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Personal loan Overdraft

Tata Capital has got your back. Our Personal Overdraft Loan facility 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 overdraft 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

    ₹2,00,000 - ₹35,00,000

  • Loan Tenure

    12-84 months

  • Interest rate starting @

  • What is an overdraft facility?

    Suppose you have an urgent need for money; what do you do? Loans are one way to get additional money quickly. But if you’ve already taken out a loan, you know it means you need to pay interest on the entire amount whether you use it to completion or not. This can put additional stress on your finances. Fortunately, you can opt for the overdraft loan meaning, the overdraft facility on your Tata Capital personal loan for such financing. Here is how it works.

    Through the personal loan Overdraft facility (OD), you can take out funds up to the total loan amount any time you wish. The best part? You only pay interest on the amount you use. It works on a credit basis. So, you can withdraw and pay back multiple times within your sanctioned credit limit.

    At Tata Capital, however, we offer a fixed hybrid personal loan overdraft facility option. Accordingly, the credit limit would remain set for a specific tenure post which the withdrawal limit decreases, or the overdraft converts into a dropline overdraft for the rest of the tenure.

    Advantages of Overdraft Personal Loan

    Simple Documentation for Overdraft Personal Loan

    The documentation and paperwork for personal overdraft loan is minimal which keeps you hassle free.

    Easy re-payment options

    Pay interest only on utilized amount. Part-payment facility available for personal overdraft loan without any extra charge.

    Multiple withdrawals via online Transactions and Personal Loan OD Facility

    Withdraw and pay back multiple times within the credit sanctioned/available limit with overdraft personal loan.

    Fixed Limit

    Limit stays fixed for 1 year for 48, 60 & 72 months tenure. Limit stays fixed for 2 years for 84 months tenure. Drop in limit to start post 12 Months. Limit stays fixed for 2 years for 60 Months Tenure product. Drop in limit start post 24 Months.

    Types of Personal Loan OD Facility

    Tata Capital offers Fixed Hybrid  Personal Loan Overdraft facility

    • In fixed hybrid, the limit would remain fixed for a certain tenure and then convert to dropline for the rest of the tenure.

    • For 48, 60 & 72 months tenure, PL CCOD product, limit will remain fixed for first year and dropdown starts after completion of one year.

    • For 84 months tenure, PL CCOD product, limit will remain fixed for first two years and dropdown starts after completion of two years.

    Eligibility Criteria for Personal Loan Overdraft

    The eligibility criteria for personal loan overdraft are as follows-

    1. The applicant must be between the age of 21 to 68 years

    2. Both salaried and self-employed individuals can apply

    3. The applicant must have a credit score of 750 or above

    Features of Tata Capital personal loan with overdraft benefits

    Credit limits

    Overdraft facility accounts come with predetermined credit limits that you can avail of. These limits depend on many factors depending on the individual. For example, the Overdraft Facility limit for salaried employees can be based on age, financial health, creditworthiness, etc.

    Easy repayment options

    With Tata Capital’s personal loan with an overdraft facility, 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 12 months and going up to 84 months on our fixed hybrid personal loan overdraft facility. And the period for which your credit limit remains fixed and the dropline overdraft facility period is predetermined.

    Avail of high loan amounts

    A very useful feature of overdraft 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 overdraft facility. Besides, you can pay back the amount multiple times as well.

    Simple documentation

    At Tata Capital, we simplify the paperwork for our overdraft facility. 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.

    More Personal Loan products for you

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    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.

    Personal Loan for salaried employees
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    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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    What our customers say about us

    Excellent and quick service response. Thanks for prompt action.

    MIHIR CHANDRA JHA

    Personal Loan | 17 February, 2024

    Good and helpful service. Your co operation is excellent. Thank You.

    KALI SHANKAR DUTTA

    Personal Loan | 17 February, 2024

    Customer Service was excellent and helpful.Thanks.

    Aritra Ghosal

    Personal Loan | 17 February, 2024

    Excellent service and very fast response. Really appreciate. One of the Best service that I have dealt with.

    MIHIR CHANDRA JHA

    Personal Loan | 15 February, 2024

    Excellent company and response is so good.

    VARATI RAMAIAH SIVARAMAIAH

    Personal Loan | 08 February, 2024

    Good and Trustful company I have ever seen in Indian Finance companies

    MICHAEL ANTONY SUDHAKARS

    Personal Loan | 25 January, 2024

    Good approach and customer service

    HARIHARAN VENKATRAMAN

    Personal Loan | 24 January, 2024

    I like services very much . Tata capital provide urgent loan. Whenever I need loan I will contact them. Thank you.

    Shankar Kumar

    Personal Loan | 18 January, 2024

    Fast resolution on any request. Good service for customers. I hope to come new bank from TATA

    YEGILISETTY MALLESWARA RAO

    Personal Loan | 16 January, 2024

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