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Compare ICICI Bank vs Tata Capital Personal Loan

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Bank
Interest Rate
Interest Rate
10.25% - 22.00%
10.49% - 17.99%
Processing Fees
Processing Fees
Upto 2.25% of Loan Amount
Upto 2.50% of Loan Amount
Loan Amount
Loan Amount
₹ 50,000 to ₹ 30 Lakh
₹ 75,000 to ₹ 25 Lakh
Loan Tenure
Loan Tenure
12 to 60 Months
12 to 72 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,137
₹ 1,877
Part Payment Charges
Part Payment Charges
Not Allowed
Allowed after 6 months at Nil prepayment charges
Foreclosure Charges
Foreclosure Charges
Allowed after 6 months at 5%
Allowed after 6 months at Rs. 1,000 to Rs. 5,000
Eligible Age
Eligible Age
23 to 58 Years
21 to 58 Years
Minimum Income
Minimum Income
₹ 25,000
₹ 20,000
Current Work Experience
Current Work Experience
12 Months
3 Months
Total Work Experience
Total Work Experience
24 Months
24 Months
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.5/5.0
4.6/5.0
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Compare Personal Loan EMI of ICICI Bank and Tata Capital

Loan Amount ICICI Bank Tata Capital
₹ 1 Lakh ₹ 2,137 ₹ 1,877
₹ 5 Lakh ₹ 10,685 ₹ 9,387
₹ 10 Lakh ₹ 21,370 ₹ 18,774
₹ 12 Lakh ₹ 25,644 ₹ 22,529

Which is a better bank for Personal Loan – ICICI Bank or Tata Capital?

Tata Capital offers lower Personal Loan EMI at Rs. 1877 for 72 Months compared to ICICI Bank with a minimum EMI of Rs. 2137 for 60 Months. In addition, average customer ratings for Tata Capital is currently at 4.6/5.0, making it a good choice for taking a Personal Loan.

How does ICICI Bank Personal Loan compare with Tata Capital Personal Loan?

It is important to make a detailed comparison of ICICI Bank and Tata Capital on all loan terms and conditions to understand their differences and make an informed decision. Keep in mind that each bank’s scheme has its pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:

  • Lowest Interest rate of ICICI Bank Loan is 10.25%, which is lower than the lowest interest rate of Tata Capital at 10.49%. Hence, ICICI Bank is offering a cheaper loan option.
  • Compared to other Personal Loan charges such as processing fees, ICICI Bank charges a processing fee of Upto 2.25% of Loan Amount, while Tata Capital charges a processing fee of Upto Upto 2.50% of Loan Amount.
  • ICICI Bank offers Personal Loan upto an amount of ₹ 30 Lakh, while Tata Capital offers Loan upto an amount of ₹ 25 Lakh. Therefore, ICICI Bank can be a better option if you are looking for a high value amount.
  • One feature that makes Personal Loan a better option is the foreclosure facility. ICICI Bank and Tata Capital gives the option to close the loan after 6 months at 5% and Rs. 1,000 to Rs. 5,000. This makes ICICI Bank a better option for Personal Loan.
  • Tata Capital allows part payment on Personal Loan after 6 months at Nil charges, while ICICI Bank does not offer a part payment facility. This makes Tata Capital a better option for instant loan requirements.
  • Tata Capital has an average customer rating of 4.6. In contrast, ICICI Bank has an average customer rating of 4.5, based on which it is clear that Tata Capital has a high customer service focus, an easy process and a quick turnaround.

Which bank offers a lower interest rate on Personal Loan – ICICI Bank or Tata Capital?

As per the current rates, ICICI Bank offers a lower interest rate of 10.25% on loans compared to Tata Capital, which offers a Personal Loan at 10.49%.

Know more about ICICI Bank Personal Loan

Know more about Tata Capital Personal Loan

Compare ICICI Bank Personal Loan With Other Banks

Compare Tata Capital Personal Loan With Other Banks

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Personal Loan News - Sep 2021
  • 2021-09-20 : PNB Introduces Festival Bonanza Offer
    Punjab National Bank (PNB) has introduced a festival bonanza offer under which they reduced home loan interest to 6.80%. Also, the lender has waived off processing fees and documentation charges on all retail loans like home loans, personal loans, car loans, gold loans, property loans. These charges are valid till December 31, 2021.
  • 2021-09-09 : Gold Loan Soars High in 12 Months
    In the last 12 months, gold loans and credit cards have seen significant growth. Gold loans outstanding has increased by 77.4% and personal loans have jumped by 11.2% till July 2021.
  • 2021-09-02 : Axis Bank Personal Loan Rates Changed
    The personal loan rates for Axis Bank have changed for new and BT offers. The Bank is now offering personal loans for new & BT cases starting at 10.25% & 10.49%, respectively.
  • 2021-09-02 : HDFC Bank offers Special Personal Loan
    HDFC Bank has launched a personal scheme for new, and BT offers at an attractive rate. The new personal loan rates are stating at 10.25%
  • 2021-09-01 : Mortgage lending has increased GDP by 11%
    National Housing Bank has informed that mortgage lending in India has increased India’s Gross Domestic Product (GDP) by 11%, an economy worth Rs 27 trillion. 65% of the loans are provided by banks and the rest 35% by NBFCs.
*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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