Tata Capital Personal Loan Apply, Interest Rate 2024

Tata Capital Personal Loan Apply, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.

If you want to take advantage of Tata Capital personal loan then this article is for you. In this article, we will know what is Tata Capital personal loan, how much loan amount we can get personal loan from Tata Capital , how much interest rate we have to pay on this loan, eligibility for this loan, what are the documents etc. That’s why you are requested to read this article till the end.

Tata Capital Personal Loan

Before taking a personal loan, it is important to know what is a personal loan and for what reasons we can take a Tata Capital personal loan. When we take a loan for any of our personal expenses such as marriage, education, buying or repairing a house, medical expenses etc., it is a personal loan.

The biggest feature of a personal loan is that in this you do not have to tell the bank any reason why you are going to use this loan amount. Anywhere you want with Instant Personal Loan funds Tata Capital Personal Loan is an unsecured loan . While taking this loan, the bank does not have to give you any collateral or security. The bank gives this loan to you on its own risk.

But you will get Tata Capital Personal Loan only when your CIBIL score is good. If your CIBIL score is bad then you will not get this loan. The loan amount is given to you on the basis of your CIBIL score.

Tata Capital Personal Loan Overview

• Loan Name : Tata Capital Personal Loan 2024
• Lending Institution Name : Tata Capital
• Loan amount: up to Rs 25 lakh
• Interest Rate : Starting from 10.99%
• Processing Fee : 2.75% of the loan amount + GST
• Official Website : tatacapital.com

Tata Capital Personal Loan Amount

Now let’s talk about how much personal loan you can take from Tata Capital. Any individual can take a personal loan from Tata Capital from Rs 75,000 to Rs 25,00,000.

Tata capital personal loan interest rate 2023

Tata Capital Personal Loan interest rate starts from 10.99%. The interest rate of Tata Capital Personal Loan depends on your personal loan eligibility, income, CIBIL score and other criteria. The better your CIBIL score, you can get personal loan at lower interest rate.

Before taking a personal loan, we need to know about Personal Loan Interest Rate 2024 . If we apply for that loan without knowing the interest rate of the loan, then we may have to face problems at the time of repayment of the loan.

Loan Tenure for Tata Capital Personal Loan

The more time you get to repay the loan, the lower will be the EMI of your loan. Tata capital gives you 12 months to 72 months to repay the personal loan, which other banks will not give you that much time. Usually 12 months to 60 months are given to repay the personal loan in all the banks but Tata Capital gives you a maximum time of 72 months.

Personal Loan Fees & Charges

Before taking a personal loan from Tata Capital, you should know that how much Fees & Charges you have to pay on personal loan. Below we are giving you information about the Fees & Charges applicable on this personal loan, you can see it:

Processing fee: Processing fee can be charged from Tata Capital up to 2.75% of the loan amount + GST . If your loan is not approved then this processing fee is given back to you.

Penal interest / extra interest (Penal interest / additional interest): Penal interest is the rate of interest that is charged to you on the delay of monthly installments. Tata Capital charges you the delayed installment payment. You have to make this payment at 3% + GST ​​on overdue amount per month.

Foreclosure and pre-payment/part-payment charges : If you pay off your loan in part or full ahead of time, then it is called foreclosure fee. Tata Capital does not charge any foreclosure charges on loans with floating interest rates.

But in some cases you are charged foreclosure fee which you can understand from the table given below:

part payment fee	This bank does not allow you to make partial payment before 6 months.Part prepayment is allowed once per year and the minimum interval between two partial prepayments should be six months. A maximum of 50% ofthe outstanding principal is allowed as part prepayment during a year. A partial prepayment fee of 2.5% + applicable taxes will be applicable on the amount in excess of 25% of the principal outstanding.
foreclosure charges	4.5% of principal outstanding at the time of foreclosure + GST
Foreclosure charges for top-up	2.50% + GST ​​on the outstanding principal at the time of foreclosure
Foreclosure charges on term loan facility	4.5% + GST ​​on the outstanding principal at the time of foreclosure
foreclosure letter fee	Soft Copy – Nil   Branch Walk-in Rs.199 + GST

Apart from this, other charges are also charged from you on this personal loan, which you can see in the table given below:

bounce fee	Rs.600 each cheque/payment instrument dishonored + GST
Mandate Rejection Service Fee	₹450 + GST
CCOD Annual Maintenance Fee	0.25% + GST ​​or ₹ 1000 on dropline amount
external storage fee	Rs.100 + GST ​​per repayment period
statement of accounts	Soft Copy – Nil Branch Walk In – Rs.250 + GST
loan cancellation fee	2% of the loan amount or Rs 5,750, whichever is higher + GST
instrument swap fee	Rs.550 + GST
duplicate repayment schedule	Soft Copy – Nil Branch Walk In – Rs.550 + GST
duplicate NOC	Rs.550 + GST
post dated check charges	Rs.850 + GST

Benefits and features of Tata Capital personal loan

• One can take a personal loan from Tata Capital for weddings, education, travel, medical or any other general purposes.
• Any salaried person, student, retired person can apply for Tata Capital Personal Loan.
• You do not need to provide any security, collateral or guarantor to take personal loan from Tata Capital.
• If you are one of the existing customers of Tata Capital, then you can get Tata Capital Personal Loan at lower interest rate and less documents.
• You can apply for Tata Capital Personal Loan in any major city of India including Mumbai, Pune, Bangalore, Chennai, Noida, New Delhi and Vizag.
• You can take a personal loan from Tata Capital up to Rs.75,000 to Rs.25,00,000.
• You can repay this personal loan in 12 months to 72 months.
• The interest rate of Tata Capital personal loan starts from 10.99% p.a.
• You can choose the option of lower or higher EMI in the initial months and lower or higher EMI in the subsequent months depending on your income.
• If you are applying for Tata Capital Personal Loan then your CIBIL score should be very good. If your CIBIL score is low then it does not mean that you cannot take a personal loan from Tata Capital as the sanction of personal loan depends on your repayment capacity.
• Tata Capital allows you to transfer personal loan to Tata Capital.
• Once you avail Tata Capital personal loan and your loan is approved after the completion of the verification process, the loan amount is transferred to your account by the bank in at least 72 hours.
• You can apply for Tata Capital’s personal loan both online and offline.
• On this personal loan, you have to pay 2.75% + GST ​​of the loan amount.
• You can apply for Tata Capital personal loan if you are a salaried person and self employed or a student.

