TATA Capital offers affordable housing loans at attractive interest rates starting from 9.25% p.a. and EMI per lakh from Rs.823. You can avail a maximum loan amount of Rs.5 crore on extended loan tenures up to 30 years. The processing fee is up to 2% of the loan amount plus applicable taxes.
With Tata Capital, you get home loans at competitive rates and special guidance throughout the process. Here’s a snapshot of the salient features of their housing loan schemes:
|Loan Amount||Minimum: Rs.2 lakh, Maximum: Rs.5 crore|
|Processing Fees||0.5% to 1%|
|Penal Interest Rate||Extra 2% on applicable rate for the duration of delay|
|Prepayment/Foreclosure?Charges||NIL for own-source payments
2% for non-individuals and balance transfer on fixed-rate
|Max Tenure||30 Years|
Taking a home loan is a huge commitment. And getting into such a commitment means that you should know all the conditions and additional fees and charges associated with your home loan. Make sure you know all these details before applying for a home loan.
The table below contains the current interest rates of home loans offered by Tata Capital:
|Tata Capital Home Loan?Schemes||Interest Rate (p.a.)|
|Home Loan||9.25% onwards|
|Home Extension Loan||9.60% onwards|
|Affordable Housing Loan||9.50% onwards|
Tata Capital offers eligible customers home loan at competitive interest rates and longer loan tenures. Below given are the present interest rates, eligibility criteria and documentation required before you apply for home loan.
|Loan Amount||Interest Rates||Processing Fee|
|Rs.2 lakh to Rs.5 crore||Starts at 9.25% p.a.||Up to 2% of loan amount|
|Loan Amount||Interest Rates||Loan Tenure|
|Min. Rs.1 lakh||Starts from 9.60% p.a.||12 to 60 months|
Note: The processing fee associated with Tata Capital Home Extension Loans can vary depending on the loan amount being availed.
|Loan Amount||Interest Rates||Processing Fee|
|Min. Rs.2 lakh||Starts at 9.50% p.a.||1% of the loan amount plus applicable charges|
Calculate your Equated Monthly Instalments (EMIs) payable towards your housing loan using the BankBazaar EMI Calculator. All you have to do key in a few basic loan parameters such as the loan amount, loan tenure, interest rate, and the processing fee. The automated tool will compute the EMI based on your input and also give you a complete breakup of the total amount you will be paying during the entire tenure.
The EMI calculator will also provide you with an Amortisation Table illustrating your debt repayments towards the principal and the interest components on a monthly as well as an annual basis during the tenure.
|Home Loan – 24 years to 65 years.||Salaried – Must be earning at least Rs.30,000 per month with minimum 2 years of work experience.|
|Home Extension Loan – 21 years to 65 years.||Entrepreneur– A minimum of 3 years of work experience in the current field is required.|
|Age Proof||Photo Identity Proof||Address Proof|
|For Salaried Individuals||For Self-Employed Individuals|
You can apply for a Tata Capital housing loan if you are looking to:
You can extend your loan term up to 30 years to repay your debt comfortably.
No, the processing fee is a one-time expense incurred by the bank to process your loan application. The fee will be non-refundable whether your loan application has been approved or not.
You can repay your Tata Capital loan through:
Yes, you can choose a fixed rate home loan for the first three years of the loan repayment tenure. Once the 3-year period is complete, your loan will be automatically converted to floating rate type with your consent.
You can bring down the loan term either by making prepayments towards your home loan or by increasing your payable Equated Monthly Instalments (EMIs).
You can get your home loan statement by visiting the customer portal which you can log in to by entering the details provided in the welcome letter offered by the lending institution. You can also obtain the Provisional Interest Certificate in the same manner.
An immediate family member such as your spouse, parents, children or siblings can be made a co-applicant while applying for a home loan. All co-owners of the property must be co-applicants for the loans. However, co-applicants need not be co-owners of the property.
In the case of salaried applicants, TATA Capital can take up to 4-5 days to sanction your home loan application. On the other hand, the loan sanction period for self-employed applicants is 7-8 days. Once the lending institution has processed your loan application, you will receive a loan sanction letter confirming your eligibility for the loan.