Tata Capital Home Loan Eligibility Criteria

Age of the Applicant

18 to 70 years

Eligible Salary

25,000 per month and above

Work Experience for Salaried

3 years and above

Maximum tenure


Minimum CIBIL Score


Maximum Loan on Property Value

Up to 90%

Eligibility with Co-applicant

Up to 3 earning family members may be added to get higher loan eligibility

check your eligibility


About Tata Capital Home Loan

If you are looking for a financial institution with several years of experience and complete reliability to avail a Home Loan, then Tata Capital Housing Finance Ltd (TCHFL) is the best option available. This company is known for offering some of the most attractive Home Loan schemes with the easiest application procedure, providing Home Loan solutions for just about everyone. With TCHFL, you have the advantage of an array of Home Loan products that are designed to suit varying needs such as the purchase of a new home, construction of a residential property, or even improvement and extension of an existing house or residential property. You have the advantage of the best customer care service that guarantees a smooth and reassuring experience.

Tata Capital Loan Eligibility Criteria

In order to avail a loan with Tata Capital Home Loan, you need to fulfill certain eligibility criteria. These criteria are based on factors like your repayment capacity, age, income, and value of the property. You also have options of increasing your Home Loan eligibility by including a co-borrower for any loan that you apply for.

Eligibility Factors Salaried Self-employed NRI

Borrower's age

Minimum 24 years at loan application  and below 65 years at loan maturity

Below 65 years at loan maturity

Below 65 years at loan maturity

Minimum income

30,000 per month



Minimum work experience

2 years

3 years

2 years

Factors Affecting Tata Capital Home Loan Eligibility

As mentioned above, there are different criteria that affect your Home Loan eligibility with Tata Capital Housing Finance. Here is an understanding of various factors and their effect on your eligibility.

Age: The applicant's age at the time of borrowing a Home Loan is the most important eligibility criteria. The younger the borrower, the more repayment time they have to repay the loan. This allows the borrower to avail longer loan tenure and consequently, reduce the EMI paid on the loan. With Tata Capital Home Loans, younger borrowers can get up to 30 years to repay the loan. Whether you are a salaried or a self-employed individual, the loan tenure can be extended to a period of 30 years. In the table below, you will see how the age affects the tenure provided to Home Loan applicants.

Age of the borrower Maximum repayment tenure available

25 years

30 years

30 years

30 years

35 years

25 years

40 years

20 years

45 years

15 years

50 years

10 years

Net Monthly Income: For salaried individuals, there are several deductions on your salary such as PF, ESI, and so on. The amount that you actually take home each month after you have deducted this outgoing amount is known as the net monthly income. The higher the income, the better is your repayment capacity. Therefore, your net income plays an important role in understanding how much Home Loan you are actually eligible for. 

FOIR: Besides the deductions, there are several other expenses that you must include in your monthly budget. This includes expenses like EMIs and rent that you cannot forgo. As per your total expenses, your FOIR (Fixed Obligation to Income Ratio) is calculated by Tata Capital Housing Finance. If you have an FOIR ratio of at least 0.65, you will be eligible for a Home Loan with Tata Housing Finance.

Co-applicant: If you are looking at improving your eligibility for a Home Loan, including an earning family member as a co-borrower can be of great use. This allows you to show the income of both the co-applicants when applying for a Home Loan. However, it is mandatory for the co-applicant to be a co-owner of the property as well.

Property Value: A Home Loan is a secured loan where the property for which you are applying for the loan is taken as security. So the value of the property along with the marketability is an important eligibility factor. Tata Capital will only provide a portion of this property value as per the Loan to Value (LTV) ratio. The remaining will be provided by the applicant as down payment on the loan. Maximum LTV for Tata Capital Home Loans is 80% of the property's value.

Validity of Property Documents: With Tata Capital, you have an entire legal team that will assess the property documents provided by the applicant. Only if these documents are 100% valid and complete will you get a clearance from the legal department to apply for a loan.

CIBIL Score: It is necessary for the lender to ensure that the individual applying for the loan is reliable when it comes to repayments. To check your reliability, the CIBIL score is assessed. This score is calculated based on your credit report which includes the repayments made on your past loans and also your credit cards. If you have been prompt in paying your dues and have also maintained a good track record with respect to credit card usage and other factors, your CIBIL score will increase. The higher this CIBIL score, the better the chances of getting an approval on your Home Loan.

You need to take care of the following factors that can bring down your credit score to be eligible for a loan:

  • Make sure that repayments on all existing loans and credits are made on time to improve your CIBIL rating.
  • Avoid taking unsecured loans. You must have secure loans in your credit history as well in order to have a good CIBIL score.
  • Do not use your credit card up to the maximum limit often. This is a sign of some financial distress and can affect your credit score quite a bit.
  • It is best to avoid applying for several loans together. Instead, make sure that you apply with institutions where your chances of approval are higher to maintain a good credit score.

