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Affordable Housing Loan FAQs

Getting Started
Tata Capital Housing Finance in a bid to make housing affordable to all segments of the society offers the ‘Affordable’ Home Loan. Working in line with the government's Pradhan Mantri Awas Yojna (PMAY) initiative, through the scheme we offer subsidised home loans to low income groups. In order to help you become a home owner, we offer a home loan subsidy starting from 3.00% - 6.50%.

By opting for Rural Housing Finance, you will reap the following benefits:

  • Homes that have an annual income up to Rs 3 lakhs can now finance their own house.
  • We offer convenient and affordable home loan interest rates
  • Minimal paperwork
  • Quick and hassle-free loan disbursement process and verification
  • Timely assistance during the loan process.

We want to make affordable housing available to all segments of the society including the marginalised communities. With the ‘Affordable’ Home Loan, you can:

  • Buy an affordable house
  • Build an affordable house
We at Tata Capital incur expenses when we process your home loan application irrespective of whether you take the loan or not. Processing involves scrutiny of your application, verification of your documents, assessing your application, calculating your home loan eligibility and so on. Our processing fee is minimal but non-refundable. Moreover, for the Affordable Home Loan we charge nominal processing fee of 1 % on the loan amount.
Loan Details (Amount& Tenure)

You can choose how much time you need to repay the loan given through ‘Affordable’ Home Loan. Some of our longer tenures go up to 30 years.

We provide loans for affordable housing for an amount up to ₹ 25 Lakhs.

Under Affordable Home Loan we offer interest rates starting at 10.10%


In order to be eligible for ‘Affordable’ Home Loan, you or your family’s annual income should be within ₹ 6 lakh. You can apply if you part of an Economically Weaker Section of the society (EWS), Scheduled Caste (CS), Scheduled Tribe (ST). You can also apply if you are a woman residing in the peripheries of Metros, Tier I cities as well as those living in Tier II and Tier III cities. 

Flexible EMI Plans
  • Standard EMI Plan:

Standard EMI Plan allows you to pay the principal amount along with the interest consistently for your defined tenure.

1. EMI amount remains the same for the entire loan period.

Standard EMI Plan is ideal if You have a consistent income.

  • Step Up Flexi EMI Plan:

Step Up Flexi EMI Plan offers great flexibility. This repayment option allows you to pay lower EMIs in the beginning and as your salary increases you pay higher EMIs.

1. Provides higher loan eligibility

2. Pay more when you can afford

3. Helps to manage income flow efficiently.

A stp up flexi EMI plan is ideal if you expect your income to increase at regular intervals.

  • Step Down Flexi EMI Plan:

Step Down Flexi EMI Plan offers flexibility to pay higher EMIs in the beginning and lower ones at the end.

1. Reduces interest substantially

2. Helps in finance management

3. Provides higher eligibility.

Step Down Flexi EMI Plan is ideal if you have a high disposable income.

  • Bullet Flexi EMI Plan:

Bullet Flexi Plan allows you to pay principal in parts along with EMIs.

1. Higher Rural Housing Finance eligibility

2. Reduces interest substantially

3. Regular EMI payment. 

A Bullet Flexi EMI Plan is ideal if you receive periodic incentives at work.

Know How It Works

Complete A Simple Form Generally, takes about 5-10 minutes Upload Documents Keep all the mandatory documents handy Get Approval Get quick approval within days


You can apply for Home Loan through our online application form


Our customer support team is happy to help you, call us on customer care number at 1860 267 6060 from 9am to 7pm. You can request a call back too.


Walk into our nearest Home Loan branch to apply for a loan.