Tata Capital Personal Loan

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Tata Capital Personal Loan
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Description

• TATA Capital is a subsidiary of TATA sons
  limited.
• It is a NBFC.
• Currently, operating on 100 branches spread
  nation-wide.
• Tata Capital provides quick and easy personal
  loan to take care of every monetary requirement
  like marriage in the family, childs education,
  full family vacation, home renovation, medical
  emergency or repayments of an old debt.

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Features and Benefits of Tata Capital Personal
Loan

• Multipurpose loan.
• No collateral or security is needed.
• Attractive and competitive fixed rate of
  interests.
• Flexible loan tenure of up to 6 years based on
  the profile of the customer.
• Quick processing and disbursal.
• Loan repayment in easy installments.
• Repayment through ECS(Electronic Clearing
  Service)/Auto Debit/PDC(Post Dated cheques).
• Minimal documentation.
• No requirement of a guarantor.
• No repayment charges.
• No hidden charges.

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Eligibility Criteria

• Salaried individuals The borrower should be a
  salaried employee of an MNC, public limited
  company, State/Central government or PSU.
• Income Minimum income should be ? 20K per month.
• Age limit 
• For salaried individual who is at least 21 years
  old at the time of loan approval and maximum of
  58 years at the time of loan maturity.
• Self-employed individuals who are a minimum of 25
  years to a maximum of 65 years old can avail the
  loan.
• Service 
• Salaried individuals should have overall
  employment stability of a minimum of 2 years.
• Self-employed individuals should have been in the
  same business/city for a minimum of 3 years.
• Loan amount Individual can avail a minimum of ?
  75K to a maximum of ? 15 Lakhs of the loan
  amount.
• Tenure It ranges up to 6 years.

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Documents Required

• Filled loan application form.
• Passport size photographs.
• Income Tax PAN copy.
• ID proof Driving License/PAN card/Passport/Voter
  s ID.
• Residential proof Registered Rent
  Agreement/Passport/Leave License/Utility bill
  (up to 3 months old).
• Income proof 2 years form 16, 3 months pay
  slip, 3 months bank statement showing salary
  credit EMI debit (if any).

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Tata Capital Personal Loan Interest Rates and
Other Charges

• Rates are subject to periodic changes. Tata
  Capital Personal Loan interest rates and other
  fees/charges are subject to regular reviews. They
  can also vary from customer to customer depending
  upon a number of factors.

Interest Rates 11.25 - 19
Loan tenure From 12 to 72 months
Loan amount From ? 75000 to ? 25,00,000
Processing Fee Up to 2.5 of the total loan amount GST
Minimum net monthly income ? 15,000
Age 22 to 58 years
Foreclosure charges Allowed only after 6 EMIs Charge is 4.5 of the principal outstanding GST
Loan cancellation charges 2 of loan amount or ? 5750, whichever is higher  GST
Prepayment Charges Allowed only after 6 EMIs No prepayment charge if the prepayment amount is below 25 of the principal outstanding. Prepayment Charge is 2.5 of the principal outstanding GST if the prepayment is more than 25 of the principal outstanding.
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Thank You !!!