Personal Loan
- Loan up to ₹35 Lakhs*
- Interest Rates Starting from 10.99%* p.a.
- Instant Loan Disbursal*
Disclaimer: The aforementioned values, calculations and results are for illustrative and informational purposes only and may vary basis various parameters laid down by Tata Capital.
Thank you for your application
Instant Personal Loan Online Up to Rs. 35 Lakh*
A Personal Loan is an unsecured loan that helps you meet planned and unexpected expenses, such as weddings, home renovations, travel, education, medical emergencies, or debt consolidation, without pledging any collateral. Apply for a Personal Loan with Tata Capital and get funding of up to ₹35 Lakh* through a seamless digital process, along with minimal documentation, quick processing, fast disbursal for eligible applicants, flexible repayment options, and low Personal Loan Interest Rates.
Disclaimer: Personal Loans are at the sole discretion of Tata Capital Limited (TCL). Terms and conditions apply.
-
Loan amount offered
₹40,000 - ₹35,00,000
-
Loan tenure
Upto 6 Years
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Interest rate starting @
10.99% p.a
Why Choose Tata Capital for a Personal Loan?
Tata Capital is a name you can trust. We believe in a customer-first approach and ensure a transparent process to build a relationship of reliability. Securing personal loans online or offline from us is beneficial in more than one way:
- Attractive interest rates: Enjoy competitive and affordable loan rates.
- Flexible EMI options: Choose repayment plans that fit your budget.
- No collateral required: Get funds without pledging any asset.
- Quick disbursal: Fast approval and instant fund transfer for urgent needs.
Features and benefits of Tata Capital Personal Loan
Interest Rate & Charges for Personal Loan
Low Interest Rate
Rates start at 10.99% p.a.*, charged on a reducing balance — so you only pay interest on what you still owe, not the original loan amount. Your final rate depends on eligibility and Tata Capital's credit assessment
Processing Fee
A processing fee of up to 5% applies on your loan amount, plus applicable taxes. Where you land within that range depends on the specific loan offer extended to you.
Loan Tenure
You can spread repayments over a tenure of up to 6 years, picking an EMI that sits comfortably within your monthly budget instead of stretching it thin.
Explore the complete Personal Loan Fees & Charges before you apply.
Personal Loan Eligibility Criteria
For Salaried Individuals
Age: 21 to 58 years
Minimum monthly income: ₹20,000
Employment stability: Minimum 1 year at current job, 2 years total experience
CIBIL score: 725+ preferred
Nationality: Indian resident
Documents Required for Personal Loan
Identity and Age Proof
PAN card (mandatory)
Aadhaar card
Voter ID, passport, or driving licence
Address Proof
Aadhaar card
Utility bill (electricity, water, gas)
Passport or rent agreement
Income and Financial Proof
For Salaried Individuals:
Latest 3 months' salary slips
Form 16 for the last 2 years
Bank statements for last 3-6 months of salary account
Employment ID card or offer letter
How to Apply for Personal Loan
Step 1
Enter details.
Step 2
Input loan requirements.
Step 3
Personal details.
Step 4
Set up your e-mandate.
Step 5
Additional facility.
Step 6
Instant personal Loan Disbursement
Factors That Affect Your Personal Loan Eligibility
Your Personal Loan eligibility depends on multiple financial and personal factors that help determine your repayment capacity and creditworthiness.
Monthly income and repayment capacity – A stable income and healthy repayment capacity improve your chances of qualifying for a Personal Loan.
Employment type – Salaried employees and self-employed professionals may have different eligibility requirements and documentation.
Credit Score and repayment history – A good Credit Score and consistent repayment history can improve your loan approval prospects.
Existing EMIs and financial commitments – Lower outstanding debt and manageable EMIs help demonstrate stronger repayment ability.
Age and preferred loan tenure – Your age and selected loan tenure may influence loan eligibility and repayment options.
Accurate application details – Providing complete and correct information helps ensure a smooth verification and approval process.
Things to Consider Before Applying for a Personal Loan
Reviewing a few important factors before applying can help you choose a Personal Loan that suits your financial needs and repayment ability.
Maintain a Healthy Credit Score – A good Credit Score and timely repayments improve your loan eligibility and may help you qualify for better interest rates.
Compare Personal Loan Offers – Compare interest rates, charges, loan features, and repayment options to choose the Personal Loan that best fits your needs.
Understand the Total Loan Cost – Consider processing fees, interest charges, and other applicable costs instead of focusing only on the monthly EMI.
Choose a Suitable Loan Tenure – Select a repayment tenure that keeps your EMIs affordable while helping you manage the overall borrowing cost.
Borrow Only What You Need – Apply for a loan amount that matches your financial requirement and repayment capacity to avoid unnecessary debt.
Common Reasons Why a Personal Loan Application May Be Rejected
Knowing the common reasons for loan rejection can help you prepare better and improve your chances of approval.
Low Credit Score – A poor credit history may reduce your chances of loan approval.
Insufficient or unstable income – Your income should support the requested loan amount and monthly repayments.
