Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 Tata Capital Personal Loan Eligibility Calculator
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Customer Reviews
    Tata Capital Personal Loan Eligibility Calculator is Rated as "Great!" by 2766 Users

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    Tata Capital Personal Loan Eligibility Calculator

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    Overview about Tata Capital Personal Loan

    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
      "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
    • Tata capital Personal Loan
      "Great responsiveness"
      0.5 3.0/5 "Satisfactory"
      I had applied for a personal loan with TATA CAPITAL.The loan amount is 2 lakhs,rate of interest is nominal as compared to others.Customer service is not up to the mark initially when i applied because they had called me after a week post which they had called to get the reason for closing the application that's when they were very prompt and sent multiple alerts.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 11, 2017
    • Tata capital Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I applied for a personal loan with TATA CAPITAL the service was good but the process was very slow I find lot of communication problem with them but the interest rate they quoted me fine compare to others it was totally a fine experience with TATA CAPITAL for my personal loan service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 10, 2017
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The best service has been given by TATA CAPITAL in regards to my personal loan application. The customer support is good with TATA CAPITAL. The documents were collected on time, they have visited my place on assigned date and time to collect the documents. The rate of interest and the charges low when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 10, 2017
    • Tata capital Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from Tata Capital, my loan application was approved and the requested amount was disbursed. It was overall a good loan experience. The customer service was good, they provided door step service for the collection of documents. The process was very smooth and the loan amount was approved within a week. The rate of interest of 11.9% was nominal when compared to other sources.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 10, 2017
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had received a personal loan with TATA CAPITAL.The loan amount is two lakhs.Rate of interest is 12.75% the executives are much quick in responding and they had taken 3-4 days to complete the whole set of process.Net banking is very convenient and options are good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 10, 2017
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