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Tata Capital Personal Loan Highlights |
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| Interest Rate | 11.99% p.a. onwards |
| Loan Amount | Up to Rs 50 lakh |
| Tenure | Up to 7 years |
| Minimum Monthly Salary | Rs 20,000 (Rs 15,000 for Government Employees, Salaried Employees, Women, Travel Loan) |
| Processing Fees | Up to 5.5% of loan amount |
| Pre-approved Instant Personal Loan | Offered to select consumers based on their repayment history, monthly income, credit score, age, etc. |
| Part-payment Fees |
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| Pre-closure Charges |
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| Documentation |
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Note: Rates as of 19th November 2024
Tata Capital Limited
Up to ₹50L
11.99% - 35%
Upto 7 Years
₹101
*Applicable for selected customers
Table of Contents
Tata Capital Personal Loan Interest Rates
Tata Capital Personal Loan interest rates start from 11.99% p.a. onwards. While the NBFC has not disclosed the interest rate differentiation based on the credit score, just like other lenders, this NBFC may also consider the credit score of its personal loan applicants while setting their personal loan interest rates.
| Customer Profile | Rate of Interest (p.a.) |
| Salaried | 11.99% onwards |
| Personal Loan Overdraft | 14.75% onwards |
| Personal Loan for Women | 11.99% onwards |
| Personal Loan for Travel | 11.99% onwards |
| Personal Loan for Marriage | 11.99% onwards |
| Personal Loan for Home Renovation | 11.99% onwards |
| Personal Loan for Government Employees | 11.99% onwards |
| Medical Loan | 11.99% onwards |
Processing Fees & Charges
| Processing Fees | Up to 5.5% of loan amount |
| Penal/Additional Interest | 3% on the overdue amount monthly + GST |
| Bounce Charges | Rs 600 + GST |
| Mandate Rejection Service Charge | Rs 450 + GST |
| CCOD Annual Maintenance Charge | Rs 0.25% on dropline amount + GST of Rs 1,000 |
| Outstation Collection Charges | Rs 100 + GST |
| Accounts Statement | Rs 250 + GST |
| Loan Cancellation Charges | 2% of the loan amount or Rs 5,750 (whichever is higher) + GST |
| Instrument swap charges | Rs 550 + GST |
| Duplicate Repayment Schedule | Rs 550 + GST |
| Duplicate NOC | Rs 550 + GST |
| Post- Dated Cheque Charges | Rs 850 + GST |
| Part-payment Charges | No part-payment for the first 12 months 2.5% + GST on amount over and above 25% of outstanding principal |
| Foreclosure Charges | 4.5% of the outstanding principal at the time of foreclosure + GST For closing loan within 12 months- 6.5% + GST If foreclosed within 6 months after completing part pre-payment: 4.5% of the outstanding principal at the time of foreclosure + GST + part pre-payment amount |
| Foreclosure Charges for Top- up | 2.50% on the principal outstanding at the time of foreclosure + GST Any prepayment /foreclosure made within 12 months prepayment/foreclosure charges 4.5% + applicable taxes on the principal outstanding |
| Foreclosure Charges in CCOD cases | 4.5% on dropped down limit + GST |
| Foreclosure Charges on Term Loan Facility | 4.5% of the outstanding principal at the time of foreclosure + GST |
| Foreclosure Letter Charges | Soft Copy- NIL |
| Branch Walkin- Rs 199 + GST |
Also know about the personal loan processing fee offered by top lenders
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Types of Tata Capital Personal Loan
Personal Loan Overdraft
- Purpose: Tata Capital Personal loan overdraft facility allows borrowers the flexibility to withdraw funds from the sanctioned limit and make repayments as per their requirements. The interest component is charged only on the amount withdrawn. The borrower can withdraw and repay the loan amount multiple times within the sanctioned limit.
- Loan Amount: Rs 2 lakh- 35 lakh
- Tenure: Up to 7 years
Personal Loan for Marriage
- Purpose: Consumers can avail Marriage Loan from Tata Capital for financing their wedding related expenses
- Loan Amount: Rs 40,000- 35 lakh
- Tenure: 1-6 years
Personal Loan for Medical
- Purpose: Prospective personal loan applicants can avail Medical Loan for meeting the expenses for medical emergencies and for cosmetic, dental and other medical procedures.
- Loan Amount: Rs 40,000- 35 lakh
- Tenure: 1-6 years
Personal Loan for Travel
- Purpose: Applicants can avail Tata Capital Personal Loan for Travel to finance their travel related expenses including transportation cost, hotel expenses, tour packages and/or any other expenses associated with the travel.
- Loan Amount: Rs 40,000- Rs. 35 lakh
- Tenure: 1-6 years
Personal Loan for Home Renovation
- Purpose: Tata Capital offers Personal Loan for Home Renovation to finance the renovation of the homes ranging from extensive interior upgrades to basic maintenance and repair needs.
- Loan Amount: Rs 40,000- Rs 35 lakh
- Tenure: 1-6 years
Personal Loan for Government Employees
- Purpose: Individuals employed in government sectors can avail Personal Loan for Government Employees from Tata Capital to meet their personal financial needs.
