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    We found 1 Tata Capital Personal Loan Eligibility Calculator
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    11.50% - 17.25% Fixed
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    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    Tata Capital Personal Loan Eligibility Calculator is Rated as "Great!" by 2981 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
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Got the better service from the TATA CAPITAL in regards to my personal loan application. I have got the loan amount within 2 days of time. The customer support service and the response is good from the tata capital . The rate of interest and the charges are average.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The personal loan process was very good and after the confirmation , I have got the loan amount within 3 days of time. The customer service is good from the Tata capital and they gave me better response in regards to my personal loan application. The rate of interest is low when compared with others.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 16, 2018
    • Tata capital Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      The personal loan process was with Tata Capital was completed asap. The collection of documents and disbursement was done in four days. The rate of interest is around 11.99% and I am not sure on the processing fees. I have few other loans with a interest rate of around 14 to 15% and this is the best.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 14, 2018
    • Tata capital Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      There was no intimation made or reason explained from the bank side during the closing of this loan and i would like to know the reason as well. I have tried calling them but there was no proper response made from their side. The rate of interest which they have offered was quite good.
      Was this review helpful? 0
      , noida
      Reviewed on May 11, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The tata capital branch was not available at the place where I have applied for the personal loan , so that was the reason I haven't got the personal loan from the tata capital. The customer support service and the response part is good from the tata capital.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on May 11, 2018
    • Tata capital Personal Loan
      "Need to Fulfill the promises"
      0.5 1.0/5 "Really Bad"
      Initially , the Tata capital has agreed to approve the loan amount of Rs,5,00,000 and after submitting the documents they told that they can release only Rs,3,00,000 , so that was the reason I haven't got the loan from the Tata capital. The promises need to be fulfilled by tata capital.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 11, 2018
    • Tata capital Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I had applied for the personal loan for some medical emergency , but the requirement has been fulfilled so that was the reason I haven;t got the personal loan. The customer support service and the response is good from the Tata capital , they were about to collect the documents but I have informed them in prior.
      Was this review helpful? 0
      , chennai
      Reviewed on May 11, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I haven't got the personal loan from the TATA capital because I have got the required amount, So I have cancelled the personal loan application from Tata capital , so that was reason I haven't got the loan from the TATA capital. The rate of interest and the charges were average with the TATA capital.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 11, 2018
    • Tata capital Personal Loan
      "Need to be more professional"
      0.5 1.0/5 "Really Bad"
      I also had applied with Tata Capital for the personal loan. I am not satisfied with the services and response and I suggest that the team can be more professional and polite while communicating to the customer. Also, the details needed of the customer should not be too personal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 10, 2018
    • Tata capital Personal Loan
      "Need improvement"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan with the Tata capital, and the documents were uploaded on time. The TATA capital executives told that they will come and collect the documents manually , but they haven't gave me any response from them. The customer support service and the response part need to be improved with the Tata capital .
      Was this review helpful? 0
      , bangalore
      Reviewed on May 08, 2018
    • Tata capital Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with TATA CAPITAL. The loan amount was 4.5 lakhs and the interest rate was 12.79 % which is average . The process was really satisfactory and good. There is no processing fee at all and they haves sanctioned the loan with the committed time so I would like to recommend to others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 25, 2018
    • Tata capital Personal Loan
      "Average"
      0.5 2.5/5 "Just OK"
      I have my personal loan with TATA CAPITAL . The loan amount was 1.15 lakhs and the interest rate was 11-12% which is average in the market . I am not satisfied with the customer service and responses since the executive said that the loan was disbursed but it was not disbursed actually . Their ground staff is good and then process was smooth .
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 25, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have my personal loan with TATA CAPITAL . The loan amount was 2 lakhs and the interest rate was 12% which is average . The customer service and responses was up to the mark. I had a hassle free process and documentation here. They have provided door step service for collecting documents.My experience was really good.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Apr 24, 2018
    • Tata capital Personal Loan
      "Very good"
      0.5 3.5/5 "Pretty good"
      My personal loan was taken with TATA CAPITAL . The loan amount was 65 lakhs, the interest rate was 11.9% which is satisfactory and the tenure period was 6 years . The process was quite good, but i have not received the documents yet. They have sanctioned the loan within the committed time.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 21, 2018
    • Tata capital Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with TATA CAPITAL. The credit limit was 3,30,000 and the interest rate was 14.25% which is bit high .The customer service and responses was good. The tenure period was 4 years . The process was good and smooth. The processing fee was nominal.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 21, 2018
    • Tata capital Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      The process was very smooth with Tata capital. I have taken my personal loan. It was a on time process for the document collection and for the disbursement too. The loan was as per requirement. The rate of interest is reasonable, it is of 11.99% and the processing fees is zero.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 18, 2018
    • Tata capital Personal Loan
      "Fast service"
      0.5 5.0/5 "Blown Away!"
      My experience with TATA CAPITAL for personal loan was very good, It was a fast approval and i received my loan within 3-4 days. The loan amount was for Rs 5 lakhs for 4 years with interest rate of 13% which is nominal rate. Customer service was good and they collected documents on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 16, 2018
    • Tata capital Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      The tata capital personal loan service is good, The emi options are not up to the mark with the tata capital and the ECS adaptation is not transparent. The transparency is not is not in the process. The rate of interest and the charges are high with the TATA capital when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 16, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had a very fine experience with TATA CAPITAL for personal loan, the process was quite long and it took 2-3 weeks to disburse the loan amount. The loan amount was for Rs 3.2 lakhs for 5 years with high interest rate of 11.99%. Customer service was good and they collected documents on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 14, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan experience was very good with TATA CAPITAL, the process took 5-6 days to complete. I have taken loan for Rs 1.5 lakhs with tenure period of 5 years. The rate of interest for this loan is 12.75% which is nominal rate. Customer service was good and they collected documents on time.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 14, 2018
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