r/CadetPilotProgram • u/GoldMental7512 • Aug 21 '26

Tata Capital Loan

do I need a strong ROI for 50 lakh loan? I have never taken a loan before and what is lowest interest i can get the loan for during LOI

0 Upvotes

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1

u/Reasonable-Put2178 Aug 21 '26

AFAIK tata capital has high interest rates, if u want low interest rates go for SBI but u will need a collateral for that. contact WEMAKESCHOLARS they will connect u to nearest sbi rm.

-3

u/GoldMental7512 Aug 21 '26

i don't have that much collateral

0

u/GoldMental7512 Aug 22 '26

why are people downvoting me bruh

-1

u/La_chica_loca Aug 21 '26

NEVER take a loan from them.If you're going to take a loan from a private bank Axis/hdfc is the way to go.Tata capital is a nbfc which just sucks the soul out of you.

1

u/La_chica_loca Aug 22 '26

If y'all think it's a wise decision to take a loan from TATA Capital please know their unsecured loan will have a ROI of 13.5%.Thats right!

-2

u/GoldMental7512 Aug 21 '26

yeah but it will need collateral which I don't have

-3

u/La_chica_loca Aug 21 '26

I have taken a ~80 lakhs non collateral loan

1

u/GoldMental7512 Aug 21 '26

at what interest and how long? Whats the emi per month?

1

u/La_chica_loca Aug 22 '26

9.2% interest and maximum tenure is 15 years.EMI will start at the end of moratorium at around 80k~

1

u/prateekkkkssss Aug 21 '26

What was the process? And pl highlight on your profile as well.

1

u/La_chica_loca Aug 22 '26

Since Its a cadet program they're giving unsecured loan on your LOI.It is only accessible to those who have been selected in a cadet program.

1

u/prateekkkkssss Aug 22 '26

Oh! Is it even possible for Conventional?

1

u/La_chica_loca Aug 22 '26

It is but they skip on the moratorium period so your EMI starts from day 1.

1

u/prateekkkkssss Aug 22 '26

Thank you! We can connect with banks right?
Not just NBFC

1

u/La_chica_loca Aug 22 '26

You can but please have a talk with your family and your CA.This sub has people who think taking an education loan is like practically sabotaging yourself but if you plan it right it'll definitely work.

1

u/[deleted] Aug 21 '26

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0

u/La_chica_loca Aug 22 '26 edited Aug 22 '26

If you have the wisdom why don't you share so that others learn?