Question 1

✅ What is the maximum loan amount available with Tata Capital Housing Home Loan?

Accepted Answer

You can get up to  5 Crores ( 10 Crores for NRIs) as Home Loan with Tata Capital Housing. However, the maximum loan amount cannot exceed 80% of the market value of the property being considered.

Question 2

✅ Who can be a co-applicant with Tata Capital Home Loan?

Accepted Answer

You can include your parents, spouse, siblings and/or children as co-applicants for Home Loans. Their salary or income will be considered to enhance eligibility for the loan.

Question 3

✅ Can prepayments be made on my Tata Capital Home Loan?

Accepted Answer

You can make a prepayment of up to 25% of the outstanding balance in a given year. If the prepayment amount exceeds this limit, a fee of 2% of the amount paid above the limit is charged.

Question 4

✅ Are there any foreclosure charges on Tata Housing Home Loans?

Accepted Answer

There are no foreclosure charges on Tata Housing Home Loans for individuals. In case of co-applicants, you will have to pay a foreclosure charge of 2% exclusive of taxes.

Question 5

✅ What is the maximum repayment tenure on Tata Capital Home Loans?

Accepted Answer

You can get repayment tenure of up to 30 years. The age at loan maturity of the applicant should not be over 65 years.

Question 6

✅ Who is eligible for a Tata Capital Home Loan?

Accepted Answer

Individuals above the age of 24 years and below the age of 65 at maturity are eligible for these loans. The loan is available to self-employed, salaried individuals and NRIs with sufficient income available for the chosen scheme.

Question 7

✅ Is there any processing fee or application fee that I have to pay for Tata Capital Home Loans?

Accepted Answer

The processing fees range from 0.5% to 2% of loan amount plus GST.

Question 8

✅ What are the repayment options available for Tata Capital Home Loans?

Accepted Answer

You can opt for ECS, PDC, auto-debit or even link your salary account for automatic repayment of your EMI.

Question 9

✅ What is the penalty on missed EMIs on Tata Capital Home Loans?

Accepted Answer

A 2% penalty is applied on the current rate for the period of delay.

Question 10

✅ What is the turnaround time with Tata Capital Home Loans?

Accepted Answer

The Turnaround Time depends upon each case and the availability of necessary documents. A dedicated team of Credit Managers will work on individual files. Once the loan is approved, a sanction letter is providing in 4-5 days for salaried employees and 7-8 days for self-employed individuals.

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