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  • TATA Capital Home Loan

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  • 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.

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    We found 1 Tata Capital Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.75% - 8.85% Floating
    - One time fee
    ₹3Crs Max
    30 Years
    What you'll love
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    Perks
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    Fees & Charges
    Good To Know

    Tata Capital Home Loan Details

    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:

    Updated as per Latest Rates on 10 Dec 2019
    Reference Rate 17.45%
    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
    Rate Packages Available Floating/Fixed

    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.

    Tata Capital Home Loan Interest Rates

    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 Home Loan Schemes

    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.

    Tata Capital Home Loan

    • Easy loan application process.
    • Choose between fixed and floating rate.
    • Option to decrease loan tenure during the course of the 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
    1. Tata Capital Home Extension Loan
      • Can be availed to extend/expand/alter the structure of an existing property.
      • Simple documentation and flexible EMI repayment options.
      • You are eligible for tax benefits up to Rs.30,000 towards interest paid during a year.
      Loan Amount Interest Rates Loan Tenur
      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.

    2. Affordable Housing Loan under PMAY Scheme
      • Complete legal evaluation of your property.
      • The annual household income should range from Rs.3 lakh to Rs.18 lakh to be eligible.
      • Subsidised interest rates starting from 3%.
      Loan Amount Interest Rates Processing Fee
      Min. Rs.2 lakh Starts at 9.50% p.a. 1% of the loan amount plus applicable charges

    Tata Capital Home Loan Calculator

    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.

    Tata Capital Home Loan Eligibility Criteria

    Age Employment
    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.

    Documents Required for All Home Loan Applicants Under TATA Capital

    Age Proof Photo Identity Proof Address Proof
    • Valid Passport.
    • Driving License.
    • Life Insurance Policy.
    • Birth Certificate.
    • PAN Card.
    • School Leaving Certificate.
    • Voter ID Card.
    • Valid Passport.
    • Driving License.
    • Aadhar Card.
    • PAN Card.
    • Utility Bills.
    • Bank Statements.
    • Property Registration Documents.
    • Property Tax Receipt.
    • Voter ID Card.

    Income Proof:
    For Salaried Individuals For Self-Employed Individuals
    • Salary Sips or Salary Certificate for the last 3 months.
    • Appointment Letter/Annual Increment Letter.
    • Certified original copy of the latest Form 16.
    • Salary account bank statement showing salary credits for the last 6 months.
    • Balance Sheet and Profit & Loss account statements for the last 3 assessment years.
    • Current account statement for the last 6 months.
    • If CC/OD facilities have been availed, bank account statement for the last 6 months.

    Other Documents:
    • Business Proof for self-employed individuals: IT Returns for the last 2 years; Business Profile; Business Registration Certificate.
    • Loan account statement indicating repayments in the case of any ongoing loans.
    • Duly filled loan application form affixed with passport size photographs of the applicants/co-applicants.
    • Processing fee cheque from the borrower’s account (Salary account in the case of salaried borrowers or business account in the case of self-employed borrowers).

    TATA Capital Home Loan FAQs

    1. Who can avail a home loan from Tata Capital?

      You can apply for a Tata Capital housing loan if you are looking to:

      • Purchase a new house/flat.
      • Purchase a residential plot and build a house on it later.
      • Remodel your existing property.
      • To add/extend your existing house/apartment.
    2. What is the maximum loan tenure offered for repayment of the loan?

      You can extend your loan term up to 30 years to repay your debt comfortably.

    3. Is the processing fee refundable?

      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.

    4. What are the various loan repayment options offered by Tata Capital?

      You can repay your Tata Capital loan through:

      • Electronic Clearance Services (Your EMIs will be debited from your loan account).
      • Post Dated Cheques.
    5. Can I opt for fixed rate housing loans?

      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.

    6. How can I reduce the loan tenure on my loan?

      You can bring down the loan term either by making prepayments towards your home loan or by increasing your payable Equated Monthly Instalments (EMIs).

    7. How can I obtain my home loan statement?

      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.

    8. Who can be co-applicant while applying for the loan?

      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.

    9. How long will it take for TATA Capital to sanction my loan application?

      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.

      

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    Tata Capital Home Loan Reviews

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