Sawaal Karo, Phir Loan Lo – Make Smart Loan

Tata Capital is committed to being a responsible financial partner, helping people make informed financial decisions.

Sawaal Karo, Phir Loan Lo! is an initiative to build financial awareness—encouraging you to pause, ask the right questions, and understand loans clearly, with simple tools and guides. No pressure. No jargon

Know Before You Borrow!

Explore short videos, posts, and facts that help you understand what to look out for and borrow better.

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Enticing interest rates? Check the fine print!

Is your lender legitimate? Here's how you can verify

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It All Starts With The ‘Sahi Sawaal’

Choose your loan type and discover the ‘Sahi Sawaal’ you must ask,

and the answers you should know before borrowing.

Personal loan interest rates vary based on your credit score, income, and lender. Always ask for the exact rate applicable to you, not just the “starting from” rate.

Your total repayment includes principal + interest + fees. Ask for a breakup so you know how much extra you’ll pay over the loan amount.

Most personal loans have processing fees and other charges. Always confirm all fees in writing before accepting the loan.

Missing an EMI can lead to penalty charges and a drop in your credit score. Repeated delays can make future loans expensive or difficult.

Some lenders allow prepayment but charge a foreclosure penalty. Ask when prepayment is allowed and at what cost.

Fixed rates stay the same, while floating rates change with the market. Floating rates can go up or down, affecting your EMI.

RERA ensures transparency, timely possession, and legal protection. It also allows buyers to raise complaints if the builder delays or changes plans.

Interest may be calculated on a monthly reducing balance or flat basis, which affects the total cost significantly.

Most lenders accept equity shares, mutual funds, bonds, ETFs, and some insurance policies, subject to eligibility and lender policies.

The loan amount depends on the type of security. Typically, lenders offer 50–70% of the value, also known as the Loan-to-Value (LTV) ratio.

LAS interest rates are generally lower than personal loans because the loan is secured. The exact rate depends on the type of security and market conditions.

Yes. You may continue to earn dividends, interest, or bonuses, but selling or switching investments is restricted until loan closure.

If the value drops sharply, the lender may ask for additional collateral or partial repayment. This is called a margin call.

A margin call is a request by the lender to maintain the required security value. Ignoring it can lead to forced selling of your investments.

Loan-Ready?

A quick Loan IQ check before you hit apply.

1

Paying more than the minimum due on your credit card helps reduce interest burden.
2

Your credit score can increase even if your income stays the same.
3

If a loan app asks for access to your contacts to verify your identity, it’s safe to allow it.
4

A loan with a lower interest rate can still be more expensive than a loan with a higher interest rate.
5

If a friend or family member defaults on a loan you co-signed, your credit score stays unaffected.

Calculate your Loan Affordability

Understand whether a new loan fits comfortably within your budget.

Your Current Finances

Step 1/2

Monthly Income

88000

₹10000 ₹2000000

Monthly Expenses

21000

₹5000 ₹3000000

Existing Loan EMIs

Loan 1

Monthly EMI

12000

₹1000 ₹1000000

Loan Amount

300000

₹10000 ₹100000000

Loan Duration

1 Year 30 Years

Rate of Interest

4% p.a 29% p.a

Monthly Income Breakdown

New Loan EMI

₹26,035
Total Monthly Income

₹1,00,000
Monthly Expenses

₹40,000
Existing EMI

₹15,000

Upcoming Step:

Enter your New Loan details to unlock:

Estimated Monthly EMI
Remaining Monthly Surplus
Financial Risk Assessment

Does Your Lender Check All The Boxes?

The right lender makes all the difference. Use this checklist to verify your lender,

spot red flags, and identify potential loan fraud before you borrow.

Lender Checklist

RBI Registration - Always check if the lender is registered with the RBI. If the lender is not on the official RBI list, do not proceed.

Official Website & Contact Details - A genuine lender has a secure (HTTPS) website and verified office address. Missing or unclear contact details are a major warning sign.

Unrealistic Loan Promises - Be cautious of instant approvals, no-documentation loans, or very low interest rates. Real lenders always conduct proper eligibility and credit checks.

