated Cheque (PDC) Facility: You can submit PDCs for the loan tenure, which will be presented on the EMI due dates.

Below listed are the different types of personal loans available from Tata Capital:

Personal Loan Hybrid Term Loan

• Purpose: Tata Capital Personal Loan Hybrid Term Loan facility allows only salaried individuals the flexibility to withdraw funds from the sanctioned limit and make repayments as per their requirements. The interest component is charged only on the amount withdrawn. The borrower can withdraw and repay the loan amount multiple times within the sanctioned limit.
• Interest Rate: 14.50% p.a. onwards
• Loan Amount: Up to Rs. 35 lakh
• Repayment Tenure: Up to 84 months
• Tenure: Up to 7 years
• Minimum Credit Score: 725 or above
• Moratorium: For 60-72 months tenure is 1 year and for 84 months is fixed at 2 years

Personal Loan for Marriage

• Purpose: Consumers can avail Marriage Loans from Tata Capital to finance their wedding-related expenses.
• Loan Amount: Rs 40,000- 35 lakh
• Tenure: 1 year to 6 years

Personal Loan for Medical Purposes

• Purpose: Prospective personal loan applicants can avail Medical Loan for meeting the expenses for medical emergencies and for cosmetic, dental and other medical procedures.
• Loan Amount: Rs 40,000- 35 lakh
• Tenure: 1-6 years

Personal Loan for Travel

• Purpose: Applicants can avail Tata Capital Personal Loan for Travel to finance their travel related expenses including transportation costs, hotel expenses, tour packages and/or any other expenses associated with the travel.
• Loan Amount: Rs 40,000- Rs 35 lakh
• Tenure: 1-6 years

Personal Loan for Home Renovation 

• Purpose: Tata Capital offers Personal Loan for Home Renovation to finance the renovation of the homes ranging from extensive interior upgrades to basic maintenance and repair needs.
• Loan Amount: Rs 40,000- Rs 35 lakh
• Tenure: 1-6 years

Additional Personal Loan Schemes from Tata Capital

Personal Loan for Government Employees

• Purpose: Individuals employed in government sectors can avail Personal Loan for Government Employees from Tata Capital to meet their personal financial needs.
• Loan Amount: Up to Rs 35 lakh
• Tenure: 1-6 years
• Minimum Monthly Salary: Rs. 20,000 plus 1 year of work experience

Personal Loan for Salaried Employees

• Purpose: Tata Capital offers Personal Loan for Salaried Employees to meet the personal financial needs of salaried individuals
• Loan Amount: Up to Rs 35 lakh
• Tenure: Up to 6 years
• Minimum Monthly Salary: Rs. 15,000

Personal Loan for Women

• Purpose: Personal Loan for Women from Tata Capital allows working women as well as home makers to raise finance to meet their diverse financial needs.
• Loan Amount: Rs 40,000-Rs 35 lakh
• Tenure: Up to 6 years

Small Personal Loan

• Purpose: Tata Capital offers small personal loans to salaried individuals to meet short-term requirements such as trip expenses, health bills, expensive gadgets, etc.
• Loan Amount: Rs 40,000-Rs 1.5 lakh
• Tenure: 18 months to 3 years
• Processing Fee: 2% of the loan amount
• Minimum salary required: Rs. 15,000 per month

Personal Loan Balance Transfer

• Purpose: Tata Capital offers personal loan balance transfer facility to those existing personal loan borrowers of other banks and NBFCs who want to transfer their existing personal loan at lower interest rates.
• Tenure: Up to 7 years
• Minimum monthly salary: Rs. 20,000

Note: Except for the Tata Capital Personal Loan Hybrid Term Loan, all other personal loans are offered at an interest rate starting from 11.99% p.a.

Applicant’s personal loan eligibility criteria depends on various factors, including income, age, nature of employment, credit score, professional experience, employer’s profile, etc. Find below the basic eligibility criteria set by Tata Capital.

• Age: 21 – 58 years
• Minimum monthly income: Rs. 15,000
• Work experience: Minimum 1 year
• Credit Score: Minimum 725 or above

Find below the documents required to apply for Tata Capital Personal loan:

• Photo Identity/Address proofs: A copy of your aadhaar card, passport, Voter ID, or Driving License
• Income Proof: Last 2 months’ salary slips, last 3 months’ bank statement
• Employment certificate: A certificate confirming at least one year of continuous employment

Follow the below steps to enhance the chances of loan approval:

• Maintain a high credit score (750+)
• Pay off all your existing EMIs and credit card dues
• Ensure stable income and employment
• Avoid multiple loan applications simultaneously
• Provide complete and accurate documents
• Maintain healthy relationship with the lender