TATA Capital Personal Loan

Below are the key details of the Tata Capital Loan for personal purposes:

Below are the details of the Tata Capital personal loan interest rate, processing fee, and other applicable charges:

• Interest rate: 11.50% to 29.99% p.a.
• Processing fee: Up to 3.5% of the loan amount + GST (starts from 0.5% for women).
• Documentation charges: Up to ₹1,999.
• Part prepayment charges: Nil on payment of up to 25% of disbursed loan amount during the entire loan tenure, 6.5% of the part prepayment amount if prepaid within 12 months of the first disbursement, 4.5% of the part prepayment amount if prepaid after 12 months of the first disbursement.
• Foreclosure charges: 6.5% of the principal outstanding if foreclosed within 12 months of the date of first disbursement, and 4.5% of the principal outstanding after 12 months of the date of first disbursement.
• Penal charges for delayed payments: 3% per month on the defaulted amount (36% p.a.).
• Loan cancellation charges: 2% of the loan amount/facility amount or ₹5,750 (whichever is higher). 
• Dishonour of cheque/ payment instruments: ₹600 per instrument per instance.
• Mandate rejection service charge: ₹450.
• Annual maintenance charges for Hybrid Term Loan: 0.25% of the dropline amount or ₹1,000 (whichever is higher) at the end of the 13th month.
• Physical copy of statement of accounts charges: ₹250 + GST.
• Stamp duty charges: At actuals.
• Switch Fee without any Top Up: ₹500 for principal outstanding up to ₹2 Lakhs and ₹1,000 for above ₹2 Lakhs.
• GST: GST & other government taxes & levies as applicable, will be payable on all fees and charges.

Below is a list of some attractive features and benefits of the Tata Capital Personal Loan:

• Loan amount: You can secure a personal loan amount between ₹40,000 and ₹35 Lakhs as per your needs and eligibility. 
• Multipurpose loan: You can get a Tata Capital personal loan for all your personal needs, including planning a vacation, managing unexpected medical emergencies, covering wedding costs, upgrading your home, etc. 
• Unsecured loan: You do not require any security, guarantor, or collateral for the Tata Capital Personal Loan as it is an unsecured credit product.
• Personal loan top-up: If you have a Tata Capital Personal Loan, you are pre-approved for a Top-Up Loan with minimal documentation.
• Hybrid term loan option: If you need extra funds, you can withdraw an amount up to an agreed limit by availing of a personal loan hybrid term loan. The interest will be charged on the utilised amount.
• Interest rate: The Tata Capital personal loan interest rates are highly affordable and range from 11.50% to 29.99% p.a.
• Tenure: Tata Capital offers a personal loan for an extended tenure of 1 to 6 years. 
• Zero part prepayment charges: Tata Capital allows you to part-prepay up to 25% of your personal loan amount at any time after availing the loan without any charges. Also, Tata Capital foreclosure charges are nil.
  Processing fee: The processing fee is non-refundable and can go up to 3.5% of the loan amount plus applicable GST.
• Cooling off/look-up period: Borrower will not be charged any penalty on prepayment of the loan under the cooling off/look-up period of 3 days from the date of loan disbursal.

Below is the comparison of the Aditya Birla personal loan with other lenders:

Tata Capital Personal Loan Eligibility requirements are mentioned below:

• Age: Between 21 & 58 years.
• Nationality: Indian.
• Minimum monthly income: At least ₹15,000.
• Minimum work experience: Must have at least 1-year of experience, with a 6-month tenure in the current job. 
• Credit score: 725 and above.
• Employment type: Salaried employees working with private limited companies/ public sector undertakings (including central, state & local bodies), and self-employed individuals (including sole proprietorships, partnerships, trusts, etc.).

If you want a Tata Capital Personal Loan apply online with the following documents:

• A duly filled application form along with current passport-size pictures.
• Photo identity proof: A copy of Voter ID/ Passport/ Driving License/ Aadhaar Card.
• Address proof: A copy of Voter ID/ Passport/ Driving License/ Aadhaar Card.
• Salary slips: Copies of your last 2 months’ salary slips.
• Bank statement: A primary bank statement (salary account) for the last 3 months.
• Employment certificate: A certificate confirming at least 1-year of continuous employment.

The online personal loan application process is quick, secure, and paperless. To apply for a Tata Capital Instant Loan, you can visit the official website of Tata Capital and follow these steps:

• Fill out the online personal loan application form by mentioning your name, contact number, loan amount, income, and employment type. 
• Upload the required documents, such as address proof, identity proof, and income statements. 
• Once submitted, Tata Capital will review your personal loan application form. 

For a much easier online process, you may apply from our web portal.

To contact the Tata Capital personal loan customer care team, you can call the toll-free Tata Capital Personal Loan Customer Care Number, i.e. 1860 267 6060.