PERSONAL LOANS

A Personal Loan is a versatile financing option that you can use for various needs without the requirement of collateral. Whether you're covering medical emergencies, planning a family vacation, or renovating your home, a personal loan makes it easy to manage your urgent financial requirements.

Instant Personal Loan up to ₹35 Lakhs
100% Digital Application
Instant Approval & Quick Disbursal

Key Features:
- Competitive interest rates starting at 11.50%
- Loan amounts ranging from ₹40,000 up to ₹35 lakhs
- Flexible repayment tenures of up to 6 years
- Other charges include a Processing Fee of up to 3.5% of the loan amount plus GST

Interest Rate Range:
- Minimum annualized percentage rate (APR): 11.50%
- Maximum APR: 35%
- Repayment period: 12 to 72 months

Personal Loan Interest Rates & Charges

At Tata Capital, we offer instant personal loans starting at just 11.50% p.a.

Type of Charges Amount

Interest Rate %

Penal Charges, if any, in case of delayed payments

Dishonour of any cheque/ payment instruments

Mandate Rejection Service Charge

Processing Fees

Annual Maintenance Charges- Hybrid Term Loan

Statement of Accounts Charges

Loan Cancellation Charges

11.50%* onwards

Default in Interest or Principal payments 3% per month on defaulted amount (Annualized Penal Charge of 36%)

Rs. 600 per instrument per instance

Rs. 450

Up to 3.5% of the loan amount + GST

0.25% of dropline amount OR Rs.1000, whichever is higher shall be payable at the end of the 13th month.This is a charge applied for providing a physical copy of the Statement of Account. You will be charge Rs. 250 + GST for physical copy. Downloading a statement of account on the portal is free of cost.

2% of the Loan Amount/ Facility amount OR Rs. 5750/- (whichever is higher)

Instant Personal Loan Eligibility Criteria

Age should be between

21 to 58 years

Minimum monthly income

should be ₹ 15,000

Minimum of one year of

work experience

Applicant’s personal loan eligibility criteria depends on various factors, including fixed monthly income, age, nature of employment, credit bureau score, professional experience, etc. For a quick Personal Loan from Tata Capital, you must fulfil the easy-to-meet eligibility criteria. The Personal Loan eligibility for Salaried individuals:

Documents Required for Personal Loan

To apply for a personal loan online, you need to submit just a few documents. These include:

Photo identity proof- A copy of your Voter ID, Passport, Driving License, or Aadhaar Card.
Address proof- A copy of your Voter ID, Passport, Driving License, or Aadhaar Card.
Salary slips- Copies of your salary slips for the last two months.
Bank statement- A primary bank statement (salary account) for the last three months.
Employment certificate- A certificate confirming at least one year of continuous employment.

Features and Benefits of Tata Capital Personal Loan

Multipurpose Personal Loan

No matter what the occasion is, We have the right Personal Loan offering for you. Be it for weddings, higher studies, travel or any other purpose.

No Collateral/Security

We Don't ask for any Collateral or Security for Personal Loans. It is an Unsecured loan.

Personal Loan Hybrid term

Need extra money? We let you withdraw funds up to an agreed amount by availing a Personal Loan Hybrid Term Loan option, Interest is charged only on the amount utilised.

Zero Charges on Part Pre-Payment

You can part prepay up to 25% of the principal outstanding at any time after 12 months availing a Personal Loan without any penalty or additional fee. You can part prepay up to a maximum of 50% of the principal outstanding by way of part prepayment during a single year. Part Prepayment amount over and above 25% will attract prepayment charges as applicable.

Types of Personal Loan

A Personal Loan helps you address various personal finance needs conveniently. Major expenses often come up without warning, so don’t let them drain all your savings. Here are some common scenarios where you can take Personal Loans:

Visit your Dream Destination

You can tick-off an item in your bucket list by travelling to the dream destination of your choice with our travel loan. Tata Capital.

Get a Personal loan for your marriage expenses

With Tata Capital's wedding loan, you can Conveniently take care of all wedding-related expenses.

Renovate your home

Revamp your house conveniently with our Home Renovation Loan.

More Personal Loan products for you

Personal Loan for government employees

Personal Loan for Salaried employees

Personal Loan for women.