Upfront Payment Demand - Legitimate lenders never ask for fees before loan approval. Any upfront payment request is a strong sign of fraud.

Communication from Official Channels - Loan communication should come from official emails or verified accounts. Personal numbers or free email IDs usually indicate scams.

Pressure to Act Immediately - Fraudsters use urgency to force quick decisions. Genuine lenders give you time to review and decide.

Excessive Phone or App Permissions - Lenders do not need access to contacts, photos, or social media. If an app asks for intrusive permissions, uninstall it immediately.

Online Reviews & Complaints - Always check reviews on app stores and social platforms. Repeated complaints about fraud or harassment are a red flag.

Clear & Transparent Loan Agreement - A valid loan must have a written agreement with all charges clearly stated. Never proceed if terms are unclear or undocumented.

Secure App or Website - Download loan apps only from official app stores. Avoid APK files, WhatsApp links, or unknown downloads.

Verified Social Media Presence - Credible lenders usually have verified social media pages. No digital footprint or complaint channel calls for caution.

Proper Sanction Letter - A sanction letter should clearly mention loan amount, interest, and charges. Refusal to share official documents is a serious warning.

Confidential Banking Details - No lender will ever ask for OTPs, PINs, or passwords. Sharing these details can lead to financial loss.

Grievance Redressal System - A genuine lender provides a clear complaint and escalation process. Absence of a grievance mechanism means you should avoid the lender.

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Read These Before You Read the Fine Print

loan for home

Loan lene se pehle sawaal kiya?

Tata Capital is committed to being a responsible financial partner, helping people make informed financial decisions.

Know Before You Borrow!

It All Starts With The ‘Sahi Sawaal’

What is the interest rate on a personal loan?

What will be my total repayment amount?

Are there any processing or hidden charges?

What happens if I miss an EMI?

Can I repay the loan early?

Are there charges for EMI bounce or cheque return?

Will I receive a loan statement and repayment schedule?

Is the interest rate fixed or floating?

How often does the floating interest rate change?

What is the total cost of the home loan?

Are there prepayment or foreclosure charges?

What happens if I face financial difficulty in future?

Why is RERA registration important for a home buyer?

Is my loan amount disbursed fully or in stages?

Is the business loan secured or unsecured?

How is the interest calculated?

What is the repayment frequency?

What happens if my business income fluctuates?

Will my personal assets be at risk?

What is the minimum business vintage required?

Is the loan amount linked to my turnover or profit?

Can I use the loan for any business purpose?

How much loan can I get against my property?

What happens if I fail to repay the loan?

Is the interest rate lower than a personal loan?

Are there any additional legal or valuation charges?

Can I prepay or foreclose the loan early?

Will I lose ownership of my property?

What happens if I am unable to repay the loan?

Is the interest rate higher for a used car loan?

How is the car’s value decided?

Who owns the car during the loan tenure?

Are there prepayment charges?

What if the car gets damaged or totalled?

What is the interest rate compared to a new car loan?

Is insurance mandatory for the loan?

What is the actual cost of the loan?

Are zero down payment offers really free?

What happens if I miss an EMI?

Can I close the loan early?

Who keeps the RC of the vehicle?

Is the EMI calculated on a flat rate or reducing balance?

Is a down payment mandatory?

When do I have to start repaying the loan?

Is interest charged during the study period?

Do my parents need to be co-borrowers?

Are there tax benefits on education loans?

What happens if I don’t get a job immediately?

Are scholarships or grants adjusted against the loan amount?

What happens if I pursue higher studies after completion?

Which securities can be pledged for LAS?

How much loan can I get against my securities?

What interest rate is charged on LAS?

Will I lose ownership of my investments?

Can I continue to earn returns on my investments?

What happens if the market value of my securities falls?

What is a margin call and why is it important?

Loan-Ready?

Calculate your Loan Affordability

Does Your Lender Check All The Boxes?

Lender Checklist

Read These Before You Read the Fine Print

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Understanding different types of interest rates and how they are calculated

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