Personal Loan

Personal Loan

What is a Personal Loan?

A personal loan is a type of loan that helps you to tide over a difficult situation when you need funds pronto. A wedding in the family, an unexpected repair on your four-wheeler, a gift to a loved one for achieving success or reaching a milestone, a medical condition that needs immediate attention, higher education for your children, or a trip abroad to attend a reunion of your classmates are all instances that are difficult to plan for. But they crop up repeatedly in your journey of life. They need to be tackled and you are ready to tackle them but you are short of funds. This is where personal loans come in handy as they can be availed of in quick time without too many formalities and what is more without providing any security or collateral.

 We offer you a personal loan based only on your ability to repay the loan.

What does a Personal Loan cover?

You can take a personal loan for a variety of reasons. We provide you personal loans to cover the following purposes:

 1. Personal Loan for Wedding and Marriages
2. Personal Loan for Education and Higher Studies
3. Personal Loan for Travel and Holidays
4. Personal Loan for General Purposes
                                                  Under wedding loans, you can plan your loved one's wedding to meet unexpected expenses that may crop up as they do in most cases because of exigencies.

 Our education loan is right for your children's higher education. You need not fret about looking for funds when our educational loan will set your mind at rest. We fund the education program up to Rs 15,00,000. The repayment and interest calculations are very benign. Repayment starts only when your children start earning after finishing their studies.

 Under travel loans, we have tied up with reputed travel agencies to offer your EMI based travel tours that will be easy on your pockets.

 Under personal loans, you can also take three types of loans that are dependent on your repaying capacity such as

 Step Up Flexi EMI Personal Loan -    

This loan has the feature of increasing the EMI every year in line with an increase in your annual income.

Step Down Flexi EMI Personal Loan - 

This loan has the feature of starting with high EMI initially and reducing every year thereafter.

Bullet Flexi EMI Personal Loan -

 This loan has the feature of making prepayments at periodic intervals.

Are you eligible for a Personal Loan?

We have eligibility criteria based on your profession and source of income. You are eligible for a personal loan if you are

 A salaried person, aged 21-58 years employed in a reputed organisation in the private or public sector with a two-year track record in the organisation earning a minimum salary of Rs 20,000 per month.
Self-employed professional or businessman aged 25-65 years with a 3-year business record in the same city earning an income of Rs 2,00,000 per year
You can go through the detailed personal loan eligibility criteria.

What are the interest rates and the maximum amount of personal loan one can avail?
You will understand that any loan granted comes at a cost to you. The cost to you is in the form of interest rate charged on the principal loan amount.

 We provide personal loans from a minimum of Rs 75,000 to a maximum of Rs 25,00,000/-
We charge interest at the rate varying from 11.49% to 19%. To know more, you can go to personal loan interest rates.
The quantum of the loan and the interest rate depend on factors such as your credit score, standing in the business or profession, the length of service in the organization, income and other loans if any.

How much EMI do you have to pay?

The EMI that you pay depends on the principal loan amount, the interest rate charged and the period for which the loan is taken. We provide a personal loan with loan tenure between 1 year and 7 years.

 For instance, the EMI for a loan amount of Rs 5,00,000 at 12% interest and 3-year tenure would be lesser than the EMI for the same loan amount and interest but with a 6-year tenure.


How can you get a Personal Loan?
You can avail a personal loan from us if you are

 Salaried individual
Self-employed professional
Self-employed businessman
You need to follow some minimal formalities pertaining to the purpose of personal loan such as submitting proof of

 Personal Identity, Address, Employment, Trade or business, Income, Ownership of business, Educational qualifications and Admission to institutes of higher education
You need to submit supporting documents such as

 Bank statements, ITR and Relevant financial statements
What are the documents you need?
You need to submit the standard documents required to establish your credentials.
You need to submit proof of identity and proof of residence.
You need to submit income documents, ITR, trade license and ownership of business documents relevant to your salary, profession or business.
You need to submit proof of admission to an institute of higher education and educational qualifications for education loan.


You can check the detailed requirement of documents needed for a personal loan.

How can you repay the personal loan?
You can decide how you want to repay the loan. For a fixed amount of loan and interest, you can choose the tenure so that you can optimise the EMI you want to pay. The longer the tenure, lower will be the EMI. You can also prepay subject to certain conditions.

 Payment of EMI is through auto debit or ECS facility. In exceptional cases, you can opt for post dated cheque payment facility.

