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Compare IDBI Bank vs Tata Capital Personal Loan

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Bank
Interest Rate
Interest Rate
12.00% - 13.50%
10.49% - 17.99%
Processing Fees
Processing Fees
1.00%
Upto 2.50% of Loan Amount
Loan Amount
Loan Amount
₹ 50,000 to ₹ 10 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
₹ 2,224
₹ 1,877
Part Payment Charges
Part Payment Charges
Allowed after 1 month at 2% of the outstanding loan amount + applicable taxes
Allowed after 6 months at Nil prepayment charges
Foreclosure Charges
Foreclosure Charges
Allowed after 1 month at Nil prepayment charges
Allowed after 6 months at Rs. 1,000 to Rs. 5,000
Eligible Age
Eligible Age
22 to 60 Years
21 to 58 Years
Minimum Income
Minimum Income
₹ 20,000
₹ 20,000
Current Work Experience
Current Work Experience
12 Months
3 Months
Total Work Experience
Total Work Experience
36 Months
24 Months
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.6/5.0
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Compare Personal Loan EMI of IDBI Bank and Tata Capital

Loan Amount IDBI Bank Tata Capital
₹ 1 Lakh ₹ 2,224 ₹ 1,877
₹ 5 Lakh ₹ 11,122 ₹ 9,387
₹ 10 Lakh ₹ 22,244 ₹ 18,774
₹ 12 Lakh ₹ 26,693 ₹ 22,529

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

Tata Capital offers lower Personal Loan EMI at Rs. 1877 for 72 Months compared to IDBI Bank with a minimum EMI of Rs. 2224 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 Tata Capital Personal Loan compare with IDBI Bank Personal Loan?

It is important to make a detailed comparison of Tata Capital and IDBI Bank 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 Tata Capital Loan is 10.49%, which is lower than the lowest interest rate of IDBI Bank at 12.00%. Hence, Tata Capital is offering a cheaper loan option.
  • Compared to other Personal Loan charges such as processing fees, IDBI Bank charges a processing fee of 1.00%, while Tata Capital charges a processing fee of Upto Upto 2.50% of Loan Amount.
  • Tata Capital offers Personal Loan upto an amount of ₹ 25 Lakh, while IDBI Bank offers Loan upto an amount of ₹ 10 Lakh. Therefore, Tata Capital 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. IDBI Bank gives the option to close the loan after 1 months at Nil prepayment charges and Tata Capital gives the option to close the loan after 6 months at Rs. 1,000 to Rs. 5,000. This makes IDBI Bank a better option for Personal Loan.
  • IDBI Bank and Tata Capital allow part payment on Personal Loan after 1 months at 2% of the outstanding loan amount + applicable taxes. IDBI Bank applies a charge of 2% of the outstanding loan amount + applicable taxes and Tata Capital charges Nil charges on Personal Loan.
  • Tata Capital has an average customer rating of 4.6. In contrast, has an average customer rating of , 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 – Tata Capital or IDBI Bank?

As per the current rates, Tata Capital offers a lower interest rate of 10.49% on loans compared to IDBI Bank, which offers a Personal Loan at 12.00%.

Know more about IDBI Bank Personal Loan

Know more about Tata Capital Personal Loan

Compare IDBI Bank Personal Loan With Other Banks

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Personal Loan News - Sep 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.
  • 2021-09-01 : Punjab National Bank introduces Festive Bonanza offer
    Punjab National Bank (PNB) has waived off processing fees and documentation charges on a Personal loan, Home loan, Gold loan and Vehicle loan. The lender is offering a home loan at 6.80%, personal loan at 8.95% and a car loan at 7.15%.
*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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