Personal Loans at Tata Capital are unique and flexible. We offer quick and easy finance at competitive interest rates. Our Personal Loan is built around your needs. Who says you can’t have it easy? With us, all it takes is a click.
Need instant cash for those unexpected needs? Tata Capital offers Personal Loan Overdraft facility with the flexibility to withdraw funds as per your need and pay interest only on the utilized amount.
A marriage today comes with its fair share of frills, thrills and not to mention - Bills. A Personal Loan for Wedding enables you to pay for anything related to your special day. We help you find a loan that fits your budget in a timely manner and make your fairy-tale wedding come to life.
In times of emergency, getting funds should be a hassle free experience. Tata Capital,s Medical Loan provides flexible repayment options for all cosmetic, medical and dental procedures. With us, you can rest easy knowing your medical expenses are covered.
Tata Capital offers Education Loans to help students pay their tuition fees and living cost when they are looking to take the next steps in their education, both in India and abroad.
Want to fund your vacation but falling short on funds? An EMI based Travel loan can be an ideal way to pay for a holiday that you can’t quite cover in one go. Head off on your next adventure. Our Travel Loan is simple, easy and fast!
Thinking of revamping your home? We help you do just that with our Personal Loan for Home Renovation. Whether you want to remodel your kitchen or turn your children’s bedroom into a magical fairy land, our Home Renovation Loan facility will help in giving your home a new look.
If you’re a first-time home buyer, looking to expand your existing home, or just thinking to live rent-free for all your life, Tata Capital's Home Loan is the ideal solution to all your home loan requirements. Our Home Loans are quick and easy and are available at an attractive interest rate.
As the years go by and your family continues to grow, does your house feel smaller? Tata Capital’s Home Extension Loan is a perfect solution to help you give your family that additional space they deserve.
Every person deserves a home to call their own. With this vision and under the Pradhan Mantri Awas Yojana Scheme, Tata Capital Housing Finance offers affordable home loans at competitive interest rates.
The PMAY is a Government backed Credit Linked Subsidy Scheme (CLSS) wherein the mission is to provide affordable housing for all by the year 2022. The PMAY scheme offers its beneficiaries with subsidy, where the Pradhan Mantri Awas Yojana interest rate is charged at a subsidised or reduced rate than regular housing loans. This is done to make it possible for everyone to afford a home.
Whether you want to revamp your business, launch a new store, buy new machinery, increase working capital or outperform your competitors. Tata Capital Unsecured Business Loans offer you customised loans to suit your business plan.
Opting for a Used Car Loan is a smart, value-for-money purchase. Tata Capital offers Used Car Loans upto Rs. 50 lakhs for a wide collection of cars ranging from hatchbacks & SUVs to premium sedans. Your favourite car is just a click away.
Nothing matches the thrill of owning your brand new bike. Tata Capital offers Two Wheeler Loans for you to own the bike of your choice. We offer up to 100% funding on your new motorcycle or scooter.
As one of the leading Indian Investment Managers, Tata Asset Management Limited understands that managing wealth is as important as the creation of it.
View their range of investment solutions for financial planning & wealth creation.
A better and more comfortable lifestyle is now within your reach. Tata Capital’s Consumer Durable loan covers 100 + lifestyle products from that giant TV to the home theatre system. We offer 0% interest on most of the consumer durable products and are the one-stop solution for your every needs.
With Loan Against Securities (LAS) from Tata Capital, you can unlock the potential of your investments. All you have to do is pledge your equity shares, mutual funds, bonds or securities and get access to instant liquidity. We offer LAS with zero foreclosure and prepayment charges.
At Tata Capital, we understand your insurance needs and offer Insurance policies that provide protection against any unforeseen risks. Tata Capital has solutions to cater to your various needs - you can avail any of the Online Insurance policies with just a few clicks!
As one of the leading Indian Investment Managers, Tata Asset Management Limited understands that managing wealth is as important as the creation of it.
View their range of investment solutions for financial planning & wealth creation.
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. 5 lakhs upto Rs. 5 crores and start at an affordable interest rate of just 6.90%*. 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.
PLANNING TO TAKE A LOAN?
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.
Tata Capital Home loans allows you to do much more than just buy a property – purchase a plot of land for construction, home extension, balance transfer and much more!
Attractive Home Loan Interest Rates
A simple, low cost home loan with interest rate starting from 6.90%. So that you can get into your new home sooner!
Highest Home Loan Eligibility
Why settle for less when you are deciding on your home? Take advantage of the home loan eligibility calculator. Calculate your housing loan eligibility in seconds.
Easy Repayment
We make home buying easy, from the first click to turning the key. You can start your repayment tenure with lower EMI’s and pay more as your income grows.
