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  • Tata Capital Personal Loan

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    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.75% - 18.00% 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

    Tata Capital Personal Loan

    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) 11.75% to 18.00%
    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

    Charges and fees

    Interest rate 13.99% to 17.50% fixed
    Loan processing charges 0.5% to 2.25% of the loan amount
    Prepayment Yes. Permitted after 180 days of availing the loan
    Pre-payment charges Zero for part-payment up to 25% of the loan. 2% closure charge on more than 25% payment of loan
    Loan cancellation charges NIL

    Documentation needed to apply

    • 1. Signed application form with photograph
    • 2. Copy of passport/ voter ID Card/ Driving License
    • 3. Processing fee cheque
    • 4. Last 3 months bank statement/6 months bank passbook
    • 5. Documentation for salaried applicants:
      • Latest salary slip
      • Current dated salary certificate with the latest Form 16
    • 6. 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
      "Affordable Loan"
      0.5 4.0/5 "Great!"
      I applied the loan amount of Rs. 1 lakhs and there will be two charges like cheque bounce charges because of the bank and I need to pay Rs. 300 for late fee. There was an offer hence i got a call since the interest rate was okay, i have accepted the same. I'm planning to pre-close the close and after 1 year there is no pre-closure charges also. I called once the customer care, there was no proper response.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 16, 2019
    • Tata capital
      Tata capital Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for Tata Capital Limited Persona l Loan through Online .I have got all the required details through the agent,I have not taken this loan since there was no requirement at that time so cancelled the plan of taking this loan,There was no issues with rate of interest and the processing fee .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jul 15, 2019
    • Tata capital Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I was applied for a personal loan in TATA CAPITAL one month before which was processed through an online. The loan which was offered for low amount for the duration of 4 years. I have not receive any call from bank then I have called and enquired about the status they told as closed. The rate of interest was nominal.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 13, 2019
    • Tata capital Personal Loan
      "Not Satisfied with the Service"
      0.5 1.0/5 "Really Bad"
      I have applied for Tata Capital Ltd Personal Loan through Online .I have not faced any difficulties so far on using this website .I have got all the required details about the loan process .I was unabe to avail this loan since dont have Income Tax Returns .That was the only difficulty faced by me .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 13, 2019
    • Tata capital Personal Loan
      "Good "
      0.5 5.0/5 "Blown Away!"
      I applied for a personal loan with Tata capital. The customer support and response was good as they were on time to contact me and inform me the details. The rate of interest and charges was also nominal. I did not go ahead as I postponed my plan.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Jul 12, 2019
    • Tata capital Personal Loan
      "Okay Loan process"
      0.5 4.0/5 "Great!"
      First i have approached them for the personal loan and they took so much time in between my requirement got over hence i do not required the loan anymore. There was a offer available hence i have chosen the TATA Capital. I applied the loan amount of Rs. 2 lakhs and i'm not sure about the interest rate since i spoke with them long time before.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 11, 2019
    • Tata capital Personal Loan
      "average service"
      0.5 3.5/5 "Pretty good"
      I applied my personal loan with TATA CAPITAL . The rate of interest is too high with this bank so i cancel this loan. I have taken from another bank with low rate of interest . The customer service response is good , they was helpful to me . Overall it is good .
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jul 11, 2019
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I applied my personal loan with TATA CAPITAL . I cancel this loan because the rate of interest is very high with this bank . I upload all the documents with this bank . The loan amount which they gave was satisfactory . Overall the customer service response was Good .
      Was this review helpful? 0
      , pune
      Reviewed on Jul 11, 2019
    • Tata capital Personal Loan
      "Interest rate should be reduced"
      0.5 2.0/5 "Expected more"
      I heard Tata Capital was charging more interest, they told around 12.5% but I was looking for less interest hence I dropped the plan. Finally I took loan in ICICI with 10.9% of interest. The response is also not upto the interest when I ask for the negotiation.
      Was this review helpful? 0
      , thane
      Reviewed on Jul 11, 2019
    • Tata capital Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I applied my personal loan with TATA CAPITAL . I uploaded all the documents , they gave me the number to contact and even i accepted the rate of interest with this bank but i have not got a any calls from them . There was no proper follow up with customer support . So the loan got cancel .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 10, 2019
    • Tata capital Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      The rate of interest was lesser so i have applied. The documentation process was done also i have applied through the online. The loan got rejected but they h ave not said any of the reason. The expected loan amount was 4L, the rate of interest was 14-15% approx. The customer support is good and responsive.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 10, 2019
    • Tata capital Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      The process was very easy for getting Tata Capital personal loan, the person came to my place and collected the documents hence the door step service is good. The interest rate was reasonable but still it can be more better for the loan products.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 09, 2019
    • Tata capital Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have closed application there is frequently iam received calls i disclosed application They except loan amount is four lakhs and tenure is two years .Still now iam not submitted documents to banker end.customer service is good and response.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jul 06, 2019
    • Tata capital Personal Loan
      "Worst service"
      0.5 1.0/5 "Really Bad"
      TATA capital is not good. Since i had a need i have applied for the loan. If they are giving the list of requirement it would be fine. They are asking documents repeatedly and asking different documents at different times due to this process is getting delayed. They were not even given the update for 1 month. I never seen a worst service like this.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 05, 2019
    • Tata capital Personal Loan
      "Should be transparent"
      0.5 2.0/5 "Expected more"
      I felt the interest rate was big higher in Tata Capital and they are taking more time for processing. Initially it was advertised within 24 hours the loan get approved hence I was attracted but later on I am unable to take the loan, I am unhappy with them.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jul 05, 2019
    • Tata capital Personal Loan
      "Good overall"
      0.5 5.0/5 "Blown Away!"
      The experience is good at Tata capital and they were very quick to respond as well. The documents was taken on time. The rate of interest is of 11.05% and the processing fee is zero. The loan was provided as needed. The customer support is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 05, 2019
    • Tata capital Personal Loan
      "Less documentation with higher interest rates"
      0.5 2.5/5 "Just OK"
      TATA Capital is not providing the loan for some areas and the interest rates are also too high. They are providing the good services. I have given all my documents through online. The offered interest rate was nearly 2.4% approximately. I applied the loan amount of Rs. 1 lakh. I rejected the loan because of the higher charges.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jul 05, 2019
    • Tata capital Personal Loan
      "It should be customer friendly"
      0.5 0.5/5 "Unacceptable"
      Tata Capital asked my permanent address proof, but I was staying along with my parents. Hence I don't have any permanent address even my own property is under construction but they Tata Capital didn't agree and they are not flexible with their norms.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 05, 2019
    • Tata capital Personal Loan
      "Excellent customer support"
      0.5 4.0/5 "Great!"
      What amount I was expected, it was not approved from Tata Capital, finally I took loan from other institute. They are providing friendly service, I asked for Rs.1.5 lakh for one year of emi but they have policy only for 2 years and also as per the interest they are bit higher in the market.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 05, 2019
    • Tata capital Personal Loan
      "Better Loan services"
      0.5 5.0/5 "Blown Away!"
      For the house renovation and business purpose, i have bought the personal loan from TATA Capital. Since the rate of interest is very less compared to others and i have applied the loan amount of Rs. 3 lakhs for that they have provided me a interest rate of 8.5%. The service has been good. I never visited the TATA capital branch. They do have a facility of pre-closure and partial payment.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 05, 2019
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