Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    We found 1 Tata Capital Personal Loan Eligibility
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 18.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    Tata Capital Personal Loan Eligibility is Rated as "Great!" by 3353 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Tata Capital Personal Loan Eligibility

    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.

    Apply for Tatacap Personal Loan

    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
      "Good in Service"
      0.5 4.0/5 "Great!"
      I was looking for a personal loan and randomly i went for Tata Capital bank. This is my second time with Tata Capital and i am aware of services. This time the interest rates which i have for my loan is bit high and i would be happy if the interest rates comes down.
      Was this review helpful? 2
      , pune
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Good. Can be better"
      0.5 4.0/5 "Great!"
      My personal loan is with Tata capital. There was a delay in the process. I got the loan in 15 days. The customer support and response is good, but they can be more sooner. The interest rate is of 11.49% with a zero processing fee. I needed a loan of two lakhs and I received only one lakh.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Internal communication should be enabled "
      0.5 2.0/5 "Expected more"
      I had raised the complain the back end and front end not connected, all the information updated on online, post that everything happened physically . Three time Tata Capital executive came to my place and done the verification and again collected the address proofs. They taken 7 or 8 taken to complete the process I chase them on the call.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Good Experience with Tata Capital"
      0.5 5.0/5 "Blown Away!"
      I have good experience with Tata Capital, within five to eight days I have taken the loan, they have sanctioned the amount. I have followed up twice, I have taken the amount around Rs. 2.5 lakhs with interest rate, I am not sure about the part payment and pre closure options.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Process can be more sooner"
      0.5 3.0/5 "Satisfactory"
      I got a interest rate of 11.49% and a zero processing fee for the personal loan with Tata capital. There was a fee for stamp duty of 1500. After the document was approved, I should have got the loan in three to four days, but I the disbursement process took a month after a lot of follow up calls from my end.
      Was this review helpful? 1
      , pune
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      Tata capital has done a good job in the personal loan. The process was good and on time. The rate of interest was around 11.49% and the processing charges was zero. The loan was provided as needed. I did not have a hassle with the documentation process too.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a very good experience with TATA CAPITAL for personal loan, i received my loan amount within 10 days. I expected the loan amount for Rs 2.5 lacs but they approved only for Rs 2.40 lacs. Rate of interest was nominal and the customer service was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a fantastic experience with TATA CAPITAL for personal loan, i received my loan amount within 10 days. I expected the loan amount for Rs 4 lacs but they approved only for Rs 2.2 lacs. Rate of interest was nominal and the customer service was good.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      My experience was good with TATA CAPITAL for personal loan, the loan amount was for Rs 1.25 lacs with tenure period of 4 years. Rate of interest was nominal when compared to others. I received my loan amount within 5 days and the customer service was good.
      Was this review helpful? 1
      , thane
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My experience was good with TATA CAPITAL for personal loan, the loan amount was for Rs 2 lacs with tenure period of 3 years. Rate of interest was nominal when compared to others. I received my loan amount within 1 week and the customer service was good.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Process time should be less"
      0.5 3.0/5 "Satisfactory"
      It was an average experience with personal loan from TATA CAPITAL, they said the loan amount will be disbursed in 3 days but it took 10 days.. Loan amount was for Rs 20 lacs with tenure period of 6 years and rate of interest is nominal. Customer service was good and they responded on time.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Needs to improve on customer service"
      0.5 3.0/5 "Satisfactory"
      My experience with Personal loan from TATA CAPITAL could have been better if the customer service was good and if there was proper coordination. The process took 1 week to complete and the loan amount was for Rs 2 lacs with tenure period of 3 years. I am finding issues on making payments.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have my personal loan approved with TATA CAPITAL and the experience was good, documents were collected multiple times. I received my loan amount within 15 days. Rate of interest was nominal and the tenure period for this loan is 2 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a very good experience with TATA CAPITAL for personal loan, i received my loan amount within 1 week. I expected the loan amount for Rs 4 lacs but they approved only for Rs 2.30 lacs. Rate of interest was nominal and the customer service was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Need to follow up on time"
      0.5 4.0/5 "Great!"
      My personal loan application was approved with TATA CAPITAL and the experience was good, the process took more than 2 weeks to complete. I had to follow up to check the status of the application. Loan amount was for Rs 4 lacs for 5 years with nominal interest rate. Customer service was good and they followed up on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for my personal loan with Tata capital recently, and the loan amount they have charged me was sufficient, they have charged me nominal rate of interest up to 11.3% and even processing fee they have charged me was nominal, the process went smoothly without any issue.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Dec 12, 2018
    • Tata capital Personal Loan
      "Good in service"
      0.5 4.0/5 "Great!"
      This is my first loan with Tata Capital. The reason to go with Tata capital was their low interest rates. Also there was no processing fee charges at the beginning. Overall i am happy with the fees and charges and the rate of interest too seems reasonable.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 12, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for my personal loan with Tata capital recently, and the loan amount they have charged me was sufficient, they have charged me nominal rate of interest up to 11.5% , and the processing fee they have charged me or not i have no idea, in initial stage i face issue in documentation part for that reason there was delay in loan disbursement.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 12, 2018
    • Tata capital Personal Loan
      "Good In Service"
      0.5 4.0/5 "Great!"
      With Tata Capital this is my first personal loan. I was looking for a personal loan and i went ahead applying with Tata Capital. Well at the beginning the interest rates which was said to me was different and later when the loan got sanctioned i found a different interest rate. I tried arguing on this but Bank has anyhow convinced me over this . Apart from this services are fine.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 12, 2018
    • Tata capital Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan previously with the TATA CAPITAL where the rate of interest is lower along with that the service is very good with this bank. They have given the loan amount which is satisfactory. I have been using this from past few years.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 12, 2018
    Common Loader Icon

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Loading your search...
    Close

    Compare, check your eligibility and apply online instantly.

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.