Wide Range of Home Loans
Tata Capital Home loans allows you to do much more than just buy a property – purchase a plot of land for construction, home extension, balance transfer and much more!
Attractive Home Loan Interest Rates
A simple, low cost home loan with interest rate starting from 6.90%. So that you can get into your new home sooner!
Highest Home Loan Eligibility
Why settle for less when you are deciding on your home? Take advantage of the home loan eligibility calculator. Calculate your housing loan eligibility in seconds.
Easy Repayment
We make home buying easy, from the first click to turning the key. You can start your repayment tenure with lower EMI’s and pay more as your income grows.
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.
Loan Application Form
Additional Facility Application Form
*To edit the pdf, ensure that you have Adobe Reader Version 11 installed on your device. To download the Instruction Manual, click here.
What is a Home Loan?
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
How Does a Home Loan Work?
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.
Salaried employees must have a minimum salary of Rs. 30,000 and at least two years of work experience
Self-employed individuals must have at least three years of work experience in their current field
In case of NRIs or Non-Resident Indians; they should be salaried individuals having at least three years of work experience
What are the Documents Required to Apply for a Home Loan?
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 -
Age Proof – Valid Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card, School Leaving Certificate
Photo Identity Proof – Voter ID Card, Valid Passport, Driving License, Aadhar Card, PAN Card
Address Proof – Utility Bills, Bank Statements, Property Registration Documents, Property Tax Receipt, Voter ID Card
Business Proof – Registration Certificate for Commencement of Business, your Business Profile on letter head, copy of the last two years’ Income Tax Returns
Income Proof – Last six months’ operative current account statement, copy of the last three years’ P/L Projection Statement, Bank Statements for the last six months of CC, OD facilities (if taken)
Existing Loan Details – to be provided via bank statements
Processing Fee Cheque – to be issued from your business account
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.
4 reasons why you deserve a Home Loan
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 easily apply for a housing loan online by just filling up your basic details.
Visiting our Branch
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.
Through the phone
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.
Through a Virtual assistant
You can even apply for your home loan with the help of a loan processing virtual assistant.
Application Process
Online Application
You can apply for a home loan by just filling up your basic details.
Document Submission
Post receiving your home loan eligibility, furnish the required documents to take your application ahead.
Verification
We will verify your home loan application & submitted documents
Inspection of Property
Our expert visits the premises and property you intend to purchase.
Approval
Post approval, the loan is sanctioned.
Disbursal
Receive the required home loan in your bank account - it's that simple!
5 reasons why we are the right fit for you and your home
We care about you
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.
We offer attractive Home Loan interest rates
Our home loan interest rates are competitive and affordable. We let you tailor everything according to your convenience and ability to repay.
We’re flexible
Our Home Loan lets you choose the loan amount, tenure and EMI period for which you need the loan.
We are not going to make you run around
We only ask for minimal documentation to process your application. We just need some mandatory information like the source of your income and the purpose for the housing loan.
We’ve been in the industry for a long time
This means we understand your needs and we will tailor our services to your needs. If you look good, we look good too.
What is the Pradhan Mantri Awas Yojana (PMAY Scheme)?
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.
PLANNING TO TAKE A LOAN?
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.
Our interest rates begin from 6.90% 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,
For salaried individuals, home loans can be sanctioned within 4 to 5 business days
For self-employed individuals, it may take around 7 to 8 business days to get home loan sanctioned
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 -
Deduction for Interest Paid on Housing Loan - The interest portion of the EMI paid for home loan in the year can be claimed as a deduction from your total income. This amount must not exceed a maximum of Rs 2 lakhs as per Section 24
Deduction on Principal Repayment - The Principal portion of the home loan EMI paid for the year is allowed as deduction under Section 80C. The maximum amount that can be claimed is up to Rs 1.5 lakh. However, to claim this deduction, the house property should not be sold within 5 years of possession.
Additional Deduction under Section 80 EEA – 2019’s Budget has introduced additional deduction under Section 80EEA for home buyers for maximum up to Rs 1,50,000, provided the stamp value of the property does not exceed Rs 45 lakhs. The loan must have been sanctioned between 1 April 2019 and 31 March 2020 to avail this benefit.
If your home loan interest rate hikes, you can reduce your housing loan tenure in the following ways –
Increasing your EMI
Making a part pre-payment of your housing loan, or
A combination of both the ways mentioned above
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, 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 –
Your spouse
Your parents
Your children
Your siblings
Basically, anybody who makes up your immediate family is eligible for becoming a co-applicant.
Find the right loan for you
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.
Home Extension Loan
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.
Affordable Housing Loan
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.