Tata Capital Housing Finance Limited Home Loan
Tata Capital's Home Loan offerings are tailor-made for purchasing a home or constructing one. We also offer to transfer your Home Loan balance. Tata Capital housing loans extend from Rs. 5 lakhs up to Rs. 5 crores and start at an affordable interest rate of just 7.75%*. You can choose the Home Loan amount, tenure, and the EMI period as per your convenience. And what's more is that our housing loan processing involves minimum documentation and is easy and seamless. Moreover, our years of experience in the industry make us one of the best home loan providers you have been looking for!
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Check Tata Capital Housing Finance Limited Home Loan Eligibility
Features and Benefits of Tata Capital Housing Finance
- Tata Capital Housing Finance provides a wide range of facilities, not just for buying a property but also purchasing a plot of land for construction, home extension, balance transfer and much more.
- It offers simple and flexible loans with attractive interest rates starting from 6.85% only.
- The Tata Capital Housing Finance home loan eligibility calculator helps you check your eligibility in seconds.
- It provides you flexible repayment options so that you can move into your dream adobe in no time.
Tata Capital Housing Finance Overview
Tata Capital Housing Finance Limited tailors house financing solutions at competitive interest rates. With minimal formalities and paperwork, Tata Capital Housing Finance Limited brings borrowing experience at your comfort.
- Affordable interest rates starting from 6.85%
- Super quick processing and swift disbursal of funds.
- Flexible EMI plans and repayment options
Tata Capital Housing Finance Eligibility Criteria
The basic eligibility criteria laid by Tata Capital Housing Finance for home loans are:
- You should be between the ages of 24 to 65 (at the time of completion of your home loan).
- You should be a salaried individual or a self-employed professional.
- You should maintain a CIBIL score of more than 750.
|A minimum salary of Rs. 30,000 per month||Minimum work experience of 2 years|
- For self-employed individuals or entrepreneurs, a minimum of 3 years of experience in their respective fields is required.
|The individual must be of the age of 25-65 years.||Must be a salaried individual with at least three years of work experience.|
Tata Capital Housing Finance Fees and Charges
|Category||Fees and Charges|
|Processing Fees||0.5% on Loan Amount + GST|
|Foreclosure||No charges for paying off your loan before the end of the term with your own funds only.|
|Delayed EMI Payments||A charge of 2% over the housing loan interest rate will be applicable for the period of delay.|
|Collection Agency||A percentage of the total amount owed is collected. It is charged on actuals.|
|Legal Charges||This fee can vary depending on the lending institution. It is charged on actuals.|
Types of Home Loans by Tata Capital Housing Finance
|Tata Capital Home Loan||
|Tata Capital Home Extension||
|Affordable housing loan under PMAY Scheme||
Tata Capital Housing Finance Limited Interest Rates
|Housing Loan Schemes||Interest Rates|
|Home Loan||6.60% p.a. onwards|
|Home Extension Loan||8.50% p.a. onwards|
|Affordable Housing Loan||10.10% p.a. onwards|
Factors Affecting Home Loan Interest Rates
Take heed of these factors that might affect the Tata Capital Housing Finance home loan interest rates.
The CIBIL Score
A CIBIL score is a numerical representation of your ability to repay the credit. It is an important factor that is taken into consideration by lending organisations during verification of home loan applications. A higher CIBIL score, preferably 750 and above, gives you an added advantage of getting a loan at lower interest rates.
While loan processing, the lending organisation considers your income to evaluate your financial stability. The greater your income, the more flexible will be the interest rate charged. You can also apply with a co-applicant. By pooling your incomes together, you can easily qualify for a low-interest home loan.
The lending organisation checks your debt-income ratio to review your ability to pay off any additional debts. In case most of your income is going into repayment of debts, then a higher interest rate will be charged.
With a stable job and income, and a reliable employer, the lender is assured of your repayment capacity. This highly affects your interest rate.
Documents Required for Processing of Tata Capital Housing Finance Home Loan
Check out the documents required for the successful application and processing of Tata Capital Housing Home Loan.
|Income Proof||Your salary account bank statement for the last 6 months.|
|Processing Fee Cheque||To be issued from the salary account for salaried customers or the business account in case of self-employed.|
|Existing Loan Details||Existing loan details should be provided through bank statements.|
Self Employed/ Entrepreneurs
|Existing Loan Details||All existing loan details to be provided via bank statements|
Non-Resident of India (NRIs)
|Income Proof||Overseas salary account details of the last six months|
|Processing Fee Cheque||For salaried customers, to be paid from the salary account. For self-employed, processing fees to be paid via the business account.|
|Credit Report||NRI applicants should submit a Credit Report of their current country of residence (wherever it is applicable as per Tata Capital norms.)|
|Existing Loan Details||Existing loan details should be provided through bank statements.|
How the EMI Calculation Works for Tata Capital Home Loan?
