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Information About Personal Loan

About Personal Loan

Now get a Personal Loan up to ₹ 25 lakhs

Life is full of micro moments and we are there for every moment. We, at Tata Capital, provide Personal Loans for a variety of reasons including marriage, education, travel or even medical needs. You can get up to ₹ 25 lakhs of Personal Loan just by either talking to our representatives, visiting a nearby branch or through the online application. We have made the process of obtaining a Personal Loan simple and flexible for you to get quick access to money when you’re in need.

How to get a Personal Loan?

Now get your Personal Loan in just four easy steps. Follow these simple steps to get your loan:

  • Check your eligibility online
  • Select your personal loan amount and tenure
  • Submit your application
  • Get the funds in your account

What are the basic requirements to get your Personal Loan approved?

Getting a Personal Loan is simple and quick. To get your loan approved swiftly, you will be asked to provide the following details:

  • Your personal details including your PAN number, CIBIL score & KYC documents
  • Copies of your pay slips, address proof and bank statements


Find out more about Eligibility and Documents for more details.

5 examples of a Personal Loan

There are times in life when you need a little more money to fund unexpected expenses. That’s where a Personal Loan comes handy. Here are five examples of how you can use a Personal Loan.

  • Education
    You should never have to compromise when it comes to your education. Whether it is for your higher studies or your loved ones, you can use the Personal Loan to finance your goals and ambitions. Aim big. We’ll assist you.
  • Home Renovation
    So you have decided to spruce up your home? You can apply online for our Personal Loan product for your home renovation.
  • Weddings
    Your wedding should be among the best days of your life. Don’t think twice before planning the wedding of your dreams, and we will help you make it a reality. Your fairy-tale begins with us.
  • Travel
    Fantasizing about jetting off to an exotic locale? You can now make it happen in minutes. Our process is simple, and we let you customise the repayment option according to your convenience. What better way to travel!
  • Healthcare
    We know that a medical emergency can be daunting. With our Personal Loan, you will never have to worry about the medical needs of yourself or your loved ones. When you are with us, we will take care of your medical urgencies.

Features and Advantages

Our Personal Loans come with some great features that allow you to enjoy flexibility and comfort at your fingertips. 

Maximum loan amount

You can take Personal Loan of up to ₹ 25,00,000 without any collateral.

Competitive interest rates

We offer attractive interest rates on Personal Loan which go as low as 11.25%. 

Minimum paperwork:

Hardly any paperwork is required for a Personal Loan.  Almost all the loan activities can be done online without taking the trouble of visiting a branch. The only paperwork we need from you is the application form and rest of the loan-related activities are taken care through our digital platform to make your experience comfortable.

No collateral:

Our Personal Loans are collateral free loans; you don’t need to give us any collateral or security for your loan.

Easy Repayment Option:

You can decide how you want to repay your Personal loan according to your convenience. Choose from our host of options like flexi EMI plans, ECS, Post-dated cheques, online payment and other modes. 

Minimum documents

We ask for minimal documents that are usually easily available with you. 

Instant online approval

You can get instant approval through our secure platform once we get all the information and documents from you. 

Multipurpose Loan

No matter what the occasion is, we’ll help you find the right loan that works best for you. 

Overdraft Facility

We understand that sometimes extra costs tend to stack up. You can now withdraw as much money as you need up to an agreed limit. 

No Part Pre-Payment Charges

Prepayment of the Personal loan is possible after six months. You will not be charged additional fees if you part pre-pay your loan up to 25 % of the loan amount.

Are you eligible for a Personal Loan?

You are eligible for a Personal Loan if you are a salaried person, aged between 22-58 years, employed in an organisation in the private or public sector with two years of work experience. You should be earning a minimum salary of Rs 15,000 per month to get a loan.

Interest Rates

Our interest rates that start at 11.25% are competitive in the industry. However, interest rates depend on your personal loan eligibility, income, and other criteria..

How can you repay a Personal Loan?

You can decide how you want to repay the loan. For a fixed amount of loan and interest, you can choose the tenure and EMI to pay the loan comfortably. The longer the tenure, lower will be the EMI. You can also prepay your personal loan after meeting defined terms and conditions. 

