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Calculate Tata Capital Home Loan EMI

50000020000000
120
130
Total Payments-

₹50,00,000

Total Interest-
₹0
Principal Amount-
₹50,00,000
Total EMI

₹0

View Details
  • Loan Amount
  • Interest Rate
  • Your EMI
  • Tenure
  • ₹50,00,000
  • 8.6%
  • ₹0
  • 30
Updated:

Tata Capital Home Loan Details

Tata Capital Housing Finance Ltd also known as TCHFL is one of the most prestigious and leading housing finance providers in India. TCHFL provides several Home Loan products and offers to meet the requirements of its customers. TCHFL understands the importance of the house and all the sentiments and emotions attached to it.

Therefore, TCHFL strives to guide a borrower throughout the Home Loan process and provide the best customer service. The Home Loan from TCHFL can be used to purchase a house/flat/apartment, construct a house, purchase a plot or for home improvement purpose. The housing loans offered at TCHFL are drafted after thorough research on customers across the nation.

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Highlights of the Tata Capital Home Loan

Purpose of loan:  The Home Loan from Tata Capital Housing Finance Ltd can be availed for the purchase of house/flat/apartments, construction of house or purchase of a plot for residential use. The Home Loan can be used to make any changes and improvement in the existing house.

Key features of Tata Capital Home Loan:

  • Tata Capital Home Loans are available for both salaried and self-employed
  • The Home Loan Interest Rates of interest at Tata Capital Housing Finance Ltd start at 8.70%. TCHFL offers a special discounted rate of interest for women borrowers
  • The age criteria to avail Home Loan from TCHFL is between 24 to 65 years
  • The property a borrower wishes to buy acts as security to avail Tata Capital Home Loan
  • Tata Capital Housing Finance Ltd provides a Home Loan at 80% LTV, a maximum of 5 Crores and a minimum of 2 Lakhs.
  • The maximum repayment tenure for Tata Capital Home Loan is up to 30 years
  • The lowest EMI at TCHFL is Rs. 776 per lakh
  • Processing fees: Tata Capital Housing Finance Ltd charges a processing fee up to 0.50% of the sanctioned Home Loan amount plus applicable GST.

Tata Capital Home Loan EMI Calculator

The Home Loan EMI Calculator is of great use to determine the Home Loan equated monthly instalment (EMI) amount. This estimation of payable EMI every month against the Home Loan taken helps the borrower to plan the finances as per the monthly budget. The borrower can plan the monthly expenses and finances based on the EMI amount they are liable to pay against the Home Loan. It helps to reduce the financial stress and prepares borrower for the upcoming financial obligation.

The important parameters such as loan amount, loan tenure, and rate of interest are to be provided by the borrower for calculating the Home Loan EMI. The online Home Loan EMI Calculator is very easy to use and provides accurate results. The calculator can also be used a number of times to arrive at the affordable EMI as per the budgetary constraints of the borrower.

The EMI is the amount payable by the borrower against the Home Loan taken. The EMI is paid every month on a fixed date by the borrower towards the repayment of the Home Loan.

Tata Capital offers housing loans with a period of up to 30 years along with the monthly EMI as low as Rs. 776 per lakh in order to make it more convenient to meet your requirements. The lowest rate of interest that is offered by Tata Capital bank on housing loan is 8.70%.

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Tata Capital Home Loan EMI Calculator Results

Tata Capital Home Loan EMI for Different Amounts and Tenures @8.60% Interest Rate:

Loan AmountLoan Tenure
 5 years20 years30 years
 25,00,000 Rs. 51,412 Rs. 21,854 Rs. 19,400
 50,00,000 Rs. 1,02,824 Rs. 43,708 Rs. 38,801
 75,00,000 Rs. 1,54,236 Rs. 65,562 Rs. 58,201
 5,00,00,000 Rs. 10,28,238 Rs. 4,37,081 Rs. 3,88,006
  • The above table gives all the details of the various home amounts that are taken at a very low interest rate, the EMI also differs on the basis of the tenure at 5, 20 and 30 years. The EMI is more when you take a Home Loan for a shorter period of 5 years and it is less when the loan tenure is high say 30 years.
  • The EMI includes both the interest and the principal amount. Even though the EMI amount will remain stable, the interest and principal amount will vary with each EMI. With every EMI paid, the proportion of the principal repayment in EMI keeps increasing and the interest component keeps reducing.

Tata Capital EMI for 1 Lakh at 8.60% Interest Rate for Different Tenures

 5 years10 years15 years30 years
EMI when loan amount is 1 Lakh @ 8.60% interest rateRs. 2,056Rs. 1,245Rs. 991Rs. 776
Total amount payable to bank (principal + interest)Rs. 1,23,389Rs. 1,49,425Rs. 1,78,310Rs. 2,79,364
Interest payable over the loan tenureRs. 23,389Rs. 49,425Rs. 78,310Rs. 1,79,364

The table above depicts the details of the tenure and the EMI of your Home Loan. The longer your repayment tenure, the lower is the EMI that you need to pay on the Home Loan availed. However, the total interest outgo is higher in a longer period Home Loan.

