Tata Capital Personal Loan

Tata Capital provides personal loans at competitive interest rates, starting from 10.99% per annum. You can borrow up to Rs. 35 lakhs 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% p.a. onwards
Tenure
6 Years
Processing Fee
Up to 4.00%
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Fees & Eligibility
Fees & Charges
  • You can begin paying part of the loan early only after 6 months. After that, you’re allowed to make them just once a year, and there must be at least a 6-month gap between each one.
  • You can’t pay more than 25% of the remaining loan amount in advance.
  • If you prepay more than 25% of the principal amount, a 2.5% fee plus applicable taxes will be charged.
  • You can close the loan only after 6 months. If you do, you’ll have to pay a fee of 3.5% plus GST on the remaining loan amount.
  • 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.
  • You must have been working with your 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 FeeUp to 5.5% of the loan amount plus GST
Penal Interest3% per month on the overdue amount plus GST
Cheque / ECS Bounce Charges₹600 + GST for every failed payment
Post-Dated Cheque Charges₹850 + GST
Loan Cancellation Charges2% of the loan amount or ₹5,750 (whichever is higher)
Instrument Swapping Charges₹550 + GST
Prepayment Rules
  • No part payment allowed in the first 6 months
  • Only one prepayment allowed in a year
  • Gap of 6 months required between two part payments
Prepayment Charges
  • No charge on part payment up to 25% of outstanding principal
  • 2.5% + GST charged on amount exceeding 25%
Foreclosure Charges
  • No charges if closed within first 6 months
  • After 6 months, you will be charged 4.5% of the remaining loan amount, plus GST.
Top-Up Loan Foreclosure Charges2.5% of remaining loan amount + GST
CCOD Foreclosure Charges
  • No charges in the first 6 months
  • After that: 4.5% on drop-down limit + GST
Mandate Rejection Charges₹450 + GST (if new mandate is not registered within 30 days)
CCOD Annual Maintenance Charges0.25% of drop-line amount + GST or ₹1,000 (whichever is higher)
Outstation Collection Charges₹100 + GST
Statement of Account Charges
  • Soft copy: Free
  • Branch visit: ₹250 + GST
Duplicate Repayment Schedule
  • Soft copy: Free
  • Branch visit: ₹550 + GST
Duplicate NOC Charges₹550 + GST
Foreclosure Letter Charges
  • Soft copy: Free
  • Branch visit: ₹199 + GST
Frequently Asked Questions

What are the prepayment or loan closure charges for a Tata Capital Personal Loan?

If you repay or make a part payment after 180 days from loan disbursal and the amount is up to 25% of the outstanding loan, there are no charges. If you pay more than 25%, a 2% fee is charged on the extra amount.

How can I track my Tata Capital Personal Loan application status?

You will receive updates through SMS and email. If you applied through RatingOK, you can also check the status by logging into your RatingOK account or by contacting customer support.

Is there any processing fee on a Tata Capital Personal Loan?

Yes, a processing fee is charged at the time of loan approval. The amount depends on the loan size and tenure.

Can I use a Tata Capital Personal Loan for business and get a top-up later?

Yes, the loan can be used for business purposes. You can also apply for a top-up loan after paying 8 to 18 EMIs on your existing loan.

Can I get my loan statement online and was a moratorium available earlier?

Yes, your loan statement can be sent to your registered email ID. A moratorium was available earlier as per RBI guidelines, but interest continued to add to the loan amount during that period.