Flexi Plus Loans: Flexible Borrowing Solutions By Tata Capital

Flexi-Plus Loans is an exclusive suite of offerings that come with attractive features like Longer Tenure, Overdraft Benefits and Step-up Payment options.  Customers can enjoy true freedom, ease, and convenience with Tata Capital’s Flexi-Plus Loans benefits to meet their financial requirements.

Flexi-Plus Loans can be availed across product categories: Home Loans, Personal Loans, Business Loans, Two-Wheeler Loans, Used Car Loan, Home Loan Overdraft benefit, Loan Against Property, and Loan against Shares.

The following are exclusive features of Flexi-Plus Loans:

• Extended loan tenure given for all products, reducing the EMI burden.
  • Pay up to 15% lesser EMI per month.
• Benefits of Over Draft (Applicable for Personal Loans, Business Loans, Loan Against Property, Home Loans).
  • Here customers can opt for a loan with benefits of overdraft and pay interest as per loan amount utilisation only.
• Step-Up Loan Facility (Applicable for Personal Loan, Business loan, Used Car-Loan).
  • Pay low EMI initially and progressively pay higher EMI every year as your income increases

• You may click on the respective product tab (as seen above) on this page and apply.
• You may also apply for a loan via WhatsApp. Send a Hi to 865707 6060.
• Or call us on missed call no: 82919 55555.

The basic eligibility criteria mentioned below :

