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Loan Up to Rs. 1.5 Lakh* | Tenure Up to 36 Months | Minimal Documentation | Flexible Repayment
There may be situations where you need to avail of funds quickly. Instead of dipping into your savings or depending on others, you can avail of a small loan to fund these needs conveniently. It is a quick and hassle-free loan that you can utilize for a variety of purposes. From paying medical bills to funding an international trip, Tata Capital's multipurpose small loans are tailor-made to meet your short-term needs.
Enjoy simple eligibility criteria and flexible repayment structures with Tata Capital's small loans. But that's not all. Our loans also come with minimal documentation and the best interest rates in the industry.
What’s more? You can apply for a Small Loan online from the comfort of your home. We especially customize our small-ticket loans for salaried individuals across different salary brackets. With a quick and easy application process, they are best for all your big-ticket expenses.
Tata Capital offers small personal loans online ranging from Rs. 40,000 up to Rs 1.5 lakhs. Our application process requires minimal paperwork and easy eligibility criteria. If you apply for a small loan with Tata Capital, you don't even need to pledge any collateral.
So, what are you waiting for? Apply for a small loan today either online or by sending a request via WhatsApp.
Here are some of the features and benefits of taking a Small Loan online with Tata Capital:
One of the most significant features of small loans is that you don't need to pledge any collateral before opting for one. So, we don't require any guarantees or a mortgaged property to approve your desired small amount loan.
Because we assure 100% transparency in all our instant small loan dealings, we will let you know of any charges, such as processing fees, before you sign on with us. Anyway, our nominal processing fee of only 2% will not feel like much when you apply for an instant small loan with us.
We don't take longer than a few minutes to verify and take action based on the documents you provide. Therefore, our small personal credit online approval process is indeed quick and at affordable personal loan interest rates.
What's the point of getting an instant loan approved on paper but having to wait for days before the funds show up in your account? When you apply for a small personal loan online with Tata Capital, you don’t wait a minute longer than necessary, as we disburse the funds as soon as your small amount loan is approved.
Tata Capital provides a small personal loan for amounts ranging between Rs. 40,000 and Rs. 1.5 lakhs, which is sufficient for a number of big-ticket purchases.
No one wants to worry about submitting hefty paperwork. And, at Tata Capital, we only ask for what’s necessary. Apply for a small finance loan for personal use by submitting minimal documentation.
Worried that your monthly EMIs may become unmanageable. Fret not! With Tata Capital's small amount personal loan, you can go for a monthly standard EMI where principal and interest both will be deducted.
If somewhere down the line, you want to pay off your loan before the fixed tenure, you can. Tata Capital offers a loan pre-closure option at a nominal fee that’s just 4.5% of the outstanding loan amount.
Pay your EMIs at your chosen pace as Tata Capital offers an extended tenure duration between 18 to 36 months.
Institutions like Tata Capital have specially designed this loan for individuals with a small salary or business expenses, as they may face difficulty approving finance of a large amount. Also, repaying this loan is not as challenging because the total amount borrowed is not too much, and you don't pledge any guarantee. So, apply for small loans through our website or via Whatsapp for a seamless and no-strings attached spending experience.
Availability of Small Personal Loans for salaried individuals depends on job stability, income, age, work experience, and CIBIL score
For starters, if you think that small loans from Tata Capital require you to have an excellent credit score, it's not true. Since this loan is customised for low-salaried individuals and new business owners, you can apply for one with limited or low credit history and have real chances of approval.
This relaxation on credit score often comes as a substantial relief for potential borrowers of small instant loans.
Other than this, you must fulfil the following personal loan eligibility criteria to get an instant small loan online from Tata Capitals:
Apply for a small loan at Tata Capital if you fulfil these eligibility criteria. We extend instant loans to salaried professionals, housewives, pensioners, self-employed professionals, and more. So, if you have urgent financial needs to meet, get in touch today!
Whether it is a medical emergency, paying for your children’s education, or funding a personal expense, Tata Capital offers a speedy application process with minimal paperwork requirements. The following documents are required to apply for a small personal loan-
1. Photo ID proof- A copy of your Aadhaar card/ Voter ID card/ Passport/ Driving License
2. Address Proof
3. A copy of your salary slips for the last two months
4. A copy of your bank statements or salary credits for the last 3 months
5. A certificate stating one year of continuous employment
Here are the fees and charges associated with small personal loans:
| Fees and Charges | Details |
|---|---|
| Interest Rate | Tata Capital offers attractive interest rates on small personal loans. |
| Processing Fees | This refers to the fees charged for processing a loan application. |
| Prepayment Charges | This is charged in case the borrower wishes to repay the loan before the agreed upon maturity date. |
| Foreclosure Charges | This is charged in case the borrower wishes to repay the outstanding loan amount in its entirety before the scheduled tenure ends. |
| Stamp Duty | This charge depends on the state in which you’re applying for a loan. |
| Cheque Bounce Charges | This is charged in case the borrower’s cheque bounces. |
| EMI Bounce Charges | This is charged if the borrower misses an EMI payment. |
Whether it is a medical emergency, paying for your children’s education, or funding a personal expense, Tata Capital offers a speedy application process with minimal paperwork requirements. As a salaried employee, you can apply for a small loan offline by following the steps below:
Step 1: Visit your nearest Tata Capital branch. Make sure to carry all necessary documents, including:
Photo ID proof- A copy of your Aadhaar card/ Voter ID card/ Passport/ Driving License
Address Proof
A copy of your salary slips for the last two months
A copy of your bank statements or salary credits for the last six months
A certificate stating one year of continuous employment
Step 2: Complete the application form and attach all documents as directed by our executive.
