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Overview
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Personal loan with Overdraft Benefits

Tata Capital has got your back. Our Personal Overdraft Loan benefits 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.

  • Loan amount

    ₹2,00,000 - ₹35,00,000

  • Loan Tenure

    12-84 months

  • Interest rate starting @

    13.55% p.a

    View Rates & Charges

    • 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 Benefits

    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 Benefits

    Tata Capital offers Fixed Hybrid  Personal Loan Overdraft benefits

    • 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.

    Popular FAQs

    What is Personal Loan Overdraft Benefits?

    Personal Loan OD benefits is a facility wherein the customer can withdraw and pay back multiple times within his credit sanctioned/available limit.

    Types of Personal Loan OD Benefits

    Tata Capital offers Fixed Hybrid Personal Loan Overdraft benefits –

    • 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.
    When will the customer receive login ID and password for online portal?
    • Login ID and password is received within 48 hours of the contract booking.
    • SMS is sent on the customer’s registered mobile number with us, which contains login ID and link to YouTube training video.
    • Password and Welcome letter are sent on email address registered with us at the same time.
    What is the eligibility criteria for availing the personal overdraft benefits?
    • You should be in the age group of 22- 58 years.
    • You should have a minimum monthly income of ₹30,000
    • You should be in the same job for six months.
    • You should have a minimum of one year work experience.
    How will the amount be disbursed?

    • For first disbursement: At the time of limit setting, charges (Processing Fee + Stamp Duty + Insurance) will be deducted from the requested loan amount and remaining amount will be transferred to the customer’s registered bank account. This is temporary reduction of limit. The customer must pay Processing Fee + Stamp Duty + Insurance and his limit will be restored.If the customer does not wish to utilize the disbursed amount, he/she can transfer the same back to Tata Capital using our online portal or by NEFT/RTGS

    • For further withdrawal: The customer can raise a draw down request using the web portal of Tata Capital. The disbursement is made in the customer’s registered bank account on the same day or next working day depending on banking hours. 

    What is the tenure for Personal Loan with Overdraft benefits?

    We offer personal loan overdraft benefits from 12 months to 84 months.

    Does the customer have to pay Processing Fee, Insurance and Stamp Duty after deduction in cases where customer has requested for entire amount to be disbursed?

    Yes, the customer must pay Processing Fee, Insurance and Stamp Duty. If not paid until the first due date, it will be recovered along with first PDC/NACH.

    When is interest generated?

    Interest is generated on midnight of the last day of the month.

    The customer is communicated his interest amount on the 1st of the month via email and SMS. Statement of Account is sent along with the email.

    When does NACH presentation hit the customer’s registered bank account?
    • NACH is presented on the 3rd of every month post activation.
    • If NACH is not activated in the first month due to non-registration, the customer can pay his dues using the TCFSL online portal or dues will be collected using 1st PDC on subsequent due date.
    Why your first instalment amount is very high?
    • The first instalment amount comprises of Processing Fee + Stamp Duty + Insurance (if unpaid) and interest which is why the first instalment is higher.
    • If the customer has already paid the charges (Processing Fee + Stamp Duty + Insurance) post disbursement, first instalment will only comprise of interest component.
    Why does the portal block withdrawal request from the customer?

    The portal will block a withdrawal request from the customer if any outstanding amount like Processing Fee, insurance, Stamp Duty and Interest is overdue and unpaid.

    What is the system appropriation logic?

    The system first recovers Processing Fee, second Stamp duty and third Insurance (any charges, namely bounce charges) and later interest and principal.

    Where do I direct any customer complaints/issues?
    • All customer complaints/ issues should strictly be routed through the Customer Care team.
    • Tata Capital Customer Care -customercare@tatacapital.com or call on our customer care number- 1860 267 6060.

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    What our customers say about us

    Tata Capital's systematic and professional approach is much better than private banks too.

    Premprakash M Mourya

    Personal Loan | 25 April, 2023

    Excellent experience with Tata Capital's executive in overall guidance, communication and support.

    PALLI KEERTHI UJWALAKEERTHI

    Personal Loan | 15 April, 2023

    My experience with Tata Capital was excellent. Quick service was given. All staff is polite and humble. I thank you Tata Capital, and wish you all the same in future.

    VANITA BHASKAR SHETTY

    Personal Loan | 14 April, 2023

    Responding quickly, comfortable communication for explaining about the process. Excellent service Tata Capital. Thank you for best service.

    KRISTU STEPHEN STEPHEN PAULRAJ

    Personal Loan | 14 April, 2023

    Tata Capital's overall performance is too good, apart from other sources.

    Alexi Peter Almeida

    Personal Loan | 13 April, 2023

    Tata Capital is excellent supporter for improving our financial position.

    Imam Khan V S

    Personal Loan | 10 April, 2023

    Amazing services. I'm really fully satisfied by your online services and immediate response. No need to visit offices to take loan/closure or any other queries. Everything gets clear with immediate and excellent response through online. Really I didn't find any glitch for improvement. Thank you very much team Tata Capital.

    MANOJIT DAS

    Personal Loan | 08 April, 2023

    Tata Capital's service is good. Keep up the good work. Best customer service. 10 out of 10.

    SHAIKH MOOSIN AHMED ABDUL MAZID

    Personal Loan | 05 April, 2023

    It was a nice experience with Tata Capital, I have faced lots of challenges in last 2 years. Thank you for your help and for understanding my situation. If given a chance, I will definitely recommend Tata Capital to everyone. Thank you.

    PRADEEP KUMAR

    Personal Loan | 04 April, 2023

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