Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 Tata Capital Personal Loan Interest Rates
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    10.99% - 25% Fixed
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    Tata Capital Personal Loan Interest Rates is Rated as "Great!" by 3138 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
      "OUTSTANDING"
      0.5 5.0/5 "Blown Away!"
      I got personal loan through TATA CAPITAL , i am holding this account for past 5year . The rate of interest is 10.4% and the tenure period is 6month . Customer support is up to the mark , i do not have to face any issue at the time of getting the loan . So far it has been good experience .
      Was this review helpful? 4
      , mumbai
      Reviewed on Sep 14, 2018
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since they where providing a paperless approval and the process in getting this loan was extremely easy. It has taken very less time in disbursing the loan amount and the response which they had shown has been good as well. The loan amount which they had provided has been satisfactory, there has not been any additional charges which they had made or there has not been any sort of additional charges which they have made so far.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 12, 2018
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since the interest rate with them has been good with them when compared with the market rate. The process in getting the loan had been good as well, their customer support also had been responsive. The loan amount also had been satisfactory and there has not been any additional charges which have been made by them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 12, 2018
    • Tata capital Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      The process was smooth with TATA CAPITAL personal loan application, i received my loan amount in 10-15 days. The loan amount was for Rs 1 lac with high interest rate when compared to others. Customer service was good and they followed up on time. Tenure period for this loan is 3 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 12, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      My experience was up to the mark with TATA CAPITAL for personal loan, the process was smooth and i received my loan amount within 10-15 days. The loan amount was for Rs 4.25 lacs with nominal interest rate and tenure period for this loan is 3 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 12, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a good experience with TATA CAPITAL for personal loan, the loan amount was for Rs 6.7 lacs with the tenure period of 5 years and the rate of interest was nominal when compared to other banks. Customer service was good and their response was on time.
      Was this review helpful? 2
      , bangalore
      Reviewed on Sep 12, 2018
    • Tata capital Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      The process was very quick with TATA CAPITAL personal loan application, i received my loan within 3 days. The loan amount was for Rs 10 lacs with nominal interest rate when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 5 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 12, 2018
    • Tata capital Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My personal loan was taken with TATA CAPITAL 7 months back.The loan amount 10 lakhs and the interest rate was 10.5% which is average . The tenure period was 5 years . The customer service and responses was good. I have faced some issues but it was rectified.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 12, 2018
    • Tata capital Personal Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan through TATA CAPITA L , they provide 11% of interest rate and it is nominal in the market . Customer support i have not approach so far but at the time of getting loan it is good . The banking process is very quick within week i got my loan amount .
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 11, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with TATA CAPITAL , there is processing fee with rs 2000 and it is nominal in the market . The bank provide me with foreclose option and they are not charging for it . Rate of interest is nominal with this bank and tenure period is 4years with TATA CAPITAL.
      Was this review helpful? 3
      , bangalore
      Reviewed on Sep 11, 2018
    • Tata capital Personal Loan
      "BEST SERVICE"
      0.5 5.0/5 "Blown Away!"
      I got my personal loan with TATA CAPITAL . My loan amount is satisfactory and tenure period is 5years . There are no hidden charges with this bank , and rate of interest is 10.92% and it is nominal in the market . Customer support is good and they responded on time .
      Was this review helpful? 2
      , mumbai
      Reviewed on Sep 11, 2018
    • Tata capital Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      My personal loan was taken with TATA CAPITAL , and they provide 11% rate of interest and it is nominal in the market . I cannot rate to customer service because i have not interact with them much . The processing fee is 0 and tenure period is 1year . SO far it has been good experience with this bank .
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Sep 11, 2018
    • Tata capital Personal Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loon from the TATA CAPITAL . My loan amount is up to the mark and tenure period is 5year . They charge 8000 rs for insurance and it is too high . Customer support and their response is satisfactory . There are no hidden charges with this bank .
      Was this review helpful? 2
      , chennai
      Reviewed on Sep 11, 2018
    • Tata capital Personal Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I got my personal loan with TATA CAPITAL , the disappointment part of this bank is intially they said 10% of interest rate but later they charge 11% and even loan amount is not up to the mark . One of the customer support visit to my home for document collection. Also my personal bank details and said if i wont provide i will not get my loan so i feel this is not secured to ask about confidential bank details .
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 11, 2018
    • Tata capital Personal Loan
      "Experience is good"
      0.5 4.0/5 "Great!"
      The process was smooth at Tata Capital. The customer services and response is good and the process was on time. I received the personal loan as per my requirement. The rate of interest is around 10.99% and the processing charges are waived off completely.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 11, 2018
    • Tata capital Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Tata Capital. The overall experience is excellent but there was a little delay. I am not sure on the exact rate of interest offered, but it is a good deal. I was told that there would be a fee of 450 for the part payment interest which is okay. But there was 600 more deducted for which I did not get the receipt. I do not mind the deduction but there should be some clarity in it.
      Was this review helpful? 0
      , nagpur
      Reviewed on Sep 11, 2018
    • Tata capital Personal Loan
      "Good. Can be more quick"
      0.5 4.0/5 "Great!"
      Tata Capital has provided the personal loan and the process was good. It would have been better if the loan was provided much sooner as there was a delay of three days than what was informed to me initially. The rate of interest is around 13.5% and the processing fee was waived off.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 11, 2018
    • Tata capital Personal Loan
      "Fast process"
      0.5 5.0/5 "Blown Away!"
      It was a pretty good and fast process with Tata capital. The customer services was good and the process was completed quickly. I received the personal loan in three to four days and it was as needed. The rate of interest is around 11% and the process fee was waived off.
      Was this review helpful? 2
      , bangalore
      Reviewed on Sep 10, 2018
    • Tata capital Personal Loan
      "Good services and response"
      0.5 4.5/5 "Excellent!"
      Tata Capital process my personal loan on time. It was good experience and the documentation was collected on time. I also received the loan as needed and it was disbursed on time too. The rate of interest is of 10.99% and the processing charges was zero.
      Was this review helpful? 1
      , bangalore
      Reviewed on Sep 10, 2018
    • Tata capital Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with TATA CAPITAL recently . The loan amount was 6 lakhs and the interest rate was average i the market., The tenure period was 6 years . There is no issues faced with the service here. The documentation was smooth and there is no delay at all . I was not asked to the processing fee also so i would like to recommend to others.
      Was this review helpful? 4
      , mumbai
      Reviewed on Sep 08, 2018
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