Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT
Loans For You
Loans for Business
Investment
Insurance
Apply

Quick Links for loans

Quick Links for Insurance

Investment

Offers Quick Pay
Back

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure
Know More
Back

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required
Know More
Back

New Commercial Vehicle Financing

  • First time user
  • Retail and strategic Clients
Know More
Back

Used Commercial Vehicle finance

  • Repurchase
  • Refinance
  • Top up
  • Balance Transfer
Know More
Menu  
 
Apply Now

Tata Capital > Blog > Think a personal loan is just for a crisis? Think again!

Personal Use Loan

Think a personal loan is just for a crisis? Think again!

Think a personal loan is just for a crisis? Think again!

The term ‘personal loan’ is often (and incorrectly) associated with financial crisis. Of course, it is true that a personal loan can help you out when you have an urgent need for funds, but it also can be quite beneficial in different everyday situations that can change your life.

Know More About Personal Loan

Whether it is giving your child the best education opportunity or getting medical aid for you or your family or fulfilling your desire to travel, a personal loan can be your best friend.

Here are five situations in which personal loans can and should be used.

A dream wedding

Weddings are a one-time affair, and we want to make the absolute most of them. Most Indian weddings are spread over a few days and can cost some serious money. You may account and save for the significant expenses but might miss out on accounting for the smaller ones. In such situations, you can avail a personal loan to pay for all these expenses. This way you can have a stress-free wedding and focus on your happy day instead of the finances.

A loan is calculated depending on the borrower’s income and capacity to repay it. So long as you fulfil specific criteria, it is possible to avail loans up to Rs. 25 lakhs. However, it is prudent that you don’t go overboard while spending for a wedding. Spend how much you can afford to repay comfortably. Don’t let the EMIs become a burden when you are starting your new life.

Pursue your wanderlust

In today’s Instagram-filled world, millennials are being bitten by the travel bug! If a life-altering European holiday or a fun family vacation to Disneyland has been on your bucket list, you can check the box with the help of a personal loan. Non-Banking Financial Companies (NFBCs) such as Tata Capital has made travelling to your dream destination smoothly. How, you ask? It offers interest-free loans for up to INR 15 lakh! Now nothing should stop you from writing your travel diaries!

There is no need for security or guarantor for Tata Capital’s travel loan. All you have to do is repay the loan in eight EMIs. Adding a co-applicant can increase your loan eligibility. You can take this loan for domestic or international travel.

Furthering your career with relevant courses

Regardless of how well your job is going, there is always something new you can learn or do to boost your set of skills. Very often, to do this, you might have to enrol in a specialised course that could cost a lot of money. If you haven’t saved up for this or don’t have the funds to make it happen, you can always turn to a personal loan. This loan can be disbursed to you immediately and can be used for a variety of purposes. Using it to further your career eventually means establishing better financial stability.

Health comes first

Medical assistance should not be delayed for any reason. You can avail a personal loan for contingency situations related to health or urgent medical needs. Whether it is a surgical procedure, therapy, or other health concerns, a personal loan can be your saviour. The best part is that you can use it for all kinds of expenses – hospitalisation bills, prescription bills, operation, post-surgery care, etc.

Setting up a beautiful home

Home is where the heart is and having a beautiful home is a life goal for many. Whether you want to give your home a makeover this Diwali or want to set up a new work-from-home station, a personal loan can be your answer. You can also get a loan to buy modern amenities such as a high definition TV, refrigerator, etc.

You are eligible for such a loan if you are a salaried person with a minimum salary of INR 20,000 or self-employed with a minimum income of INR 2 lakh per annum. Tata Capital offers interest rates as low as 11.49% for personal loans.

There is no doubting that a personal loan is a great tool to help you carry out all kinds of financial responsibilities. It is a long-term commitment that should be taken seriously. Gauge your ability to repay the loan easily and ensure you never miss a payment for a smooth experience.

Apply for Personal Loan

Get an Instant Personal Loan for all your needs !

Apply now
Popular Searches
loan without cibil personal loan for 15000 salary Loan for ring small cash loan on aadhar card pre approved personal loan What To Buy On Dhanteras Personal loan when self employed how to increase cibil score form 15g for pf withdrawal how to download aadhar card
Disclaimer

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools
Our Subsidiaries
Our Other Websites

Useful Links and Resources

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Policies, Codes & Other Documents

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Tata Capital Solutions & Services

Uh oh, something went wrong

Please try again later.