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  • Tata Capital Bank Home Loan Balance Transfer

    Tata Capital Bank Home Loan Balance Transfer lets you transfer your existing home loan debt from other banks or NBFCs (Non-Banking Financial Companies) to Tata Capital Bank.

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    Tata Capital offers to balance transfer your home loan from another bank at an attractive interest rates. The Tata Capital home loan balance transfer is customised as per your requirements along with the option to choose the tenure, loan amount and EMI.

    Balance Transfer Interest Rates for Salaried

    Description Salaried and Self-Employed
    Home Loan Interest Rates 8.50% onwards
    Loan Tenure Up to 30 years
    Loan Amount Up to Rs.5 crore
    Processing Fees 0.5% of the loan amount + GST
    Balance Transfer Fees 0.5% of the loan amount + GST

    Additional Charges and Fees

    Tata Capital home loan balance transfer includes banking charges which are applicable when you avail a home loan with the lender. Below are the details:

    Charges Amount
    Foreclosure No charges if paid with your funds Charges are applicable if paid through someone else’s funds.
    Legal On actual
    Collection Agency On actual
    Delayed EMI Payments 2% over the prevailing rate will be applicable for the period of delay.

    Check: Tata Capital Home Loan

    Tata Capital Home Loan Balance Transfer Eligibility

    To avail the Tata Capital Home Loan Balance Transfer, the age criteria must be:

    Salaried Self-Employed/NRIs
    Above 24 years and below 65 years of age Below 65 years of age

    Documents Required for Tata Capital Home Loan Balance Transfer

    To avail the balance transfer loan, you’ll have the submit the below documents to process and extend the loan by Tata Capital:

    Documents Required Salaried Self-Employed
    Age Proof Passport/Driving License/Life Insurance Policy/PAN Card/Birth Certificate/School Leaving Certificate. Passport/Life Insurance Policy/Driving License/Birth Certificate/PAN Card/School Leaving Certificate.
    Identity Proof Voter ID/Passport/Driving License/PAN Card. Voter ID/Passport/Driving License/PAN Card/Aadhaar Card
    Address Proof: Utility Bill/Voter ID/Bank Statements/Property Registration Documents/Property Tax Receipt. Copy of Utility Bill/Property Title Documents/Bank Statements/Property Tax Receipt/Voter ID.
    Income Proof Salary Slips for the last three months/Appointment Letter/Increment Letter/Form 16/Salary Account Bank Statements for the last six months. Last three years’ Profit and Loss (P/L) Project Statement/Operative current account statement for the last 6 months/last six months bank statement of Credit Card or Overdraft facilities, if availed.
    Existing Loans Existing loan details through bank statements. Any existing loan information along with the bank statement.
    Processing Fee Cheque Issued from your salary account. Issued from your business account.
    Proof of Business -- Last two years’ IT returns/your business profile in a letterhead/Registration certificate for business commencement.

    Features

    Below are the key features of the Tata Capital Home Loan Balance Transfer:

    • Loan Amount: Rs.2 lakh to Rs.5 crore.
    • Loan Tenure: Up to 30 years.
    • Interest Rate: Begins at 9.25%.
    • Flexible EMI: You can choose from two types of EMI plans (Standard and Step-up Flexi EMI Plan).

    FAQ’s

    1. What’s the maximum time I can take to repay the home loan?

      You can take up to 30 years to repay the Tata Capital home loan.

    2. What’s the maximum loan amount I can avail from Tata Capital?

      The maximum loan amount is Rs.5 crore, subject to a maximum of 80% of the property value.

    3. What are the different modes I can repay the home loan?

      Tata Capital’s repayment modes include Post-Dated Cheques (PDCs) or you can set up an Electronic Clearance Service (ECS).

    4. Who can be co-applicants?

      Co-applicants can be your spouse, children, parents, siblings. Tata Capital considers the co-applicants' income to process your home loan.

    5. How long does it take for the home loan to be sanctioned?

      If you’re a salaried individual, the home loan will be sanctioned within 4 to 5 business days, while if you’re a self-employed individual, it will take about 7 to 8 business days.

      

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