What are the charges for prepayment or foreclosure?

At Tata Capital, the charges for part-prepayment and foreclosure are as follows: Part-prepayment: No charges if the amount prepaid is up to 25% of the disbursed loan during the entire tenure. If done within 12 months, the charge is 6.5% of the part-prepayment amount. If done after 12 months, the charge is 4.5% of the part-prepayment amount. Foreclosure: 6.5% of the outstanding principal if the loan is closed within 12 months. 4.5% of the outstanding principal if closed after 12 months.

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1 Lakh Personal Loan

₹1 Lakh Personal Loan

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Get a Personal Loan for ₹ 1 Lakh Instantly

Do you need funds for an urgent medical expense, a small home renovation, or a personal project? You can comfortably avail of an instant personal loan of up to Rs. 1 lakh with Tata Capital, making your financial needs manageable. Tata Capital offers a simple and efficient loan application procedure, attractive interest rates, and fast disbursal, ensuring you meet your immediate goals. From covering life's surprises to funding your aspirations, our loans are here to empower your journey with ease and adaptability.

Personal Loan EMI Calculator

Use the Tata Capital personal loan EMI calculator to easily estimate your monthly repayments. Just enter the desired loan amount, interest rate, and tenure to see the repayment details.

Loan amount

₹

₹75,000 ₹35,00,000

Loan duration

1 Years 6 Years

Rate of interest

10% p.a 19% p.a

Monthly EMI

Total Amount Payable

0*
Total Interest Payable

0*

Total Amount Payable

Total Interest Payable

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Features and Benefits of Personal Loans for ₹1 Lakh

Flexible Repayment Plans

Select from our various EMI options with loan tenures up to 6 years to find a repayment schedule that aligns with your financial capacity.

Fully Online Application Process

Apply for your loan entirely online, saving your precious time and avoiding cumbersome paperwork. The entire process for acquiring an instant loan is entirely paperless, making it quicker and more convenient.

Competitive Interest Rates

Tata Capital offers personal loans up to ₹1 lakh at attractive interest rates, making borrowing more affordable and manageable for you.

Easy Documentation

The documentation process is simple, requiring just essential documents like income proof, KYC details, and employment verification to get started. You no longer have to deal with complicated paperwork.

Unsecured Loan

There is no need for any collateral when you apply for instant ₹1 lakh loan. This ensures an efficient, risk-free borrowing process.

Interest Rates of ₹1 Lakh Personal Loan

Processing Fees	Up to 4% of the amount + GST.
CCOD Annual Maintenance Charges (For customers opting for a flexible funding option like PL Overdraft)	The charges include 0.25% of the reduced assigned limit or ₹1,000 (whichever is higher), payable at the end of the 13th month.
Collection Charge	If a cheque issued for payment is from a non-local branch, Tata Capital levies outstation collection charges on an "At Actuals" basis.
Statement of Accounts (hard copy for branch walk-in requests)	₹250 + GST. You can download the statement for free from the online portal.
Loan Cancellation Charges (post disbursement)	2% of the loan amount or Rs. 5,750 (whichever is higher).
Payment Instrument Swapping Charges (eMandates/post-dated cheques from another account for EMI repayment)	Rs. 550 + GST per instance.
Duplicate Repayment Schedule	Rs. 550 + GST per instance.
Duplicate No Objection Certificate (NOC)	Rs. 550 + GST per instance.

₹1 lakh Personal Loan EMI for 1 year

Let’s assume you are applying for an instant loan up to ₹1 lakh for 1 year at a 10.99% interest rate. This is what your monthly EMI will be:

Loan amount	Loan tenure	Interest rate	Monthly EMI
₹1 lakh	1 year	10.99%	₹8,838

₹1 lakh Personal Loan EMI for 3 years

Now, let’s say you borrow the same amount for 3 years:

Loan amount	Loan tenure	Interest rate	Monthly EMI
₹1 lakh	3 years	10.99%	₹3,273

₹1 lakh personal Loan EMI for 5 years

In this case, we’ll take the loan tenure as 5 years:

Loan amount	Loan tenure	Interest rate	Monthly EMI
₹1 lakh	5 years	10.99%	₹2,174

₹1 Lakh Personal Loan EMI Plans for Tenures up to 4 Years

Here, you’ll get a clear picture of your EMI plans at the same 10.99% interest rate for tenures up to 4 years.

Tenure	Monthly EMI	Total interest payable	Total amount payable
1 year	₹8,838	₹6,052	₹1,06,052
2 years	₹4,660	₹11,848	₹1,11,848
3 years	₹3,273	₹17,842	₹1,17,842
4 years	₹2,584	₹24,035	₹1,24,035

Eligibility Criteria for ₹1 Lakh Personal Loan

To qualify for an instant Rs. 1 lakh personal loan with Tata Capital, salaried applicants must meet the following criteria:

1. Age Eligibility: You must be between 21 and 58 years old.

2. Minimum Monthly Income: A minimum fixed monthly income of Rs. 15,000 is essential.

3. Professional Work Experience: All applicants should have at least one year of professional work experience.

Documents Required for ₹1 Lakh Personal Loan

Photo ID Proof: Voter ID, Passport, Aadhaar Card, or Driving License.

