The Tata Capital Personal Loan offers salaried borrowers up to ₹35 lakh, with a limited-time rate from 10.99% a year and a tenure of up to 84 months. Tata Capital also offers an overdraft facility of up to ₹35 lakh and a balance transfer option, so you can pick the structure that suits your need. It is aimed at salaried borrowers with a good credit record.
Key features
| Personal loan | Up to ₹35 lakh |
|---|---|
| Overdraft facility | Up to ₹35 lakh |
| Interest rate | From 10.99% a year (limited-time offer) |
| Tenure | Up to 84 months |
| Balance transfer | Available |
| Process | Quick approval with minimal paperwork |
Loan or overdraft?
A personal loan gives you a fixed amount upfront with fixed EMIs, which is ideal for a single big expense like a wedding or a car repair. An overdraft gives you a limit you can draw from when needed, which is better when expenses come in stages. Pick the one that matches how you will actually use the money.
How much will the EMI be?
Here is what EMIs look like at an illustrative 10.99% a year. Your actual rate may be higher, especially once the limited-time offer ends.
| Loan amount | Tenure | Monthly EMI | Total interest |
|---|---|---|---|
| ₹2,00,000 | 2 years | ₹9,321 | ₹23,695 |
| ₹5,00,000 | 3 years | ₹16,367 | ₹89,212 |
| ₹10,00,000 | 5 years | ₹21,737 | ₹3,04,246 |
| ₹20,00,000 | 7 years | ₹34,234 | ₹8,75,686 |
A shorter tenure means higher EMIs but far less interest overall. Keep your total EMIs under about 40–50% of your take-home pay.
What can you use it for?
Tata Capital positions the loan for both planned and unexpected needs: weddings, home improvement, education, travel, medical bills or consolidating costlier debt. It is unsecured, so no collateral or guarantor is needed, and approval depends on your income, existing obligations and credit score.
Balance transfer
If you are paying a high rate on an existing personal loan, you can move the outstanding balance to Tata Capital. Compare the new rate, processing fee and your current lender’s foreclosure charges to make sure the switch actually saves money.
Eligibility
| Age | 21 to 58 years |
|---|---|
| Employment | Salaried only |
| Minimum income | ₹25,000 a month |
| Credit score | 725+ |
| New to credit? | Not allowed |
Documents you will need
- Identity: PAN card
- Address: Aadhaar, passport, driving licence or voter ID
- Income: bank statements and pay slips for the last 3 months
How to apply
- Tap Apply on Tata Capital site on this page. The application opens on MyEazyLoan’s website.
- Fill in your details in the same session using your Aadhaar-linked mobile number.
- Upload documents and complete video KYC from your current address.
- Review your offer, accept it and receive the funds in your bank account.
Before you sign
- Compare the offered rate with the starting rate; most borrowers get a rate based on their score, income and employer.
- Check the processing fee and any prepayment or foreclosure charges in the loan agreement.
- Keep total EMIs under about 40–50% of your take-home pay, including existing loans and card EMIs.
- Choose the shortest tenure you can comfortably afford to keep total interest down.
Who it suits
A good fit for salaried borrowers earning ₹25,000 or more with a 725+ score who want flexibility between a loan and an overdraft. Look elsewhere if you are self-employed, new to credit, or over 58.
