Download - Know All About Personal Loans
Reasons to get a Personal Loan
Education Home Renovation Marriage
Travel Abroad Gift for loved ones Existing Loan Repayment
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Things to Consider for a Personal LoanPenalty Charges: A
very heavy penalty that is charged on your loan
amount if you cant repay on time
Credit History: Check your credit score before applying for a Personal Loan to know if you can
get one
Hunt for the Best Deal: Try and consider
multiple lenders to get the best possible
interest rate
Need or Greed?: Apply for a personal loan only if you genuinely need
one
Interest Rates: Personal Loans attract a
very high interest rate because you need not
keep any asset as collateral
A personal loan is an unsecured
loan which is processed
quickly and helps you to meet your financial
requirements
Why Tata Capital’s Personal Loan?
Attractive Interest Rates
Quick- Disbursements
No-Charges-on-Pre-payment How to pre-pay
Online Tracking of Application
Minimum-Paperwork
Flexi-EMI-Options
Repayment-Options
No-Collateral-Required
Easy-Payment-Options
Can-be-used-for-any-purpose
Flexi EMI Options
You can start repaying your loan with a lower EMI and increase it gradually, year after year.
Who is it ideal for?Opt for this option if your EMI is eating into your monthly income.
You can start repaying your loan with a higher EMI and lower it, year after year.
Who is it ideal for?Opt for this option if you have a high disposable monthly income and wish to build and asset quickly
You can start repaying your loan with periodic lumpsum payments and lower your EMI considerably.
Who is it ideal for?Opt for this option if you are expecting a bonus or periodic increments on your regular income.
Step Up Step Down Bullet
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Eligibility & Documentation For Self Employed
Parameters Self Employed Professionals Self Employed Individuals
Age 25-65 Years 25-65 Years
Business Continuity Should be in the same Business & City for Minimum 3 Years Should be in the Business for Minimum 3 years &should also have a total work experience of 3 years
Minimum Income Rs 2,00,000 per year Rs 2,00,000 per year
Minimum Loan Amount Rs 75,000 Rs 75,000
Maximum Loan Amount Rs 15,00,000 Rs 15,00,000Tenure 12-48 Months 12-48 Months
Documents Required
• Identity Proof: Voters ID /Passport/Driving License • Identity Proof: Voters ID /Passport/Driving License
• Address Proof: Ration Card/Electricity Bill/Rental Agreement/Trade License/Sales Tax Certificate
• Address Proof: Ration Card/Electricity Bill/Rental Agreement/Trade License/Sales Tax Certificate
• Banks Statement for the last 6 months
• Banks Statement for the last 6 months• Latest Income Tax Return(ITR) along with the
computation of income
• Proof of Highest Professional Degree• Balance sheet(B/S) and Profit& Loss(P&L) for the last 2
years certified by a CA
• Latest Income Tax Return(ITR) along with the computation of income• Proof of Continuation: Trade License/Sales Tax
Certificate/Establishment.
• Balance sheet(B/S) and Profit& Loss(P&L) for the last 2 years certified by a CA. • Certified copy of Partnership Deed, Memorandum of
Association(MOA), Article of Association(AOA) and Board Resolution
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Eligibility & DocumentationParameters Salaried
Segment
• MNC• Public Ltd.• Co/Large Pvt. Ltd.• State Govt. /Central Govt.• PSU
Age Between 21-58 Years
Job Continuity Should have a job and worked with the current employer for at least 1 year
Minimum Income Rs 20,000 per month
Minimum Loan Amount Rs 75,000
Maximum Loan Amount Rs 15,00,000
Tenure 12-60 Months
Documents Required
1) Identity Proof:
Voters ID /Passport/Driving License
2) Address Proof:
Ration Card/Electricity Bill/Rental
Agreement/ Passport.
3) Bank Statement for the last 3 Months
4) Latest Form 16
5) Most Recent Salary Slip or current dated Salary Certificate
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Services Charges on Personal Loanyour loan. Take a look at them:
Different Charges Amount*
PDC Charges Rs 850
Bouncing Charges Rs 450
Cancellation Charges 2% of loan amount of Rs 5,750 whichever is higher
Duplicate NOC Rs 550
Swapping Charges Rs 600
Foreclosure Charges 4.5% of the principle outstanding at the time of foreclosure + ST
Foreclosure Charges for Top Ups 2% on the future principle outstanding on the existing loan + ST
Duplicate Repayment Schedule Rs 550
Sec 138 and 25 Rs 3,400
Arbitration Filling Rs 4,000
Receiver Order District Court Rs 4,000
Receiver Order High Court Rs 13,500
Notice Rs 125
Legal Notice Rs 300
Execution of Award Rs 5,600
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How to Repay?
Repayment Options: ECS (Electronic Clearance System) by instructing your banker to deduct the
EMI (Equated Monthly Instalment) from the nominated Bank Account
Post-dated Cheques favouring Tata Capital Financial Services Limited
How to Pre Pay: Prepay the entire loan outstanding anytime after 180 days of availing the
same.
Part pre-payment facility without any additional charges.
Part payment is only permissible after 6 months of loan disbursal without any fee
Maximum of 25% part payment is permissible within a year of taking the loan at zero charges
However for greater than 25% part payment, a 2% closure charge would be applicable on the extra amount
Mumbai
Tower A, 1101 Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013
Bhattad Tower, Opposite Kora Kendra Ground, Near McDonalds, Borivali (W), Mumbai – 400092 | Landmark: Near McDonalds
Bangalore
2nd Floor, Prestige Corniche, No.62, Richmond Road, Bangalore – 560025
No.581, 80 Feet Road, 8th block, Koramangala, Bangalore - 560095Landmark: Near Koramangala Police Station
New Delhi
Ground Floor, 19-20, Central Market, West Punjabi Bagh, New Delhi - 110026Landmark: Near HDFC Bank
Ground Floor, Shop No. 22, PP Towers, Netaji Subhash Place, Pitampura, New Delhi - 110034Landmark: Below Pind Baluchi Restarurant at PP Towers
Kolkata
2/5/1, Hindustan Road, Kolkata - 700029Landmark: Near ICICI Bank, (Gariahat branch)
7/1A, Loudon Street, Kolkata - 700017Landmark: Near Shakespeare Sarani Police Station
Tata Capital Branch Near You:
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Tata Capital Contact Details
Write to us at [email protected]
Toll-free number 1800 209 6060
Website : http://tatacapital.com/
Registered Office : One Forbes, Dr. V.B. Gandhi Marg,Fort, Mumbai 400 001, India.Telephone: +91 22 6745 9000Fax: +91 22 6610 6722Corporate Identity Number: U65990MH1991PLC060670
Email: [email protected]