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Tata Capital Personal Loan

Online Tata Capital Personal Loans

Last Updated 19th Jun 2021

Tata Capital Personal Loan is the most popular personal loan in India given its low interest rates, quick approval, and online process. Key selling points of Tata Capital Personal Loan are:

  • Tata Capital Personal Loan interest rate starts from 10.49%.
  • The processing fee charged on Tata Capital personal loan is Upto 2.50% of Loan Amount.
  • Tata Capital also offers pre-approved personal loans at low rates for customers with strong credit history and those with an existing account with the bank.
  • The bank has an online application process where the KYC and documents submission can be done digitally.
  • You can easily check the status of your Tata Capital personal loan application status on a real time basis on the bank’s website or by visiting their customer care centre.
  • Tata Capital has special schemes for different income and occupation groups.
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Tata Capital Personal Loan Details

  • Interest Rate on Tata Capital personal loan ranges from 10.49% to 17.99%.
  • Lowest EMI per lakh works out to be ₹ 1,877 , as calculated on the lowest rate and longest loan tenure.
  • Personal Loans by Tata Capital are available for salaried working with government, private sector, MNCs and self-employed professionals such as doctors within the age group of 21 to 58 years.
  • Loan amount can range from ₹ 75,000 to ₹ 25 Lakh
  • Tata Capital Personal Loan can be availed for a period of 12 months and can go up to 72 months.
  • Processing Fees charged by Tata Capital on personal loan is Upto 2.50% of Loan Amount%
  • Tata Capital allows personal loan foreclosure and part prepayment after 6 months with charges of Rs. 1,000 to Rs. 5,000.
  • Tata Capital also has various other post loan disbursement charges including
    • Cheque Bounce Charges - ₹ 450 + GST
    • Loan Cancellation Charges - Nil
    • Additional Repayment Charges - ₹ 550 + GST
    • Other Charges - ₹ 550 + GST
  • Schemes of Tata Capital as offered to different type of borrowers in 2021 are:

How to Get the Best Offer on Tata Capital Personal Loan?

There are various factors that impact your chances to get the best offers on Tata Capital Personal Loan, as listed follows:

  • Loan Amount - Tata Capital offers loans between ₹ 75,000 and ₹ 25 Lakh and charges lower rates on higher loan amount and vice-versa, so apply accordingly.
  • Salary - Tata Capital offers personal loan to all customers with a net take home monthly salary of more than ₹ 20,000. The rate of interest is higher if you fall in the low salary bucket and lower if you fall in higher income bucket.
  • Employer Category - Tata Capital has clubbed the companies in a high to low category based on internal assessment of company’s size, reputation, profitability etc. When you apply for Tata Capital personal loan, the bank will decide on your interest rate based on the company category you fall in. MyLoanCare can also help you check which category of company you qualify in to help you get the best offer.
  • Relationship with the Bank - Tata Capital offers special rates to the existing customer of the bank, who have a high likelihood of getting loans at lowest interest rate starting at 10.49%
  • Credit Score - Tata Capital checks the CIBIL score of personal loan customers which has to be minimum of 650. Higher the CIBIL Score, higher is your chance of securing best offer.

Tata Capital Personal Loan Documents

You require the following documents to avail personal loan from Tata Capital

  • Filled up loan application form or an online form, if you are applying online
  • 2 Passport Size Photo
  • Identity Proof – One of the following: Driving License, PAN, Passport, Voter ID, Aadhaar Card
  • Residential Address Proof – One of the following: Registered Rent Agreement, Passport, Leave and License, Utility Bill of last three months
  • Income Documents – Copy of Form 16 of last 2 years, 3 month pay slip, 3 months bank statement showing salary credit and any EMI debit

Types of Tata Capital Personal Loan Schemes

Tata Capital offers customized products for specific customer segments designed to meet their loan requirements. Some of the popular products with their basic features are as follows:

Shubharambh Loans
  • Tata Capital Offers Shubharaham Personal Loan to meet all types of financial emergencies. You can avail of the loan at attractive interest rates and extended tenures for upto 72 months. You can apply for the loan via missed call service, website, WhatsApp, or through the contact centre for loan amount upto Rs. 5 Lakhs.
  • You can avail Travel Loan from Tata Capital to avail benefits such as minimum paperwork, no collateral requirement, quick fund transfer and more. Tata Capital offers travel loan for a loan amount ranging from Rs. 75000 to Rs. 25 Lakhs for a repayment tenure of 72 months.

How to Apply for Tata Capital Personal Loan?