Tips to Increase Your Tata Capital Home Loan Eligibility

You can improve your Home Loan eligibility with a few simple steps such as:

  • Clearing any short term loan that you currently have in addition to all your credit dues
  • Improving your repayment capacity by showing other income sources available to you
  • Applying for a joint loan with a family member who has a good salary or income
  • Ensuring that all your repayments are made on time
  • Receiving bonuses and added benefits from your current employer

Why Use Home Loan Eligibility Calculator?

Knowing your eligibility for a certain loan plan ensures that you do not have to worry about the loan application being rejected. You can use Home Loan eligibility calculator to check how much amount you are eligible for so that you can plan your finances accordingly. There are several benefits of using this tool, such as:

  • You can avoid making trips to the bank to check whether you are eligible for a loan plan or not.
  • You have the convenience of checking all the factors that affect your eligibility in one go, thus avoiding any chances of errors as well as elaborate calculations.
  • With the eligibility calculator, you have the option of comparing the terms and conditions of several loan plans to choose one that is most suited to your current requirement. This helps you make an informed decision on your loan plan.
  • This tool is available to you whenever you require at no cost at all. You can also use it multiple times for different loan schemes.

Documents Required for Tata Capital Home Loan

Getting your documentation right is the most important step in availing a Home Loan. The documents that you need to provide will depend on the nature of employment.

Here's the list of documents required for Tata Capital Home Loan:

  • Proof of age: Passport, PAN Card, Driving License, Birth Certificate, Life Insurance Policy, School Leaving Certificate (any one).
  • Proof of identity: Passport, PAN Card, Driving License, Voter's ID Card (any one)
  • Proof of residence: Bank Statements, Utility Bills, Voter's ID Card, Property Tax Receipt, Property Registration Documents (any one).
  • Proof of office address: Appointment Letter, Employee ID Card, Letter from employer on official letterhead (any one).
  • Proof of income:
    • For salaried applicants: Last 3 months salary slips, appointment letter, certified true copy of Form 16, yearly increment letter (any one).
    • For self-employed applicants: Income Tax Returns for the last 2 years, Registration certificate for business commencement, Business Profile on letterhead (any one).
    • For NRI applicants: Last 6 months pay slips with employment stability documents like appointment letter or previous employment history.
  • Bank statements:
    • Last 6 months bank statements of the salary account for salaried applicant
    • Last 6 months bank statements of operative current account and CC/OD facilities (if taken) for self-employed applicants.
    • Last 6 months details of overseas salary account and Indian NRE/NRO account statements for NRI applicants.
  • Credit report of the current country of residence for NRI (if applicable)
  • Details of existing loan(s) through bank statements
  • Processing fee cheque issued from the salary account (of salaried applicant) or the business account (of self-employed applicant).
  • Employed applicants have to provide their Aadhaar Card details as part of KYC document

FAQs- Tata Capital Home Loan

How to apply for a Home Loan with Tata Capital?

You can apply for a Home Loan by visiting any Tata Capital branch near you. However, the most convenient and most recommended option available is to apply for a loan online through MyMoneyMantra. This is a simple and hassle-free loan application process. All you have to do is fill an application form online and submit it. Following this, our Home Loan specialists will follow up with respect to the documents required and the actual application of the loan. Once the loan has been applied for, the documents that you provide will be assessed by Tata Capital.

How much repayment tenure can I get with Tata Capital Home Loan?

You can get maximum repayment tenure of 30 years with Tata Capital Home Loan. You have the option of choosing repayment tenure based on your repayment capacity. The longer your loan tenure, the lesser is your EMI.

Are there any tax benefits available with Tata Capital Home Loans?

You can avail tax benefits under Section 24 and Section 80C of the Indian Income Tax Act of 1961. This allows you to get rebates and benefits on both the interest and the principal amount component of your loan.

Does Tata Capital allow the transfer of an existing Home Loan?

You have the provision to transfer any existing Home Loan to Tata Capital. This procedure is completely hassle-free and will also allow you to save on interest rates and EMI as Tata Capital offers the most competitive deals.

Is it possible to club the income of my spouse when applying for a Tata Capital Home Loan?

Yes, you can include the salary of your spouse when applying for a loan if he or she is a joint applicant and a joint owner of the property. Clubbing your income with the income of your spouse also improves your chances of getting an approval on the loan that you apply for.

Does Tata Capital allow foreclosure of Home Loan?

Yes, you can prepay your Home Loan at a nominal fee.

Can I increase my eligibility for a Tata Capital Home Loan?

The eligibility for a Tata Capital Home Loan can be improved. All you have to do is include an earning family member as a co-applicant for the loan. This allows you to include your co-borrower's salary as an added income source when applying for a loan. This improves repayment capacity and hence, your eligibility for the loan as well.

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