Tata Capital Housing Finance Limited has home loans starting at 8.70% per annum for up to 30 years and up to Rs 5 crore. They offer special loans for affordable housing to low and middle-income groups. Government employees, self-employed individuals, and women can also get special schemes for buying or building homes.
Tata Capital Home Loan Highlights |
|
|---|---|
| Interest Rate | 8.70% p.a. onwards |
| Processing Charges | Up to 0.50% + GST |
| Loan Amount | Rs 5 lakh - Rs 5 crore |
| Tenure | Up to 30 years |
| Minimum Monthly Income | Rs 30,000 |
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
|---|---|---|---|---|
| SBI Bank | 8.40% - 10.15% p.a. | 8.40% - 10.05% p.a. | 8.40% - 10.05% p.a. | Apply Now |
| HDFC Bank Limited | 8.40% p.a. onwards | 8.40% p.a. onwards | 8.40% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.60% p.a. onwards | 8.60% p.a. onwards | 8.60% p.a. onwards | Apply Now |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.35% - 10.35% p.a. | 8.35% - 10.55% p.a. | 8.35% - 10.75% p.a. | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50% - 11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards | Apply Now |
| Axis Bank | 8.70% - 13.30% p.a | 8.70% - 13.30% p.a | 8.70% - 9.10% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Also read: Best Home Loan in India
Tata Capital Home Loan interest rates begin at 8.70% per annum. While the lender hasn't mentioned specific interest rates based on factors like credit score, employer’s profile, repayment history, job profile, or monthly salary, they might consider these factors similar to other lenders when determining interest rates.
| Applicant Type | Interest Rate (p.a.) |
|---|---|
| For Affordable Housing Applicants | 10.10% p.a. onwards |
| For Self-Employed Individuals | 8.85% p.a. onwards |
| For Salaried Individuals | 8.70% p.a. onwards |
Tata Capital Home Extension Loan
Purposes: Tata Capital Housing Finance gives Home Extension Loans to people who want to expand their current homes.
Loan Amount: Rs 2 lakh-Rs 5 crore
Tenure: Up to 30 years
Tata Capital Home Loan Balance Transfer
Purposes: People who already have home loans from other banks or housing finance companies can switch to Tata Capital Home Loans through their Balance Transfer facility. This lets them move their existing home loan to Tata Capital, often at lower interest rates.
Tata Capital Home Loan Top-up
Purposes: Tata Capital Housing Finance provides a Home Loan Top-up facility to its current home loan customers. This means borrowers can get extra funds on top of their existing home loans.
Tata Capital Home Loan Overdraft
Purposes: Tata Capital provides a Home Loan Overdraft facility to its existing home loan customers. This allows borrowers to access funds for personal or business needs. They can withdraw money from the linked overdraft account within the approved limit and repay based on their cash flow. Interest is charged only on the withdrawn amount until repayment.
Loan Amount: Rs 5 lakh-Rs 2 crore
Tenure: Up to 15 years
Tata Capital Affordable Housing Loan
Purposes: The Tata Capital Affordable Housing Loan Scheme is designed specifically for low and middle-income groups to help them buy their own homes.
Loan Amount: Rs 2 lakh onwards
Tenure: Up to 30 years
Tata Capital Home Loan for Self-Construction
Purposes: Customers have the option to use Tata Capital Home Loan for Self-Construction, allowing them to build their homes on plots they already own.
Loan Amount: Rs 5 lakh-Rs 5 crore
Tenure: Up to 30 years
Tata Capital Home Loan for Women
Purposes: Tata Capital Housing Finance offers Home Loans specifically designed for women, whether they work outside the home or are homemakers. This loan option helps them finance the purchase or construction of their houses.
Loan Amount: Rs 5 lakh-Rs 5 crore
Tenure: Up to 30 years
Tata Capital Home Loan for Government Employees
Purposes: Central and State government employees can benefit from Tata Capital's Home Loan for Government Employees, which is available for purchasing or constructing their houses.