The step-by-step procedure to get a personal loan online from Tata Capital is mentioned below:

  • Visit the official website of Tata Capital Or contact your nearest Tata Capital branch.
  • Now, fill personal, professional and financial details as required by the lender and submit the form.
  • Once you have submitted the application form, Tata Capital will check your eligibility and provide you with information about the eligible amount you can avail.
  • If you agree to process the application, then you would be required to submit the essential documents which can also be uploaded online.
  • Finally, your documents will be processed by Tata Capital, and on successful approval of the loan, the funds will be disbursed to your Tata Capital account immediately.

You can also apply for Tata Capital personal loans by visiting their branch or by calling their customer care centre.Offline mode are mentioned below:

  • Visit the nearest Tata Capital branch and fill in the application form with the loan amount required, your personal details, occupation information and your contact number.
  • The Tata Capital representative will explain about the eligibility of the loan as well as the loan rates, terms as well as processing fees, prepayment and foreclosure clauses.
  • After submitting the application form and required documents, you will be provided with an application reference number. You can use the same number to track the status of your Tata Capital Personal Loan application.
  • On successful verification, the loan can get disbursed immediately after loan sanction and signing of the agreement.
Illustration on Personal Loan Tata Capital
Maximum Annual Percentage Rate (APR) 10.91% to 18.41%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 12 Months to 72 Months
  • Tata Capital Personal Loan Interest Rate: 10.49% to 17.99%
  • Processing Fee payable to: Upto ₹ 2,500
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 1,877 for 72 Months ₹ 1,00,000 loan at 10.49% (lowest rate, longest time period) to ₹ 9,168 for 12 Months ₹ 1,00,000 loan at 17.99% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 10.91% to 18.41%
  • Total cost payable over loan tenure: ₹ 1,08,273 for 12 Months loan to ₹ 1,37,672 for 72 Months loan

Personal Loan from Other Banks in India

FAQs

How much time will the Tata Capital take to take a decision on my personal loan?

Banks generally convey their decision on a loan within 15 days of submitting a loan application. However, some banks also offer instant loan offers, which can be approved within a few hours to 2-3 days. The turnaround time for a Tata Capital instant loan can be 4 days.

Why should I take a personal loan from Tata Capital ?

Below-mentioned is the reason why you must avail a personal loan from Tata Capital.

  • Online approval & disbursal during Covid
  • Special rates for Tata Group staff
  • Nil part payment charges
  • Overdraft facility to save interest
  • Minimal documentation

How much interest is charged by Tata Capital on personal loan?

Personal loan interest rates in Tata Capital are 10.49% to 17.99%. Tata Capital personal loan interest rate for salary account holders are comparatively lower than that for other customers.

What is the lowest EMI per lakh on personal loan from Tata Capital ?

If you apply for loan from Tata Capital, your lowest Personal Loan EMI per lakh will be ₹ 1,877 which corresponds to lowest interest rate of 10.49% and longest tenure of 72 years.

What is the minimum and maximum tenure of personal loan in Tata Capital?

Tata Capital personal loan has a minimum tenure of12 months to maximum 72 months.

How much personal loan amount I can borrow from Tata Capital?

Tata Capital offers you loan if you need a minimum amount of ₹ 75,000 to a maximum amount of ₹ 25 Lakh

Can I add my spouse's income while applying for personal loan from Tata Capital?

Yes, you can add the income of your spouse to increase your Personal Loan Eligibility andto get a higher loan amount from Tata Capital . In this case, the bank will check the CIBIL score of your spouse and ask for all income and bank statements of your spouse for the purpose of processing your application

How can I get Tata Capital personal loan?

You can get a personal loan from Tata Capitalby directly visiting the nearest branch or can apply online at their website. While these two are the traditional methods of applying, you can easily apply for the loan at MyLoanCare website where you can do a thorough comparison of all loan details, rates and charges before deciding to proceed with Tata Capital’s application process.

How can I check my Tata Capital personal loan status?

You can check the status of your loan online and offline. Once you have applied for a personal loan from Tata Capital, you will be given an application number. You can use that application number and registered mobile number to check the status of your loan online at Tata Capital's website. In case you are unable to track your application online, you can get Tata Capital loan assistance at Tata Capital loan customer care centre and ask them to help you out with the status. If you have applied for the loan through MyLoanCare, you can check the status of your application by logging into MyLoanCare account.

What is the importance of credit score if I wish to avail a Tata Capital personal loan ?

It is important to have a good credit score if you wish to apply for a personal loan from Tata Capital. A credit score above 750 is considered good for a personal loan. A low credit score increases the chances of rejection of your application.

Is there security or collateral needed to get a personal loan from Tata Capital?

No, Tata Capital does not require any collateral or security to lend you the personal loan as it is an unsecured loan.

Can I close my Tata Capital personal loan after 1 year?

