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    Tata Capital Personal Loan Interest Rates

    Tata Capital offers its customers an easy and quick financial solution in the form of flexible and unique personal loans at competitive interest rates. Read on to find out about the Tata Capital personal loan interest rates and flexible EMI options.

    We found 1 Tata Capital Personal Loan Interest Rates
    Bank Name
    Interest Rate Range
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    Tenure Range
    11.49% - 18.25% Fixed
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    1-6 Years
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    Tata Capital Personal Loan Interest Rates is Rated as "Great!" by 3458 Users

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    Personal Loan BYTES FROM OUR KITCHEN
    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.

    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.

    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

    Year Principal paid (Rs.) Interest paid (Rs.) Balance amount (Rs.)
    Year 1 15,019 12,593 84,981
    Year 2 17,176 10,435 67,805
    Year 3 19,644 7,968 48,161
    Year 4 22,467 5,145 25,694
    Year 5 25,694 1,917 0

    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 Professional Service"
      0.5 5.0/5 "Blown Away!"
      When I browsed the online channel, Tata capital is the one having less interest with zero processing fee. That is the reason I took this personal loan from them. The loan process was quite good, the processing time is less. The interaction between me and executive was professional.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 18, 2019
    • Tata capital Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have applied my personal loan in Tata Capital through online. The rate of interest and charges are nominal. I have received 2.7L excluding processing fee. The loan duration is 5 years. The documents are collected by executive as well as submitted online. They took max 8 to 9 days to deliver the loan.
      Was this review helpful? 1
      , pune
      Reviewed on Jan 18, 2019
    • Tata capital Personal Loan
      "Good Experience with Tata Capital"
      0.5 5.0/5 "Blown Away!"
      I got best deal from Tata Capital, the customer support is proactive to process the loan application. But the loan disbursement got delay it should be faster. I got the better interest rate and its zero processing fee from the Tata Capital disbursement.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 18, 2019
    • Tata capital Personal Loan
      "Should be transparent"
      0.5 4.0/5 "Great!"
      I chosen Tata capital is because of the processing fee waiver off, the interest rate is also okay for me. They charged me around the interest around 11% for Rs.4.75 lakhs. Tata Capital didn't disclose about the part payment and preclosure option. I suggest they should be transparent in all aspects.
      Was this review helpful? 1
      , delhi
      Reviewed on Jan 18, 2019
    • Tata capital Personal Loan
      "Experience is good"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Tata Capital. The customer support and response is good. I received the loan on time and as promised. The rate of interest is of 11.49% which is high and the processing charges is zero. The documentation was collected on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 18, 2019
    • Tata capital Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      The experience is good at Tata capital and they were very quick to respond as well. The documents was taken on time. The personal loan was not disbursed on the said date only because of the holiday that came in between. The rate of interest is of 11.49% and the processing fee is zero.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 18, 2019
    • Tata capital Personal Loan
      "Process is good"
      0.5 4.0/5 "Great!"
      I received a good response from Tata Capital for the personal loan. I got the funds within a week and as per my requirement. The rate of interest was of 11.49% which is on the higher side as the other banks are offering 11%. The processing was zero.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 18, 2019
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I was looking for a personal loan and thats when i applied with TATA Capital. This is the first time with TATA Capital and i am happy about it. My application was taken care and it was processed on time. The tenure period is 2 year and i use to pay EMI on time .
      Was this review helpful? 0
      , pune
      Reviewed on Jan 18, 2019
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience was good with TATA CAPITAL for personal loan, the disbursement took long time and i received my loan amount within 15 days. Loan amount was sufficient and the rate of interest was nominal. Tenure period for this loan is 4 years and the customer service was good.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jan 17, 2019
