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  • Tata Capital Personal Loan

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  • We found 1 Tata Capital Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    11.25% - 14.49% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1 - 6 Years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews

    With an aim of taking financial products and services to as many customers as possible, Tata Capital offers a wide variety of loan options of which personal loan is a popular product. The company with its years of experience and expertise is a great name to bank with especially since the reach of the company is quite widespread. There are many features that differentiate Tata Capital personal loans from loans offered by other banks. Here are a few of such significant features that contribute to the success of these personal loans.

    Features and Benefits

    Fast Loan Disbursal: Tata Capital is fast in disbursing loans so as to ensure that customers are not required to wait for long periods before getting their financial needs met. Be it a wedding or a child’s education or a long-pending vacation, Tata Capital personal loan ensures you meet all your financial requirements without delay.

    Competitive Interest Rates: The rate of interest on Tata Capital Personal loans is quite competitive and starts at a very low percentage.

    Zero Prepayment Charges: Pre-payment charges are not applicable at all in case the customer wants to pay off the personal loan earlier than the stipulated loan tenure. This means that you can reimburse the loan amount to the bank as soon as you have extra cash and be done with your financial liability.

    Loan Details

    Interest Rate (Monthly reducing balance) 11.25% - 14.49%
    Processing Fees Nil
    Pre Closure Charges Preclosure permitted after 12 months. 0% of principal outstanding (plus ST)
    Loan Tenure 1 year to 5 years
    Guarantor Requirement No guarantor required

    Fees and Charges

    Loan processing charges Up to 2.5% of the loan amount +GST
    Prepayment
    • No part prepayment allowed in the first 6 months
    • Prepayment allowed only once in a year
    • There has to be a gap of minimum of 6 months between two part payments
    Pre-payment charges
    • Prepayment charge is 2.5% + GST on amount over and above 25% of outstanding principle
    • Part payment amount is up to 25% of the outstanding principle
    Penal interest 3% on overdue amount + GST
    Post-Dated Cheque Charges Rs.850 + GST
    Bounce Charges Rs.600 for every cheque/ Payment Instrument/ ECS Dishonour + GST
    Cancellation Charges 2% of loan amount or Rs.5,750 whichever is higher
    Instrument Swapping Charges Rs.550 + GST
    Foreclosure Charges
    • No foreclosure charges in the first 6 months
    • 4.5% of the outstanding principle at the time of foreclosure + GST
    Foreclosure Charges for Top Up 2.5% on the future outstanding principle of the existing loan + GST
    Foreclosure Charges in CCOD Cases
    • No foreclosure charges in the first 6 months
    • 4.5% on the drop-down limit amount+ GST
    Mandate Rejection Service Charge Rs.450 + GST (Charges will be levied if the new mandate form is not registered within 30 days of the rejection of the previous mandate form)
    CCOD Annual Maintenance Charges 0.25% on the drop line amount + GST or Rs.1,000 whichever is higher
    Outstation Collection Charges Rs.100 + GST
    Statement of Accounts
    • Soft copy: Nil
    • Branch walk-in: Rs.250 + GST
    Duplicate Repayment Schedule
    • Soft copy: Nil
    • Branch walk-in: Rs.550 + GST
    Duplicate NOC Rs.550 + GST
    Foreclosure Letter Charges
    • Soft copy: Nil
    • Branch walk-in: Rs.199 + GST

    Documentation needed to apply

    • Signed application form with photograph
    • Copy of passport/ voter ID Card/ Driving License
    • Processing fee cheque
    • Last 3 months bank statement/6 months bank passbook

    Documentation for salaried applicants:

    • Latest salary slip
    • Current dated salary certificate with the latest Form 16

    Documentation for self-employed applicants:

    • Latest Bank statement
    • Latest ITR or Form 16

    Tata Capital Personal Loan Eligibility

    Eligibility Criteria for Salaried Individuals

    Segment
    • MNC
    • Public Ltd.
    • Co/Large Pvt. Ltd.
    • State Govt. /Central Govt.
    • PSU
    Age Between 21-58 Years
    Job Continuity Should have a job and worked with the current employer for at least 1 year
    Minimum Income Rs.20,000 per month
    Minimum Loan Amount Rs.75,000
    Maximum Loan Amount Rs.15,00,000
    Tenure 12-60 Months
    Documents Required
    1. Identity Proof: Voters ID /Passport/Driving License
    2. Address Proof: Ration Card/Electricity Bill/Rental Agreement/ Passport.
    3. Bank Statement for the last 3 Months
    4. Latest Form 16
    5. Most Recent Salary Slip or current dated Salary Certificate

