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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.
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PERSONAL LOAN INTEREST RATES STARTING AT 10.99%
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.
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PERSONAL LOAN INTEREST RATES STARTING AT 13.50%
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.
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WEDDING LOAN FUNDING UP TO RS. 25 LAKHS
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.
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LOANS FOR MEDICAL NEEDS ON AN EMERGENCY BASIS
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.
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AVAIL TAX BENEFITS ON EDUCATION LOANS FOR HIGHER STUDIES
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!
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PERSONAL LOANS FOR ALL YOUR TRAVEL NEEDS
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.
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HOME RENOVATIONS LOANS FOR YOUR HOUSING NEEDS
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.
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HOME LOANS WITH INSTANT APPROVALS UP TO RS. 5 CRORES
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.
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CUSTOMISED SOLUTIONS FOR HOME EXTENSION NEEDS WITH TENURE UP TO 30 YEARS
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.
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UNDER THE PRADHAN MANTRI AWAS YOJNA SCHEME, AVAIL INTEREST RATE SUBVENTION STARTING AT 4%
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.
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ONE STOP SHOP FOR BUSINESS FINANCING UP TO RS. 50 CRORES
LOAN AGAINST PROPERTY UP TO RS. 3 CRORES WITH FLEXIBLE LOAN TENURES
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.
Apply NowNothing 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.
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LOAN AGAINST PROPERTY UP TO RS. 3 CRORES WITH FLEXIBLE LOAN TENURES
Used Car Loan
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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.
Know MoreA 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.
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UNLOCK THE POWER OF YOUR INVESTMENTS WITH LOAN AGAINST SECURITIES UP TO RS. 20 CRORES
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!
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Home loan balance transfer takes place when the entire outstanding principal amount of home loan is transferred from an existing lender to a new one offering a lower rate of interest. In such cases, the lender who originally extended the loan gets the unpaid principal amount and the borrower is now required to pay EMIs at the rate offered by the new lender.
The following are the compelling reasons why you should transfer your home loan to Tata Capital –
A Brand You can Trust
Trust is the most solid foundation to build you home upon. And Tata Capital is a companion you can trust. Tata’s trust and legacy gives you the flexibility to build more, and build better.
Interest Rate
Perhaps, the primary reason for home loan balance transfer is lower interest rates offered by the new lender. Because the lower the interest rate, lower will be the EMI that you need to pay for its repayment. Tata Capital’s home loans are one of the most lowest in the market, starting at just 8.50%!
Loan Amount
You need to ensure that the new lender will extend you the amount you need to cover your needs. Tata Capital offers home loans that cover a wide range of Rs. 2 lakhs to Rs. 5 crores.
Loan Tenure
Further, it is important to consider the loan tenure offered by the new lender so that you can pay off your EMIs comfortably. Tata Capital‘s home loans can be taken for a period as long as 30 years!
Processing Fee
Before opting for home loan balance transfer, consider processing fee involved lest the transfer ends up being costlier than before. At Tata Capital, the processing fee is a mere 0.5% of the loan amount!
Home Loan Top-Up
Another thing to consider is whether or not your new lender offers top-up loans over and above your existing home loan that will help you in times of additional needs such as home renovation. Tata Capital provides home loan top-up at relatively lower interest rates to help you meet such additional needs with ease.
To get a home loan balance transfer to Tata Capital, you must meet the following eligibility criteria –
Your property for which you have taken a home loan must either be occupied or at least ready to be occupied
You should not have any outstanding dues on your existing home loan
Note – The eligibility criteria may differ from case to case on the basis of the customer profile
There are other Home Loan eligibility criteria also involved for a Home Loan Balance Transfer with Tata Capital. For further details, please visit our home loan eligibility page.
The following documents are required when you plan to transfer your home loan to Tata Capital –
Age Proof documents – valid Passport/Driving License/PAN Card/Birth Certificate/ Life Insurance Policy/School Leaving Certificate
Identity Proof documents – Voter ID/Passport/Driving License/Aadhar Card/PAN Card
Address Proof documents – Utility Bills/Bank Statements/Property Registration Documents/Property Tax Receipt/Voter ID Card
KYC Documents
Income Proof documents – 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)
Foreclosure Letter/Latest Principal outstanding
Home Loan Approval Letter
Interest Certificates from the initial lender
Note – The documents required may differ from case to case on the basis of the customer profile.
Yes, several lenders offer the facility of top-up with home loan balance transfer. Using this unique facility, you can increase your loan limit. The amount of top-up you receive will be based on your eligibility.
A home loan balance transfer calculator is a simple online tool using which you can easily find out the total monthly savings that you can make on transferring the principal balance on your home loan from one lender to the other.
You can enter the relevant details either by adjusting the sliders or by simply entering in the details in the box given for each.
Requested Loan Amount – This is the principal loan amount that you had borrowed from your original lender
Requested Tenure – This is the period (in number of months or years) for which you need the loan from your new lender
Net Salary/Income – In case of net salary, it is the amount of take-home pay left after deducting recoveries and deductions. Net income is the amount that remains after deducting the cost of goods sold from your sales total
Monthly Obligations – is the amount of money that you need to shelve aside to meet necessary commitments and requirements, including EMI payments for other loans
Cost of Property – This is the cost of the home for which you took a loan plus all expenditures required to prepare it for its intended use
Loan Principle Outstanding – refers to the remaining portion of the original loan principal amount plus any interest that accrues on the outstanding principal balance
Existing EMI – refers to the amount of money you pay as monthly EMI for loan repayment with your original lender
Once you enter in the above mentioned information, the home loan balance transfer calculator will display the Balance Transfer Amount and the Total Savings you will be making by getting a home loan balance transfer.
