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Tata Capital Personal Loan Calculator

Tata Capital Personal Loan EMI Calculator, Jul 2021

Last Updated 19th Jun 2021

  • Personal loan EMI in Tata Capital depends upon loan amount, loan tenure, interest rate, monthly salary and company that you work for.
  • Tata Capital Personal Loan EMI Calculator is an online tool to estimate monthly EMI and its division into principal and Interest during the entire loan tenure.
  • Lowest monthly EMI is ₹ 1,877 per lakh on Tata Capital Bank personal loan as calculated using the lowest interest rate of 10.49% for the longest tenure of 72 months.
  • For example, the table below gives the EMIs on Tata Capital Personal Loan at different loan amounts and loan tenure, if taken at the lowest rate.
Loan Amount1 Year Loan3 Year loan6 Year loan
₹ 1 Lakh₹ 8,814₹ 3,250₹ 1,877
₹ 5 Lakh₹ 44,072₹ 16,249₹ 9,387
₹ 10 Lakh₹ 88,144₹ 32,498₹ 18,774

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Personal Loan EMI Calculator Tata Capital

Tata Capital Personal Loan EMI is a fixed amount of money paid by you to Tata Capital based on your loan amount, tenure and interest rate. Every month, it is due on a fixed day of the month till the loan is fully paid back. You can calculate your Tata Capital personal loan EMI in advance, to plan your loan payments and further expenses, using the Personal Loan EMI Calculator Tata Capital. The calculator functions on a mathematical algorithm and gives accurate results in no time.

Why should you use Tata Capital Personal Loan EMI Calculator?

  • Calculate the EMI within your budget: Helps you compare the EMIs with a different loan amount and tenure. Always talk to the bank to know the interest rate you will be eligible for Tata Capital personal loan which can range between 10.49% to 17.99%.
  • Compare Tata Capital personal Loan EMI: Helps you compare the estimated EMI on a personal loan from Tata Capital with that of leading banks in India using the same loan amount of upto ₹ 25 Lakh for a maximum tenure of 72 months, but at different interest rates.
  • Calculate interest on Tata Capital personal loan: You can calculate the split of total EMIs into interest and principal repayment on your loan from Tata Capital over the loan tenure.
  • Detailed amortisation schedule: This allows you to see the pace at which your principal amount will be repaid during the loan tenure month on month. This is helpful if you decide to prepay your loan at Tata Capital or balance transfer to another bank.

Tata Capital Personal Loan EMI Calculator to Estimate the EMI that Fits your Budget

Input different loan amounts and tenure at the eligible interest rate on Tata Capital Personal Loan EMI calculator to calculate various EMIs at different rates and tenure. The table captures the calculation of Tata Capital Personal Loan EMI Calculation at the various combinations of loan amount and years when taking at the lowest rate of 10.49%. So if you think that you can afford to pay an EMI of ₹ 10,000 in your budget, taking a ₹ 3 Lakh loan for 3 years or ₹ 5 Lakh loan for 5 years, maybe the right Tata Capital personal loan plan for you.Personal Loan EMI is calculated for Tata Capital for different loan amounts and tenures at the rate of 10.49%.

Loan Amount (Rs.)2 Years3 Years6 Years
1 Lakh ₹ 4,637 ₹ 3,250 ₹ 1,877
3 Lakh ₹ 13,911 ₹ 9,749 ₹ 5,632
5 Lakh ₹ 23,186 ₹ 16,249 ₹ 9,387
10 Lakh ₹ 46,371 ₹ 32,498 ₹ 18,774

Factors Affecting Tata Capital Personal Loan EMI

  • Loan amount – You will pay a higher EMI for the higher loan amount. Tata Capital gives a minimum loan of ₹ 75,000 and a maximum loan amount of ₹ 25 Lakh.
  • Interest rate - Higher interest rate increases your loan EMI as well as the total cost of the loan. Tata Capital personal loan interest rate for salary account holders can be lower than their quote rates, which can reduce the overall cost of loan and EMI. Lowest interest rate offered by Tata Capital is 10.49%. However, it is advisable to do complete market research and compare rates online before you apply for a loan.
  • Loan tenure – This is the period over which you can repay your loan in Tata Capital. So, your EMI will be lower if you take a 72months loan from Tata Capital as compared to a loan taken for 12months. The logic being that if you get a longer period to repay, you can repay in a smaller instalment.