Why Tata Capital?
We at Tata Capital take immense pride in offering you personal loans to cater to your fund requirements without bothering you with too many formalities other than the statutory requirements as prescribed by law.

 We grant you personal loans based on your ability to repay. You yourself can assess your ability to pay and decide the quantum of the loan and the period for which you need the loan as well as the EMI you are comfortable with. We have attractive interest rates that are affordable. You need not furnish any collateral or security to cover the loan.



You can get a personal loan by going through the following minimal formalities:

 Source of income - we seek your income credentials based on your source of income. If you are a salaried person or a self-employed person or you have a regular source of income, you need to furnish the proof of such income to us.

Purpose of loan - you need to tell us the purpose for which you want the personal loan so as to help you to furnish the required documents.

Security - we don't ask you for any security or collateral.

Terms and conditions - so simple that you can meet them without too much effort.

Paperwork - hardly any paperwork. We do everything in digital mode except for the application.

Repayment - you can decide how you want to repay; choose your own EMI, tenure and mode of payment - ECS, post-dated cheques, online or other modes
Interest rates - our interest rates are the best among all lenders; we offer rates and calculations that benefit you
Amount of loan - as high as Rs.25,00,000/-
Minimum documents - you need to submit documents that are available with you in the normal course. We don't demand any special documents
Instant online approval - we approve your loan based on the information submitted during the application process
We at Tata Capital understand you well and therefore we offer you a host of personal loans that cater to any type of requirement you may have. While most financial institutions offer traditional personal loans and we do too but we also bring you three unique personal loans. These loans have a feature which will allow you to close the loan earlier without any prepayment charges. These loans allow you to increase your EMI to match with a raise in your salary or receipt of a bonus or a windfall profit in your business or profession. They also allow you to decrease your EMI by starting with a higher EMI so that as you grow older you can have more disposable income in your hands. The salient features of these loans are



Step up flexi EMI personal loan - this loan has the feature of increasing the EMI every year in line with an increase in your annual income.

Step down flexi EMI personal loan - this loan has the feature of starting with high EMI initially and reducing every year thereafter.

Bullet flexi EMI personal loan - this loan has the feature of making prepayments at periodic intervals.

For More Information Feel Free to Call Me -9821611251

Car Loan

Car Loan

Bringing home the car you've always wanted has never been simpler! At Tata Capital, we aim to make the experience quick, transparent and hassle-free. Attractive Car Loan Interest Rate, a wide range of cars to pick from and your choice of payment structure through flexi EMIs make Tata Capital the best choice for car loan. Before applying, check car loan eligibility and how you can structure your loan repayment using a car loan emi calculator.

THE TATA CAPITAL ADVANTAGE

1. Minimum Loan Amount of Rs 1 Lakh.Quick Disbursal and Hassle-Free Documentation.

2. Competitive Rate of Interest.

3. Tenure Period up to 5 years.

4. Flexi EMIs- Step Up,Step Down, Bullet or Ballooning.

USEDCAR LOANS

1. Finance for up to 90% of car's valuation.

2. Low income requirements for salaried and self employed.

NEWCAR LOANS

1. 100% loan on ex-showroom car price.

2. Low income requirements for salaried and self employed.

Used Car Loan Benefits

In last few years, there has been a growing trend among the people to regularly upgrade their cars after using them for few years. What this does is that it has exponentially grown the used car market. And since used cars offer a good value for money option, many people do not hesitate in going for old cars. Unlike earlier, the lenders are also willing to help buyers buy these cars through used car loans.

                                                                                   Tata Capital offers finance for used cars. Used car loans are offered to purchase a wide variety of cars ranging from small hatchbacks to SUVs and luxury cars. By using technology, the entire process of used car loan application and disbursal is done in a very quick and transparent manner.

                                                                                                   Like any other loan, the most important criteria is the rate of interest being offered. Tata Capital offers competitive used car loan interest rates. A lower interest rate means comparatively lower EMIs for the same tenure. This helps borrowers save thousands of rupees in interest if one was to consider the entire loan duration.

                                           Large banks tend to avoid lending for used cars and even when they do, the terms are not beneficial for borrowers. Mostly, banks want a down payment of upto 20%. From borrowers. But if one avails used car loan from Tata Capital, it's possible to get a loan of upto 90% of car's valuation. This means that only 10% is to be brought in by the borrower as down payment.

