Multiple banks. Different interest rates. Call it a "conflict of interest".
  • TATA Capital Loan Against Securities is Rated as "Great!" by 3441 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
      "Satisfactory Experience"
      0.5 4.0/5 "Great!"
      I am satisfied with Tata Capital documentation part and they have fulfilled the commitment on my personal loan. The interest rate is quite nominal they gave me the same thing which provided by other banks. Even the door step documentation process is good.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 14, 2019
    • Tata capital Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I guess the rate of interest is best which was given by Tata Capital where others are given more percentage. I opted for 3 years, I don't know about the terms and conditions for foreclosure. The executive came to my office and took some documents. The process was immediate and not has lengthy.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 14, 2019
    • Tata capital Personal Loan
      "Approval should be faster"
      0.5 4.0/5 "Great!"
      There is no processing fee from the disbursement but I taken the insurance fee around Rs. 3300, I took 1.30 lakh it has the tenure period of 4 years, the interest rate is nominal as per other banks, the customer support is good but for approval they taken one month of time.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jan 14, 2019
    • Tata capital Personal Loan
      "ROI and charges are high"
      0.5 4.5/5 "Excellent!"
      I have taken my personal loan from Tata capital. The process was on time and the loan disbursed was as per my requirement. The services is good. The rate of interest was of 12 or 14%, I am not to sure but it was on the higher side. The processing fee is around 2K.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 13, 2019
    • Tata capital Personal Loan
      "Process is lenghty"
      0.5 3.5/5 "Pretty good"
      When I had applied for the personal loan at Tata Capital. I received a call only after a month which was a very long process. After that call the loan got disbursed in 4 to 5 days. I got the amount of 5.5 Lakh as needed. The rate of interest is of 11.49% with a zero fee. There is a pre closure options after one year only and there would be a charge of 2%, if the closure is before one year the charges would be of 4.5% plus GST.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 13, 2019
    • Tata capital Personal Loan
      "Good. Can do better"
      0.5 4.0/5 "Great!"
      Tata capital process for the personal loan was delayed. They kept collecting the documents on and off. The rate of interest is of 11.49% with a zero processing fee. There was a fee taken for insurance. They need to work on the services in the process.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jan 13, 2019
    • Tata capital Personal Loan
      "Excellent experience"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan on time from Tata capital. It was a excellent experience. The customer services and response is good and they informed me the details. The documents was picked up on time. The rate of interest is of 11.49% and the processing charges is zero.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 13, 2019
    • Tata capital Personal Loan
      "Need to be quick and have clarity in ROI"
      0.5 3.0/5 "Satisfactory"
      My personal loan is from Tata capital and it was a delayed process. It took two weeks for me to get the loan. They asked for documents repeatedly. The process has to be more sooner. I got the loan as needed. I was initially informed of a interest rate which is 11.49% and finally got 11.69%. The processing charges is zero.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jan 13, 2019
    • Tata capital Personal Loan
      "Services need improvement"
      0.5 3.5/5 "Pretty good"
      I have my personal loan with Tata Capital and the process was not clear, they were not clear on the document list and the paper work was not taken at one go. It was a very lengthy process of two weeks. The loan was provided as needed and the interest rate was of 11.49% with a zero processing fee. I will recommend them only for the interest rate and charges and not for the services.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 13, 2019
    • Tata capital Personal Loan
      "Satisfactory process"
      0.5 4.0/5 "Great!"
      It was a good experience with Tata capital for the personal loan. It was a on time process and the documentation was collected on time. The rate of interest is around 11.49% and the processing fee is zero. I received the loan as needed. They also have good repayment options like part payments.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 12, 2019
    • Tata capital Personal Loan
      "Commitment should be fulfilled"
      0.5 3.5/5 "Pretty good"
      Tata Capital committed the disbursement would be happen within 3 days but they have sanctioned the amount after one week. The executive came to my place and collected the documents but they kept asking various papers from my end. The interest rate is absolutely good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 11, 2019
    • Tata capital Personal Loan
      "Disbursement duration should be reduced"
      0.5 4.0/5 "Great!"
      Due to good rate of interest on the personal loan, I took the Tata Capital personal loan. My principal amount is Rs. 1 lakh with 11% of interest for one year. They do have foreclosure option, documentation procedure was easy but for the sanctioning the loan, they took three weeks of time.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 11, 2019
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was a very good experience i had with this loan where the process was pretty good. The interest rate with them has been nominal and there has been some charges which they had made as processing fee as well. There has not been any hassle faced with their services so far.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 10, 2019
    • Tata capital Personal Loan
      "Rate of Interest is high"
      0.5 2.5/5 "Just OK"
      The interest rates high and the processing fee also huge hence i am not satisfied with the personal loan with TATA Capital. I have taken the loan amount of Rs. 5 lakhs. They have given me a interest rate of 12.99%. There is a pre-closure and partial payment available with some charges. Documentation process is really nice.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 10, 2019
    • Tata capital Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with TATA CAPITAL and my experience was good, the loan amount was sufficient and the rate of interest was nominal when compared to others. Customer service was good and they responded on time. Initially the tenure period w as for 4 years and later i have taken top up loan and then the tenure period was for 5 years.
      Was this review helpful? 1
      , karnal
      Reviewed on Jan 10, 2019
    • Tata capital Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      Its a time consuming loan process, I took the loan amount Rs. 6 lakhs, I felt the Tata Capital rate is low in the market. The documentation process was smooth there is no difficulties faced and also the customer service is very good and gave me the door step.
      Was this review helpful? 2
      , pune
      Reviewed on Jan 09, 2019
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      I had chosen to go with them since the interest rate with them has been pretty low when compared with the market rate. The process in getting this loan has taken a little more time than usual. The loan amount which they had provided has been sufficient and there has been some charges which they had made on taxes.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 09, 2019
    • Tata capital Personal Loan
      "Excellent process and customer friendly"
      0.5 5.0/5 "Blown Away!"
      Based on the lower interest rate and the tenure period i have selected the TATA capital. I have bought the loan amount of Rs. 4 lakhs for that they have provided me a interest rate of 14%. They have charged me a processing fee of Rs. 400. I have been paying the EMI of Rs. 8765 every month. I got the loan at the right time.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 09, 2019
    • Tata capital Personal Loan
      "ROI and charges are high"
      0.5 3.0/5 "Satisfactory"
      My personal loan is with Tata capital and there was a delay in the process. They took around 15 days. After which, I received the loan as needed. The rate of interest is around 13.5%. There was a processing fee as well of 600rs. They can be more fast in service.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 09, 2019
    • Tata capital Personal Loan
      "Good to get a loan"
      0.5 4.0/5 "Great!"
      There is no specific reason for choosing the TATA Capital personal loan. They have offered me a interest rate of 15.5% approximately and I'm happy about that. The processing fee was about Rs. 1500 which was deducted from my overall loan amount. I have applied the loan amount of Rs. 2 lakhs.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jan 09, 2019
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