Tata Capital

TATA CAPITAL

Tata Capital has made its mark as the one of the top-notch non-banking financial company in India through a gamut of Loan & credit card services provider in India. The Gold Loans and EMI card loan services are offered across 139 locations. Tata Capital has adopted a service delivery model which ensures is not only quick but hassle free as well . It is one of the first companies to offer doorstep delivery services for the loan application.

Tata Capital OD loan is an industry intensive loan facility. The product is one of its kinds wherein the company can pre-pay and draw down money as well using a self-service portal in the drop-line facility. The product is easy and hassle-free. The borrowing company gets benefit of saving interest cost by pre-paying through idle or any surplus funds that they customer may have.

Personal Loan

With Tata Capital's Personal Loans, you won't have to think twice before facing life's trials. Be it your child's education, a foreign holiday, a sudden home renovation, a family wedding, repayment of an existing loan, a personal emergency or even that special gift for your loved one. Your dreams and responsibilities will never take a backseat with our personal loans.


Interest Rates

Interest Rates and Processing Fees on Personal Loans

Tata Capital offers very competitive interest rates on Personal Loans ranging between 11.49% -19% per annum. However this will further depend on eligibility, income, whether salaried or self-employed and other criteria to determine the interest rates for the loan offered.

Personal Loan Interest Rates Per Annum Minimum - 11.49%
Maximum - 19.00%
Personal Loan Amount Minimum - Rs 75,000.00
Maximum - Rs 25,00,000/-
Processing Fees Up to 2.00%
Loan Tenure Minimum - 12 Months
Maximum - 84 Months
Preclosure Fee* Upto 4.00%
Part Payment Fee Rs 0.00

Eligibility Criteria

You need to fulfil some basic conditions to be eligible for a Personal Loan. Both salaried, as well as self-employed individuals, are eligible for a personal loan. The criteria can differ a bit across different financial institutions. Some general eligibility factors are -

  • Whether salaried or self-employed, you need to be in the age group of 21-58 years old.
  • In terms of Business Continuity, for salaried persons, you should be in the same job for 6 months and overall work experience of 2 years. For self-employed, you need to be in the business for minimum 3 years with a work experience of 3 years.
  • You must draw a minimum income of Rs. 20,000 per month
  • Salaried individuals: If you are a salaried person, you need to have a minimum income of Rs. 20,000 per month. You would be eligible for a maximum loan of Rs. 15, 00,000.
  • Self-employed professionals: With a minimum income of Rs. 2,00,000 per annum, a self-employed professional can get a maximum loan of Rs. 20,00,000.
  • Businessmen/women: With a minimum income of Rs. 2,00,000 per annum, a self-employed professional can get a maximum loan of Rs. 15,00,000.

Home Loan

We at Tata Capital are delighted that you want to acquire your dream home. We want to help you to finance your home with our feature rich home loan financial product. Our home loan comes with numerous features that help you to minimize the cost of financing your home loan. Our interest rates attractive, formalities minimal, loan process fast, repayment options several, EMIs under your control, disbursal quick, and our support timely.

Interest Rates

The factors that affect interest rate are

  • The prevailing marginal cost of funds based lending rate (MCLR) at the time of the loan
  • The borrower's credit history
  • The tenure of the loan
  • The applicability of floating or fixed rate of interest
For Salaried Professionals and Doctors
Home Loan Slabs Effective Rate of Interest* Variable / Semi - Fixed for 2 to 3 years(Calculated on Monthly Rest Basis)
Loan Amount up to Rs. 75 Lakhs 8.75% - 8.80%
Loan Amount above Rs. 75 Lakhs Upto 8.80% - 8.85%
For Self-employed Professionals / Non-Professionals
Home Loan Slabs Effective Rate of Interest* Variable / Semi - Fixed for 2 to 3 years(Calculated on Monthly Rest Basis)
Loan Amount up to Rs. 75 Lakhs 8.90%
Loan Amount above Rs. 75 Lakhs 9.05%

Floating rate

A floating rate is defined as the lending rate charged to borrowers that follows the MCLR. If the MCLR changes, then the interest rate to the borrower also changes. Thus, if you have taken a home loan at an interest of 9% when the MCLR was say 6%, that interest rate would change if the MCLR goes up or down. The effect of floating rate is usually not felt by borrowers because when the MCLR goes up the tenure goes up and when the MCLR goes down the tenure goes down. In both cases, the EMI stays fixed.

Fixed Rate

A fixed rate is defined as the lending rate charged to borrowers that stays fixed irrespective of the changes in the MCLR.

Base Rate

RBI is the custodian of banking transactions. It sets an interest rate below which banks are not permitted to lend to their borrowers. This rate is known as the base rate. The advantage of base rate to borrowers is that banks are rendered more transparent and the borrowers can expect to borrow at a rate which is base rate plus a sufficient cushion to cover credit risk premium.

Prime Lending Rate

The prime lending rate is the rate at which banks lend to its most credit worthy borrowers.

OverDraft Account

OD Account from Tata Capital come as a strategic plan that could help you better manage your finances. You can deposit or withdraw money from your flexi loan accounts, depending on your cash flow. That means, you can either prepay or ‘down-draw’ against your loan as well as make multiple withdrawals as long as you stay within your credit limit. It’s akin to an overdraft facility.
Interest Rates
Rate of Interest Up to 13% -35%*
Processing Fees Up to 2%*
Loan Statement Charges NIL
Interest & principle statement charges NIL
Penal interest 2.00% p.m*

Eligibility Criteria

The following people are eligible to apply for a Flexi Loan:
- Self Employed Professionals - Allopathic doctors, chartered accountants, company secretaries and architects who are practicing their profession.
- Self Employed Non Professionals - Traders and manufacturers, retailers, Proprietors, and service providers etc.
- Entities - Partnerships, Limited Liability Partnership, Private Limited and closely held Limited companies.

Tata Capital Simple Loan Process

Turning Money Problem Into Solutions
Loan amount of Tata Capital

Choose Loan Amount

Choose your loan amount and terms to use loan

Required Documents for Tata Capital

Provide Document

Need to provide some basic document to verification

Tata Capital Personal Loan Approval

Approved Loan

Our loan specialist ask fews question and verify docuements.

Tata Capital Personal Loan Amount

Get your Money

Once loan aprroved you get loan amount credit.