Sawaal Karo, Phir Loan Lo – Make Smart Loan Decisions with Tata Capital

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.

EMI bounces usually attract penalties and negatively impact your credit score.

Always ask for a detailed amortization schedule and periodic statements.

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

Floating rates are usually linked to RBI benchmarks and may change multiple times during the loan tenure.

Over long tenures, interest can be much higher than the loan amount. Always ask for the total payable amount.

Many home loans allow prepayment without charges, but this depends on the lender and loan type.

Ask about options like EMI restructuring, tenure extension, or temporary relief.

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

For under-construction properties, loans are usually disbursed in stages based on construction progress.

Unsecured loans don’t need collateral but usually have higher interest rates.

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

Some business loans require weekly or daily EMIs, which can impact cash flow.

Ask if the lender offers flexible EMIs or restructuring options during slow business periods.

In some cases, lenders may ask for a personal guarantee, putting personal assets at risk.

Some lenders require the business to be operational for a minimum number of years.

Loan limits are often based on business revenue, profitability, and bank transactions.

Some loans restrict usage to specific purposes like inventory or machinery.

Lenders usually offer 50–70% of the property’s market value.

Since the loan is secured, the lender has the right to take possession of the property.

Yes, LAP rates are generally lower than personal loans but higher than home loans.

Yes, lenders usually charge property valuation and legal verification fees.

Most lenders allow this, but some may charge a penalty.

You retain ownership, but the property is mortgaged until the loan is fully repaid.

The lender has the right to recover dues by selling the mortgaged property.

Yes, used car loans generally have higher interest rates than new car loans.

The lender evaluates the car’s age, condition, and resale value.

The car is hypothecated to the lender until the loan is fully repaid.

Some lenders charge penalties for early repayment. Always confirm this upfront.

Insurance plays a key role. Ask whether comprehensive insurance is mandatory.

Used car loans generally have higher interest rates.

Comprehensive insurance is usually required throughout the loan tenure.

Apart from EMIs, there may be processing fees, insurance, and documentation charges.

Often, the cost is adjusted through higher interest or longer tenure.

Late payments attract penalties and affect your credit score.

Prepayment may be allowed after a few months, sometimes with a fee.

The RC is usually marked with lender hypothecation until loan closure.

Flat rates appear cheaper but usually cost more overall than reducing balance interest.

Most lenders require a minimum down payment; confirm the exact amount

Repayment usually starts after course completion, following a moratorium period.

Yes, interest accrues during the study period and may be added to the loan amount.

In most cases, parents or guardians are mandatory co-borrowers.

Yes, interest paid on education loans may be eligible for tax deduction under applicable laws.

Ask the lender about repayment flexibility or extension options.

Inform the lender if you receive scholarships—they may reduce the loan amount.

Ask if the moratorium can be extended for further education.

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.

No. You remain the owner, but the securities are pledged with the lender until the loan is repaid.

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.

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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Loan lene se pehle sawal 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?

A quick Loan IQ check before you hit apply.

Finance Wellness Quiz

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

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

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

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

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

Fill in your details to view your score

Calculate your EMI to check your affordability

Does Your Lender Check All The Boxes?

Lender Checklist

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