• Personal Loans:
  • You will need to meet some basic conditions to be eligible for a Personal Loan.
    • Salaried:A salaried person can get a personal loan with Tata Capital by meeting the following eligibility criteria.
      • The applicant’s age must be between 22 to 58 years
      • The applicant must have a monthly income of at least Rs.15,000
      • The applicant must have at least one year of work experience
      • Documentation:
        • The documents required to establish your credentials like Voter Card, Aadhaar Card.
        • Proof of identity and proof of residence.
        • Income documents – a copy of your bank statements for the last 6 months
        • Employment Certificate - a certificate stating 1 year of continuous employment
    • Non Salaried: A self-employed person can get a personal loan with Tata Capital by meeting the following eligibility criteria:
      • The applicant’s age must be between 22 to 58 years
      • The applicant must have a monthly income of at least Rs.15,000
      • The applicant must have at least one year of work experience
      • Documentation:
        • The documents required to establish your credentials like Voter Card, Aadhaar Card.
        • Proof of identity and proof of residence.
        • Income documents- Bank Statement for 3 months
• Business Loans
  • To avail a business loan, you must meet the following eligibility criteria:
    • You must be between 25 to 65 years of age
    • You must have a CIBIL score of 675 or above
    • You should own a business that must be profitable for three consecutive financial years
    • Your business turnover must show an upward trend
    • Your balance sheet must be audited by a registered Chartered Accountant
  • Documentation:
    • Duly filled business loan application form with two passport-sized photographs
    • Copy of Photo Identity Proof documents – Voter ID/Passport/Driving License/Aadhaar Card
    • Copy of certified bank statements for the last six months
    • Documents of Business Proof – Trade License/Establishment/Sales Tax Certificate, Declaration of Sole Proprietorship or certified copy of the Partnership Deed, Income Tax Returns (ITR)
• Used Car Loans
  • • Age – The age of the applicant must be between 21 and 65 years.
    • Income – The income of the applicant must be at least Rs. 20,000 per month (for salaried individuals) and Rs. 2 lakhs per annum (for self-employed individuals).
    • Work Stability – The applicant must have a stable employment status for a minimum of one year or stable business status for a minimum of three years. 
  • Documentation:
    • Photo Identity Proof documents – Voter’s ID/Passport/PAN Card/Driving License/Aadhaar Card
    • Income Proof documents – Copy of past three months’ bank statements, Copy of Income Tax Returns (ITR)/audited Balance Sheet and Profit and Loss Statements along with past three months’ Bank Statements
    • Copy of Salary Slips for past three months
    • Address Proof documents – Ration Card/Electricity Bill/Passport, Copy of Utility Bill/Bank Statements/Property Registration documents/Property Tax Receipt
    • Copy of Vehicle Registration Certificate
    • Copy of telephone or mobile bill
    • Copy of signature along with proof
• Two Wheeler Loans
  • • The applicant’s age must be between 21 to 60 years.
    • The applicant must have a residential stability for a minimum of one year.
    • The applicant must have a stable employment status for at least a year.
  • Documentation:
    • Identity Proof documents – Passport/Driving License/PAN Card/Aadhaar Card/Voter’s ID and recent passport-sized photographs
    • Permanent Address Proof – Passport/Aadhaar Card/Driving Licence/Voter’s ID/Recent Electricity or Gas Bill
• Loan Against Property with Overdraft Benefit
  • Salaried Individuals:
    • Segment - Working in MNC / Public Ltd. Co/ Large Pvt. Ltd. Co./State Govt/ Central Govt. / PSU
    • Age - Minimum- 25 Years and Maximum- 60 Years at loan maturity
    • Income per annum - Rs 2,40,000
    • Occupational Stability - Minimum 3 Years
    • Documentation:
      • Application Form
      • Photograph
      • Photo Identity Proof: A copy of your Voter ID / Passport / Driving License / Aadhaar Card
      • Address Proof: A copy of your Ration Card / Electricity Bill / Passport
      • Signature Verification
      • Income Proof: Submit Form 16 for last 2 years and a copy of your bank statements for the last six months
      • Salary Slips: A Copy of your Salary slips for the last three months
  • Self Employed Professionals:
    • Segment - Doctors, Architects, Chartered Accountants
    • Age - Minimum- 25 Years and Maximum- 60 Years at loan maturity
    • Income per annum - Rs 2,50,000
    • Occupational Stability - Minimum 3 Years
    • Documentation:
      • Application Form
      • Photograph
      • Photo Identity Proof: A copy of your Voter ID / Passport / Driving License / Aadhaar Card
      • Address Proof: A copy of your Ration Card / Electricity Bill / Passport
      • Signature Verification
      • Income Proof: Income Tax Return, Profit and Loss, Balance Sheet & a copy of your bank statements for the last six months
  • Self Employed Non- Professionals:
    • Segment - Traders, Retailers and wholesalers
    • Age - Minimum- 25 Years and Maximum- 60 Years at loan maturity
    • Income per annum - Rs 2,50,000
    • Occupational Stability - Minimum 3 Years
    • Documentation:
      • Application Form
      • Photograph
      • Photo Identity Proof: A copy of your Voter ID / Passport / Driving License / Aadhaar Card
      • Address Proof: A copy of your Ration Card / Electricity Bill / Passport
      • Signature Verification
      • Income Proof: Income Tax Return, Profit and Loss, Balance Sheet & a copy of your bank statements for the last six months
  • Non Individuals:
    • Segment - Firm, Pvt Ltd, Public
    • Age - N/A
    • Income per annum - Rs 3,00,000
    • Occupational Stability - Minimum 3 Years (with two years cash profit)
    • Documentation:
      • Application Form
      • Photograph
      • Photo Identity Proof: A copy of your Voter ID / Passport / Driving License / Aadhaar Card
      • Address Proof: A copy of your Ration Card / Electricity Bill / Passport
      • Signature Verification
      • Income Proof: Income Tax Return, Profit and Loss, Balance Sheet & a copy of your bank statements for the last six months
• Loan Against Shares
  • You need to be in the age group of 18-65 years.
  • Documentation:
    • Photo Identity Proof- A copy of your PAN Card
    • Address Proof (Any One)- A copy of your Ration Card / Electricity Bill / Passport
    • Bank Statements: A copy of your certified bank statements for the past 6 months showing salary credits
    • Income Proof: A copy of your ITR for the past 2 years
    • Salary Slips: A copy of your Salary slips for the last 3 month
    • Additional Documents: Your Passport size Photograph & a Security Cheque
• Home Loans

  Applicants must fulfil necessary conditions to be eligible for a Flexi-Plus Home Loan.

