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  • TATA Capital Loan Against Securities is Rated as "Great!" by 3232 Users

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    TATA Capital Loan Against Securities

    Mostly, investments in shares and mutual funds are useful keeping a long-term goal in mind and instant liquidity options are few and far between. TATA Capital provides a specialised loan that aims to change that norm. This loan from TATA Capital allows individuals and non-individuals to utilise the financial support of their investments without having to cancel out the investments or liquidating them. These loans can help out in business or personal financial needs.

    What is the usage of TATA Capital Loan against Securities?

    This loan is provided to individuals or non-individuals for any purpose that is not explicitly speculative. Banking on the power of the investments made by the applicant, this loan is a powerful aid in financial terms.

    Who is eligible for TATA Capital Loan against Securities?

    An unsecured business loan as this has a few eligibility criteria to be met in order for the financial institution to be able to sanction the loan. The eligibility requirements can be mentioned as follows –

    1. Applicants can be individuals, professionals, sole proprietorships, partnership firms and private limited companies (including closely-held public limited companies)
    2. Applicants should be at least 18 years of age when the loan is sanctioned and at most 65 years of age at the time of loan maturity. In case of non-individuals, the business existence should be for at least 2 years

    What are the types of Financing under TATA Capital Loan against Securities?

    Loan against Securities from TATA Capital is a specific term loan with optional overdraft facility.

    What are the loan limits under TATA Capital Loan against Securities?

    Based on the credit-worthiness of the applicant, validity of documents and the market value or NAV of the pledged securities, TATA Capital can provide loans within a wide range of INR 5 lakhs and INR 10 crores. A maximum of INR 7.5 crores can be availed as a loan against share or mutual funds. Against debt instruments and bonds, a maximum loan of INR 10 crores can be availed. Up to 50% of the market value of Scrips and Mutual Funds and 70% of the Net Asset Value of Mutual Funds can be considered loan-worthy.

    What are the interest rates?

    Interest rates for a Loan against Securities could depend on the base lending rate and is based on the discretion of TATA Capital. Further changes to the rates could be done by TATA Capital as and when required.

    What documentation is required during applying for Tata Loan against Securities?

    The standard list of required documents for applying for this loan are mentioned as follows –

    1. Photographs of each individual applicant and co-applicant, directors and promoters, in case of a company & Trusts, partners in case of a partnership firm or authorized person as applicable in case of societies
    2. IT Returns, Audited Profit and Loss Account statement and Balance Sheet for the last 2 years, six months bank statement of the primary current account, business proof, latest year provisional, sundry creditors and debtors list
    3. Certified true copies of bank account statements for the last 6 months.
    4. Know Your Customer (KYC) documents for the co-applicant.
    5. Partnership deed, Memorandum of Association (MOA) and Articles of Association (AOA) or
    6. License issued under the Shops and Establishments Act of the respective states for business proof.

    The above set of documents comprise the minimum required list. To aid in credit approval, TATA Capital might ask for extra documents if necessary.

    What are the features of TATA Capital Loan against Securities?

    The Loan against Securities from TATA Capital is a good financing option for urgent financial needs on business or personal grounds.

    Some key features of this specialised loan are as follows –

    1. Loan tenure or repayment period is annual and renewable per year
    2. Minimal documentation and faster approval
    3. No security or collateral required (pledged shares act as security)
    4. High loan amounts up to INR 10 crores

    How to apply for TATA Capital Loan against Securities?

    The loan can be applied for through TATA Capital’s website, as well as forms can be downloaded, filled and submitted along with relevant documents at a local branch. Additionally, one could call or mail TATA Capital requesting an executive assistance for application process.

