TATA Capital Personal Loan

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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 Personal Loan Details

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 Information

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

TATA Capital Personal Loan Eligibility Criteria

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 Personal Loan Strengths/Advantages

  • Zero prepayment charges.
  • Enhanced loan tenure.
  • Over-draft facility.

TATA Capital Personal Loan Weaknesses/Disadvantages

  • High processing fee of 2.75% of the loan amount.
  • High penal interest of 3% on Overdue amount per month.

Request call back from TATA Capital Personal Loan

TATA Capital Personal Loan Products & Services

TATA Capital offers the following products and services under personal loan head:

  • Personal Loan

  • 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

  • Wedding loan enables you to pay anything related to your big day. Wedding loan from Tata Capital can be up to Rs 25 Lakh.

  • Travel Loan

  • 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.

  • Education Loan

  • 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.

  • Medical Loan

  • 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%.

  • Top-up Loan

  • 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 Feature

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

TATA Capital Personal Loan Charges

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

TATA Capital Personal Loan Customer Care Details

  • Customer Support Email - [email protected]
  • Customer Support Toll Free No - 1860 267 6060 (Monday to Friday between 9 AM to 8 PM)
  • Customer Support Chat Facility - Yes
  • Customer Support Whatsapp Number - NA

TATA Capital Personal Loan Calculator and Download Links

TATA Capital Personal Loan Application Process Details

    For new customers:

    • Head to the official link from your web browser link or signup into your TATA Capital mobile application > Personal Loan > Apply Online
    • Fill your mobile number & DOB or PAN Card details to register with TATA Capital and you will get an OTP.
    • After logging in to the account with OTP, enter the desired loan amount.
    • You have to upload the required documents, such as PAN Card and address proof.
    • As you get loan approval, the funds will be disbursed to your account.

TATA Capital Personal Loan Documents Requirements

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

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Last Updated on 2021-01-06T11:51:00+00:00

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