  • Age should be between 23 and 58 years (at the time of completion of your Flexi-Plus Home Loan)
  • Monthly income should be a minimum ₹15,000
  • A minimum of two years (for Salaried) and three years (for self-employed individuals, entrepreneurs or NRIs) of work experience is a must
  • CIBIL Score must be 700 or above

  Documents required:

  Age Proof (Any one)	Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card, School Leaving Certificate.
  Identity Proof (Any one)	Passport, Driving License, PAN Card, Voter ID.
  Residence Address Proof (Any one)	Utility Bill, Bank Statements, Property Registration Documents, Property Tax Receipt, Voter ID.
  Office Address Proof (Any one)	Employee ID Card, Appointment Letter, Letter from employer on official letterhead.
  Income Proof for Salaried Individuals (Any one)	Salary slips for the last three months, appointment letter, yearly increment letter, certified true copy of Form 16.
  Income Proof for Self-employed Individuals (Any one)	IT returns for the last two years with supportive documents, Business profile on letter head, Registration certificate for business commencement.
  Income Proof for NRIs (Any one)	Pay slips for the last six months along with employment stability documents such as appointment letter/previous employment history.
  Bank Statements for Salaried Individuals (Any one)	Bank statement for the last six months from the salary account.
  Bank Statements for Self-employed Individual (Any one)	Operative current account statement for the last six months, Bank statements for the last six months of CC/OD facilities, if taken.
  Bank Statements for NRI Applicants (Any one)	Overseas salary account details for the last six months, Indian NRE/ NRO account statements for the last six months
  Credit Report for NRI	NRI applicants should submit Credit Report of their current country of residence where ever it is applicable as per Tata Capital norms.
  Details of Existing Loan	Existing loan details should be provided through bank statements.
  Processing Fee Cheque	To be issued from the salary account for Salaried customer or the business account in case of Self
  Employed customer	Please provide Aadhaar card details as part of know your customer (KYC) document.

The maximum loan amount and loan tenure that you can avail is different for each product. Details as below

• Personal Loan:
  • Overdraft Benefit:
    • Maximum Loan amount: 25 Lacs
    • Maximum tenure: 84 months
  • Step Up Payment:
    • Maximum Loan amount: 15 lacs
    • Maximum tenure: 72 months
• Business Loan:
  • Longer Tenure:
    • Maximum Loan amount: 30 Lacs
    • Maximum tenure: 48 months
  • Overdraft Benefit:
    • Maximum Loan amount: 30 Lacs
    • Maximum tenure: 60 months
  • Step Up Payment:
    • Maximum Loan amount: 20 lacs
    • Maximum tenure: 48 months
• Used Car Loan:
  • Longer Tenure:
    • Maximum Loan amount: 10 lacs
    • Maximum tenure: 72 months
  • Overdraft Benefit:
    • Maximum Loan amount: 15 Lacs
    • Maximum tenure: 60 months
  • Step Up Payment:
    • Maximum Loan amount: 10 lacs
    • Maximum tenure: 72 months
• Two Wheeler Loan:
  • Longer Tenure:
    • Maximum Loan amount:
      • Up to Rs. 1 Lac for Non-Royal Enfield Two Wheelers
      • Up to Rs. 1.5L for Royal Enfield Two Wheelers
    • Maximum tenure:
      • 48 months for for Non-Royal Enfield Two Wheelers
      • 60 months for Royal Enfield Two Wheelers
• Loan Against Property:
  • Long Tenure Product:
    • Maximum Loan amount: 1 Cr
    • Maximum tenure: 240 months
  • Overdraft Drop Down Benefit:
    • Maximum Loan amount: 1 Cr
    • Maximum tenure: 120 months
• Loan Against Shares
  • Maximum Loan amount: 20 Cr (Upto 40 Cr for HNI Customers)
  • Maximum tenure: 12 months (with auto renew facility)
• Home Loans

  Home Loan Online provides an enhanced eligibility calculator showing Loan Amount, EMI, Interest Rate and Flexi-Plus Loans Tenue up to 30 years. You can use the interactive eligibility calculator to slide to your required eligible loan amount and tenure.