Address Proof: A valid document such as Voter ID, Passport, Aadhaar Card, or Driving License.

Salary Slips: Salary slips (past two months).

Bank Statement: Bank statement (last three months).

Employment Certificate: A certificate confirming at least one year of employment.

Common Uses of ₹1 Lakh Personal Loan

You can use a ₹1,00,000 personal loan to cover your unexpected expenses, such as medical emergencies and urgent home or vehicle repairs. Additionally, you can finance your planned expenses like marriages, trips, home renovations, or major purchases like furniture or appliances.

Why Choose Tata Capital for ₹1 Lakh Personal Loan?

Here’s why Tata Capital stands out for your ₹1 lakh instant loan requirement:

Digital-first application process: The entire application can be completed online in just 6 simple steps, taking only a few minutes.
Attractive interest rates: Tata Capital offers competitive interest rates starting at just 10.99% p.a., which keeps EMIs affordable.
Instant disbursal: As soon as your application is approved, the loan amount is credited to your associated bank account within 24-48 hours.
Easy-to-meet eligibility: Tata Capital’s simple criteria based on age, income, and a strong credit score make it easier for salaried and self-employed individuals alike to qualify for the loan.
No collateral required: To get 1 lakh loan instantly, you don’t need to pledge any asset to secure the personal loan, making it a low-risk option for your urgent needs.
Dedicated support: Tata Capital’s team is responsive and customer-friendly, providing prompt assistance at every step of the loan process.

How to Apply for a Personal Loan for ₹1 Lakh?

Visit the Tata Capital website and enter your details

Provide your mobile number and name linked to your PAN card.

Specify Loan Requirements

If pre-approved, choose your desired loan amount within the approved limit.

Fill in Personal Details

Complete the personal and banking information sections.

Set Up E-Mandate

Approve a one-time eMandate for your EMI payments.

Choose Insurance

Opt for loan protection insurance for added security in case of emergencies.

Loan Disbursement

Accept the e-Agreement, confirm your details, and receive the funds instantly.

Apply Personal Loan by Amount

FAQs on ₹1 Lakh Personal Loan

To apply for an instant loan up to Rs. 1 lakh from Tata Capital, you must be between 21 and 58 years old, earn a minimum fixed monthly income of ₹15,000, and have at least one year of professional experience if you are a salaried individual.

You can secure a loan for Rs. 1 lakh personal loan from Tata Capital if you meet the eligibility criteria, including age, income, credit score, and employment status. For more details, visit our website.

The monthly EMI for a Rs. 1 lakh loan depends on several factors such as the loan amount, interest rate, and loan tenure. You can use Tata Capital's online EMI calculator to estimate your monthly EMIs in advance.

At Tata Capital, we require minimal documentation for a personal loan up to Rs.1 lakh. You will need basic documents such as your PAN or Aadhaar card, along with proof of employment and bank statements.

If you don’t have salary slips, you can submit alternative documents like Form 16, bank statements showing salary deposits, or your latest Income Tax Return (ITR) acknowledgement as proof of income.

Tata Capital offers unsecured personal loans of up to Rs. 1 lakh, meaning no collateral is required. You can access the funds you need without pledging any valuable assets.

If you don’t have income proof, you can provide documents like recent salary slips, bank statements with salary deposits, Form 16, or the latest ITR with acknowledgment to ensure a smooth approval process.

You can apply for a Rs. 1 lakh instant loan with a low credit score, though it may lower your chances of approval, as your credit score reflects your financial reliability. A high credit score of 725 or above, on the other hand, brings several advantages, including:

1. Faster loan approval.

2. The option for longer loan tenures with smaller, more manageable EMIs.

3. The ability to secure more competitive interest rates.

4. Higher likelihood of being offered a pre-approved loan.

You can register for your personal loan using your Aadhaar card and PAN card as part of the necessary documents. Here's a list of what a salaried individual needs to provide:

1. Completed application form with a recent photograph.

2. Proof of identity and address: A self-attested copy of one of the following documents—Driving License, Passport, Voter ID, or Aadhaar Card.

3. PAN Card: Self-attested copy.

4. Proof of Income: Salary slips (last two months)

5. Bank statement: Salary account statement for the last three months showing credit of salary.

Tata Capital provides a pre-approved loan option that ensures rapid access to funds. Fill out the application form online, submit the necessary documents, and once verified, the approved amount will be swiftly disbursed to your account.

At Tata Capital, the charges for part-prepayment and foreclosure are as follows:

Part-prepayment:

No charges if the amount prepaid is up to 25% of the disbursed loan during the entire tenure.
If done within 12 months, the charge is 6.5% of the part-prepayment amount.
If done after 12 months, the charge is 4.5% of the part-prepayment amount.

Foreclosure: