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    We found 1 Tata Capital Personal Loan Eligibility
    Bank Name
    Interest Rate Range
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    Loan Amount
    Tenure Range
    11.75% - 18.00% Fixed
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    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    Tata Capital Personal Loan Eligibility is Rated as "Great!" by 3713 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Tata Capital Limited is a subsidiary of one of India’s most respected business houses, Tata Sons Limited. Registered with the RBI as a Non Banking Financial Company (NBFC), Tata Capital under it's brand offers it's customers fund and fee based financial services. It is a customer-centric, trusted one-stop shop for financial services catering to all diverse needs of corporate, institutional and retail customers, across various areas of business in terms of commercial finance, wealth management, consumer loans, and more.

    Tata Capital Personal Loan Eligibility

    To avail a personal loan from Tata Capital below is the eligibility criteria:

    For self employed:

    Particulars For self-employed professional For self-employed individuals
    Age 25 - 65 years 25 - 65 years
    Continuity of business Should have had the same business for a period of 3 years in the same city Should have had the same business for a period of 3 years and have a work experience of 3 years
    Minimum income per year Rs. 2, 00, 000 Rs. 2, 00, 000
    Loan tenure 12 - 48 months 12 - 48 months
    Maximum loan amount Rs. 15, 00, 000 Rs. 15, 00, 000

    Apart from the above mentioned criteria, most banks and financial institutions take into consideration the Credit Information Report [CIR] to check your payment history trend, if there's any amount due or any default as well.

    The check is also done with the Income ratio to EMI, in this check they identify if your total EMI exceeds your monthly incomes by 50% or more. If this is the case then the chances of getting the loan is drastically reduced.

    Documentation required for self-employed:

    • Any government approved identity proof – voter’s ID, passport, driving license
    • Address proof – electricity bill, rental agreement, passport, ration card
    • Bank statements for previous 3 months
    • Form 16 (latest)
    • Income tax returns for the last 2 years attested by a CA, which includes the computation of income, the balance sheet and profit and loss statement
    • Proof of Continuation: Trade License/Sales Tax Certificate/Establishment – in case of self-employed individuals
    • Certified copy of Partnership Deed, Memorandum of Association(MOA), Article of Association(AOA) and Board Resolution – in case of self-employed individuals

    For salaried individuals:

    Particulars Salaried
    Industry segment
    • State or Central government
    • Corporation/Large pvt ltd
    • Public Ltd
    • Public Sector
    • MNC
    Age
    Loan Tenure 12 - 72 months
    Job continuity Should have been at the current employer for at least 1 year
    Income per month Rs. 20, 000
    Minimum loan amount Rs. 75, 000
    Maximum loan amount Rs. 15, 00, 000

    Documentation required for salaried individuals:

    • Any government approved identity proof – voter’s ID, passport, driving license
    • Address proof – electricity bill, rental agreement, passport, ration card
    • Bank statements for previous 3 months
    • Form 16 (latest)
    • Most recent salary certificate/slip

    Factors affecting Tata Capital Personal Loan Eligibility

    • Income - The income you earn on a monthly basis is a very important factor to determine your loan eligibility. It shows that you’re capable of repaying the loan.
    • Employment history - Your employment history shows that stability, constantly changes jobs raises caution. It can be ignored as well for exceptions, like spouse in the military, government employed which involves shuffling cities, etc.
    • Payment history - Making your payments regularly for your previous loans, credit cards, mortgages, vehicle loans, etc. increases your eligibility of a personal loan since they’re aware that you’re regular with your payments.
    • City of residence - Your chances of getting a loan in a metro city like Chennai, Mumbai, Bangalore etc. are more likely that smaller cities.
    • Age - If you’re a young salaried employee, you are at a higher risk of changing jobs quickly to move ahead in your career and this can be a risk leaving you unemployed, therefore this affects your loan eligibility.
    • CIBIL and Credit history - Your CIBIL score and the credit history are a very vital factor to determine your loan eligibility. It establishes your loan pattern for credit and your repaying capabilities. Allowing Tata Capital to have the confidence that you will make payments regularly.

