Personal Loan for Salaried Employee @ 11.99%*

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Personal Loan for Salaried

Personal Loan for Salaried Person by Tata Capital

Don't keep waiting for a paycheck to realize your dreams. Whether it's an overseas education or a luxury vacation, Tata Capital's Personal Loan for Salaried Employees is just what you need.

Our customized loans extend up to Rs. 35,00,000 at highly competitive interest rates starting at just 11.50%!

And that's not all. You can apply for a personal loan for salaried online with Tata Capital at your own comfort and convenience. Enjoy flexible repayment options, easy-to-meet eligibility conditions, and a customized tenure that fits your requirements and budget with Tata Capital.

Say yes to your goals with Tata Capital's Personal Loan for Salaried Employees. Apply today and enjoy instant loan approval and quick disbursal.

Features and Benefits of Personal Loan for Salaried Employees

Flexible amount : Big or small, Tata Capital has all your funding needs covered. Borrow a Personal Loan for Salaried Employees from anywhere between Rs. 40,000 to Rs. 35,00,000 depending on your financial requirements and eligibility.
Convenient : Be worry-free in case of any financial emergency. Tata Capital’s personal loan for salaried employees is a convenient source of funds for multipurpose financial needs. Simply visit our website to apply and take care of emergencies or finance your needs hassle-free.
No Collateral Required : Enjoy a hassle-free process without the need for any security or guarantor.
Attractive Interest Rates : Worried about high interest rates? Not anymore! Benefit from competitive interest rates starting att 11.50% that make repayment affordable and easy on your pocket.
Quick Disbursal : With Tata Capital, enjoy instant access to the required funds. Get funds in your account within a few days, ensuring no delays in fulfilling your financial goals.
Customised Repayment Options : Choose a flexible repayment tenure of up to 6 years, giving you the freedom to plan repayments at your own pace.
Minimal Documentation : Say goodbye to lengthy paperwork with a simple and transparent application process.
Overdraft facility : In case you need extra funds over and above what you’ve borrowed, you can withdraw additional funds up to an agreed limit. The best part? Pay interest only on the amount that you use.
No penalty charges on part pre-payment : Down the line, if you come into surplus money and feel like pre-paying a portion of your loan amount, don't worry about additional costs. We charge zero penalties on the part pre-payment of upto 25% of principal outstanding.

Personal Loan Eligibility for Salaried Person

You don’t need to meet extensive eligibility criteria to avail a loan from Tata Capital. Simply meet a few basic requirements, as discussed below, and avail of an instant loan for a salaried person.

Eligibility criteria

You must be a salaried employee at a public sector undertaking or private limited company.
You must be between the age of 21 and 58 years.
You must have a minimum monthly income of Rs. 15,000 per month
You must have a minimum of one year of work experience

Documents Required for a Salaried Personal Loan

A personal loan for salaried employees at Tata Capital features an easy application process without any hefty paperwork requirements. The list of documents required is as follows-

1. ID proof (Voter ID/ Passport/ Aadhaar card/ Driving License

2. Address proof

3. Income proof (Salary slips for the last two months)

4. Bank statements for the latest 3 months

5. Employment certificate

Interest Rate for Loan for Salaried Employees

When salaried employees consider taking out a personal loan, understanding the interest rates and associated charges is crucial. Interest rates are a key factor in determining the overall cost of the loan. Interest rates are a key factor in determining the overall cost of the loan.
In addition to the interest rate, borrowers should be aware of Processing fee. There may also be prepayment or foreclosure charges if you decide to repay the loan before the end of the tenure. These fees can be a percentage of the outstanding loan amount.

It's also important to consider late payment penalties, which can significantly impact your finances.

Understanding these interest rates and charges is vital for salaried employees to make informed decisions. Proper financial planning ensures that the loan remains affordable and manageable throughout its tenure.

Rate of interest	11.50% to 29.99%
Annual percentage rate	11.50% to 35.99%
Processing fee	Up to 3.5% of the loan amount + GST

Steps to Apply for a Personal Loan for Salaried

Meet us physically

Visit one of your nearest Tata Capital branches and talk to our lending experts directly for application guidance.

Locate a Branch

Online application

To get an instant salaried loan, apply now from the comfort of your home. Complete the loan application and upload scanned copies of the necessary documents online.

Apply Now

Call us

Call our customer care executives at 1860 267 6060 anytime between 9 AM and 8 PM and let them guide you step by step.

Request a call back

Virtual assistant

Our 24x7 virtual assistant, TIA, can give you real-time answers for loan application guidance.

FAQs on Personal Loan for Salaried Employees

Tata Capital provides customised loans extending up to Rs. 35, 00,000 at highly competitive interest rates. You can use it to finance a medical emergency, a family vacation, or give your home a beautiful makeover. Moreover, with its online application process, you can apply for a personal loan for salaried employees at your own comfort and convenience. You just need to follow the steps below.

Step 1: Access our application form. Enter your mobile phone number and your profession. You will receive the OTP; once verified, you may proceed to the next step.

Step 2: Enter the loan amount you require and your desired loan tenure.

Step 3: Fill in your personal information like your name, address, employment, etc.