Comparison of Tata Capital Personal Loan EMI with other Banks

Bank Name Interest Rate Loan Amount of ₹ 1 Lakh Loan Amount of ₹ 5 Lakh Loan Amount of ₹ 10 Lakh
Tata Capital10.49% ₹ 8,814 ₹ 44,072 ₹ 88,144
Axis Bank 10.49% ₹ 8,814 ₹ 44,072 ₹ 88,144
IndusInd Bank 10.49% ₹ 8,814 ₹ 44,072 ₹ 88,144
IDFC First Bank 10.49% ₹ 8,814 ₹ 44,072 ₹ 88,144
Federal Bank 10.49% ₹ 8,814 ₹ 44,072 ₹ 88,144

Tata Capital Personal Loan Amortization Calculator

Tata Capital Personal Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. Tata Capital gives you a detailed amortisation schedule with the sanction letter and you can calculate the total interest outgo as well as the pace at which your loan amount will be repaid during the loan tenure.

How to read an amortization schedule

Suppose if you take a Personal Loan of ₹ 3 Lakh for 5 years from Tata Capital at an interest rate of 10.49%. EMI calculated for this loan amount is ₹ 6,447 and the total annual EMIs to be paid annually is ₹ 77,360. The EMI schedule of loan for 5 years is explained below in the table –

Amortization Schedule for a Personal Loan of ₹ 3 Lakh over the 5 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 15,228 ₹ 23,452 ₹ 38,680 ₹ 2,76,548
2022 ₹ 26,616 ₹ 50,744 ₹ 77,360 ₹ 2,25,803
2023 ₹ 21,030 ₹ 56,331 ₹ 77,360 ₹ 1,69,473
2024 ₹ 14,828 ₹ 62,532 ₹ 77,360 ₹ 1,06,940
2025 ₹ 7,943 ₹ 69,417 ₹ 77,360 ₹ 37,524
2026 ₹ 1,156 ₹ 37,524 ₹ 38,680 -₹ 0

In the above illustration, on a Tata Capital Personal Loan of₹ 3 Lakh, taken at the lowest interest rate of 10.49, EMI paid is ₹ 6,447 and an annual total of EMIs is ₹ 77,360, the interest component is ₹ 29,198 while the principal component is ₹ 48,162 in year 1 of loan disbursement. You repay only 16.05% of the total principal after paying 12 EMIs during the first year.

Tata Capital Personal Loan Interest Calculator Formula

Tata Capital calculates personal loan EMI based on the following formula

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how Tata Capital Personal Loan EMI is calculated:

In the above formula,

P = Loan amount.Tata Capital personal loan amount can range from ₹ 75,000 to ₹ 25 Lakh.

r = Rate of interest per month. The current Tata Capital Personal Loan rate is 10.49%.
n = Tenure in month. This can range up to 72months in case of Tata Capital.

How to use Tata Capital Personal Loan EMI Calculator

  • Tata Capital personal loan calculator are online tool which give out EMI calculations using a combination of loan amount, interest rate and loan tenure.
  • Tata Capital EMI calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears meaning interest is charged for the month preceding the EMI payment date and not in advance.

Tata Capital Personal Loan EMI for ₹ 1 Lakh

The following table shows Tata Capital Personal Loan EMI for ₹ 1,00,000 for different tenures at an interest rate of 10.49%

Loan AmountInterest RateTenure(Year)EMI
₹ 1,00,00010.49% 1₹ 8,814
₹ 1,00,00010.49% 2₹ 4,637
₹ 1,00,00010.49% 3₹ 3,250
₹ 1,00,00010.49% 4₹ 2,560
₹ 1,00,00010.49% 5₹ 2,149

Tata Capital Personal Loan EMI for ₹ 3 Lakh

The following table shows Tata Capital Personal Loan EMI for ₹ 3,00,000 for different tenures at an interest rate of 10.49%.

