Personal Loan by Tata Capital
Features and Benefits of Tata Capital Personal Loan
- Fast Loan Disbursal
- Competitive Interest Rates
- Zero Prepayment Charges
Tata Capital Personal Loan Details
| Interest Rate (Monthly reducing balance) | 10.99% p.a. onwards |
| Processing Fees | Nil |
| Pre Closure Charges | Pre-closure permitted after 12 months. 0% of principal outstanding (plus ST) |
| Loan Tenure | 12 months to 72 months |
| Guarantor Requirement | No guarantor required |
Tata Capital Personal Loan Fees and Charges
| Loan processing charges | Up to 2.5% of the loan amount +GST |
| Prepayment | No part prepayment allowed in the first 6 monthsPrepayment allowed only once in a yearThere has to be a gap of minimum of 6 months between two part payments |
| Pre-payment charges | Prepayment charge is 2.5% + GST on amount over and above 25% of outstanding principlePart payment amount is up to 25% of the outstanding principle |
| Penal interest | 3% on overdue amount + 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.5,750 whichever is higher |
| Instrument Swapping Charges | Rs.550 + GST |
| Foreclosure Charges | No foreclosure charges in the first 6 months4.5% of the outstanding principle at the time of foreclosure + GST |
| Foreclosure Charges for Top Up | 2.5% on the future outstanding principle of the existing loan + GST |
| Foreclosure Charges in CCOD Cases | No foreclosure charges in the first 6 months4.5% on the drop-down limit amount+ GST |
| Mandate Rejection Service Charge | Rs.450 + GST (Charges will be levied if the new mandate form is not registered within 30 days of the rejection of the previous mandate form) |
| CCOD Annual Maintenance Charges | 0.25% on the drop line amount + GST or Rs.1,000 whichever is higher |
| Outstation Collection Charges | Rs.100 + GST |
| Statement of Accounts | Soft copy: NilBranch walk-in: Rs.250 + GST |
| Duplicate Repayment Schedule | Soft copy: NilBranch walk-in: Rs.550 + GST |
| Duplicate NOC | Rs.550 + GST |
| Foreclosure Letter Charges | Soft copy: NilBranch walk-in: Rs.199 + GST |
Tata Capital Personal Loan Interest Rates
Tata Capital Personal Loan interest rates start from 10.99% p.a. onwards. While the NBFC has not disclosed the interest rate differentiation based on the credit score, just like other lenders, this NBFC may also consider the credit score of its personal loan applicants while setting their personal loan interest rates.
| Customer Profile | Rate of Interest (p.a.) |
| Salaried | 10.99% onwards |
| Self-employed | 10.99% onwards |
| Personal Loan Overdraft | 13.55% |
What is a Personal Loan?
Personal Loan EMI or Equal Monthly Instalment is the amount that you need to pay every month for repaying your principal loan amount at the applicable rate of interest over the chosen loan tenure. It is the sum of the principal component and interest component.
Besides, we offer a flexible personal loantenure of up to 6 years, making your loan repayment much more affordable on your pocket. Get ready to experience a hassle-free loan process like never before – enjoy fast loan processing and customised instant personal loan offerings depending on your diverse financial needs.
The 3 How’s of deciding the right EMI
- How soon do you want to pay off the Personal Loan?
- How much can you afford to pay in a month?
- How much of an interest rate are you comfortable with?
Documents Required for Tata Capital Personal Loan
- Signed application form with photograph
- Copy of passport/ voter ID Card/ Driving License
- Processing fee cheque
- Last 3 months bank statement/6 months bank passbook
Documentation for salaried applicants:
- Latest salary slip
- Current dated salary certificate with the latest Form 16
Documentation for self-employed applicants:
- Latest Bank statement
- Latest ITR or Form 16
Types of Tata Capital Personal Loan
Personal Loan Overdraft
- Purpose: Personal Loan Overdraft facility offers flexibility to withdraw funds and make part-payments as per the borrower’s needs and financial position without incurring any extra charges. Interest is charged only on the amount used but unpaid.
- Loan Amount: Rs 2 lakh- 35 lakh
- Tenure: Up to 7 years
- Processing Charges: Up to 3% of the loan amount + GST
Wedding Loan
- Purpose: Wedding loan is offered for financing wedding-related expenses
- Loan Amount: Rs 75,000- 35 lakh
- Tenure: 1-6 years
- Processing Charges: Up to 2.75% of the loan amount + GST
Medical Loan
- 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 75,000- 35 lakh
- Tenure: 1-6 years
- Processing Charges: Up to 2.75% of the loan amount + GST
Personal Loan for Education
- Purpose: Personal loan for education finances the tuition fees and living cost of the students planning to study further in India or abroad. This loan facility is feasible for those who are unable to avail regular personal loan.
- Loan Amount: Rs 75,000- 35 lakh
- Tenure: 1-6 years
- Processing Charges: Up to 2.75% of the loan amount + GST
Travel Loan
- Purpose: Personalloans to fund vacation or various travel-related expenses of the applicant including transportation costs, hotel expenses, tour packages, and/or any other expenses associated with the travel
- Loan Amount: Rs 75,000- Rs. 35 lakh
- Tenure: 1-6 years
- Processing Charges: Up to 2.75% of the loan amount + GST
Home Renovation Loan
- Purpose: This loan facility helps the borrowers with funds for home renovation ranging from extensive interior upgrades to basic maintenance and repair needs
- Loan Amount: Rs 75,000- Rs. 35 lakh
- Tenure: 1-6 years
- Processing Charges: Up to 2.75% of the loan amount + GST
Personal Loan for Government Employees
- Purpose: Individuals employed in government sectors can avail personal loan for government employees to meet their personal financial needs.
- Loan Amount: Up to Rs 35 lakh
- Tenure: 1-6 years
- Processing Charges: Up to 2.75% of the loan amount + GST
- Part prepayment Charges: NIL
Personal Loan for Salaried Employees
- Purpose: Tata Capital offers personal loan for salaried to meet the personal financial needs of salaried individuals
- Loan Amount: Rs 75,000- Rs. 35 lakh
- Tenure: Up to 6 years (personal loan overdraft facility available)
- Part prepayment Charges: NIL (allowed after 6 months of loan disbursal date)