₹5 Lakhs Personal Loan

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Get a Personal Loan for ₹5 Lakhs Instantly

Are you planning a wedding, facing unexpected medical bills, or upgrading your home? We can understand that life’s big moments and challenges require financial support. That’s where Tata Capital comes in. With our personal loan of up to Rs. 5 lakhs, you can easily access the funds you need without unneeded stress. From competitive interest rates to fast disbursal, Tata Capital offers the reliability and flexibility you need to turn your plans into reality. Let us help you achieve your goals—you deserve financial solutions that work as hard as you do.

Apply for ₹ 5 Lakhs Personal Loan in India

Use Tata Capital’s online personal loan EMI calculator to plan your repayment conveniently. Enter the loan amount, interest rate, and tenure to get an estimate of your monthly EMIs.

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

Apply Now

Features and Benefits of Personal Loans for ₹5 Lakhs

Flexible EMI Options

Tailor your repayment plan with tenures of up to 6 years, ensuring that your EMIs align with your budget. Whether you prefer shorter terms or lower monthly payments, this flexibility allows you to manage your finances with ease.

Competitive Interest Rates

We offer affordable loan rates, keeping your loan cost-effective throughout its term. These rates ensure that you receive the funds you need without putting a strain on your finances.

Online and Paperless Process

Enjoy a completely online procedure that saves you both time and effort. Complete the process from the comfort of your home, avoiding the hassle of in-person visits.

Minimal Paperwork

Tata Capital only requires the essential paperwork: basic KYC, income proof, and employment verification.

No Collateral

Tata Capital's personal loans are unsecured, meaning you don't need to pledge any assets such as property or securities.

Eligibility Criteria for ₹5 Lakhs Personal Loan

Salaried professionals can apply for a Rs. 5 lakh personal loan from Tata Capital by meeting these criteria:

1. Age: The age of the applicant should be between 21 and 58 to be eligible for this loan.

2. Work experience: All applicants need to have at least one year of work experience.

3. Income: All applicants must have a minimum fixed monthly income of Rs. 15,000.

Documents Required for ₹5 Lakh Personal Loan

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

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

Salary Slips: Salary slips for the last two months.

Bank Statement: Primary salary account bank statement for the last three months.

Employment Certificate: Proof of one year of regular employment.

Interest Rates of ₹5 Lakhs 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 ₹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.

How to Apply for a Personal Loan for ₹5 Lakhs?

Visit the Tata Capital Website

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

Specify Loan Requirements

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

Provide Personal Information

Share your personal and banking details.

Set Up E-Mandate

Authorize a one-time eMandate for seamless EMI payments.

Opt for Insurance

Choose insurance to protect your loan during emergencies.

Receive Loan Amount

Accept the e-Agreement, verify your details, and obtain your loan disbursement.

Apply Personal Loan by Amount

FAQs on ₹5 Lakhs Personal Loan

To apply for a Rs. 5 lakh personal loan 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. 5 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. 5 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 Rs. 5 lakh personal loan. 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. 5 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. 5 lakh 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.