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    Tata Capital Personal Loan Eligibility Calculator

    We found 1 Tata Capital Personal Loan Eligibility Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.99% - 19.50% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
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    Good to Know
    Eligibility Criteria
    Customer Reviews

    Tata Capital Personal Loan Eligibility Calculator is Rated as "Great!" by 2394 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.

    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
      "Good"
      0.5 4.0/5 "Great!"
      I have not got the personal loan with the Tata capital limited because of some documentation reason. They have asked me to provide six cheque leaf to process the application but I was lacking with that, then I have asked them to cancel the application.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2017
    • Tata capital Personal Loan
      "Prompt and good service"
      0.5 5.0/5 "Blown Away!"
      TATA CAPITAL LIMITED is very good in providing response in concern to my personal loan application. The documentation process was done in a proper way and the disbursement of the loan was done on time. They had disbursed my Personal Loan within 3 days of time. The interest rate is also nominal here. Overall I am satisfied with the Tata capital .
      Was this review helpful? 0
      , pune
      Reviewed on May 23, 2017
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got the best interest rate with Tata capital. The TATA capital took around 4 days to disburse my personal loan. The response and the follow up was really good and prompt with TATA capital. Overall I can say it was very good service with TATA capital.
      Was this review helpful? 0
      , pune
      Reviewed on May 18, 2017
    • Tata capital Personal Loan
      "Wonderful "
      0.5 5.0/5 "Blown Away!"
      Rate of interest was okay for me and I would like to say its a best one for the personal loan in the current market. Totally it took around ten to twelve days of time to get the loan amount. Response is very proactive with the Tata capital limited.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2017
    • Tata capital Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      TATA Capital process was very good, whatever they have committed they done everything. Nothing is lacking with them, I have taken the amount Rs.2 lakhs with tenure of 48 months, with the interest rate of 12% it is a floating rate. They gave part payment and foreclosure option.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 18, 2017
    • Tata capital Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      TATA capital taken eight days to complete the entire process of loan, I have submitted normal documents they done the process and done the disbursement. But I have requested the amount of Rs.10 lakhs but they approved for Rs.5 lakhs. If its great TATA Capital gives proper response and timely service to the customer that would be great.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2017
    • Tata capital Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Tata Capital delivered very fast service for my personal loan. I never ever faced any kind of constrains with them during the process, actually the process went smooth. Moreover, I am quite ok with their interest rate. I received good response from them.
      Was this review helpful? 0
      , chennai
      Reviewed on May 17, 2017
    • Tata capital Personal Loan
      "Satisfactory service"
      0.5 4.0/5 "Great!"
      TATA CAPITAL processed my Personal loan on time and disbursed it within the promised period . The rate of interest is nominal comparatively. There is no customer support number or some contact point to clarify my queries . I would like to suggest to provide a contact number as well the online portal is not up to the mark, they can improvise in their portal .
      Was this review helpful? 0
      , new delhi
      Reviewed on May 17, 2017
    • Tata capital Personal Loan
      "Satisfied service"
      0.5 4.0/5 "Great!"
      In the beginning it was very good approach with TATA CAPITAL, but during the process it got delayed about 2 to 3 days. They took around 1 week to disburse my personal loan. The rate of interest is nominal with TATA CAPITAL. Other than that the process everything went smooth.
      Was this review helpful? 0
      , pune
      Reviewed on May 17, 2017
    • Tata capital Personal Loan
      "Excellent Customer Support"
      0.5 5.0/5 "Blown Away!"
      TATA Capital executive are pretty helpful they made sure, my loan should disbursed on time. I had taken the loan amount of Rs.1.5 lakhs for a tenure of four years. But I did not go through the entire loan process with respect to part payment or foreclosure.
      Was this review helpful? 0
      , pune
      Reviewed on May 16, 2017
    • Tata capital Personal Loan
      "Better Service"
      0.5 3.5/5 "Pretty good"
      MY personal loan had been preapproved with the help of online source. I had submitted my loan application with Tata capital. In the beginning I was informed that the interest rate would be 11.99% with zero processing fee but later on they increased the rate of interest up to 12.99 and the processing fee is 2500 rupees. There service is not up to the mark on interest rate otherwise their customer service is good.
      Was this review helpful? 0
      , pune
      Reviewed on May 16, 2017
    • Tata capital Personal Loan
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      I had taken my personal loan from Tata capital limited and they had done a very good job for me. They processed my details on time and also disbursed the loan as needed. The rate of interest was of 12.99% but in documentaion I have found 13.99% and the processing charges were also nil
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 15, 2017
    • Tata capital Personal Loan
      "Better experience"
      0.5 5.0/5 "Blown Away!"
      Actually Tata capital has promised me some interest rate, in the final agreement it was higher than what they have promised which was unsatisfied. They have done the process within the promised time.The response and the follow up was very well with TATA capital. Overall the service is good with Tata capital.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on May 15, 2017
    • Tata capital Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I had applied for a personal loan with TATA CAPITAL. Their documentation process is not up to the mark. They have asked me to sign the documents like forty times and in-spite of that they said my sign is lengthy . Rest all were good rate of interest was around 15% loan amount I opted for 1 lakh loan amount.
      Was this review helpful? 0
      , chennai
      Reviewed on May 15, 2017
    • Tata capital Personal Loan
      "Delayed service"
      0.5 3.0/5 "Satisfactory"
      My experience for the personal loan is not good. Actually I got very delayed service. I applied for the personal loan with Tata Capital. They shared a link to upload certain documents but that link is not that much advance and I am unable to select the bank over there to upload the document. They should improve their technical service for the convenience of the customers because I have struggled a lot. Due to delayed loan disbursement, I could not implement my plan on time.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 13, 2017
    • Tata capital Personal Loan
      "Quick and fast service"
      0.5 5.0/5 "Blown Away!"
      TATA Capital had granted me a personal loan. The response , followup provided by TATA Capital was really good and it was very prompt too. It would be great if they lower the interest rate as it is relatively high on my personal loan. As far as documentation is concerned it is very smooth and easy. The time scales taken to process the loan was 10 days. The disbursement happened very quick and the service was really fast.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 13, 2017
    • Tata capital Personal Loan
      "More than average service"
      0.5 4.5/5 "Excellent!"
      The number of days taken to process the personal loan by TATA CAPITAL was 7 to 10 days., as the delay was from my side. The rate of interest levied by TATA Capital is very much nominal. The response and the followup provided by TATA CAPITAL was really good. Therefore, I would say that the service provided by TATA CAPITAL is more than average.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 13, 2017
    • Tata capital Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      The agent who processed my personal loan application with Tata Capital was very friendly. I am fine with them for all the services provided by them. But the main concern is, there is no proper updates if the application gets rejected. I received the loan from Tata Capital and I am satisfied with their customer service and responsiveness.
      Was this review helpful? 0
      , chennai
      Reviewed on May 13, 2017
    • Tata capital Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I am happy with the services of Tata Capital limited as they have done a good job for me on the personal loan. The process was completed on time and they also collected my papers and disbursement was as needed. They offered me the interest rate around 11.45% and charges is around 2900 rupees I am very much happy with TATA CAPITAL and I did not face any hassle with them.
      Was this review helpful? 0
      , chennai
      Reviewed on May 13, 2017
    • Tata capital Personal Loan
      "They should be paper less "
      0.5 4.0/5 "Great!"
      TATA Cpaital should improve on documentation process, there should not be some body picks the paper from customer place. They should provide online option to upload the documents. Apart from that everything is good. TATA Capital interest rate is also attractive, I have compared with other banks and they sanctioned zero processing fee.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 12, 2017
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