Step 3: The loan amount will be disbursed as soon as your small personal loan application is approved.
Tata Capital helps you to apply for your small personal loan right from the comfort of your home. Here are the steps to follow when applying for a small personal loan online for salaried employees:
Step 1: Navigate to our official website and click on ‘Apply Now’.
Step 2: You will be directed to a new window. Existing customers and click on the ‘Existing Customer’ tab to start the application process. If you’re a new customer, click on the ‘New Customer’ tab to proceed.
Step 3: Follow the directions on your screen and upload all necessary documents.
Step 4: The loan amount will be disbursed as soon as your small personal loan application is approved.
You can also contact our customer care executives at 1860 267 6060 anytime between 9 AM and 8 PM and let them guide you step by step. Alternatively, our 24x7 virtual assistant, TIA, can give you real-time answers for loan application guidance as well.
A small personal loan is ideal for individuals who need a small amount of money to cover expenses such as health bills, trip expenses, expensive gadgets, etc.
You can apply for an instant small loan even with a low salary at Tata Capital. We offer loans of up to Rs 1.5 lakhs at competitive interest rates and convenient repayment plans, with an easy application process and minimal documentation.
While a credit score of 725 improves your chance for loan approval, showing steady employment for at least a year and zero debts can help you apply for a personal loan even if your credit score is below 725.
At Tata Capital, we offer small personal loans without any collateral. You do not need to commit your assets to obtain a small personal loan. These loans are granted based on your creditworthiness, income, and repayment capacity.
Since it doesn't require any collateral, it makes it more affordable and convenient for individuals who do not have assets to offer as security.
Interest rates for small loans can vary based on multiple criteria and are fixed in nature.
Tata Capital's small instant loans' interest rates start at 11.99% annually and onwards. However, the exact rate applicable to your loan will be decided after assessing your credit profile and other factors.
The approval timeline for small loans can vary depending on several factors, including the lender's internal processes. Generally, lenders approve small instant loans within a few business days, given the complete application has been correctly submitted.
But when you apply for a small personal loan online with Tata Capital, you don’t wait a minute longer than necessary, as we disburse the funds as soon as your small amount loan is approved.
At Tata Capital, we provide you with the facility to apply for a small personal loan online. The application process is quick and easy. You just have to follow the steps given below:
Step 1: Start a new online application by clicking on "Apply Now."
Step 2: Fill out your personal and loan details on the digital form.
Step 3: Next, upload document soft copies and submit them.
Step 4: Once you're done with these three things, simply wait for the verification from our end. If everything is complete, verification usually takes a few minutes.
Step 5: After successful verification, you'll receive an instant confirmation for your small personal credit.
To apply for a small loan, click here.
Even with a low credit score, you can still apply for a small personal loan at Tata Capital. Since this loan is customised for low-salaried individuals and new business owners, you can apply for one with limited or low credit history and have real chances of approval.
A relaxation of credit scores often comes as a major relief to those who may need to take out small instant loans. Other than this, you must fulfill the following eligibility criteria to get an instant small loan online from Tata Capital:
- You must have a minimum salary of Rs 15000 per month.
- You should be working for at least one year.
- When applying, you must fall between 21 to 58 years.
If you think you have sufficient funds and want to make an early repayment of a small personal loan, you can do that. At Tata Capital, we offer a loan pre-closure option at a nominal fee that’s just 4.5% of the outstanding loan amount.
Small loans can be used for debt consolidation. It involves taking out a new loan to pay off multiple debts, such as credit card dues and lets borrowers streamline their repayment process. It is necessary to assess the overall cost and benefits of consolidating before opting for this.
With a Tata Capital small personal loan, you can consolidate your debts, combining multiple payments into a single monthly instalment at a lower interest rate, helping you manage your finances effectively.
Timely repayment of small loans can positively impact your credit rating. This is because it exhibits responsible financial behaviour and can improve your creditworthiness with time.
Therefore, ensure all loan payments are on time to maintain a healthy credit rating. Plus, if you maintain a healthy credit rating, you can get small personal loans at better terms like better loan tenure and interest rates in the future.
The inability to make timely payments on small loans can have several effects. Communicate with the lender upon facing financial difficulties to explore possible solutions and avoid these consequences.
Similarly, at Tata Capital, missed payments can decrease your credit score and incur late payment fees. So, if you are finding it difficult to make your loan payments, it is essential to contact us to discuss your options and negotiate a revised repayment plan.
The maximum loan amount that can be availed through a small personal loan depends on the lender's policies and the borrower's eligibility. Lenders offer small loans up to a limit based on income, creditworthiness, and repayment capacity.
At Tata Capital, we offer personal loans ranging from Rs. 40,000 to Rs. 1.5 lakhs. Your eligible loan amount will be decided post assessing your financial situation and creditworthiness.
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