Tata Capital Announces New Affordable Home Loan Scheme at 7.99%

Updated on: 08 Jan 2024 // 2 min read // #mmm news
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Tata Capital Housing Finance Limited has announced a new Home Loan scheme for affordable housing. The offer is exclusively designed to boost priority sector lending amidst challenging COVID Times.

TCHFL’s new affordable housing loan scheme is open for both salaried and self-employed individuals residing in tier 2 and tier 3 cities. Under this scheme, the borrower can apply for Home Loan up to Rs 35 lakhs at flat 7.99 per cent per annum. Thus both individual buyers as well as investors can make use of the offer.

Tata Capital’s Affordable Housing Loan Scheme is as follows:

Home Loan Scheme for Salaried or Self Employed in Normal Income GroupROI

City Type 1

(population >= 10 Lakh)

Loan Slab<=35 Lakhs7.99%
Cost of Property<=45 Lakhs

City Type 2

(population <= 10 Lakh)

Loan Slab<=25 Lakhs
Cost of Property<=30 Lakhs

Benefits of affordable Home Loan:

The Tata Capital Bank said, the new scheme is designed for affordable housing segment. It will help new home loan buyers avail home loans in new slabs at interest rates. We look forward to provide access to easy and seamless EMI plan for all these first time buyers across India.

Calculate eligibility for loan:

You can assess Eligibility for Tata Capital Home Loan online. The details of loan, interest rates, processing fee, and charges are clearly mentioned on portal.

Amid Covid Times, the interest rates are constantly falling. Home Loan rates are all time low and indeed attractive for anyone who has been scouting for a housing finance deal.