What requirements must be met before applying for a personal loan?

Before applying for a personal loan, specific requirements must be met for different lenders, like being within a fixed age range and having Indian citizenship or residency. For your personal loan application process with Tata Capital, you must meet the following requirements: You must be at least 21 years old and not older than 58 while applying. You must have a stable source of income, either as a salaried employee or a self-employed individual. Salaried individuals must have a minimum monthly income of Rs. 15,000. You must be in the same job for six months. Furthermore, you must have at least one year of experience. Generally, a good credit score of around 750 or above is significant for loan approval, as it indicates your creditworthiness and repayment capacity.

Can I apply for a personal loan online through the Tata Capital website?

Tata Capital offers an online personal loan application process. Follow the steps given below to submit the loan application online. Visit our website. Fill out your mobile number and occupation type. Enter loan requirements. Fill in your personal details. Upload the required documents. That’s it. Once your personal loan application and submitted documents are verified, the sanctioned loan amount will be disbursed into your account. The online personal loan application process streamlines the submission of essential details, documentation, and other required information.

Can I check the status of my personal loan application online?

By visiting Tata Capital’s website, you can track the status of your personal loan application. You can use either of the methods given below: Mobile number: You can use the mobile number you provided with your loan application to track the status of your application online. PAN: You provided Tata Capital with your PAN number during the loan application process. You can use this for online application tracking as well. Contact us: You can contact your sales representative for more details. If there is any issue, please call us at 1860-267-6060 or e-mail us at contactus@tatacapital.com or click here to visit any of the nearest Tata Capital branches.

What documents must I include with my personal loan application form?

Here’s the list of documents applicants must submit as part of Tata Capital’s personal loan application process: Application form: Duly filled personal loan application form with your recent photograph. Identity proof: Besides the self-attested copy of your PAN Card, you must submit a copy of your Voter ID, Aadhaar Card, Passport, or Driving License. Address proof: A copy of your electricity bill or Passport. Income proof: A copy of your last three months’ salary payslips and bank statements if you are a salaried individual. If you are self-employed, a copy of your savings and current account statements for the past year and Income Tax Returns filed for the preceding year are needed. Employment proof: A copy of your Employment Certificate declaring one year of continuous employment if you are a salaried individual.

Personal Loan Application Process: A Step-by-Step Guide

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How to apply for a Personal Loan

Ready to get a personal loan? Apply with Tata Capital using any of the following methods:

Online application

Visit the official Tata Capital website to fill out the online personal loan application form with your name, contact number, loan amount, income, and employment type. Upload the required documents such as address proof, ID proof, and income statements. Once submitted, we will review your personal loan application form. The online personal loan application process is quick, secure, and paperless.

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Call our customer care

You can also apply by speaking to our loan experts directly. Call our toll-free number 1860 267 6060 for personalized assistance. Our representatives will guide you through the eligibility process, documentation requirements, and loan terms, and help you initiate your application instantly.

Request a call back

Visit a Tata Capital branch

If you prefer to complete the process face-to-face, you can visit any of our nearby branches to discuss your queries with our Tata Capital representatives. Our customer service executives will explain the loan offerings, assess your eligibility, collect the necessary documents, and help you submit your application.

Locate a Branch

Virtual assistant

Tata Capital’s AI-powered virtual assistant is available 24/7 on the website to help with your loan queries. You can chat in real-time to understand eligibility, required documents, interest rates, and then begin your loan application through guided steps.

Loan Approval & Sanction Letter

When you apply for a loan, lenders evaluate your application form based on key criteria, often referred to as the Five Cs of Credit: Character, Capacity, Capital, Collateral, and Conditions. Through these five Cs, lenders evaluate your credit history, ability to repay, asset ownership, security, and loan purpose, along with the economic factors. This evaluation helps in determining your creditworthiness and the likelihood of loan repayment.

If your application meets the lender’s standards, you receive a loan sanction letter. This letter outlines the approved loan amount, interest rate, repayment tenure, EMI, and any applicable processing fees or charges. It also mentions the validity period of the offer and any conditions, such as submitting final documents or verifying income.

After receiving the sanction letter, you must accept the offer and complete the documentation. The lender then disburses the loan amount as per the agreed terms. It’s important to carefully review the sanction letter before signing to ensure full clarity and transparency.

Eligibility Criteria & Credit Score Requirements

Here’s a quick look at the eligibility criteria and credit score requirements for a salaried individual to apply for a personal loan.

Age limit: 21 to 58 years
Income level: Must earn a minimum of Rs. 15,000 per month
Work experience: Must have at least one year of experience, with a six-month tenure in the current job
Nature of employment: Must work with a private company or a public limited company
Credit score: Having a good credit score of 750 and above is beneficial as it helps you secure a personal loan at lower interest rates and favorable loan terms.

The eligibility criteria for a self-employed individual vary.

Tata Capital offers a quick personal loan ranging between Rs. 50,000 and Rs. 35 lakhs if you fulfil the eligibility criteria. You can use the loan for educational fees, medical emergencies, or a fun international vacation.

FAQs on Personal Loan application process

Before applying for a personal loan, specific requirements must be met for different lenders, like being within a fixed age range and having Indian citizenship or residency. For your personal loan application process with Tata Capital, you must meet the following requirements:

You must be at least 21 years old and not older than 58 while applying.
You must have a stable source of income, either as a salaried employee or a self-employed individual.
Salaried individuals must have a minimum monthly income of Rs. 15,000.
You must be in the same job for six months. Furthermore, you must have at least one year of experience.
Generally, a good credit score of around 750 or above is significant for loan approval, as it indicates your creditworthiness and repayment capacity.

