COVID-19 brought in its wake one of the gravest economic crises Indians have ever witnessed. And loan borrowers had to face the worst of it, as they had to manage their EMIs alongside a cash shortage.

Now, with the coming of the second wave, borrowers are under financial pressure yet again as states have imposed fresh lockdown restrictions. Fortunately, RBI has reintroduced the loan restructuring scheme to give borrowers some flexibility till they get back on their feet.

If you’re a long-time Tata Capital customer with a loan that you’d like to restructure, here is all the information you need.

What is loan restructuring?

Loan restructuring allows borrowers under financial distress to modify or renegotiate the loan terms, like an EMI moratorium or rescheduling of repayments, with the lender to avoid EMI defaults.

If you’re finding it challenging to manage your loan repayments, restructuring your loan might be the way to go. Here are some key points to consider while applying for loan restructuring with Tata Capital.

Key points for loan restructuring

  • With loan restructuring, you can extend your loan tenure for up to two years
  • The restructuring option is only available for business loan borrowers, micro, small, and medium enterprises (MSMEs), and small businesses.
  • You can only avail of restructuring if you have outstanding loan dues of up to Rs. 50 crore.
  • Any overdue charges will not be restructured.
  • You can’t restructure your loan if you already opted for it under the previous year’s scheme. However, you have the option of extending your loan moratorium period by two years.
  • You can apply for the scheme up to 15th September 2021.

Additional Read: RBI Loan moratorium Extension: Repayment period extended

How to apply for loan restructuring with Tata Capital?

We at Tata Capital offer a seamless restructuring experience for all our existing customers. So if you have a loan with us, here’s how you can get it restructured.

For retail loan borrowers

Step 1: Head over to our website and click the ‘Login’ option in the top-right corner.

Step 2: Select the “Retail Customer Login” option from the drop-down menu.  Next, enter your registered phone number/email address/user ID, and enter the correct OTP to log in.

Step 3: Select the Customer service > Raise New SR tab

Step 4: Once you’re on the loan restructuring page, follow the instructions prompted on the screen.

Step 5: You may need to provide a fresh NACH mandate for EMI repayments on your existing bank account.

For overdraft customers

Step 1: Visit our website and click on the ‘Login’ button located on the top right.

Step 2: From the drop-down menu, select the “Dropline Overdraft Loan” option. Next, enter your password and user ID to log in.

Step 3: Click on the “Apply for Loan Restructuring” tab.

Step 4: Once you land on the loan restructuring page, follow the instructions to complete your application.

You can also write a mail to or call our customer care to apply for restructuring. Else, visit our nearest branch.

Parting thoughts

If you have a loan with Tata Capital, you can apply for loan restructuring to ease your financial burden. Log in to your Tata Capital account today to begin your loan restructuring process.

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