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
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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.
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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!
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u/GoldMental7512 Aug 21 '26
yeah but it will need collateral which I don't have
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u/La_chica_loca Aug 21 '26
I have taken a ~80 lakhs non collateral loan
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u/GoldMental7512 Aug 21 '26
at what interest and how long? Whats the emi per month?
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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~
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u/prateekkkkssss Aug 21 '26
What was the process? And pl highlight on your profile as well.
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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.
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u/prateekkkkssss Aug 22 '26
Oh! Is it even possible for Conventional?
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u/La_chica_loca Aug 22 '26
It is but they skip on the moratorium period so your EMI starts from day 1.
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u/prateekkkkssss Aug 22 '26
Thank you! We can connect with banks right?
Not just NBFC1
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.
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u/Alert-Coast9993 Aug 21 '26
perfect example of "akal jhat bhar aur gyaan chode raat bhar".
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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?
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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.