Tata Capital Housing Finance Personal Loan Interest Rate

4.5

Tata Capital offers personal loans with rates starting at 10.99% p.a. for loans up to Rs 35 lakh and terms up to 6 years. Tata Capital provides personalised personal loans with speedy processing, including pre-approved immediate personal loans to a select group of consumers and instant modest personal loans to salaried people with spotty or no credit histories.

  • 10.99%

    Interest Rate (p.a.)
  • Up to ₹35L

    Tenure(Up to 6 Years)
  • Up to 2.75%of the loan amount

    Processing Fee

Compare Tata Capital Housing Finance Personal Loan Interest Rates with Other Lenders

Before deciding to secure a Tata Capital Housing Finance Limited personal loan, you should thoroughly compare interest rates with other banks and finance providers. The following comparison will help you determine how Tata Capital Housing Finance Limited personal loan is better than other products.

  • Starting Interest Rate (p.a)
  • Processing Fee
  • Rating
  • Min. Loan Amount
  • CASHe PL Interest Rate

  • 27%

  • We offer a 2.50% interest rate per month (Equivalent to reducing the balance interest rate to 3.71% per EMI) on the loan amount.

  • 4.5

  • ₹1K - ₹4L

    Tenure(7 - 45 Years)

  • Prefr PL Interest Rate

  • 15% - 36%

  • 3-5% with Minimum Proc. Fee of INR 1500 + GST

  • 4.5

  • ₹50K - ₹5L

    Tenure(1 - 4 Years)

  • 50 K
  • 1 Cr
Years
  • 1
  • 5
%
  • 8
  • 25

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

Tata Capital Housing Finance PL Interest Rate

Tata Capital Housing Finance Limited offers personal loans of up to INR 20 lakhs with repayment terms ranging from 12 to 60 months. Borrowers can use ICICI Personal Loans for weddings, vacations, house renovations, and situations requiring medical attention. Based on the applicant's credibility, Tata Capital Housing Finance Limited personal loan interest rates range from 11.25% per annum to 17.99% per annum. An individual borrower's rate options are determined by their credit score, current debt, repayment history, and risk profile. These are a few factors that are considered before concluding the offered personal loan Tata Capital Housing Finance Limited interest rate. 

Tata Capital Housing Finance Personal Loan Interest Rates by Schemes

Tata Capital Housing Finance Limited offers its customers a wide array of personal loan schemes. These schemes help cover various financial needs, such as fulfilling the applicant's requirements. The below-depicted table enlists the different personal loan schemes offered by Tata Capital Housing Finance Limited and their interest rates. 

Scheme Specification Interest Rates
NRI Personal Loan To address the personal needs of Non-Resident Indians. 15.29% per annum onwards.
Top-Up Loan A supplement to the existing loan with speedy processing and disbursement capabilities to meet the applicants' requirements. 11.25% per annum onwards.
Balance Transfer Existing personal loans from other banks/NBFCs are transferred to Tata Capital Housing Finance Limited at a cheaper Tata Capital Housing Finance Limited personal loan interest rate. Available at the bank's discretion and the borrower's credit profile. 
Fresher Funding To cover the personal expenditures of new hires and first-year students. Banks offer loan amounts of up to INR 1.5 lakhs.  11.25% per annum onwards
Holiday Loan Personal loans online with a simple application and speedy processing to cater to individuals' travel needs.  11.25% per annum onwards
Home Renovation Akin to a personal loan explicitly tailored to the borrower's housing needs. Applicants can avail of a home renovation loan of up to INR 20 lakhs within 72 hours.  11.25% per annum onwards
Wedding Loan  Cater to your last-minute wedding expenses with Tata Capital Housing Finance Limited personal loan without providing any collateral.  11.25% per annum onwards

Tata Capital Housing Finance Limited Personal Loan Interest Rates for Salaried and Self-Employed

Tata Capital Housing Finance personal loan interest rates for salaried employees and self-employed professionals start from 11.25% onwards. It can go up to 17.99% based on the applicant’s credibility and other factors such as income, age, repayment history, etc. 

Type of Employment Offered Personal Loan Interest Rate Processing Charges  Prepayment Charges
Salaried Employee From 11.25% per annum onwards 2.25%  of the approved loan amount Not Applicable
Self-Employed Professional From 11.25% per annum onwards INR 1999 Not Applicable

Tata Capital Housing Finance Limited Personal Loan Interest Rate for Salary Account

There are various benefits of having a salary account with Tata Capital Housing Finance Limited. One advantage is securing a personal loan with quick approval and attractive interest rates. The best part about having a Tata Capital Housing Finance Limited salary account is the bank is well-versed in your repayment history, debts, income and other associated factors. Based on this information, securing a personal loan at lower interest rates, i.e. from 11.25% per annum onwards, becomes an easy deal. 

Tata Capital Housing Finance Limited Pre-Approved Personal Loan Interest Rate 

Tata Capital Housing Finance Limited pre-approved personal loans are available for specific customers.

To know your eligibility for a pre-approved offer, visit the bank's official website and provide specific details. It will help you to determine the pre-approved personal loan amount you're eligible for. The bank generally provides a pre-approved personal loan to customers with good credit history and a clean repayment track. 

Additionally, Tata Capital Housing Finance Limited pre-approved personal loan interest rate is lower than the one offered to other applicants starting from 11.25% onwards.

Tata Capital Housing Finance Limited Personal Loan Balance Transfer Interest Rates

Tata Capital Housing Finance Limited offers a loan balance transfer facility to applicants paying higher interest rates than other banks. With Tata Capital Housing Finance Limited, they can transfer the existing loan account to Tata Capital Housing Finance Limited and unlock the benefits of lower interest rates starting from 11.75% onwards. 

