TATA Capital offers easy personal loans up to Rs. 25 lacs at lucrative interest rates.
Avail of personal loans through a simple online process with minimal documentation or by visiting the nearest branch. Get flexible tenure up to 72 months and repay your loan in easy installments according to your convenience. With TATA capital, enjoy fast loan processing and instant disbursement of loans to meet your fund requirements for diverse financing goals.
Advantages of TATA Capital personal loans
Instant online processes for approval
You are required to submit online all the documents and other pieces of information. Once you submit all the documents, you receive principal approval.
Minimum documentation
Documentation processes are extremely easy, you need to submit only basic information and documents for a hassle-free process.
Flexible loan repayment tenure
TATA Capital ensures that you get enough time for repayment of the loans. For a stress-free repayment process, TATA capital offers very flexible tenure ranging from twelve months to seventy-two months.
Quick loans disbursal
Once the loans application is processed, it takes very little time for loans disbursal. In general cases, funds get disbursed within a few hours.
Overdraft facility
TATA Capital personal loans also provide an overdraft limit which allows you to withdraw additional funds up to a pre-arranged limit.
Personal Loan
A personal loan is a financial instrument to avail a loan for unrestricted usage. You get a personal loan without mortgaging any asset. It is an unsecured loan that can be taken without pledging any collateral. A personal loan can be availed at a set rate of interest for a fixed repayment tenure.
Documents required for a personal loan
A personal loan is a collateral-free loan but requires certain documents to ascertain the repayment capacity of the borrower. You need the following documents:
KYC documents that include Identity proof, nationality, age, etc.
Duly filled application form
Continued employment proof/employment certificate
Income proof and salary slip
Additionally, you should have a good CIBIL score. A score below 750 may reduce the chances of availing of the personal loan.
Personal loan EMI calculator
With the EMI calculator, you can calculate the equated monthly installment that you need to pay towards your interest and principal amount over the loan tenure.
If you know your EMI in advance, you can manage your budget conveniently to pay off the loan. You can also choose the right loan tenure.
Pre-payment of personal loans
Pre-payment of a personal loan refers to the payment of a personal loan before the completion of the tenure.
The borrower has to pay pre-payment charges that usually vary between 3% to 5% depending on the lending company.
Always compare not only the interest rate but also the processing charges & pre-payment, and foreclosure charges. Sometimes the company charges a low interest rate but high pre-payment charges or a penalty of foreclosure.
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