Tata Capital Housing Finance Home Loan Interest Rates

Tata Capital Housing Finance Limited
4.5

Tata Capital Housing Finance Limited’s home loans are crafted to accommodate homebuyers' every need. The competitive interest rates start at 8.75% pa, and the tenure ranges up to 30 years. Through the various home loan schemes, salaried and self-employed individuals can avail of a loan up to INR 75 lakhs at only 0.5% plus GST as a processing fee.

  • Tata Capital Housing Finance Limited Home Loan Interest Rate

    Home Loan offer for You

  • 8.7% - 12%

    Interest Rate (p.a.)
  • ₹5L - ₹5Cr

    Tenure(1 - 30 Years)
  • ₹2,061 - ₹2,224

    EMI Per Lakh

Check Latest Home Loan Offer From Tata Capital Housing Finance

  • Tata Capital Housing Finance Limited Home Loan Interest RateHome Loan offer for You
  • 8.7% - 12%

    Interest Rate (p.a.)
  • ₹5L - ₹5Cr

    Tenure(1 - 30 Years)
  • Up to 2.75%of the loan amount

    Processing Fee

Compare Tata Capital Housing Finance Home Loan Interest Rates with Other Lenders

Sometimes, choosing the foremost lender isn't enough to crack the best home loan deal. It would be best to make a more informed decision by comparing the available lenders. The following table showcases how Tata Capital Housing Finance's interest rates compare with other lenders. 

  • Starting Interest Rate (p.a)
  • Processing Fee
  • Rating
  • Min. Loan Amount
  • 5 Lac
  • 20 Cr
Years
  • 5
  • 30
%
  • 6
  • 20

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

Tata Capital Housing Finance Interest Rates 2024

Tata Capital Housing Finance Limited (TCHFL) is a company that provides long-term funding for housing purposes. Tata Capital Housing Finance offers a wide range of products, including loans for purchasing and constructing residential units, buying land, home extension loans, and building project finance loans. With TCHFL, you can get competitive Tata Capital Housing Finance interest rates, flexible repayment tenure of up to 30 years, and a hassle-free process with quick approval, making it the perfect choice for fulfilling your housing fund needs.

Tata Capital Housing Finance: Key Highlights

  • Attractive interest rates start from 8.95%.
  • Flexible repayment tenure of up to 30 years.
  • Availability of various home loan schemes. 
  • Quick Approval.
  • Hassle-free process and minimal documentation.

Tata Capital Housing Finance Interest Rates on Loan Schemes 

Tata Capital Housing Finance offers various schemes under the home loan category to cater to versatile client requirements. Before securing a home loan, an individual must decide which home loan scheme fits their current needs best.

Home Loan

Tata Capital's Home Loan is the perfect solution for first-time home buyers, those looking to expand their current homes, or those hoping to live rent-free for life. The financial institution offers quick and easy financing options with attractive interest rates starting at 8.95% and repayment tenure of up to 30 years. With user-friendly tools and calculators, they ensure a seamless home-buying experience. Additionally, Home Loans are available for several purposes, including self-construction, home extension, plot plus self-construction, and buying a fresh purchase in under-construction projects.

Loan Against Property

Tata Capital offers a Loan Against Property, which can help you meet your financial needs, whether expanding your business or financing personal expenses. It provides a range of attractive options with flexible loan tenures and competitive interest rates. You can apply for a loan against your existing property for personal, educational, or business purposes. Additionally, Tata Capital Housing Finance offers loans for the acquisition of commercial property and against future rental receivables. Individuals can also use the loan to consolidate existing loans or extend and enhance homes.

Affordable Home Loan under PMAY Scheme

Tata Capital Housing Finance offers Affordable Housing Finance schemes under the Pradhan Mantri Awas Yojana (PMAY), introduced by the Govt of India. The scheme provides attractive interest rates and a subsidy on home loans to make your dream home affordable. Tata Capital focuses on affordable housing finance in smaller urban cities and semi-rural areas to cater to this segment's rising home demand. An individual with an annual income of INR 6 lakhs or below can easily avail of a subsidy of 6.5 per cent under this scheme.

Construction Finance

Tata Capital Housing Finance Limited provides Construction Finance to Real Estate Developers for projects in specific cities.

Their experienced team of professionals, who understand the industry well, offer customised solutions to meet your needs. They will assist you throughout the process, helping you to choose the right product, loan amount, tenure, moratorium, and repayment options based on the stage, status, and nature of your proposed project.

Additionally, the experts evaluate the real estate project, the developer, and the market conditions to determine the loan size, repayment schedule, asset cover, tenure, interest rate, and fees.

Key Benefits

  • Applicants get customised solutions
  • Efficient and quick processing
  • Attractive home loan interest rates

Tata Capital Housing Finance Interest Rates for Salaried and Self-Employed

Tata Capital Housing Finance offers home loans to both salaried and self-employed applicants. However, the provided Tata Capital Housing Finance interest rates may vary for both categories:

Tata Capital Housing Finance Interest Rates For Home Loans

Category Loan AmountHome Loan Interest Rate
Salaried Up to INR 75 LacsStarting from 8.95%
Self-Employed ProfessionalsUp to INR 75 LacsStarting from 8.75%
Self-Employed Non-ProfessionalsUp to INR 75 LacsStarting from 8.75%

Tata Capital Housing finance Interest Rates For Loan Against Property

Category Type of PropertyHome Loan Interest Rate
SalariedResidential or Commercial9.85%
Self-EMployedResidential or Commercial9.85%

Tata Capital Housing finance Interest Rates for Affordable Housing Loan: PMAY

Category Processing FeesHome Loan Interest Rate
Salaried1% + GSTFrom 10.10% onwards
Self-Employed1% + GST From 10.10% onwards

Tata Capital Housing Finance Interest Rates for Govt Employee

Tata Capital Housing Finance offers home loan schemes to Government employees. However, you don't get an additional advantage in terms of interest rate, but you can expect quick processing and easy approval. The interest rates start from 8.95% onwards.

