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Pre Approved Offers

Pre Approved Loan Offers

Personal Loan, Business Loan, Insurance, and more

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What is a Pre Approved Loan?

Pre Approved loans, unlike the conventional loans, are offered by lenders themselves to the borrower. These are instant loans and are generally extended to customers who have a proven track record of timely repayments and a strong credit history. It involves minimum documentation and doesn’t require any collateral or security.

Our Pre Approved Loan Offers

Pre Approved loan offers available at Tata Capital include:

Pre Approved personal loans: For your expenses like medical emergencies, home renovation, travel, or weddings, you can avail of a pre approved personal loan. At Tata Capital, you can get loans for up to 35 lakhs with attractive interest and minimal documentation.

Pre Approved business loans: To support your new or existing business, Tata Capital offers pre approved business loans for up to Rs. 90 lakhs with competitive interest rate and benefit from flexible tenure, convenient EMI options, and fast disbursals.

Pre Approved home loans : Tata Capital offers pre approved home loans up to 5 crores with attractive interest rates starting just at 8.75% per year. An easy application and quick disbursal ensure that the whole loan process is convenient and hassle-free.

Pre Approved vehicle loans : Whether you want to purchase a car or a two-wheeler, Tata Capital will provide you affordable pre approved vehicle loans. The benefits include flexible loan tenure, attractive interest rates, and quick loan processing.

Pre Approved education loans :For students looking to pursue higher education in India or abroad, Tata Capital provides pre approved education loans of up to 85 lakhs with a loan tenure of 13 years. The loan comes with pre-admission sanction for a variety of courses.

Steps to Get a Pre Approved Loan with Tata Capital

Follow the mentioned steps below to get a pre approved loan with Tata Capital:

Step 1: Check the website for any pre approved loan offers available for you and click on “Apply Now”

Step 2: Enter yourd details such as mobile number and name verified by PAN

Step 3: Input your loan requirements

Step 4: Enter your personal and banking details

Step 5: Complete a one-time eMandate authorization for EMI payment

Step 6: Apply for insurance to safeguard your loan liabilities against unexpected emergencies

Step 7: Accept E-Agreement, verify your details and enjoy instant disbursal of your loan amount

Features of a Pre Approved Loan

Common features of pre approved loan include:

1. Minimal documentation: These loans are easy to access, thanks to their minimal paperwork. This is because your financial profile and creditworthiness have already been assessed before you’re offered the loan.

2. Collateral free: Pre approved loans are provided based on your credit history and proven repayment record. There is less risk of defaulting so there is no need for collateral as security.

3. Quick loan disbursal: Since you already meet the eligibility criteria, once your details are verified, the loan approval and disbursal can happen within a single day.

4. Flexible repayment: Pre-approved loans typically offer flexible repayment tenures ranging from 12 to 60 months, giving you the freedom to choose what works best for your budget.

5. Varying loan amount: Your pre-approved loan amount is personalised. It is based on factors like your credit history and repayment record.

Benefits of a Pre Approved Loan

Quick funding: After successful verification, expect your loan to be approved and credited to your account within just a few minutes.

Immediate processing: Because you’ve already qualified, there’s minimal scrutiny involved. If your documents are in place, your loan could be approved and disbursed the very same day.

Flexible loan tenure: You have the flexibility to choose a repayment tenure that best suits your budget, typically between 12 and 60 months.

Minimum documentation: If you are an existing customer, no extra paperwork is needed. The lender already has your KYC, bank, and income details required for the process.

Competitive interest rates: Your solid repayment history reflects strong financial discipline. As a result, lenders view you as a low-risk borrower and are likely to offer you competitive interest rates.

Fees & Charges for a Pre Approved Loan

Type of fees	Personal loan	Education loan	Business loan	Home loan	Vehicle loan
Rate of interest	11.99% onwards	11.5%	14% - 26% -Self-Employed Non-Professional 12% - 19% Self-Employed Doctors Interest rate starting 12 % - 17.5 % Self-Employed Professional Other than Doctors	8.75%-salaried 8.85-self-employed	12.5% onwards-two-wheeler 10.75 %-car loan
Processing fee	Up to 5.5% of the loan amount + GST	Up to 2% + applicable taxes	Up to 3%	Starting at 0.10% of Loan Amount + GST-salaried Starting @ 0.20% of Loan Amount + GST-self-employed	Up to 2% + applicable taxes-for two-wheeler Minimum 1.75% of loan amount or Rs 4000 whichever is higher-for car loan

Type of fees

Personal loan

Education loan

Business loan

Home loan

Vehicle loan

Rate of interest

11.99% onwards

11.5%

14% - 26% -Self-Employed Non-Professional

12% - 19% Self-Employed Doctors Interest rate starting

12 % - 17.5 % Self-Employed Professional Other than Doctors

8.75%-salaried 8.85-self-employed

12.5% onwards-two-wheeler

10.75 %-car loan

Processing fee

Up to 5.5% of the loan amount + GST

Up to 2% + applicable taxes

Up to 3%

Starting at 0.10% of Loan Amount + GST-salaried

Starting @ 0.20% of Loan Amount + GST-self-employed

Up to 2% + applicable taxes-for two-wheeler

Minimum 1.75% of loan amount or Rs 4000 whichever is higher-for car loan

Eligibility for a Pre Approved Loan

The eligibility criteria for pre approved loans include:

1. Existing customers

Must have a good credit history and high credit score.
Must have a clean record of timely repayments

2. New customers

Must have a good income and savings pattern.
Need to submit document such as income proof, address proof, and ID proof.

Why Should You Choose Tata Capital for Pre Approved Loan Offers?

There are several reasons for choosing Tata Capital for pre approved loan offers because it provides loans with:

1. Minimum documentation

2. Flexible loan tenure

3. Quick disbursal

4. Easy processing

5. Attractive interest rates

6. No collateral

FAQs for Pre Approved Offers

Tata Capital provides Pre-Approved personal loans, business loans, education loans, home loans, and vehicle loans with the advantage of easy processing, fast disbursal, competitive interest rates, and without the need for collateral.

You can check your pre-approved loan offer by visiting Tata Capital’s official website and clicking on “Check Offer”. After that, you need to provide your number and OTP to get the details on pre-approved loan offers.

Tata Capital provides pre-approved loans with quick disbursal facility. If all the documents and details are verified, you can avail of pre-approved loan with Tata Capital within the same day of applying.

Yes, a pre-approved loan can still be declined if the details you have provided are not accurate or if you do not meet the final eligibility requirements.

You should only apply for pre-approved loan if you have an immediate need for finances. If there is no urgency, compare the interest rates of pre-approved offers with regular loans and choose the loan which is most favourable to you.

The advantages of pre-approved loan over regular loans include zero collateral, easy application, flexible repayment options, faster processing, instant disbursal, flexible tenure, and minimal documentation.

A pre-qualified loan gives you a rough idea of how much loan you might get, based on basic info you provide to your lender. A pre-approval, on the other hand, involves a thorough examination of your financial background and credit history and states that you are pre-approved for a specific loan based on certain conditions