Tata Capital Personal Loan – Interest Rate, Eligibility and Documentation

Tata Capital Personal Loan – Interest Rate, Eligibility and Documentation

Tata Capital Personal Loan – Tata Capital offers collateral-free instant personal loans from Rs.50,000 up to Rs.15 lakhs for salaried and self-employed individuals.

Read on to know the eligibility terms, documents required, application process online or offline mode, interest rates and repayment tenure options associated with availing a multi-purpose personal loan from Tata Capital.

Details About Tata Capital Personal Loans

• Loan Amount – Rs.50,000 to Rs.15 lakhs
• Interest Rates – 13% onwards per annum
• Loan Tenure – 12 to 60 months
• Disbursal Time – 4 hours from approval

Eligibility Criteria For Availing A Personal Loan From Tata Capital

To qualify for a Tata Capital Personal Loan product, the applicants must:

• Be between the age of 21 years to 60 years
• Be employed with a minimum of one year of experience for salaried individuals
• Have a minimum of 1 year in business for self-employed professionals
• Have a sound CIBIL score and credit history
• Have adequate income proof to establish repayment capacity

Upon meeting the eligibility criteria around age, credit score, job stability and repayment capacity, applicants can proceed to apply for quick approval on a personal loan from Tata Capital.

Documents Required To Apply For A Personal Loan From Tata Capital

The documents needed to be furnished when applying at the Tata Capital branch or uploading online are:

• Duly filled personal loan application form
• Identity Proof – Passport/PAN Card/Aadhaar Card
• Residence Proof – Driving License/Utility Bill/Voter ID
• Last three month’s salary slips, along with bank statements
• Last two year’s IT returns for self-employed individuals
• Passport-size photographs duly signed

The documents need to be self-attested before submission through the online application portal or branch visits for personal loans from Tata Capital.

Online Application Process For Tata Capital Personal Loans

To enable a seamless application process, Tata Capital offers an online application facility as well through:

Step 1: Visit the Tata Capital loans website/portal

Step 2: Read eligibility criteria, documents list and terms

Step 3: Fill online personal loan application form accurately

Step 4: Upload relevant documents for income proof

Step 5: Make application fee payment through gateway integration

Step 6: Check the application status through the customer portal

Step 7: Attend the branch if contacted by a representative for verification

Step 8: Get loan amount disbursal on successful process completion

Key Benefits Of Opting For Tata Capital Personal Loan

• Simple documentation, no collateral for loans up to ten lakhs limit
• Special rates on offer for existing bank customers
• Pre-approved Instant loans for eligible applicants
• Fixed-rate plans imply the predictability of EMIs during repayment
• Foreclosure is allowed without any additional charges
• Flexible repayment period ranging from 1 year to 5 years

Interest Rate Charges On Tata Capital Personal Loans

Primarily applicant’s income stability, credit score, company profile, and selected loan tenure impact the rate of interest levied, which varies from applicant to applicant, starting at @13% per annum. A strong credit profile and healthy finances help avail the best rates.

Tata Capital Personal Loan Tenure Options

Tata Capital provides an option to select loan repayment tenures from 12 months to 60 months in line with the repayment capacities and budgets of the applicants. Generally,

• 12 to 36 months – For loans amounts below eight lakhs
• 37 to 60 months – For loans above the amount of 8 lakhs

Longer tenures allow a lower EMI burden but a higher interest component overall. Evaluate options to pick ideal tenure suiting cashflow streams before applying.

Tracking Personal Loan Application From Tata Capital

Post application submission, applicants can easily track the status of their Tata Capital personal loan requests by:

• Calling on 1860 266 7766 to speak with a loan representative
• Emailing queries to loans@tatacapital.com for responses
• Visiting the nearest branch and seeking status updates in person

This helps provide real-time clarity on the application’s current stage to the applicants. Post approval, the loan amount disbursal happens within 4 hours into the bank account furnished during application by the applicant.

Connect With Tata Capital For Any Personal Loan Queries

For more information on the personal loan schemes, eligibility criteria or application process, please reach out on below channels:

• Call the helpline at 1860 266 7766 between 9:30 AM to 6:30 PM
• Email requests to loans@tatacapital.com
• Visit www.tatacapital.com and initiate a webchat
• Walk into our nearest branch for personal discussions

We wish you the very best as you take the step to apply soon and fulfil your financial needs or important personal milestones requiring assistance through Tata Capital’s personal loan offering with easy terms!

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