Three Step Guide to apply for Personal Loan Online - Personal Loan Blog - Tata Capital

Avail of Tata Capital Personal Loans in 3 Simple Steps

Feb 28, 2017

Purchasing an expensive asset or meeting emergency finance requirements become possible due to the availability of credit that is offered by financiers in the market. Many banks and Non-Banking Financial Companies (NBFCs) like Tata Capital offer loans to individuals who are in need of credit.

Personal finance is a great option for those seeking funds to fund their wedding, purchase an asset, book an international vacation, or meet educational needs, among other reasons. Tata Capital offers loans at attractive rates of interest. Besides, Tata Capital loans also offer other benefits like minimal documentation as well as quick processing. You may avail of a loan of up to INR 15 lakh to fulfill your needs. The reputed financial institution also offers customized repayment schemes tailored to suit your cash flow. You may, therefore, increase or decrease your regular installments based on the corresponding increase or decrease in your income.

Tata Capital offers an online portal where you may find loan-related information as well as apply online from the comfort of your home. Following is a three-step guide to applying for a Tata Capital personal loan online.

1. Enter your personal details

In order to check if you are eligible for the loan, you have to enter your personal information. This generally entails your name as displayed on your Permanent Account Number (PAN) card, gender, date of birth, and residential address. Besides, it is also necessary to enter your contact information. Tata Capital requires you to fill in details of the place you live at, such as the city of residence and your pin code. Lastly, you have to choose from the options of salaried individual, self-employed individual, businessperson, or professional. Such criteria aid in determining whether or not you are eligible for the loan.

2. Select loan tenure and amount

Once your loan eligibility has been determined, you may go ahead with the application process. You have to enter the amount you wish to borrow on the Tata Capital website. Additionally, you also have to select the period of time over which you wish to repay the loan. If your financial position allows you to pay higher Equated Monthly Installments (EMIs), you may opt for a short tenure. However, if you have numerous other financial expenses, you may choose to extend the repayment duration and make lower EMI payments. Tata Capital's personal loan tenure ranges from a minimum of 12 months to a maximum of 72 months.

3. Submit your application

Once you complete filling all the required details, you may submit your application by clicking the 'Submit' button. Once your application is approved, the loan amount will then be disbursed to your account.

A personal loan helps you tide over difficult financial times. It enables you to fulfill your dreams and responsibilities with ease. You may, therefore, avail of personal finance from Tata Capital and enjoy the numerous benefits this institution has to offer.