  • • Maximum loan amount: 5 crs
    • Maximum tenure: 30 years
  • Overdraft Drop Down Facility:
    • Maximum Loan amount: 2 crs
    • Maximum tenure: 180 months

• Instant approval and 100% digital Flexi-Plus Home Loan application process
• Special Rate of Interest starting 6.85%*
• Special Offer on Processing fees – Initial Processing Fee ₹ 999 + GST/-
• Minimum documentation
• Instant generation of e-Sanction letter

The following are exclusive features of Flexi-Plus Personal Loans:

• Lower minimum income criteria of Rs.15,000
• Longer Repayment Tenure – An extra one year provided for repayment. Up to 72 months instead of 60 months
• Overdraft Benefit - You can utilise the loan limit whenever you need money and pay interest only on the utilised portion of the limit for the initial 2 years. Principal repayment starts after 2 years. Pay back whenever you have extra funds.
  • Long tenure of 84 months with 2 years Interest Only Repayment Period. Pay only interest on utilised limit for first 24 months. Principal repayment starts from 25th month.
  • Flexibility to pay whenever you have extra funds and use Overdraft whenever you need funds.
  • Flexibility to get Overdraft sanctioned for maximum eligibility and no need to apply for a fresh loan if you need funds again. Use limit as per your fund requirement.
• Step-Up Loan- The EMI amount for the 1st year is lower and increases by certain amount every year. Staggering the burden of EMI year on year.
  • Low EMI burden.
  • Flexibility to pay as per your income. Pay low EMI initially and progressively pay higher EMI every year as your income increases.

The following are exclusive features of Flexi-Plus Business Loans:

• Longer Tenure:
  • Term Loan:Up to 4 years instead of 3 years;
  • Overdraft Loan:Up to 5 years instead of 3 years
• Benefits of Overdraft - Interest payable will only be on utilised portion of the limit for initial 1 year. No principal repayment required in the first year. Utilise the limit only when you need money. Payback whenever you have extra funds.
  • Long tenure: Long tenure of up to 60 months with 1 year’s Interest Only Repayment Period. Pay only interest on utilised limit for first 12 months. Principal repayment starts from 13th month.
  • Flexibility to pay whenever you have extra funds and use overdraft whenever you need funds.
  • Flexibility to get OD sanctioned for maximum eligibility and no need to apply for a fresh loan if you need funds again. Use limit as per your fund requirement.
  • Higher Tenure of 72 months for Self Employed Professionals with Overdraft Benefits.
• Step Up Loan- The EMI amount for the 1st year is lower and increases by certain amount every year. Staggering the burden of EMI year on year.
  • Flexibility to pay as per your income. Pay low EMI initially and progressively pay higher EMI every year as your income increases.

Whether you want to expand your business, or you need funds for your personal use, our Loan Against Property will cover all your financial needs

Key benefits:

• Loan Tenure up to 20 years
• Higher Eligibility
• Quick Processing

• Higher Loan tenure up to 6 years.
• Benefits of Overdraft Benefits against collateral is available for existing customers of used car loan. Here the interest can be served on monthly basis on amount utilized.
• High Loan Amount – Based on the valuation of car, loan can be extended up to INR 50 lacs.
• Digital on-boarding of the customer with CKYC, OKYC, ENACH and repurchase scorecard up to INR 10 lacs integrated under front end system.
• Loan funding up to 110% in case of repurchase plus.
• Loan funding up to 250% in case of balance transfer facility.

• Higher Loan tenure up to 48 months for all except Royal Enfield, tenure up to 60 months for Royal Enfield
• Up to 100% LTV, which translates to maximum loan amount offering
• Maximum Loan amount of Rs.1 Lac for all except Royal Enfield, Maximum Rs. 1.50 lacs for Royal Enfield
• No income proof documents required
• Digital on-boarding with CKYC/ OKYC, ENACH and instant loan decision

 You can now pledge your Equity Shares, Mutual Fund Units, Non-Convertible Debentures, Fixed Maturity Plan, Bonds, Debt instruments & Government Schemes and avail loan up to 20Cr (Up to 40 Cr for HNI Customers).