    • Tata capital Personal Loan
      "Average loan"
      0.5 3.0/5 "Satisfactory"
      I have applied the loan amount of Rs. 4 lakhs and they have sanctioned only 3.40 lakhs according to my eligibility. They have given me a interest rate of 14.10% and I'm unsatisfied with it. Before approval they said maximum of 12% but it didn't happened. They have deducted around Rs. 1200 as a processing fee. Total tenure period of the loan is 4 years.
      Was this review helpful? 1
      , faridabad
      Reviewed on Jan 17, 2019
    • Tata capital Personal Loan
      "Good Loan Services"
      0.5 5.0/5 "Blown Away!"
      Because of the lower interest rates i have chosen the TATA CAPITAL. I have applied the loan amount of Rs. 1.10 lakhs and i have received the same. The loan got sanctioned on time. Documentation process was fine. Overall, I'm satisfied with the service provided by them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2019
    • Tata capital Personal Loan
      "Good Services"
      0.5 4.0/5 "Great!"
      Because of the low rate of Interest rate. I can get a affordable tenure period of 5 years with TATA Capital hence i have chosen them. I was a existing a customer of TATA CAPITAL. They have given me a interest rate of 11.5% which is okay for me. They have not been charged any processing fee. There was a delay in the loan sanctioned for 1 month.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 17, 2019
    • Tata capital Personal Loan
      "They need to improve the customer care"
      0.5 3.0/5 "Satisfactory"
      Hence I'm working with the TATA group, hence i have selected the TATA CAPITAL. The annual fee got waived off. They have provided me a interest rate of 13% and i have applied the loan amount of Rs. 3.5 lakhs and i have received the same. I have chosen the tenure period of 5 years. Documentation process was quite smooth.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 17, 2019
    • Tata capital Personal Loan
      "Documentation should be faster"
      0.5 5.0/5 "Blown Away!"
      I got the best offer from Tata Capital, they have sanctioned the loan after 9 days, the guy who taken documents he have delivered to other person but he taken more days to submit hence my disbursement got delayed. It would be appreciated if they work on the process.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2019
    • Tata capital Personal Loan
      "Best in Need"
      0.5 5.0/5 "Blown Away!"
      I was looking for a personal loan and thats when i applied with Tata Capital. This is the first time with Tata Capital and i am happy about it. My application was taken care and it was processed on time. The interest rates were reasonable, its somewhere around 11.79%.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 17, 2019
    • Tata capital Personal Loan
      "Good initiative by Tata Capital"
      0.5 5.0/5 "Blown Away!"
      I was happy that Tata Capital was taken care of loan process. I don't want to take any initiative or additional effort to complete the process. Tata capital have disbursed the amount within 12 days, the interest rate is good, they do have foreclosure option.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 17, 2019
    • Tata capital Personal Loan
      "Should provide better interest"
      0.5 4.0/5 "Great!"
      I was expected the lower interest from Tata Capital, they gave me around the percentage around 11.3 on my personal loan. I took the amount Rs. 3 lakhs with the loan period of five years. They gave me the door step service but still its was not upto the mark. It would be great if they reduced.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2019
    • Tata capital Personal Loan
      "Satisfactory Experience"
      0.5 4.0/5 "Great!"
      I am satisfied with Tata Capital documentation part and they have fulfilled the commitment on my personal loan. The interest rate is quite nominal they gave me the same thing which provided by other banks. Even the door step documentation process is good.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jan 14, 2019
    • Tata capital Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I guess the rate of interest is best which was given by Tata Capital where others are given more percentage. I opted for 3 years, I don't know about the terms and conditions for foreclosure. The executive came to my office and took some documents. The process was immediate and not has lengthy.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 14, 2019
    • Tata capital Personal Loan
      "Approval should be faster"
      0.5 4.0/5 "Great!"
      There is no processing fee from the disbursement but I taken the insurance fee around Rs. 3300, I took 1.30 lakh it has the tenure period of 4 years, the interest rate is nominal as per other banks, the customer support is good but for approval they taken one month of time.
      Was this review helpful? 3
      , mumbai
      Reviewed on Jan 14, 2019
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