    For Self Employed Individuals and Self-Employed Professionals:

    Parameters Self Employed Professionals Self Employed Individuals
    Age 25-65 Years 25-65 Years
    Business Continuity Min. 3 years in the same business and city Min. 3 years in the same business and city
    Minimum Income Rs.2,00,000 per year Rs.2,00,000 per year
    Minimum Loan Amount Rs.75,000 Rs.75,000
    Maximum Loan Amount Rs.15,00,000 Rs.15,00,000
    Tenure 12-48 Months 12-48 Months
    Documents Required
    1. Identity Proof: Voters ID /Passport/Driving License
    2. Address Proof: Ration Card/Electricity Bill/Rental Agreement/Trade License/Sales Tax Certificate.
    3. Banks Statement for the last 6 months
    4. Highest Professional Degree
    5. Latest Income Tax Return(ITR)
    1. Identity Proof: Voters ID /Passport/Driving License
    2. Address Proof: Ration Card/Electricity Bill/Rental Agreement/Trade License/Sales Tax Certificate.
    3. Banks Statement for the last 6 months
    4. Latest Income Tax Return(ITR) along with the computation of income, Balance sheet(B/S) and Profit& Loss(P&L) for the last 2 years certified by a CA.
    5. Proof of Continuation: Trade License/Sales Tax Certificate/Establishment.

    How to apply for a Tata Capital Personal Loan on BankBazaar.com?

    Applying for Tata Capital Personal Loan is just a few step procedure with the BankBazaar.com website.

    Step 1: Check your Personal Loan Eligibility by filling in your details into the online tool. The tool will calculate the eligibility based on the norms of the Tata Capital Company and will let you know the personal loan amount quotations you are eligible to apply for.

    Step 2: The tool will give all the possible quotations for you as per your eligibility, now you can choose the most suitable option that fits your requirement as well as pocket.

    Step 3: After you select a particular plan and click submit, you will receive an e-approval from BankBazaar.com that your application has been approved and submitted.

    BankBazaar.com then forwards your application to the concerned department of the bank’s nearest branch. Tata Capital will then get in touch with you regarding your loan application. The turnaround time is real quick and meanwhile the status of the application can be tracked via SMS or e-mail.

    How to calculate EMI

    The BankBazaar Personal Loan EMI Calculator is a unique tool featured on the BankBazaar.com website. This online tool helps you calculate your EMI that needs to be paid every month. Using this online tool makes it easy for an applicant to know and plan beforehand his monthly expenses according to the loan repayment EMI.

    A user can enter details like the loan amount, tenure and the rate of interest; the tool then calculate the approximate EMI and lets the user know how much needs to be paid per month.

    About the bank

    Tata Capital Limited is a unit of Tata Sons Limited. The company is registered with the Reserve Bank of India and it offers financial services which are fee-based and fund-based. The company is a customer-focused firm that aims to develop and provide banking solutions under the Tata Capital brand.

    Tata Capital caters to customers from diverse backgrounds like retail, corporates, institutions and individual customers. The Tata group is a world-renowned business house and through its sub-division, Tata Capital, the group wants to bring to the financial sector the same expertise and experience that it has been known for. The tagline of the company is “We do what is right for you”, which depicts the superior level of commitment that the company has towards its customers.

    The company deals in commercial finance, private equity, investment banking, wealth management, infrastructure finance, consumer loans, travel related services, foreign exchange and leasing services. Tata Capital has alliances with some of the major financial giants of the world like Mizuho Securities and International Finance Corporation. The company has a wide network of offices across the country to take their financial products and services to as many retail and consumer customers as possible.

    Tata Capital Personal Loans are a popular set of personal finance schemes that cater to the individual financial needs of a customer. You can avail this finance for any personal reason like home renovation, weddings or festival expenditure.

