Tata Capital Home Loan Interest Rates

Avail a home loan up to Rs. 5 crores for up to 30 years term with affordable TATA Capital Home Loans interest rates starting at 6.90% p.a. With a minimum EMI per lakh of Rs.659, your dream to own your house now becomes achievable. Minimum income requirement of Rs. 30,000 and a credit score of 600 maximizes customer ease.

Tata Capital Home Loan Details

Highlights of Tata Capital Home Loan are as below:

Loan AmountUp to 80% of the property cost
Rate of interest6.90% onwards
TenureUp to 30 years
Lowest EMI possibleRs. 659 Per Lakh
Processing fee0.5% to 2.0% of the loan amount + GST

Tata Capital Home Loan Features

Following are the features of Tata Capital Home Loan:

  • Loan amount: Up to 80% of the property; Rs 5 Lakhs to Rs 5 Crores
  • Tata Capital Home Loan interest rates start at 6.90% p.a. onwards
  • Repayment tenure: Maximum up to 30 years
  • Tata Capital Home Loan Processing Fees is nominal, i.e. 0.5% to 2.0% of the loan amount.
  • Lowest EMI possible: Rs. 659 Per Lakh

Tata Capital Home Loan Interest Rates

ProductTata Capital Home Loan
Loan amountUp to 90% of the property cost
Rate of interest6.90% onwards
TenureUp to 30 years
Lowest EMI possibleRs. 659 per Lakh
Processing fee0.50% to 2% of loan amount
Salary/IncomeRs 30000 & above
Credit ScoreAbove 600

Fees and Charges

Apart from interest rates, there are some other charges that are levied by Tata Capital on the Home Loan, such as

  • Processing fee: Tata Capital charges a processing fee of 0.50% to 2% on the Home Loan amount plus applicable taxes. This fee is non refundable.
  • Foreclosure charges: No charges are applied on foreclosure of Home Loan if you pay off with your own funds. If you use someone else's money for foreclosure, then a foreclosure charge of 2% will apply.
  • Charges for the delay in EMI payment: The borrower has to bear charges of an additional 2% per month on the prevailing rate for late payment.
  • Legal charges: On actual
  • Collection agency charges: On actual

Key Things to Know about Tata Capital Home Loan Interest Rates

The Home Loans at Tata Capital are available at very attractive interest rates, starting at 6.90% onwards. They offer concessional interest rates on Home Loans to women borrowers. Additionally, people belonging to low income groups get subsidised Home Loans under PMAY subsidy.

Tata Capital gives you the flexibility to opt for Fixed Interest Rate Home Loan/ Home Equity Loan for the initial three years. The rates will automatically get converted into Floating Interest Rates after three years term.

How to Calculate Tata Capital Home Loan Rate?

You can calculate Tata Capital Home Loan Interest Burden by using a manual formula or by using an online Home Loan EMI Calculator.

Formula is:
Interest Amount = Principal Loan Amount x Interest Rate x Time 

Using a calculator is faster and handy.

In order to use the calculator, fill the loan details like amount, interest rate and tenure.

Press the submit button. 

Instantly you will get the results, highlighting loan EMI, total repayment and total interest amount.

If you use the MyMoneyMantra Home Loan EMI calculator, you will also get amortization schedule of the loan alongside graphical representation of the loan principal and interest.

Comparison Table with other banks

LenderInterest RateProcessing Fee
Tata Capital Home Loan6.80% onwards0.50% to 2% + GST
ICICI Bank Home Loan6.95% - 8.05%0.50% - 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST
SBI Home Loan7% - 7.85%Up to 0.50% + applicable GST
Axis Bank Home Loan7.75% - 12%Up to 1%, minimum Rs.10,000
HDFC Home Loan6.95% - 8.35%Up to 1.50% of the loan amount or Rs. 4,500 (whichever is higher) + applicable taxes

Factors Affecting Tata Capital Home Loan Interest Rates

Some common factors that may impact the Home Loan interest rate at Tata Capital include:

  • Loan amount: The Home Loan amount has a considerable effect on the interest rate. The interest rate can be low for higher Home Loan amount.
  • The income of the borrower: The income of the borrower plays an important role in determining their repayment capacity. Good interest rate is offered to high-income individuals. You can add the income of your spouse or any other eligible co-borrower to improve your eligibility and reduce the rate.
  • Type of loan opted for: Different interest rates are offered on different types of Home Loan schemes. The interest rate also depends on the floating or fixed interest rate scheme. It is important to thoroughly study all the Home Loan offers and schemes before finalising the type of Home Loan.
  • Existing relationship: Tata Capital offers attractive interest rates to its existing customers based on their relationship with the lender.
  • Credit score: The interest rate may be higher for applicants having low CIBIL score and vice versa.

Features of Tata Capital Home Loan Scheme

  • Flexible home loans ranging from 5 lakhs to 5 crore.
  • Borrow up to 80% of the property value.
  • Maximum loan tenure Tata Capital Home Loan is 30 years.
  • Processing is fast, easy, and hassle-free.
  • Documentation is minimal and standard.
  • Rate concession for women applicants.
  • LIG & Middle income group can apply for PMAY subsidy as per eligibility

Best Value Home Loans

MyMoneyMantra is India’s largest phygital loan distributor. With trust of 70 lakh customers, we assure hassle free access to the best Home Loans up to 10 crore for housing loan borrowers in India. Our service is 100% free. We use latest technology and AI to serve customers across the length & breadth of our diverse country. Check Eligibility & Apply.

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Tata Capital Home Loan Interest Rates FAQs

What is the tax benefit on a Home Loan at Tata Capital?

As per Indian Income Tax Act of 1961, under section 24 and section 80C of Income Tax Act, the citizens of India can avail tax benefits on the repayment of interest and principal for up to  2 Lakhs and Up to 1.5 Lakhs respectively.

Is it possible to transfer my Housing Loan from another bank to Tata Capital?

Yes, Tata Capital gives you the facility to transfer your existing loan with a very simple and hassle-free process. Transferring the Home Loan from another bank to Tata Capital can help you save interest and reduce EMI.

Can I avail a Top-Up on my Home Loan with Tata Capital without providing any additional security?

Yes. Tata Capital offers a top-up loan on your existing Home Loan on meeting the specified eligibility criteria and terms and conditions.

How can I get my Home Loan statement?

You can get access to your Home Loan statement of accounts & the Provisional interest certificate through Tata Capital's customer portal. You will get your customer login details in the welcome letter.

Which additional benefits do Tata Capital offer to a Home Loan borrower?

The borrower will get income tax benefits as well as insurance benefits on availing Home Loan from Tata Capital housing finance ltd.

Does Tata Capital offer insurance facility to secure Home Loan?

Yes. Tata Capital offers one of its kind Cover for life. In case of any eventuality, the insurer will pay off the loan outstanding/ the amount insured in Tata Capitals. On clearance of the principal outstanding amount, borrower's nominee will receive the original property document.