    TATA Capital Loan Against Securities Reviews

    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my personal loan with TATA CAPITAL recently, the loan amount whatever i have expected they have given me it is sufficient and the rate of interest they have charged me is up to 11.2% which is nominal and they have not charged any processing fee and there was 1 day delay in getting my loan issue but it was okay.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 14, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my personal loan with TATA CAPITAL recently, the loan amount whatever i have expected they have given me it is sufficient and the rate of interest they have charged me is up to 11.25% which is nominal and the processing fee they have charged me was nominal but i have face issue in documentation part like i had already uploaded my document in on line portal again they are asking me bunch of documents in hard copy that was kind off annoying apart from that there service is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have been using my personal loan with TATA CAPITAL recently, the loan amount whatever i have expected they have given me it is sufficient and the rate of interest they have charged me is up to 10% which is nominal and they have not charged any processing fee, overall service they have given me till now was good.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Nov 14, 2018
    • Tata capital Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      I had chosen to go with them purely because of the interest rate with them and since there has not been any processing fee with them. The loan amount has been fine but, after the disbursal of the initial amount to make the balance transfer it has been delayed and which has been a hassle in making the follow ups as well and there has been a series of issues which has made of the delay.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 14, 2018
    • Tata capital Personal Loan
      "Need to be Quick"
      0.5 3.0/5 "Satisfactory"
      Tata capital needs to be quick when anyone come with a personal loan requirement. I remember i had gone to the bank for applying a personal loan, as my friend was in need of money. I Submitted my documents but they had put my application on hold , after repetition of my request they processed my application but it took quite a time. Instead of dragging ,bank can be quick in their response.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2018
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this loan has been smooth and easy and the loan amount which they had provided has been satisfactory as well. The interest rate with them has been good comparatively and there has not been any sort of hidden charges which has been made by them.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2018
    • Tata capital Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had chosen to go with them since they where offering the lowest interest rate comparing the market rate. The process in getting this loan has been smooth and easy, the loan amount which they had provided has been satisfactory and the processing fee has been nominal as well.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 14, 2018
    • Tata capital Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      It was a good experience i had however the time duration which has taken to disburse the loan amount has taken almost two weeks which could have avoided. The loan amount which they had provided has been satisfactory and the interest rate with them has been nominal as well. There has not been any sort of additional charges which they had made so far.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2018
    • Tata capital Personal Loan
      "Good services from TATA CAPITAL"
      0.5 4.5/5 "Excellent!"
      Due to less interest rates i have chosen the TATA Capital for my personal loan. I have applied the loan amount of Rs. 3 lakhs and they have provided the same to me. I'm happy about the interest rate they have given to me. There is no charges for processing fee. There is a option for pre-closure and partial payments. There is no extra charges for pre-closure. I don't have any problem with TATA CAPITAL so far.
      Was this review helpful? 0
      , thane
      Reviewed on Nov 13, 2018
    • Tata capital Personal Loan
      "Quick and timely resolution"
      0.5 4.0/5 "Great!"
      The interest rates were quite competitive. I have selected the TATA CAPITAL because of the terms were so comfortable as I'm compared to others. I have chosen the tenure period of 4 years. They have offered me a interest of 11% and I'm okay with it and the processing fee was nil. Still i have not received the documents of personal loan.
      Was this review helpful? 0
      , thane
      Reviewed on Nov 13, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      The online services are not well with Tata Capital Limited. The rate of interest is good as compared to others. The processing fee was null. The customer service is good and I got a proper response. I tried to check the application status on online site but it was not given. They have taken longer duration to complete the loan process. They need to provide a re-payment option online, which I have to go to office to complete the loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 13, 2018
    • Tata capital Personal Loan
      "It should be quick"
      0.5 5.0/5 "Blown Away!"
      It was good and I got the good interest rate of 10.3% where the market price is 10.99%. The processing fee was zero in TATA CAPITAL. The documentation process was very lengthy which am not satisfied. They took minimum 7 to 8 days to complete the formalities and after 2 days, I got the loan amount.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 13, 2018
    • Tata capital Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      They are good in customer service. I am happy with the interest rate. The loan process was immediate and I got the amount within 2 days. I have submitted the documents online. The loan duration is 2 years but I can do part payment and preclosure after one year with some charges.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 13, 2018
    • Tata capital Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      I have applied a personal loan from Tata Capital. Compared to my past experience the loan process was faster. I have submitted the documents online and executive came to get attestion. I opt the loan for 2 years. I am paying Rs.16,235 through ECS. I can do part payment and pre closure after a 6 months.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 13, 2018
    • Tata capital Personal Loan
      "Better and Good services"
      0.5 5.0/5 "Blown Away!"
      Got my loan on time and i have applied the loan amount of Rs. 1.30 lakhs and got the same. I have chosen the tenure period of 1 year. They have provided the interested me 10.99% and the processing fee got waived off. My documentation process was smooth.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 13, 2018
    • Tata capital Personal Loan
      "Excellent but except insurance"
      0.5 5.0/5 "Blown Away!"
      I am happy with the service which was provided by Tata Capital. The rate of interest was reasonable but they have deducted some amount for insurance which was not mandatory and also I spoke to the customer support. They said I have to take that insurance along with the personal loan.
      Was this review helpful? 1
      , secunderabad
      Reviewed on Nov 13, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      The rate of interest was moderate and I have no issues. The process was immediate and loan was disbursed within 5 days. I have uploaded the documents online and attestion was done through executive. The loan period is 5 years and have to pay around 5200 rupees through ECS . First due starts from December. I can do pre closure after a year.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 13, 2018
    • Tata capital Personal Loan
      "Very Good Service"
      0.5 4.5/5 "Excellent!"
      I had taken this loan almost one and a half years back and the process has been good in getting the loan. The loan amount which they had provided has been satisfactory and the interest rate with them has been nominal. There has not been any extra charges which has been made by them on the process.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 13, 2018
    • Tata capital Personal Loan
      "Very Good Service"
      0.5 4.5/5 "Excellent!"
      I had chosen to go with them since the interest rate with them has minimum and it was low when compared with the market rate as well as there has been some facilities with them. The loan amount which they had provided has been sufficient and there has not been any processing fee has been nominal.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 13, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I am satisfied with the interest rate for the personal loan. There is no processing charges. They have took around one week to process the loan. It was a paperless approval. I opt the loan for 3 years and I can do part payment and pre closure after a year with some charges. The premium is 4,925 rupees and paid through ECS.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 13, 2018
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