Personal Loans
Quick, Flexible & Hassle-Free Funding for Your Personal Needs
What is a Personal Loan?
A Personal Loan is a versatile financing option that can be used for various needs without requiring any collateral. Whether it's medical emergencies, home renovation, travel expenses, or any urgent financial requirement, a personal loan gives you the freedom and flexibility to manage your expenses instantly and securely.
Instant Personal Loan
- Instant Personal Loan up to ₹35 Lakhs
- 100% Digital Application
- Instant Approval & Quick Disbursal
Key Features
- Competitive interest rates starting from 11.50%
- Loan amounts from ₹40,000 up to ₹35 Lakhs
- Flexible repayment tenures up to 72 months (6 years)
- Processing Fee: up to 3.5% of loan amount + GST
Interest Rate Range
- Minimum APR: 11.50%
- Maximum APR: 35%
- Repayment Tenure: 12 to 72 months
Personal Loan Interest Rates & Charges
Transparent & Simple — Personal Loan Charges at Tata Capital
Interest Rate
Tata Capital offers instant personal loans starting at just 11.50% per annum*, depending on profile & eligibility.
Charges & Fees
- Penal Charges (Delayed EMIs):
3% per month on defaulted amount (36% annualized) - Cheque / Payment Instrument Dishonour:
₹600 per instrument per instance - Mandate Rejection Service Charge: ₹450
- Processing Fee:
Up to 3.5% of the loan amount + GST - Annual Maintenance Charges (Hybrid Term Loan):
0.25% of dropline amount OR ₹1,000 (whichever is higher), payable at end of 13th month - Statement of Accounts (Physical Copy):
₹250 + GST (Download from portal is FREE) - Loan Cancellation Charges:
2% of loan amount / facility amount OR ₹5,750 (whichever is higher)
Instant Personal Loan Eligibility Criteria
Simple requirements for fast and hassle-free approval.
Basic Eligibility Criteria
- Age: Must be between 21 to 58 years.
- Minimum Monthly Income: ₹15,000 per month.
- Work Experience: Minimum of 1 year total, with at least 6 months in current job.
Personal loan eligibility depends on income, employment type, credit score, age, and work stability. Tata Capital offers instant approval when these criteria are met.
Eligibility for Salaried Individuals
Salaried applicants must meet the following simple conditions:
- Stable salaried employment in a private, public, or government organization.
- Consistent monthly income credited to bank account.
- Good repayment history and strong credit bureau score.
- Minimum 1 year employment history; 6 months with current employer preferred.
Tip: Higher credit score = better chance of approval + lower interest rates.
Documents Required & Personal Loan Features
Quick documents, fast approval & powerful benefits.
Documents Required for Personal Loan
To apply for a personal loan online, you need to submit only a few essential documents:
- Photo Identity Proof: Voter ID, Passport, Driving License, or Aadhaar Card.
- Address Proof: Voter ID, Passport, Driving License, or Aadhaar Card.
- Salary Slips: Last 2 months’ salary slips.
- Bank Statement: Last 3 months' salary account statement.
- Employment Certificate: Proof of at least 1 year of continuous employment.
Note: Uploading clear and valid documents speeds up instant approval.
Features & Benefits of Tata Capital Personal Loan
- Multipurpose Personal Loan: Perfect for weddings, education, travel, home needs, or any financial requirement.
- No Collateral Needed: 100% unsecured loan — no security or guarantor required.
- Hybrid Term Loan Option: Need extra funds? Withdraw up to an approved limit and pay interest only on the amount used.
- Zero Charges on Part Pre-Payment: Prepay up to 25% of the outstanding principal after 12 months with zero penalty. You may prepay up to 50% in a year; amounts over 25% may carry applicable charges.
Designed for flexibility, convenience, and faster financial freedom.
Types of Personal Loan
Choose the perfect loan option for your personal financial needs.
Where Can You Use a Personal Loan?
A Personal Loan helps you handle urgent and important financial needs without disturbing your savings. Use it for:
- Visit Your Dream Destination: Travel anywhere you wish with Tata Capital’s travel loan and tick off your bucket list.
- Wedding Expenses: Manage all your marriage costs smoothly with Tata Capital’s convenient wedding loan.
- Home Renovation: Upgrade, redesign, or refurbish your home with Tata Capital’s Home Renovation Loan.
Personal Loans provide quick access to funds when life surprises you.
More Personal Loan Products for You
- Personal Loan for Government Employees: Flexible, fast loans with attractive interest rates for government staff.
- Personal Loan for Salaried Employees: Ideal for working professionals needing quick financial assistance.
- Personal Loan for Women: Specialised loan solutions designed to support women’s financial needs and goals.
Choose the loan that best fits your lifestyle and aspirations.
FAQs on Personal Loan
Clear answers to help you understand Tata Capital Personal Loans better.
1. What is a personal loan?
2. What is the interest rate of personal loan offered by Tata Capital?
3. How are processing fees calculated?
4. What is the repayment tenure?
5. What is a Personal Loan EMI?
6. What is the minimum salary required?
7. Can I foreclose my personal loan?
• Within 12 months: 6.5% of principal outstanding
• After 12 months: 4.5% of principal outstanding
8. What is the maximum personal loan amount?
9. What CIBIL score is required?
10. Can I get a loan with a low credit score?
11. Can I prepay my personal loan?
• No charges for up to 25% of the disbursed amount in a year.
• Within 12 months: 6.5% charges
• After 12 months: 4.5% charges
• Dropline (Hybrid Term Loan): same rules apply if facility amount is reduced.
12. How does a personal loan work?
13. How can I repay my personal loan?
• EMI Auto-debit
• Online banking
• Tata Capital App
• Post-dated cheques
• Part prepayment