High existing financial obligations – Multiple ongoing loans or high EMIs may affect repayment capacity.
Incomplete or incorrect documents – Missing or inaccurate information can delay or impact the application process.
Errors in the application form – Incorrect personal or financial details may lead to verification issues.
Multiple loan applications in a short period – Frequent applications may affect your credit profile and approval chances.
Tips to Improve Your Chances of Personal Loan Approval
A few simple financial habits can strengthen your loan application and improve your chances of getting approved with confidence.
Maintain a healthy Credit Score – Pay your EMIs and credit card bills on time to build a strong credit profile.
Keep your documents updated – Ensure all required documents are accurate and readily available during the application process.
Check your eligibility before applying – Reviewing the eligibility criteria beforehand can help you avoid unnecessary application rejections.
Reduce existing EMIs and debt – Lower financial commitments can improve your repayment capacity and eligibility.
Show stable income and employment – Consistent income demonstrates your ability to repay the loan comfortably.
Use your primary bank account – Applying through your regular banking relationship may help streamline the verification process.
Impact of Credit Score on Personal Loan Interest Rates and Loan Amount
A good credit score for a Personal Loan may help you secure a more favourable interest rate, subject to the lender’s assessment.
Your credit score for a Personal Loan may influence the loan amount offered, along with income, obligations, and repayment capacity.
A strong credit score for a Personal Loan may improve your chances of qualifying for better loan terms and repayment options.
A lower credit score for a Personal Loan may result in higher interest rates, a lower loan amount, or stricter terms.
Maintaining a healthy credit score for a Personal Loan can strengthen your application and potentially improve your overall borrowing options.
Personal Loans for Different Budgets
- ₹2 Lakh Personal Loan
- ₹3 Lakhs Personal Loan
- ₹4 Lakhs Personal Loan
- ₹5 Lakhs Personal Loan
- ₹6 Lakhs Personal Loan
- ₹7 Lakhs Personal Loan
- ₹8 Lakhs Personal Loan
- ₹9 Lakhs Personal Loan
- ₹10 Lakhs Personal Loan
- ₹15 Lakhs Personal Loan
- ₹20 Lakhs Personal Loan
- ₹25 Lakhs Personal Loan
- ₹30 Lakhs Personal Loan
How to Apply for Personal Loan Online?
Offline Process for Personal Loan Application
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Get Instant Personal Loans with the Best Deals
Get the best loan deals with our pre-approved offers
- Starting at 10.99% interest rate
- Processing Fee - Up to 5% of the Loan amount + GST
Avail TATA Capital loans directly from WhatsApp
FAQs on Personal Loan
What documents are required to apply for a personal loan?
- A signed and duly filled loan application form
- Passport-sized photographs
- KYC documents: A copy of passport/driving license/PAN Card/Voter’s ID/Aadhaar Card
- Date of birth proof: A copy of PAN Card/Aadhaar Card/driving license/passport/birth certificate/school leaving certificate
- Signature proof: A copy of any one of the following:
- PAN Card
- Passport
- Banker’s verification
- Income proof: Bank statements and salary slips for the past 3 months (salaried employees); latest ITR and audited balance sheet and profit & loss accounts for the past 2 years (self-employed individuals)
How can I check my personal loan application status?
After you submit your loan application, you receive an application ID. You can track the status of your personal loan application by entering your application ID on the website or contacting the customer service.
Is it possible to get a personal loan with a low CIBIL score?
Yes, while you can get a personal loan with a low CIBIL score, approval can be challenging, with the need for additional documents related to your income stability. Lenders may also charge higher interest rates or demand a co-applicant. Thus, you must improve your CIBIL score before applying to negotiate better loan terms.
What are the key benefits of choosing Tata Capital for a personal loan?
The benefits of securing a personal loan from Tata Capital are:
- Competitive interest rates
- Flexible amount
- Paperless application process
- No collateral required
- Minimal documentation
- Instant disbursal
- Customized repayment options
- Dedicated customer support
Can I get a top-up on my existing personal loan?
Yes, you can get a top-up on your existing personal loan if you have a good repayment history and a borrower-lender relationship. You will need to submit the required documents while applying.
What is the difference between a personal loan and a credit card?
A personal loan is a fixed lump-sum amount of money, whereas a credit card offers a revolving line of credit. A personal loan is repaid through fixed monthly installments over a long repayment tenure, but a credit card has a shorter repayment window. The interest rates on a personal loan are lower and fixed compared to the interest rates on a credit card, which vary.
What are the various ways to repay my personal loan EMI?
The various ways to repay your personal loan EMI are:
- Setting up an auto-debit mandate (NACH/ECS)
- Paying EMIs through NetBanking or UPI
- Depositing installments through cheque or demand draft
Does a personal loan from Tata Capital offer tax benefits?
A personal loan doesn’t offer tax benefits like education loans or home loans. However, you can claim different deductions and exemptions if you use the funds received from the personal loan for business purposes, home improvement, or purchasing or constructing residential property.