The overdraft benefit can be taken on this loan without any facility fee. There will be no part payment, foreclosure charges as well under this scheme.  

• If a customer has taken a step-up facility and then makes a prepayment/part payment, then the flexi option will get converted to a normal EMI.
• All other eligibility criteria will be as per the discretion of Tata Capital Limited and Tata Capital Housing Finance Limited.

 The loan disbursal can take up to 2 to 8 days, depending on the product you have applied for.

 Flexi-Plus Loans are available for a limited period only. The period is from 1st Jan 2022 to 31^st March 2022. The last date to apply is 31^st March 2022.

 The eligibility criteria for each individual product has been specified in their respective descriptions/FAQs.

Therefore, in case some of your details have not matched the respective eligibility, your application has not been accepted.  

 Yes. You can apply for different products under this scheme.  

 Yes, you can apply via your Sales representative for all loan the provided loan segments. Click https://www.tatacapital.com/contact-us/branch-locator.html  to locate a branch or you can give a missed call on 82919 55555.  

Our Flexi-Plus Home Loans are tailored to help you cover costs across your housing needs. The Flex-Plus Home Loan can be used for the following reasons:

• Buy a new home/apartment
• Buy a plot/or build a house on it
• Remodelling
• To add new built-up area

Applicants must fulfil necessary conditions to be eligible for a Home Loan

• Age should be between 23 and 58 years (at the time of completion of your home loan)
• Monthly income should be a minimum ₹15,000
• A minimum of two years (for Salaried) and three years (for self-employed individuals, entrepreneurs or NRIs) of work experience is a must
• CIBIL Score must be 700 or above

Yes, the e-Sanction letter will be generated online in the journey. The e-Sanction letter will have a validity of 60 days.

Yes, to avail the e-Sanction Letter, there is a special offer on initial processing fees of ₹999 + GST only with nil balance processing fees.

Yes, it is advisable to add co-applicant(s) to your Flexi-Plus Home Loan application.

Adding a Co-Applicant will help to increase your eligibility or to increase the stability of your loan.

The Monthly Take Home is your net Monthly Salary as per your payslip after deductions (such as PF and tax). Do not include cash payments or any kind of incentives/variable pay.

The total EMIs paid per month are the sum of all monthly payments that you are making on all your current open loans, which are also your obligations.

The Annual Other Income includes your Total Annual Income apart from your salary and annual bonus / business income.

The Annual Business Income is calculated as (PAT) + (Depreciation & Amortization) + (Remuneration to Directors/Partners).

To analyse your transactions, you would have an option to log in to your net banking or upload bank statements. For ITR Form, you would have an option to log in to ITR or upload your ITR Statements.

We would need to analyse your transactions for the last 12 months and the ITR Forms for the last 2 years. This would help us processing your loan request in a faster, convenient and a secured manner.

Please note that your bank statements / personal data will be completely secure and undisclosed. Rest assured, your passwords or any access details are not stored. Your privacy is always protected.

In case the Statement is password protected, the original password protected document and decrypted version of the same would be stored in our databases as may be required/permitted under applicable law. Your privacy is always protected.

Please note that your ITR documents / personal data will be completely secure and undisclosed. Rest assured, your passwords or any access details are not stored.

It is advisable to upload all the documents which are available at your end. This would help us processing your loan request faster and provide you with a better eligibility.

The maximum size for any file that you would need to upload is 5 MB. The acceptable formats for document upload are pdf, png, jpeg and jpg.

Our representatives will connect with you regarding your Flexi-Plus Home Loan Online application and process it further.

To track the status of your application, please click here. Alternatively, you can also check the status of the application or for any assistance, call on our toll free number 1860 267 6060 between 9:00 a.m. - 6:00 p.m. from Monday to Saturday (Except Public Holidays and Sundays).

• Login ID and password is received within 48 hours of the contract booking.
• SMS is sent on the customer’s registered mobile number with us, which contains login ID
• Password and Welcome letter are sent on email address registered with us at the same time.

