Tata Capital Personal Loan: Interest Rates, Eligibility, How to Apply

Tata Capital Se Personal Loan Kaise Le: The maximum personal loan that can be availed from Tata Capital is Rs 35 lakh. Tata Capital offers loans at attractive interest rates without any guarantors.

Features of Tata Capital Personal Loan

Loan can be availed for any purpose: You can use Tata Capital Personal Loan for any purpose, including home renovation, travel, purchase of gadgets, for your children’s education, wedding, business, medical expenses To cover, even to pay off old loans or clear your credit card dues.

No guarantor required: If you are found eligible, no guarantor or pledge is required to avail Tata Capital Personal Loan.

Minimum paperwork: Tata Capital’s personal loan requires minimal paperwork as compared to other types of loans like auto loans or home loans.

Minimum and Maximum Loan Amount: Loan amount that can be availed ranges from Rs.75,000 to Rs.35,00,000.

Flexible EMI payment options: You can choose to make repayment tenures of 12 to 72 months. You can repay the loan in easy installments. Many can also choose to repay through post-dated checks or ECS.

Interest Rate: The interest rate of Tata Capital Personal Loan starts from 10.99% p.a., which largely depends on your credit score and credit history.

Eligibility Criteria for Tata Capital Personal Loan

for salaried

  • Minimum age 21 years and maximum age 58 years
  • Minimum Monthly Salary Rs.20,000

Documents Required for Tata Capital Personal Loan

  • Valid Identity Proof – Passport, Driving License, Voter ID Card, Aadhar Card, PAN Card (Any Document)
  • Valid Address Proof – Passport, Driving License, Ration Card, Gas Bill, Electricity Bill (any one document)
  • Income Proof – Bank statement of last 6 months
  • Salary slip of last 3 months
  • Employment continuity document (at least for 2 years)

Tata Capital Personal Loan Charges

The typical charges associated with Tata Capital Personal Loan are as follows:-

Processing Fee: Tata Capital charges you 2.75% of the loan amount + GST. You will be charged a non-refundable processing fee when you apply for a personal loan.

Part Prepayment Charges: Part prepayment of your loan is allowed. If you want to pay back your loan after 180 days from the date of availing it, then no charges will be levied with it. However, keep in mind that you will be allowed to pay only up to 25% of your outstanding principal amount if you wish to make the payment before 180 days. If you choose to pay more than this, you will be charged a prepayment fee of 2%.

EMI Late Fee: If you fail to pay your monthly EMI, a fee of 2% is levied for every outstanding month.

Other miscellaneous charges include:-

Post-dated check (PDC) charge – Rs 850

Check bounce charge – Rs 450

Cancellation Fee – 2% of the loan amount or Rs 5,750, whichever is higher

Foreclosure Charges – 4.5% of the principal outstanding at the time of foreclosure + Tax

What is the maximum loan amount we can get with Tata Capital Personal Loan?

You can get a loan up to a maximum of 35 lakhs depending on your eligibility, income, credit score and repayment capacity.

What is the tenure range of Tata Capital Personal Loan?

You can choose to repay the loan amount in a tenor ranging from 12 months to 72 months.

How long does it take for Tata Capital Personal Loan to get approved?

Generally, it takes 72 hours for your loan to be approved from the time you submit your documents.

How can I repay the Tata Capital Personal Loan?

There are two ways for you to make the payment:-

  • You can repay through ECS (Electronic Clearance System), where EMI (Equated Monthly Installment) is deducted from the enrolled bank account.
  • Payment can be made through post dated cheque.

How to Apply for Tata Capital Personal Loan?

You can apply for Tata Capital Personal online by logging into their website and submitting your basic information (your name, your company and salary details). The four-step process involves checking eligibility, viewing the offers you qualify for, completing the application, and uploading documents. A Tata Capital representative will contact you regarding your application.

Apply tata capital personal loan – https://www.tatacapital.com/online/loans/personal-loans/apply-now-personal-loan#!

How to track your Tata Capital Personal Loan application?

You can also track the status of your application online by entering your mobile number or your loan application number. You will also need to enter your date of birth in the track application portal on their website.

If found eligible, you may also be asked to upload the following documents to process your loan application:-

  • Photo Identity Proof (PAN Card, Driving License)
  • Address Proof (Electricity Bill, Passport)
  • Latest salary details as proof of income, and
  • bank details

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