Are there any restrictions on modifying my personal loan's EMI options while the loan is still in effect?

No, you cannot change your personal loan EMI option once your loan has been sanctioned your loan and disbursed to your account. However, you can make changes to the EMI before the application processing stage.

If I have a specific salary and financial status; can I choose a particular EMI option?

Yes, you can choose a particular EMI option depending upon-#1. How soon do you want to pay off the Personal Loan?#2. How much can you afford to pay in a month?

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Personal Loan EMI options

Name: Loans
Brand: Tata Capital
Rating: 4.4 (52161 reviews)

EMI Options

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EMI Options

What is Personal Loan EMI?

Personal Loan EMI or Equal Monthly Instalment is the amount that you need to pay every month for repaying your principal loan amount at the applicable rate of interest over the chosen loan tenure. It is the sum of the principal component and interest component.

The 2 How’s of deciding the right EMI

How soon do you want to pay off the Personal Loan?
How much can you afford to pay in a month?

How to choose the right Personal Loan EMI option?

To be able to make the right choice among personal loan EMI options – standard
EMI and flexi personal loan, you need to consider the following questions -

If you are financially able or are expecting a future salary hike, you should aim at paying off your personal loan EMI early – choose shorter loan tenure. This is because the longer the tenure, the more the personal loan interest that will be charged. By reducing the tenure, you can not only enjoy reduced interest amount but also be able to pay off your loan early. Flexi personal loan interest rates are usually lower than the standard option.

One of the most critical factors to consider while choosing an EMI option is your budget. Jot down all your monthly commitments and deduct them from your monthly income to deduce the residual income. Based on what is left over, you can decide whether the standard or flexi personal loan EMI option works best for you.

Which Personal Loan EMI Option is suitable for you?

Choosing the right EMI option is a critical decision that you’ll have to make while taking a Personal Loan. But, we’ve made it easy for you. Just choose from one of our available EMI options that cater to your needs, your timeline and your budget.

Standard EMI Plan

Standard EMI Plan allows you to pay the principal amount along with the interest consistently for your defined tenure.

Standard personal loan meaning-

EMI amount remains the same for the entire personal loan period
Standard plan

Ideal if you have a regular income

How much EMI do you need to pay?

Your Equated Monthly Instalment depends on the principal loan amount, the interest rate charged and the period for which the loan is taken.

You can choose your personal loan EMI amount that is comfortable for you by using the Personal Loan EMI calculator.

Your EMI amount will depend upon your chosen Principal Amount, the Loan Tenure, the Rate of Interest, and the repayment option you choose- standard or flexi personal loan EMI option. Using a personal loan EMI calculator, you can choose the EMI amount you are comfortable with.

EMI Calculator

Pre Payment Calculator

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What our customers say about us

I am impressed with the quality of service and timely response from the Tata Capital team.

SACHIN VASANT SHELKE

Personal Loan | 13 Jan, 2025

Everything went smooth and sweet. Thanks to Tata Capital for their support in financial services in India. Keep supporting civilians by helping them.

HOOGAR M M

Personal Loan | 09 Jan, 2025

Tata is the name every Indian trusts. Thank you for the prompt mail replies and telephonic help to foreclose my loan. The executive over the phone was very polite and helpful. - Arwa Magar

Arwa A Magar

Personal Loan | 08 Jan, 2025

I am satisfied with your services and I recommend my friend, if they need financial help, to go with Tata Capital.

MANISH KUMAR

Personal Loan | 19 Jan, 2025

Thanks for the service. It was quick, and I received immediate resolution to my query. Extremely happy with the Tata Capital loan service.

CHANDRA MOHAN MOHAN BANDLA

Personal Loan | 18 Jan, 2025

Tata Capital's service is very good. We recommend them for their fast loan process. Thank you.

RAJ KUMAR

Personal Loan | 17 Jan, 2025

Best financial sector. Good quality of Tata Capital: 1) Good service 2) Customer care response is very good 3) Loan process is quick. Totally a very good service. A lifetime memory. I will always remember their service. Very helpful to people. Thank you very much to the entire team.

VEENA S

Personal Loan | 16 Jan, 2025

It was a great experience with loans from Tata Capital. Their employee's behavior was very good. I am highly satisfied with their loan services.

DIPANKAR SARKAR

Personal Loan | 14 Jan, 2025

Tata Capital's services are very good, and their staff is courteous and reliable. Looking forward to a long-term relationship with Tata Capital.

ARIF KHAN

Personal Loan | 13 Jan, 2025

I am impressed with the quality of service and timely response from the Tata Capital team.

