Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Tata Capital Loan Against Property is Rated as "Great!" by 3468 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.

    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 experience"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan from Tata Capital through online channel. They offered me a good service and the interest rate is reasonable. There was no processing fee. I think they took 7 days to disburse the loan. I have submitted the documents to the executive. The loan duration is 5 years.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jan 23, 2019
    • Tata capital Personal Loan
      "Good in Service"
      0.5 5.0/5 "Blown Away!"
      I had taken a loan from TATA capital. The process of applying loan was easy . I didn't had any strain submitting the documents. With Tata Capital this is my first personal loan. The interest rates that i have here is reasonable . My application was processed on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 22, 2019
    • Tata capital Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for Tata capital recently, the loan amount they have given me was sufficient, and the rate of interest they have charged me was nominal,they have charged me up to 11.49% and they have not charged me processing fee , and there was no delay in loan amount , and there overall service till now was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 22, 2019
    • Tata capital Personal Loan
      "Needs to improve on customer service"
      0.5 2.0/5 "Expected more"
      My experience was not good with TATA CAPITAL personal loan, the disbursement amount did not match for this loan. They charged Rs 300 for no reason at the time of taking this loan. Customer service was not good but the rate of interest was nominal.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 21, 2019
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was really a good experience with personal loan from TATA CAPITAL, there was no processing fee charged and the rate of interest was less when compared to others. Customer service was good and the tenure period for this loan was for 1 year.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 21, 2019
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for my personal loan with Tata capital from past 11 months , and the loan amount they have charged me was sufficient, they have charged me nominal rate of interest up to 10.99% ,and even processing fee they have charged me was nominal, the process went smoothly without any issue, but one issue i felt like it use to get auto debit from my salary account for an Emi on every 9th date ,they took properly for past 6 months,but after that they use to delay it,on 11 date they take,it use to get delay, and i till it might be effecting my credit score.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 21, 2019
    • Tata capital Personal Loan
      "Excellent card"
      0.5 4.0/5 "Great!"
      I have been holding my personal loan with Tata capital , the loan amount they have given me was sufficient , they have charged me rate of interest too high they have charged me up to 11% was nominal, and the processing fee they have charged me was nominal there was no delay in loan .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 21, 2019
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using TATA CAPITAL bank personal loan for long time,the loan amount which they have given me was sufficient,the rate of interest they have charged me where high,they have charged me up to 14%, it high compare to other bank,and the processing fee they charged me was nominal,till now no issue with them,overall service is good.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jan 20, 2019
    • Tata capital Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The response was good and I got the least interest for my personal loan. The loan duration is 5 years. After one year I can do the pre closure with 0%. They have processed the loan within 1 to 1.5 weeks. Initially have uploaded the documents online then executive came to collect few document. TATA Capital gave me a right information and really impressed with their service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2019
    • Tata capital Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The experience with this loan has been quite good where the process in getting this loan has been quite easy. The loan amount has been sufficient and the interest rate with them has less when compared with the market rate. There has also been some charges which has been nominal.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 19, 2019
    • Tata capital Personal Loan
      "Good Professional Service"
      0.5 5.0/5 "Blown Away!"
      When I browsed the online channel, Tata capital is the one having less interest with zero processing fee. That is the reason I took this personal loan from them. The loan process was quite good, the processing time is less. The interaction between me and executive was professional.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jan 18, 2019
    • Tata capital Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have applied my personal loan in Tata Capital through online. The rate of interest and charges are nominal. I have received 2.7L excluding processing fee. The loan duration is 5 years. The documents are collected by executive as well as submitted online. They took max 8 to 9 days to deliver the loan.
      Was this review helpful? 2
      , pune
      Reviewed on Jan 18, 2019
    • Tata capital Personal Loan
      "Good Experience with Tata Capital"
      0.5 5.0/5 "Blown Away!"
      I got best deal from Tata Capital, the customer support is proactive to process the loan application. But the loan disbursement got delay it should be faster. I got the better interest rate and its zero processing fee from the Tata Capital disbursement.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jan 18, 2019
    • Tata capital Personal Loan
      "Should be transparent"
      0.5 4.0/5 "Great!"
      I chosen Tata capital is because of the processing fee waiver off, the interest rate is also okay for me. They charged me around the interest around 11% for Rs.4.75 lakhs. Tata Capital didn't disclose about the part payment and preclosure option. I suggest they should be transparent in all aspects.
      Was this review helpful? 1
      , delhi
      Reviewed on Jan 18, 2019
    • Tata capital Personal Loan
      "Experience is good"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Tata Capital. The customer support and response is good. I received the loan on time and as promised. The rate of interest is of 11.49% which is high and the processing charges is zero. The documentation was collected on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 18, 2019
    • Tata capital Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      The experience is good at Tata capital and they were very quick to respond as well. The documents was taken on time. The personal loan was not disbursed on the said date only because of the holiday that came in between. The rate of interest is of 11.49% and the processing fee is zero.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 18, 2019
    • Tata capital Personal Loan
      "Process is good"
      0.5 4.0/5 "Great!"
      I received a good response from Tata Capital for the personal loan. I got the funds within a week and as per my requirement. The rate of interest was of 11.49% which is on the higher side as the other banks are offering 11%. The processing was zero.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 18, 2019
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I was looking for a personal loan and thats when i applied with TATA Capital. This is the first time with TATA Capital and i am happy about it. My application was taken care and it was processed on time. The tenure period is 2 year and i use to pay EMI on time .
      Was this review helpful? 0
      , pune
      Reviewed on Jan 18, 2019
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience was good with TATA CAPITAL for personal loan, the disbursement took long time and i received my loan amount within 15 days. Loan amount was sufficient and the rate of interest was nominal. Tenure period for this loan is 4 years and the customer service was good.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jan 17, 2019
    • Tata capital Personal Loan
      "Average loan"
      0.5 3.0/5 "Satisfactory"
      I have applied the loan amount of Rs. 4 lakhs and they have sanctioned only 3.40 lakhs according to my eligibility. They have given me a interest rate of 14.10% and I'm unsatisfied with it. Before approval they said maximum of 12% but it didn't happened. They have deducted around Rs. 1200 as a processing fee. Total tenure period of the loan is 4 years.
      Was this review helpful? 1
      , faridabad
      Reviewed on Jan 17, 2019
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