Tata Capital Personal Loan

Tata Capital offers personal loans with interest rates starting at 11.99% per year. You can borrow up to Rs. 35 lakh for a period of up to 6 years.

Tata Capital Personal Loan
Zero Processing Fee & 6-Year Tenure
100% Paperless Approval
✔
Loan Amount
Up to ₹35L
Interest Rate
10.99% - 29.00%
Tenure
6 Years
Processing Fee
Up to 3.00%
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Fees & Eligibility
Fees & Charges
  • Part-prepayments can be made only after 6 months and once a year with a minimum gap of 6 months between them.
  • The amount prepaid cannot exceed 25% of the principal outstanding.
  • A charge of 2.5% (plus taxes) will apply if the prepayment exceeds 25% of the principal.
  • Foreclosure is allowed only after 6 months, with a charge of 3.5% + GST on the principal outstanding.
  • If foreclosure occurs within 6 months after a part-prepayment, a charge of 3.5% (plus taxes) will apply on the principal outstanding and the prepayment amount.
  • For loans above ₹7 lakhs, a 12-month clean payment track is required for foreclosure, and a 3.5% + GST charge applies unless the loan is closed with own funds.
  • For overdraft cases, foreclosure is allowed after 6 months, with a 4.5% + GST charge on the dropped-down limit amount.
Eligibility Criteria
  • Salaried: Must be at least 24 years old and under 55.
  • Self-employed: Must be at least 25 years old and under 65.
  • Applicants should be employed with the current employer for at least 1 year.
Documents
  • KYC - PAN, address and ID proof
  • Income proof, bank statement and a photograph
Features
What you'll love
  • You can make conditional pre-closure and part payments after 12 months.
  • The maximum loan term is 6 years.
  • You can make part payments up to 25% of the loan amount each year.
  • No guarantor is needed.
Loan Benefits
- Quick loan disbursal
- Competitive interest rates
- No charges for prepayment
Proof of identity
Voters ID /Passport/Driving License
Proof of address
Ration Card/Electricity Bill/Rental Agreement/ Passport.
Other documents
- Bank Statement for the last 3 Months
- Latest Form 16
- Most Recent Salary Slip or current dated Salary Certificate
Fees and Charges for this Personal Loan
Loan processing chargesUp to 5.5% of the loan amount +GST
Prepayment
  • No part prepayment allowed in the first 6 months
  • Prepayment allowed only once in a year
  • There has to be a gap of minimum of 6 months between two part payments
Pre-payment charges
  • Prepayment charge is 2.5% + GST on amount over and above 25% of outstanding principle
  • Part payment amount is up to 25% of the outstanding principle
Penal interest3% on overdue amount + GST
Post-Dated Cheque ChargesRs.850 + GST
Bounce ChargesRs.600 for every cheque/ Payment Instrument/ ECS Dishonour + GST
Cancellation Charges2% of loan amount or Rs.5,750 whichever is higher
Instrument Swapping ChargesRs.550 + GST
Foreclosure Charges
  • No foreclosure charges in the first 6 months
  • 4.5% of the outstanding principle at the time of foreclosure + GST
Foreclosure Charges for Top Up2.5% on the future outstanding principle of the existing loan + GST
Foreclosure Charges in CCOD Cases
  • No foreclosure charges in the first 6 months
  • 4.5% on the drop-down limit amount+ GST
Mandate Rejection Service ChargeRs.450 + GST (Charges will be levied if the new mandate form is not registered within 30 days of the rejection of the previous mandate form)
CCOD Annual Maintenance Charges0.25% on the drop line amount + GST or Rs.1,000 whichever is higher
Outstation Collection ChargesRs.100 + GST
Statement of Accounts
  • Soft copy: Nil
  • Branch walk-in: Rs.250 + GST
Duplicate Repayment Schedule
  • Soft copy: Nil
  • Branch walk-in: Rs.550 + GST
Duplicate NOCRs.550 + GST
Foreclosure Letter Charges
  • Soft copy: Nil
  • Branch walk-in: Rs.199 + GST