What requirements must be met before applying for a personal loan?

Before applying for a personal loan, specific requirements need to be met for different lenders, like being within a fixed age range and having Indian citizenship or residency. For your personal loan application process with Tata Capital, you must meet the following requirements:#1 You must be at least 21 years old and not older than 58 while applying.#2 You must have a stable source of income, either as a salaried employee.#3 Salaried individuals must have a minimum monthly income of Rs. 15,000.#4 You currently must be in the same job for six months. Furthermore, you must have at least one year of experience.#5 Generally, a good credit score of around 725 or above is significant for loan approval, as it indicates your creditworthiness and repayment capacity.

Can I apply for a personal loan online through the Tata Capital website?

Tata Capital offers an online personal loan application process. Follow the steps given below to submit the loan application online.Visit our website.Fill out your mobile number and occupation type.Enter loan requirements.Fill in your personal details.Upload the required documents.That's it. Once your personal loan application and submitted documents are verified, the sanctioned loan amount will be disbursed into your account. The online personal loan application process streamlines the submission of essential details, documentation, and other required information.

How long does it take to approve an application for a personal loan?

The time to approve a personal loan application can vary depending on several factors. After submitting the loan application, lenders sanction it based on the applicant's profile, the details provided, confirmation processes, and the loan application complexity.With us at Tata Capital, once you submit your application and necessary documents, the approval process generally takes 72 hours. However, this period may vary depending on the totality of your application and the verification process.

Can I check the status of my personal loan application online?

By visiting Tata Capital's website, you can track the status of your personal loan application. You can use either of the methods given below:#1. Mobile number: You can use the mobile number you provided with your loan application to track the status of your application online.#2. PAN: You provided Tata Capital with your PAN number during the loan application process. You can use this for online application tracking as well.Additionally, you can contact your sales representative for more details. If there is any issue, please call us at 1860-267-6060 or e-mail us at contactus@tatacapital.com or click here to visit any of the nearest Tata Capital branches.

What documents must I include with my personal loan application?

Here's the list of documents applicants must submit as part of Tata Capital’s personal loan application process:#1 Application form: Duly-filled complete application form with your recent photograph.#2 Identity proof: Besides the self-attested copy of your PAN Card, you must submit a copy of your Voter ID, Aadhaar Card, Passport, or Driving License.#3 Address proof: A copy of your electricity bill, Ration Card, or Passport.#4 Income proof: A copy of your last three months' salary payslips and bank statements if you are a salaried individual. And if you are self-employed, a copy of your savings and current account statements for the past year and Income Tax Returns filed for the preceding year are needed.#5 Employment proof: A copy of your Employment Certificate declaring one year of continuous employment if you are a salaried individual.

Can I apply for a personal loan if I already have one or have debt that needs to be paid off?

Even if you have an existing loan, you can still initiate a personal loan application process with Tata Capital. But you must remember that factors like existing debt, debt-to-income ratio, assets and liabilities, and credit score can affect your eligibility and loan amount.We assess your repayment capacity before approving loans, so ensure you can manage the additional debt before applying.

Does the application for a personal loan require a processing fee?

A personal loan application includes a processing fee. It covers the administrative costs associated with loan processing.A processing fee of up to 4% of the loan amount and required document charges for a personal loan application process are applicable with Tata Capital. At the time of the disbursement of the loan, the fee is deducted from the loan amount. The personal loan processing fee is a one-time, non-refundable fee regardless of whether or not your loan is approved.

What happens if my application for a personal loan is denied?

If your loan application has been rejected, there might be several reasons behind it. Some common causes include a low credit score, high existing debt, insufficient documentation, failure to meet the eligibility criteria, insufficient income, or unstable employment.In such cases, the best option would be to apply for a secured loan (in case of emergency), work on improving these factors or ask for a lower amount and re-inititiate the personal loan application process.

How secure is the personal loan application process on the Tata Capital website?

The online personal loan application process on the Tata Capital website is secure. Our website equips strong security measures for all personal and financial information submitted online. These measures include data encryption protocols and secure data transmission.Also, we prioritise the confidentiality of consumer information and have implemented strict data privacy regulations to ensure that your confidential data is not shared with unauthorised third parties.

Personal Loan Application Process

Home
Personal Loan
Application Process

Application Process

Apply Now

Overview Required Documents Application Process Rates & Charges

Calculators

EMI Options

Personal Loan Application Process

When financial emergencies knock at your door, turn to your trusted partner- Tata Capital. Our customized personal loans help you fund all big-ticket expenses in no time. Whether you want to take care of a family medical emergency,engage in a home improvement project,or apply for an educational course, everything is possible with Tata Capital's flexible and tailored Personal Loan. Apply today to finance all your requirements conveniently with our attractive interest rates and easy-to-meet eligibility criteria.

Need a personal loan for education quickly? No worries! We understand your time is precious and you need quick funds before the deadline. That's why our Personal Loan Application Process is entirely online and requires minimal paperwork. This means you don't even need to visit a physical branch. With Tata Capital, you can easily apply for a personal loan for Personal Loan for Education online. Read on to understand how to apply for a loan online.

Wondering how to apply for a Personal Loan? We've got you covered. With personal loan apply online feature, you can apply for a quick loan without even stepping out of your house.

Apply Now

Don't know how to apply for a loan online? Don't worry. Just follow the simple steps given below to apply for Personal Loan online within minutes. Our personal loan for education how to apply process is very easy.