Loan AmountInterest RateTenure(Year)EMI
₹ 3,00,00010.49% 1₹ 26,443
₹ 3,00,00010.49% 2₹ 13,911
₹ 3,00,00010.49% 3₹ 9,749
₹ 3,00,00010.49% 4₹ 7,680
₹ 3,00,00010.49% 5₹ 6,447

Tata Capital Personal Loan EMI for ₹ 5 Lakh

The following table shows Tata Capital Personal Loan EMI for ₹ 5,00,000 for different tenures at an interest rate of 10.49%.

Loan AmountInterest RateTenure(Year)EMI
₹ 5,00,00010.49% 1₹ 44,072
₹ 5,00,00010.49% 2₹ 23,186
₹ 5,00,00010.49% 3₹ 16,249
₹ 5,00,00010.49% 4₹ 12,799
₹ 5,00,00010.49% 5₹ 10,744

Tata Capital Personal Loan EMI for ₹ 10 Lakh

The following table shows Tata Capital Personal Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 10.49%.

Loan AmountInterest RateTenure(Year)EMI
₹ 10,00,00010.49% 1₹ 88,144
₹ 10,00,00010.49% 2₹ 46,371
₹ 10,00,00010.49% 3₹ 32,498
₹ 10,00,00010.49% 4₹ 25,599
₹ 10,00,00010.49% 5₹ 21,489

How to Pay Tata Capital Personal Loan EMI?

There are various online & offline methods to pay your Tata Capital Personal Loan EMI. To repay your Tata Capital EMI online, you can log in to your net banking account or else you can also use the mobile banking of Tata Capital. Tata Capital also allows you to pay EMI through ECI or standing instructions or a cheque facility by visiting the nearest Tata Capital branch.

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FAQs

Why should I calculate Tata Capital loan EMI before taking a loan?

It is advised to calculate personal loan EMI in advance before taking a personal loan. There are several benefits of calculating your Tata Capital personal loan EMI as discussed below -

  • In case EMI comes out to be more than your monthly budget, then you have the chance to apply for a lower loan amount that fits your monthly budget and makes EMI easily affordable
  • If you already know the EMI you have to pay each month, then you can plan your expenses accordingly
  • Based on the EMI amount, you can opt for making prepayment of your personal loan in future when you have a surplus amount

What is the lowest EMI per lakh offered by Tata Capital on a personal loan?

Tata Capital offers a personal loan at a 10.49% interest rate for a maximum of 72 months, and hence lowest EMI per lakh loan amount is ₹ 1,877. However, Tata Capital may offer a lower interest rate and EMI for their salary account holders or existing bank customers can vary.

How can I pre-close Tata Capital personal loan?

You can pre-close your Tata Capital personal loan by visiting the branch with the required set of documents. Submit the form of preclosure, pay the amount and take the acknowledgement of the balance amount that you have paid.

What are the prepayment charges on Tata Capital ?

Tata Capital offers you an option of prepayment after 6 months at Rs. 1,000 to Rs. 5,000.You have to pay these charges if you decide to pay the loan amount before the due date.

Is there any processing charge on a personal loan from Tata Capital?

Yes, Tata Capital charges a certain amount of processing fee to process your loan application. Currently, Tata Capital charges a processing fee of Upto 2.50% of Loan Amount on a Personal Loan.

Will I get a personal loan from Tata Capital if I have a bad credit score?

No, for taking a loan from Tata Capital, you must have a good credit score of 700 and above. Usually, most banks avoid giving loans if you have a low credit score.Also, availing a personal loan at low cibil score might fetch you a high Tata Capital personal loan rate.

