Multiple banks. Different interest rates. Call it a "conflict of interest".
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.2,000 Amazon Voucher free Paperless approval available
    What you'll love
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    Perks
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    Good to Know
    Eligibility Criteria
    Customer Reviews
    Tata Capital Personal Loan Eligibility Calculator is Rated as "Great!" by 2876 Users
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    Tata Capital Personal Loan Eligibility Calculator

    Apply for Personal Loan

    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"
      0.5 3.5/5 "Pretty good"
      I have my personal loan with TATA CAPITAL . The loan amount was 3 lakhs and the interest rate was 13% which is average. The EMI period was 2 years . I had a hassle free loan process here and there is no processing fee also. My overall experience was good and its recommendable.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2018
    • Tata capital Personal Loan
      "Satisafctory"
      0.5 4.0/5 "Great!"
      My personal loan was taken with TATA CAPITAL. The loan process was good and he loan amount taken was 1.5 lakhs . The Interest rate was 12.3% which was satisfactory . The EMI period was 4 years. They did not provide door step service for collecting document and the executives were not helfull. The processing fee was free. My overall experience was satisfactory .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The service was good with the Tata capital in regards to my personal loan application. Tata capital took higher than normal time to disburse my personal loan amount. The rate of interest and the charges were very low when compared with others.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 17, 2018
    • Tata capital Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan application was approved by TATA CAPITAL and the experience was good. The loan amount is for Rs 2.01 lakhs with the rate of interest of 12.51% which is nominal when compared to all other sources. The process was very quick and i received my loan amount within 4 days. They did not charge any processing fees and the tenure of this loan is 2 years. Customer service was good and they always respond on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have my personal loan application approved with Tata Capital and the experience was good. The loan amount is for Rs1 lakh and the rate of interest is 11.99% which is nominal when compared to other banks. The process was smooth and i received my loan amount within 7-10 days. Customer service was good and they followed up on time. They charged a processing fee of 1% which is nominal. The only issue i found is, they did not inform about the insurance amount which is for Rs 1020 and has to be paid every month. The tenure of this loan is 1 year and it was overall a good service from Tata Capital.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 17, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have my personal loan application approved with TATA CAPITAL and the experience was quite good. The process was bit delayed and it took 10 days for the loan amount to get disbursed. Customer service was good and they provided door step service to collect the documents. The loan amount is for Rs 1 lakh with the rate of interest of 12.75% which is high when compared to other sources. They collected some documentation fees and the tenure of this loan is 1 year.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 16, 2018
    • Tata capital Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with Tata Capital.The loan amount is five lakhs,rate of interest is low as compared to others,They had collected documents door step as well as uploaded online.They have not taken processing fees from the loan amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 16, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan application was approved with Tata Capital and the experience was quite good. The loan amount is for Rs 1.5 lakhs with the rate of interest of 12.75% which is nominal when compared to other sources. The process was smooth and i received my loan amount within 1 week. Customer service was good and they collected documents on time. They did not charge any processing fees and there is an option of part payment where there is no additional charge. The tenure of this loan is 3 years and it was a overall a good service from Tata Capital.
      Was this review helpful? 0
      , thane
      Reviewed on Jan 15, 2018
    • Tata capital Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      The customer service and response was prompt with Tata Capital. I got a good rate of interest for my personal loan. I was not eligible for the amount which they offered to me was really happy. They disbursed the loan on time with lesser documentation.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 13, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      TATA Capital took 4 additional days for the disbursement. The documentation process was simple with Tata Capital. The executives came for the verification purpose. The actual amount was 5L due to my previous loan status they had offered only 3L. I have to pay 9,125 rupees monthly for this personal loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 12, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      The rate of interest was fine with Tata Capital. They offered a 5L with the tenure period of 60 months. I am paying premium around 11,000 rupees through ECS. The document collection was lengthy process. The part payment and pre closure options are better.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 11, 2018
    • Tata capital Personal Loan
      "Personal loan with TATA CAPITAL "
      0.5 5.0/5 "Blown Away!"
      I have taken a personal Loan from TATA CAPITAL.The approved loan amount was 2.3 lakhs . The given rate of interest was 13.5%. The monthly EMI comes around 7917. the total tenure is for 36 months. There was no processing fees.The customer service and response is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 11, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      The interest rate was good with Tata Capital. I had taken a personal loan with the help of online portal. they offered me 2L with tenure period of 4 years. They don't charge processing fee. The customer service and response was good. The documents were collected from my door steps.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 10, 2018
    • Tata capital Personal Loan
      "Interest rate to be reduced"
      0.5 4.5/5 "Excellent!"
      The customer service and response was average with Tata Capital. The rate of interest was so much high compared to others. They charged processing fee of 2000 rupees. I had taken 4,94,000 rupees as a personal loan for 4 years. The documentation process was easy.
      Was this review helpful? 0
      , faridabad
      Reviewed on Jan 10, 2018
    • Tata capital Personal Loan
      "Not bad"
      0.5 2.0/5 "Expected more"
      I have my personal loan with TATA CAPITAL . I did balance transfer so the process got delayed . The loan amount was 5 lakhs and the tenure period was also 5 years. The Interest rate was between 10-11% which was very low so I am satisfied. They have provided door step service for collecting documents,
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 10, 2018
    • Tata capital Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Experience is pretty good one with the Tata capital limited for the personal loan. I would like to say that the rate of interest was good one and their responsiveness too. Everything is fine one for me with the Tata capital limited. I am happy with them.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 10, 2018
    • Tata capital Personal Loan
      "No processing fee"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Tata capital. The approved loan amount was 2 lakhs 50 thousand. The approved rate of interest is 12%. The monthly EMI comes around 5500. the total tenure is for 5 years. there was no processing fees with Tata capital.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 09, 2018
    • Tata capital Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with TATA CAPITAL .The loan amount was 1 lakh and the Interest rate was 12.75% which was bit high than other banks in the market. The enure period was 2 years and the processing fee was nominal. My overall experience was excellent.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 09, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have my personal loan with TATA CAPITAL month back. The loan amount was 80,000 and the Interest rate was 11% which was not high than other banks.Here there is no processing fee .The customer service and responses was up to the mark. My overall experience was good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 09, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have my personal loan with TATA CAPITAL month back. The loan amount was 80,000 and the Interest rate was 11% which was not high than other banks.Here there is no processing fee .The customer service and responses was up to the mark. My overall experience was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 09, 2018
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