About Tata Capital Personal Loan

Headquartered in Mumbai, India, Tata Capital Ltd is a subsidiary of Tata Group. It’s a financial and investment company that was founded in the year 2007 and has over 100 branches in India today. They offer a wide range of consumer loans, commercial finance services and wealth management services among many other offerings. You can avail a Tata Capital personal loan for various purposes. In fact, they have specific personal loan products to help people meet their unique needs. These products are: Personal Loan for Travel and Holidays, Personal Loan for Education and Higher Studies Personal Loan for Wedding and Personal Loan for General Purposes. Furthermore, Tata Capital personal loan can be availed by salaried individuals, self-employed professionals as well as self-employed businessmen. Below you will find more details on the eligibility criteria, features and applicable charges for their personal loan product.

Personal Loan Eligibility Criteria for Salaried / Self-Employed

In order to avail Tata Capital personal loan, you must be a salaried person or a self-employed professional/businessman earning a regular monthly income. The company will ask for all standard documents to support your eligibility, for instance, ITR, business ownership documents, proof of identity, proof of residence, proof of qualification, related income documents and more. The age limit set for salaried people is 21 years to 58 years and you should be employed with a reputed organization in the public or private sector, having a minimum two-year record, with a minimum INR 20,000 per month salary.
In case of self-employed professionals or businessmen, they should be anywhere from 25 years to 65 years in age, having been in the business/profession for the last three years and earning at least INR 2 lakh per annum. Below you will find the exact updated Tata Capital personal loan eligibility criteria for salaried and self-employed individuals.

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

4k – 65k

Minimum Income (Doctors/ Chartered Accountants)

4k – 65k

Minimum Income (Company Secretary / Architect)

4k – 65k

Minimum Income Self Employed (Businessman)

Tata Capital Personal Loan Features / Details

Apart from offering specific personal loan products to help people meet their specific immediate needs, Tata Capital makes repayment easy for borrowers by offering them different repayment arrangements. They offer a ‘Stepup Flexi EMI Personal Loan’ in which your EMIs increase every year corresponding with the increase in your annual income. Their ‘Stepdown Flexi EMI Personal Loan’ starts with high EMIs which get reduced after every year. Other than these two, you can also opt for ‘Bullet Flexi EMI Personal Loan’ which enables you to make repayments at different intervals.
Personal loans are offered anywhere from INR 75,000 to INR 25 lakh, with a repayment tenure of 12 months to 72 months. Both the interest rate as well as the quantum of the loan are determined based on the individual’s credit score, length of service, monthly income and standing in the professional/business. More and up-to-date details on the Tata Capital personal loan features can be found below.

18.25%

Interest Rate (Min)

Upto XX Years.

Loan Tenure

25k – 50Lacs

Loan Amount (Min – Max)

Tata Capital Personal Loan Fees / Charges

There is no processing fees and prepayment charges involved in Tata Capital personal loan. Various other fees/charges such as the late payment fee, cheque bouncing charges, amortization schedule charges, cheque swapping charges, duplicate no objection certificate charges etc. might apply depending upon your requirement. Updated details on these fees/charges are provided below.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees