Tata Capital Housing Finance - 7.75% for Home Loan - Takeover Loan

Tata Capital Home Finance Housing Loan:

Tata Capital Home Finance is a large Home Finance Company with the lowest home loan percentage rate in India.

Currently, the bank offers home loans starting from the 7.75% p.a. onwards * with a quick approval process.

Home Loan in Tata capital home finance is quite popular with its special features and attractive interest rates under the various Tata Capital Home Finance home loan schemes for different income and occupation groups.

 

Tata Capital Home Finance Details

Interest Rate

7.75% p.a. onwards *

Loan Amount

Up to Rs 5 crore loan

Loan Tenure

Up to 30 years

Processing Charges

Up to Rs 10,000

 

Tata Capital Home Finance Home Loan:

Tata Capital Home Finance offers multiple home loan products to its customers at low rates. Below mentioned are the details of the home loan from Tata Capital Home Finance.

 

Taking a loan from Tata Capital Finance has the following benefits:

1. Tata Capital Home Finance Home Loan Interest Rate Starts From 8.70% p.a. onwards

2. Tata Capital Home Finance Changes processing fees of Initial Processing Fees of Rs. 999 + GST,IPF applicable for fresh Home Loan cases

3. Loan tenure of Home Loan ranges from 5 to 30 years.

4. Lowest EMI per lakh on a home loan from Tata Capital Home Finance is per lakh offered at the lowest interest rate of 8.70% p.a.*  at the longest loan tenure of 30 years.

5. Tata Capital Home Finance allows prepayment of home loans with Nil charges on floating rate loans.

 

Details Of Tata Capital Finance :

Age

Min 24 and Max 65 years for salaried

Min 24 and Max 65 years for self-employedRepayment

t Tenure

30 years

Interest Rate

7.75% p.a. onwards *

Interest Rate Linked To

PLR

Processing Fee

Rs. 0.15+ GST Salaried Employees & Rs. 0.25+ GST SE Employees

 
Tata Capital Home Finance offers home loans to both salaried and self-employed at a minimum rate starting at 8.00% p.a. onwards*

Apart from the interest rate, the bank also has various other charges such as the Tata Capital Home finance processing fee.

That is charged over any other loan amount, is nonrefundable, and has to be paid at the time of loan application and foreclosure and prepayment fee for closing or prepaying the loan before the loan tenure ends.

 

Tata Capital Home Loan Schemes:

1. Tata Capital Housing Loan
Purpose: 

For construction/purchase of home and to avail balance transfer facility

 

Loan Amount: 

Rs 5 lakh-Rs 5 crore

 

Tenure: 

Up to 30 years

 

Advantages:

Easy loan application process.

Choose between fixed and floating rates.

Option to decrease loan tenure during the loan.

 

2. Tata Capital Home Extension Loan:
 Purpose: 

For adding space to the existing dwelling unit

 

 Loan Amount: 

Rs 2 lakh-Rs 5 crore

 

 Tenure: 

Up to 30 years

 

Advantages:

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.

 

3. Tata Capital Affordable Housing Loan

Purpose: 

Special Home Loan Scheme for Economically Weaker Sections, Schedule Castes, Schedule Tribes, and women belonging to peripheral regions of Metro cities, Tier I, Tier II, and Tier III cities.

 

Loan Amount: 

Rs 2 lakh onwards

 

Tenure: Up to 30 years

  
4.Tata Capital NRI Home Loans
Purpose: For NRIs to purchase or construct house in India

Loan Amount: Rs 2 lakh-Rs 10 crore 

Tenure: Up to 30 years

 

Tata Capital Home Finance loan interest rate depends upon:

1. Loan amount:

The housing loan rate in Tata Capital Home fiancé depends upon the loan amount you apply for.

The higher the loan amount, the lesser will be the rate

 

2. Your Salary:

Income helps you in identifying your rate of interest. Bank's rate varies with your monthly income.

The higher the income, the lesser will be the rate

 

3. Type of loan opted for:

Tata Capital Home Finance also offers differential rates for women borrowers and also under their fixed and floating rate schemes.

The rate of interest may be higher or lower under their special or popular loan product offers.

 

Tata Capital Home Finance Processing Fee and Other Charges:

In addition to interest rates, home loans from Tata Capital Home Finance also carry some other charges which include:

 

Processing Fee -

Tata Capital Home Finance applies processing charges to account for its expenses incurred for conducting a credit appraisal and completing the lending process.

 

Technical and Legal Charges -

Tata Capital Home Finance also charges technical and legal charges which are explained to the customer during the loan process.

Once you go through the loan application process, you will need to pay these charges based on Tata Capital Home Finance.

 

Prepayment Charge- 

If you decide to foreclose or transfer your housing loan to another bank, you need to submit an application for the same to Tata Capital Home Finance.

As per RBI rules, banks are not allowed to charge prepayment penalties on floating-rate home loans. Hence, you can prepay your home loan with Tata Capital Home Finance at Nil charges.

 

Tata Capital Home Loan:

Apply

Apply for an Tata Capital Home Loan easily on ApnaRupee.com – a channel partner for India’s top banks.
Our loan experts assist you throughout the process – from documentation to disbursal.
You can also compare Tata Capital Home Loan rates with other banks before choosing the best deal for your home loan needs.

 

Tata Capital Home Finance Loan Documents:

For Salaried employees:

1. Filled up the loan application form.

2. Two Passport Size Photo

3. ITR of last 2 years

4. Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN

5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport

6. Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit

7. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension

 

For Self-Employed:

1. Filled up the loan application form.

2. Two Passport Size Photo.

3. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

4. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport

5. Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed

and proof of business existence and business profile

6. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

Frequently Asked Questions:

Q. What are the documents required for a home loan from Tata Capital Home Finance?

Ans. To apply for a Tata Capital home finance home loan, you will be required to submit Tata Capital Home Finance home loan documents such as a home application form with the attested photographs along with

the various other documents such as identity proof, bank statements, residence proof, property papers, and loan account statements if any.

 

Q. Why Should I take a home loan from Tata Capital Home Finance?

Ans. Below mentioned is the reason why you must avail of a home loan from Tata Capital Home Finance

Doorstep service by authorized person.

Multiple home loan schemes as per thinned of customer

 

Q. What is the maximum loan tenure I can opt for under the Tata Capital Home Finance house loan?

Ans. Tata Capital Home Finance offers you a longer tenure of 30 years to repay your loan with the benefits of paying less EMI per month.