Tata Home loan is a loan for individuals who wish to manifest the home of their dreams. The loan is offered up to Rs 5 Cr. and costs affordable interest rates starting from 6.90%. Tata Capital housing loan comes packed with features like balance transfer, top up loan and can be repaid within an easygoing repayment period. Let us dig into the section and find more about the Tata Capital home loan.
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Loan Amount |
Ranges from Rs 5 lakh to Rs 5 Crore |
|
Interest Charges |
Starts at 6.90% per annum |
|
Processing Fees |
0.50% of the loan amount |
|
Tenure |
Up to 30 years |
|
Prepayment |
Up to 2% of the principal outstanding |
Wondering why you should go for a Tata Capital home loan? Well, here are some features of Tata Housing loan that you can consider:
While the Tata Capital home loan amount ranges from Rs 5 lakh to Rs 5 crore, the loan amount you will be able to avail will be decided by many factors including your income, credit history, repayment capacity, purpose of home loan etc.
Tata Capital home loan interest rates start from 6.90% per annum. The rates are subject to some important checkpoints which include the repayment tenure, credit history, purpose of home loan and the applicant’s profile.
Tata Capital housing loan repayment tenure is easy and ranges up to 30 years.
Tata Capital Top Up home loan is a facility offered by the bank that allows you to avail an additional loan over/above your existing home loan. If you are in need of urgent financial requirements, then a top up home loan is a useful option.
Tata Capital home loan offers balance transfer facility. This facility allows you to move your outstanding home loan amount from one lender to another lender offering lower interest. Using this facility, you will be able to save up on interest charges.
The bank allows you to prepay your home loan. However, the bank charges a prepayment fee of 2%.
You need to meet certain conditions to avail Tata Capital housing loan. Your Tata Capital home loan eligibility is determined by your age, income, credit score and employment status.
Here is the eligibility criteria for Tata Capital home loan you must meet:
You must submit the documents required for Tata Capital home loan. You are required to submit copies of your address/ID proof and other documents.
Here are the required documents for Tata Capital home loan:
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Documents |
Salaried Applicants |
Self Employed Applicants |
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Identity Proof |
Aadhar Card, Voter’s ID Card, Passport, Driving Licence |
Aadhar Card, Voter’s ID Card, Passport, Driving Licence |
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Address Proof |
PAN Card, Voter’s ID Card, Passport, Driving Licence, Utility Bills such as Electricity, Telephone, Water Bills |
PAN Card, Voter’s ID Card, Passport, Driving Licence, Utility Bills such as Electricity, Telephone, Water Bills |
|
Income Proof |
Salary Slips, Bank Statements, Form 16 |
Balance sheet and profit and loss account, IT Returns, Business Proof |
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Other Documents |
Passport-size Photographs, Duly Filled Application Form, Any Other Documents Required by the Bank |
Passport-size Photographs, Duly Filled Application Form, Any Other Documents Required by the Bank |
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BANKS |
INTEREST RATE |
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7.75% to 9.40% |
|
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6.95% onwards |
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6.95% to 7.50% |
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7.40% to 9.70% |
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9.60% to 10.55% |
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7.34% to 8.29% |
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6.95% to 8.05% |
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Starting at 8.71% |
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6.80% to 8.40% |
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9.75% to 10.05% |
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8.55% to 8.655 |
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8.00% to 15.00% |
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6.85% to 7.75% |
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6.85% to 7.755 |
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6.90% to 8.90% |
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7.55% to 8.40% |
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Starting at 7.00% |
It is best that you calculate the Tata Capital home loan EMI before first. You can use the Tata Capital home loan EMI calculator to know the payable amount for home loan EMI. With the help of this tool, you can see how you need to plan your finances.
Here is how to use the Tata Capital Home loan calculator:
The payable Tata Capital home loan EMI will now appear next to the calculator.
Here is how to apply for the Tata Capital Home loan online:
If you have any query, complaints or any feedback regarding the Tata Capital home loan, then you can simply reach out to the Tata Capital customer support.
Here is the toll-free number for Tata capital customer care that you dial:
1860 267 6060
FAQs On Tata Capital Home Loans
The Tata Capital home loan interest rates start at 6.90% per annum. The rates also depend on factors such as your credit score, income, repayment history etc.
The Tata Capital home loan processing fee is 0.50% of the loan amount.
Yes. You can foreclose your Tata Capital home loan. You will be charged a prepayment penalty of 2%. However, the prepayment charges depend on the type of interest rate.
You can use following payment options to repay your Tata Capital home loan:
You can make your parents, spouse, siblings or children as a co-applicant for the Tata Capital Home Loan.
Last Updated on : 07/Apr/2021Know More About
You're eligible for a Tata Capital Home Loan if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Home Loans is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Updated on 25 Nov 2017
| Tata Capital Home Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 6.9% - 0% |
| Processing Fees | 0.50% |
| Loan Tenure | Upto 30 year to years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
Home Loans EMI Calculator