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    We found 1 Tata Capital Personal Loan Interest Rates
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    11.50% - 17.25% Fixed
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    1-6 Years
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    Tata Capital Personal Loan Interest Rates is Rated as "Great!" by 3056 Users

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    Tata Capital Personal Loan Interest Rates

    Overview of Tata Capital Personal Loan

    Tata Capital offers personal loans designed to meet any personal monetary requirement one could have. Personal loans offered by Tata Capital come with flexible repayment options and extremely competitive interest rates, ensuring their loans do not become a burden on a borrower. A simple and hassle free loan application process and attention to customer needs make Tata Capital Personal Loans one of the best choices when it comes to personal loans in India.

    Tata Capital Personal Loan Interest Rates

    Interest rates on Tata Capital Personal Loans vary depending on factors like purpose of loan, income, borrower background, previous associations with the organisation, etc. Interest rates for the year 2015 range from 13.50% per annum to 18% per annum, based on different criteria. Tata Capital offers the option of repaying a loan in flexible EMIs, which along with competitive interest rates ensure that a borrower is not financially over-burdened to repay a personal loan. Interest rates calculated by Tata Capital depend on certain classifications, which can be changed according to its discretion.

    Tata Capital Personal Loan Interest Rates 2018

    Particulars Salaried Self-Employed
    Interest rate 11.99% to 19.00% p.a. 11.99% to 19.00% p.a.
    Loan Amount Minimum: Rs.75,000 Maximum: Rs.15 lakh

    For professionals: Minimum - Rs.3 lakh Maximum - Rs.20 lakh

    For businessman: Minimum - Rs.75,000 Maximum - Rs.15 lakh

    Loan Tenure 12 to 72 months 12 to 48 months
    Lowest EMI NA Rs.8,163.49 for professionals (calculated at lowest loan amount taken for the maximum loan tenure at minimum interest rate).
    Processing Fee Minimum: Rs.999 + GST. (Can go up depending on the loan particulars). Minimum: Rs.999 + GST. (can go up depending on the loan particulars)
    Age 21 to 58 years 25 to 65 years
    Prepayment Charges No part pre-payment charges after 180 days. Within 180 days, no charges for payment up to 25% of your outstanding principal amount. Payment of more than 25% of the outstanding principal will attract 2% prepayment charge. No part pre-payment charges after 180 days. Within 180 days, no charges for payment up to 25% of your outstanding principal amount. Payment of more than 25% of the outstanding principal will attract 2% prepayment charge.
    Foreclosure Charges 4.5% of the principal outstanding at the time of foreclosure + GST. 4.5% of the principal outstanding at the time of foreclosure + GST.
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    How to calculate interest/EMI on your Tata Capital Personal Loan

    Knowing the EMI amount is a crucial factor in personal loans, as it allows an individual to plan his/her resources accordingly. Calculating the EMI on your Tata Capital Personal Loan is a simple task, thanks to Bankbazaar. Borrowers can log onto the BankBazaar website and enter the details of their loan (tenure, amount, interest rate) in the EMI calculator. The calculator will process the required details and display the EMI to be paid.

    An amortization table offers a systematic breakdown of the entire loan repayment process, indicating the variation between the Principal and Interest component for a particular loan. Post each EMI payment the principal amount reduces and it is this lowered principal amount which is used to calculate the interest for the next term.

    Example: Mr. Kumar avails a personal loan of Rs 1 lakh at an annual interest rate of 13.5% from Tata Capital. He opts for a repayment tenure of 5 years, which means he has to pay an EMI of Rs 2,301 per month. The table below highlights the entire loan repayment timeline, providing insight on the amount he would need to pay every year in order to clear the loan.

    Loan Amortization Table

    YearPrincipal paid (Rs)Interest paid (Rs)Balance amount (Rs)
    Year 115,01912,59384,981
    Year 217,17610,43567,805
    Year 319,6447,96848,161
    Year 422,4675,14525,694
    Year 525,6941,9170

    Factors affecting your Tata Capital Personal Loan Interest Rates

    There are multiple factors which can affect the interest rates you end up paying for a Tata Capital personal loan, some of which are mentioned below.