Tata Capital Housing Finance Interest Rate For Women

Women applicants can also avail of Tata Capital Housing Finance at affordable interest rates from 8.95% onwards. Additionally, these loans are available only for working professionals. For additional benefits, you can count on PMAY housing schemes in which having a woman applicant is essential.

Tata Capital Housing Finance Interest Rate and Other Charges

When you apply for Tata Capital Housing Finance, being familiar with offered interest rates along with other charges is essential.

  • Interest Rate: Starting from 8.95% onwards
  • Processing Fee: 1% + GST

How to Calculate Tata Capital Housing Finance Interest?

To calculate the interest on a Tata Capital Housing Finance loan, you must consider a few factors, including:

  • Loan amount: This is the amount of money you borrow from Tata Capital Housing Finance.
  • Interest rate: This is the rate at which the lender charges interest on your loan amount.
  • Loan tenure: This is the duration of your loan repayment period.

Once you have these details, you can use a home loan EMI calculator available on our website to estimate the interest payable on your loan. This calculator uses a formula that takes into account your loan amount, interest rate, and tenure to determine your monthly EMI (Equated Monthly Instalment) payment, which includes both principal and interest components.

Alternatively, you can also calculate the interest manually using the following formula:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,

  • P = Loan Amount
  • R = Interest Rate per annum
  • N = Loan Tenure 

Why are Tata Capital Housing Finance Interest Rates the Best for Customers?

There are several reasons why Tata Capital Housing Finance interest rates may be considered the best for customers. Here are some possible factors:

  • Competitive rates: Tata Capital Housing Finance may offer competitive interest rates with those of other lenders in the market. Customers can obtain a loan at a lower interest rate than they would with other lenders.
  • Flexible options: Tata Capital Housing Finance may offer various loan options and terms to suit different customer needs. For example, customers can choose from fixed or floating interest rates and may be able to select a loan term that suits their repayment capacity.
  • Easy application process: Tata Capital Housing Finance may offer a streamlined and hassle-free application process that makes it easy for customers to apply for a loan. It further helps the customers save time and effort in securing the financing they need.
  • Transparent policies: Tata Capital Housing Finance may have transparent policies regarding interest rates and other fees, which can help customers make informed decisions about their borrowing.

Tata Capital Housing Finance Interest Rates for Existing Customers

Tata Capital Housing Finance customers have an advantage when it comes to getting their loans sanctioned because they are considered trusted account holders. Additionally, being an account holder may increase their chances of receiving a pre-approved loan quote. Existing customers can also enjoy starting interest rates as low as 8.95%. This means that customers who already have a relationship with Tata Capital Housing Finance may benefit from easier loan approvals and potentially lower interest rates.

Factors that Affect Tata Capital Housing Finance Interest Rate and EMI

Tata Capital Housing Finance home loan interest rates and EMIs are affected by several factors, which customers should be aware of when selecting a suitable policy with a repayment tenure that suits their capacity.

These factors can also be used to negotiate a lower interest rate. A good credit score can positively influence interest rate negotiation, showing responsible repayment behaviour. Additionally, the condition and location of the property can affect the interest rate assigned by the bank.

A stable income source can also lead to a lower interest rate. Interest rates can differ depending on whether they are fixed, floating or mixed rates. Lastly, the loan repayment duration can also influence the interest rate, with longer repayment durations leading to higher interest rates.

Don't miss to Check: Home Loan Interest Rate of All Banks

Frequently Asked Questions (FAQs)

What is the current rate of interest on the Tata Capital Housing Finance home loan?

The current rate of interest on Tata Capital Housing Finance home loan starts from 8.95%. 

Does Tata Capital Housing Finance provide a 90% home loan?

The loan percentage entirely depends on the applicant’s credit profile, property location and property value. 

What is the EMI for a 30 lakhs home loan for 20 years?

To calculate the EMI (Equated Monthly Instalment) for a 30 lakhs home loan for 20 years, we need to know the interest rate offered by the lender. Assuming an interest rate of 7.5% per annum, the EMI can be calculated using the formula, i.e. EMI = (P x R x (1+R)^N) / ((1+R)^N-1). Substituting the values, we get:

EMI = (30,00,000 x 0.00625 x (1+0.00625)^240) / ((1+0.00625)^240-1) = Rs. 23,228 (approximately). Therefore, the EMI for a 30 lakhs home loan for 20 years at an interest rate of 7.5% per annum is approximately Rs. 23,228 monthly.

How can I reduce my Tata Capital Housing Finance home loan interest rate?

You can reduce your Tata Capital Housing Finance home loan interest rate by making a significant down payment towards the loan amount and choosing shorter repayment tenure.

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