About Tata Capital
Tata Capital, formed in the year 2007 is a subsidiary of Tata Sons Limited. It offers a comprehensive range of financial services to fulfil the diverse needs of retail, corporate and institutional customers. It got registered with Reserve Bank of India (RBI) as a Systematically Important Deposit Accepting Non- Banking Financial Company (NBFC). Tata Capital offers various products including Commercial Finance, Infrastructure Finance, Wealth Management, Consumer Loans, and marketing of Tata Cards.
About Tata Capital Loan Against Property
Tata Capital offers a Loan Against Property with the several benefits including a high loan amount, flexible loan tenor and attractive rate of interest. The NBFC offers a loan against property with the simplified loan process starting from the submission of loan application form to the disbursement of the amount into the account of the borrower. The following key facts about a loan against property from Tata Capital are mentioned below:
Tata Capital Loan Against Property
Flexible loan tenor up to 15 years
ECS (Electronic Clearing System)/ NACH
Collateral/ Security for the loan
Purpose of Applying for a LAP from Tata Capital
Ranges from 1% to 1.25% of the loan amount
4% + lock-in period charges (Lock-in period is 9 months from the date of disbursement)
Up to 25% of principal amount is allowed at NIL charges and above 25% is allowed at 4%
Tata Capital Loan Against Property Features and Benefits
Loan Against Property from Tata Capital offers several features and benefits that are mentioned below:
- Attractive interest rates: The bank offers a home loan at the attractive rate of interest starting from 8.75%.
- Quick turnaround period: Tata Capital disburses the amount of loan into your account within 14 to 20 days of the loan approval.
- High Loan Amount: The borrower can take a minimum loan against property of 20 lacs that can go up to 20 crores.
Tata Capital Loan Against Property Eligibility Criteria
The eligibility criteria for applying for a loan against property from Tata Capital is mentioned below:
Who can apply
Tata Capital Loan Against Property Documentation
The following documents for salaried individuals, self-employed professionals are mentioned below:
Type of document
Salary slips/ Income Tax Return
Identity proof (Anyone)
Proof of Signature (Anyone)
Residential address proof