TATA Capital Home Loan
TATA Capital offers easy and affordable home loans to help you buy your dream home. The interest rate starts at 7.75% per year. You can borrow up to Rs. 5 crore for any type of home, from small apartments to big houses. You can repay the loan over 30 years, making monthly payments easier. The processing fee is up to 0.5% of the loan amount plus taxes. With low rates, high loan limits, and flexible repayment options, TATA Capital makes it simple and convenient for anyone to get a home loan.
| Loan Type | Starting Interest Rate (p.a.) |
|---|---|
| Standard Home Loan | 7.75% |
| Home Improvement/Extension | 7.75% |
| Affordable Housing Loan | 10.10% |
Compare Home Loan Interest Rates Across Different Banks
| SBI Home Loan | 7.25% p.a. to 10.50% p.a. |
| HDFC Home Loan | 7.75% p.a. onwards |
| PNB Housing Finance | 7.70% p.a. to 11.45% p.a. |
| Axis Home Loan | 8.35% p.a. to 9.35% p.a. |
| Union Bank of India Home Loan | 8.60% p.a. onwards |
| Bank of Baroda Home Loan | Floating rate: 7.45% to 9.20% per year, Fixed rate: 9.15% to 10.20% per year. |
| LIC Home Loan | 7.50% p.a. onwards |
| Kotak Mahindra Bank Home Loan | 7.99% p.a. onwards |
| Central Bank of India Home Loan | 7.35% p.a. onwards |
| Aditya Birla Housing Finance | Salaried: 8.80%–14.00% p.a. & Self-employed: 9.10%–14.75% p.a. |
| HSBC Home Loan | 7.70% p.a. onwards |
| Standard Chartered Bank Home Loan | Starting from 8.95% p.a. |
| TATA Capital Home Loan | 7.75% p.a. onwards |
| YES Bank Home Loan | 9.00% - 11.50% p.a. |
| IDBI Home Loan | 7.65% p.a. onwards |
| Bandhan Bank Home Loan | 8.14% p.a. onwards |
| Federal Bank Home Loan | 8.75% p.a. onwards |
| South Indian Bank Home Loan | 8.30% p.a. onwards |
Tata Capital Home Loan Schemes
Tata Capital offers home loans ranging from ₹5 lakh to ₹7.5 crore, with competitive interest rates starting at 7.75% per annum. Borrowers can choose between fixed and floating interest rates and have the option to reduce the loan tenure during repayment. A fee of 0.5% of the loan amount will be charged for processing. Whether you are purchasing a new property or refinancing an existing loan, Tata Capital ensures a smooth and efficient loan process.
Tata Capital Home Extension Loan
Designed for homeowners looking to expand, renovate, or modify their existing property, the Home Extension Loan allows borrowing from ₹2 lakh up to ₹5 crore with interest rates starting at 7.75% per annum. The processing fee varies according to the loan amount. The loan features simple documentation, flexible EMI plans, and potential tax benefits of up to ₹30,000 on interest paid annually.
Affordable Housing Loan under PMAY Scheme
Tata Capital also provides home loans under the Pradhan Mantri Awas Yojana (PMAY) for lower- and middle-income families, making housing more accessible.
- Loan Amount: Starting from ₹2 lakh
- Interest Rates: From 10.10% per annum, with government subsidies starting at 3%
- Processing Fee: 1% of the loan amount along with any extra fees
- Eligibility: Household income between ₹3 lakh and ₹18 lakh
Full legal verification of the property is included, ensuring a secure and reliable borrowing experience for eligible families.
Tata Capital’s home loan products combine affordability, flexibility, and convenience, making them an ideal choice for homebuyers and property owners seeking reliable financial solutions.
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Tata Capital Home Loan Eligibility Criteria
- Age: Applicants must meet the minimum and maximum age requirements set by Tata Capital.
- Employment:
- Home Loan: Salaried individuals and entrepreneurs can apply.
- Home Extension Loan: Available for salaried professionals and business owners.
Documents Required for Home Loan Applications
| Category | Documents |
|---|---|
| Age & Identity Proof | Passport, Driving License, PAN Card, Birth Certificate, Voter ID Card, Life Insurance Policy, School Leaving Certificate |
| Address Proof | Passport, Driving License, Aadhar Card, PAN Card, Utility Bills, Bank Statements |
| Property Documents | Property Registration Documents, Property Tax Receipt, Voter ID Card |
| Income Proof for Salaried Individuals | Salary slips for last 3 months, Appointment/Increment Letter, Latest Form 16, Bank statements showing salary credits for last 6 months |
| Income Proof for Self-Employed Individuals | Balance Sheet & Profit/Loss statements for last 3 years, Current account statement for last 6 months, Bank statements for CC/OD facilities if availed |
| Other Documents | Business proof for self-employed (IT Returns last 2 years, Business Profile, Business Registration Certificate), Loan account statement for ongoing loans, Filled loan application form with passport-size photos, Processing fee cheque from borrower’s account |
Note: Tata Capital ensures a simple and transparent process, making it easy for eligible individuals to apply for home loans or home extension loans.
Who is eligible to apply for a Tata Capital home loan?
You can apply if you want to buy a new home, purchase a plot to build a house later, renovate your existing property, or extend/add to your current home.
What is the maximum loan tenure, and can it be shortened?
The loan can be repaid over a period of up to 30 years. You can reduce the tenure by making prepayments or increasing your EMIs.
Can I choose a fixed-rate loan?
Yes, you can opt for a fixed-rate home loan for the first three years. After this period, it converts to a floating rate with your approval.
Who can be a co-applicant?
Immediate family members such as your spouse, parents, children, or siblings can be co-applicants. Co-owners of the property must be co-applicants, but co-applicants don’t need to be property owners.
What are the repayment options?
You can pay your EMIs through electronic clearance services (auto-debit) or post-dated cheques.
How much time is needed for a home loan to get approved?
For salaried applicants, approval usually takes 4–5 days. For self-employed applicants, it may take 7–8 days. Once approved, you will receive a loan sanction letter confirming your eligibility.
How can I get my home loan statement?
Your loan statement and Provisional Interest Certificate can be accessed via the Tata Capital customer portal using the login details provided in your welcome letter.
Is the processing fee refundable?
No, the processing fee is a one-time charge for processing the loan and is non-refundable, even if your application is rejected.