You can pay your loan through auto debit or ECS facility. In exceptional cases, you can also opt for a post-dated cheque payment facility.

Eligibility and Documentation


You need to meet some basic conditions to be eligible for a Personal Loan. Following are the general Personal Loan eligibility factors:

  • You should be between 22-58 years of age.
  • You should have a monthly income of ₹ 15,000 
  • You should be in the same job for 6 months
  • You should have a minimum of 1 year work experience.


You need to submit:

  • The documents required to establish your credentials like Voter Card, Aadhaar Card
  • Proof of identity and proof of residence
  • Income documents – salary slip for the last three months


Basic documentation is required for getting a Personal Loan. Please visit our Eligibility and Documentation page for more details.

How to check Personal Loan eligibility

Tata Capital offers flexible Personal Loan options to suit your unique needs, whether you are looking for home extension or want to explore the world. However, to apply for a loan and to repay it on time, you need to provide a basic proof of employment and income with adequate identity proof. 

We provide Personal Loans with minimal paperwork, reasonable interest rates and flexi EMI plans.Please use our Eligibility Calculator to know your eligibility 

What is the maximum Personal Loan you are eligible for?

The maximum amount of Personal Loan that can be availed depends on the income of the person. You need to have a minimum income of ₹ 15,000 per month. You would be eligible for a maximum loan of ₹ 25,00,000.

EMI Options

How much EMI do you need to pay?

Your Equated Monthly Instalment depends on the principal loan amount, the interest rate charged and the period for which the loan is taken.

You can choose your EMI amount that is comfortable for you by using the Personal Loan EMI calculator.

The 3 Hows of deciding the right EMI

  • How soon do you want to pay off the Personal Loan?
  • How much can you afford to pay in a month?
  • How much of an interest rate are you comfortable with?


What is a Personal Loan EMI Calculator?

Personal Loan EMI calculator helps you understand the EMI that you will pay towards the principal payments and interest payment over the loan tenure. Use the EMI calculator to know how much money you can pay monthly over a period of time that’s comfortable for you. With the help of our EMI calculator, you can plan your monthly instalments and conveniently pay off the loan. 

What does a Personal Loan EMI Stand for?

EMI stands for Equated Monthly Instalments. It is the payment that you give for any loan undertaken for a fixed tenure to pay off the loan. You can take any time between 12 to 84 months to repay your loan with Tata Capital. Your EMI will include principal and interest payments made every month towards the repayment of the Personal loan. Though the amount of EMI does not change, the percentage of principal & interest will change month on month. Initially, the interest is higher but gradually the principal payment is more. The exact percentage of principal and interest will depend on the interest rate charged and the tenure for which the loan is taken.

How to calculate your EMI using our Personal Loan Calculator

Enter the following information to calculate your EMI:

  • Loan Amount (The loan amount you wish to get)
  • Personal Loan Interest Rate
  • Loan Tenure (Period ranges from 12 -84 months)
  • Click the Calculate button. The system shows your EMI monthly break-up of both the interest and principal payment.
  • If the Personal Loan EMI is higher or lower than you want to pay, edit the principal amount and follow the same steps from 2 to 4.

Why Choose Us

7 reasons why you should choose us

Tata Capital, a name you can trust

With the customers’ individual desires and needs in mind, our team at Tata Capital guides you at every step and offers specific financial solutions.

We offer attractive interest rates

Our Personal Loan interest rates are competitive and affordable. We let you tailor everything according to your convenience and ability to repay. 

We’re flexible

Our Personal Loan lets you choose the loan amount, tenure and EMI period for which you need the loan. 

We’re not going to bother you about collateral

No collateral? No problem. We don’t want you to give any security to cover the Personal Loan. 

We are not going to make you run around

We only ask for minimal documentation to process your application. We just need some mandatory information like the source of your income and the purpose of the loan.

We offer tailor-made loans

Our personalized approach gives us the edge and has left countless of our customers satisfied. You are not just an application form to us. We understand that one size doesn’t fit all. 

We’ve been in the industry for a long time

This means we understand your needs and we will tailor our services to your needs. If you look good, we look good.  

Find the right loan for you