All you need to know
Personal loan for all your needs
Check Your Credit Score
Higher credit score increases the chances of loan approval. Check your CIBIL score today and get free insights on how to be credit-worthy.
Check Credit ScoreHome Loan with instant approval starting
@ 8.75% p.a
All you need to know
Home Loan for all your needs
Calculators
Business loan to suit your growth plan
All you need to know
Business loan for all your needs
Looking for Secured Business Loans?
Get secured business loans with affordable interest rates with Tata Capital. Verify eligibility criteria and apply today
Know MoreExplore Used Car Loans
Explore New Car Loans
Explore Two Wheeler Loans
Calculators
Avail Loan Against Securities up to ₹40 crores
All you need to know
Explore Loan Against Securities
Calculators
Check Your Credit Score
Higher credit score increases the chances of loan approval. Check your CIBIL score today and get free insights on how to be credit-worthy.
Check Credit ScoreAvail Loan Against Property up to ₹ 7.5 Crores
All you need to know
Loans for all your needs
Calculators
All you need to know
Calculators
All you need to know
Calculators
At Tata Capital, we believe that owning a house is the right of every person, irrespective of their financial background or family income. That is why we have started an affordable housing policy to help people belonging to the low- or mid-income group buy their own houses in India. Under this policy, we provide affordable home loans with reduced interest rates and lower loan amounts.
Our affordable housing loan interest rates start from just 10.10% per annum.
Loan amount offered
₹ 2 lakhs onward
Loan tenure
Upto 30 years
Interest rate starting @
10.10% p.a.
To realize our dream of housing for all, we provide affordable housing loans with very easy eligibility criteria. Our affordable home loan eligibility includes:
The beneficiary should not be owning a pucca house in their name anywhere in India
In the case of a married couple, either or both spouses in joint ownership will be eligible for a single low income housing loan
The beneficiary should not have availed of central assistance under any housing scheme of State or Central Government
We provide low-income home loans for salaried individuals to help them realize their dream of owning a house in India. Below are the features and benefits of our affordable housing loans for salaried people:
To make home loan repayment easier for the beneficiaries, we provide Flexi EMI plans for our affordable housing loans. One can choose from the following EMI plans and repay their home loan at their convenience:
Know more about Home Loans
The following are the eligibility requirements to apply for an affordable home loan with Tata Capital:
The minimum loan amount offered under Tata Capital’s affordable housing loan scheme is Rs. 2 lakh. However, the maximum loan amount depends on factors such as the price of the property, the age of the applicant, etc. We provide financing of up to 80% of the property’s market price.
The interest rate for this loan is usually lower than the one for a regular home loan. At Tata Capital, the affordable home loan interest rate starts from just 10.10% per annum. We offer the best interest rate in the market based on your eligibility, income, credit score, and some other parameters. Moreover, there are no hidden charges on our home loans.
At Tata Capital, we allow our customers to repay their home loans as per their income and repayment capability. The tenure for our subsidized housing loan can range between 5 and 30 years. If you want your EMIs to be on the lower side, you can choose a higher home loan tenure and vice-versa.
The documents required for an affordable home loan are the same as that for a regular housing loan. They include:
No. This scheme is available only for those who do not own a pucca house anywhere in India. Additionally, they should not have availed of any housing loan scheme under the state or central government.
At Tata Capital, we provide home loans of up to 80% of the property’s value. However, the exact loan-to-value (LTV) ratio varies on a case-to-case basis.
Apart from the interest rate, we levy certain other charges on low-income housing loans. These include processing charges, foreclosure charges, EMI bounce charges, legal charges, and collection charges, among others. Click here to get the complete list of our fees and charges.
At Tata Capital, we provide our customers the flexibility to repay their housing loans at their convenience. You can choose from our four EMI plans - Standard EMI Plan, Step-Up Flexi EMI Plan, Step-Down Flexi EMI Plan, or Bullet Flexi EMI Plan. You can also choose to prepay or foreclose your low-income housing loan by paying a nominal foreclosure charge.
At Tata Capital, we ensure our customers don’t have to wait for long to fulfill their dreams. Our housing loan applications are processed as soon as we receive them. You can enjoy instant approvals and get the loan amount in your bank account within a few working days.
There is no statutory requirement of a minimum credit score to apply for a subsidized housing loan with Tata Capital. Even first-time borrowers and the ones belonging to the low-income category can avail of this scheme. However, by maintaining a good credit score, you can secure the best interest rate on your home loan.
Yes. In the case of a married couple, either or both spouses in joint ownership will be eligible to apply for a single low-income housing loan. By applying for a joint housing loan with a female co-owner, you can avail of some exclusive benefits.
Those who have borrowed a low-income housing loan can enjoy the same tax benefits as regular home loan borrowers. These benefits are:
In the case of a joint loan, both borrowers can enjoy these tax benefits individually.
Submitted successfully
Uh oh, something went wrong
Please try again later.
Start an SIP in minutes by signing up with the Tata Capital Moneyfy App. We are your one stop shop for all things investment.
SMS sent successfully!
An SMS has been sent to XXXXXXX051
Click on the link in the
message
to download the Moneyfy App.
Looking for a seamless loan experience? Get the Tata Capital Loan App and Apply for loans, Download Account Statement/Certificates, Track your requests & much more.
SMS sent successfully!
An SMS has been sent to XXXXXXX051
Click on the link in the
message
to download the Moneyfy App.
Thank you for subscribing
We will send news and updates to your registered email ID
Trust the links that start from https://www.tatacapital.com
Do not make payments in any individual’s bank accounts.
Call our Customer Care Number 1860 267 6060 for assistance
For any assistance, contact our customer support
rahul.sharma@gmail.com
Click allow button to receive notifications
SMS sent successfully!
