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Tata Capital Personal Loan Eligibility

Tata Capital Personal Loan Eligibility Calculator is a wonderful financial tool which calculates your Tata Capital Personal Loan Eligibility when you go for Tata Capital Personal Loan apply online. With the help of Tata Capital Personal Loan Eligibility Calculator, you get to know your personal loan eligibility in tata capital so, your chances of personal loan, rejection is almost zero. For Tata Capital Personal Loan Eligibility calculator, you need to enter details like- your current residing city, date of birth, monthly income and expenses in every month. Using this information, Tata Capital Personal Loan Eligibility Calculator calculates personal loan eligibility in Tata Capital.

How to compute Tata Capital Personal Loan Eligibility?

Using Tata Capital Personal Loan Eligibility Calculator for Tata Capital Personal Loan Eligibility check not only shows your personal loan eligibility in Tata Capital but also calculates the eligibility in just a few seconds. To have a high Personal Loan Eligibility in Tata Capital, you must have job security with higher repaying capacity.

To compute Personal Loan Eligibility in Tata Capital, when you opt for Tata Capital Personal Loan apply online through Tata Capital Personal Loan Eligibility Calculator, 2 simple methods of are used which are given below-

  • Multiplier Method

    For Tata Capital Personal Loan Eligibility check using this method, the bank applies a multiplier which is based on your net salary and the company profile.

    Tata Capital Personal Loan Eligibility= Net take home salary*multiplier of 9 to 22

    Tata Capital Personal Loan Eligibility will be higher if the multiplier is higher. With higher company profile and a higher salary, the multiplier will be higher and in turn Personal Loan Eligibility in Tata Capital will also be high

  • FOIR

    Fixed Obligation Income Ratio commonly called FOIR. Following this process, Tata Capital Personal Loan Eligibility is calculated based on your existing liabilities like- EMI payments of loans or credit card bill payments.

    FOIR= (Sum of fixed obligations/Net take home salary)*100

    Your fixed liability must not be more than 50% of your net income and 75% for higher earning customers.

Which factors affect Tata Capital Personal Loan Eligibility Calculator?

Using Tata Capital Personal Loan Eligibility Calculator for Tata Capital Personal Loan apply online, you must know that Tata Capital Personal Loan is an unsecured loan which does not take any security as collateral to get the loan. So, Tata Capital Personal Loan Eligibility criteria are high. To satisfy Tata Capital Personal Loan Eligibility, you need to use Tata Capital Personal Loan Eligibility Calculator.
Following factors affect Tata Capital Personal Loan Eligibility Calculator-

  • Age

    The applicant’s age is an important factor which affects Tata Capital Personal Loan Eligibility. Your age limit must be within 25 and 58 years. The younger you opt for Tata Capital Personal Loan Eligibility, the higher will be Tata Capital Personal Loan Eligibility.

  • Existing Liability

    Tata Capital Personal Loan Eligibility will be really low if you have existing liabilities like- EMI payments or credit card bills. So, to have a higher Tata Capital Personal Loan Eligibility, you must pay all your debts before you opt for Tata Capital Personal Loan apply online.

  • Residential Address

    Tata Capital Personal Loan Eligibility will be high if you reside in your own house instead of rented flat or apartment. Own house contributes to the trust factor and helps in increasing Tata Capital Personal Loan Eligibility. But staying in a rented house lowers down Tata Capital Personal Loan Eligibility.

  • Employment

    Job security will increase Tata Capital Personal Loan Eligibility in a positive manner. In the case of self-employed individuals, minimum 5 years of work experience is required to have a high Tata Capital Personal Loan Eligibility. For salaried employees, a reputed company under CAT A list for at least 1 year will increase Tata Capital Personal Loan Eligibility.

  • Credit Score

    It is one of the important factors which affects Tata Capital Personal Loan Eligibility. Tata Capital Personal Loan Eligibility Cibil Score is simply your repaying capacity or creditworthiness. When you opt for Tata Capital Personal Loan apply online, a higher credit score will lead to high Tata Capital Personal Loan Eligibility.

  • Location

    Geographical location also affects Tata Capital Personal Loan Eligibility. Residing in any metropolitan city or in the urban area, Tata Capital Personal Loan Eligibility will be really high. While residing in any rural area will lower down Tata Capital Personal Loan Eligibility criteria.

Tata Capital Personal Loan Eligibility Criteria

Eligibility Criteria Salaried Individual
Age 22-58 years
Minimum Salary Rs. 15,000
Current Residence 2 years
Profession Employed in MNCs, public or private sector
Job Experience Minimum 1 year
CIBIL Score 750 or above
Eligibility Criteria Self-employed Individual
Age 25-65
Business Tenure At least 5 years
Minimum Income Rs. 4.8lakh/ year


*Interest rate and Loan approval are subjected to band discretion and approval.

Frequently Asked Questions

FOIR is the abbreviated form of Fixed Obligation Income Ratio.
Following eligibility criteria must be satisfied for Tata Capital Personal Loan apply online-
  • Applicant must be salaried or self-employed.
  • The age should range from 22 to 58 years.
  • Net monthly income should be at least Rs. 15,000.
  • Applicant must have a minimum of six months of experience in the current organization.
  • otal work experience must be a minimum of two years.
  • CIBIL Score must be 750 or above.
Tata Capital Personal Loan Eligibility Calculator adopts 2 methods to calculate personal loan eligibility namely- Multiplier Method and FOIR.
You can repay the personal loan within a maximum period of 5 years.
For Tata Capital Personal Loan Eligibility, your minimum credit score must be 750 or above.

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