    How CIBIL Score affects your Tata Capital Personal Loan Eligibility?

    • When you want to take a personal loan from Tata Capital, they will ensure to check your CIBIL score to have the confidence that you will repay the loan taken, a CIBIL score can range from 300 - 900. Any score above 750 will ensure you get the loan.
    • The CIBIL records will also show a loan pattern, showing that you've taken x secured and y unsecured loans and will work in your favour as well.
    • They also record your repayment history of your previous loans and credit cards giving Tata Capital the confidence they get repaid.
    • If you have made any settlements with any lenders as you were unable to keep up with the installments. They will check on this as well

    How to increase Tata Capital Personal Loan Eligibility?

    • Maintain a good credit history - Making regular payments and not missing out on deadlines helps you get a good credit history. This also increases your CIBIL score which helps you as well.
    • Ensure you have a mixture of secured and unsecured loans - Ensuring a mixture of both secured and unsecured loans increases credibility.
    • Prepayment - Having lesser EMIs to pay off give you the options to clear it via a prepayment option, giving you a better disposable income to take on a loan and increasing your chances.
    • Not having many credit cards - Too many credit cards will increase a risk on your credit favorability, and lowers the chances of getting a loan.

    FAQs on Tata Capital Personal Loan Eligibility

    Q. Are there any additional charges or processing fees?

    A. Yes, there are a processing fee is charged as an upfront amount, and will be deducted from the disbursed amount.

    Q. Can i prepay my Tata Capital Personal Loan?

    A. Yes, you can prepay the outstanding amount after a period of 180 days after loan has been disbursed. A fee for prepayment after 6 months is not applicable, however if you decide to prepay the loan after 180 days but before 6 months then a 2% closure charge is applicable on the extra amount.

    Q. Is there a top-up facility available on my Tata Capital Personal Loan?

    A. Yes, there is a top-up facility available depending on the tenure of the loan, but on a condition of at least 8 - 18 months of EMI being paid already.

