A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 1 Tata Capital Housing Finance ‘Prapti’ Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.75% - 8.85% Floating
    - One time fee
    ₹3Crs Max
    30 Years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
    Fees & Charges
    Good To Know
    Tata Capital Housing Finance ‘Prapti’ Home Loan is Rated as "Pretty good" by 95 Users

    Fees & Charges

    Promised Interest Rate

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    Home Loan BYTES FROM OUR KITCHEN

    Tata Capital Housing Finance ‘Prapti’ Home Loan

    Tata Capital Housing Finance Limited (TCHFL) has always supported the empowerment of the urban poor segment by assisting them in the purchase of their dream home. They have been constantly introducing new schemes, special offers, hassle free processing facilities and offering the best rates of interest for this purpose. They have a dedicated vertical for this, catering to 50 locations in the country.

    In addition to providing long term loans for housing purposes, TCHFL provides loans for residential land purchase, home renovation projects and offers construction finances to developers.

    For availing a home loan, lenders look to validate the income of the applicant and verify his CIBIL score. As long as the CIBIL score of the applicant is good, he will not have too many problems in getting the approval for the loan. However, for individuals falling under the low income bracket, it is quite difficult to avail a credit.

    Prapti Home Loan Scheme:

    TCHFL’s Prapti Home Loan scheme is a boon to the lower income groups and economically weaker sections residing in the urban areas. The plan provides affordable housing loans to help individuals realise their dream of purchasing their own home. The plan is well set to spread some cheer in the lives of aspiring home owners this festive season.

    Salient features of PraPti Scheme:

    • The Prapti home loan scheme is in alliance with the Government’s Pradhan Mantri Awas Yojana that targets the construction of 2 crore affordable houses for the urban poor by the year 2022.
    • The plan caters to economically weaker sections, low income groups, SC and ST, and women who are residents of the peripheral regions of the Metros, Tier I, Tier II and Tier III cities.
    • Households with a maximum income of Rs. 6 lakh per annum can avail the Prapti home loan.
    • As per the scheme, home loans are offered at subsidised interest rates starting at 4%.
    • The plan allows flexible repayment options and offers the facility of zero conversion charges.

    TCHFL is a fully-owned subsidiary of Tata Capital. The parent company is active in the industry vericals of advisory services, investment banking, private equity advisory and forex. They also deal with credit cards and travel, commercial and infrastructure finance, securities and consumer finance.

    Affordable housing is a segment that has witnessed commendable growth in Tata Capital’s home loan business. The Prapti scheme with its easy repayment facilities such as the step-up and step-down options will definitely boost Tata Capital’s presence in the market.

    News About Tata Capital Housing Finance ‘Prapti’ Home Loan

    • Tata Capital Housing Finance brings its interest rate down

      Tata Capital Housing Finance Limited (TCHFL), the subsidiary owned by Tata Capital Limited, has decreased the interest rate on its loan offering.

      The company decided to do this in a bid to reach out to a larger audience and to offer them loans at affordable rates. Here’s what the rates look like for women and other borrowers.

      For up to loans of Rs.75 lakh, interest rates stand at 8.7% per annum for women, and 8.75% per annum for others. Rates are slightly different for loans higher than Rs.75%. In this case interest for women stands at 8.75% while the same for other borrowers remains at 8.80%.

      Chief Operating Officer, Govind Sankaranarayanan of Retail Business and Housing Finance spoke about the company’s move said that the interest rate cut is an indication of its commitment to reach out to a larger audience and to offer loans to people at a much lower interest rate.

      He also said that the company is witnessing higher demand from the affordable housing segment and that the company has taken enough measures through special schemes.

