Tata Capital Personal Loan

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.

Personal Loan

Quotes from 18 banks | Instant Approval | Maximum Loan Eligibility

    Almost done, few more details required.

    Tata Capital Personal Loan Interest Rates

    ParticularsDetails
    Interest Rates10.99% - 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.

    ParametersSalariedSelf-Employed Professionals

    Businessmen
    Age21-58 years25-65 years

    25-65 years

    Job Continuity

    2 years

    3 years

    3 years

    Minimum IncomeRs. 20,000 per month

    Rs. 2,00,000 per year

    Rs. 2,00,000 per year

    Minimum Loan AmountRs.75,000

    Rs. 3,00,000

    Rs. 75,000

    Maximum Loan Amount

    Rs.15,00,000

    Rs. 20,00,000

    Rs. 15,00,000

    Tenure12-72 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

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 2,00,00015%1₹ 18,052₹ 16,620₹ 2,16,620
    ₹ 2,00,00015%2₹ 9697₹ 32,736₹ 2,32,736
    ₹ 2,00,00015%3₹ 6933₹ 49,590₹ 2,49,590
    ₹ 2,00,00015%4₹ 5566₹ 67,175₹ 2,67,175
    ₹ 2,00,00015%5₹ 4758₹ 85,479₹ 2,85,479

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    YearPrincipalInterestBalance 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

    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.

    SalariedSelf-Employed Professionals

    Businessmen
    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

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    Home Loan Interest Rates August 2018
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    EMI Calculator