Tata Capital Personal Loan – Interest Rate, Eligibility, Instant Apply

Introduction

Tata Capital Personal Loan is the most popular personal loan in India given its low-interest rates, quick approval, and online process. If you are in urgent need of financial support, then follow our guide and you will obviously get a personal loan from TATA Capital.

TATA Capital is the flagship financial service company of the Tata Group, Tata Capital. Its sole aim is to provide focused and transparent financial solutions is helping people to fulfill their dreams. This financial service provider is known for catering to the diverse needs of the retail, corporate and institutional customers across businesses.

This Non-Banking Financial Company with its wide array of services has many products in the financial service sector, and a personal loan is one of them. Be it whatever financial need, this company provides support with its best of personal loan services.

Why choose TATA Capital personal loan

1. Fast loan disbursal.

2. Competitive rates of interest.

Features

1. No Guarantor or collateral is required.

2. Interest rates are 10.99%/annum onwards.

3. Flexible loan tenure of 12-72 months.

4. Tata Capital Personal loan can be tailored as per your convenience and ability to repay. Tata Capital lets you choose the loan amount, tenure, and the EMI period for which you need the loan.

5. You will only have to pay interest on the amount used with the part payment facility without any extra charge.

6. Tata Capital offers you the doorstep service, making it very simple and easy for you to apply.

Eligibility

For salaried professionals

1. Age should have to be within 21-58 years.

2. Should have a job and worked with the current employer for at least 1 year.

3. Monthly income should have to be a minimum of Rs. 20,000/month.

For self-employed professionals/individuals

1. Age should have to be within 25-65 years.

2. Applicant should be continuing of minimum 3 years in the same business and city.

3. The minimum income should have to be Rs. 2,00,000/year.

TATA Capital personal loan details

For salaried professionals

  • Available loan amounts are, Rs. 75,000 (minimum) and Rs. 15,00,000 (maximum).
  • Loan tenure ranges from 12 to 60 months.

For self-employed professionals/individuals

  • Available loan amounts are, Rs. 75,000 (minimum) and Rs. 15,00,000 (maximum).
  • Loan tenure ranges from 12 to 48 months.

Required documents

For salaried professionals

1. ID proof – Voter ID/Passport/Driving license.

2. Address proof – Ration card/Utility bill.

3. Bank statement of last 3 months.

4. Recent salary slip.

For self-employed professionals/individuals

1. ID proof – Voter ID/Passport/Driving license.

2. Address proof – Ration card/Utility bill.

3. Bank statement of last 6 months.

4. Latest Income Tax Return (ITR) along with the computation of income, Balance sheet (B/S), and Profit and Loss(P&L) for the last 2 years certified by a CA.

5. Trade License/Sales Tax Certificate/Establishment.

How to apply for TATA Capital personal loan

You can apply by

1. Going to a branch office.

2. Visit TATA Capital’s official website https://www.tatacapital.com.

3. Apply through the online TATA Capital Instant Personal Loan App.

How to apply via online App

1. Download the TATA Capital personal loan App.

2. Allow all permissions, tick the ‘I agree‘ box, and log in.

3. The next interface will show you various options for loans, click on the ‘Personal Loan‘.

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4. Provide your mobile number and put the OTP you received.

5. Fill up details like Name, Gender, Date of Birth, Pincode, City, State and click on ‘Get Started‘.

6. Now fill up your professional details like Salaried/non-salaried, Company Name, Monthly net salary and Obligations, Years of work experience, official email ID. After filling in all details click on ‘Continue‘.

7. On the page the interface will show that your application has been submitted and the company representative will call you.

8. After a thorough verification and further information collection, they will approve your personal loan.

Fees and charges

1. Loan processing charges are upto 3% of the loan amount and GST additional.

2. Prepayment is allowed only once a year and no part prepayment is acceptable for the first 6 months.

3. Penal interest is 3% on overdue amount plus GST.

4. Post-dated cheque charges are Rs. 850+GST.

5. Bounce charges are Rs. 600/cheque.

6. Cancellation charges are 2% of the loan amount or Rs. 5,750 (whichever is higher).

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7. Account Statement charge is Nill for a soft copy but, it will be Rs. 250+GST if you collect from the branch office.

8. There are no foreclosure charges in the first 6 months. After it will be 4.5% of the outstanding principal amount at the time of foreclosure with GST additional.

Customer care service

TATA Capital personal loan customer care service has well professional individuals available from 9 A.M to 8 P.M, Monday to Saturday (except public holidays). You can reach them by calling the toll-free number 1860-267-6060.

You can get connected with them via emails through –

The registered office address TATA Capital

11th floor, Tower A,
Peninsula Business Park,
Ganpatrao Kadam Marg,
Lower Parel,
Mumbai 400013

You can also visit the official website of TATA Capital by searching www.tatacapital.com and go to the customer care section.

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