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PERSONAL LOAN

Personal Loans for all your Needs

Need quick cash for an unexpected financial emergency? Turn to Tata Capital Personal Loans to cover your immediate financial requirements. We provide Personal Loans for a variety of reasons including marriage, education, home renovation, travel or even medical needs. With interest rates starting at 10.99 % and tenure up to 72 months, you can find all your desires within reach.  You can get up to ₹ 25 lakhs of Personal Loan just by either talking to our representatives, visiting a nearby branch or through the online application. We have made the process of obtaining a Personal Loan simple and flexible for you to get quick access to money when you’re in need.

Disclaimer: Personal Loans are originated and serviced by Tata Capital Financial Services Limited (TCFSL) and are at its sole discretion. Terms and conditions apply.

KNOW MORE ABOUT OUR OFFERINGS

Key Features

Loan Amount

₹75,000 - ₹25,00,000

Loan Tenure

12 - 72 months

Interest Rates starting at

10.99%

Advantages

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.

Overdraft Facility
Need extra money? We let you withdraw additional funds up to an agreed limit. Interest is charged only on the amount you use.
Zero charges on Part Pre-Payment

You can pre pay part of the loan any time after 6 months of availing a Personal Loan without any penalty or additional fee.

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.

Overdraft Facility
Need extra money? We let you withdraw additional funds up to an agreed limit. Interest is charged only on the amount you use.
Zero charges on Part Pre-Payment

You can pre pay part of the loan any time after 6 months of availing a Personal Loan without any penalty or additional fee.

Why should you take a Personal Loan?

The following are the many reasons for taking a personal loan –

  • Multi-Purpose Loan – Personal loans are multi-purpose loans that can be used for funding various expenses as per the borrower’s discretion, from unexpected expenses to major life events such as a wedding

  • No Collateral Required – Since personal loans are unsecured loans that do not need any assets as collateral, loan approval takes lesser time 

  • Meeting Unplanned Emergencies – In cases where urgent funding is required, easy personal loans act as a safety net 

  • Organising Your Outstanding Debt – If you are being crushed under the heavy weight of credit-card dues, you can take an instant personal loan for debt consolidation

When Can You Take a Personal Loan?

Personal loans are notable for their versatility and can meet a host of needs and dreams. Here are a few situations for which you can avail a personal loan –

  • Travel – A personal loan can help you take the dream vacation that you always wanted and tick off things from your bucket list

  • Medical – In case of medical emergencies that call for urgent funding, easy personal loans are your ideal aid

  • Education – Nothing should stand in the way of your child’s quality education. Quick personal loans will help you give your child the education facility they deserve

  • Wedding –A personal loan can help you have  the dream wedding you always wanted 

  • Home Renovation –  Fulfil your dream of revamping your home exactly the way you wanted with an instant personal loan

How to Take a Personal Loan

The process of getting a personal loan from Tata Capital is fast, easy, and hassle-free –

  • Step 1 – Fill in a simple application form. Can be done offline or online 

  • Step 2 – Submit or upload the documents required for loan approval 

  • Step 3 – Tata Capital will verify your documents and credit history 

  • Step 4 – Once done, we will send you the approved rate of interest and loan tenure for acknowledgement 

Personal Loan Eligibility

You need to meet some basic conditions to be eligible for a Personal Loan. Some of the general personal loan eligibility factors are meeting the monthly income criteria of Rs 15,000 while being at least 22 years of age.  To get your loan approved swiftly, you will be asked to provide the following details:

Your personal details including your PAN number, CIBIL score & KYC documents.

Copies of your pay slips, address proof and bank statements.

Find out more about Personal Loan Eligibility and Documents for more details.

Documents Required for Personal Loan

The following are the documents required for personal loan with Tata Capital –

·        Photo Identity Proof documents

·        Income Proof documents

·        Salary Slips

·        Address Proof documents and

·        Employment Certificate

To know the entire list of accepted documents, visit our personal loan documents page

Personal Loan EMI Calculator

Personal Loan EMI calculator helps you calculate the EMI that you need to pay towards the principal payments and interest payment over the loan tenure. Use the EMI calculator to know how much money you can pay monthly over a period of time that’s comfortable for you. With the help of our Personal Loan EMI calculator, you can plan your monthly installments and conveniently pay off the loan. 

 

What are the EMI Options Available on Personal Loan?

  • Standard EMI

The standard EMI option under personal loans is one in which you get the freedom to pay off your principal loan amount inclusive of interest consistently on a monthly basis. Here, the interest is charged on the total principal amount that was borrowed. 

  • Flexi Interest-Only Loan EMI 

A flexi interest-only EMI option offers a pre-approved cash limit that can be withdrawn as and when you are in need of funds. Here, the interest will be charged only on the amount used and not on the total principal amount borrowed. 

