Tata Capital Home Loan Interest Rates
Interest Rate

Starting @ 6.90%

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Processing Fee

Upto 0.50%

Loan Tenure

5-30 years

Lowest EMI Per Lakh

₹ 659 for 30 years

Prepayment Charges

Nil charges for floating rates loans

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About Tata Capital Home Loan

Tata Capital Housing Finance Ltd (TCHFL) is one of the most renowned housing finance company in India. It is known for its hassle-free procedure and attractive Home Loan offers. The TCHFL believes in going an extra mile to understand the mindset and requirements of a customer from a finance company and strive to provide the best Home Loan products that suit the varied needs of the customer. TCHFL provides Home Loan for the purchase of new flat/apartment/house, renovation or extension of the current house, purchase of plot as well as the construction of a residential unit. TCHFL makes sure to provide the best customer care support throughout the Home Loan procedure.

Tata Capital Home Loan Interest Rates

The Home Loans at Tata Capital are available at very attractive interest rates. The interest rates at Tata Capital start at 9.25%. 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.

Tata Capital Home Loan Features

  • The applicant can apply for an amount of 2 Lakh to up to 10 Crores based on the property's value.
  • Maximum loan tenure on the Home Loan is 30 years
  • The loan procedure at Tata Capital is quick, easy, and hassle-free
  • Provides necessary customer support throughout the loan procedure

Interest Rate

9.25% onwards 

Loan Tenure

Maximum 30 years

Eligibility age

24 to 65 years

Prepayment Charges

Allowed at Nil charges for floating rate loans. Up to 2% for fixed.

Lowest EMI

823 per lakh

Processing Fee

0.5% - 2% of the sanctioned loan amount

Loan amount

2 Lakhs to 5 Crores

Factors Affecting Tata Capital Home Loan Interest Rate

Here are some common factors that may impact the Home Loan interest rate at Tata Capital:

  • 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 scheme. 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 scheme before finalising the type of Home Loan.
  • Existing relationship: Tata Capital offers attractive interest rates to its existing customers based on their relationship with them.
  • Credit score: The interest rate may be higher for applicants having low CIBIL score and vice versa.

How to Apply for Tata Capital Home Loan?

You can apply for Tata Capital Home Loan through the following ways:

  • Visit your nearest Tata Capital Housing Finance branch and talk to their housing loan officials
  • Call Tata Capital's customer care and place your request
  • Apply online through Tata Capital's website
  • Apply online through online lending marketplaces like MyMoneyMantra

Applying through MyMoneyMantra helps you get the best loan offer at the attractive interest rate and low processing fee. When you apply through the MyMoneyMantra, you have the flexibility to check the offers and details of various loan offers from 90+ banks and other financial institutions.

Charges Related to Tata Capital Home Loan

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 nonrefundable.
  • 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

Documents Required For Tata Capital Home Loans

The applicant has to submit the following documents to apply for Tata Capital Home Loan in addition to the application form for Home Loan and recent passport-sized photographs:

Type of Document Salaried Self-employed NRI

Age proof (any one)

Passport, PAN Card, Driving License, Birth Certificate, Life Insurance Policy, School Leaving Certificate

Passport, PAN Card, Driving License, Birth Certificate, Life Insurance Policy, School Leaving Certificate

Passport, PAN Card, Driving License, Birth Certificate, Life Insurance Policy, School Leaving Certificate

Photo identity proof (any one)

Passport, PAN Card, Driving License, Voter's ID Card

Passport, PAN Card, Driving License, Voter's ID Card

Passport, PAN Card, Driving License, Voter's ID Card

Proof of residence (any one)

Bank Statements, Utility Bills, Voter's ID Card, Property Tax Receipt, Property Registration Documents

Bank Statements, Utility Bills, Voter's ID Card, Property Tax Receipt, Property Registration Documents

Bank Statements, Utility Bills, Voter's ID Card, Property Tax Receipt, Property Registration Documents

Proof of office address (any one)

Appointment Letter, Employee ID Card, Letter from employer on official letterhead (any one

Appointment Letter, Employee ID Card, Letter from employer on official letterhead (any one

Appointment Letter, Employee ID Card, Letter from employer on official letterhead (any one

Proof of income (any one)

Last 3 months salary slips, appointment letter, certified true copy of Form 16, yearly increment letter

Income Tax Returns for the last 2 years, Registration certificate for business commencement, Business Profile on letterhead

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

Last 6 months bank statements of operative current account and CC/OD facilities (if taken)

Last 6 months details of overseas salary account and Indian NRE/NRO account statements

Other Documents

  • Details of existing loan(s) through bank statements
  • Processing fee cheque issued from the salary account
  • Aadhaar Card
  • Details of existing loan(s) through bank statements
  • Processing fee cheque issued from the business account
  • Aadhaar Card

 

  • 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 the salaried applicant) or the business account (of the self-employed applicant).

Tata Capital Home Loans Repayment Options

The borrower can repay the Home Loan at Tata Capital in affordable EMIs with easy repayment options such as Post Dated Cheques (PDCs) and Electronic Clearance Service (ECS) facility.

ECS facility: ECS or Auto Debit is one of the easiest methods to pay the EMI against the Home Loan taken from Tata Capital. The borrower must sign and submit the auto debit form or ECS mandate to instruct the bank to directly deduct the monthly EMI amount on the fixed date of every month. This will automatically debit the EMI monthly from the borrower's account at Tata Capital.

PDC facility: In the cities where ECS facility is not available, the EMI payment can be done with the help of Post Dated Cheques (PDCs). The borrower has to submit 36 monthly cheques to the Tata Capital and submit fresh cheque prior to the expiry of old ones or when required by Tata Capital.

FAQs on Tata Capital Home Loans

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

As per Indian Income Tax Act of 1961, under the section 24 and section 80C of Income Tax Act, the citizens of India can avail tax benefits on the principal (Up to 1.5 Lakhs) as well as interest amount (Up to 2 Lakhs) of Home Loan repayment.

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 the borrower to 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 does 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 Credit 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.

Who can be my Home Loan co-applicant for Tata Capital housing loan?

Your spouse, children, parent(s), and siblings can be co-applicants for the Tata Capital Home Loan.

How long it takes to get sanction for my Home Loan at Tata Capital?

The turnaround time at Tata Capital is quick. Once your file is received by them, they give you a confirmation through a Sanction Letter issued in your name. Salaried employees get the loan sanctioned within 4-5 days whereas self-employed may get sanction in about 7-8 business days.

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