Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • TATA Capital Loan Against Securities is Rated as "Great!" by 2783 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.

    One can also apply for TATA Capital Loan against Securities through BankBazaar, wherein eligibility charts, EMI calculators and infographics can guide one through the application process.

    TATA Capital Loan Against Securities Reviews

    • Tata capital Personal Loan
      "Average service"
      0.5 1.0/5 "Really Bad"
      I have not get any response from tata capital for my personal loan service, I did not even receive a call from tata capital executives from the date I applied for my loan process. I am not much happy about the service that I received from tata capital for my personal loan service.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 22, 2017
    • Tata capital Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from Tata Capital, my loan application was closed becausei have taken the personal loan from other bank. Customer service was good and they responded on time, regular follow ups was also done. When it comes to rate of interest, it was high when compared to other banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 21, 2017
    • Tata capital Personal Loan
      "Better customer service"
      0.5 4.5/5 "Excellent!"
      I have applied for the personal loan from Tata Capital, my loan application was closed because i have taken the personal loan from other bank. Customer service from Tata Capital was good, they also responded on time and regular follow ups were done. The rate of interest was nominal when compared to other sources.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 21, 2017
    • Tata capital Personal Loan
      "Better service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from Tata Capital, my loan application was closed because i have taken loan from other source. When it comes to customer service, it was good and they responded on time, timely follow ups was done. The rate of interest was way high when compared to other sources.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2017
    • Tata capital Personal Loan
      "Approchable bank"
      0.5 5.0/5 "Blown Away!"
      I have applied for personal loan with TATA CAPITAL LIMITED. I was out of station when i am suppose to submit the documents. The executives from the institution gave me regular follow ups. All those was on the perfect side. I can consider again.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2017
    • Tata capital Personal Loan
      "Needs to improve"
      0.5 1.0/5 "Really Bad"
      I have applied for the personal loan from TATA CAPITAL, my loan application was closed because there was no proper follow up done after the application was submitted. The customer service was no up to the mark, they did not come to collect documents and there was no proper response from them, The rate of interest was nominal when compared to others in the market.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 18, 2017
    • Tata capital Personal Loan
      "Need to improve service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with Tata Capital Limited. They collected the documents immediately and within 10 to 15 business days my personal loan got disbursed after my documents submission. They offered me the loan with 12.75% as rate of interest and there is no processing fees.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 18, 2017
    • Tata capital Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I applied for a personal loan with Tata Capital Limited. Tata Capital staffs collected the documents on the 2nd day after I applied for the loan and my personal loan got disbursed within 3 days after my documents collection part was over. They offered me the loan with 11.99% as rate of interest.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2017
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from Tata Capital, my loan application was closed because i was unable to provide proper documents. Customer service from Tata Capital was very good, they responded on time and also gave the correct information. The rate of interest was nominal when compared to other sources in the market.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 18, 2017
    • Tata capital Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      TATA CAPITAL personal loan service was very good compare to others in the market they provide me a interest rate of 11.89 which was good compare to others in the market also the customer service staffs are responsible and the documents part was easy with TATA CAPITAL ,I am very much happy with the service of TATA CAPITAL for my personal loan service.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2017
    • Tata capital Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was good experience with TATA CAPITAL for my personal loan service I feel the process was very slow with TATA CAPITAL the interest rate they quoted me was good but the processing fee and the other charges where low compare to others it was wonderful service from TATA CAPITAL for personal loan service.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 17, 2017
    • Tata capital Personal Loan
      "Worst service"
      0.5 1.0/5 "Really Bad"
      I am not satisfied with the service of TATA CAPITAL for my personal loan service there was no proper information where provided there is no communication between the customer and the executives the interest rate they offered me was fine and TATA CAPITAL offered me a loan amount of 1.25 lakhs .
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 17, 2017
    • Tata capital Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      It was a pretty good service from TATA CAPITAL for my personal loan service the customer service was awesome the process was very fast with TATA CAPITAL compare to other banks in the market they offered me interest rate of 12 % which was reasonable for me it was totally a wonderful experience with TATA CAPITAL for my personal loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 17, 2017
    • Tata capital Personal Loan
      "Smooth process but high rate of interest"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Tata Capital and the i feel that the rate of interest is a little too high for the amount taken compared to some other banks. The service however was good and i had no issues with them. On an overall it was a smooth process.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 17, 2017
    • Tata capital Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      It was good experience with Tata Capital. I got a call from the executive said I am eligible for 3.4L. The interest rate was nominal. I am paying premium of 11,700 rupees through ECS. The customer service and response was good. The part payment and pre closure option is not provided.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 17, 2017
    • Tata capital Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I had requested for a personal loan from Tata Capital.The loan amount is one lakh.Rate of interest is nominal as compared to other banks.The reason for choosing the bank is they have zero processing fees.The customer service was good to interact they gave me the complete details of the personal loan request.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2017
    • Tata capital Personal Loan
      "Good banking"
      0.5 4.0/5 "Great!"
      I have requested for a personal loan from TATA CAPITAL .The loan amount is five lakhs.Rate of interest is nominal as compared to other banks.I had closed the application am not interested to move on the request may be in future otherwise the bank service was good to approach.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 15, 2017
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The loan process is good with Tata Capital. They provided door service for documentation. I habe taken 6L as a personal loan for 48months. I pay around 15k through ECS. Rate of interest is good. After 6 months only I can do preclosure. The customer service was up to the mark.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 13, 2017
    • Tata capital Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      It was a good experience with TATA CAPITAL for my personal loan service the customer service was very good the rate of interest they offered me fine compared to others but I had some personal issues so I was unable to proceed with my loan process further.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 13, 2017
    • Tata capital Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from Tata Capital, my loan application was approved and the requested amount was issued. It was overall a good experience with Tata capital. The customer service was good, they provided door step service for the collection of documents. The process was very smooth and easy. The only issue i found is with the rate of interest, initially the rate of interest was 14.5% and later they changed it to 15%.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 11, 2017
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