STAY UPDATED!

We're constantly crafting offers and deals for you. Get them delivered straight to your device through website notifications.

All You Have To Do Is Click On "Allow".

CHECKING FOR OFFERS AGAINST

Are you sure?

You will not be eligible for exclusive offers from Tata Capital

thank you for SUBMITTING THE DETAILS

We will notify you in case any special offers are available

Personal Loan Eligibility And Documents

Tata Capital offers flexible personal loan options to suit your unique needs, whether you are looking for home extension or want to explore the world. However, to apply for a loan and to repay it on time, you need to provide a basic proof of employment and income with adequate identity proof. 

Eligibility & Documentation

 

Eligibility

You need to meet some basic conditions to be eligible for a Personal Loan. Following are the general Personal Loan eligibility factors:

 

Documentation

You need to submit:

The documents required to establish your credentials like Voter Card, Aadhaar Card.

Proof of identity and proof of residence.

Income documents – salary slip for the last three months.

Documents Required for Personal Loan

Photo Identity Proof

A copy of your Voter ID / Passport / Driving License / Aadhaar Card

Income Proof

A copy of your Bank statements for the last six months

Salary Slips

A copy of your Salary Slips for the last three months 

Address Proof

A copy of your Ration Card / Electricity Bill / Passport

Employment Certificate

A certificate stating one year of continuous employment

What are the Factors Affecting Your Personal Loan Eligibility?

Personal loan eligibility can be greatly affected by factors such as your income, age, CIBIL score, job stability, and even work experience.

How to improve your Personal Loan Eligibility?

Follow these tips to improve your Personal Loan Eligibility –

  • Get Rid of Debts – Maintain a good repayment history by paying off your existing loans and liabilities on time without defaulting
  • Maintain a good CIBIL Score – Try to build a CIBIL score above 750
  • Do not apply for multiple loans simultaneously – Apply for a loan that fits your needs, raising multiple loan applications can decrease your credit worthiness
  • Choose a longer loan tenure – Opt for a longer repayment tenure that will  allow you to disburse the overall due amount over a longer time span. This will also help in reducing the EMI amount.
  • Add Co-applicants – A co-borrower (a spouse, or parent) with a good income and credit score will boost your eligibility for a bigger loan amount.

What is the Eligibility criteria and documents required for salaried individuals?

A salaried person can get a personal loan with Tata Capital by meeting the following eligibility criteria –

  • The applicant’s age must be between 22 to 58 years
  • The applicant must have a monthly income of at least Rs.15,000
  • The applicant must have at least one year of work experience

    Documentation
  • The documents required to establish your credentials like Voter Card, Aadhaar Card.
  • Proof of identity and proof of residence.
  • Income documents – a copy of your bank statements for the last 6 months
  • Employment Certificate - a certfiicate stating 1 year of continuous employment

What is the Eligibility criteria and documents required for self - employed individuals?

A self-employed person can get a personal loan with Tata Capital by meeting the following eligibility criteria –

  • The applicant’s age must be between 22 to 58 years
  • The applicant must have a monthly income of at least Rs.15,000
  • The applicant must have at least one year of work experience

    Documentation
  • The documents required to establish your credentials like Voter Card, Aadhaar Card.
  • Proof of identity and proof of residence.
  • Income documents – salary slip for the last three months.

What is the maximum Personal Loan you are eligible for?

The maximum