✖Pre-loan Eligibility checker
Last updated on: July 22, 2025
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Read Bio| Eligibility Criteria | Requirement |
|---|---|
| Age | 21 to 58 years |
| Minimum Work Experience | 1 year of continuous work experience in the same organization |
| Credit Score | 750+ |
| Loan Amount | ₹40,000 to ₹35 Lakhs |
To validate eligibility, Tata Capital requires the following documents:
Proof of Identity: PAN card, Aadhaar card, Passport, or Driving License.
Proof of Address: Utility bills, Aadhaar card, Passport, or rental agreement.
Income Proof:
Employment Proof: Offer letter or employment certificate (for salaried individuals) or business proof (for self-employed applicants).
| Transaction | Charges (₹) |
|---|---|
| Interest Rates | From 11.99% |
| Loan Processing Fee | Up to 5.5% of the loan amount |
| Late Payment Charges | 3% per month on the defaulted amount |
| Cheque Dishonour | ₹600 |
| Mandate Rejection | ₹450 |
| Loan Cancellation | 2% of the disbursed loan amount or ₹5,750 (whichever is higher) |
| Foreclosure Charges | 4.5% of the principal outstanding amount + GST |
| Part Payment Charges | 4.5% |
1. Can I apply with a credit score below 700?
Yes, although a score above 700 is preferred, Tata Capital may still consider applicants with a slightly lower score based on other factors. Please note that approval personal loan for lower credit score is entirely at the discretion of the lender
2. Are there specific benefits for salaried applicants with stable incomes?
Yes, salaried applicants with stable incomes enjoy faster processing, and they may qualify for larger loan amounts and better interest rates.
3. What documents are needed to verify income and employment?
Salaried applicants need recent pay slips and bank statements, while self-employed individuals provide ITR and financial statements for verification.
4. Is there any option for prepayment or foreclosure?
Yes, Tata Capital allows prepayment or foreclosure, though minimal charges may apply; this is ideal for those looking to repay their loan early.
5. How long does it take to get the loan approved and disbursed?
Tata Capital typically processes applications within 3–5 working days, ensuring a quick and seamless experience from approval to fund disbursal.
Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.
Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.
The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.
This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.
Based on Google's Helpful Content System, this article emphasizes user value, transparency, and accuracy. It incorporates principles of E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness).
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