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Personal Loan Hybrid Term Loan

Tata Capital has got your back. Our Personal Loan Hybrid Term Loan allows you to withdraw additional funds as and when you need them. What's more? You only have to pay interest on the amount you actually use. We understand certain emergencies can come unannounced. This is why our Personal Loan Hybrid Term Loan is flexible and offers multiple withdrawals and part-payment facilities at zero extra charges.

Disclaimer: Personal Loans are at the sole discretion of Tata Capital Limited (TCL). Terms and conditions apply.

  • Loan amount

    Up to ₹ 35 Lakh*

  • Tenure

    Up to 84 months

  • Interest Rates from

    14.50%* onwards

    View Rates & Charges

      • Advantages of Personal Loan Hybrid Term Loan

    • Simple Documentation for Personal Loan Hybrid Term Loan

      The documentation and paperwork for Personal Loan Hybrid Term Loan is minimal which keeps you hassle free.

    • Easy re-payment options

      Pay interest only on utilized amount. Part-payment facility available for Personal Loan Hybrid Term Loan without any extra charge.

    • Multiple withdrawals via online Transactions and Personal Loan Hybrid Term Loan

      Withdraw and pay back multiple times within the credit sanctioned/available amount with Personal Loan Hybrid Term Loan.

    • Moratorium Period

      For loan tenures of 60 & 72 months, moratorium period, i.e., the amount stays fixed for 1 year and for tenure of 84 months, the amount remains fixed for 2 years. 

    • Personal Loan Hybrid Term Loan Percentages

      After the completion of fixed period, the dropline starts with the amount dropping every month basis fixed percentages for each year of the total tenure offered.

    Eligibility Criteria for Personal Loan Hybrid Term Loan

    The eligibility criteria for personal loan Hybrid Term Loan are as follows-

    1. The applicant must be between the age of 21 to 58 years

    2. Only Salaried individuals can apply

    3. The applicant must have a credit score of 725 or above

    Personal Loan Hybrid Term Loan Fees and Charges

    Fees and Charges Details
    Interest Rate Tata Capital offers attractive interest rates on Personal Loan Hybrid Term Loan.
    Processing Fees This refers to the fees charged for processing a Personal Loan Hybrid Term Loan application.
    Payment Instrument Swapping Charges This refers to charges levied if the borrower wishes to swap their eMandate or post-dated cheque from another account for EMI repayments.
    Foreclosure Charges This is charged in case the borrower wishes to repay the outstanding Personal Loan Hybrid Term Loan amount in its entirety before the scheduled tenure ends.
    Stamp Duty Charges At actuals (As per applicable laws of the state)
    Cheque Bounce Charges This is charged in case the borrower’s cheque bounces.

    Documents Required For Personal Loan Hybrid Term Loan

    Here is a list of documents you need to apply for a Personal Loan Hybrid Term Loan:

    • Photo Identity Proof: A copy of your Voter ID/Passport/Driving License/Aadhaar Card

    • Address Proof: A copy of your Voter ID/Passport/Driving License/Aadhaar Card

    • Salary Slips: A copy of your salary slips for the last two months

    • Income Proof: A copy of your salary credit or primary bank statements for the last three months

    • Employment Certificate: A certificate stating one year of continuous employment

    How to Apply for Personal Loan Hybrid Term Loan?
     

    You can apply for an Personal Loan Hybrid Term Loan offline or online with Tata Capital. Here are the steps to follow if you want to apply offline:
     

    Step 1: Visit your nearest Tata Capital branch.
     

    Step 2: Complete the application form and attach all documents as directed by our executive.
     

    Step 3: The personal loan Hybrid Term Loan amount will be disbursed as soon as your Personal Loan Hybrid Term Loan application is approved.

    Here are the steps to follow when applying for a Personal Loan Hybrid Term Loan online:
     

    Step 1: Navigate to our official website and click on ‘Apply Now’.
     

    Step 2: You will be directed to a new window. Existing customers and click on the ‘Existing Customer’ tab to start the application process. If you’re a new customer, click on the ‘New Customer’ tab to proceed.
     

    Step 3: Follow the directions on your screen.
     

    Step 4: The Personal Loan Hybrid Term Loan amount will be disbursed as soon as your Personal Loan Hybrid Term Loan application is approved.

    Types of Personal Loan Hybrid Term Loan

    Tata Capital offers Fixed Hybrid Personal Loan Hybrid Term Loan

      Tata Capital offer 2 types of Personal Loan Hybrid Term Loan namely Step Up facility and Dropline facility.

