About Pune
What can you say about Pune? It is among the fastest growing cities in India. It is the ‘Oxford of the East’ because it is home to reputed educational institutes. It attracts youngsters by the hordes to pursue their education and post-education to stay on there to take up employment. The city offers a tremendous choice for youngsters to indulge in various activities that include culture, travel, history, entertainment, adventure and trekking in the nearby Western Ghats. Another major attraction is the city’s proximity to Mumbai – the commercial capital of India and the headquarters of Bollywood.
In such a city it is but natural that youngsters such as you would fall prey to the charms of the city and want to indulge in your fancies. As a youngster, you are impatient and don’t want to wait to accumulate a corpus to spend later. If there is an opportunity, you would jump at an offer of personal loans from an NBFC such as Tata Capital. But, before you jump right in we would caution you to read the steps we have detailed below before you approach the lender for a personal loan. 
The first thing you must do is to assess your requirement of the loan, why you require it, how much and whether you have the resources to pay it back along with the interest that will apply.Before you choose a lender to evaluate the various terms and conditions under which they extend the loan. Usually, terms and conditions are similar but with some differences which you may want to examine more carefully.
Choose Lender
Suppose you have chosen Tata Capital as your lender, then you would have seen its website and checked out the features of the personal loan. You can check out the particulars from the personal loan section of the website which details the procedure. You can check for your eligibility, personal loan interest rates, minimum and maximum amount of loan you can avail, tenure and repayment options. It also gives you the personal loan documents required.
You can make several iterations by using the various calculators available on the website and change the parameters of the loan – loan amount, personal loan interest rate and tenure. When you do this you will get to know the EMIs you have to pay for each set of parameters. From these iterations, you can come to a decision as to the amount of loan you want to avail and for how long.
Eligibility
Earlier, we mentioned eligibility conditions and in this regard, you can apply for a personal loan if you can satisfy the following conditions:
Salaried employee
- Age between 21-58 years
- Salaried with two years of experience with a minimum of 6 months continuous service in the latest job earning a minimum salary of Rs 20,000 per month
- Eligible for a maximum loan amount of Rs 15 lakh
- Tenure between 12 and 72 months
Self-employed businessperson
- Age between 21-58 years
- A self-employed businessperson with running a profitable business for at least 3 years
- Eligible for a maximum loan amount of Rs 15 lakh
- Tenure between 12 and 48 months
Self-employed professional
- Age between 21-58 years
- Self-employed professional with running a profitable business for at least 3 years
- Eligible for a maximum loan amount of Rs 20 lakh
- Tenure between 12 and 48 months
Besides the eligibility conditions, Tata Capital will look at your other credentials such as credit score, income and past and current loans with other lenders.
Personal loan documents
It would also need verifiable personal loan documents that include
- Identity proof – voters ID, passport, D/L, Aadhaar, PAN
- Address proof – passport, D/L, Aadhaar, ration card, electricity bill
- Bank statement – 3 months or 6 months as the case may be
- Relevant ITRs
- Financial statements – salary slip, audited balance sheet and P/L statement as the case may be
From the foregoing, you can see that if you have the necessary personal loan documents, you can click on the ‘apply now’ button on the website and fill in the particulars required. For your convenience, Tata Capital operates 6 offices at various locations in the city. You can choose the location and a Tata Capital representative will contact you.
You must also remember that you can negotiate the terms for personal loans if your creditworthiness is high (high credit score). In fact, you can negotiate for the lowest possible personal loan interest rates if you can prove your high creditworthiness. One note of caution though is the fact that you should not ignore the other charges besides personal loan interest rates. These charges include processing fees, penalties for late payments and check bounces and other charges related to the repayment as per the agreed terms and conditions.
Thus, if you are in Pune and quickly need some funds there is nothing better than approaching Tata Capital for a personal loan at any of the 6 branches in Pune.
