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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 home loans extend from Rs. 2 lakhs upto Rs. 5 crores and start at an affordable interest rate of just 8.50%*. You can choose the home loan amount, tenure, and the EMI period as per your convenience. And what’s more is that our home loan processing involves minimum documentation and is easy and seamless. Moreover, our years of experience in the industry make us the reliable home loan provider you have been looking for!
Disclaimer: Home Loans are brought to you by Tata Capital Housing Finance Limited and are at its sole discretion. Terms and conditions apply.
Watch this video to find out more about Tata Capital Home Loans. Owning a home is one of the biggest milestones in life. We at Tata Capital believe in making this possible for everyone through our tailored Home Loans. With us by your side, we will help you unlock the door to your new home.
₹2,00,000 - ₹5,00,00,000
8.50%
A simple, low cost home loan with interest rate starting from 8.50%. So that you can get into your new home sooner!
A simple, low cost home loan with interest rate starting from 8.50%. So that you can get into your new home sooner!
DOWNLOAD OUR DIGITAL LOAN APPLICATION FORM
To facilitate a contactless loan application process, you can download our editable Loan Application Forms* here. Fill in the fields & send it to our Tata Capital Housing Finance Executive.
*To edit the pdf, ensure that you have Adobe Reader Version 11 installed on your device. To download the Instruction Manual, click here.
A home loan, also known as a housing loan is simply the sum of money borrowed from a lender to purchase a home or to construct one. Home loans can also be taken for extension of existing homes. Home loans are available in both fixed and adjustable interest rates, and payment terms. There are several types of home loans available:
For purchase of residential property
For construction of a residential property
For purchase of land
For home expansion
For balance transfer
Loan Amount
Loan amount is the principal amount of money that you are eligible to borrow for your home. The home loan amount that you can borrow will largely depend on your home loan eligibility calculated on the basis of several factors – CIBIL score, employment type, income, among others. To determine your home loan eligibility, all we will need is your documentation proofs.
Loan Disbursal
A home loan amount is said to be disbursed when the amount is transferred to your bank account after checking your eligibility and documentation proof.
EMI Repayments
A month following the day on which you received full loan disbursement, your Equal Monthly Instalment will start. To repay your home loan amount, you need to shell out equal, fixed amounts on a monthly basis to repay your home loan.
Loan Closure
A loan is closed when you pay your EMIs up until your loan tenure, paying off the principal amount and the interest. Generally, home loans are to be paid off within the tenure or term for which they were taken but foreclosure or prepayment of home loans can be made. In case of floating interest rates, no charges will be applicable for prepayment but in case of fixed interest rates, charges may apply.
If you do not prepay your loan, you will have to faithfully pay your EMIs up until your loan tenure is over following which a loan closure will take place. Meaning, your books of home loan will be closed.
Your home loan eligibility will be determined based on the following criteria –
Documents Required for all Home Loan Applicants
The following are the accepted documents for a home loan application. An applicant needs to produce only one/two from each of the following category -
Read on to know more about the Eligibility and Documents required for Home Loan
Since housing loans are generally huge amounts, paying them in EMIs or Equal Monthly Instalments helps in evenly distributing the loan burden. Calculating EMI manually is often confusing as a result of which people often end up with the wrong results. A Home Loan EMI calculator is a simple online tool to instantly calculate the Equal Monthly Instalments that you need to make to repay your home loan. A home loan EMI calculator can give an accurate answer within seconds.
Home is a good investment for your future
Home buying is not just fulfilling your immediate need, but it is also a good investment as the property value increases over the years. Whether it is a plot, home or apartment you want to invest in, it will provide better returns over the course of time. This is one investment that will continue to pay dividends for the rest of your life.
Fix anything that’s broken
Over the years, even the best of homes end up suffering through a little wear and tear. Show your home a little love and fix all the little leaks and creaks through Home Loan.
Upgrade to make it Eco friendly
A lot of home owners now upgrade their homes in an effort to reduce their carbon footprint. With just a few upgrades, you will be setting a great example for your children and neighbours.
Because you deserve a place to express yourself
Your home is where you and your loved ones find a sanctuary away from the hustle of the outside world. Why would you want to compromise on that? Turn your children’s room into a fantasy playground or get yourself more space by adding a room.
You can reach out to us in various ways to apply for a home loan:
You can easily apply for a housing loan online by just filling up your basic details.
