Personal loan starting
@ 11.50% p.a
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Personal Loan Rates & Charges
Personal Loan Rates & Charges
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Your personal loan interest rate determines your regular EMI payments towards the loan repayment. At Tata Capital, we offer personal loans at low interest rates, along with a flexible repayment tenure.
Moreover, lowest loan interest rates on personal loan can vary for different borrowers depending on key eligibility factors like your monthly income, CIBIL score, loan amount, loan tenure, repayment capacity, employment nature, debt-to-income ratio, financial history, and more. Securing the cheapest personal loan interest rate helps reduce your EMI burden, making repayment more convenient.
With Tata Capital, enjoy an affordable personal loan at lowest interest rates in the industry, starting at just 10.99%!
The interest rates on a personal loan can typically vary anywhere between 10.99% and 29.99% p.a. based on the eligibility calculation and how you fulfil the personal loan eligibility requirements of the financial institution.
| Charges | Minimum | Maximum |
|---|---|---|
| Rate of Interest (ROI) | 10.99% | 29.99% |
| Annual Percentage Rate (APR) | 10.99% | 38.99% |
*Final ROI may vary based on credit checks and other parameters
Getting a low personal interest rates is preferable for reducing your interest outgo and overall costs. Availability of loans can depend on numerous factors; make sure to consider them before applying. You can also use a personal loan EMI calculator to understand to calculate your principal EMIs and interest payable and plan your repayment.
| Customer Profile | Loan Slab | Interest Rate%* |
|---|---|---|
| Salaried | Any amount | 10.99%* onwards |
Use Tata Capital’s Personal Loan EMI Calculator to quickly estimate your monthly instalments and plan your loan repayments better.
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The Marginal Cost of Funds-based Lending Rate (MCLR) is an internal benchmark based on the lender's marginal cost of funds. While personal loans are typically priced above MCLR, changes in MCLR indirectly affect personal loan rates over time. Tata Capital's current MCLR values are updated periodically and published on the website. Rate resets on MCLR-linked products happen every 6-12 months.
Any change in the MCLR affects the overall cost of borrowing for individuals. When the MCLR is lower, loan interest on personal loans also goes down, which results in lower EMIs. On the other hand, a higher MCLR means higher interest rates and increased EMIs.
The MCLR linked to your loan decides how often your interest rate can change. For example, if your loan is linked to a 1-year MCLR, the lender will review your interest rate once every year and update it based on the latest MCLR at that time.
Annual percentage rate (APR) is the yearly loan interest on personal loans and all other charges that you must pay on the loan. Apart from the personal loan rates, the additional charges include processing or service charges, documentation fees, optional insurances, and annual maintenance or handling fees. The APR is always higher than the current loan interest rates for personal loans.
The factors that affect the APR include your credit score, loan amount and tenure, lender-specific policies, and your income and employment stability.
Here are the reasons why you should opt for a personal loan from Tata Capital:
Quick approval: Tata Capital offers quick loan approval, and once approved, the loan amount is instantly credited to your bank account, helping you meet urgent financial needs.
Competitive interest rates: Tata Capital offers one of the best personal loan interest rates, with the minimum interest rate for personal loan starting at just 10.99% p.a., helping keep EMIs affordable and easy to manage.
Flexible repayment options: You can choose a loan tenure that suits your financial comfort and plan your EMIs easily using the personal loan EMI calculator.
Minimal documentation: The application process requires only basic documents, making it simple and hassle-free.
Complete transparency: Interest rates and additional charges, such as processing fee for personal loan or foreclosure charges on personal loan, are clearly communicated upfront with no hidden costs.
When applying for a personal loan, a critical factor in choosing the right loan is the interest rate and accompanying charges applicable to the loan. Your personal loan interest rate determines your regular EMI payments and other charges can affect the loan affordability.
At Tata Capital, we offer competitive interest rates for personal loans and levy nominal loan charges, including processing fees. You can use a personal loan EMI calculator to determine your EMI payments and plan your repayment accordingly.
Transparent fee structure across all Tata Capital personal loans:
| Component | Amount/Rate |
|---|---|
| Interest rate | 10.99% p.a. onwards |
| Processing fee | Up to 3% + GST |
| Documentation charges | Up to ₹1,000 + GST |
| Statement of account | Nominal fee |
| Loan cancellation | Up to ₹1,000 + GST |
| Stamp duty | As per state rules |
| Foreclosure | Zero on floating-rate loans to individuals |
| Part-prepayment | Zero on floating-rate loans to individuals |
At Tata Capital, For default in payment of interest and/ or principal amounts 3% per month on defaulted amount (Annualized Penal Charge of 36%)
Rs 600 per instrument per instance
Rs 450 (Charges will be levied if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by Borrower’s bank for any reasons whatsoever.)
Up to Rs 1999
Up to 5% of the Loan amount + GST
Customer Portal – Nil
Branch Walk-in – Rs 250
2% of the loan facility or Rs 5750 (whichever is higher)
At Actuals
3 days from the date of loan disbursal
Note: GST, other government taxes and levies as applicable, will be payable on all fees and charges.
a) No part prepayment charges shall be applicable on payment of up to 25% of disbursed loan amount during the entire loan tenure.
b) Within 12 months of the first disbursement- 6.5% of the part prepayment amount
c) After 12 months of the first disbursement- 4.5% of the part prepayment amount
d) For part prepayment on Dropline Facility (Hybrid Term Loan), part prepayment charges as mentioned in (b) and (c) above will be applicable only if the facility amount is reduced.
a) Within 12 months of the date of first disbursement- 6.5% of the principal outstanding at the time of foreclosure
b) After 12 months of the date of first disbursement- 4.5% of the principal outstanding at the time of foreclosure
Loan Switch / Balance Transfer Charges
Note: GST, other government taxes and levies as applicable, will be payable on all fees and charges.