• Funds available on a click of a button
• Higher OD Tenure up to 15 years
• Reduce liability through rundown of facility vide monthly principal repayment
• Interest levied only on utilised amount thereby reducing interest cost
• Avail benefits of OD loan up to ₹ 2 crores

No, the overdraft amount utilised by the customer will be chargeable at the Rate of Interest applicable to the product

Minimum of Rs 5 lakh and maximum of Rs 2 crore overdraft amount is offered under this product.

Yes, an existing Loan customers can avail of this product in the form of Top Up over existing loan.

New customer can be offered benefits of overdraft facility subject to first a Flexi-Plus Home Loan disbursal from Tata Capital Housing Finance Limited (min. 5% disbursal in the Flexi-Plus Home Loan contract and rest can be set up as overdraft limit)

Loan account details are available on an online portal for which Login ID and password is received within 48 hours of the contract booking.

The facility offered is drop line overdraft where the principal will get reduced every month by a fixed percentage.

Dropline % per month = Sanction OD limit / Tenure in terms of months.

In case of overdues in the account, overdraft facility will be frozen. Please note 2% p.m. over and above the applicable interest rate shall be charged in case of delayed payment of interest, principal amount of the Loan or monies payable under the Loan agreement / Facility documents from the due date till the date of receipt or on the occurrence of an event of default under the facility documents till the time such default is cured

Yes the overdraft facility can be closed.

Part pre-payment and Foreclosure Charges will be applicable as per below details:

Note:

a.       Foreclosure Charges will be levied on applicable Credit Limit.In case of loans where interest is fixed for initial period and then floating, the foreclosure norms for floating rate of interest loans would be applicable on loan being converted into floating rate.

b.       Customer can close Flexi-Plus Home Loan where he has Overdraft however noc and property papers can only be released when Overdraft loan is closed.

No customer cannot close Flexi-Plus Home Loan while keeping the OD facility on.

Whether you needed the funds to expand your business or have to meet your personal requirements, we work with you to make sure you have the funds you need. Here are some uses for Loan Against Property:

·         Meet Working Capital needs

·         Investments

·         Asset acquisition

·         Consolidation of debt

·         Mortgage buyout

Whether you are salaried, self-employed or a business enterprise, we have set basic eligibility for Loan Against Property. Here’s a handy guide to keep in mind.

To check how much Loan you can repay, try our Loan Against Property EMI Calculator

• Loan Tenure up to 20 years
• Higher Eligibility   
• Quick Processing

 You can take up to 240 months to repay your loan subject with your eligibility.

To track the status of your application, please click here. Alternatively, you can also check the status of the application or for any assistance, call on our toll free number 1860 267 6060 between 9:00 a.m. - 6:00 p.m. from Monday to Saturday (Except Public Holidays and Sundays).

We only need some basic documents to process your Loan Against Property. Here’s a handy guide to keep in mind.

Self-occupied residential property, commercial property (offices, shops etc.) and alternate property (Residential plots, Industrial property) can be considered as collaterals.

Flexi Plus is a flexible loan structure that allows you to withdraw funds within an approved limit and generally pay interest only on the utilised amount. It combines elements of a term loan and an overdraft style facility, subject to lender terms.

You can apply through the official Tata Capital website by completing the digital application form, uploading required documents and submitting your details for eligibility assessment.

Documents typically include identity proof, address proof, PAN, income documents such as salary slips or bank statements, and employment details. Exact requirements depend on the product and applicant profile.

Flexi Plus loans may offer flexible withdrawals within a sanctioned limit and interest charged only on utilised funds. Regular personal loans usually disburse a lump sum and interest is applied on the full amount.

Prepayment and foreclosure terms vary by product and borrower category. Applicants should review the sanction letter and applicable terms before proceeding.

Eligibility depends on age, income, employment stability, credit score and internal credit assessment criteria defined by the lender.

Under the overdraft style feature, you can withdraw funds as needed within the approved limit. Interest is generally calculated on the utilised portion, subject to the loan agreement.

A limit enhancement may be considered based on repayment track record, updated income details and internal policies. Approval remains subject to credit evaluation.