    • In Step Up, the amount would remain fixed for a certain tenure and then convert to dropline for the rest of the tenure basis fixed percentage.

    • For loan tenures of 60 & 72 months, the amount will remain fixed for the first year and dropdown starts after completion of one year.

    • For loan tenure of 84 months, the amount will remain fixed for the first 2 years and dropdown starts after completion of two year.

    • For loan tenures less than 60 months, the dropline starts immediately with no fixed period.

      Features of Personal Loan Hybrid Term Loan

    • Credit amounts

      Personal Hybrid Term Loan facility accounts come with predetermined credit amounts that you can avail of. These amounts depend on many factors depending on the individual. For example, the Personal Loan Hybrid Term Loan amount for salaried employees can be based on age, financial health, creditworthiness, etc.

    • Easy repayment options

      With Tata Capital’s personal loan with Personal Loan Hybrid Term Loan, you only pay interest on the utilized amount. Plus, we even offer a part-payment facility without any extra charge.

    • Convenient tenures

      At Tata Capital, we offer tenures starting from 36 months and going up to 84 months And the period for which your credit amount remains fixed and the Personal Loan Hybrid Term Loan facility period is predetermined.

    • Avail of high loan amounts

      A very useful feature of Personal Hybrid Term Loan facility accounts is the ability to receive high funds. This can be useful for many reasons, such as expanding your business or attending to any urgent personal needs. Tata Capital offers loan amounts starting from two lakhs up to Rs. 35 lakhs.

    • Multiple withdrawals via online transactions

      Unlike regular loans with a one-time withdrawal option, you can withdraw finances multiple times through the Personal Loan Hybrid Term Loan. Besides, you can pay back the amount multiple times as well.

    • Simple documentation

      At Tata Capital, we simplify the paperwork for our Personal Loan Hybrid Term Loan. This makes our application process incredibly hassle-free.

    • Excellent customer service

      Along with a simple application process, we ensure quick redressal of any doubts or complaints. You can contact our customer care team for assistance with any issues through our number, 1860 267 6060, or via email at customercare@tatacapital.com.

    Popular FAQ's

    Can I withdraw funds from my Personal Loan Hybrid Term Loan anytime?

    Tata Capital’s Personal Loan Hybrid Term Loan facility for personal loans allows you to withdraw and repay funds multiple times within the amount of the credit sanctioned. We offer the convenience of repaying your Personal Loan Hybrid Term loan through our website. This allows you to make quick and secure online payments at your preferred time and from the comfort of your home.

    How quickly can I get access to funds through the Personal Loan Hybrid Term Loan?

    Once you submit a drawdown request through the Tata Capital web portal, funds will be disbursed directly to your registered bank account. The disbursal process typically takes place on the same day or the next working day, depending on the banking hours.

    Can I use the Personal Loan Hybrid Term Loan for any purpose?

    An Personal Loan Hybrid Term Loan provided by financial institutions allows customers to withdraw a certain amount of money even when there are insufficient funds in their bank account. Here are some purposes for which people utilise this personal loan facility.

      #1. Financing unexpected expenses: An Personal Loan Hybrid Term Loan can help you meet unexpected financial needs, like car repairs or medical bills, quickly and efficiently.


      #2. Paying for major purchases:        With an Personal Loan Hybrid Term Loan, you can fund big-ticket purchases such as buying a new car or renovating your home. Using this facility, you can manage your expenses better without having to dip into your savings or take out a new loan.

       

    Can I convert my existing personal loan to a Personal Loan Hybrid Term Loan?

    Yes, if you need urgent funds, you can opt for a personal loan Personal Loan Hybrid Term Loan facility offered by Tata Capital. Here are some benefits of applying for this personal loan facility:

     

    #1. You can borrow funds whenever you need them and repay them at your convenience within the repayment tenure of the credit facility.

    #2. You will only pay interest on the amount you utilise from the Personal Loan Hybrid Term Loan facility. 

    #3. You can meet your financial needs without the hassle of applying for a new loan. 

    Can I use thePersonal Loan Hybrid Term Loan for business purposes?

    When you apply for a Personal Loan Hybrid Term Loan, you have the freedom to use the money for any purpose. This includes covering immediate expenses while running your daily business operations. There are no restrictions on utilising the funds from a Personal Loan Hybrid Term Loan.

    What are the repayment options for the Personal Loan Hybrid Term Loan?

    The best part about this facility is that you do not have to repay the amount through EMIs. Instead, you enjoy the flexibility of repaying the Personal Loan Hybrid Term Loan in a way that suits you best. You can pay it off in full or in parts, depending on your financial situation and preferences.