What is the EMI for a₹ 20 Lakh personal loan in Tata Capital Bank?

At the current rate of 10.49%, EMI on Tata Capital personal loan for loan amount ₹ 20 Lakh varies based on the loan tenure. For instance, for 2 year, 3 year and 6 years, EMI is ₹ 2,13,250, ₹ 2,25,051 and ₹ 2,62,397 respectively.

Can I have a co-applicant while applying for a Personal loan with Tata Capital ?

Yes, you can opt for a co-applicant to take a personal loan from Tata Capital that will increase your loan eligiblity as the income of the co-applicant is also taken into account.

Can we pay more than EMI in Tata Capital personal loan?

If you have funds, then you can pay more than the regular EMI on your Tata Capital Personal Loan. This will reduce your interest burden along with the outstanding principal. You can also pay one additional EMI every year to reduce loan tenure and in turn interest amount.

How can I pay my Tata Capital loan EMI?

You can pay the Tata Capital personal Loan EMI by using the ECS facility or standing instruction. You can also visit the branch and submit the EMI cheque or can opt for automated deductions from your salary account.

Compare Personal Loan EMI of All Banks

Tata Capital Personal Loan Customer Care Number, Email, Application Status, Branches
City Customer Care Number
Agra 1800-209-6060
Ahmedabad 1800-209-6060
Ambala 1800-209-6060
Anand 1800-209-6060
Aurangabad Bihar 1800-209-6060
Bangalore 1800-209-6060
Bhilai 1800-209-6060
Bhilwara 1800-209-6060
Bhiwadi 1800-209-6060
Bhopal 1800-209-6060
Bhubaneswar Cuttack 1800-209-6060
Bikaner 1800-209-6060
Chandigarh 1800-209-6060
Chennai 1800-209-6060
Cochin 1800-209-6060
Coimbatore 1800-209-6060
Dehradun 1800-209-6060
Delhi 1800-209-6060
Durg 1800-209-6060
Faridabad 1800-209-6060
Gandhinagar 1800-209-6060
Ghaziabad 1800-209-6060
Goa 1800-209-6060
Greater Noida 1800-209-6060
Gurgaon 1800-209-6060
Guwahati 1800-209-6060
Gwalior 1800-209-6060
Hyderabad 1800-209-6060
Indore 1800-209-6060
Jabalpur 1800-209-6060
Jaipur 1800-209-6060
Jalandhar 1800-209-6060
Jodhpur 1800-209-6060
Kanpur 1800-209-6060
Karnal 1800-209-6060
Kolhapur 1800-209-6060
Kolkata 1800-209-6060
Kota 1800-209-6060
Kozhikode 1800-209-6060
Lucknow 1800-209-6060
Ludhiana 1800-209-6060
Madurai 1800-209-6060
Meerut 1800-209-6060
Mehsana 1800-209-6060
Mohali Sas Nagar 1800-209-6060
Mumbai 1800-209-6060
Mussoorie 1800-209-6060
Nagpur 1800-209-6060
Nashik 1800-209-6060
Noida 1800-209-6060
Noida Extn 1800-209-6060
Panipat 1800-209-6060
Patna 1800-209-6060
Pondicherry 1800-209-6060
Pune 1800-209-6060
Raipur 1800-209-6060
Rajkot 1800-209-6060
Ranchi 1800-209-6060
Rohtak 1800-209-6060
Roorkee 1800-209-6060
Salem 1800-209-6060
Shimla 1800-209-6060
Sonipat 1800-209-6060
Surat 1800-209-6060
Trichy 1800-209-6060
Udaipur 1800-209-6060
Vadodara 1800-209-6060
Varanasi 1800-209-6060
Vijaywada 1800-209-6060
Vizag 1800-209-6060

Tata Capital Personal Loan Reviews 4.6/5  by 43 customers
MyLoanCare Service
4.7/5.0
Banks Service
4.5/5.0
Kartick Mondal, Bangalore
Reviewed on 27th Aug 2019
5 / 5 stars
Tata Capital Personal Loan Availed in Aug 2019

Service is too good..Keep it up guys.Read more...