Check Eligibility

How to apply for a Personal Loan

Ready to get a personal loan? Apply with Tata Capital using any of the following methods:

Online application

Want to know how to get a personal loan online? Use the personal loan apply online feature on our website and get it approved almost instantly

Apply Now

Call us

You can call and talk to one of our customer care executives on our toll-free number – 1860 267 6060 about all your queries about personal loan- how to apply, eligibility, etc.

Request a call back

Meet us physically

Don't know how to apply for a Personal Loan online? You can physically visit any of our nearby branches and talk to our Tata Capital representatives for all your queries.

Locate a Branch

Virtual assistant

Our smart virtual assistant ‘TIA’ is at your service 24/7 for all your queries about personal loan. How to apply, interest rates, you ask, and she'll answer!

How are Personal Loan Applications processed?

The process of sanctioning a personal loan is straightforward as it is a collateral-free loan with minimal documentation requirements. Once you have applied along with the necessary documents, here’s how it is processed-

1. Once the lender receives your personal loan application, they will verify and confirm your personal details and address through your KYC documents.

2. They will also verify your banking and income details such as salary deposits made into the account, salary payslips, or income tax returns to determine your repayment capacity.

3. The lender might also consider your credit score to ascertain your creditworthiness

4. Finally, the lender will consider your age, number of years of employment left, etc., to determine the loan amount it can offer along with the repayment period.

If all documents are in order and you are eligible for the loan, the lender will approve your personal loan application.

FAQs on Personal Loan application process

More Personal Loan products for you

Personal Loan for government employees

If you are a government employees looking for a way out of a cash crunch, let Tata Capital ease your financial pains! Get an instant personal loan within a few minutes.

Apply Now

Personal Loan for salaried employees

If you are a salaried employees looking for a way out of a cash crunch, let Tata Capital ease your financial pains! Get an instant personal loan within a few minutes.

Apply Now

Personal Loan for women

If you are a women looking for a way out of a cash crunch, let Tata Capital ease your financial pains! Get an instant personal loan within a few minutes.

Apply Now

What our customers say about us

Thank you for taking the time to explain everything clearly. The communication was polite, professional, and easy to understand. I truly appreciate your support and hope for a positive resolution to my request. Keep up the great work!

AVINASH KUMAR SHARMA

Personal Loan | 09 Apr, 2025

Experience is very good with your financial institution. If needed, I will take services in the near future.

DEEPAK KUMAR

Personal Loan | 25 May, 2025

Excellent support and very clear clarification for the part payment process. Keep it up!

S SURESHPERIASAMY

Personal Loan | 14 May, 2025

Explained clearly and helped me to understand the reason. Knowledgeable on Tata Capital policies and very articulate. Thank you, Tata Capital team.

SUBHADEEP LAL BHATTACHARYA

Personal Loan | 07 May, 2025

Thank you for the excellent service! I truly appreciated the professionalism, attention to detail, and prompt response. It made a big difference and ensured a smooth experience. Keep up the great work!

DINESH KARTHIK LABALA

Personal Loan | 06 May, 2025

Customer service is most friendly and comfortable, and he also helped me with my financial situation.

MANIKANDAN M

Personal Loan | 02 May, 2025

AVINASH KUMAR SHARMA

Personal Loan | 09 Apr, 2025

Experience is very good with your financial institution. If needed, I will take services in the near future.

DEEPAK KUMAR

Personal Loan | 25 May, 2025

Explained clearly and helped me to understand the reason. Knowledgeable on Tata Capital policies and very articulate. Thank you, Tata Capital team.

SUBHADEEP LAL BHATTACHARYA

Personal Loan | 07 May, 2025

DINESH KARTHIK LABALA

Personal Loan | 06 May, 2025

Customer service is most friendly and comfortable, and he also helped me with my financial situation.

MANIKANDAN M

Personal Loan | 02 May, 2025

AVINASH KUMAR SHARMA

Personal Loan | 09 Apr, 2025

Read All

Find the right Loan for you

Personal Loan Hybrid Term Loan

Need instant cash for those unexpected needs? Tata Capital offers Personal Loan Hybrid Term Loan facility with the flexibility to withdraw funds as per your need and pay interest only on the utilized amount.

Avail multiple withdrawals and part-payment facilities without any extra charges.

Know More

Personal Loan for Wedding

A marriage today comes with its fair share of frills, thrills and not to mention - Bills.

An equal lifetime as partners, with highs and lows, joys and woes for better or worse, must begin with taking equal financial responsibility for your wedding too

Know More

Personal Loan for Medical

In times of emergency, getting funds should be a hassle free experience. That’s how we have designed our Medical Loan - a loan that is easy, fast and convenient.

We provide flexible repayment options for all cosmetic, medical and dental procedures.

Know More

Personal Loan for Travel

Want to fund your vacation but falling short on funds? An EMI based loan can be an ideal way to pay for a holiday that you can’t quite cover in one go.

Tata Capital Personal Loan for Travel is how you can make it happen. Head off on your next adventure.

Know More

Personal Loan for Home Renovation

Thinking of revamping your home? A home that reflects your personality, your style and your taste. We help you do just that with our Personal Loan for Home Renovation.

From making extensive upgrades to your interiors to finally addressing your basic repair and maintenance needs, we are the answer to your home needs. You deserve a better home. We’re here to help you.

Know More