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. 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).Loan against Property from TATA Capital is a specific term loan with repayment period of up to 15 years.
Based on the credit-worthiness of the applicant, validity of documents and value of the property, TATA Capital can provide loans from INR 10 lakhs up to INR 3 crores.
Interest rates for a Loan against Property could depend on the base lending rate. The interest rate for Tata Capital Loan against property starts at 10.5% p.a.
The standard list of required documents for applying for this loan are mentioned as follows –
Financial documents required while applying for the loan will include and might not be limited to -
The Loan against Property from TATA Capital is a really good financing option for urgent financial needs on business or personal grounds.
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.
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