Why Tata Capital Personal Loan Interest Rates Are The Best in The Market?
Why someone needs a personal loan? The answers can vary from one person to another as everyone has unique needs for which they need to require a loan. It can be for buying the latest iPhone or it can be for funding your child’s education. Whatever the need is, one must look at the rate of interest on the personal loan they’re opting for. Talking about rates, Tata Capital personal loan interest rates are considered to be one of the lowest in the market.
A personal loan from Tata Capital caters to your every need with flexible repayment options and at an attractive rate of interest. So if you’re looking for a tailor-made loan for you, you can bank upon Tata Capital to fulfill your requirements. Read on to know more about its features, EMI calculator, eligibility criteria and required documents!
Features of Tata Capital Personal Loan that make it trustworthy among customers:
Below are some of the fascinating aspects that you want to have a look at before settling on the right one for you.
- You have the liberty of choosing the loan amount according to your needs. It ranges from ₹75,000 to ₹25,00,000.
- Tata Capital personal loan interest rates start from 11.25% per annum. However, it also depends on your loan eligibility, income, employment type.
- You don’t need to present any collateral or security to avail of a personal loan.
- After 6 months of your loan period, you can prepay part of the loan amount at any point without paying any additional charges.
- The tenure of your loan ranges from 12 to 72 months.
- With the overdraft facility, you can withdraw an additional amount above your loan amount if any need arises.
- You can repay the loan amount through an auto-debit or ECS facility.
- There is no paperwork while applying for the loan and you can get instant approval on your loan.
What if I tell you that you can estimate your monthly installments before opting for a loan? You might say that I can, but it will be full of complexities. Well, with the help of an EMI calculator, you can calculate it in an errorless and hassle-free manner. You just need to put a few basic details like the desired loan amount, Tata Capital personal loan interest rates, and tenure period.
The results will be before you in a jiffy. Apart from the monthly installments, you will also get a total interest amount and total payment (principal+interest). Since this calculator is highly flexible, you can check the EMI amount for multiple times.
How can I be eligible for a TATA Capital Personal Loan?
In order to be eligible for it, you need to qualify certain conditions that are mentioned below.
- An applicant should be between 22 to 58 years of age.
- The monthly income should be or more than ₹15,000.
- Your employment stability plays a huge role in defining your eligibility. You should be working in the same company for the last 6 months.
- Total work experience must be of at least 1 year.
There are a few basic documents to authenticate your identity, address, and income. You can have a look at them below.
- Voter card/ Aadhar card/ Passport/ Electricity Bill/ PAN card
- Salary slip for the last three months
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