What is the Interest Rate of Tata Capital Personal Loan?

The TATA Capital offers competitive interest rates for personal loans and levies nominal loan charges, including processing fees. The Tata Capital personal loan interest rates range from 11.99% to 29.99% per annum. The final interest rate depends on several factors, such as the applicant's credit score, income, loan amount, and tenure.

Usually, 2 methods are used to calculate the interest rate of TATA Capital personal loan: flat rate and reducing balance method.

Tata Capital provides personal loans up to Rs. 35 lakhs with flexible repayment tenure ranging from 12 months to 72 months​. The processing fee is up to 4% of the loan and GST.

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Mayank has correctly mentioned the Tata Capital personal loan interest rate. It is between 10.99% and 34.99%. The repayment period is from 6 months to 84 months. I availed of a personal loan from Tata Capital just last year; hence, I am well aware of its loan features. Let me share all the details I know next.

What is the Tata Personal Loan Interest Rate?

The Tata personal loan interest rate is between 10.99% and 34.99%. Some other aspects you must know before availing a personal loan here are:

There are certain factors that affect the interest rate, and they are:

• How much loan amount do you want

• Tenure of the loan

• Your income

• Credit score and others

Thus it's better that you visit the bank or visit their official website to know what the interest rate will be for you.

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I enquired about Tata Capital personal loan interest rate from a friend of mine who works in Tata Capital. He told me that the

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I was a little confused about the range because I knew that the bracket was too big. But then my friend told me the factors that determined the exact rate of interest. Let me start by telling you the factors first.

1. CIBIL score:

   He said that if I have a good CIBIL score I can get a lower interest rate personal loan. This is because our CIBIL score depicts our loan repayment capacity.

2. Repayment history:

   If we have a clean credit history without any EMI defaults, then it means we have a good repayment history. In this case, too, we can get a lower interest rate.

3. Income:

   My friend pointed out that our salary is a major deciding factor for the rate of interest on a loan. A stable and high-income bracket is bound to get a better Tata personal loan interest rate.

4. Debt-to-income ratio:

   Another important factor is debt-to-income ratio. If we have multiple loans and credit card bills, and the amount of debt is a significant portion of our salary, then the interest rate might be impacted due to this.

Tata Capital Interest Rate on Personal Loan

My friend also made it clear to me that apart from the interest rate, Tata Capital, like many financial institutions, also charges a processing fee which is non-refundable. It is charged in order to process our personal loan. This processing fee can range up to 3.5% of the loan amount + GST.