Loan Amount: Rs 5 lakh-Rs 5 crore
Tenure: Up to 30 years
Tata Capital Home Loan for Self-employed
Purposes: Self-employed individuals have the opportunity to access Tata Capital's Home Loan for Self-employed, enabling them to purchase or construct their houses.
Loan Amount: Rs 5 lakh-Rs 5 crore
Tenure: Up to 30 years
Also Read : Best Home Loan EMI Calculator
| Charges | Charges Applicable (exclusive of GST) |
|---|---|
| Processing Fees | 0.50% of loan amount |
| Legal charges | On Actuals |
| Collection agency | On Actuals |
| Foreclosure charges | No charges on paying off loan through own fund |
| Delayed EMI payments | 2% over the prevailing rate will apply for the period of delay |
Also read: Best Home Loan Fees and Charges
Tata Capital assesses Home Loan eligibility based on the applicant's job profile, credit score, monthly income, and work experience. The eligibility criteria set by Tata Capital Housing Finance include:
- Minimum age: 24 years
- Maximum age: 65years
- Indian Residents/NRIs/PIOs
- Job Profile: Salaried or Self Employed
- CIBIL/Credit Score: 750 and above
- Minimum Monthly Income: Rs 30,000 for salaried
- Work Experience: Minimum 2 years for salaried applicants, 3 years for self-employed
Eligibility Criteria for Tata Capital Affordable Housing Loan
- The applicant should not have previously received central assistance under any State or Central Government housing scheme.
- The applicant should not own a permanent structure (pucca house) registered in their name anywhere in the country.
- If married, both spouses are eligible for a single Affordable Housing Loan in joint ownership.
Also Read : Best Home Loan Eligibility
Here is the detailed list of documents required to avail Tata Capital Home Loan:
For Salaried Individuals:
- Processing fee cheque issued from the salary account
- Bank statements or loan statements for existing loan details
- ID Proof: Voter ID, PAN card, Driving License, Passport, Aadhar Card
- Age Proof: Passport, Birth Certificate, Life Insurance Policy, Driving License, PAN card, School Leaving Certificate
- Address Proof: Property Tax Receipt, Voter ID, Utility Bill, Property Registration Documents, Bank Statement
- Income Proof: Salary slips for the past 3 months, bank statements of the salary account for the past 6 months, yearly increment letter, appointment letter, Form 16
For Self-employed Individuals:
- Processing fee cheque issued from the business account
- Details of existing loans provided through loan statements or bank statements
- ID Proof: Voter ID, PAN card, Driving License, Passport, Aadhar Card
- Age Proof: Passport, Birth Certificate, Life Insurance Policy, Driving License, PAN card, School Leaving Certificate
- Business Proof: Income Tax Returns for the last 2 years, business profile on a letterhead or Business Registration Certificate
- Address Proof: Property Tax Receipt, Voter ID, Utility Bill, Property Registration Documents, Bank Statement
- Income Proof: Current bank account statement for the last 6 months, Profit and Loss Projection Statement for the last 3 years, bank statement of CC/OD facilities (if taken) for the past 6 months
Also Read : Best Home Loan Documents Required
1. What is the minimum credit score required to avail Tata Capital Home Loan?
Tata Capital typically looks for home loan applicants with credit scores of 750 and above.
2. How can I apply for Tata Capital Home Loan online?
You can go to Tata Capital's official website and fill out their online home loan application form. Or, you can click here to apply for a home loan online with Tata Capital. You can also compare home loan interest rates from different top lenders based on your credit profile.
3. Can I foreclose my home loan availed from Tata Capital?
Yes, you can pay off your home loan early with Tata Capital without incurring any prepayment charges.
Also read: Best Home Loan Balance Transfer
4. Who can be my co-applicants for Tata Capital home loan?
Your spouse, children, parents, and siblings can join you as co-applicants for your Tata Capital Home Loan.
5. Can I cancel the sanctioned home loan from Tata Capital?
Yes, you can cancel the approved home loan. However, the processing fee paid during the loan application will not be refunded. If you decide to cancel the home loan after receiving the sanction letter, you will need to communicate your decision to the lender. It's essential to complete this process before the loan disbursal.