You have to meet some basic conditions to get a home loan. Our easy-to-use home loan eligibility calculator will let you determine your housing loan eligibility in a quick and seamless manner. You can use our Home Loan Eligibility Calculator to find out your eligibility. To be eligible for Tata Capital Home Loan, you have to meet a few basic home loan eligibility criteria.
Home loan eligibility criteria will further differ depending on whether you are a salaried individual or a self-employed individual
A Copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card & School Leaving Certificate
A copy of your Voter ID / Passport / Driving License / Aadhaar Card / PAN Card
A copy of your Utility Bill / Bank Statements / Property Registration Documents / Property Tax Receipt / Voter ID
A Copy of your Salary slips for the last three months / Appointment letter / Yearly increment letter / Certified true copy of Form 16
A copy of your Salary account bank statements for the last six months
Existing loan details should be provided through bank statements
To be issued from the salary account for Salaried customer or the business account in case of Self
For self-employed individuals or entrepreneurs, home loan eligibility criteria are such that they have must at least three years of experience in their current field.
A Copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card & School Leaving Certificate
A copy of your Voter ID / Passport / Driving License / Aadhaar Card / PAN Card
A copy of your Utility Bill / Bank Statements / Property Registration Documents / Property Tax Receipt / Voter ID
A copy of the last two years' Income Tax Returns / your Business profile on letter head / Registration certificate for business commencement
A copy of the last three years' Profit & Loss (P/L) Projection Statement / Operative current account statement for the last six months / Bank statements for the last six months of CC/OD facilities, if taken.
Your existing loan details should be provided through bank statements
To be issued from your business account
For Non-Resident Indians, the following is the home loan eligibility criteria –
Must be within the age group – 24 to 65 years
Must be a salaried individual with at least three years of work experience
A Copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card & School Leaving Certificate
A copy of your Voter ID / Passport / Driving License / Aadhaar Card / PAN Card
A copy of your Utility Bill / Bank Statements / Property Registration Documents / Property Tax Receipt / Voter ID
A copy of your pay slips for the last six months along with employment stability documents such as appointment letter/previous employment history
Overseas salary account details for Indian NRE/ NRO account statements for the last six months
NRI applicants should submit a Credit Report of their current country of residence, wherever it is applicable as per Tata Capital norms.
Existing loan details should be provided through bank statements
To be issued from the salary account for Salaried customer or the business account in case of Self
There are four major ways in which you can improve your home loan eligibility. They are –
Opting for a Longer Tenure
Improving Your CIBIL Score
Having an Additional Source of Income
Adding a Co-applicant
Let us look at each in detail -
Opting for a Longer Tenure
Home loans with a longer tenure can improve your home loan eligibility as the EMI amount will be lower. Hence, you are more likely to make on-time payments. Home loans with a longer tenure will give you more time for repayment. Home loans with a longer tenure will give you more time for repayment.
Improving Your CIBIL Score
Your loan amount and loan approval are dependent on your CIBIL score or Credit score. If your Credit score is above 750 then it makes you a good candidate for home loans. A good CIBIL score also leads to low home loan interest rates. Repaying debts in a timely manner will improve your CIBIL score and in turn, your home loan eligibility.
Having an Additional Source of Income
Your eligibility for a home loan can be improved by having an additional source of income. This will indicate that you have a higher repayment capacity. An additional source of income can include part-time business, rental income, rent from equipment or machinery, etc.
Adding a Co-applicant
You can improve your home loan eligibility by adding an earning family member with a good credit score as a co-applicant. This will increase the loan amount that you can borrow because your EMI affordability will increase.
To be eligible to avail a home loan, you should meet the following criteria –
CIBIL or Credit Score parameter has the greatest impact on home loan eligibility. CIBIL score is a number assigned to you based on your credit history and a track record of your previous loan repayments, credit card bills, and the likes. Generally, a CIBIL Score ranging between 700 and 900 is considered to be good. CIBIL Scores help in determining the credit-worthiness of home loan applicants or borrowers. The higher your credit-worthiness, the easier it will be to get a home loan.
Home Loan eligibility is calculated after considering a number of factors such as monthly income, current age, fixed monthly obligations, type of employment, academic qualifications and work experience, and credit and payment history.
To calculate your home loan eligibility, you can use a home loan eligibility calculator – a simple online tool using which you can find out your home loan eligibility within seconds.
Yes. A co-owner helps to increase home loan eligibility. In fact, one of the ways to increase your home loan eligibility would be to add co-applicants who have an independent source of income. Tata Capital will consider the co-applicant(s)’ income before assessing your repayment capacity. This will naturally increase the amount of home loan that you can be eligible for.
There are several factors that affect your home loan eligibility –
At Tata Capital, we believe in extending home loans that involve minimal paperwork, reasonable interest rates, and flexi EMI plans.
Home loan eligibility of a salaried person is as follows –
For a self-employed individual or entrepreneur, there are no conditions in terms of their earnings; however, there is one criterion that must be met for home loan eligibility -
Yes, the documents required for home loan may vary among lenders based on your loan scheme, loan purpose, and individual credit profile. To avail a home loan with Tata Capital, an applicant must present the following documents as valid proofs –
Age Proof
Photo Identity Proof
Address Proof
Salary Slips/Business Proof
Income Proof
Existing Loan Details
Processing Fee Cheques
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