India · Finance guide · Updated 9 October 2026
Quick answer: Shortlist using the exact product and the personalised written quote. Poonawalla’s standard personal loan and instant personal loan have different published pricing. A partner application labelled Tata Capital can also present other lenders, so verify the final lender before comparing.
Do not mix product pages
| Comparison point | Tata Capital | Poonawalla Fincorp |
|---|---|---|
| Published reference | Standard personal-loan page shows interest 10.99%–33% and APR 10.99%–45% | Standard personal-loan page advertises interest from 9.99% |
| Processing reference | Up to 5% plus GST; documentation charges can apply | Standard page shows 0%–3% plus taxes |
| Variant issue | Different products and quotes can carry different terms | Instant page separately advertises 16% onwards and processing up to 5% plus taxes |
| Decisive document | Final lender offer, KFS and schedule | Exact product’s final KFS and schedule |
These are published references checked on the stated date, not rates assigned to you. A starting rate is the low end of a promotional range. A visitor may not qualify for that rate, and an application partner may offer a different product. Do not join the lowest figure from one page to the benefits of another variant.
APR and cash received can tell a different story
Illustration: two hypothetical lenders sanction ₹3 lakh for 36 months at the same reducing-balance interest rate. One deducts a processing fee of 2% plus assumed 18% GST, or ₹7,080. The other deducts 4% plus that tax, or ₹14,160. The second quote leaves ₹7,080 less usable money on day one before any other deductions. Equal interest rates therefore do not imply equal all-in costs.
For your comparison, use the APR printed in each quote and check that it matches the actual fees and disbursal shown. Ask whether documentation, insurance or service charges are mandatory or optional. If you do not want an optional product, obtain an illustration without it before deciding. Do not accept a vague “included” statement in place of the actual rupee cost.
Plan the exit as well as the entry
Early repayment can save future interest, but a closure fee or restriction can reduce that saving. Compare conditions at the same expected repayment month. A cooling-off exit shortly after disbursal is not the same as ordinary foreclosure later in the loan. Read the exact applicable policy rather than treating all cancellation routes as free.
- Check that the lender named in the final agreement matches the quote being compared.
- Record the actual disbursed amount and first EMI date.
- Compare total repayment for the same amount and tenure.
- Check penalties and payment-failure charges before signing.
- Keep the quote and documents so later changes can be identified.
Questions answered
Is 9.99% necessarily cheaper than 10.99%?
Not by itself. Your final rate, APR, fees and tenure can differ from the starting figures.
Are the standard and instant Poonawalla loans the same offer?
Do not assume so. The published pages show different pricing references and should be evaluated separately.
Does the Tata Capital campaign link always lead to Tata Capital?
The observed campaign can open a partner comparison journey. Confirm the actual lender on the final offer; the label alone is not enough.
Compare the options and continue
These application campaigns are listed for India. The linked provider or application partner handles eligibility, approval and final pricing. A partner journey may display a different lender; confirm the name on the final offer.
Open the cards and loans comparison dashboard →
Sources and checking date
Issuer or provider information checked on 9 October 2026. Your application offer can differ; confirm the exact variant and terms before accepting.