    FAQs

    How do I track the status of my Tata Capital Personal Loan?

    Loan application status can be tracked via e-mails and SMS through the BankBazaar.com portal. Additional details can also be availed by calling the BankBazaar.com customer helpline or by directly calling up the Tata Capital customer center.

    What are the advantages of applying for Tata Capital personal loan through BankBazaar.com?

    The best interest rates can be availed while ensuring that you get the best overall loan quotations. Also you have the full BankBazaar team support in letting you sail successfully through your loan application processing.

    What is the minimum and maximum amount of Personal Loan that I can get with Tata Capital?

    The minimum loan amount is 75,000 rupees while the maximum is 15,00,000 rupees. This however, depends upon your loan eligibility.

    What is the tenure for which I can avail a Personal loan with Tata Capital?

    The tenure offered is between 12 to 60 months.

    Does BankBazaar.com charge for using its Loan Calculator Tool?

    No. This Calculator is absolutely free for use.

    Where can I get the Tata Capital Personal Loan Application form?

    The Personal loan application form can directly be found and filled at the BankBazaar.com website. The application can then be submitted too through the same website.

    Can I receive the Tata Capital Personal Loan statement online?

    Yes. You can choose to receive your loan statement online on the email id registered with the company.

    Is there a processing fee?

    A processing fee is charged upfront and depends upon the loan amount and tenure.

    Can I avail a personal loan for purpose of business?

    Yes. A personal loan from Tata Capital can be availed for business purposes too.

    Can I get a top-up on my existing personal loan with Tata Capital?

    Yes. A top-up loan can be availed only in case when 8-18 EMIs have been already paid.

    What are the pre-closure charges for the Tata Capital Personal loan?

    There are no pre-payment charges for a Tata Capital Personal Loan if you pay the loan amount after 180 days from the disbursal of loan amount and up to 25% payment of the loan amount. In case the part payment is greater than 25% then a 2% fee is charged.

    Can I apply for a Tata Capital Personal loan Online?

    Customers have the option to make an online application for a personal loan. All you have to do is visit the company’s official website and click on the Personal Loans link in the Online Loans section and enter the required details, such as name, gender, date of birth, residential status, email id, mobile number, city of residence, profession, etc. Once all these details have been filled in, you will have to choose the tenure and loan amount you wish to avail after which you can submit the application and wait for its approval provided you meet all eligibility criteria.

    How much time does it usually take to get the personal loan approved if I take the online route?

    Customers who apply for personal loans online will receive immediate approval in about five minutes provided they qualify for the facility. The loan will be disbursed to the applicant in less than 72 hours after the customer has submitted all the relevant documents. However, whether or not your application will be approved will be solely determined by Tata Capital Financial Services Limited.

    How do I check the status of my loan online?

    After you have submitted your application for a loan using the company’s website, the status of your facility can be tracked by simply visiting the ‘Track my Application’ link on the official website. You will be required to furnish the loan application number along with your date of birth to retrieve the data you require.

    Do I have to scan my documents and submit them online or do I have to visit a Tata Capital branch to submit them physically when applying for a personal loan?

    Customers have the option of uploading their documents online as it offers the element of convenience. Alternatively, you can also choose the option of having your documents collected personally by an executive representative of Tata Capital Financial Services Limited. The executives of the company will visit you at your office or residence as per your convenience to complete the formalities.

    What are the details that must be entered in the Residence address section when filling out the online application for a personal loan?

    The details entered by a customer in the residence address section of the online application form must be the same as stated in the address proof you have submitted to the company. The address proof may include any one of your passport, ration card, driving license, latest mobile phone bill or in the absence of the aforementioned documents, you may submit a letter from your employer provided it contains a signature of the admin manager or authorised HR.

    How do I make repayments towards the loan?

    Customers have the option of repaying their personal loans through the Electronic Clearance System (ECS). All you have to do is inform the company to deduct the equated monthly instalments from the bank account you have nominated. Customers also have the option to make payments via post-dated cheques in favour of Tata Capital Financial Services Limited.

    Is there an option to prepay my personal loan?

