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What Is a Hybrid Term Loan from Tata Capital?
A Hybrid Term Loan is a new-age personal loan that functions like a credit line. You can withdraw money when needed, repay in flexible EMIs, and pay interest only on the amount utilized—not the entire sanctioned amount.
Tata Capital offers two structured variants under this loan:
- Step-Up Facility
- Dropline Facility
Both options are tailored to help salaried individuals manage their cash flow better.
💡 FinCrif Tip: Choose this loan if you want to reduce your interest burden and maintain liquidity without rigid EMIs.
Key Features at a Glance
Feature | Details |
Loan Amount | Up to ₹35 Lakhs |
Loan Tenure | Up to 84 months |
Interest Rate | Starting from 14.50% p.a. |
Repayment Options | Step-Up or Dropline |
Withdrawal Facility | Multiple withdrawals allowed |
Part-Payment Charges | Zero |
Eligibility | Only salaried applicants |
Minimum CIBIL Score | 725+ |
Deep Dive: Step-Up vs. Dropline Facilities
1️⃣ Step-Up Hybrid Facility
This version of the loan gives you a fixed limit for an initial period where you pay only interest. After that, the principal starts reducing month-on-month—this is when the Dropline phase begins.
Loan Tenure | Interest-Only Period | Dropline Starts From |
84 months | First 24 months | 25th month onward |
60–72 months | First 12 months | 13th month onward |
Less than 60 months | Not applicable | Starts immediately |
🔍 Example:For a ₹10 lakh loan with 84 months tenure:
- First 2 years: You pay only interest on ₹10 lakh.
- Year 3 onwards: Principal reduces monthly; EMIs adjust accordingly.
✅ Ideal For:
- Young professionals expecting a raise in 1–2 years
- Individuals wanting low EMIs in the beginning
🎯 FinCrif Insight: The Step-Up facility eases financial pressure early on and aligns repayment with future income growth.
2️⃣ Dropline Hybrid Facility
In this structure, your total sanctioned amount starts reducing from day one. EMIs are calculated based on the amount used, not the total limit.
🔍 Example:Withdraw ₹5 lakhs → repay ₹50,000 after 3 months → new balance becomes ₹4.5 lakhs. The next EMI is based on ₹4.5 lakhs only.
✅ Best For:
- Those with unpredictable monthly expenses
- Individuals receiving periodic bonuses or windfalls
💡 FinCrif Tip: Dropline loans suit people who want to pay early and save on interest without worrying about penalties.
Why Apply Through FinCrif?
Here’s why applying for Tata Capital’s Hybrid Term Loan via FinCrif makes perfect sense:
Benefit | Why It’s Useful |
Digital-First Process | 100% online, no paperwork |
Smart Comparison Tools | Evaluate both Step-Up and Dropline structures |
Free Credit Score Check | Know your credit health instantly |
Multiple Withdrawals | Borrow as needed, like an overdraft |
Zero Part-Payment Charges | Repay anytime without penalties |
Eligibility Criteria
Tata Capital’s Hybrid Loan is designed for working professionals. Check if you qualify:
Parameter | Criteria |
Age | 21–58 years |
Profession | Salaried only |
Minimum Credit Score | 725+ |
Job Stability | At least 1 year in the current role |
📌 FinCrif Tip: A stable job and good credit score increase your loan approval chances significantly.
Required Documents
Ensure you keep these documents handy while applying:
Document Type | Examples |
Identity Proof | PAN Card, Aadhaar, Passport, Voter ID |
Address Proof | Utility Bill, Aadhaar, Passport |
Income Proof | Last 2 months' salary slips |
Bank Statements | Salary credit account (last 3 months) |
Employment Proof | Experience certificate (1 year minimum) |
⚠️ Important: Ensure your bank statement and salary slip reflect the same account.
Charges and Fees
Here’s a breakdown of the charges you should be aware of:
Fee Type | Details |
Interest Rate | From 14.50% p.a. |
Processing Fees | As per Tata Capital norms |
Foreclosure Charges | Usually applicable post 6 EMIs |
Stamp Duty | As per your state laws |
Cheque Bounce | Penalty as per agreement |
eMandate Swap Fee | Applicable if repayment method is changed |
🧾 FinCrif Tip: If you intend to foreclose your loan, confirm the exact charges beforehand.
How to Apply via FinCrif – Quick Online Steps
Getting started is easy. Here’s a simple 6-step application process:
- Visit FinCrif.com and head to the Personal Loans section
- Check your free credit score to view pre-approved loan offers
- Select Tata Capital Hybrid Term Loan – compare Step-Up and Dropline options
- Upload KYC documents and income proof
- E-sign the agreement and complete digital KYC
- Loan disbursal happens instantly once verified
When Should You Consider a Hybrid Term Loan?
Your Financial Situation | Recommended Option |
Expecting salary hike soon | Step-Up Facility |
Need frequent small withdrawals | Dropline Facility |
Planning partial repayments | Both work well |
Want low EMIs in the first year | Step-Up Facility |
Real-Life Use Cases
Here are a few examples where the Hybrid Term Loan can help:
- 💍 Wedding Planning: ₹10 lakh Step-Up loan with low starting EMIs
- 🏥 Medical Urgencies: ₹3 lakh Dropline loan with staggered withdrawals
- 🏠 Home Upgrades: ₹7 lakh loan used in phases with quarterly part-payments
Smart Loans for Smarter Financial Goals
The Tata Capital Hybrid Term Loan is a step ahead of traditional personal loans. It’s built for today’s salaried professionals who need flexibility, control, and smart repayment options. Whether you’re easing into a financial commitment or want to reduce your interest outgo with dynamic payments—there’s a variant designed just for you.
Apply easily through FinCrif and enjoy a hassle-free borrowing experience that puts you in control from start to finish.
Frequently Asked Questions
Q1. Can I switch between Step-Up and Dropline later?No. Once selected, the structure remains fixed throughout the loan term.
Q2. Is there a minimum withdrawal amount?Yes, usually starting from ₹25,000. Exact limit depends on the loan terms.
Q3. Will I pay interest on the full sanctioned loan?No. Interest is charged only on the amount withdrawn.
Q4. What if my credit score is below 725?You won’t be eligible immediately. Use FinCrif’s tools to improve your score and reapply later.
Q5. Are self-employed applicants eligible?Unfortunately, this loan is only open to salaried professionals.