Tata Capital Housing Finance Limited Personal Loan Fees and Charges

Before applying for a personal loan from Tata Capital Housing Finance Limited, along with offered interest rates, you must get acquainted with the associated fees and charges. Being familiar with these terms can help you determine the borrowed amount's overall incurred cost. 

Credit facility Type Tata Capital Housing Finance Limited Personal Loan Interest Rate and Applicable Charges
Personal Loan Interest Rates 11.25% per annum to 17.99% per annum
Charges for Loan Processing Charges or Origination (Non-Refundable) Up to 2.50% of total loan amount + GST
Charges Associated with Prepayment 5% on remaining principal amount (+) GST (in case of the salaried borrower)
Nil if the loan is closed using own funds (MSME classified customers)
Additional Interest on Late Payment 24% per annum
Charges for Repayment Mode Swap ₹500 per transaction (+) GST
Charges for Loan Cancellation ₹3000 plus GST
Charges for EMI Bounce ₹400 per bounce plus GST

Factors Affecting Tata Capital Housing Finance Limited Personal Loan Interest Rates

Tata Capital Housing Finance Limited personal loan interest rates vary from applicant to applicant, and several points drive this variation. Some essential factors significantly affect Tata Capital Housing Finance Limited PL interest rates. These are as follows:

  • Credit Rating: The CIBIL Score or Credit Score of the applicant plays a vital role in determining the offered interest rate. An applicant with a good credit score, i.e. more than 650, has a higher chance of getting loan approval at lower Tata Capital Housing Finance Limited interest rates. A good credit score caters to securing a better deal in terms of offered interest rates. 
  • Financial Stability: Applicants must have the financial stability to grab a lower interest rate. A high-earning job ensures that the applicant will make on-time payments improving the chances of personal loan approval at lower interest rates. Thus, a stable income source is recommended before applying for a personal loan.
  • Higher Income in Loan-to-Value Ratio (LTV): Applicant's income should be more than the monthly repayment amount. It ensures the applicant can cope with monthly expenses with utmost ease while repaying the instalments.
  • Loan Repayment Tenure: Prolonged repayment tenure results in lower monthly instalments, resulting in lower interest rates. However, when you make repayments for a longer tenure, you pay more in terms of interest component.
  • Relationship with Tata Capital Housing Finance Limited: A good relationship opens doors to numerous additional benefits. When you have good terms and make on-time payments, the bank considers you a trustworthy customer, allowing you to get a personal loan at lower interest rates. 

How to Get Low-Interest Rates on Tata Capital Housing Finance Limited Personal Loan?

You must keep certain things on track to get low-interest rates on Tata Capital Housing Finance Limited personal loans. Here is how to get a personal loan from Tata Capital Housing Finance Limited at low-interest rates:

  • Applicants must try and maintain a CIBIL score equal to or above 750. It increases the chances of loan approval at lower interest rates.
  • Explore pre-approved personal loan offers provided by banks and NBFCs to get instant approval and quick disbursal.
  • Keep track of lenders offering personal loan interest rates during the festive season to unlock a better deal.
  • Count on existing lenders to get a personal loan at lower interest rates.
  • Visit Urban Money, an online financial marketplace, to compare Tata Capital Housing Finance Limited Personal Loan interest rates with other available lenders and choose the optimum one.

How to Calculate Tata Capital Housing Finance Limited Personal Loan Interest/EMI

You can easily calculate Tata Capital Housing Finance Limited personal loan EMIs using a personal loan EMI calculator. This advanced tool allows you to compute Tata Capital Housing Finance Limited personal loan EMIs in split seconds by entering a few details, including loan amount, interest rate and repayment tenure.

You can also use the mathematical formula below to compute personal loan EMIs. 

EMI = [P x R x (1+R)^N]/[(1+R)^N-1],

Where N is the number of instalments towards the borrowed amount, P is the borrowed personal loan amount, and R is the rate of interest. By inserting desirable values in the formula, you can compute monthly instalments. 

Personal Loan by Other Banks

Frequently Asked Questions (FAQs)

What is the current interest rate of Tata Capital Housing Finance Limited personal loan?

Tata Capital Housing Finance Limited personal loan interest rates in 2023 range between 11.25% per annum to 17.99% per annum.

How can I reduce my interest on a Tata Capital Housing Finance Limited personal loan?

To reduce interest on Tata Capital Housing Finance Limited personal loan, try making part-prepayments when the interest component is high in the initial repayment tenure.

Is Tata Capital Housing Finance Limited personal loan a floating or fixed-rate loan?

Tata Capital Housing Finance Limited offers personal loans at fixed rates of interest.

Do Tata Capital Housing Finance Limited demand collateral or security for a personal loan?

Tata Capital Housing Finance Limited offers a personal loan without collateral or security to cater to the versatile needs of the customer.

Can individuals pay off their Tata Capital Housing Finance Limited loan EMI early?

Individuals can pay off their Tata Capital Housing Finance Limited loan EMI early. All you need to ensure is you make part prepayment only upon twice the EMI amount to avoid associated charges, 

What is the EMI for a 1 lakh personal loan?

The EMI for a personal loan of 1 lakh varies from one applicant to another, based on their credit profile. For instance, if you secure a Tata Capital Housing Finance Limited personal loan of INR 1 lakh for five years at an interest rate of 10.5%, your monthly EMI will equate to INR 2,149.

What is the EMI for a ten lakhs personal loan?

The EMI for a personal loan of 10 lakhs varies from one borrower to another. The bank will consider several pointers to determine the offered interest rate, which will decode the monthly EMI. For instance, if you secure a Tata Capital Housing Finance Limited personal loan of INR 10 lakh for five years at an interest rate of 12.04%, your monthly EMI will equate to INR 22,265.

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