    Yes, customers can prepay their personal loans by simply visiting a branch of Tata Capital Financial Services Limited or calling and getting professional advice from an executive of the company at 1800 209 6060 (*Between 9 AM to 8 PM; Monday to Saturday; Closed on Sundays and Public Holidays). When visiting the branch, certain documents must be carried on your person. These documents include a statement that states that you have cleared the last instalment, foreclosure statement, request letter signed by the applicant, and PAN card. The prepayment of your personal loan can be made via demand draft, cheque or cash.

        

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    Tata Capital Personal Loan Reviews

    • Tata capital Personal Loan
      "Need to decrease rate of interest "
      0.5 3.0/5 "Satisfactory"
      The rate of interest is very high of 20% from TATA CAPITAL when I applied a personal loan. They have offered me amount of 96K but before it was 1.30L which I am okay with tenure period of 3 years. They were saying to provide current address proof but I was not having at that time so the process was closed from bank end.
      Was this review helpful? 4
      , bangalore
      Reviewed on Mar 17, 2020
    • Tata capital
      Tata capital Personal Loan
      "Need to decrease interest rate"
      0.5 4.0/5 "Great!"
      TATA CAPITAL has offered a bit high rate of interest and fee. The process was done on good, the amount was not sufficient offered only 2L but I was expecting more than that. The tenure period of 1 year. Since an interest rate is high, closed the loan process from my end.
      Was this review helpful? 1
      , agra
      Reviewed on Mar 17, 2020
    • Tata capital Personal Loan
      "Need to provide more loan amount "
      0.5 4.0/5 "Great!"
      I was not comfortable with rate of interest though they offered of 9.5% but it was not satisfied for me. TATA CAPITAL offered the loan amount of 1.42L only but I was expecting up to 3.5L. The tenure period of 5 years. Hence due to low amount closed the loan process from my end.
      Was this review helpful? 2
      , chennai
      Reviewed on Mar 17, 2020
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan journey started with Tata Capital Ltd . The loan got sanctioned on proper time frame .The rate of interest and the processing fee was medium and the agent shared all the relevant details about the loan .I have not faced any issues and the loan was taken for business purpose .
      Was this review helpful? 2
      , ludhiana
      Reviewed on Mar 16, 2020
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan through Tata Capital Ltd mainly for my personal use .This loan was sanctioned on time .There was proper callback and follow up from online.The rate of interest and the processing fee was medium and i am satisfied with the service.
      Was this review helpful? 1
      , jaipur
      Reviewed on Mar 15, 2020
    • Tata capital Personal Loan
      "Service is Good"
      0.5 4.0/5 "Great!"
      My personal loan was availed through Tata capital ltd .This loan was taken for personal use only and the rate of interest and the processing fee was very high due to requirement taken the loan .This loan was sanctioned very quickly and there was no drawbacks faced so far .I am satisfied with the service .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 15, 2020
    • Tata capital Personal Loan
      "User Friendly"
      0.5 4.0/5 "Great!"
      I have taken personal loan through Tata capital ltd.The rate of interest and the processing fee was medium .This loan was sanctioned on delay basis it took 2 weeks that was the issue.For verification of documents it took long time and there was proper acknowledgement from online as well as from tata capitla ltd.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 15, 2020
    • Tata capital Personal Loan
      "Interest rate was high and its easy loan approval "
      0.5 4.0/5 "Great!"
      The rate of interest was very high 20.5% in TATA CAPITAL for the personal loan . The loan amount was Rs. 1,50,000 and i am paying emi of Rs.7,800 with the tenure of 24 months. Documentation was very simple, I have submitted to the executive and i received the card in 1 week.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 15, 2020
    • Tata capital Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan directly through Tata capital ltd.The rate of interest and the processing fee was high and this loan was sanctioned on time and the premium is paid on emi basis .The loan process was clearly shared by the agent and there was no drawbacks faced so far .
      Was this review helpful? 0
      , mysore
      Reviewed on Mar 15, 2020
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken this loan for personal use through Tata capital Ltd. This loan was sanctioned on exact time frame without any hassles.The rate of interest and processing fee was okay. The loan process was clearly shared by the agent. Everything was good and i have documents submitted through agent .