    Personal Loan Reviews

    • Tata capital Personal Loan
      "Not proper information about Processing fees & Pre closure ."
      0.5 1.0/5 "Really Bad"
      TATA capital given fake information about processing fees . Initially , they informed me no processing fees after that they charged me around Rs 3000 /- as a processing fees. If it is applicable , I would have chosen some other bank for my loan . Even Pre closure and post closure charge was there in Tata capitals .
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 23, 2019
    • Tata capital Personal Loan
      "Need loan amount with in 48-72 hrs of time . "
      0.5 4.0/5 "Great!"
      TATA capitals peoples were helpful and coordinative .But they are taking some extra time from the bank side for crediting my amount . I am satisfied with their service .Okay with the interest rate for another 36 months .In the future also , I am thought of taking from them .
      Was this review helpful? 1
      , new delhi
      Reviewed on Mar 23, 2019
    • Tata capital Personal Loan
      "Rate is higher than the qotation"
      0.5 5.0/5 "Blown Away!"
      My loan has been taken with TATA CAPITAL . The tenure period is 2 year and the services which has been provided through this bank is good . The loan amount what i applied is 500000 and i got the same . The rate of interest is 13% which is very high . Easy process .
      Was this review helpful? 1
      , mumbai
      Reviewed on Mar 23, 2019
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with TATA CAPITAL . I am really happy the way they treat their customers on the basis of the transactions. Overall it has been a smooth experience. There is no hidden charges with this bank . Customer support is good . I applied for 400000 but i just got 300000 .
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 23, 2019
    • Tata capital Personal Loan
      "Need immediate response for Loan disbursement "
      0.5 5.0/5 "Blown Away!"
      My Major issue with the Tata capital is they taken 25 days for sanctioning my personal loan amount . A very long time made me to wait .I am Totally disagreed with the customer response . There is no proper follow up and no one there to inform the status of the loan .
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 23, 2019
    • Tata capital Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have met Tata Capital Agent and applied for Tata Capital Personal Loan.The agent clearly explained the process .The rate of interest was nominal and the processing fee was nominal .The loan amount was sufficient as well .I have applied for the loan amount of 3 lakhs for the tenure of 3 years. While submitting the documents also not yet faced any issues.The Overall Service is Good .
      Was this review helpful? 0
      , vijayawada
      Reviewed on Mar 23, 2019
    • Tata capital Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan with the TATA CAPITAL LIMITED they have offered with the ten lakhs rupees of loan amount also with lesser rate of interest which was 1.5% than others. The documentation process was simple and it is smooth also it is using from last few months. The duration is for 4 years to repay the loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 22, 2019
    • Tata capital Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      There is no particular reason for taking the personal loan with the TATA CAPITAL LIMITED. The documentation process was simple and i got the loan within 15days. The loan amount was good and i got the loan on time, also it is satisfactory with this loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 22, 2019
    • Tata capital Personal Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      It was a easy process with Tata capital for the persona loan. The customer support is good and I received the loan on the same day they committed. The loan amount was as needed. I am not sure on the interest rate. The processing charges is nominal. In all good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 22, 2019
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with this loan has been good and there was no difficulty in the process. They had offered me with a lesser interest rate and the charges which they had made has not been high. I was happy with the customer support team response as well.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 22, 2019
    • Tata capital Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      The rate of interest was lesser when compared to the others so i have taken the personal loan with the TATA CAPITAL LIMITED. The documentation process was good and i got the loan within 10-15 days, i got the good loan amount which is sufficient.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 22, 2019
    • Tata capital Personal Loan
      "Easy process"
      0.5 5.0/5 "Blown Away!"
      My personal loan is with Tata capital and the process was on time. They processed my loan on time and the loan was as per my requirement. The rate of interest is around 11.75% with a zero processing fee. The customer support and response is good in all.
      Was this review helpful? 1
      , chennai
      Reviewed on Mar 22, 2019
    • Tata capital Personal Loan
      "Services has to get improvised"
      0.5 3.0/5 "Satisfactory"
      The process has not been good and the interest rate with them was around 10.9% which was quite high where the other banks had offered me with lesser interest rate. They had collected the documents on time as well. But i recommend them to provide Personal loan to the people who are working in proprietorship as well.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 22, 2019
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      When i saw the details with them i felt it as a good option and it was a good offer. The process in getting this loan was pretty good and the loan amount which they had provided has been sufficient, the interest rate and charges with them had been nominal and there was no issues faced with the services of them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 22, 2019
    • Tata capital Personal Loan
      "Satisfactory"
      0.5 4.5/5 "Excellent!"
      I have taken my personal loan from Tata Capital Ltd. The interest could be better but it was fine. There was no processing which i liked it. The documents are submitted online. The time taken was average for the disbursement. The tenure is 2 years. There was charges for pre closure.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 22, 2019
    • Tata capital Personal Loan
      "Good Loan Experience"
      0.5 4.0/5 "Great!"
      The documents process was hassle free, during the process I went to out of station again I contact the Tata Capital executive and I submitted the paper. The loan got approved within two weeks of time, the loan amount was satisfied. They just taken Rs.600 from the amount of Rs. 2 lakhs.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 21, 2019
    • Tata capital Personal Loan
      "Recommendable Loan product"
      0.5 5.0/5 "Blown Away!"
      I think Tata Capital is giving quite reasonable interest and they have part payment option its very interesting. They done the follow up on the documentation I am very happy about it, its really super fast. I took the amount of Rs. 6 lakhs its fine.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 21, 2019
    • Tata capital Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      It was fine with TATA CAPITAL LTD. The interest rate was nominal and the processing fee was very less. The loan amount was sufficient and they delivered the loan within a week. The documents are collected by the executive. The loan duration is 3 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 21, 2019
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got the loan immediately from Tata Capital. The interest rate is bit high when compared to other banks. The processing fee was zero. I have applied for 3L and they have credited 2,97,520 rupees. They have taken the interest from the loan amount. The loan duration is 2 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 21, 2019
    • Tata capital Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I decided to gohead with TATA Capital since offered me a zero processing charges, the process has also been good where it has taken just five days to complete. The loan amount has been sufficient and the interest rate with them was around 13% which was quite nominal when compared with the other banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 21, 2019
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