Why Is Tata Capital Best - Personal Loan
A personal loan from Tata Capital is very easy to access. It has all the features which an ideal personal loan should have. Blog: http://www.gorelations.com/blogs/2559/26408/why-is-tata-capital-best-for-personal-loan
A personal loan from Tata Capital is very easy to access. It has all the features which an ideal personal loan should have.
Blog: http://www.gorelations.com/blogs/2559/26408/why-is-tata-capital-best-for-personal-loan
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<strong>Why</strong> <strong>Is</strong> <strong>Tata</strong> <strong>Capital</strong> <strong>Best</strong> For <strong>Personal</strong><br />
<strong>Loan</strong>?<br />
<strong>Personal</strong> loans are the best instruments to meet your financial requirements or<br />
to tide over the urgent cash crunch. <strong>Personal</strong> loans are unsecured loans and they<br />
are the ideal tool when you don’t have security or property to pledge for the<br />
loan amount. We are living in an era where a personal loan applicant can get the<br />
desired loan amount within hours of applying. It depends on the lender to lender<br />
how their services are towards their customers. Sorting the best lender is a very<br />
crucial task while trying to avail a personal loan with best of the services.<br />
The present finance market is stuffed with a number of banks and NBFCs with<br />
attractive offers on the personal loan. One of the top financial institutions with<br />
awesome services on the personal loan is <strong>Tata</strong> <strong>Capital</strong>.<br />
<strong>Tata</strong> <strong>Capital</strong> <strong>Personal</strong> <strong>Loan</strong><br />
<strong>Tata</strong> capital provides all-purpose personal loans up to 25 lakhs which is a quite<br />
big amount. <strong>Tata</strong> capital personal loans are collateral free loans hence one<br />
doesn't need to keep any of his valuables in lien to get the loan sanctioned. The<br />
loan amount can be used for any general purpose such as bearing marriage<br />
expenses, funding an abroad trip, paying medical bills, spending for home<br />
renovation and so on. The <strong>Tata</strong> <strong>Capital</strong> personal loan interest rate is<br />
comparatively lower than other banks and NBFCs. It charges an interest rate
which is as low as 11.49%. Here are the other fees and charges for a <strong>Tata</strong><br />
<strong>Capital</strong> loan. Processing fee of a <strong>Tata</strong> capital person loan can vary depending on<br />
the particulars of your loan.<br />
Foreclosure Charge-4.5% of the principal outstanding at the time of<br />
foreclosure + ST<br />
Part-payment Charges- 2% (of the amount paid) + GST is applicable<br />
<br />
beyond that period.<br />
Delay in Paying EMI Charges- 2% on every outstanding month over the<br />
prevailing interest amount.<br />
These nominal fees and charges are to be paid by the borrower while availing a<br />
personal loan from <strong>Tata</strong> <strong>Capital</strong>.<br />
<strong>Tata</strong> <strong>Capital</strong> <strong>Personal</strong> <strong>Loan</strong> Features<br />
<strong>Tata</strong> <strong>Capital</strong> is one of the top most NBFCs in India for the <strong>Personal</strong> loan. The<br />
comprehensive service and multiple features make it one of the best-picked<br />
lenders. Here are some features of <strong>Tata</strong> <strong>Capital</strong> personal loan.<br />
Multipurpose <strong>Loan</strong><br />
<strong>Tata</strong> <strong>Capital</strong> personal loans can be used according to the need of the borrower.<br />
Affordable Interest Rate<br />
<strong>Tata</strong> <strong>Capital</strong> offers a competitive interest rate on personal loans which is as low<br />
as 11.49%<br />
Easy Repayment<br />
One can use multiple ways of repayment such as post-dated cheques, ECS,<br />
online payments of EMI and so on<br />
Minimal Paperwork<br />
This financial institution demands only a few documents for approving a loan.<br />
No Collateral<br />
<strong>Tata</strong> <strong>Capital</strong> personal loan is an unsecured loan, so none of your valuables is at<br />
risk.<br />
Online Access<br />
<strong>Tata</strong> <strong>Capital</strong> provides access to handle your credit account online, which made<br />
it much easier to do payments, check balance etc.<br />
Fast Disbursal<br />
One can get the loan amount in the bank account within 72 hours of applying.<br />
Customer Support System<br />
One can call or email to the customer support team at any time to clarify any<br />
doubts regarding the loan.
Online Eligibility Checking & EMI Calculator<br />
<strong>Tata</strong> <strong>Capital</strong> provides the convenience of checking the loan eligibility and EMI<br />
using the website. One can even apply for the loan online without visiting the<br />
bank.<br />
High <strong>Loan</strong> Amount<br />
One can take a personal loan upto 25 Lacs as a personal loan which is indeed a<br />
very big amount.<br />
<strong>Tata</strong> <strong>Capital</strong> <strong>Personal</strong> <strong>Loan</strong> Eligibility<br />
The eligibility which one needs to fulfill a personal loan is very basic ones.<br />
Both the salaried and the self-employed can apply for a personal loan. The<br />
criteria which one need to fulfill are-<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Both salaried and self-employed must have to in the age group between<br />
21-58 years.<br />
A salaried person must have at least two years of overall working<br />
experience and at least 6 months with the current employer whereas a<br />
business person must prove 3 years of business turn-over.<br />
The income of Salaried Individuals should not be less than Rs. 20,000 per<br />
month<br />
The amount which can be taken as loan depends primarily on the cash<br />
flow and the liabilities of the applicant.<br />
Salaried Persons: With a minimum income of Rs.20,000 pm one will be<br />
considered eligible for a maximum loan of Rs.15,00,000.<br />
Self-Employed Persons: With a minimum income of Rs. 2,00,000 per<br />
annum, a self-employed professional can get a maximum loan of Rs.<br />
20,00,000.<br />
Business Owners: With a minimum income of Rs. 2,00,000 per annum, a<br />
self-employed professional can get a maximum loan of Rs. 15,00,000.<br />
<strong>Tata</strong> <strong>Capital</strong> <strong>Personal</strong> <strong>Loan</strong> Documents<br />
The documents which an applicant has to furnish in order to get the loan<br />
sanctioned are given below.
Latest Income Tax Return(ITR) along with the computation of income, Balance<br />
sheet(B/S) and Profit & Loss(P&L) for the last 2 years certified by a CA.<br />
A personal loan from <strong>Tata</strong> <strong>Capital</strong> is very easy to access. It has all the features<br />
which an ideal personal loan should have. So whenever you feel that your<br />
savings are not enough to meet both the ends, go for a personal loan from <strong>Tata</strong><br />
<strong>Capital</strong> and repay it in small EM<strong>Is</strong>.<br />
Happy Borrowing!