Austenitic 316L stainless steel (SS) is commonly used as a biomaterial for human implant applications. However, its clinical uses are limited due to its relatively high corrosion rate in physiological conditions. Various surface modifications, including coatings, have been developed to enhance its performance. In this study, a thin layer of Tantalum (Ta) was applied to the surface of 316L stainless steel using a DC Magnetron Sputtering (DCMS) system; the thickness of the coating varied from 1.504 to 6.083 µm, achieved by deposition times ranging from 15 to 60 min. The aim was to examine the electrochemical corrosion characteristics of the uncoated 316L SS and the Ta-coated 316L SS, followed by Potentiodynamic Polarization (PDP), Electrochemical Impedance Spectroscopy, and Open Circuit Potential tests. These tests were conducted for 10 min, 60 min, and 90 min to assess their performance over time. The PDP measurements took place in a simulated body fluid (SBF) at a pH of 7.8 ± 0.25 and a temperature of 40 °C, with varying coating durations. The PDP test outcomes revealed that the Ta-coated 316L stainless steel exhibited enhanced resistance to corrosion compared to the uncoated 316L stainless steel sample. The efficacy of Ta coatings on the 316L stainless steel samples was assessed through several techniques, including Optical microscopes, Energy Dispersive X-ray Spectroscopy, Scanning Electron Microscopy, and X-ray Photoelectron Spectroscopy. The findings from SEM and EDS verified the successful application of the Ta coating onto the stainless steel. The composition of the surface oxide film of Ta, the substrate, and the thickness of the coating were determined using the XPS technique, which confirms the effectiveness of the Ta coating in safeguarding 316L stainless steel against electrochemical corrosion, particularly for biomedical applications.