TATA Capital Personal Loan

Highlights of TATA CAPITAL Personal Loan:

Note: Tata Capital is powered by https://www.tatacapital.com/ and the information mentioned here is provided by Tata Capital Financial Services Limited.

Let’s list out features of Tata Capital Personal Loan and understand the USP of the product. It will help you understand suitability of the loan for your individual needs.

• Amount: Tata Capital Personal Loan is a highly flexible bank product. You can apply for Rs 75000 to Rs 35 Lakh as per your needs.
• Personal Loan Top-up: This is one of the striking features. If you have Tata Capital Personal Loan, you are preapproved for a Top-Up Personal Loan after payment of successful 8 to 18 EMIs.
• Overdraft:  Furthermore, if you maintain repayment schedule you can also avail of preapproved overdraft limit for urgent cash lapses along with your Tata Capital Personal Loan. You would not need to apply for another loan.
• Interest Rate: The Tata Capital Personal Loan Interest Rates are strictly in lines with the market standards. You can avail a Personal Loan starting from 11.99% p.a. You get enough flexibility to choose the repayment structure according to your financial health.
• Tenure: Stepping ahead of competition, Tata Capital offers Personal Loan for an extended tenure of 6 years.
• EMI: You can use Tata Capital Personal Loan Calculator to choose the loan EMI according to your repayment capacity. Presently, lowest EMI for Tata Personal Loan will be Rs 1752 for Rs 1 Lakh loan.
• Unsecured Loan: You do not require Loan Security, Guarantor or Collateral for Tata Capital Personal Loan as it is an Unsecured Loan product.
• Foreclosure Charges:  Tata Capital Personal Loan can be foreclosed by paying off a foreclosure charge of 4.5% to 6.5% of the principal outstanding plus GST, depending on the tenure. While foreclosure of top-up will attract charges of 2.5% to 4.5% of the principal amount. So know about all charges before signing up for the loan.
• Processing Fee: The processing fee is non-refundable and varies according to the loan agreement. Tata Capital, in general, levies processing fee up to 4% of the loan amount plus GST as applicable.
• Repayment Method: Most NBFCs prefer auto debit or ECS facility, and so does Tata capital. For special cases, you may be allowed to pay with post-dated cheques.

The Tata Capital personal loan interest rates are competitive and affordable and start from just 11.99% p.a. The lower interest rates you receive, the smaller EMI you have to pay. Personal loan interest rates can vary for each borrower depending on several factors like their CIBIL score, income, the amount being borrowed, repayment capability, repayment tenure, employer’s reputation, nature of employment, financial history, debt-to-income ratio, and so on.

Tata Capital Personal Loan is tailored according to customer needs. To ensure best customer experience, eligibility criteria is easy to meet. Let’s take a quick look at Tata Capital Personal Loan eligibility requirements below:

Eligibility of Personal Loan for Salaried & Self Employed Individuals are-

• Age: 22 to 58 years
• Minimum Fixed Monthly Income: Rs 15,000
• Minimum Work Experience: At least 1year
• To avail the best rate of interest, credit score should be above 750. Furthermore, the lender will assess multiple factors such as fixed monthly income, age, nature of employment, CIBIL score, professional experience & alike for quoting the final rate of interest.

Before you fill out the application form for the Tata Capital Personal Loan, make sure you have the following documents handy.

• Duly filled application form
• 3 passport-size pictures
• Identity Proof
• Address Proof
• Income Proof

Here is the list of personal loan documents you would require while submitting the loan application:-

Documents for Salaried Individuals:

• Any one of the Identity Proofs: Aadhar Card/ PAN/Voter’s ID/ Passport/ Driving License
• Any one of the Address Proofs: PAN/ Utility Bills like Electricity Bill, etc/ Ration Card/  Passport  
• Proof of Income:
  • 1. Bank Statements for the last 3 months
  • 2. Salary Slips for the last 3 months

Documents for Self-Employed Individuals

• Any one of the Identity Proofs: Aadhar Card/ PAN/Voter’s ID/ Passport/ Driving License
• Any one of the Address Proofs:  PAN/ Utility Bills like Electricity Bill, etc/ Ration Card/  Passport  
• Proof of Income & Existence of Business:  
  • 1. Tax Registration copy/ Company Registration License/ Shop Establishment Proof
  • 2. Bank Account Statements for Savings & Current Accounts for the past one year
  • 3. Income Tax Returns for last year

Note: Also, check the Tata Capital Personal Loan Application Status to meet unplanned financial needs.

Make note of schedule of charges along with interest rate and processing charges before applying for a Personal Loan. Here is the detailed list of fees and charges for Tata Capital Personal Loan: 

Additional Info: Avail Tata Capital Business Loan online with Mymoneymantra.

After you fill the Personal Loan Application on MyMoneyMantra, your request is instantly processed. Here are the steps forward-

• When you apply online through MyMoneyMantra, your request is directed to the lender.
• A loan rep from TATA CAPITAL will call you for verifying the mentioned details.
• Share your consent on Personal Loan Verification Process and verify all the details.
• Following this, all the required documents will be picked from your location.
• Now lender will verify the documents before sanctioning loan.
• The bank will call you for final consent and present loan agreement detailing loan amount, Personal Loan Interest Rate, and Repayment Tenure.
• Once acknowledged re a signature, the loan amount will be disbursed into your bank account.

Additional Reading: How to get Instant 20000 loan

Follow these simple steps to apply for Tata Capital Personal Loan on MyMoneyMantra Platform. It is easy, fast and reliable.

• Visit Home Page.
• Click on Personal Loan
• Fill the form. Share loan requirement and personal details. You will be required to share your name, desired loan amount, loan tenure, city of your residence, employment type, income, & contact information.
• An OTP (one time password) will be generated and sent to the mobile number shared in the above step.
• Use this OTP to visit the list of most suitable Personal Loan products for your profile.
• You can compare various deals and apply for the Best Personal Loan. Alternatively, go directly on Tata Capital Personal Loan and click on Apply or eConnect with Bank button.
• Following up on your request, a loan representative will call you and take you further on this request.
• She will detail you about next steps and documentation and guide you till the disbursement.
• Kindly note that MyMoneyMantra’s Loan guidance is free of cost and there is no charge to apply for loan via this website.

For queries & feedback, use the following modes:

• Use your Tata Capital Customer ID & Password to access the portal & mobile app for quick resolution of your loan-related queries. All account-related details can be accessed from the customer portal.
• TATA Capital Customer Care Number:  Call 1860 267 6060 (between 9 am to 8 pm,  Monday to Saturday) & (Service not available on Sundays and public holidays.)
• For Personal Loan related queries, write an email to: customercare@tatacapital.com
• You can write your posts to: 
  • TATA Capital Grievance Officer Details:
    Name: Francyna Dias
    Designation: Grievance Redressal Officer (GRO)
    Address: 11th Floor, Tower A, Peninsula Business Park,  
    Ganpatrao Kadam Marg, Lower Parel,  
    Mumbai – 400013
    Contact No: 18602676060