You can close your personal loan from Tata Capital after 6 months by paying charges: Rs. 1,000 to Rs. 5,000

Can I negotiate with Tata Capital on the personal loan interest rate?

Yes, as a customer, you should negotiate for a rate discount when you apply. You may end up getting a better rate from the bank if you have applied for a high loan amount and are in a high income range working with a reputed company.

How to pay your Tata Capital personal loan EMI?

You can pay your Tata Capital personal loan EMI by using ECS facility or through Standing Instruction.Tata Capital also provides you the facility to pay your Personal Loan EMI online using net banking and mobile banking.


Tata Capital Personal Loan Reviews 4.6/5  by 43 customers
MyLoanCare Service
4.7/5.0
Banks Service
4.5/5.0
Jyoti, Delhi
Reviewed on 29th Dec 2020
5 / 5 stars
Tata Capital Personal Loan Availed in Dec 2020

Excellent service. Thanks for the help and support throughout. Special thanks to Saurabh in making tRead more...

Prasad Nalluri, Hyderabad
Reviewed on 07th Aug 2020
4 / 5 stars
Tata Capital Personal Loan Availed in Jun 2020

Thanks for your support in getting my loan disbursed faster. Continue with the service in the same Read more...

Arshad Ahmed, Bangalore
Reviewed on 02nd Mar 2020
5 / 5 stars
Tata Capital Personal Loan Availed in Feb 2020

Shakti Srivastava assisted me with the loan. There were few misunderstandings however she took care Read more...

Leelu Rajashekaran, Bangalore
Reviewed on 26th Nov 2019
5 / 5 stars
Tata Capital Personal Loan Availed in Nov 2019

Documentation and the loan process was good & speedy. It was useful.Read more...

Arjun Ssb, Bangalore
Reviewed on 19th Nov 2019
3.5 / 5 stars
Tata Capital Personal Loan Availed in Nov 2019

Lavish helped me through the process but the bank applied hidden charges which were never disclosed Read more...

Naga bhushan, Bangalore
Reviewed on 26th Sep 2019
5 / 5 stars
Tata Capital Personal Loan Availed in Sep 2019

Thanks to MyLoanCare for assistance in getting loan.Read more...

Mohan Thukaraman, Bangalore
Reviewed on 26th Sep 2019
5 / 5 stars
Tata Capital Personal Loan Availed in Sep 2019

Good Service and followup, but the customer communication can be improved.Read more...

Ishita Yadav, Mumbai
Reviewed on 17th Sep 2019
4.5 / 5 stars
Tata Capital Personal Loan Availed in Sep 2019

It was a good experience. Manish helped me a lot during all this process. Read more...

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Tata Capital Personal Loan News - Jun 2021
  • 2021-02-23 : Tata Capital launched a campaign to introduce Shubharambh loan
    Tata Capital joined hands with Zee Cinema to launch a campaign to introduce the Shubharambh loan. Shubharambh Loans are available across Business, Personal Two-wheeler, Used Car, Loan Against Property and Home Loans. Each product has special features that aims to benefit customers across categories.
  • 2019-08-14 : Tata Capital Fin Services eyes 20% growth in loan book this fiscal
    A subsidiary of Tata Capital, Tata Capital Financial Services is eyeing for more than 20% growth in its overall loan book this fiscal. The company is also aiming to raise debts through NCD to fund its growth.
  • 2019-05-24 : Thomas Cook launches Holiday Basket package in association with Bajaj Finance and Tata Capital
    One of the leading travel services company, Thomas Cook has partnered with Bajaj Finance and Tata Capital to offer travel loans to Indian travellers and millennials with a facility of no cost EMI. With this plan, the company aims to help travellers to travel without worrying about their current finance.
  • 2019-02-25 : Thomas cook ties up with Bajaj Finserv and Tata Capital for Travel loans EMI Scheme
    In a bid to provide offer convenience and benefits to their customers while travelling, Thomas cook has announced its association with Bajaj Finserv and Tata Capital for Travel loans EMI scheme for avid travellers. As per the sources, it has been witnessed that how travel enthusiasts are smartly making use of travel loans along with an EMI option to explore new destinations. In addition to this, the company also has plans to offer a travel savings product which allows the customer to fix the price ahead of the travel and save some specific amount.
  • 2019-02-14 : Tata Capital to disburse Personal Loans using Voice-bot TIA
    Tata Capital has announced the launch of its voice bot, TIA that will assist loan borrowers to avail personal loans without human intervention. The voice-enabled bot assists a person seeking a loan right from the initial stage of the loan process until the final disbursement of the loan. Additionally, it also checks your loan eligibility to assess whether the person can get loans from Tata Capital or not.
*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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