Skip to main content

Is Tata Capital Personal Loan Interest Rate Affordable?

Yes, Tata Capital Personal Loan Interest Rate is affordable and will come in your income range. So you don’t need to worry about the loan repayment. Tata Capital provides you an attractive personal loan up to INR 25 lakh at an interest rate starting from 10.99% per annum. The Tata Capital Personal Loan Interest Rate will remain fixed during the tenure, so your EMI will be paid smoothly. Let’s know more about Tata Capital Personal Loan Interest Rate and its repayment in this article below.

Factors That Will Determine Your Tata Capital Personal Loan Interest Rate!

While applying for a Tata Capital Personal, you should take care of the following factors if you want to grab an affordable interest rate -

  • Debts - Ensure you pay all your debts without any due or default. Because a good credit history might help you get the lowest Tata Capital Personal Loan Interest Rate. So when you are applying for a personal loan at Tata Capital, do check your credit report to see whether you have repaid your previous loan and credit card bills on time or not. 

  • CIBIL Score - Your CIBIL score should be a minimum of 750 if you want to apply for Tata Capital Personal Loan, so do check your CIBIL before applying for the loan. A good CIBIL score will increase your creditworthiness and this can also help you reduce the interest rate.

  • Loan Application - Don’t apply for loans simultaneously, because this might impact your CIBIL score negatively. 

  • Co-applicants - If you want to enhance your eligibility for Tata Capital Personal Loan, you can borrow this loan jointly. A co-borrower, which can be your spouse or parent who has a good income and credit score will boost your eligibility and also a low Tata Capital personal loan interest rate will apply to your borrowed loan amount.

  • Repayment Tenure - Select a suitable repayment tenure from 12 to 72 months which helps you get affordable EMI and less interest payout.

Use Tata Capital Personal Loan EMI Calculator to Decide the Repayment Tenure!

You can use the Tata Capital Personal Loan EMI Calculator to find the approximate EMI and interest amount that you’ll be paying for the borrowed loan amount. To use this calculator, you need to follow the instructions below:-

  • Visit Tata Capital official website

  • Select ‘Personal Loans’ 

  • Click the ‘EMI Calculator’ button

  • Enter your loan amount, interest rate and select the tenure

For example:-

Karan is a salaried MNC employee who needs a lumpsum of money for his family vacation. So a friend told him about the Tata Capital Personal Loan, and Karan applied for the same. And because of his good repayment history and high CIBIL score, Karan is successful in getting a Tata Capital Personal Loan Interest Rate of 11.30% per annum. So Karan uses the Tata Capital Personal Loan EMI Calculator to find his approximate EMI and interest payout. He enters the following details inside the calculator.

  • Loan amount - INR 5 lakh

  • Interest rate - 11.30% per annum

  • Tenure - 48 months

Now let’s see the Tata Capital Personal Loan EMI Calculator result -

  • EMI Amount - INR 12,996

  • Total Payable Interest - INR 1,23,795

  • Total Payable Amount (Principal + Interest) - INR 6,23,795
Labels:

Comments

Post a Comment

Popular posts from this blog

How Does IndusInd Bank Personal Loan EMI Change in The Case of Balance Transfer?

Several banks and NBFCs provide the option of a personal loan to customers who are looking to fulfill their financial needs in an urgent way. IndusInd Bank Personal Loan is one of the popular options among customers due to its affordable interest rates. But do you know about the repayment method of a personal loan? Well, it is one of the important things that several people miss to notice. That’s why we are first talking about the concept of EMI?  Well, let’s say you borrow some money from IndusInd Bank in the form of a personal loan, you can repay the amount via Equated Monthly Installments (EMI). This amount consists of a portion of both the principal and interest amounts. You must be thinking what must be the reason behind this concept of EMI? Well, lenders introduced this to make the overall repayment process smoother and simpler for individuals. The EMI amount is usually a fixed amount that you will need to clear off every month within a fixed time frame. For example, you too...
2 comments
Read more

Why Should You Borrow a PNB Personal Loan?

Earlier this year we all faced different financial situations but there is one thing that never changes, which is Punjab National Bank (PNB) efficient services for customers. And in our hard times, PNB Personal Loan helps us, so we can get our day to day needs whenever there is a financial emergency. Using PNB Personal Loan, you can borrow up to 15X your monthly income, which may be quite enough to meet your financial needs. So if you are having financial difficulties, read this page and know more about PNB Personal Loan features and benefits. Check Out for the PNB Personal Loan Eligibility! If you are interested in PNB Personal Loan, you should check out the following - Applicants should draw salary from PNB Check-off facility must be available And if you are a confirmed or permanent employee of any central or state government or PSU, you need to have a minimum experience of 2 years including the previous employer, if any. If the applicant is a confirmed or permanent employee of othe...
1 comment
Read more

Is Bajaj Finance Personal Loan Interest Rate the Best for You?

Many of us give priority to the interest rate while borrowing a loan. But our issue has been resolved with Bajaj finance personal loan interest rate . Yes, with the bajaj finance personal loan, you can avail an interest rate starting from 13.00% per annum. And this rate of interest will be dependent on your current income, credit score, monthly obligations and type of employment. As you know unsecured loans are easy to get but it's really hard to find a lender that offers you a personal loan at an affordable rate, and your need has been fulfilled by Bajaj Finance. So read this article furthermore to know the benefits of bajaj finance personal loan interest rate. List of Advantages lower interest rates means lower EMI lower EMI means affordable interest payouts use bajaj finance personal loan emi calculator for assistance loan closure before the maturity of the bajaj finance personal loan no extra cost for lower bajaj finance personal loan interest rate fixed bajaj finance personal...
1 comment
Read more