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 15, 2020
    • Tata capital Personal Loan
      "Hassle free loan service"
      0.5 4.0/5 "Great!"
      It was for the personal use i have taken a loan from TATA Capital because they have provided me a pre-approved loan. They have offered me a interest rate of 19% which is fine for me. I have taken the loan amount of Rs. 1.40 lakhs. Processing fee was minimal. After 6 months, I can do pre-closure but there will be additional charges.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Mar 13, 2020
    • Tata capital Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My personal loan was sanctioned on time by Tata capital .The agent clearly shared all the details about the loan process .when customer approach, they need to handle the customer properly. Mobile app is not accurate and it does not have complete information. I have submitted the documents through the agent .
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 13, 2020
    • Tata capital Personal Loan
      "Good Loan Service"
      0.5 3.5/5 "Pretty good"
      For the marriage purpose, i have taken this loan. I like the HDFC bank but they have sanctioned me very less amount hence i have availed the loan with TATA Capital. They have provided me a loan amount of Rs. 1.50 lakhs and got the interest rate of 18% which is quite higher anyway its acceptable. Part payment and pre-closure is available after 6 months.
      Was this review helpful? 0
      , vadodara
      Reviewed on Mar 12, 2020
    • Tata capital Personal Loan
      "Need to decrease interest rate"
      0.5 3.0/5 "Satisfactory"
      I have applied a personal loan from TATAT CAPITAL through online. I got a call on time, the process was smooth but bit delayed to sanctioned the loan by after 2-3 weeks. The amount was sufficient, I was expected 5L amount but given only 4L fine for me. The tenure period of 4 years. The rate of interest is 19% which is high. EMI need to pay of around 12K.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 12, 2020
    • Tata capital Personal Loan
      "Better Loan Service"
      0.5 4.0/5 "Great!"
      There is no particular reason for choosing my personal loan from TATA Capital. They have explained me about the interest rate and processing fee. I have taken the loan amount of around Rs. 2.10 lakhs but i had applied for Rs. 3 lakhs because this is the eligible amount for my profile.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 12, 2020
    • Tata capital Personal Loan
      "Very Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      I have got a pre-approved personal loan from TATA Capital so only i have taken with them. I have received the loan amount of Rs. 80000 and they have provided me a nominal interest rate. I am paying the EMI amount of Rs. 2400 every month. I have opted the tenure period of 4 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 12, 2020
    • Tata capital Personal Loan
      "Quick process"
      0.5 5.0/5 "Blown Away!"
      I got a call on time from TATA CAPITAL for the personal loan application process. They have sanctioned the loan by 5 days with sufficient loan amount of 4L, the tenure period of 5 years. The rate of interest is 10.75 which is low compared from other. The processing fee deducted for 12K or 13K plus insurance. EMI need to pay of 11,364 rupees, given pre closure option after 1 year.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 12, 2020
    • Tata capital Personal Loan
      "Good Service"
      0.5 3.5/5 "Pretty good"
      I have not undergone any difficulties when applied for this TATA Capital personal loan .The rate of interest was very high that was the issue ,17.5% , loan got sanctioned on time , proper call back and follow up was there from tata capital and online if reduce the rate of interest it will be best that would be my suggestion.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Mar 12, 2020
    • Tata capital Personal Loan
      "Need to decrease interest rate"
      0.5 5.0/5 "Blown Away!"
      TATA CAPITAL has provided the personal loan with high interest rate of 16%. Since I had some requirement so taken this loan. I got a call on time, the process was done on smooth of 15 - 20 days, the loan amount was sufficient with tenure period of 3 years. EMI need to pay of 3,300 rupees.
      Was this review helpful? 0
      , jaipur
      Reviewed on Mar 12, 2020
    • Tata capital Personal Loan
      "Satisfied "
      0.5 4.0/5 "Great!"
      I got a call on time from TATA CAPITAL for the loan application. The process was smooth and they sanctioned the loan by 2 days. The loan amount was sufficient with tenure period of 3 years. The rate of interest is 14% and processing fee deduct for 5K. EMI need to pay of 3,690 rupees. I am not aware about pre closure option. Since for my requirement chosen this loan offer.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 12, 2020
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