Every one of us faces some kind of financial emergency at some point in our lives when we are in need of funds right away. The needs can vary from one individual to another. Some would need the fund for travel or some for funding his or her child’s education and so on. Do you know that all of these needs can be fulfilled with a Tata Capital Personal Loan without any trouble? Well, the answer is yes. You can opt for a personal loan from one of the top Non-Banking Financial Companies (NBFCs) to opt for the loan at affordable interest rates.
When you are choosing a personal loan, there are so many options at your disposal. But lower interest rates, longer tenure, higher loan amount are some of the features that you can enjoy when you opt for a Tata Capital Personal Loan. In this article, we will cover everything related to the personal loan facility provided by the Tata Capital so that you don’t have any doubt left in your mind. So, if you want to know about the features of it, eligibility criteria, interest rates and how to apply for it, etc, this article could be a good read for you. So, keep reading.
Why should you Choose Tata Capital Personal Loan?
A Tata Capital Personal Loan can be availed for several reasons such as travel, marriage, medical emergency, home renovation, etc. You are free to use the loan amount in any way you want.
An individual can fulfill his or her needs irrespective of how much amount needed as Tata Capital Personal loan can provide upto INR 25 lakh as the loan amount. You can get as low as INR 75,000.
Tata Capital Personal Loan interest rates start from 10.99% per annum. But as it is a personal loan, the interest rates depend on several factors such as Loan Amount, Monthly Income, Credit Score, Job Type, Job History, Existing Obligations, etc.
The most amazing thing about this personal loan facility is you can get a tenure of 72 months (6 years) within which you can easily repay the loan amount via EMI.
If you want to make the part or full prepayment of the loan, you don’t have to pay any extra charges to opt for this facility if your personal loan is at floating rates.
What is the Eligibility Criteria?
Before opting for a Tata Capital Personal Loan, it is important to know the eligibility criteria set by Tata Capital. This is nothing but a set of conditions that an individual must have to fulfill to get the loan amount in his or her account. On failing to meet any of one condition, you won’t be able to get the loan amount. So look carefully.
You must be 22 years of age to be eligible for a Tata Capital Personal Loan.
You must be earning a monthly income of INR 15,000.
Required Documents
You will need to submit a few basic KYC Documents while applying for the loan. It is important to know beforehand so that you can prepare accordingly. These documents include your ID Proof, Address Proof, Copies of your Pay Slips, Bank Statements, Employment Certificate, etc.
How to Apply for Tata Capital Personal Loan?
Now after knowing so much about the Tata Capital Personal Loan, you must be curious to know the application process. To apply for it, you first need to visit the official website of the Tata Capital where you will need to fill in the basic details about yourself and submit the application. As soon as you will do it, you will need to submit your documents to take the applicant ahead. The bank will verify your documents and personal loan application. After approval, the loan will be sanctioned and the amount will be disbursed into your account.
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