FAQs on Personal Loan

1. What is a personal loan?

A Personal loan is an attractive loan option that you can avail for various purposes without pledging any collateral. It allows you to tackle your urgent financial needs with utmost ease.

2. What is the interest rate of Personal loan offered by Tata Capital?

The interest rates on a personal loan can typically vary anywhere between 11.50% and 29.99% p.a. based on the eligibility calculation and how you fulfil the personal loan eligibility requirements of the financial institution.

3. How are processing fees for Personal loans calculated?

Up to 3.5% of the loan amount + GST

4. What is repayment tenure for Personal Loan?

You can avail a loan for minimum 12 months and up to 72 months

5. What is Personal loan EMI?

Personal Loan EMI or Equal Monthly Instalment is the amount that you need to pay every month for repaying your principal loan amount at the applicable rate of interest over the chosen loan tenure. Besides, we offer a flexible personal loan tenure of up to 6 years, making your loan repayment much more affordable. Use the personal loan EMI calculator to know how much money you can pay monthly over a period that’s comfortable for you. With the help of our Personal Loan EMI calculator, you can plan your monthly instalments and conveniently pay off the loan.

6. What is the minimum salary for availing personal loan?

Minimum monthly income should be ₹ 15,000

7. Can I foreclose my Personal Loan?

Yes, you can foreclose your loan by paying minimal charges. Foreclosure charges are as follows:

8. Within 12 months of the date of first disbursement- 6.5% of the principal outstanding at the time of foreclosure

After 12 months of the date of first disbursement- 4.5% of the principal outstanding at the time of foreclosure

9. What is the maximum amount of Personal Loan I can get?

Rs. 35,00,000

10. What CIBIL score is required to get personal loan?

In case of a Personal Loan, where the amount is approved and advanced without collateral, your CIBIL score becomes a critical eligibility criterion. Typically, a CIBIL score above the 700 mark is considered good and attracts easy approval.

11. Can I apply for a personal finance if I have a low credit score?

Yes, you can apply for a personal finance even if you have a low credit score. However, since your credit score indicates your creditworthiness, a low score can reduce your chances of loan approval.

12. But having a high credit score of 750 and above can offer you the following benefits.

#1. You can get a longer loan tenure. This means smaller EMIs that can be paid easily.

#2. You can get competitive interest rates with a high credit score.

#3. A high credit score also boosts your chances of getting a pre-approved loan.

Alternatively, you can consider applying for a joint loan with your spouse, parent, and siblings to improve your chances of loan approval.

13. Can I prepay my personal loan? Are there any charges for prepayment?

Tata Capital allows you to prepay your personal finance with certain conditions.

a) No part prepayment charges shall be applicable on payment of up to 25% of disbursed loan amount during the entire loan tenure.

b) Within 12 months of the first disbursement- 6.5% of the part prepayment amount

c) After 12 months of the first disbursement- 4.5% of the part prepayment amount

d) For part prepayment on Dropline Facility (Hybrid Term Loan), part prepayment charges as mentioned in (b) and (c) above will be applicable only if the facility amount is reduced.

14. How does a personal loan work?

You can apply for a personal loan online through our simple application process. By submitting minimal documentation, selecting the desired loan amount and tenure you can proceed with your requirement. Post these steps, the loan amount will be disbursed basis your eligibility.

15. How can I repay my Personal Loan?

Repaying a personal loan efficiently is crucial for financial stability and a good credit score. Common methods include:

EMI (Equated Monthly Installments): Fixed monthly payments via automatic debit.

Online Banking: Conveniently schedule and manage payments online.

Tata Capital Apps: Manage payments and view loan details on the go via the Tata Capital App.

Cheque Payments: Issue post-dated cheques for EMI amounts.

Loan Prepayment: Pay off part of your loan early to reduce interest.

Choose the method that suits your needs for timely repayments and financial management.

16. Who is eligible for a Tata Capital personal loan?

Tata Capital offers personal loans to salaried individuals aged 21 to 58 years with a minimum monthly income of ₹15,000. Self-employed professionals can also apply by showing stable income and repayment capacity. Having a good credit score improves your chances of a quick approval and instant disbursal.

17. What is a pre-approved personal loan?

A pre-approved personal loan is an instant loan offer extended to individuals based on their credit history, income level, and past repayment behaviour. These loans require minimal or no documentation, they are processed quickly and are usually disbursed instantly once the borrower accepts the offer.