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  • Tata Capital Loan Against Property is Rated as "Great!" by 3251 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
      "Needs to improve on customer service"
      0.5 3.0/5 "Satisfactory"
      The process took lot of time for approval, the website of TATA CAPITAL is not user friendly. Rate of interest was nominal when compared to others. The loan amount was for Rs 2 lacs with tenure period of 4 years. Customer support was not up to the mark with TATA CAPITAL.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Average experience"
      0.5 3.0/5 "Satisfactory"
      My experience was average with TATA CAPITAL for personal loan, the process took 1 week to complete. The loan amount was for Rs 80000 with high interest rate of 13%.. Documents like cheque was pending from my side. Customer service was good and they responded on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My experience was not up to the mark with TATA CAPITAL for personal loan, the process was delayed and it took 2 weeks to complete. The loan amount was for Rs 1 lac with high interest rate when compared to others. Customer support was not up to the mark and their response was delayed.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Documentation part should be improved"
      0.5 3.5/5 "Pretty good"
      I'm happy about the interest rate provided to me. I came to know that including the insurance they have given the interest rate of 12% and the processing fee of Rs. 1500. I have applied the loan amount of Rs. 2 lakhs. The loan got delayed for 12 days because of the collection executive. They have collected the documents once again from my end.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I am happy with the rate of interest and processing charges with Tata Capital. I opt the loan for 2 years. I have to pay monthly around12K through ECS. The customer service and response was average. The document procedure was good, I had submitted the documents to the executive.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Nice plans but need to take care of the application"
      0.5 4.0/5 "Great!"
      I had taken my personal loan from TATA CAPITAL by last month. I have applied the loan amount of Rs. 1.5 lakhs and the loan got delayed due to some reasons. From my end signature was mismatch and they have wrongly mentioned the tenure period because of all this things Mumbai branch was not accepted the same and they have sent a new application. Finally i have received the loan after 15 days.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "BETTER"
      0.5 4.0/5 "Great!"
      The particular reason for taking the personal loan with the TATA CAPITAL LIMITED is because the rate of interest is lower than others. The process is simple and i got the loan amount within 2 weeks. The rate of interest is 10.99% also the duration is for 5 years for repay added on that there is a pre closer charges applicable.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "For a personal loan, TATA CAPITAL providing good interest ra"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with TATA CAPITAL and loan amount its almost delayed for 20 days. While i was applying the loan i have selected 11.25% and on the loan processing time, they have said like the interest rate 13% and i complained about the same and it got resolved within half day.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Good service in terms of process and communication"
      0.5 5.0/5 "Blown Away!"
      I have received the loan on time. I'm happy about the interest rate provided to me. They have given me 10.99% and zero processing fee. I have bought the loan amount of Rs. 6 lakhs. The documents got collected from my house from the collection executive. I am yet to pay the first month EMI. I have chosen the ECS payment mode.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Good personal loan experience"
      0.5 4.0/5 "Great!"
      I have processed the personal loan with TATA CAPITAL 1 month before. I have received the bit delayed for 1 week. I'm glad about the interest rate and my processing fee got waived off. As per the market standards they have provided the minimum interest rates. The documentation was good. After 1 year only i can able to pre-close the loan.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I have appiled for personal loan with the TATA CAPITAL the reason for taking the loan with them is there is a option of Part payment also the process is fast. The loan amount is good also the rate of interest is of 10.99%. There is no processing fee applicable also the duration is for 5 years added on that the pre closure option in very much available here.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with TATA CAPITAL , there were no hidden charges with this bank . They did not charge any processing fee and i got my loan on time . The loan amount which i got through this bank is satisfactory .I did not got nay paper work they said they will send on mail but not yet receive .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 15, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with TATA CAPITAL , there is no hidden charges with this bank . The tenure period is 4year and it is sufficient . I did not got nay documentation on mail as said by their customer executive . They charge for insurance also they said mandatory but it should not be there they should keep as optional.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 15, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with TATA CAPITAL , tenure period is 5year . They provide satisfactory loan amount with this bank . Processing fee is not there but they charge for insurance. Initially they said rate of interest was different and later they charges was different but later they rolled what they promise .
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 15, 2018
    • Tata capital Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      They have asked me to taken a insurance policy against the loan. As per the market standards which is 11.25% they have provided as a personal. There was no processing fee according to the process. The documentation process was fair and the person came to my place collected the stuff.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 15, 2018
    • Tata capital Personal Loan
      "Better to go for other banks who is providing on time loan"
      0.5 1.0/5 "Really Bad"
      While i'm applying the loan they said there is no processing fee but when the loan got sanctioned they have debited Rs. 4000 without any intimation. Still i have not collected the cheque. I have applied the loan amount of Rs. 1.5 lakhs this is actually existing loan transfer and top up. They have supposed to give Rs. 75 K for a transfer and balance is cash. I was behind the people to get the loan. I have visited the TATA CAPITAL branch to get a cheque and they have said the exact people are not available and asked me to come for other day. I had a bitter experience with TATA CAPITAL.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 15, 2018
    • Tata capital Personal Loan
      "Completely wrong information provided by TATA CAPITAL"
      0.5 2.0/5 "Expected more"
      I'm not at all happy with the TATA CAPITAL. They have promised some charges but they have given me different charges. Surely I'm going to take legal action on TATA CAPITAL. The customer care service is little bit okay and they have not given responded quickly. They have not given proper response. There are lots of hidden charges and they have not informed about the stamp duty and insurance charges.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 15, 2018
    • Tata capital Personal Loan
      "Average Experience"
      0.5 4.0/5 "Great!"
      When i apply for a loan they have said that the interest is 10.75% and without any information they changed the interest rate upto 11%. They have not updated any details before approving the loan. They have said its zero processing fee but they have charged Rs. 5000 from my account. There was issue with the cheque book, after given the proper cheque, they have disbursed the amount after 2 days. There is no proper follow up from the TATA CAPITAL.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 15, 2018
    • Tata capital Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Tata capital, the loan amount they have given me is up to 3,00,000 and it is sufficient for me and i am not sure with the rate of interest how much they have charge me and they have charged nominal processing fee and the process went smoothly, i took 3 yrs as tenure period.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 15, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my personal loan with TATA CAPITAL recently, the loan amount whatever i have expected they have given me it is sufficient and the rate of interest they have charged me is up to 11.2% which is nominal and they have not charged any processing fee and there was 1 day delay in getting my loan issue but it was okay.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 14, 2018
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