                                                   Car loan for used cars can be availed for a period of upto 5 years. This is unlike most lenders who are only willing to lend for upto a maximum of 36 months. Tata Capital also gives borrowers the option of customizing their used car loan repayment schedule as per their convenience. Some of the innovative options being offered are: Step-Up (EMIs increase gradually), Step-Down (EMIs reduce every year), Bullet Payment (allows prepayment in parts, at periodic intervals) and Ballooning Option (lower EMIs with bigger payment in last EMI).

Car Loan Eligibility & Documents

India's car market has been growing at brisk pace in last few years. And the best part is, that with more and more people entering the middle class with higher disposable incomes, the demand for cars is only going to increase in years to come.

                                                                                                           Banks and financial institutions acknowledge this demand for new cars and are willing to help customers with a wide variety of new car loans. So if you were waiting till now to purchase your dream car, then you should not wait any longer. Go and make an application for a car loan at the earliest. But to ensure that your application is processed quickly and without any hassles, make sure that you have a thorough understanding of car loan eligibility criteria and documentation requirements.

                                            Tata Capital is willing to lend upto 90% of the ex-showroom price of the car. But for individuals who are either salaried or self-employed, it's possible to obtain a car loan for almost 100% of the price of the car. The salaried individual needs to have a minimum annual income of Rs 2.5 lac. For the self-employed professionals, the minimum annual income requirements are slightly lower at Rs 2 lac.

                                                                                                      Apart from meeting above mentioned eligibility criteria, individual borrowers also need to submit the following documents in support of their car loan applications:

 Identity Proof: PAN Card, passport, driving license or any other government issued identity document

Age Proof: Since borrower needs to be more than 21 years old, a document supporting age needs to be submitted. Ex - School leaving certificate, Passport, Ration Card, Driving License, etc.

Address Proof: Any government issued document having current address

Income Proof: For salaried individuals, ITR/Salary Slips/Form-16. For self-employed individuals, ITRs or balance sheets/P&L accounts can be submitted.

Signature Verification Proof

Bank Statement of last 3 months

1 or 2 recent photographs

In case of non-individual borrowers, there are some additional requirements that include Certificate of Incorporation for Private and Public Ltd. Companies, Address Proof & Pan Card of the Firm, ITR, Audited Balance Sheet and Profit and Loss Account Bank, etc.

 So make sure that you understand all car loan eligibility criteria and submit your application with all required documents, to get a quick disbursal of your loan.

For More Detail Feel Free to Call Me - 9821611251

Home Loan

What is a Home Loan?

A Home Loan is a loan taken to

• Buy a plot of land or property and construct a house on it
• Buy an already constructed house or apartment
• Renovate your home into your dream house (Home Improvement)
• Conduct Home Repairs in your house
• Add new built-up area to an existing house (Home Extension)

Who is Eligible for a Home Loan ?

You can avail a Home Loan from Tata Capital if you are:

• Above 24 years of age at the time of borrowing the loan
• Within 65 years of age or superannuation (for salaried individuals) whichever is earlier at the time of maturity of the loan
• Salaried individuals working in reputable companies
• Self-employed professionals
• Self-employed non-professionals or businessmen

How much Home Loan amount can you avail?

The Minimum Home Loan amount is Rs 2 Lakhs ( Rs 2,00,000 ) and the Maximum Housing Loan amount is Rs 10 Crores ( Rs 10,00,00,000 ) subject to 80% of the market value of the property.

What is the current Home Loan Interest Rates?

The current home loan interest rates are different for different classes of borrowers. The current rates are

• For salaried professionals and doctors, the lowest rate is 8.75 to 8.8% for a loan amount up to Rs 75 lakhs, and 8.8 to 8.85% for a loan amount above Rs 75 lakhs
• For self-employed professionals and non-professionals, the lowest rate is 8.9% for a loan amount up to Rs 75 lakhs and 9.05% for a loan amount above Rs 75 lakhs

How much EMI do you have to pay?

Your equated monthly installments or EMI would depend on 3 variables: the amount of loan, the interest rate charged and the tenure of the loan. To understand how much EMI you would need to be paid, you can use our Home Loan EMI Calculator to understand the outflow of your home loan.

How to Apply for a Home Loan Online?

Applying for a home loan is as easy as saying 1, 2, 3. In three easy steps, you can submit your application for a home loan from Tata Capital. The three steps are:

• 1. In the first step, enter personal details sought for such as full name as per PAN, gender, date of birth, residential status, email id, mobile number, city, PIN code, and profession.
• 2. In the second step, select the housing loan amount and loan tenure.
• 3. In the third step, submit the application to get a home loan.

Contact For Further Information Regarding Loans-- 9821611251