All You Need to Know About Personal Loans in IndiaPresented By Tata Capital

Reasons to get a Personal Loan

Education Home Renovation Marriage

Travel Abroad Gift for loved ones Existing Loan Repayment

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Things to Consider for a Personal LoanPenalty Charges: A

very heavy penalty that is charged on your loan

amount if you cant repay on time

Credit History: Check your credit score before applying for a Personal Loan to know if you can

get one

Hunt for the Best Deal: Try and consider

multiple lenders to get the best possible

interest rate

Need or Greed?: Apply for a personal loan only if you genuinely need

one

Interest Rates: Personal Loans attract a

very high interest rate because you need not

keep any asset as collateral

A personal loan is an unsecured

loan which is processed

quickly and helps you to meet your financial

requirements

Why Tata Capital’s Personal Loan?

Attractive Interest Rates

Quick- Disbursements

No-Charges-on-Pre-payment How to pre-pay

Online Tracking of Application

Minimum-Paperwork

Flexi-EMI-Options

Repayment-Options

No-Collateral-Required

Easy-Payment-Options

Can-be-used-for-any-purpose

Flexi EMI Options

You can start repaying your loan with a lower EMI and increase it gradually, year after year.

Who is it ideal for?Opt for this option if your EMI is eating into your monthly income.

You can start repaying your loan with a higher EMI and lower it, year after year.

Who is it ideal for?Opt for this option if you have a high disposable monthly income and wish to build and asset quickly

You can start repaying your loan with periodic lumpsum payments and lower your EMI considerably.

Who is it ideal for?Opt for this option if you are expecting a bonus or periodic increments on your regular income.

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Eligibility & Documentation For Self Employed

Parameters Self Employed Professionals Self Employed Individuals

Age 25-65 Years 25-65 Years

Business Continuity  Should be in the same Business & City for Minimum 3 Years Should be in the Business for Minimum 3 years &should also have a total work experience of 3 years

Minimum Income Rs 2,00,000 per year Rs 2,00,000 per year

Minimum Loan Amount Rs 75,000 Rs 75,000

Maximum Loan Amount Rs 15,00,000 Rs 15,00,000Tenure 12-48 Months 12-48 Months

Documents Required

• Identity Proof: Voters ID /Passport/Driving License • Identity Proof: Voters ID /Passport/Driving License

• Address Proof: Ration Card/Electricity Bill/Rental Agreement/Trade License/Sales Tax Certificate

• Address Proof: Ration Card/Electricity Bill/Rental Agreement/Trade License/Sales Tax Certificate

• Banks Statement for the last 6 months

• Banks Statement for the last 6 months• Latest Income Tax Return(ITR) along with the

computation of income

• Proof of Highest Professional Degree• Balance sheet(B/S) and Profit& Loss(P&L) for the last 2

years certified by a CA

•  Latest Income Tax Return(ITR) along with the computation of income• Proof of Continuation: Trade License/Sales Tax

Certificate/Establishment.

• Balance sheet(B/S) and Profit& Loss(P&L) for the last 2 years certified by a CA. • Certified copy of Partnership Deed, Memorandum of

Association(MOA), Article of Association(AOA) and Board Resolution

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Eligibility & DocumentationParameters Salaried

Segment

• MNC• Public Ltd.• Co/Large Pvt. Ltd.• State Govt. /Central Govt.• PSU

Age Between 21-58 Years

Job Continuity Should have a job and worked with the current employer for at least 1 year

Minimum Income Rs 20,000 per month

Minimum Loan Amount Rs 75,000

Maximum Loan Amount Rs 15,00,000

Tenure 12-60 Months

Documents Required

1) Identity Proof:

Voters ID /Passport/Driving License

2) Address Proof:

Ration Card/Electricity Bill/Rental

Agreement/ Passport.

3) Bank Statement for the last 3 Months

4) Latest Form 16

5) Most Recent Salary Slip or current dated Salary Certificate

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Services Charges on Personal Loanyour loan. Take a look at them:

Different Charges Amount*

PDC Charges Rs 850

Bouncing Charges Rs 450

Cancellation Charges 2% of loan amount of Rs 5,750 whichever is higher

Duplicate NOC Rs 550

Swapping Charges Rs 600

Foreclosure Charges 4.5% of the principle outstanding at the time of foreclosure + ST

Foreclosure Charges for Top Ups 2% on the future principle outstanding on the existing loan + ST

Duplicate Repayment Schedule Rs 550

Sec 138 and 25 Rs 3,400

Arbitration Filling Rs 4,000

Receiver Order District Court Rs 4,000

Receiver Order High Court Rs 13,500

Notice Rs 125

Legal Notice Rs 300

Execution of Award Rs 5,600

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How to Repay?

Repayment Options: ECS (Electronic Clearance System) by instructing your banker to deduct the

EMI (Equated Monthly Instalment) from the nominated Bank Account

Post-dated Cheques favouring Tata Capital Financial Services Limited

How to Pre Pay: Prepay the entire loan outstanding anytime after 180 days of availing the

same. 

Part pre-payment facility without any additional charges.

Part payment is only permissible after 6 months of loan disbursal without any fee

Maximum of 25% part payment is permissible within a year of taking the loan at zero charges

However for greater than 25% part payment, a 2% closure charge would be applicable on the extra amount

Mumbai

Tower A, 1101 Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013

Bhattad Tower, Opposite Kora Kendra Ground, Near McDonalds, Borivali (W), Mumbai – 400092 | Landmark: Near McDonalds

Bangalore

2nd  Floor, Prestige Corniche, No.62, Richmond Road, Bangalore – 560025

No.581, 80 Feet Road, 8th block, Koramangala, Bangalore - 560095Landmark: Near Koramangala Police Station

New Delhi

Ground Floor, 19-20, Central Market, West Punjabi Bagh, New Delhi - 110026Landmark: Near HDFC Bank

Ground Floor, Shop No. 22, PP Towers, Netaji Subhash Place, Pitampura, New Delhi - 110034Landmark: Below Pind Baluchi Restarurant at PP Towers

Kolkata

2/5/1, Hindustan Road, Kolkata - 700029Landmark: Near ICICI Bank, (Gariahat branch)

7/1A, Loudon Street, Kolkata - 700017Landmark: Near Shakespeare Sarani Police Station

Tata Capital Branch Near You:

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Tata Capital Contact Details

Write to us at customercare@tatacapital.com

Toll-free number 1800 209 6060

Website : http://tatacapital.com/

Registered Office : One Forbes, Dr. V.B. Gandhi Marg,Fort, Mumbai 400 001, India.Telephone: +91 22 6745 9000Fax: +91 22 6610 6722Corporate Identity Number: U65990MH1991PLC060670

Email: contactus@tatacapital.com

Thank You