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  • Tata Capital Loan Against Property is Rated as "Great!" by 3057 Users

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    Tata Capital Loan Against Property

    TATA Capital provides secured loans that are ideally aimed to provide financial aid towards personal or business needs by utilising the value of an owned property.

    Apply for Personal Loan

    Where can a TATA Capital Loan against Property be used?

    This secured loan is provided to salaried and self-employed individuals alike on properties that are commercial or residential. The loan thus availed can be used for personal or business needs for any term (subject to the repayment period).

    Who is eligible for TATA Capital Loan against Property?

    A secured loan, this business loan has a few eligibility criteria to be met in order for the financial institution to be able to sanction the loan. The eligibility requirements can be mentioned as follows –

    1. Applicants can be individuals, professionals, sole proprietorships, partnership firms and private limited companies (including closely-held public limited companies) but compulsorily Indian residents

    2. Applicants should be at least 25 years of age when the loan is sanctioned and at most 60 years of age at the time of loan maturity

    3. The minimum gross salary or net profit per financial year should be INR 240000 to INR 300000

    4. The minimum occupational stability for individuals and non-individuals is 3 years, and non-individuals need to have a minimum of 2 years of cash profit

    What are the types of financing under TATA Capital Loan against Property?

    Loan against Property from TATA Capital is a specific term loan with repayment period of up to 15 years.

    What are the loan limits under TATA Capital Loan against Property?

    Based on the credit-worthiness of the applicant, validity of documents and value of the property, TATA Capital can provide loans from INR 5 lakhs up to INR 5 crores.

    What are the interest rates?

    Interest rates for a Loan against Property could depend on the base lending rate and be anything from 12% per annum to 15% per annum. Changes to the rates are based on TATA Capital’s discretion. The mentioned rates are as per November 2015.

    What documentation is required during applying for Tata Loan against Property?

    The standard list of required documents for applying for this loan are mentioned as follows –

    1. PAN Card – For Individual, Partnership Firm, Company

    2. Identity Proof – Either of Voter ID, Driving License, Passport or Aadhaar Card

    3. Address Proof – Either of Voter ID, Driving License, Passport, Telephone Bill, Electricity Bill, Registered Lease Deed or Sale Agreement or Bank Statement

    4. Ownership proof of either residence or office either in the name of applicant or jointly with family members

    5. Business Continuity Proof – Any one of the mentioned documents dated 5 years old (Bank Statement, Sales Tax Challans, IT Returns, Shops & Establishment Certificate, Certificate of Incorporation, Partnership Deed)

    6. Letter certifying end use of the business loan funds on official business letterhead

    7. Passport Size Photographs of all applicants and co-applicants.

    Financial documents required while applying for the loan will include and might not be limited to -

    1. Latest audited ITR and financials for the last 2 years or latest 3 month salary slip or latest Form 16

    2. Bank statements from the main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet (For salaried, 6 months’ credit of salary should be reflected in the bank statements)

    3. Partnership Deed and partnership authority letter for partnership firms

    4. Memorandum and Articles of Association and Board Resolution from the company

    5. Certificate of Incorporation (COI) for companies

    6. Latest shareholding patterns for companies

    What are the features of TATA Capital Loan against Property?

    The Loan against Property from TATA Capital is a really good financing option for urgent financial needs on business or personal grounds.

    Some key features of this specialised loan are as follows –

    1. Loan tenure or repayment period can be as high as 180 months

    2. Minimal documentation and faster approval

    3. Commercial as well as residential property accepted as collateral

    4. High loan amounts up to INR 5 crores

    How to apply for TATA Capital Loan against Property?

    The loan can be applied for through TATA Capital’s website, as well as forms can be downloaded, filled and submitted along with relevant documents at a local branch. Additionally, one could call or mail TATA Capital requesting an executive assistance for application process.