  • Step-Up Flexi Loan EMI 

A step-up flexi EMI option in personal loan is one which offers greater flexibility. Under this plan, you can pay lower EMIs in the beginning and pay more gradually as your salary hikes.

To understand the repayment options available to you, visit our Personal Loan EMI options page

Application Process

Online Application

You can apply for a personal loan by just filling up your basic details.

Document Submission

Post receiving your loan eligibility, furnish the required documents to take your application ahead.

Verification

We will verify your personal loan application; and submitted documents.

Approval

Post approval, the loan is sanctioned.

Disbursal

Receive the required personal loan in your bank account - it's that simple!

7 reasons why you should choose us

Tata Capital, a name you can trust

With the customers’ individual desires and needs in mind, our team at Tata Capital guides you at every step and offers specific financial solutions.

We offer attractive interest rates

Our Personal Loan interest rates are competitive and affordable. We let you tailor everything according to your convenience and ability to repay. 

 

We’re flexible

Our Personal Loan lets you choose the loan amount, tenure and EMI period for which you need the loan.

We’re not going to bother you about collateral

No collateral? No problem. We don’t want you to give any security to cover the Personal Loan.

We are not going to make you run around

We only ask for minimal documentation to process your application. We just need some mandatory information like the source of your income and the purpose of the loan.

We offer tailor-made loans

Our personalised approach gives us the edge and has left countless of our customers satisfied. You are not just an application form to us. We understand that one size doesn’t fit all. 

We’ve been in the industry for a long time

This means we understand your needs and we will tailor our services to your needs. If you look good, we look good.

PAYMENT OPTIONS

PAY ONLINE

PAY ONLINE

Pay your EMI using our website or mobile anytime, anywhere.
DROP A CHEQUE

DROP A CHEQUE

Select a nearby branch to drop a cheque at your convenience.

PLANNING TO TAKE A PERSONAL LOAN?

Watch this video to find out more about Tata Capital Personal Loans. Planning for a holiday abroad, your child's higher education, a home renovation or even a wedding in the family? No matter what the occasion is, Personal Loans from Tata Capital help you take care of any financial responsibilities effortlessly.

FAQ

Getting a Personal Loan is simple and quick. To get your loan approved swiftly, you will be asked to provide the following details:

Your personal details including your PAN number, CIBIL score & KYC documents Copies of your pay slips, address proof and bank statements

Find out more about Personal Loan Eligibility and Documents for more details.

We provide Personal Loans from a minimum of ₹ 75,000 to a maximum of ₹ 25,00,000/- depending on your eligibility.

Your Equated Monthly Instalment depends on the principal loan amount, the interest rate charged and the period for which the loan is taken.

You can choose your EMI amount that is comfortable for you by using the Personal Loan EMI calculator.

Enter the following information to calculate your EMI:

  • Loan Amount (The loan amount you wish to get)
  • Personal Loan Interest Rate
  • Loan Tenure (Period ranges from 12 -84 months)
  • Click the Calculate button. The system shows your EMI monthly break-up of both the interest and principal payment.
  • If the Personal Loan EMI is higher or lower than you want to pay, edit the principal amount and follow the same steps from 2 to 4

Personal loans can be taken for a variety of different purposes, such as follows –

  • Travel – Strike off a dream location you have been craving to visit with an easy personal loan

  • Education – Give your child the quality education they deserve with a personal loan

  • Wedding – No other event in a person’s life is more special than a wedding. Throw a wedding of a lifetime by taking the aid of a personal loan

  • Medical – Need funds for a medical emergency? Opt for a personal loan to meet your urgent needs

  • Debt Consolidation – Need to meet other costlier loan repayments? A personal loan can help you out!

No, you do not need any collateral or security for availing a personal loan with Tata Capital.

Online personal loan applications can be approved within seconds to a few minutes of submission! Offline applications, on the other hand, may take a few business days from the date of submission for approval.

Much like any other form of credit, a personal loan also affects our credit score in the long-term and is a great opportunity to build good credit worthiness. Making consistent timely EMI payments and ultimately repaying off your personal loan within its fixed tenure will improve your future credit score

Yes, you can avail tax benefits on your personal loan depending upon the purpose for which the loan was taken. The Income Tax allows tax deductions for loans taken for education, purchase or renovation of property, and business expansion. For instance, as per Section 24 of the Income Tax Act, if you have taken a personal loan for home construction or renovation, the interest paid is eligible to be claimed as exemption from your taxable income. For self-owned houses, interest up to Rs. 2 lakhs is eligible for exemption whereas for rented houses, the entire interest can be claimed as tax exemption. In case of business expansion, the interest paid will be added to the cost of acquisition which will reduce capital gains, and thereby tax liability. Moreover, Section 80 E of the Income Tax Act speaks about the tax benefits up to Rs. 1,50,000 for those who have taken an education loan for higher studies.

Find the right loan for you

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