SACHIN VASANT SHELKE

Personal Loan | 13 Jan, 2025

Everything went smooth and sweet. Thanks to Tata Capital for their support in financial services in India. Keep supporting civilians by helping them.

HOOGAR M M

Personal Loan | 09 Jan, 2025

Tata is the name every Indian trusts. Thank you for the prompt mail replies and telephonic help to foreclose my loan. The executive over the phone was very polite and helpful. - Arwa Magar

Arwa A Magar

Personal Loan | 08 Jan, 2025

I am satisfied with your services and I recommend my friend, if they need financial help, to go with Tata Capital.

MANISH KUMAR

Personal Loan | 19 Jan, 2025

Thanks for the service. It was quick, and I received immediate resolution to my query. Extremely happy with the Tata Capital loan service.

CHANDRA MOHAN MOHAN BANDLA

Personal Loan | 18 Jan, 2025

Tata Capital's service is very good. We recommend them for their fast loan process. Thank you.

RAJ KUMAR

Personal Loan | 17 Jan, 2025

VEENA S

Personal Loan | 16 Jan, 2025

It was a great experience with loans from Tata Capital. Their employee's behavior was very good. I am highly satisfied with their loan services.

DIPANKAR SARKAR

Personal Loan | 14 Jan, 2025

Tata Capital's services are very good, and their staff is courteous and reliable. Looking forward to a long-term relationship with Tata Capital.

ARIF KHAN

Personal Loan | 13 Jan, 2025

I am impressed with the quality of service and timely response from the Tata Capital team.

SACHIN VASANT SHELKE

Personal Loan | 13 Jan, 2025

Everything went smooth and sweet. Thanks to Tata Capital for their support in financial services in India. Keep supporting civilians by helping them.

HOOGAR M M

Personal Loan | 09 Jan, 2025

Tata is the name every Indian trusts. Thank you for the prompt mail replies and telephonic help to foreclose my loan. The executive over the phone was very polite and helpful. - Arwa Magar

Arwa A Magar

Personal Loan | 08 Jan, 2025

Read All

FAQs on Personal Loan EMI options

#. Standard EMI plan

The standard EMI plan is ideal for individuals with a regular income. Under this plan, you make consistent payments of the principal amount along with the interest accrued for a fixed tenure. Throughout the entire personal loan tenure, the EMI amount remains the same.

Yes, if you are financially able or are expecting a future salary hike, you can opt for a higher EMI amount to pay off the loan early. You can use a personal loan EMI calculator to choose a tenure and EMI amount that best fits your needs. Plus, if you opt for higher EMIs, you can enjoy a lower interest rate.

The total interest paid on a personal loan can vary based on the EMI options you select. For instance, if you anticipate a salary increase in the future, you can choose a shorter loan tenure. This is because a longer tenure results in a higher interest rate for the loan. On the other hand, opting for a shorter tenure reduces the interest rate and allows you to repay the loan sooner.

In general, flexi personal loans offer lower interest rates than standard options. However, the choice of EMI option depends on your comfort level and specific needs. You can use a personal loan EMI calculator to determine the best EMI option for you. This tool helps you evaluate different scenarios and select the most suitable option based on factors such as your repayment capacity, financial goals, and the overall interest payable.

By carefully considering these factors and using the calculator, you can make an informed decision that aligns with your financial situation and requirements.

At Tata Capital, there are no specific eligibility criteria for different EMI options for personal loans. However, individuals can avail of a personal loan if they meet the following eligibility criteria:

#1. Age: The applicant must be between 21 to 58 years old.

#2. Monthly income requirement: The minimum monthly income should be at least Rs. 15,000.

#3. Job stability: The applicant must have been in the same job for the past six months.

#4. Work Experience Requirement: The applicant must have at least one year of work experience.

In addition to these requirements, a good credit score of 725 and above is preferred for the approval of personal loans.

The Standard EMI Plan involves consistent payments of both the principal amount and the interest throughout the defined tenure of the loan. Under this plan, the EMI amount remains the same for the entire personal loan period. This plan is suitable for individuals with a regular income who prefer a fixed repayment structure.

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Personal Loan EMI options

What is Personal Loan EMI?

How to choose the right Personal Loan EMI option?

How Soon Do You Want to Pay Off Personal Loan?

How Much EMI Can You Afford to Pay in a Month?

Which Personal Loan EMI Option is suitable for you?

Standard EMI Plan

How much EMI do you need to pay?

EMI Calculator

Pre Payment Calculator

More Personal Loan products for you

Personal Loan for government employees

Personal Loan for salaried employees

Personal Loan for women

What our customers say about us

MANISH KUMAR

CHANDRA MOHAN MOHAN BANDLA

RAJ KUMAR

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