Compare Tata Capital vs Corporation Bank Personal Loan

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Bank	SBI HDFC Bank ICICI Bank Bajaj Finserv IDFC First Bank Axis Bank Tata Capital Fullerton India IndusInd Bank Kotak Bank RBL Bank IIFL HDB Financial Syndicate Bank Muthoot Union Bank of India Canara Bank Bank of Maharashtra Andhra Bank Allahabad Bank Federal Bank PNB Indian Overseas Bank Indian Bank IDBI Bank Bank of Baroda Standard Chartered Bank Yes Bank Karur Vysya Bank Cashe Axis Finance	SBI HDFC Bank ICICI Bank Bajaj Finserv IDFC First Bank Axis Bank Fullerton India IndusInd Bank Kotak Bank RBL Bank IIFL HDB Financial Corporation Bank Karur Vysya Bank Muthoot Yes Bank Union Bank of India Canara Bank Bank of Maharashtra Andhra Bank Allahabad Bank Federal Bank Standard Chartered Bank Syndicate Bank PNB Indian Overseas Bank Indian Bank IDBI Bank Bank of Baroda Cashe Axis Finance
Interest Rate	Interest Rate 10.49% - 17.99%	8.90% - 13.00%
Processing Fees	Processing Fees Upto 2.50% of Loan Amount	1.5%, Min Rs. 500
Loan Amount	Loan Amount ₹ 75,000 to ₹ 25 Lakh	₹ 1 Lakh to ₹ 2.50 Lakh
Loan Tenure	Loan Tenure 12 to 72 Months	12 to 36 Months
Lowest EMI Per Lakh	Lowest EMI Per Lakh ₹ 1,877	₹ 3,175
Part Payment Charges	Part Payment Charges Allowed after 6 months at Nil prepayment charges	Allowed after 0 months at Nil prepayment charges
Foreclosure Charges	Foreclosure Charges Allowed after 6 months at Rs. 1,000 to Rs. 5,000	Allowed after 0 months at Nil prepayment charges
Eligible Age	Eligible Age 21 to 58 Years	21 to 58 Years
Minimum Income	Minimum Income ₹ 20,000	₹ 20,000
Current Work Experience	Current Work Experience 3 Months	NA
Total Work Experience	Total Work Experience 24 Months	NA
Customer Ratings (Read Reviews)	Customer Ratings (Read Reviews) 4.6/5.0	4.6/5.0

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Compare Personal Loan EMI of Tata Capital and Corporation Bank

Loan Amount	Tata Capital	Corporation Bank
₹ 1 Lakh	₹ 1,877	₹ 3,175
₹ 5 Lakh	₹ 9,387	₹ 15,877
₹ 10 Lakh	₹ 18,774	₹ 31,753
₹ 12 Lakh	₹ 22,529	₹ 38,104

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

Tata Capital offers lower Personal Loan EMI at Rs. 1877 for 72 Months compared to Corporation Bank with a minimum EMI of Rs. 3175 for 36 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 Corporation Bank Personal Loan compare with Tata Capital Personal Loan?

It is important to make a detailed comparison of Corporation 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 Corporation Bank Loan is 8.90%, which is lower than the lowest interest rate of Tata Capital at 10.49%. Hence, Corporation Bank is offering a cheaper loan option.
Compared to other Personal Loan charges such as processing fees, Tata Capital charges a processing fee of Upto 2.50% of Loan Amount, while Corporation Bank charges a processing fee of Upto 1.5%, Min Rs. 500.
Tata Capital offers Personal Loan upto an amount of ₹ 25 Lakh, while Corporation Bank offers Loan upto an amount of ₹ 2.50 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. Corporation Bank gives the option to close the loan after Zero 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 Corporation Bank a better option for Personal Loan.
Corporation Bank and Tata Capital allow part payment on Personal Loan after Zero months at Nil charges. Corporation Bank applies a charge of Nil charges and Tata Capital charges Nil charges on Personal Loan.
Corporation Bank with an average customer rating of 4.6 is equally comparable to Tata Capital with an average customer rating of 4.6. Hence, the customer can expect the same kind of service levels from these banks.

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

As per the current rates, Corporation Bank offers a lower interest rate of 8.90% on loans compared to Tata Capital, which offers a Personal Loan at 10.49%.

Know more about Tata Capital Personal Loan

Know more about Corporation Bank Personal Loan

Compare Tata Capital Personal Loan With Other Banks

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Personal Loan News - Aug 2022

2022-08-09 : HDFC hikes MCRL by upto 10 bps on all loan tenures.
With the effect of the 50bps hike by RBI in key policy rates, private sector lender HDFC increased its marginal cost of funds-based lending rates on loans across all tenures by upto 10 basis points. The one-year MCLR will now be 8.10% compared to 8.00% previously.
2022-08-06 : SBI to offer personal loans of upto INR 35 lakhs via YONO.
With the help of Real-Time Xpress Credit (RTXC), SBI will now offer personal loans of upto INR 35 lakhs on YONO app. Customers can now apply for a personal loan on YONO app without having to fill out any documentation.
2022-07-22 : SBI hikes lending rates, loan EMIs to rise.
Increase in SBI’s Marginal Cost Lending Rates on loans by 10 basis points. The new lending rates will come into effect from 15th July 2022. For one year tenure, MCLR increased to 7.5% from the current 7.4%, and retail loans for cars, houses, or personal loans tend to go higher, affecting monthly loan installments.
2022-05-13 : Punjab National Bank Increases Personal Loan Rates
The bank has increased the rates by 40 basis points, and after the revision, the bank offers personal loans starting from 8.85% to 14.85%.
2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.

*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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