      20th January 2017

    Tata Capital Housing Finance ‘Prapti’ Home Loan Reviews

    • Tata capital Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken the home loan service from TATA CAPITAL on last December the interest rate they offered was 8.25 the documents have been collected from my door step the payments where through online it was a excellent experience with TATA CAPITAL for my home loan service.
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 11, 2017
    • Tata capital Home Loan
      "excellent service"
      0.5 5.0/5 "Blown Away!"
      It was a pretty good service from TATA capital for my home loan service ,customer support and the other representatives of TATA capital is very helpful and responsible,even the documentation part was fine ,I can say the overall service is excellent from TATA capital for my home loan service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 10, 2017
    • Tata capital Home Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      TATA capital is giving the home loan in 9.75% interest rate and the processing fee is normal on the loan amount. Paper works are similar to the banks. The door step service was given and they disburse the loan very late as they took one year the loan amount. I had taken 28 laksh and the tenure is for 20 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 10, 2017
    • Tata capital Home Loan
      "Need Improvement"
      0.5 1.0/5 "Really Bad"
      I have applied home loan within TATA capital , but there customer support haven't reached me back even after I reached them. They have promised me that they will give a call back, but they haven't turned up . The customer support need to be customer centric. The response part need to be focused a lot., The interest rate and the charges were not explained by TATA CAPITAL .
      Was this review helpful? 0
      , pune
      Reviewed on Aug 28, 2017
    • Tata capital Home Loan
      "Customer friendly"
      0.5 4.0/5 "Great!"
      I purchased an apartment from the builder, TATA Capital gave me better interest rate and satisfactory home loan amount as per my request. I took the amount of Rs. 30 lakhs, there were some processing fee applicable, but it was nominal. I took the loan for the tenure of 20 years with an EMI of Rs.16,000.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 22, 2017
    • Tata capital Home Loan
      "Very irresponsible home loan team/dept."
      0.5 0.5/5 "Unacceptable"
      When compared with their personal loan response I will give the home loan guys with -ve stars, the most irresponsible behavior seen so far, they are still contacting me from past 6 days, and their phone banking resps are just waste, dont even have branch numbers nor do they have any executive names, I have called them atleast 4-5 times after some ping from this department to that they have only one answer to say we will get back to you soon, emails are the most useless means, even after contacting their nodal officer they dont react. I just want to confirm one single thing and for that I have to do such magach mari, god forbid me from taking loan from these guys and other people should also stay awake before opting them.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 28, 2017
    • Tata capital Home Loan
      "Extremely Poor Customer Care service "
      0.5 0.5/5 "Unacceptable"
      They lag ownership & responsibility for all the request you put. Closing and transferring is very painful .... they create hurdle at every step though their rep assure there will not be any in case you one want to transfer the home loan but in actaul its not correct . Its more than a month they are not returning my original document even though the amount was returned a month back. There system are always slow and down ..and they give excuse of not logging the complain . If you complain they disconnect the call without answering .... hopeless !! all i can say .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 10, 2017
    • Tata capital Home Loan
      "Its Excellent"
      0.5 4.0/5 "Great!"
      TATA Capital interest rate is good, when compared with other banks, their executive are supportive and responded well, they came and collected the documents. They were saying nearly process take ten days to process and sanction my home loan. As of now everything is really good.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jul 04, 2017
    • Tata capital Home Loan
      "Loan processing part has to be improved"
      0.5 3.0/5 "Satisfactory"
      Tata Capital approached me very faster but the processing time is not upto the mark, I am going to finalize apartment its ready to occupy condition, they agreed to process 85% of loan on the property value with the interest rate of 8.5% its good and their will charge the processing fee 3800 rupees. All formalities were completed with Tata Capital, waiting for the disbursement.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jun 13, 2017
    • Tata capital Home Loan
      "Back end team should give proactive customer"
      0.5 4.0/5 "Great!"
      I had taken the home loan from Tata Capital, initially they offered me an interest rate of around 10% this was taken two years back. Finally, Tata Capital offered me the interest rate around 9.5% then I had done the balance transfer with PNB housing, they gave me interest rate of 8.5%, But Tata Capital took a long time to provide the NOC, back office work should be done faster.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jun 07, 2017
    • Tata capital Home Loan
      "Good company"
      0.5 5.0/5 "Blown Away!"
      I got the home loan from Tata capital limited with the rate of interest as 8.7% with the processing charge as 5750 Rupees. I got the approval within a week's time. Documents and everything was nominal with them and the paper works required by them was also quite simple.
      Was this review helpful? 1
      , mumbai
      Reviewed on Apr 29, 2017
    • Tata capital Home Loan
      "Recommendable Institute on home loan"
      0.5 5.0/5 "Blown Away!"
      TATA Capital done a great job on my loan process, totally they have taken only five days to sanction my loan. They charged very less processing fee but interest rate was high. I took the loan amount of Rs.52 Lakhs with tenure of 20 years, My EMI amount around 52,000 per month. I am completely happy about their service.
      Was this review helpful? 1
      , chennai
      Reviewed on Apr 27, 2017
    • Tata capital Home Loan
      "Dependable "
      0.5 4.5/5 "Excellent!"
      Currently, I have an ongoing home loan with the Tata capital limited and their interest rate was around 9.7% before 2015. Fortunately, there is a fall in the rate as the interest rate is dropped down to 8.5% and their response is very good one with them. However reduced rate was not applied to the EMI immediately.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Apr 04, 2017
    • Tata capital Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I got a call from TATA CAPITAL for my home home loan. I am happy with the response and the customer support rendered to me. Interest rate provided was a around 8.7%. Overall everything was good . I did not proceed ahead further for the loan because I was not having form 16 and tax form so that they said it cannot be processed further.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 03, 2017
    • Tata capital Home Loan
      "Good in response"
      0.5 4.0/5 "Great!"
      I directly visited TATA CAPITAL for my housing loan. Interest rate is 8.75% and the processing fee is around 5000. I got a good response from the bank, they were not delaying the process and they initiated it on time and it is in process now. Their service is good in all the aspects like customer service, rate of interest and processing fees.
      Was this review helpful? 2
      , mumbai
      Reviewed on Apr 03, 2017
    • Tata capital Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I received a call from Tata capital limited for my home loan application. It was a timely response and I was informed about the details I needed. I could not proceed ahead because the institution was not funding for my property location. It was negative.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Mar 06, 2017
    • Tata capital Home Loan
      "Can be more flexible"
      0.5 3.0/5 "Satisfactory"
      I could not proceed ahead with Tata Capital Limited for the home loan as they wanted me to take the Builder's consent for construction of property. Since it was not possible from my end they had cancelled my application. The services provided was good, also it was on time , so was the interest rate and charges.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 05, 2017
    • Tata capital Home Loan
      "Not Satisfactory"
      0.5 1.0/5 "Really Bad"
      I initially received a call from Tata capital limited and I was informed that I would receive a call back for the further process. After which there was no response from their end. It has not been a satisfactory experience as the process was not useful to me.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 05, 2017
    • Tata capital Home Loan
      "Very high on ROI"
      0.5 3.0/5 "Satisfactory"
      Tata capital limit was pretty high when it comes to the rate of interest and the charges for the home loan when compared to the Public sector banks like SBI. The rate offered was around 9.21% and other banks were charging around 8%. They contacted me on time and informed the details, but they are not recommendable.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Mar 05, 2017
    • Tata capital Home Loan
      "Be more convenient"
      0.5 3.0/5 "Satisfactory"
      I could not avail a home loan from Tata capital as I had an issue with my documentation. They could be more lenient on documentation part. But, I had received a prompt response and service from Tata capital. is not providing a loan, based on the documentation issue.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 04, 2017
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