Step 4: Verify your financials.

Step 5: Upload the required documents.

We will verify your application and the submitted documents. Once approved, the sanctioned loan amount will be disbursed into your account.

When you apply for a personal loan for salaried employees offline, the approval process may take a few business days to complete. It's because offline submissions involve additional steps and manual processing, which can result in a longer turnaround time.

On the other hand, if you apply online, you can expect quick approval within minutes, or even seconds, from the time of submission. Opting for the online application route allows for a faster and more efficient loan approval process. It saves you valuable time and allows you to get your loan application approved swiftly.

Click here to apply for a personal loan for salaried employees

We offer a personal loan for salaried employees for a loan tenure of up to 6 years so that you can repay the loan at a smooth space. The benefit of a longer tenure is that you have to pay smaller EMIs. The smaller the EMIs, the easier it is to repay the loan without any financial burden.

If you are a salaried employee, your monthly income is one of the most critical elements in determining your personal loan eligibility. We offer instant personal loans to salaried individuals with a minimum monthly salary of INR 15,000.

Check your eligibility to qualify for a personal loan at Tata Capital

Even if your loan application is rejected, the lender is required to furnish you with a document stating all the reasons why your application has been rejected. There are a few reasons why your personal loan may end up being rejected. These include:

a low credit score,

unstable employment history,

not meeting the age limit criterion,

employment in a private company that’s been delisted, etc.

To improve your chances of getting approval for a personal loan for salaried individuals, improve your credit score. Start by paying off your debts and settling any outstanding dues to increase your credit score. You must also consider applying for a lower loan amount that aligns better with your current financial situation. It is also crucial to double-check that all the documents you have submitted are up-to-date and accurate.

By focusing on these aspects, you can take proactive steps toward increasing the likelihood of a successful loan application.

Yes, it is possible to qualify for a personal loan even if you have a low credit score. Approval of the loan depends on your eligibility to repay the loan. However, to increase the chances of getting a personal loan for salaried employees approved, apply with a co-applicant. Co-applicant must be your family members like your spouse, parents, or siblings. A co-applicant must have a good income status and a high credit score.

To verify your submitted documents, lenders do a thorough background check on your personal and professional information. But if there is any discrepancy found in the employment documents, it may be possible that they contact your employer for document verification.

Thus to avoid this, the most significant step you can take is to confirm the supporting papers in your application are truthful. If you intentionally falsify your documents, it will not only cause your application for personal loan for salaried individuals to get rejected but also hurt your credit score.

Yes, it is possible to transfer your current personal loan from your existing lender to Tata Capital. All you need is to provide all the relevant details of your current personal loan, such as

remaining principal amount

tenure completed

the rate of interest

You also need to submit your repayment track history for the past 12 months to facilitate a balance transfer.

To transfer your current personal loan for salaried individuals from your lender to Tata Capital, contact us today or visit the nearest Tata Capital.

If you are unable to pay your loan, you may get reported as a defaulter to credit bureaus, which will adversely affect your credit score. It may reduce your credit score by 50 to 70 points each time. It will also hinder your ability to get home loans, car loans, etc., in the future.

On the other hand, if you delay your loan repayment for personal loans for salaried employees, you will be levied with penalty charges on the overdue amount. So to avoid this, Tata Capital provides an E-mandate facility with which you can link your bank account with your loan, never to miss your repayment.

Click here to know more about the penalty charges for late repayment of a loan

A Personal loan is an attractive loan option that you can avail for various purposes without pledging any collateral. It allows you to tackle your urgent financial needs with utmost ease.

You can calculate your EMIs using Tata Capital’s online Personal Loan EMI Calculator. Enter your loan amount, interest rate, and tenure to instantly get an accurate estimate of your monthly repayment amount. It’s quick and hassle-free!

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What our customers say about us

Awesome team. Professional with the customer and helped with all details. Good job.

KOJENGBAM BIKIM BIKIM CHANDRA

Personal Loan | 24 Jun, 2025

“Excellent service and fast loan approval. Thank you, Tata Capital!”

RANJITHKUMAR NEELAMEGAM

Personal Loan | 11 Jun, 2025

Experience is very good with your financial institution. If needed, I will take services in the near future.

DEEPAK KUMAR

Personal Loan | 25 May, 2025

Excellent support and very clear clarification for the part payment process. Keep it up!

S SURESHPERIASAMY

Personal Loan | 14 May, 2025

Explained clearly and helped me to understand the reason. Knowledgeable on Tata Capital policies and very articulate. Thank you, Tata Capital team.

SUBHADEEP LAL BHATTACHARYA

Personal Loan | 07 May, 2025

Communication and service were excellent.

SHAIK MOHAMMED AKHIL

Personal Loan | 07 May, 2025

Thank you for the excellent service! I truly appreciated the professionalism, attention to detail, and prompt response. It made a big difference and ensured a smooth experience. Keep up the great work!

DINESH KARTHIK LABALA

Personal Loan | 06 May, 2025

Customer service is most friendly and comfortable, and he also helped me with my financial situation.

MANIKANDAN M

Personal Loan | 02 May, 2025

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

Read All

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