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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 option available
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    Eligibility Criteria
    Customer Reviews

    Tata Capital Personal Loan Eligibility Calculator is Rated as "Great!" by 2507 Users

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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.

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  • Personal Loan Reviews

    • Tata capital Personal Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      I did not go ahead with Tata Capital for the personal loan because I got a preapproved loan from another bank. But I am satisfied with the response I got. They were quick to contact me and inform me the details. The process was good. The interest rate was around 11% which was normal.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 14, 2017
    • Tata capital Personal Loan
      "Very good rate"
      0.5 5.0/5 "Blown Away!"
      I am very much delighted with the interest rate and processing fee charged by TATA CAPITAL . They took around10 days to provide the loan. Documentation process was very simple. I am very much comfortable with the ECS date and I had received the loan from TATA Capital on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 14, 2017
    • Tata capital Personal Loan
      "Lengthy Process"
      0.5 4.0/5 "Great!"
      I cannot say that I had not faced any challenges with Tata capital but there was some confusions in the process. There was a lot of difference in their website and the reality. In the website it shows that there is a paperless work but I had uploaded all the documents so many times in both Tata capital and third party source web portal but then the process was so lengthy.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 14, 2017
    • Tata capital Personal Loan
      "Completely good"
      0.5 5.0/5 "Blown Away!"
      Interest rate is good for the personal loan. It is something a very important thing for the loan and I have no issues with the rate of interest. Tata capital processed my loan without any issues. The loan service from Tata was quite good and I am satisfied.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 14, 2017
    • Tata capital Personal Loan
      "Can do better"
      0.5 3.0/5 "Satisfactory"
      TATA Capital was in need of 36 cheque leaves also they dont have an auto debit facility which I was specifically looking out for and that is the reason why, I had not taken the personal loan from TATA CAPTIAL. Interest rate offered by TATA Capital was on the higher side.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 14, 2017
    • Tata capital Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Personal loan with the Tata capital limited was really fine one for me, also everything was fine. The loan amount got disbursed to my account within stipulated time period. Response and other things are fine.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • Tata capital Personal Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      Initially , there were some issues with the process of the Tata capital for the personal loan. Everything is good one with the Tata capital limited. Response is fine one with the Tata capital limited. The loan amount got disbursed to my account within five days of time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • Tata capital Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The Process with TATA CAPITAL personal loan was good . The customer service and Tata capital response was good. The required loan amount has been disbursed and I am satisfied with it. The rate of interest is high when compared with others. We cannot foreclose the loan in first 6 months and if we want to close the loan in next 6 months they have other criteria which is annoying with TATA CAPITAL.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 09, 2017
    • Tata capital Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The Process with TATA CAPITAL personal loan was good . The customer service and Tata capital response was good. The required loan amount has been disbursed and I am satisfied with it. The rate of interest is high when compared with others. We cannot foreclose the loan in first 6 months and if we want to close the loan in next 6 months they have other criteria which is annoying with TATA CAPITAL.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 09, 2017
    • Tata capital Personal Loan
      "Better deal to go with TATA CAPITAL"
      0.5 5.0/5 "Blown Away!"
      The TATA CAPITAL personal loan process was good, but the charges are not applicable for the foreclosure after1 year, this scheme is really good with Tata capital. They have disbursed my personal loan within 7 days of time. The response part was good with them, The required loan amount was disbursed and I am happy with it, The rate of interest is nominal with TATA CAPITAL.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Aug 09, 2017
    • Tata capital Personal Loan
      "Good "
      0.5 5.0/5 "Blown Away!"
      Personal loan process went good with Tata capital. It was quite easy to avail the process was simple. But they had taken a lot of time to disburse the amount. It was quite delayed service but other than that their customer service and response was good.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 08, 2017
    • Tata capital Personal Loan
      "Interest rate and charges should be reduced"
      0.5 3.0/5 "Satisfactory"
      Though I am a happy customer of TATA Capital they gave me low benefits on personal loan, the loan amount was Rs. 4 lakhs, they offered me 17.5% of interest for the tenure of five years. TATA Capital have taken Rs.12,000 from the disbursement..
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 08, 2017
    • Tata capital Personal Loan
      "Excellent process"
      0.5 4.0/5 "Great!"
      I had no hassles with Tata Capital for the personal loan. The executive was also supportive and they helped me out by collecting my documents on time. The rate of interest was of 11.99% and the processing charges was zero. After six months one can foreclose the loan with no charges.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 07, 2017
    • Tata capital Personal Loan
      "Approachable "
      0.5 4.0/5 "Great!"
      Interest rate is somewhat ok because everyone's desire is to get the lowest interest rate. Actually I had taken the personal loan from Tata capital. They processed my loan application without any hassles. Customer service is approachable and I had no issues with them.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 07, 2017
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      Tata capital has approved my personal loan and disbursed it within 2 weeks of time. The rate of interest which they have offered was nominal with my personal loan. The response part was good with Tata capital . The required loan amount has been disbursed I am happy with it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 07, 2017
    • Tata capital Personal Loan
      "Overall good process"
      0.5 5.0/5 "Blown Away!"
      The process of Tata Capital was on time and I had no issues in getting my personal loan through. The customer services was good as the document collection was on time as well. They were responsive as well during the process. I was also comfortable with the rate of interest and processing charges too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 07, 2017
    • Tata capital Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      Interest rate for the personal loan with the Tata capital limited was around 11.32% and the customer service is good with them and they have provided me the loan amount very immediately. Processing charges were nil with them and the customer service is good the total loan amount I have applied for 7 lakhs received 6.90
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 06, 2017
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      A very good process with Tata Capital for the personal loan. The process was very much satisfactory as it was on time. I got a interest rate of around 13% and the processing charges was nominal. The after loan services is also good and there are no issues overall and the tenure is for 2 years
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 06, 2017
    • Tata capital Personal Loan
      "Brilliant and attractive"
      0.5 4.0/5 "Great!"
      Two key factors of TATA Capital would be, first the interest rate , its different when compared to other bank as it was a very less . Secondly, because of very good reputation I had chosen them. Disbursement happened within 3 days as all my documents were in place. Good repayment options were there as I can repay 25% of the loan amount and also when it comes to closure they are not charging interest on the remaining interest amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 06, 2017
    • Tata capital Personal Loan
      "Need to improve"
      0.5 2.0/5 "Expected more"
      Experience was not really good with the Tata capital limited because of the information did not match with the commitments for the personal loan, which I had applied. Till now, the customer service did not resolve the issues related to the processing charges.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 04, 2017
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