Interest on your personal loan can be calculated using two methods. Most lenders including Tata Capital use the reducing balance method as it is fairer to the borrower.
Interest on your personal loan can be calculated using two methods. Most lenders including Tata Capital use the reducing balance method as it is fairer to the borrower.
Interest is calculated on the outstanding principal after each EMI payment. As you repay, the interest component reduces every month. This is fairer to the borrower and reflects the true cost of borrowing more accurately.
The interest rate you receive on a personal loan is not one-size-fits-all. Multiple factors combine to determine the rate offered, and understanding them helps you get the best terms.
Higher scores unlock lower rates. A CIBIL of 750+ typically gets the best rates. Below 700, rates rise significantly.
Clean past repayment record on other loans and credit cards signals lower risk and unlocks better rates.
Higher and more stable income supports both larger loans and better rates.
Applicants from well-known corporates, MNCs, or government positions often get preferential rates.
Lower existing debt burden means more headroom for a new loan, unlocking better terms.
Rates and charges mentioned are indicative and subject to change based on RBI policy and market conditions. Please refer to the sanction letter for actual terms applicable to your loan.
You can negotiate your personal loan’s interest rate based on the following factors-
#1. Your financial profile: Build and maintain a high credit score, preferably 725 or above.
#2. Your repayment history: Lenders will be more willing to offer you a better interest rate if you have a good repayment history.
#3. Your relationship with the lender: You may be able to secure a personal loan at a lower interest rate and better terms if you have a good relationship with the lender.
When you apply for a personal loan at Tata Capital, there is a processing fee Up to 5% of the loan amount + GST. It is a one-time, non-refundable fee charged for processing the application form. Additionally, you will need to pay the applicable GST charges on the processing fee.
The factors that can affect personal loan interest rates are:
#1. CIBIL score
You can get more attractive interest rates with a CIBIL score of 725 and above.
#2. Repayment history
A clean credit history with no EMI defaults and disciplined payments is preferred.
#3. Income
Your income significantly determines your personal loan interest rates. The lender extends more competitive interest rates if you belong to the high-income bracket.
#4. Employer’s reputation
If you work with a credible organisation, the lender considers you less likely to default on EMIs and offers more attractive rates.
#5. Debt-to-income ratio
If you are servicing multiple loans and credit cards, and your debt burden eats up a significant portion of your monthly income, the lender can consider you a high-risk borrower.
Interest rates and promotional offers on personal loans varies from lender to lender and market conditions.
However, if you want to look for pre-approved offers for personal loan application process.
Charges on personal loans are as follows-
#1. Processing fee
This is a non-refundable and one-time processing fee. It’s charged even if the loan is not approved. We charge a nominal processing fee which is Up to 5% of the loan amount + GST
#2. Penal Charge
This is a penal charge for breach material terms of the loan agreement and applied for number of days an EMI remains unpaid. At Tata Capital, you will be charged For default in payment of interest and/ or principal amounts - 3% p.m. on defaulted amount.(Annualized Penal Charge of 36%).
| Types of Charges | Amount |
|---|---|
| Dishonour of any cheque/payment instruments | Rs. 600 |
| Mandate rejection service charge | Rs. 450 |
| Annual Maintenance Charges- Hybrid Term Loan | 0.25% of dropline amount OR Rs.1000, whichever is higher |
| Statement of accounts | This is a charge applied for providing a physical copy of the Statement of Account. You will be charge Rs. 250 + GST for physical copy. Downloading a statement of account on the portal is free of cost. |
| Loan cancellation | 2% of Loan Amount/ Facility amount OR Rs. 5750/- (whichever is higher) |
Personal loan interest rates depend on your credit score, monthly income, job stability, loan amount, and tenure. If you have a high credit score, a good repayment record, and a high monthly salary, you will easily qualify for a loan and get low-interest rates.
Your CIBIL score shows how good you are at repaying loans, and it's essential if you want to get a personal loan at a low-interest rate. You can get even better personal loan interest rates if you have an excellent CIBIL score. A high credit score is considered to be 725 or higher.
At Tata Capital, we offer personal loans starting at 10.99%, which is the best and lowest in the industry. We offer personal loans specifically curated for people in different professions. So, if you are a doctor, a government employee, or a woman looking for personal loans at affordable interest rates, we have got you covered.
Annual Percentage Rate (APR) is the measure of ROI of the loan plus all fees and charges including insurance which are levied to the loan. Accordingly, the APR will have a higher value than the ROI for the loan.
Stamp duty and other charges will vary from one state to another, as the laws of each state tend to differ.
Processing fee is charged as a percentage of the loan amount. It covers the cost of handling the loan application and other administrative costs. At Tata Capital, the processing fee on personal loans is Up to 5% of the loan amount + GST.
Under flat rate, the interest is calculated on the entire original loan amount throughout the tenure. And in reducing balance rate, the interest is calculated only on the outstanding principal, which decreases with each payment.
Most of the lenders charge a processing fee when you apply for a loan. However, some lenders might offer limited promotional schemes with zero or waived processing fees to attract customers during special periods.
Last updated on: 20 Jul, 2026
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