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Tata Capital > Blog > Personal Use Loan > Urgent need of funding up to 1.5 lacs in next 24 hours, may I help?

Personal Use Loan

Urgent need of funding up to 1.5 lacs in next 24 hours, may I help?

Urgent need of funding up to 1.5 lacs in next 24 hours, may I help?

In times of financial emergencies, finding a quick and reliable source of funds can be daunting. This can often leave you feeling helpless and overwhelmed, wondering—‘I need 1.5 lakh rupees urgently, what should I do?’

If you’re facing such a predicament and need a 1.5 lakh loan in the next 24 hours, we’ve got you covered. With an instant small personal loan up to 1.5 lakhs, you can access the required funds quickly and conveniently without dipping into your savings.

In this blog, we will explore small personal loans in detail and guide you through the process of availing up to Rs. 1.5 lakh within 24 hours. 

What is a Small Personal Loan?

A small personal loan is a low-value loan that you can borrow to cover your urgent financial needs. It is called ‘small’ because the loan amount is smaller than other loans, such as home or business loans.

Small personal loans are typically unsecured, which means you don’t have to pledge any asset or security as collateral. Additionally, these loans have a short approval process and require minimal documentation, making them a viable solution for borrowers seeking immediate access to funds.

You can use small personal loans for various purposes, including debt consolidation, home improvements, and small purchases. They typically have a repayment tenure ranging from a few months to a few years.

With Tata Capital, you can avail of small personal loans ranging from Rs. 40,000 to Rs. 1.5 lakhs. With our minimal documentation requirements and simple eligibility criteria, you can borrow up to Rs. 1.5 lakh in just 24 hours.

What are the eligibility criteria to get a loan of Rs. 1.5 lakh? 

To get a small personal loan from Tata Capital, you must fulfil the following eligibility criteria:

- You must have a minimum salary of ₹15,000

- You must have at least 1 year of work experience

- Your age must be between 22 and 58 years

Documents required for a small personal loan

At Tata Capital, we have minimal documentation requirements for a small personal loan. This includes:

-Photo Identity Proof: Voter ID, Aadhaar card, Driving License, or passport

-Address Proof: Voter ID, Aadhaar card, Driving License, or passport

-Income Proof: ITRs, Salary slips, or bank statements for the last six months

-Employment Certificate: A certificate stating one year of stable employment

How can you apply for a 1.5 lakh personal loan?

You can easily apply for a small personal loan of up to Rs. 1.5 lakh with Tata Capital online and offline. Here’s how:

1. Online application process

Follow these steps to apply for a small personal loan online:

Step 1: Visit Tata Capital’s official website and navigate to the small personal loans page.

Step 2- Click ‘Apply Now’ and fill in the required details.

Step 3- Upload soft copies of the required documents and click ‘Submit’.

That’s it. We’ll verify the information and get back to you in a few minutes.

2. Offline application process

If you’re not comfortable applying online, you can also submit your application offline. Here’s how:

Step 1- Visit your nearest Tata Capital branch.

Step 2- Submit the short personal loan application along with the required documents.

You can also contact a Tata Capital agent over the phone. We will verify your loan application and documents, and if there are no discrepancies, your loan will be approved, and our team will guide you for the next steps.

What are the features of a small personal loan?

Small personal loans are packed with exciting features that make them popular among borrowers seeking immediate financial assistance. Let’s explore these features in detail.

 1. Quick application and disbursal 

You don't have to wait for weeks to access the loan amount post-approval. Small personal loans have a quick application and disbursal process, making it easier for you to get up to Rs. 1.5 lakhs within 24 hours.

2. No collateral

Apersonal loan of up to 1.5 lakhs is unsecured, which means you don't have to pledge any property or asset as security to obtain the loan.

3. Nominal processing fee

When you apply for a smallpersonal loan of 1.5 lakh withTata Capital, you only have to pay a nominal processing fee of 2%.

4. Competitive interest rates

The interest rate on small personal loans can vary depending on various factors, including your credit score, income, and the lender's policies. At Tata Capital, we offer small personal loans at competitive interest rates starting at just 10.99%.

5. Higher flexibility

A small personal loan is multipurpose. This means you can use it to fund any big-ticket expense—funding your dream vacation, paying for your children’s higher education, covering unexpected medical emergencies, or renovating your home.

6. Minimal paperwork

You do not need extensive paperwork to apply for a small personal loan. All you need is ID proof, address proof, employment certificate, and income proof.

7. Flexible repayment terms

You can get a Rs. 1.5lakh loan from Tata Capital at flexible EMI terms. We offer two EMI options—standard and flexible to help you manage your repayments comfortably. With the standard EMI option, you can pay fixed monthly instalments. The flexible EMI option allows you to gradually increase your EMI amount as your income increases.You can also select a flexible EMI tenure between 18 to 36 months to repay the loan at your convenience.

In a nutshell

When faced with an urgent financial need of up to Rs. 1.5 lakhs, Tata Capital's small personal loan can be a reliable solution. We have a quick, hassle-free, and streamlined process that ensures you get access to funds within 24 hours. You can submit your loan application online or offline and manage your financial emergencies with ease.

Moreover, we offer the best interest rates in the market, ensuring you can repay the loan comfortably without straining your monthly budget. Visit our website to apply for a small capital loan today.

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