Personal Loan Rates 2018963 views
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About Tata Capital Personal Loan
Being the flagship financial services company of the Tata Group, Tata Capital with its sole aim of providing focused and transparent financial solutions is helping people to fulfill their dreams. This one-stop financial service provider is known for catering the diverse needs of the retail, corporate and institutional customers across businesses. This Non-Banking Financial Company with its wide array of services, have many products in the financial service sector, and personal loan is one of them. Yes, no matter what your personal financial needs are, this company with its best of personal loan services, fulfills the needs of all.
Be it home renovation, family wedding, foreign holiday or medical emergency, this company with its unmatched benefits of personal loans caters all the needs of you and your loved ones. So, if you are looking to buy a personal loan from Tata Capital, then here are the details of the same.
Quotes from 18 banks | Instant Approval | Maximum Loan Eligibility
Tata Capital Personal Loan Interest Rates
|Interest Rates||10.99% - 18.00%|
|Loan Amount||₹75,000-₹25 Lakh|
|Repayment||12 months-72 months|
|Processing Fee||₹999-2.50% of the loan amount|
|Pre-Closure Charges||4% of the principal outstanding|
Eligibility Criteria for Tata Capital Personal Loan
To avail the personal loan in Tata Capital, you need to fit into the below eligibility criteria.
|Age||21-58 years||25-65 years||25-65 years|
|Job Continuity||2 years||3 years||3 years|
|Minimum Income||Rs. 20,000 per month||Rs. 2,00,000 per year||Rs. 2,00,000 per year|
|Minimum Loan Amount||Rs.75,000||Rs. 3,00,000||Rs. 75,000|
|Maximum Loan Amount||Rs.15,00,000||Rs. 20,00,000||Rs. 15,00,000|
|Tenure||12-72 months||12-48 months||12-48 months|
Tata Capital Personal Loan EMI Calculator
Thinking about how to compute the exact EMI value? Use the EMI calculator, it is an online device programmed to calculate the installment amount, total interest charged on the loan and the total repayment amount. It gives you the quick and error free result. To calculate the value the user has to put the loan amount, tenure and rate of interest in the calculator.
For Example – A personal loan applicant wants to know the amount of EMI he has to pay on the loan of ₹2,00,000 availed for the period of 5 years at the interest rate of 15% p.a. He feeds the values in the calculator to know the same. So, let’s take a look at the table below to know the EMIs, interest outgo and total amount payable.
Table Showing EMI, Interest Outgo, and Total Repayment Amount EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount ₹ 2,00,000 15% 1 ₹ 18,052 ₹ 16,620 ₹ 2,16,620 ₹ 2,00,000 15% 2 ₹ 9697 ₹ 32,736 ₹ 2,32,736 ₹ 2,00,000 15% 3 ₹ 6933 ₹ 49,590 ₹ 2,49,590 ₹ 2,00,000 15% 4 ₹ 5566 ₹ 67,175 ₹ 2,67,175 ₹ 2,00,000 15% 5 ₹ 4758 ₹ 85,479 ₹ 2,85,479 Year Principal Interest Balance Amount 1 ₹ 29,038 ₹ 28,057 ₹ 1,70,961 2 ₹ 33,706 ₹ 23,389 ₹ 1,37,254 3 ₹ 39,125 ₹ 17,971 ₹ 98,129 4 ₹ 45,414 ₹ 11,681 ₹ 52,715 5 ₹ 52,773 ₹ 4381 ₹ 0
Table Showing EMI, Interest Outgo, and Total Repayment Amount
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
Documentation Required to Apply
Next thing on which you need to pay attention is the documentation required to get the personal loan in this company.
|Address Proof: Ration Card/Electricity Bill/ Passport,etc,||Identity Proof: Voters ID /Passport/Driving License, etc,||Identity Proof: Voters ID /Passport/Driving License, etc,|
|Bank Statement for the last 3 months||Address Proof: Ration Card/Electricity Bill/RentalAgreement/Trade License/Sales Tax Certificate, etc||Address Proof: Ration Card/Electricity Bill/Trade License/Sales Tax Certificate, etc,.|
|2 year Employment continuity document||Banks Statement for the last 6 months||Banks Statement for the last 6 months|
|Last 3 months Salary Slip||Proof of Highest Professional Degree||Proof of Continuation: Trade License/Sales Tax Certificate/Establishment. Certified copy of Partnership Deed, Memorandum of Association(MOA), Article of Association(AOA) and Board Resolution|
|Latest Income Tax Return(ITR) along with the computation of income, Balance sheet(B/S) and Profit& Loss(P&L) for the last 2 years certified by a CA||Latest Income Tax Return(ITR) along with the computation of income, Balance sheet(B/S) and Profit& Loss(P&L) for the last 2 years certified by a CA|
Features & Benefits
- Multi-purpose loan
- Affordable interest rates
- No collateral
- Minimal paperwork
- Easy Repayment
- Hassle-free loan sanction and disbursal procedure
- Enjoy the convenience of doorstep service