For example, in case you take 1 Lakh Home Loan for duration of 30 years then you tend to pay the lowest EMI, which is Rs. 776 and the interest that you would be paying is Rs. 1,79,364.

Unlikely, in case you take a Home Loan of 1 Lakh from Tata Capital at the lowest loan interest rate, i.e., 8.60% for duration of 5 years, then you pay a higher EMI at Rs. 2,056 per month. The interest paid is only 23,389, which is lower than the amount that is paid for tenure of 30 years Home Loan. Hence, it is always better that you choose the loan based on the tenure to control your interest expenses.

Additional Info: You can also Check Banglarbhumi West Bengal Land Record

Tata Capital Home Loan EMI Calculator Formula

The formula used by the EMI Calculator is P*r* (1+r)^n/([(1+r)^n]-1)

Here, for Tata Capital Home Loan:

P = Loan amount which ranges between 2 Lakh to 5 Crores

r = Rate of interest/month, which starts at 8.60% at present

n = tenure in months, which can be maximum 360 months for Tata Capital Home Loans

Additional Info: Also check Pan Number for Banks

Factors Affecting Tata Capital Home Loan EMI

  • Loan amount: The Home Loan amount has a direct effect on the EMI amount a borrower needs to pay against the Home Loan. The higher the Home Loan amount, the higher the monthly EMI will be. The maximum Home Loan amount a borrower can avail at Tata Capital is 5 Crores and the minimum Home Loan amount is 2 Lakhs.
  • Interest rate: It is very important to compare interest rates offered by various banks and financial institutions before applying for the home. The interest rate can increase or decrease your monthly EMI amount. The Home Loan interest rates at Tata Capital start at 8.60%.
  • Loan tenure: Home Loan tenure is the period during which a borrower needs to repay the entire Home Loan amount with interest. The age of the borrower while applying for the Home Loan has an effect on the Home Loan tenure. The longer the Home Loan tenure, the lower will be your monthly EMI. The maximum Home Loan tenure at Tata Capital is 30 years.
  • Occupation of the borrowers: Tata Capital offers good interest rates to salaried individuals as they have a stable income as compared to self-employed individuals.
  • Existing relationship: Based on the past relationship with customers, Tata Capital can offer lower interest rates on the Home Loan.

Additional Info: You can also avail Navi Home Loan

Change in EMI on Prepayment

If the borrower prepays a part amount of Home Loan, the following are the options provided by Tata Capital:

  • Reduce your loan tenure and keep EMI on your Home Loan unchanged: The borrower can opt to reduce the Home Loan tenure and keep the EMI unchanged. This will help the borrower to pay off the loan faster and reduce the overall interest on the Home Loan. This option is preferred by the borrowers having limited obligations.
  • Reduce the amount of EMI and keep your loan tenure same: The borrower can also choose to reduce the EMI by opting for a longer tenure. This is apt for the borrowers having higher monthly expenses and not willing to reduce the monthly EMI on a Home Loan.

Additional Info: SBI Home Loan Customer Care Number

Importance of Calculating EMI before Taking Tata Capital Home Loan

Following are the benefits of calculating the EMI prior to applying for the Home Loan at Tata Capital:

  • Estimating the EMI before applying for the loan can help the borrower to plan the monthly budget. If the EMI amount does not fit in the monthly budget. The borrower can adjust the Home Loan amount to arrive at desired affordable EMI.
  • It is easy to plan the monthly expenses if the borrower has an exact idea of the EMI amount payable against the Home Loan.
  • On the basis of the EMI amount, the borrower can decide to make a prepayment of the Home Loan in case of surplus amount.

Additional Info: How to get Pradhan Mantri Awas Yojana

Amortization Table

YearOpening BalanceAmount paid by customer (EMI*12)Interest paid during the yearPrincipal paid during the yearClosing Balance

FAQs

✅ Does the Tata Capital Home Loan EMI Calculator give accurate results?

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The online EMI Calculator follows the p*r*(1+r)^n/([1+r)^n]-1) method to ensure it gives you a 100% accurate result. You can see your monthly EMI along with the total interest amount and the total payable amount.

✅ Will the interest rate remain the same during the tenure?

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If you take fixed-rate loans, then your interest rate remains the same during the entire tenure. However, Tata Capital Home Finance only offers floating rate loans currently. The rate can change during your tenure, and you will have to pay accordingly.

✅ What is the EMI for Rs. 50 lakh in Tata Capital?

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Your monthly EMI depends on your selected tenure. For a loan of Rs. 50 lakh, you will have to pay around Rs. 43,708/- if you choose a tenure of 20 years and about Rs. 62,261/- per month if you select a tenure of 10 years.

✅ What is the EMI for Rs. 30 lakh in Tata Capital Home Finance?

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For a loan of Rs. 30 lakh, your monthly EMI will be Rs. 26,225/- for a 20-year tenure, Rs. 29,718/- for a 15-year tenure, and around Rs. 37,356/- for a tenure of 10 years.