Types of Tata Capital Personal Loan

Tata Capital offers you various types of personal loans. You can check Tata Capital’s Personal Loan here:

• travel loan
• medical loan
• marriage loan
• education loan
• home renovation loan

Tata capital personal loan Documents Required

• Photo Identity Proof (Voter ID / Passport / Driving License / Aadhar Card)
• Income proof (a copy of your bank statement for the last six months)
• Salary slip (a copy of your salary slip for the last three months)
• Residence Certificate (A copy of your Ration Card / Electricity Bill / Passport)
• Employment Certificate (Certificate of one year continuous employment)

Tata capital personal loan eligibility

If you want to apply for Tata Capital Personal Loan then you must have the following eligibility. If you fulfill all the conditions of Tata Capital, then your loan is approved in a very short time. The eligibility is as follows:

Personal Loan Eligibility for Salaried Individuals:

• Age should be between 22 to 58 years
• Minimum monthly income should be ₹ 15,000
• Minimum one year work experience

Personal Loan Eligibility for Self Employed Individuals:

• Monthly income of at least ₹ 15,000
• Age should be between 22 to 58 years
• At least one year work experience

How to Apply Tata Capital Personal Loan?

You can apply for Tata Capital personal loan both online and offline. Both the process of applying have been told to you here:

How to apply for personal loan online:-

First of all let us talk about how we can apply online. To apply online follow the steps given below:

• First of all, you have to visit the official website of Tata Capital, tatacapital.com.
• The option of personal loan will appear on the home page of the website, click on it.
• After clicking, a new page will open.
• After coming to the new page, all the information related to personal loan will come in front of you.
• On this page you will see the option of Apply Now, click on it.
• A form will open in front of you. In this form, you have to enter the requested information correctly and submit the form.
• After that the bank officials will contact you.
• Your documents will be verified and if you fulfill all the conditions of the bank then your loan will be approved.

How to apply offline:-

If you do not want to apply online then you can apply offline. To apply offline, follow the steps given below:

• To apply offline, you have to first go to your nearest bank branch.
• After going to the bank, the bank official will have to tell you that you want to apply for personal loan.
• Bank official will provide you all the information related to personal loan.
• After that, based on your documents and your CIBIL score, it will tell you how much loan amount you can get.
• If you have all the eligibility then the loan process is carried forward.
• After that you are given a form in which you have to enter all the requested information correctly.
• After that the form has to be submitted in the bank.
• After all the loan processing is done, the loan amount is transferred to your account.

Tata capital personal loan EMI calculator

Now let’s talk about EMI calculator on this loan. You can calculate EMI for how much monthly installment (EMI) you will have to make on taking this loan. The monthly installments offered by you depend on the tenure of the loan, the loan amount and the interest rate. You can calculate EMI from the table given below:

Loan Amount (Rs.)	interest rate (per annum)	loan tenure	Monthly EMI Payment (₹)
1 Lac	10.99%	1 year 2 years 3 years 4 years 5 years 6 years	8,838 4,660 3,273 2,584 2,174 1,903
2 lakh	11%	1 year 2 years 3 years 4 years 5 years 6 years	17,6769 9,322 6,548 5,169 4,348 3,807
5 lakh	11.50%	1 year 2 years 3 years 4 years 5 years 6 years	44,308 23,420 16,488 13,045 10,996 9,646
10 lakh	12%	1 year 2 years 3 years 4 years 5 years 6 years	88,849 47,073 33,214 26,334 22,244 19,550

Compare Tata Capital Personal Loan with other Personal Loan

description	Tata Capital	Punjab National Bank	HDFC Bank	axis Bank	ICICI Bank	Bajaj Finserv
Rate of interest	Starting from 10.99%	Starting at 8.95%	10.75% to 21.50%	12% to 24%	Starting from 10.50%	Starting from 13% p.a.
loan tenure	72 months	12 to 60 months	12 to 60 months	12 to 60 months	12 to 60 months	12 to 60 months
loan amount	25 lakh rupees	up to 15 lakhs	up to 40 lakhs	up to 15 lakhs	20 lakh rupees	up to Rs 25 lakh
processing fee	2.75% of loan amount + GST	1.80% of loan amount+tax	2.50% of the loan amount	2% of loan amount + GST	Up to 2.25% of the loan amount + GST	Up to 4.13% of the loan amount

Tata capital personal loan customer care number

If you are facing any problem while availing the loan then you can call on Tata Capital Personal Loan customer care number to get more details. You can find the customer care number here:

• Toll Free Number- 1860 267 6060 ( Between 9 AM to 8 PM Monday to Saturday )
• Email ID – [email protected] / [email protected]

Conclusion:

Friends, in this article I have given you How to Get Tata Capital personal loan? Provided complete information about Hope you find this article informative. If you want to get any kind of other information about this personal loan, then you can contact on its helpline number. If you liked this article then please share it with your friends.

FAQs Tata Capital Personal Loan