- Loan Amount: Up to Rs 35 lakh
- Tenure: 1-6 years
Personal Loan for Salaried Employees
- Purpose: Tata Capital offers Personal Loan for Salaried Employees to meet the personal financial needs of salaried individuals
- Loan Amount: Up to Rs 35 lakh
- Tenure: Up to 6 years (personal loan overdraft facility available)
Personal Loan for Women
- Purpose: Personal Loan for Women from Tata Capital allows working women as well as home makers to raise finance for meeting their diverse financial needs.
- Loan Amount: Rs 40,000-Rs 35 lakh
- Tenure: Up to 6 years (personal loan overdraft facility available)
Pre-approved Instant Personal Loan
Purpose: Tata Capital also offers instant pre-approved personal loan to individuals having excellent track records of repaying their credit dues. The NBFC may also consider other factors like monthly income, credit score, age, etc. while offering this loan facility to such individuals.
Eligibility for Tata Capital Personal Loan
Tata Capital personal loan eligibility depends on the income, age, job stability, credit score, monthly income and work experience of its personal loan applicants. Below-mentioned are the personal loan eligibility criteria set by Tata Capital for its different personal loan schemes:
- Age: 22-58 years
- Minimum monthly income: Rs 20,000
- Serving in the same job for at least 6 months
- At least 1 year of work experience
Personal Loan for Marriage
- The borrower should be salaried
- Age: 21- 58 years
- Serving in the current organization for at least 6 months
- Minimum work experience: 2 years
- Minimum monthly income: Rs 20,000
Personal Loan for Medical
- Salaried individual
- Minimum 1 year work experience
- Working in the current organization for at least 6 months
- Age: 21- 58 years
- Monthly income: At least Rs 20,000
Personal Loan for Travel
- Age: 22-58 years
- One year of work experience
- Minimum monthly salary: Rs 15,000
Personal Loan for Home Renovation
- Age: Minimum- 24 years & Maximum- 65 years (at the time of loan maturity)
- Minimum monthly income: Rs 20,000
- Minimum work experience: 2 years
- For entrepreneurs: Minimum 3 years experience in the current field
Personal Loan for Government Employees
- Age: 22- 58 years
- Minimum monthly income: Rs 15,000
- Work experience: At least 1 year
- Other criteria: CIBIL Score, job stability
Personal Loan For Salaried Employees
- Age: 22- 58 years
- Loan Minimum work experience: 1 year
- Minimum monthly income: Rs 15,000
- Credit score: Minimum 750 or above
- Should have repaid the previous debts on time
Personal Loan for Women
- Minimum work experience: 1 year
- Age: 22- 58 years
- Minimum monthly income: Rs 15,000
Know more about personal loan eligibility set by various banks and NBFCs
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Documentation Required for Tata Capital Personal Loan
- Photo ID Proofs: Copy of voter ID, Aadhaar card, driving license, passport
- Income Proofs: Bank statement copy for last 6 months
- Salary Slips: Copy of salary slips for last 3 months
- Address Proof: Passport/electricity bill/ration card copies
- Employment Certificate: Certificate showing continuous employment of 1 year
Additional Documents for Tata Personal Loan for Education
- Admission letter issued by the school/college
- Mark sheet and certificates of 10th std. (attested)
- Documents for studying abroad such as entry permit, admission letter, I-20 Form from the institute, the contract
- ITR of parent/guarantor
- Essential documents issued by school/college/institute including fees breakup, prospectus, etc.
- Details of the employment like resignation letter, resignation acceptance, study leave sanction letter
- Property documents in case of an immovable property offered as security
For Self-employed Women
- Photo Id proofs
- Income proofs
- Address Proofs
Tata Capital Personal Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
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FAQs on TATA Capital Personal Loan
How to apply for personal loan through Tata Capital?
Ans. Individuals can apply for Tata Capital Personal Loan directly through the official website of Tata Capital. They can also visit any branch of Tata Capital branch or contact the customer care to apply for Tata Capital Personal Loan.
What is the minimum salary requirement for Tata Capital Personal Loan?
Ans. Individuals having a minimum monthly income of Rs 15,000 are eligible for availing Tata Capital Personal Loan.
How to close Tata Capital Personal Loan?
Ans. Personal Loan borrowers can prepay the outstanding loan amount and close the Tata Capital Personal Loan. However, borrowers of Tata Capital Personal Loan can foreclose their personal loan account only after 12 months from the date of first disbursement.
How to track Tata Capital Personal Loan?
Ans. Applicants can click on the “Track your application today” option on the personal loan page of the official website of Tata Capital and enter their registered mobile number. They can fill in the OTP sent on their mobile number and track their application.
How to pay Tata Capital Personal Loan EMIs online?
Ans. Applicants can pay Tata Capital Personal Loan EMIs online through the official website of Tata Capital or mobile anytime, anywhere. They can use internet banking/UPI facility/Debit card to pay the overdue EMIs on Tata Capital Personal Loans.