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Tata Capital is a non-banking financial company (NBFC) which offers loans and other financial services. Tata Capital Personal Loan offers loans for financial requirements such as marriage, education, home renovation, travel, or even medical needs. The simple and flexible process of disbursal of loan by the company helps in getting quick access of money in need.
Tata Capital is a subsidiary of Tata Son Ltd which is one of the most diversified groups of India. It is registered as a systematically important non-deposit accepting NBFC with the Reserve Bank of India. The company provides various operations across commercial finance, consumer loans, distribution, and wealth management. It offers personal loans for every occasion including weddings, higher studies, travel or any other purpose without asking for any collateral. An individual can avail the loan for a period of 72 months for the amount up to Rs 25 Lakhs with interest rate starting @10.99% p.a.
Tata Capital multipurpose personal loan helps in any unexpected event or to finance any major life event. Let&rsquo's know if it is good to choose Tata Capital over other companies for a personal loan or not.
TATA Capital Personal Loan provides easy loan within 2 days (48 hours) with interest 10.99% p.a. onwards. Below table gives the complete details of Personal Loan.
| TATA Capital Personal Loan | Details |
|---|---|
| Loan Category: | Personal Loan |
| Loans Offering: | Personal Loan, Marriage Loan, Travel Loan, Medical Loan, Home Renovation Loan, Education Loan |
| Loan Type: | Unsecured personal loan |
| Interest Rate: | 10.99% p.a. onwards |
| Processing Fee: | Upto 2.75% of the loan amount + GST |
| Approval Process: | Both online and offline |
| Minimum Income Requirement: | ₹15,000 |
| Loan Approval Timing: | 2 days (48 hours) |
| Minimum Loan Amount: | ₹75,000 |
| Maximum Loan Amount: | ₹25 Lakh |
| Minimum Loan Period: | 12 months/ 1 year |
| Maximum Loan Period: | 72 months/ 6 years |
| Type of Interest Rate: | Fixed Interest Rate |
| Interest Charging Method: | Reducing balance method |
There are eligibility criteria set by TATA Capital for their personal loan:
| TATA Capital Personal Loan | Details |
|---|---|
| Salaried Employees | Yes |
| Salaried Doctors | Yes |
| Employees of public and private limited companies | Yes |
| Government sector employees including Public Sector Undertakings, Central and Local bodies | Yes |
| Loan for Pensioners | No |
| Loan for Existing Customers | Yes |
| Self-Employed | Yes |
| Selected Corporate | No |
| Other Criteria | The applicant must have at least one year of work experience and need employment certificate stating 1 year of continuous employment |
| Minimum Age | 22 Years |
| Maximum Age | 58 years at the maturity of loan |
| Minimum Income Requirement | ₹15,000 |
TATA Capital offers the following products and services under personal loan head:
Tata Capital provides personal loan for a variety of reasons with interest rates starting at 10.99% and tenure up to 72 months. The loan is available for self-employed as well as salaried employees. Applicants can get the loan up to Rs 25 Lakhs depending on their income through a simple and flexible process.
Wedding loan enables you to pay anything related to your big day. Wedding loan from Tata Capital can be up to Rs 25 Lakh.
Travelling is no more dream come true as you can take the roads anytime by taking travel loan from Tata Capital. You can head off to the next adventure as TATA Capital Travel Loan covers all the expenses related to travel, such as airfares or any kind of transportation, hotel fares, tour packages, travel accessories, or any type of expenses associated with travel.
Thinking of further studies in India or abroad, then TATA Capital Education Loan helps students pay their tuition fees and living cost when they are looking to take the next steps in their education. The quick approval, minimal documentation and low-interest rates help to take the next step for education.
Tata Capital Medical Loan helps in availing the best medical treatment for your loved ones or yourself without worrying about the medical bills. One can avail loan up to Rs 25 Lakh for the period of up to 72 months at an interest rate of 10.99%.
TATA Capital offers top-up loan on personal loan if you have a regular repayment track record on existing personal loan. Top-up loans are available at the same interest rates as that on your existing personal loan. This will help to finance your dreams and achieving them faster.
TATA Capital Personal Loan offer various services, please find below the list of features offered by the vendor.
| TATA Capital Personal Loan | Details |
|---|---|
| Personal Loan | Yes |
| Wedding Loan | Yes |
| Education Loan | Yes |
| Home Renovation Loan | Yes |
| Two Wheeler Loan | No |
| New Car Loan | No |
| Used Car Loan | No |
| Travel Loan | Yes |
| Medical Loan | Yes |
| Top Up Loan | Yes |
Here is the detail charge list for TATA Capital Personal Loan process. We have covered all possible charges for your loan requirements for clear visibility on TATA Capital Personal Loan processing.
| TATA Capital Personal Loan | Details |
|---|---|
| Co-Applicant Allow | No |
| Income Criteria | Yes |
| Collateral Requirement | No |
| Pre Approved Credit Limit | NA |
| Foreclouser Charges | 4.5% of the Principal outstanding at the time of foreclosure + GST + Part pre-payment amount |
| Loan Foreclouser Conditions | No foreclosure allowed for the first 6 months (Lock-in period). |
| Bounce Charges | Rs. 600 for every cheque/Payment Instrument Dishonour + GST |
| Bounce Charges Self Employed | Rs. 600 for every cheque/Payment Instrument Dishonour + GST |
| Late Payment Penalty | 3% on Overdue amount per month + GST |
| Duplicate NOC Charges | Rs. 550 + GST |
| Stamp Duty Charges | As per laws |
| Instrument Swapping Charges | Rs. 550 + GST |
| Loan Cancellation Charges | 2% of loan amount or Rs. 5,750, whichever is higher + GST |
| Stamp Duty Charges | As per laws |
| Loan Rebooking Charges | NA |
| Statement Of Account Charges | Soft Copy - Nil. Branch Walk-in: Rs. 250 + GST |
| Duplicate Repayment Schedule | Soft Copy - Nil Branch Walk-In - Rs. 550 + GST |
| EMI Payment Mode | Standing Instruction (SI), Electronic Clearing Service, Post-dated cheque |
| Overdue Payment Mode | NA |
| Hidden Charges | NA |
In this section we have listed all important links related to TATA Capital Personal Loan.
| TATA Capital Personal Loan | Details |
|---|---|
| Banks | NA |
| Charges Information | Link |
| Personal Loan Eligibility Calculator Link | NA |
| Personal Loan EMI Calculator Link | Personal Loan EMI Calculator Link |
| Education Loan EMI Calculator Link | Education Loan EMI Calculator Link |
| Car Loan EMI Calculator Link | NA |
| Product Demo Link | NA |
| Website Link | Website Link |
| Android App Downlaod Link | Android Mobile App Download |
| iOS App Downlaod Link | iOS Mobile App Downlaod |
For new customers:
Please find below the list of documents required to avail personal loan. Aadhar, PAN and Income Proof are the most important documents, other documents are optional. The complete list of documents you can keep ready for your loan application.
| TATA Capital Personal Loan | Details |
|---|---|
| Age Proof | Copy of Passport/Driving License/Aadhar Card |
| Address Proof | Copy of Passport/Driving License/Aadhar Card/Voter ID/Ration Card |
| Identity Proof | Registered Rent Agreement/Utility Bills last 3 months/Copy of Passport/Copy of Ration card |
| Income Proof for Salaried Emp | Salary slip of last 3-6 months, ITR or Form 16, 6-month bank statement Employment certificate stating 1 year of continuous employment |
| Income Proof for Self Emp | IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years |
Last Updated on 2021-01-06T11:51:00+00:00