    • Loan tenure – The tenure of a personal loan has a bearing on the interest rates. Loans for a short tenure might attract a higher interest rate compared to loans for longer tenures.
    • Repayment capacity – Tata Capital is a financial institution which runs on its ability to get back its investment. The repayment capacity of an individual could change the interest rates charged by the organisation, as they might not charge an exorbitant interest rate to someone who does not have the means to repay such amounts.
    • Relationship with Tata Capital – Individuals having a good relationship with Tata Capital might be in a position to reduce their interest rates, owing to their past behaviour and personal standing. It is possible for banks/lenders to reduce interest rates for those who are valued customers and those who have displayed great commitment to their payments in the past.
    • Employment details – Interest rates vary depending on the profession of a borrower. Tata Capital charges different interest rates to self-employed and salaried individuals. Salaried borrowers might be charged a lower interest rate as they have a stable source of income and there is little risk of defaulting. Self-employed borrowers might not always have a steady income source and might have to pay a higher interest rate as the organisation could view them as risky prospects.

    Note: Interest rates charged by Tata Capital are at their sole discretion and subject to change.

    How CIBIL score affects Tata Capital Personal Loan Interest Rate

    Tata Capital relies on the CIBIL score of an applicant to gauge his/her loan repayment capacity. A good CIBIL score is an indicator of a good credit history, improving the chances of an applicant getting a personal loan at favourable interest rates. Applicants with low CIBIL scores might be considered risky and Tata Capital might choose to increase their interest rate, to offset any liability on their part.

    Key things about Tata Capital Personal Loan Interest Rates

    • Tata Capital Personal Loans do not require any security or collateral and do not have any major impact on interest rates.
    • Changes in repo rates are likely to impact the interest rate charged by Tata Capital as a change in repo rates would force the organisation to change its lending rate accordingly.
    • Interest rates vary according to the applicant and can be adjusted by Tata Capital at its sole discretion.