Tata Capital Housing Finance provides you with an EMI calculator. The calculator uses the below formula to calculate a home loan EMI.
EMI = [P x R x (1+R) ^N]/ [(1+R) ^N-1]i.e.
EMI = Equated Monthly Instalment
P = Principal Loan Amount
R = Monthly Interest Rate
N = Number of Monthly Instalments
How Does Tata Capital Housing Finance Compare with Other Lenders?
|Name of Lender||Up to 30 Lakh||Above 30 Lakh and up to 75 Lakh||Above 75 Lakh|
|Tata Capital||6.85 onwards||6.85 onwards||6.85 onwards|
|State Bank of India||6.65-7.65||6.65-7.65||6.65-7.65|
|Kotak Mahindra Bank||6.60 onwards||6.60 onwards||6.60 onwards|
|PNB Housing Finance||6.75-12.00||6.75-12.00||6.90-9.75|
|Punjab National Bank||6.55-7.95||6.50-7.65||6.50-7.60|
|Bank Of Baroda||6.75-8.25||6.75-8.25||6.75-8.50|
|Union Bank of India||6.60-7.60||6.60-7.65||6.60-7.65|
|IDFC First Bank||6.50 onwards||6.50 onwards||6.50 onwards|
|L&T Housing Finance||6.75 – 7.75||6.75 – 7.75||6.75 – 7.75|
|Bajaj Housing Finance||6.65 onwards||6.65 onwards||6.65 onwards|
|LIC Housing Finance||6.70 – 7.85||6.70 – 8.05||6.70 – 8.05|
Balance Transfer of Tata Capital Housing Finance
Tata Capital Housing Finance offers home loan transfer where the entire outstanding principal amount of home loan is transferred from an existing lender to a new one offering a lower rate of interest. With Tata Capital Housing Finance Balance Transfer, you will be offered the lowest interest rates starting from 6.85% p.a. You will be provided a home loan top up at relatively lower interest rates to help you meet such additional needs with ease.
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Tata Capital Housing Finance Limited's Other Products
Home Loan By Other Banks
- Axis Bank Home Loan
- Bank of Baroda Home Loan
- ICICI Bank Home Loan
- HDFC Bank Home Loan
- Bajaj Finserv Home Loan
- IndiaBulls Home Loan
- Canara Bank Home Loan
- Union Bank of India Home Loan
- CITI Bank Home Loan
- YES Bank Home Loan
- DHFL Home Loan
- Federal Bank Home Loan
- IndusInd Bank Home Loan
- State Bank of India Home Loan
- Punjab National Bank Home Loan
- IDFC FIRST Bank Home Loan
- Hero FinCorp Home Loan
- IDBI Bank Home Loan
- Kotak Bank Home Loan
- Poonawalla Fincorp Limited Home Loan
- Ujjivan Small Finance Bank Home Loan
- Muthoot Finance Ltd Home Loan
- Piramal Housing Finance Home Loan
- Fullerton India Home Loan
- Punjab National Bank Housing Finance Home Loan
- Reliance Bank Home Loan
- RBL Bank Home Loan
- Standard Chartered Bank Home Loan
- Housing Development Finance Corporation Home Loan
- IIFL Finance Home Loan
- Godrej Housing Finance Home Loan
- Home First Finance Company Home Loan
- DCB Bank Home Loan
- Edelweiss Financial Services Home Loan
- Vastu Housing Finance Home Loan
- Indian bank Home Loan
- Bank of India Home Loan
- Aditya Birla Finance Limited Home Loan
- HDFC Sales Home Loan
- Aadhar housing Finance Home Loan
- Capri Global Home Loan
- Capital First Ltd. Home Loan
- L&T Finance Home Loan
- Bank of Maharashtra Home Loan
- LIC Housing Finance Home Loan
- Punjab & Sind Bank Home Loan
- Cholamandalam Finance Home Loan
- Deutsche Bank Home Loan
- Clix Capital Home Loan
- HSBC Home Loan
- Hero Housing Finance Home Loan
From refinancing to reducing your interest, we have the answers right here.
What is the minimum time period given for repayment?
The minimum time period given to repay your loan is 30 years. (Subject to the retirement age of the borrower or 65 years in the case of self-employed.)
What is the interest rate of the home loan?
The interest rate starts from 6.85% and is flexible. A concession on interest rates is offered to women applicants as well. They also provide subsidised home loans under the PMAY Scheme for low income groups.
What is the maximum and minimum loan amount that Tata Capital Housing finance offers?
Tata Capital Housing Finance offers home loans starting from ₹5 lakhs to ₹5 cores.
Does Tata Capital Housing Finance check the CIBIL Score before processing the loan?
Yes, they check the CIBIL Score and it is suggested that you maintain your CIBIL score above 750.
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