Compare Tata Capital vs Kotak Bank Personal Loan
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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% |
10.99% - 17.99% |
Processing Fees | Processing Fees Upto 2.50% of Loan Amount |
Starting from Rs.999 |
Loan Amount | Loan Amount ₹ 75,000 to ₹ 25 Lakh |
₹ 1 Lakh to ₹ 50 Lakh |
Loan Tenure | Loan Tenure 12 to 72 Months |
12 to 48 Months |
Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 1,877 |
₹ 2,584 |
Part Payment Charges | Part Payment Charges Allowed after 6 months at Nil prepayment charges |
Allowed after 12 months at Rs.500/- + GST Charges applicable on part payment. After lock-in period, Customer can pay 20% every year on Principal Outstanding |
Foreclosure Charges | Foreclosure Charges Allowed after 6 months at Rs. 1,000 to Rs. 5,000 |
Allowed after 12 months at Starting from Rs.999 |
Eligible Age | Eligible Age 21 to 58 Years |
22 to 55 Years |
Minimum Income | Minimum Income ₹ 20,000 |
₹ 40,000 |
Current Work Experience | Current Work Experience 3 Months |
6 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 |
Compare Personal Loan EMI of Tata Capital and Kotak Bank
Loan Amount | Tata Capital | Kotak Bank |
---|---|---|
₹ 1 Lakh | ₹ 1,877 | ₹ 2,584 |
₹ 5 Lakh | ₹ 9,387 | ₹ 12,920 |
₹ 10 Lakh | ₹ 18,774 | ₹ 25,841 |
₹ 12 Lakh | ₹ 22,529 | ₹ 31,009 |
Which is a better bank for Personal Loan – Tata Capital or Kotak Bank?
Tata Capital offers lower Personal Loan EMI at Rs. 1877 for 72 Months compared to Kotak Bank with a minimum EMI of Rs. 2584 for 48 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 Kotak Bank Personal Loan?
It is important to make a detailed comparison of Tata Capital and Kotak 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:
Which bank offers a lower interest rate on Personal Loan – Tata Capital or Kotak Bank?
As per the current rates, Tata Capital offers a lower interest rate of 10.49% on loans compared to Kotak Bank, which offers a Personal Loan at 10.99%.
Know more about Tata Capital Personal Loan
Know more about Kotak Bank Personal Loan
Compare Tata Capital Personal Loan With Other Banks
Compare Kotak Bank Personal Loan With Other Banks
- 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.