Harish Nagaraj, Bangalore
Reviewed on 21st Aug 2019
4 / 5 stars
Tata Capital Personal Loan Availed in Aug 2019

Good Service by Chinmoy, responded and connected with bank to clear all my doubts.Read more...

Keshav Kumar, Bangalore
Reviewed on 16th Aug 2019
5 / 5 stars
Tata Capital Personal Loan Availed in Aug 2019

Awesome. You people are amazing. Helped me in tough situation.Read more...

Harish Vs, Bangalore
Reviewed on 06th Aug 2019
5 / 5 stars
Tata Capital Personal Loan Availed in Aug 2019

I had contacted bank bazaar before contacting MyLoanCare. But the response was worst from them. RubiRead more...

Mithun Madhusoodhana, Bangalore
Reviewed on 22nd Jul 2019
5 / 5 stars
Tata Capital Personal Loan Availed in Jul 2019

Excellent offers for loans with minimum interest rate as compared to other banks.Read more...

Sunil Kumar, Bangalore
Reviewed on 24th Jun 2019
5 / 5 stars
Tata Capital Personal Loan Availed in Jun 2019

Very supportive customer service provided. There was a good resolution.Read more...

Haritha Bommavarapu, Hyderabad
Reviewed on 20th Jun 2019
5 / 5 stars
Tata Capital Personal Loan Availed in Jun 2019

Good and speedy service by MyLoanCare team I appreciate the service.Read more...

Bhushan Nitin Gaikar, Mumbai
Reviewed on 16th Jun 2019
5 / 5 stars
Tata Capital Personal Loan Availed in Jun 2019

Overall experience was awesome. Mr Raj Kumar helped me a lot for sanctioning loan.Read more...

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Tata Capital Personal Loan News - Jul 2021
  • 2021-02-23 : Tata Capital launched a campaign to introduce Shubharambh loan
    Tata Capital joined hands with Zee Cinema to launch a campaign to introduce the Shubharambh loan. Shubharambh Loans are available across Business, Personal Two-wheeler, Used Car, Loan Against Property and Home Loans. Each product has special features that aims to benefit customers across categories.
  • 2019-08-14 : Tata Capital Fin Services eyes 20% growth in loan book this fiscal
    A subsidiary of Tata Capital, Tata Capital Financial Services is eyeing for more than 20% growth in its overall loan book this fiscal. The company is also aiming to raise debts through NCD to fund its growth.
  • 2019-05-24 : Thomas Cook launches Holiday Basket package in association with Bajaj Finance and Tata Capital
    One of the leading travel services company, Thomas Cook has partnered with Bajaj Finance and Tata Capital to offer travel loans to Indian travellers and millennials with a facility of no cost EMI. With this plan, the company aims to help travellers to travel without worrying about their current finance.
  • 2019-02-25 : Thomas cook ties up with Bajaj Finserv and Tata Capital for Travel loans EMI Scheme
    In a bid to provide offer convenience and benefits to their customers while travelling, Thomas cook has announced its association with Bajaj Finserv and Tata Capital for Travel loans EMI scheme for avid travellers. As per the sources, it has been witnessed that how travel enthusiasts are smartly making use of travel loans along with an EMI option to explore new destinations. In addition to this, the company also has plans to offer a travel savings product which allows the customer to fix the price ahead of the travel and save some specific amount.
  • 2019-02-14 : Tata Capital to disburse Personal Loans using Voice-bot TIA
    Tata Capital has announced the launch of its voice bot, TIA that will assist loan borrowers to avail personal loans without human intervention. The voice-enabled bot assists a person seeking a loan right from the initial stage of the loan process until the final disbursement of the loan. Additionally, it also checks your loan eligibility to assess whether the person can get loans from Tata Capital or not.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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