    Tata Capital Personal Loan Interest Rates Reviews

    • Tata capital Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I took loan personal loan from the Tata Capital for 4.25 lacs. I got the loan amount with in 15 days cheque. The interest rate was 14% initially and they reduced the interest rate to 13.5% Overall it has been a good experience so far. They need to lower the interest rates.
      Was this review helpful? 4
      , chennai
      Reviewed on Jul 13, 2018
    • Tata capital Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Tata Capital, the over all process was good, but there was a little issue during the process, there was a communication gap between the verification team or else the process could have been more faster. I had to follow up on them and they never informed me about the company gate was closed and they could not visit me. So I had to reschedule everything and get things done.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 30, 2018
    • Tata capital Personal Loan
      "Should improve processing time"
      0.5 3.0/5 "Satisfactory"
      The process in getting the loan has taken more than the usual as it has taken 35 days in getting the loan amount. I had directly went to them for submitting the documents where they had not been collecting it on doorsteps. I have taken this loan for a medical emergency.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 30, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had chosen to go with them since the processing fee was zero. But during taking the loan it has taken some more time than usual and the loan amount which they ahd given has been satisfactory. The interest rate which they are charging had been good and i had taken this loan for my home renovation. There has not been any issues faced.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jun 30, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have gone through the website portal and they had been good compared with others. The process in getting the loan has been good and the processing had taken more times than usual. I had applied for a loan amount of 1.5 lacs and they had given me 1.2 lacs and i had taken this loan for a personal reason. The interest rate has been okay and it has not been too high or too low.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 30, 2018
    • Tata capital Personal Loan
      "Good to apply the loan in TATA capital compared to others"
      0.5 4.5/5 "Excellent!"
      I have applied the loan amount of Rs. 4 lakhs. They have charged me a interest of 12.25%. Their is no processing fee for this loan. I have taken the tenure period of 4 years. They are taking too much time to take the escalation part. It is minimum of 20 to 25 days to resolve the issue. The same thing happened thrice in customer care. I have a relationship executive for me.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jun 28, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied a loan amount of 10 lakhs and they have sanctioned the same. They have offered me a interest rate of 11.25%. The processing fee is get waived off. Their is no hidden charges when i was purchasing the loan. From next year onwards there was some charges. I used to the EMI amount of around Rs. 21000. As i think so they clarification is not provided from the bank end regarding the pre closure. In customer care, they are saying different criteria for the pre closure.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 27, 2018
    • Tata capital Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had chosen to go with them since the process with them has been fast and easy. The process has been smooth and the loan amount which they have given has been satisfactory. The interest rate with them has been good and there has not been any issues faced with them so far.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 27, 2018
    • Tata capital Personal Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken with TATA CAPITAL. The process was good and the loan amount was 2.7 lakhs and the interest rate was 48 months . The customer and responses was up to the mark. They have sanctioned the loan with the committed time and the processing fee was also nominal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 27, 2018
    • Tata capital Personal Loan
      "Much scope for improvement"
      0.5 1.0/5 "Really Bad"
      Rate of interest is around 13% with the Tata capital limited and everything were good one too. I am really not happy with them and I would like to close the loan amount in foreclosure way and everything is better too with the Tata capital limited.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jun 27, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had chosen to go with them since the interest rate with them had been low compared with the market rate. The process in getting the loan also had been easy and the loan amount which they had provided had been satisfactory. There has not been any issues faced with the banking services offered by TATA CAPITAL.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 26, 2018
    • Tata capital Personal Loan
      "They need to improve their field executive"
      0.5 5.0/5 "Blown Away!"
      Actually it is quite seamless. Most of the documentation did online services. Physical verification done once. The fintech process are very high tech nowadays. I can track application easily. TAT of the disburse is very low compared to other banks. They are not charging anything for the pre-closure. I'm not aware of the minimum pre-closure period
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 25, 2018
    • Tata capital Personal Loan
      "Fine with TATA CAPITAL"
      0.5 5.0/5 "Blown Away!"
      It was told me initially that their is no charges for processing fee however the Rs. 2100 for the processing fee without any intimation from the bank. I was trying make a call for their toll free number. There was a lots questions are coming in the IVR. Their is a more queue time. I have tried 2 times but i got a same response only. The interest rate is similar whatever they mentioned earlier. I got the earlier whatever they said. After submission of all the proper documents, i have got the loan next day itself.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 25, 2018
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from the Tata Capital. The experience in terms of the loan was very good. I got the loan with 10 days. Documentations was very good. There were no charges. Asked to reduce the interest rate, comparing to other banks they offer a competitive interest rate. Overall it was a very good experience.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jun 25, 2018
    • Tata capital Personal Loan
      "Need to process the loan fast"
      0.5 4.0/5 "Great!"
      I took a personal loan from the Tata Capital for Rs. 3L for 3 years. It took almost 20 days, the loan process was very slow. Normally it would take 2-3 days and in my case it took a lot of time after application, I didn't get the money when I required it the most. They need to process the loans in a timely manner.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 25, 2018
    • Tata capital Personal Loan
      "Bull shit experience from the TATA Capital's people"
      0.5 1.0/5 "Really Bad"
      The people who are working over there are very careless. Their is no time value for the customer and another thing service department also very bad. My loan got delayed because of the TATA capital fault because of their issue, customer is suffering. The person takes care of my loan taken 1 week leave so no one was there to take care of my loan. Their is no communication to the customer regarding the delay. I suffered too much with the TATA capital.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 25, 2018
    • Tata capital Personal Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken with TATA CAPITAL. The process was good and the loan amount was 2.7 lakhs and the interest rate was 48monsth . The customer service and responses was up to the mark. They have sanctioned the loan with the committed time and the processing fee was also nominal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2018
    • Tata capital Personal Loan
      "Not up to the mark"
      0.5 1.0/5 "Really Bad"
      I have taken a personal loan from Tata Capital, my over all experience has not been good, as the processing of my loam amount was delayed even after giving all the physical documents, secondly I did not receive any physical documents after receiving the loan, and they have charged me extra for insurance of my loan amount which I was not aware about that, I am not satisfied at all, and I requested them no of times to send me physical documents as my first emi towards the loan is approaching.
      Was this review helpful? 0
      , delhi
      Reviewed on Jun 22, 2018
    • Tata capital Personal Loan
      "Need to improve the customer care service"
      0.5 4.0/5 "Great!"
      I have not received the loan on time. I have applied on 10th April but i have received loan on 18th May. Actually, The TATA CAPITAL they have not processed my loan. I followed up with them many times. The interest rates are nominal. I used to make the payment through ECS. The customer care service is not good because the waiting time was huge its take around 25 minutes even though i cannot able to speak with the customer care executive.
      Was this review helpful? 0
      , jaipur
      Reviewed on Jun 22, 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 4 lakhs and the give interest rate was satisfactory and the tenure period was 5 years .The process was very quick and hassle free . They have sanctioned the loan with the committed time. The processing fee was very nominal . The customer service and responses was good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2018
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