Tata Capital offers an online personal loan application process. Follow the steps given below to submit the loan application online.

Visit our website.
Fill out your mobile number and occupation type.
Enter loan requirements.
Fill in your personal details.
Upload the required documents.

That’s it. Once your personal loan application and submitted documents are verified, the sanctioned loan amount will be disbursed into your account. The online personal loan application process streamlines the submission of essential details, documentation, and other required information.

The time to approve a personal loan application can vary depending on several factors. After submitting the loan application, lenders sanction it based on the applicant’s profile, the details provided, confirmation processes, and the loan application complexity.

With us at Tata Capital, once you submit your application and necessary documents, the approval process generally takes 72 hours. However, this period may vary depending on the totality of your application and the verification process.

By visiting Tata Capital’s website, you can track the status of your personal loan application. You can use either of the methods given below:

Mobile number: You can use the mobile number you provided with your loan application to track the status of your application online.
PAN: You provided Tata Capital with your PAN number during the loan application process. You can use this for online application tracking as well.

Contact us: You can contact your sales representative for more details. If there is any issue, please call us at 1860-267-6060 or e-mail us at contactus@tatacapital.com or click here to visit any of the nearest Tata Capital branches.

Here’s the list of documents applicants must submit as part of Tata Capital’s personal loan application process:

Application form: Duly filled personal loan application form with your recent photograph.
Identity proof: Besides the self-attested copy of your PAN Card, you must submit a copy of your Voter ID, Aadhaar Card, Passport, or Driving License.
Address proof: A copy of your electricity bill or Passport.
Income proof: A copy of your last three months’ salary payslips and bank statements if you are a salaried individual. If you are self-employed, a copy of your savings and current account statements for the past year and Income Tax Returns filed for the preceding year are needed.

Employment proof: A copy of your Employment Certificate declaring one year of continuous employment if you are a salaried individual.

Even if you have an existing loan, you can still initiate a personal loan application process with Tata Capital. But you must remember that factors like existing debt, debt-to-income ratio, assets and liabilities, and credit score can affect your eligibility and loan amount.

We assess your repayment capacity before approving loans, so ensure you can manage the additional debt before applying.

A personal loan application includes a processing fee. It covers the administrative costs associated with loan processing.

A processing fee of Up to 3.5% of the loan amount and required document charges for the personal loan application process are applicable with Tata Capital. At the time of the disbursement of the loan, the fee is deducted from the loan amount. The personal loan processing fee is a one-time, non-refundable fee regardless of whether or not your loan is approved.

If your loan application has been rejected, there might be several reasons behind it. Some common causes include a low credit score, high existing debt, insufficient documentation, failure to meet the eligibility criteria, insufficient income, or unstable employment.

In such cases, the best option would be to apply for a secured loan (in case of emergency), work on improving these factors, or ask for a lower amount and re-initiate the personal loan application process.

The online personal loan application process on the Tata Capital website is secure. Our website equips strong security measures for all personal and financial information submitted online. These measures include data encryption protocols and secure data transmission.

Also, we prioritise the confidentiality of consumer information and have implemented strict data privacy regulations to ensure that your confidential data is not shared with unauthorised third parties.

More Personal Loan products for you

Personal Loan for government employees

If you are a government employees looking for a way out of a cash crunch, let Tata Capital ease your financial pains! Get an instant personal loan within a few minutes.

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Personal Loan for salaried employees

If you are a salaried employees looking for a way out of a cash crunch, let Tata Capital ease your financial pains! Get an instant personal loan within a few minutes.

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Personal Loan for women

If you are a women looking for a way out of a cash crunch, let Tata Capital ease your financial pains! Get an instant personal loan within a few minutes.

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What our customers say about us

I appreciate your efforts to resolve any issues. I am happy with Tata Capital’s service, and if I need any financial assistance in the future, you will be my first priority.

Tirumani Mani Kanta

Personal Loan | 18 Sep, 2025

We are very happy with the services provided by Tata Capital. The team is very supportive, transparent, and customer-friendly. We look forward to continuing our relationship with Tata Capital.

MAHENDRA MAHENDRA

Personal Loan | 16 Sep, 2025

I sincerely thank the Tata Capital team for understanding my situation and trying their best to assist me. The team not only understood my situation but also did their best to help me and even provided me with the address.

VINITA SHARMA

Personal Loan | 15 Sep, 2025

Your services are already the best! The Tata Capital team is extremely knowledgeable, experienced, and humble. I can say in one sentence – You Are the Best

SOURABH KUMAR

Personal Loan | 12 Sep, 2025

Happy association with Tata Capital’s customer care service. As a financial partner, Tata understands consumer concerns and provides curated resolutions. Delightful service.

MANOJ KUMAR

Personal Loan | 12 Sep, 2025

Tata Capital customer care service is very fast and resolved my issue quickly. Thank you for your timely response

MANOJ DNYANESHWAR KHARAT

Personal Loan | 23 Aug, 2025

All good. I had continued to be in touch with the team for many concerns. No one supported me like you guys. I really appreciate your helpful nature and your follow-up.

MEENAKSHI BISHT

Personal Loan | 19 Aug, 2025

Thank you very much for your timely help during my financial crisis.

SANDHYA Y S

Personal Loan | 18 Aug, 2025

Thank you so much Tata Capital, I faced a medical emergency, and Tata Capital provided excellent financial services on time. Your services are very good.

LINGARAJU CS

Personal Loan | 15 Aug, 2025

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