    Tata Capital Loan Against Property Reviews

    • Tata capital Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      It has been a very good experience with this loan and the loan amount which they had provided had been satisfactory. The banking services went well and there hasn't been any hassle with the banking services. The interest rate with them had been less when compared with the other banks in the market.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 18, 2018
    • Tata capital Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I took loan personal loan from the Tata Capital for 4.25 lacs. I got the loan amount with in 15 days cheque. The interest rate was 14% initially and they reduced the interest rate to 13.5% Overall it has been a good experience so far. They need to lower the interest rates.
      Was this review helpful? 5
      , chennai
      Reviewed on Jul 13, 2018
    • Tata capital Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Tata Capital, the over all process was good, but there was a little issue during the process, there was a communication gap between the verification team or else the process could have been more faster. I had to follow up on them and they never informed me about the company gate was closed and they could not visit me. So I had to reschedule everything and get things done.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 30, 2018
    • Tata capital Personal Loan
      "Should improve processing time"
      0.5 3.0/5 "Satisfactory"
      The process in getting the loan has taken more than the usual as it has taken 35 days in getting the loan amount. I had directly went to them for submitting the documents where they had not been collecting it on doorsteps. I have taken this loan for a medical emergency.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 30, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had chosen to go with them since the processing fee was zero. But during taking the loan it has taken some more time than usual and the loan amount which they ahd given has been satisfactory. The interest rate which they are charging had been good and i had taken this loan for my home renovation. There has not been any issues faced.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Jun 30, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have gone through the website portal and they had been good compared with others. The process in getting the loan has been good and the processing had taken more times than usual. I had applied for a loan amount of 1.5 lacs and they had given me 1.2 lacs and i had taken this loan for a personal reason. The interest rate has been okay and it has not been too high or too low.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 30, 2018
    • Tata capital Personal Loan
      "Good to apply the loan in TATA capital compared to others"
      0.5 4.5/5 "Excellent!"
      I have applied the loan amount of Rs. 4 lakhs. They have charged me a interest of 12.25%. Their is no processing fee for this loan. I have taken the tenure period of 4 years. They are taking too much time to take the escalation part. It is minimum of 20 to 25 days to resolve the issue. The same thing happened thrice in customer care. I have a relationship executive for me.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jun 28, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied a loan amount of 10 lakhs and they have sanctioned the same. They have offered me a interest rate of 11.25%. The processing fee is get waived off. Their is no hidden charges when i was purchasing the loan. From next year onwards there was some charges. I used to the EMI amount of around Rs. 21000. As i think so they clarification is not provided from the bank end regarding the pre closure. In customer care, they are saying different criteria for the pre closure.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 27, 2018
    • Tata capital Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had chosen to go with them since the process with them has been fast and easy. The process has been smooth and the loan amount which they have given has been satisfactory. The interest rate with them has been good and there has not been any issues faced with them so far.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 27, 2018
    • Tata capital Personal Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken with TATA CAPITAL. The process was good and the loan amount was 2.7 lakhs and the interest rate was 48 months . The customer and responses was up to the mark. They have sanctioned the loan with the committed time and the processing fee was also nominal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 27, 2018
    • Tata capital Personal Loan
      "Much scope for improvement"
      0.5 1.0/5 "Really Bad"
      Rate of interest is around 13% with the Tata capital limited and everything were good one too. I am really not happy with them and I would like to close the loan amount in foreclosure way and everything is better too with the Tata capital limited.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jun 27, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had chosen to go with them since the interest rate with them had been low compared with the market rate. The process in getting the loan also had been easy and the loan amount which they had provided had been satisfactory. There has not been any issues faced with the banking services offered by TATA CAPITAL.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 26, 2018
    • Tata capital Personal Loan
      "They need to improve their field executive"
      0.5 5.0/5 "Blown Away!"
      Actually it is quite seamless. Most of the documentation did online services. Physical verification done once. The fintech process are very high tech nowadays. I can track application easily. TAT of the disburse is very low compared to other banks. They are not charging anything for the pre-closure. I'm not aware of the minimum pre-closure period
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 25, 2018
    • Tata capital Personal Loan
      "Fine with TATA CAPITAL"
      0.5 5.0/5 "Blown Away!"
      It was told me initially that their is no charges for processing fee however the Rs. 2100 for the processing fee without any intimation from the bank. I was trying make a call for their toll free number. There was a lots questions are coming in the IVR. Their is a more queue time. I have tried 2 times but i got a same response only. The interest rate is similar whatever they mentioned earlier. I got the earlier whatever they said. After submission of all the proper documents, i have got the loan next day itself.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 25, 2018
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from the Tata Capital. The experience in terms of the loan was very good. I got the loan with 10 days. Documentations was very good. There were no charges. Asked to reduce the interest rate, comparing to other banks they offer a competitive interest rate. Overall it was a very good experience.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jun 25, 2018
    • Tata capital Personal Loan
      "Need to process the loan fast"
      0.5 4.0/5 "Great!"
      I took a personal loan from the Tata Capital for Rs. 3L for 3 years. It took almost 20 days, the loan process was very slow. Normally it would take 2-3 days and in my case it took a lot of time after application, I didn't get the money when I required it the most. They need to process the loans in a timely manner.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 25, 2018
    • Tata capital Personal Loan
      "Bull shit experience from the TATA Capital's people"
      0.5 1.0/5 "Really Bad"
      The people who are working over there are very careless. Their is no time value for the customer and another thing service department also very bad. My loan got delayed because of the TATA capital fault because of their issue, customer is suffering. The person takes care of my loan taken 1 week leave so no one was there to take care of my loan. Their is no communication to the customer regarding the delay. I suffered too much with the TATA capital.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 25, 2018
    • Tata capital Personal Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken with TATA CAPITAL. The process was good and the loan amount was 2.7 lakhs and the interest rate was 48monsth . The customer service and responses was up to the mark. They have sanctioned the loan with the committed time and the processing fee was also nominal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2018
    • Tata capital Personal Loan
      "Not up to the mark"
      0.5 1.0/5 "Really Bad"
      I have taken a personal loan from Tata Capital, my over all experience has not been good, as the processing of my loam amount was delayed even after giving all the physical documents, secondly I did not receive any physical documents after receiving the loan, and they have charged me extra for insurance of my loan amount which I was not aware about that, I am not satisfied at all, and I requested them no of times to send me physical documents as my first emi towards the loan is approaching.
      Was this review helpful? 0
      , delhi
      Reviewed on Jun 22, 2018
    • Tata capital Personal Loan
      "Need to improve the customer care service"
      0.5 4.0/5 "Great!"
      I have not received the loan on time. I have applied on 10th April but i have received loan on 18th May. Actually, The TATA CAPITAL they have not processed my loan. I followed up with them many times. The interest rates are nominal. I used to make the payment through ECS. The customer care service is not good because the waiting time was huge its take around 25 minutes even though i cannot able to speak with the customer care executive.
      Was this review helpful? 0
      , jaipur
      Reviewed on Jun 22, 2018
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