Get your dream personal loan,
tailored for you
from the bank that suits you best!
Top rated by 100+ clients
*terms & conditions apply
Eligibility for Personal Loan
Applicant’s personal loan eligibility criteria depends on various factors, including fixed monthly income, age, nature of employment, credit bureau score, professional experience, etc. For a quick Personal Loan from Tata Capital, you must fulfil the easy-to-meet eligibility criteria.
Applicants must be between
21 to 55 years of age.
Minimum monthly income
should be ₹25,000 & >
Applicants CIBIL score of
650 or higher is necessary.
The Personal Loan eligibility for Salaried individuals
🖼️ Photograph
- A recent passport-size photo
🆔 Identity Proof
- PAN Card
- Aadhaar Card
- Company ID
💼 Income Proof
To verify your financial eligibility:
Latest 3 Months’ Salary Slips
Last 6 Months’ Bank Statements
Form 16
Form 26AS
📍 Address Proof
If You Live in a Rented Home
Rent Agreement
Aadhaar Card
Bank Statement
- HR Letterhead
Gas Book
Mobile Bill
Passport
Voter ID
If You Own the House
Electricity Bill
Property Tax / Annual Maintenance Receipt
Aadhaar Card
Passport
Voter ID
Bank Statement
Gas Book
Mobile Bill
If Company Provides Your Accommodation
HR Letterhead
Aadhaar Card
Bank Statement
Gas Book
Mobile Bill
Passport
Voter ID
Address proof is optional for some banks, while mandatory for others, depending on internal policy. We’ll guide you as per your profile.
Documents Required
for Personal Loan
Prepare the following documents to ensure a smooth and hassle-free processing of your personal loan request:
How to Apply for Personal Loan ?
You can apply for a personal loan through both online and over the call modes.
Online
Visit our website, fill out the form, upload your documents, and get quick approval — anytime, anywhere.
Call or WhatsApp
Speak directly with our loan experts and apply without any hassle. We’ll guide you through every step.
Get just 9.99%
*Terms & Condition apply
Why Our ROI Stands Out !
Many lenders advertise low daily rates like 0.3% or 0.7%, but these add up to over 18–24% annually — far more than they seem. At IIFC Capital, we keep it clear with a transparent annual ROI of just 9.99%. No hidden charges, no tricky terms — just real savings.
Apply today and experience fair, honest lending that puts your financial well-being first.
Personal Loan EMI Calculator
Get 9.99% ROI, Just for you!
Interest Rates & Charges
Collection Charge
Charges will be ‘At Actuals’
Statement of Accounts
You will be charged only if you ask for a hard copy in case of a branch walk-in at Rs. 250 + GST. Downloading a statement of account on the portal is free of cost.
Loan Cancellation Charges
2% of the Loan Amount/ Facility amount OR Rs. 5750/- (whichever is higher)
Payment Instrument Swapping Charges
If you want to swap your eMandate or post-dated cheques from another account for EMI repayment purposes, you will be charged Rs. 550 + GST per instance.
Duplicate Repayment Schedule
For duplicate statements of the Repayment Schedule, charges are Rs. 550 + GST per instance
Duplicate NOC
Rs. 550 along with the GST.
Interest Rate %
9.99* onward
Default in Interest or Principal payments
3% per month on defaulted amount (Annualized Penal Charge of 36%)
Dishonour of Payment Disbursements or Cheques
Rs. 600 for every Cheque/Payment Instrument Dishonour
Mandate Rejection Service Charge
Tata Capital charges a nominal amount of Rs. 450 + GST
Processing Fees
Up to 4% of the loan amount + GST
Hybrid Term Loan Annual Maintenance Charges
0.25% of the reduced assigned limit OR Rs.1000/—(whichever is higher) shall be payable at the end of the 13th month.
FAQs on Personal Loan 💭
1. What is a personal loan?
A personal loan is an unsecured loan that can be used for various purposes like medical expenses, travel, education, or home renovation, without pledging any collateral.
2. Who can apply for a personal loan?
Any salaried or self-employed individual with a steady income and valid KYC documents can apply. Approval is based on credit history and income profile.
3. Is there a minimum salary requirement?
Yes, most lenders require a minimum monthly income of ₹15,000–₹25,000, depending on the city and loan amount.
4. Can I apply online?
Yes, you can easily apply online through our website or by speaking to our loan advisor over a phone call.
5. How much can I borrow?
Loan amounts typically range from ₹50,000 to ₹50 lakhs, depending on your eligibility and income.
6. What is the interest rate on a personal loan?
Interest rates start from 10.5% p.a. and may vary based on credit score, income level, loan tenure, and lender policies.
7. How long is the repayment tenure?
You can choose a flexible repayment period between 12 to 60 months.
8. How soon can I get the loan amount?
Loan disbursement usually happens within 24 to 48 hours after approval and document verification.
9. Is collateral required for a personal loan?
No, personal loans are unsecured, meaning you don’t have to pledge any asset or property.
10. Can I foreclose or prepay my personal loan?
Yes, you can. Some lenders allow free prepayment, while others may charge a nominal fee. Terms vary by lender.