Are there any discounts or offers when applying online for a personal loan?
Yes, many lenders provide exclusive online offers. These provide lower interest rates, instant approval benefits, or zero processing fees. You can get these offers during festive seasons or special campaigns.
How to improve credit score for better loan terms?
You must pay EMI and credit card payments on time, keep your credit utilization below 30%, and avoid multiple loan applications to maintain a good credit score. You must also review your credit report regularly. If you find errors, inform the authorities or raise concerns.
What is a Personal Loan?
A Personal Loan is an unsecured loan that helps you meet planned or unexpected expenses without pledging any collateral. You can use a Personal Loan for purposes such as home renovation, medical emergencies, weddings, travel, higher education, or debt consolidation.
How does a Personal Loan work?
Once your Personal Loan application is approved, the loan amount is disbursed to your bank account. You repay the borrowed amount through fixed monthly EMIs over the chosen loan tenure. Your EMI includes both the principal and applicable interest, making repayment simple and predictable.
Do I need to provide collateral or security for a Personal Loan?
No. A Tata Capital Personal Loan is an unsecured loan, so you don't need to pledge property, gold, or any other asset as collateral.
Can I use a Personal Loan for debt consolidation?
Yes. You can use a Personal Loan to consolidate multiple existing debts into a single loan. This can simplify repayment by replacing multiple EMIs with one monthly payment and may help you manage your finances more effectively.
Does a Personal Loan balance transfer affect my credit score?
A Personal Loan balance transfer itself does not negatively affect your credit score when managed responsibly. Making timely EMI payments after the transfer and maintaining a healthy repayment history can improve your overall credit profile.
Can I transfer my existing Personal Loan?
Yes. If you have an existing Personal Loan with another lender, you may be eligible to transfer it to Tata Capital through a Personal Loan Balance Transfer.
Can I get a Top-up on my existing Personal Loan?
Yes. If you have an existing Personal Loan, you may be eligible for a Top-up Personal Loan. It lets you borrow additional funds from your current lender without applying for a new loan.
What can I use a Personal Loan for?
A Personal Loan can be used for a variety of personal expenses, including weddings, medical emergencies, home renovation, travel, higher education, debt consolidation, or other planned and unexpected financial needs.
Can I get a Personal Loan without processing fees?
Yes. Festive or limited-period Personal Loan offers with reduced or zero processing fees may be available for eligible customers.
What is the maximum loan tenure for a Personal Loan?
Tata Capital offers flexible repayment tenures of up to 6 years.
How can I get a Personal Loan?
You can apply for a Tata Capital Personal Loan online by submitting the required details and documents. Once approved, eligible applicants can receive the loan amount in their bank account.
What is the minimum and maximum Personal Loan amount I can get?
What are the eligibility criteria for availing a Personal Loan?
Eligibility for a Tata Capital Personal Loan depends on factors such as your age, income, employment profile, repayment capacity, credit history, and other internal assessment criteria. Meeting the eligibility requirements can improve your chances of loan approval.
How is a Personal Loan interest rate calculated?
Your Personal Loan interest rate is determined based on factors such as your credit score, income, employment profile, repayment history, loan amount, and tenure.
Is there any stamp duty applicable for taking a Personal Loan?
Yes. Stamp duty may be applicable on a Personal Loan as per the laws and regulations of your respective state. The applicable amount, if any, will be communicated during the loan application process.
Can I prepay my Personal Loan?
Yes. You can prepay your Personal Loan as per the applicable terms and conditions. This may help reduce your outstanding balance and overall interest payable. Applicable charges, if any, will be mentioned in your loan agreement.
Can I apply for a Personal Loan if I already have an ongoing loan?
Yes. You may still be eligible for a Tata Capital Personal Loan even if you have an existing loan. Your eligibility will depend on factors such as your income, existing financial obligations, repayment history, and credit profile.
Can I get a Personal Loan if I am self-employed?
Yes. Self-employed individuals can apply for a Personal Loan if they meet the applicable eligibility criteria, income requirements, and credit assessment.
What happens if I miss my Personal Loan EMI once?
Missing a Personal Loan EMI may result in late payment charges and can negatively impact your credit score. If you're unable to make your EMI payment on time, it's advisable to reach out promptly to discuss the available repayment options and avoid additional consequences.
How long does it take to get a Personal Loan approved?
The approval time for a Tata Capital Personal Loan depends on your eligibility, the accuracy of the information provided, and successful document verification. Eligible applicants who complete the online application and verification process may receive loan approval quickly through our seamless digital process.
How long does it take to get a Personal Loan disbursed?
Once your Personal Loan is approved and all required formalities are completed, the loan amount is disbursed to your registered bank account. Tata Capital aims to ensure quick processing and fast disbursal for eligible applicants, helping you access funds when you need them.
Can I foreclose my Personal Loan before the loan tenure ends?
Yes. You can foreclose your Personal Loan before the loan tenure ends, subject to the applicable terms, conditions, and foreclosure policy.
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Last updated on: 10 Sep, 2026
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