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Compare Tata Capital vs HDFC Bank Personal Loan

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Bank
Interest Rate
Interest Rate
10.49% - 17.99%
11.00% - 22.00%
Processing Fees
Processing Fees
Upto 2.50% of Loan Amount
Upto 2.50% Min ₹ 999
Loan Amount
Loan Amount
₹ 75,000 to ₹ 25 Lakh
₹ 50,000 to ₹ 75 Lakh
Loan Tenure
Loan Tenure
12 to 72 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,877
₹ 2,174
Part Payment Charges
Part Payment Charges
Allowed after 6 months at Nil prepayment charges
Allowed after 12 months at 2-4%
Foreclosure Charges
Foreclosure Charges
Allowed after 6 months at Rs. 1,000 to Rs. 5,000
Allowed after 12 months at 2 - 4%
Eligible Age
Eligible Age
21 to 58 Years
21 to 60 Years
Minimum Income
Minimum Income
₹ 20,000
₹ 25,000
Current Work Experience
Current Work Experience
3 Months
1 Month
Total Work Experience
Total Work Experience
24 Months
1 Month
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.6/5.0
4.5/5.0
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Compare Personal Loan EMI of Tata Capital and HDFC Bank

Loan Amount Tata Capital HDFC Bank
₹ 1 Lakh ₹ 1,877 ₹ 2,174
₹ 5 Lakh ₹ 9,387 ₹ 10,871
₹ 10 Lakh ₹ 18,774 ₹ 21,742
₹ 12 Lakh ₹ 22,529 ₹ 26,091

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

Tata Capital offers lower Personal Loan EMI at Rs. 1877 for 72 Months compared to HDFC Bank with a minimum EMI of Rs. 2174 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 HDFC Bank Personal Loan?

It is important to make a detailed comparison of Tata Capital and HDFC 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 HDFC Bank at 11.00%. Hence, Tata Capital 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 HDFC Bank charges a processing fee of Upto Upto 2.50% Min ₹ 999.
  • HDFC Bank offers Personal Loan upto an amount of ₹ 75 Lakh, while Tata Capital offers Loan upto an amount of ₹ 25 Lakh. Therefore, HDFC 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. Tata Capital gives the option to close the loan after 6 months at Rs. 1,000 to Rs. 5,000 and HDFC Bank gives the option to close the loan after 12 months at 2 - 4%. This makes Tata Capital a better option for Personal Loan.
  • HDFC Bank and Tata Capital allow part payment on Personal Loan after 12 months at 2-4%. HDFC Bank applies a charge of 2-4% and Tata Capital charges Nil charges on Personal Loan.
  • Tata Capital has an average customer rating of 4.6. In contrast, HDFC 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 – Tata Capital or HDFC Bank?

As per the current rates, Tata Capital offers a lower interest rate of 10.49% on loans compared to HDFC Bank, which offers a Personal Loan at 11.00%.

Know more about Tata Capital Personal Loan

Know more about HDFC 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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