MyLoanCare is a FREE of cost service for borrowers

Get Voucher of Upto ₹1,000* on Personal Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare Tata Capital vs IndusInd Bank Personal Loan

Download Comparison
Bank
Interest Rate
Interest Rate
10.49% - 17.99%
10.49% - 20.00%
Processing Fees
Processing Fees
Upto 2.50% of Loan Amount
Min 0.75% to Max 1.75%
Loan Amount
Loan Amount
₹ 75,000 to ₹ 25 Lakh
₹ 50,000 to ₹ 25 Lakh
Loan Tenure
Loan Tenure
12 to 72 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,877
₹ 2,149
Part Payment Charges
Part Payment Charges
Allowed after 6 months at Nil prepayment charges
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 6 months at Rs. 1,000 to Rs. 5,000
Allowed after 12 months at 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
12 Months
Total Work Experience
Total Work Experience
24 Months
24 Months
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.6/5.0
4.5/5.0
Add Bank

Compare Personal Loan EMI of Tata Capital and IndusInd Bank

Loan Amount Tata Capital IndusInd Bank
₹ 1 Lakh ₹ 1,877 ₹ 2,149
₹ 5 Lakh ₹ 9,387 ₹ 10,744
₹ 10 Lakh ₹ 18,774 ₹ 21,489
₹ 12 Lakh ₹ 22,529 ₹ 25,787

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

Tata Capital offers lower Personal Loan EMI at Rs. 1877 for 72 Months compared to IndusInd Bank with a minimum EMI of Rs. 2149 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 IndusInd Bank Personal Loan compare with Tata Capital Personal Loan?

It is important to make a detailed comparison of IndusInd 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 IndusInd Bank and Tata Capital Loan is 10.49%. Hence, both banks are at par in terms of interest rate on Personal Loan
  • Compared to other Personal Loan charges such as processing fees, Tata Capital charges a processing fee of Upto 2.50% of Loan Amount, while IndusInd Bank charges a processing fee of Upto Min 0.75% to Max 1.75%.
  • 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 IndusInd Bank gives the option to close the loan after 12 months at 4%. This makes Tata Capital a better option for Personal Loan.
  • Tata Capital allows part payment on Personal Loan after 6 months at Nil charges, while IndusInd 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, IndusInd 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 – IndusInd Bank or Tata Capital?

The lowest interest rate for both IndusInd Bank and Tata Capital on loans currently starts from 10.49%. Hence, both banks are a good choice for potential borrowers.

Know more about Tata Capital Personal Loan

Know more about IndusInd Bank Personal Loan

Compare Tata Capital Personal Loan With Other Banks

Compare IndusInd Bank Personal Loan With Other Banks

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 7.15%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 8.10%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.05%.

    Invest Now
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
Loader
Please wait while your information is being processed...