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?

A personal loan is an unsecured loan you can use for various needs without providing any collateral. It helps you manage urgent financial requirements with ease.

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

Tata Capital personal loan interest rates range from 11.50% to 29.99% p.a. depending on your eligibility and credit profile.

3. How are processing fees calculated?

Processing fee: Up to 3.5% of the loan amount + GST.

4. What is the repayment tenure?

Personal loan tenure ranges from 12 months to 72 months.

5. What is a Personal Loan EMI?

EMI is a fixed monthly amount you pay to repay your loan. Tata Capital offers tenures up to 6 years. Use the EMI calculator to estimate monthly payments easily.

6. What is the minimum salary required?

Minimum monthly income required: ₹15,000.

7. Can I foreclose my personal loan?

Yes, foreclosure is allowed. Charges:

• Within 12 months: 6.5% of principal outstanding
• After 12 months: 4.5% of principal outstanding

8. What is the maximum personal loan amount?

You can get up to ₹35,00,000.

9. What CIBIL score is required?

A CIBIL score of 700+ is ideal for easy loan approval.

10. Can I get a loan with a low credit score?

Yes, but approval is harder. A high score (750+) offers: • Longer tenure • Better interest rates • Pre-approved offers You can also apply jointly with a spouse or parent.

11. Can I prepay my personal loan?

Yes. Conditions:

• 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?

Apply online → Upload documents → Choose amount & tenure → Get disbursal after verification.

13. How can I repay my personal loan?

Repayment options include:
• EMI Auto-debit
• Online banking
• Tata Capital App
• Post-dated cheques
• Part prepayment

14. Who is eligible for Tata Capital personal loan?

Salaried (21–58 years) with ₹15,000 monthly income. Self-employed individuals with stable income can also apply.

15. What is a pre-approved personal loan?

A pre-approved personal loan is offered instantly based on your credit history and income. It requires minimal documentation and is disbursed quickly.