TVS Credit Personal Loan

TVS offers a 100% paperless online personal loan up to Rs. 2 Lakhs at an attractive interest rate starting from just 11.99% p.a. and a processing fee of up to 10% of the loan amount. TVS Credit personal loan can be repaid within a flexible tenure of 36 months in affordable EMIs.

Apply for TVS Credit Personal Loan @ 11.99% Interest Rates

  • Details
  • Features & Benefits
  • Interest Rates
  • Fee & Charges
  • Eligibility Criteria
  • How to Apply
  • Customer Care Details

TVS Personal Loan Details

The following are the key TVS loan details:

Loan amountRs. 30,000 to Rs. 2 Lakhs
Tenure6 to 36 months
Processing feeUp to 10% of the loan amount
Rate of interest11.99% to 29.99% p.a.
Foreclosure charges3.54% to 7.08% of principal outstanding 
Cooling period15 days from the Loan Agreement date
Income More than Rs. 25,000 per month
CIBIL scoreMore than 700

Features & Benefits of TVS Personal Loan

TVS personal loan comes with some attractive features and benefits as mentioned below:

  • Apply for a loan amount ranging from Rs. 30,000 to Rs. 2 Lakhs from anywhere and anytime.
  • Affordable interest rates ranging from 11.99% to 29.99% p.a.
  • Get instant approval, and the sanctioned funds will be transferred to your bank account on the same day of approval.
  • Get easy EMI options and flexible repayment tenure ranging from 6 to 36 months.
  • No paperwork required as the entire process is 100% paperless.
  • No documents needed for a TVS credit pre approved personal loan.
  • You can use the TVS Personal Loan EMI Calculator to calculate your monthly EMI instantly without the hassle of manual calculations.
  • TVS personal loan can be used for a variety of purposes, including a trip, weddings, birthday celebrations, any large purchases, debt relief, medical emergencies, education, electronic purchases, etc.

TVS Personal Loan Interest Rates

TVS Credit personal loan interest rates range from 11.99% to 29.99% per annum. These rates are fixed in nature and depend on the type of product, borrower’s CIBIL score and creditworthiness. Applicants with a monthly income of more than Rs. 25,000 and a CIBIL score of more than 700 are eligible for the best personal loan interest rates.

Fee & Charges of TVS Credit Personal Loan

The following are the fees and charges applicable on TVS Credit personal loan:

Processing feeUp to 10%
Foreclosure charges7.08% of principal outstanding for 16 days - 12 months, 4.72% for 13 - 24 months & 3.54% for above 24 months
Foreclosure statement chargesRs. 0 to Rs. 500
Penal chargesUp to 36% p.a. on unpaid instalment
Bounce chargesRs. 0 to Rs. 750
Duplicate NDC/ NOC chargesRs. 0 to Rs. 500
ACH failure chargesRs. 0 to Rs. 500
Cash collection/ visit chargesRs. 0 to Rs. 100 per visit 
Duplicate repayment schedule (hard copy)Rs. 0 to Rs. 250 
Loan cancellation chargesRs. 1,000 + broken period interest (from disbursement to cancellation date) 
Loan restructuring chargesUp to 3%
Mandate rejection chargesRs. 0 to Rs. 500
Swap chargesRs. 0 to Rs. 500
Value Added Services T - HealthAt Actuals
Stamp duty/ stamping/ franking charges At Actuals
Insurance-related group insurance (Total Protect Policy) premium amountAt Actuals
Legal, repossession & incidental charges At Actuals

TVS Personal Loan Eligibility Criteria

The following candidates are eligible for a TVS Credit personal loan:

  • Individuals with an income of more than Rs. 25,000 per month.
  • Individuals with a CIBIL score of more than 700.

If you need a TVS personal loan apply with the following details:

  • Aadhaar number
  • Address proof
  • PAN number

How to Apply for a TVS Credit Personal Loan

You can follow the steps mentioned below to apply for a TVS Credit personal loan through the official website of the lender:

  • Check your TVS personal loan eligibility and fill in some basic details.
  • The lender’s executive will contact you to process the loan further.
  • Once the proper documentation process is complete, your loan will be approved instantly, and the amount will be credited to your bank account.

TVS Personal Loan Customer Care Details

If you have any queries, you can contact the TVS personal customer care team through any of the following ways:

  • WhatsApp: Send a message on WhatsApp at +91 6385172692
  • Customer care number: 044-66-123456
  • Customer care number for enquiry on a new loan: 18005722121
  • Email ID: Send your concern via email to helpdesk@tvscredit.com
  • Chat Bot: Get instant assistance with TIA, TVS’s intelligent virtual assistant, available 24/7 to help you with your queries.
  • Customer portal: It is a one-stop digital destination for managing your account and accessing exclusive financial assistance.
  • Grievances: Submit your grievances, and TVS will ensure a prompt and satisfactory resolution.

FAQs

Individuals with an income of more than Rs. 25,000 per month are eligible for a TVS Credit personal loan.

The interest rate of the TVS credit loan ranges from 11.99% to 29.99% p.a.

The following candidates are eligible for a TVS Credit personal loan:

  • Individuals with an income of more than Rs. 25,000 per month.
  • Individuals with a CIBIL score of more than 700.

Yes, TVS provides a personal loan up to Rs. 2 Lakhs.

TVS Credit offers a personal loan limit up to Rs. 2 Lakhs.