    With Tata Capital's personal loan Personal Loan Hybrid Term Loan facility, you have the benefit of part payment without any additional charges. 

    Here is how you can repay your Personal Loan Hybrid Term Loan amount.

    • Issue a cheque: You can issue a cheque for the Personal Loan Hybrid Term Loan amount directly to your bank, making it a convenient way to settle the loan.
    • Online payment: We also provide the option to repay the Personal Loan Hybrid Term loan through our website. This allows you to make quick and secure online payments at your convenience.

    Can I increase the Personal Loan Hybrid Term Loan amount of my personal loan?

    Tata Capital offers a fixed hybrid personal loan Personal Loan Hybrid Term Loan facility. In this case, the amount remains fixed for a certain period and then converts into a dropline for the rest of the tenure.

    For 60 and 72 months of tenure, the amount remains fixed for the first year, and the dropline starts after the completion of one year.

    For 84 months of tenure, the amount remains fixed for the first two years, and the dropline starts after the completion of two years. 

    Are there any penalties for late payments on the Personal Loan Hybrid Term Loan?

    No penalties are imposed if you repay the Personal Loan Hybrid Term Loan amount within the specified tenure. This allows you to repay the amount at your convenience without any additional charges.

    On the other hand, if you delay your EMI payment of a personal loan, lenders charge penal interest. In such cases, you must pay the pending installment and an additional interest amount on your personal loan. The penal interest is levied at 3% per month on the overdue amount. Thus, making timely payments is essential to avoid such penalties and maintain a smooth repayment process.

    Can I withdraw more than my approved Personal Loan Hybrid Term Loan amount ?

    No, you cannot borrow an amount exceeding your approved Personal Loan Hybrid Term Loan amount. The Personal Loan Hybrid Term Loan amount is sanctioned based on monthly income, credit profile, and cash flow statements. The benefit of an Personal Loan Hybrid Term Loan facility is that you can withdraw funds from this sanctioned credit amount whenever needed. 

    You can make multiple withdrawals per your requirements and repay the borrowed amount in full or in parts, depending on your cash flows. 

    Does Tata Capital require any security or collateral for the Personal Loan Hybrid Term Loan?

    At Tata Capital, we provide Personal Loan Hybrid Term Loan facilities for personal loans without requiring any collateral or security. We offer this flexible financing option to help you meet your financial needs conveniently and without the burden of providing any security.

    What is the maximum loan amount available under the Personal Loan Hybrid Term Loan?

    At Tata Capital, the minimum amount for an Personal Loan Hybrid Term Loan personal loan is Rs 2,00,000, while the maximum amount you can avail of is Rs 35,00,000.

    What are the Personal Loan Hybrid Term Loan percentages for different tenures offered?

    Case 1: If total tenure is 84 months.

    The amount will remain fixed for first 2 years. Post this period the amount shall automatically convert to dropline for remaining tenure as per Dropline percentage mentioned in below table.

    Case 2: If total tenure is either 60 or 72 months.

    The amount will remain fixed for first year. Post this period the amount shall automatically convert to dropline for remaining tenure as per Dropline percentage mentioned in below table.

    Case 3: If total tenure is less than 60 months.

    Dropline will start from first month. Dropline Amount will be calculated as Total amount divided by Total tenure in months equally.

      Tenure in Months Dropline % on total tenure offered - 84 Dropline % on total tenure offered - 72 Dropline % on total tenure offered - 60 Dropline % on total tenure offered - <60
      Upto 12 NA NA NA Total amount / Total Tenure
      13 to 24 NA 10% 15% Total amount / Total Tenure
      25 to 36 10% 15% 21% Total amount / Total Tenure
      37 to 48 15% 20% 28% Total amount / Total Tenure
      49 to 60 20% 25% 36% NA
      61 to 72 25% 30% NA NA
      73 to 84 30% NA NA NA

    What is an Personal Loan Hybrid Term Loan?

    An Personal Loan Hybrid Term Loan facility helps you withdraw funds up to a certain amount whenever you need to. This facility offers you a safety net. This is because in case you have any sudden unforeseen expenses or financial gaps, you can simply apply for an Personal Loan Hybrid Term Loan facility with Tata Capital and gain access to extra funds.

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    Personal Loan

    Thank you for taking the time to explain everything clearly. The communication was polite, professional, and easy to understand. I truly appreciate your support and hope for a positive resolution to my request. Keep up the great work!

    AVINASH KUMAR SHARMA

    Personal Loan | 09 Apr, 2025

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    Personal Loan | 02 Apr, 2025

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