Another way to apply for a home loan is to visit one of our country-wide branches and our executives will walk you through the entire process.
Applying for a home loan with Tata Capital is just a phone call away! Simply contact us at 1860 267 6060 and we will guide you through the process.
You can even apply for your home loan with the help of a loan processing virtual assistant.
We offer Home Loans to meet your fund requirements without bothering you with too many formalities other than the statutory requirements as prescribed by law.
Our home loan interest rates are competitive and affordable. We let you tailor everything according to your convenience and ability to repay.
Our Home Loan lets you choose the loan amount, tenure and EMI period for which you need the loan.
The Pradhan Mantri Awas Yojana or PMAY scheme is a Credit Linked Subsidy Scheme (CLSS) introduced by the Central Government to provide affordable ‘Housing for All’ by the 31st of March 2022. Under this first-of-its-kind initiative, affordable housing is provided for Economically Weaker Sections (EWS), Lower-Income Groups and Middle-Income Groups (MIGs) of the society.
Watch this video to find out more about Tata Capital Home Loans. Owning a home is one of the biggest milestones in life. We at Tata Capital believe in making this possible for everyone through our tailored Home Loans. With us by your side, we will help you unlock the door to your new home.
Maximum of 30 years is provided to repay a loan. This is subject to retirement age of the borrower or 65 years in the case of self-employed applicant.
Our interest rates begin from 8.50% and are highly competitive. We offer concessional interest rates to women beneficiaries. Additionally, we provide subsidized home loans to low income groups under PMAY subsidy.
Home loans serve the primary purpose of purchasing a property or facilitating the construction of one for home buyers. Different types of home loans are taken for different purposes such as –
A co-applicant in a home loan is an individual who will be equally responsible to repay the home loan just as the main borrower. He or she has to apply for the home loan along with the main borrower. Lenders will take the co-applicant’s income and credit standing into consideration as well.
Home loan co-applicants can only be immediate family members or blood relatives. Up to six co-applicants are permitted per home loan application. The following can be co-applicants in a joint home loan –
The time taken for the sanctioning of home loans varies depending upon whether you are a salaried individual, self-employed individual or entrepreneur. Typically,
Tax benefits on home loans may be availed during filing of annual income tax returns. Home loan borrowers are eligible for tax benefits on home loan as per Section 80 C of the Income Tax Act. The following tax benefits can be availed by home loan borrowers -
If your home loan interest rate hikes, you can reduce your housing loan tenure in the following ways –
If you wish to reduce your home loan tenure, visit the nearest loan-serving branch. Once the EMI has been changed, submit new Electronic Clearance Service (ECS) mandate/Post-Dated cheques with the updated EMI amount to get your home loan tenure reduced.
Home loan is taken for a property whereas a mortgage loan is taken against a property - For a home loan, an applicant borrows money from a lending institution at a given interest rate for buying, constructing, or upgrading of a property.
For a mortgage loan, financial institutions or lenders extend the mortgage by securing a property. So, though the property is considered to be the collateral for the loan amount, it is the lending institution that is the actual owner of the property till full loan repayment.
A fixed interest rate is completely market independent whereas a floating interest rate varies throughout the loan tenure based on changes in the market forces. With Tata Capital, you get the flexibility to opt for Fixed Rate Home Loan or Home Equity Loan for the initial three years of your home loan tenure following which there will be an automatic change to floating interest rates for the rest of the tenure.
Yes, it is possible for you to prepay your home loan, either in part or in full, keeping the following in mind –
Yes, you can take a joint home loan to increase your home loan eligibility. In case of a joint home loan, the income and credit standing of the co-applicant will also be taken into consideration. You can take a joint home loan with the following –
Basically, anybody who makes up your immediate family is eligible for becoming a co-applicant.
Home Extension Loans are loans that can be availed by individuals wishing to make any structural changes in their existing housing space or are planning to extend their living space.
Working in line with the Government’s PMAY scheme or Pradhan Mantri Awas Yojana, Affordable Housing Loans are granted to the economically weaker sections of the society, SCs and STs, as well as women who belong to the peripheral regions of the Metros, Tier I, Tier II, and Tier III cities.
Own a home in India, without any hassles. With a wide range of home loan amounts to choose from, flexible repayment options, minimum paperwork, and home assistance tools to guide your every step; we pave the way to your home sweet home.
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