TATA CAPITAL FINANCIAL SERVICES LIMITED

SOURCING NORMS: PERSONAL LOANS

• Sourcing is allowed from employees working in Tata Group companies, Super Cat A,
Cat A, Cat B, Cat C and Government organizations and unlisted companies

• Minimum loan amount – Rs. 75,000 and for OD – Rs 2 lakhs

• Maximum loan amount – Rs. 35 lakhs for Tata Group, Super Cat A and Cat A employer
segment, Rs. 25 lakhs for Cat B & CAT C, Rs. 10 lakhs for other unlisted companies

• For customers with CIBIL score 0/-1:

- For TGE, loan amount to be restricted to Rs.7.5 Lakhs
- For other employer category, amount to be restricted to Rs.5 Lakhs

MAXIMUM LOAN TENURE:

• As per existing policy norms Tata Group / Super Cat A / Cat A/Cat B – up to 72 months
Cat C – up to 60 months, other unapproved – 36 months
• Special max loan tenure for OD customers:
Tata Group / Super Cat A / Cat A / Cat B – 84 months (2 year fixed & 5-year
dropline) and for Cat C – 60 months (1 year fixed and 4-year dropline)

MINIMUM INCOME NORMS:

• Tata Group Employee Rs 15,000

• Super Cat A and Cat A Rs 20,000
• Cat B & Cat C – Rs 25,000, other unapproved – Rs 40,000
• FOR OD Customers – Rs 35,000 for Top markets, Rs 30,000 for Non-Top markets
• Govt Employees with Salary >Rs 50,000 to be treated as per Super Cat A norms
• Latest month salary credit to be validated in all cases.
• In case salary slips are not available for recent months, then case to be considered if
salary credit narration mentions company name / Form 16 validation / Appointment
letter / Form 26AS is available
• Max 4 BTs allowed (including Credit card BT) (any deviation to be approved by RCM)
AGE CRITERIA

• Min. age – 21 years

• Max age – 58 years or retirement age- whichever is later at the last EMI

DOCUMENTS REQUIRED

• KYC Document (ID and Address proof)

• Income Proof – 2-month salary slip/ 3 Months bank statement with salary credits
• App form, Agreement, Photograph, Age proof document, MID (duly signed
terms & conditions)
• For BT cases – Loan account statement or loan repayment schedule with 3
months bankstatement from which loan has been repaid
• Wherever applicable – proof of total employment & proof of ownership

FI NORMS
• For Loan amount > Rs.5L, Official mail ID validation is mandatory (excl. govt
employees where official email IDs are not given, in such cases copy of
Employer ID card shall be documented)
• Govt employee: ID card, latest one-month salary slip and two-month bank statement

INDUSTRY NORMS

• Applicant working in a negative industry (Salaried or Self-employed) will not be funded

except in case of Government / Tata Group
nd
• Cautious Approach on business/employers effected severely by Covid 2 wave. Credit
team to check the impact and if business/employment is under affected sectors or
severely affected due to Covid situation, case would be declined

Please note:
• Credit Card obligation can be ignored if -
- Overall Credit Card outstanding is less than 60% of the monthly salary or
- Payment proof of outstanding amount is available
• Above max tenure is indicative, and changes based on customer’s loan amount,
income, and company category.
• Credit Life Insurance to be mandatorily taken for all loan amounts.
 POLICY GUIDELINES (PL – Salaried Program)
Product Super Cat A &
Cat A Cat B Cat C
Parameter TGE
Max tenure 60 months 48 Months
Minimum
Min 6 months stability in current residence
Residence Stability
Min Income TGE – Rs 15,000
Rs 25,000
(Net Salary) Super Cat A & Cat A – Rs 20,000
Current
Employment Minimum 12 months
Stability
(i) Min total employment stability of 2 years (mandatory)
Total Employment (ii) When applicant’s age is >= 26 years and
Stability current employment stability of one year is met,
documented proof of 2 years stability is not required
Max Loan amount Rs 35 lakhs Rs 25 lakhs

LOW INCOME PROGRAM (Emerging locations & Select Cities)

Parameter Norms
All cities except Tier-I cities for Low Income Program
Target Locations Tier-I cities: Mumbai, Delhi NCR, Bangalore, Hyderabad,
Chennai, Kolkata, Jaipur, Pune, Chandigarh &
Minimum Net Salary (i) Rs 15,000 for Super Cat A and Cat A
(ii) Rs 20,000 for Cat B and Cat C
Minimum Loan amount Rs 75,000
Rs 3 Lakhs
Max loan amount to be restricted to Rs 2 Lakhs for:
Maximum Loan Amount
(i) Salary is Rs 15,000 to Rs 20,000 for Super Cat A and Cat A
(ii) Salary is Rs 20,000 to Rs 25,000 for Cat B and Cat C
Minimum Current
12 months
Employment Stability
Total Employment
2 years
Stability

EXTENDED TENURE SCHEME (PERSONAL LOANS)

Parameters Proposed Norms

Applicability Applicable for all employer categories except Uncategorized
Min Loan Amount Rs 2 Lakhs
Max Loan Amount Rs 25 Lakhs
Min Net Salary Rs 30,000
For Cat C - 60 months
Maximum Tenure
All other categories (except uncategorized) - 72 months
Total Employment TGE and Super Cat A - 3 years
stability Cat A, Cat B and Cat C - 4 years
USP
• Multiple products with Both Term Loan & OD facility
• Special tenure for 84 months under OD & 72 months for Term Loan
• Complete end to end online disbursement journey with digital KYC, mandate , and e-
agreement
• Presence in more than 100 locations
• Part Payment Facility available (after minimum seasoning of 12 months)
• No charges to apply on part prepayment
• On the Fly pre-approved offers available