Tata Capital offers personal loans at lucrative interest rates starting at 10.99% p.a. You can avail a loan amount of up to Rs.25 lakh for a period of up to 6 years.
|Interest Rate (Monthly reducing balance)||10.99% p.a. onwards|
|Pre Closure Charges||Pre-closure permitted after 12 months. 0% of principal outstanding (plus ST)|
|Loan Tenure||12 months to 72 months|
|Guarantor Requirement||No guarantor required|
|Loan processing charges||Up to 2.5% of the loan amount +GST|
|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 for Top Up||2.5% on the future outstanding principle of the existing loan + GST|
|Foreclosure Charges in CCOD Cases||
|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||
|Duplicate Repayment Schedule||
|Duplicate NOC||Rs.550 + GST|
|Foreclosure Letter Charges||
Documentation for salaried applicants:
Documentation for self-employed applicants:
Eligibility Criteria for Salaried Individuals
|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|
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|
Use BankBazaar’s personal loan EMI calculator to check your monthly repayment amount. This easy-to-use online calculator lets you calculate your monthly EMI and processing fee within a minute. All you need to do is enter your loan details, including amount, interest rate, tenure, and processing fee. Click on “Calculate” to get your repayment details. This will be followed by an amortisation table, which will give you a complete break-up of your repayment schedule.
Loan application status can be tracked via e-mails and SMS. If you have applied for the loan through the BankBazaar.com portal, you can track in by visiting your BankBazaar account as well. Additional details can also be availed by calling the BankBazaar.com customer helpline or by directly calling up the Tata Capital customer center.
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.
Adhering to RBI guidelines, all Tata Capital personal loan customers are eligible for the moratorium. Note that the personal loan moratorium extension is till 31st August, 2020. However, interest on your outstanding loan amount would keep on getting accrued during the moratorium period and will be added to your future instalments.
Yes, the interest will keep getting accrued and you may end up paying more at the end of your tenure. So, use an online personal loan EMI calculator and check your monthly repayment obligations before opting for moratorium.
Yes. You can choose to receive your loan statement online on the email id registered with the company.
A processing fee is charged upfront and depends upon the loan amount and tenure.
Yes. A personal loan from Tata Capital can be availed for business purposes too.
Yes. A top-up loan can be availed only in case when 8-18 EMIs have been already paid.
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.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.