Tata Capital offers personal loans to customers who are in the age group of 22 to 58 years. Applicants should have a monthly income of at least Rs.15,000. It is mandatory that they have work experience of at least 1 year. They should also have been in the same job for a minimum of 6 months. Tata Capital offers personal loans that are hassle-free and affordable. The bank also offers overdraft facility up to an agreed limit. For overdraft, interest is payable only on the amount that is used.
|Age||22 to 58 years|
|Minimum Monthly Income||Rs.15,000|
|Work Experience||At least 1 year|
|Employment Status||Should be in the same job for at least 6 months|
|Interest Rate||12.99% p.a. onwards|
|Loan Amount||Rs.75,000 – Rs.25 lakh|
|Loan Tenure||12 – 72 months|
|Processing Fees||Up to 2.5% of the loan amount|
Tata Capital mandates that you submit the following documents while applying for a personal loan:
No, Tata Capital offers a pure unsecured personal loan that can be used for a variety of reasons, including education, wedding, travel, etc.
In case you have a low credit score and require a loan urgently, you can consider applying for a joint loan with your parent or spouse. Tata Capital assesses the credit risk involved in this and will approve the loan based on your ability to repay.
Yes, Personal Loan Transfer facility is available. You can approach Tata Capital for more details.
Once the bank completes the verification of documents submitted, the loan disbursal process takes about 72 hours.
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