What is a home loan, and what are its common uses?

A home loan refers to money borrowed to buy land or a property. It is a secured loan as the property you’re buying serves as collateral. You can use a home loan for the following: Buy a readymade house/flat Buy a plot for the construction of a house Home construction Home renovation Home improvement or extension

Who is eligible for a home loan from Tata Capital?

You can apply for a home loan from Tata Capital if you fulfill the following eligibility criteria: Age: Applicants aged 21 years at the time of loan application and 65 years at the time of loan maturity are eligible Residency: Indian/NRI Employment type: Salaried employees, self-employed professionals, and entrepreneurs Minimum income: Rs. 30,000 per month Work experience: Salaried employees: 2 years Self-employed professionals: 3 years in the same business CIBIL score: 725+ is ideal for quicker approval of a home loan

What documents are required for a home loan application?

You will need to submit the following documents with your home loan application: KYC documents: A copy of your driving license, Voter’s ID, PAN Card, Aadhaar Card, or passport Income proof documents: Salary slips and bank account statements for the past 3 months and latest Form-16 and IT returns for salaried employees; Income Tax Returns, audited balance sheet, and profit & loss accounts for the last 2 years, along with current account statement for the entity and savings account statement for the individual for the last 12 months in the case of self-employed professionals. Property-related documents: A copy of the buyer agreement or allotment letter and receipt of payments to be made to the developer

What is the application process for a home loan from Tata Capital?

The application process to apply for a home loan at Tata Capital is as follows: 1. Visit the page designated for ‘Home Loan’ on Tata Capital. 2. Fill out the online application form. 3. Submit the required documents. 4. Pay the processing fee. 5. Await verification and document authentication. 6. Receive the sanction letter. 7. Allow representatives to perform property valuation. 8. Get the funds in your bank account.

What is the minimum & maximum home loan tenure, and how does it affect EMI?

Generally, the minimum home loan tenure is 2 years, while the maximum loan tenure is up to 30 years. Loan tenure affects EMI in the following ways: A shorter tenure means a higher EMI, but a lower interest payout A longer tenure means a lower EMI, but a higher interest payout

What are the tax benefits available on home loans?

The tax benefits on a home loan are available under different Sections of the Income Tax Act. They are as follows: Section 80C: You can claim up to Rs. 1.5 lakhs on the principal repayment, including the registration and stamp duty charges. Section 80EE: This section provides benefits only to first-time homebuyers. You can claim up to Rs. 1.5 lakhs. Section 24b: You can claim a deduction of up to Rs. 2 lakhs on self-occupied properties.

Who can be a co-applicant for a home loan? What are the benefits of having a co-applicant?

Your immediate family members, like your spouse, brother, son, parent, or unmarried daughter, can be a co-applicant for a home loan. The benefits of having a co-applicant are: Lower interest rates Higher chances of loan approval Better creditworthiness Tax benefits for both the applicant and the co-applicant

How can I reduce my home loan EMI?

The following tips can help reduce your home loan EMI: Pick a longer loan tenure, spreading the EMIs over more months Make a bigger down payment, reducing the loan amount Pre-pay whenever possible to reduce the principal amount Negotiate for a lower interest rate to reduce interest payments Opt for a home loan balance transfer to get lower interest rates

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Get a Home Loan Online Up to Rs. 7.5 Crores*

Tata Capital offers housing loans of up to Rs. 7.5 crores* with an attractive interest rate starting from just 7.75% per year. Enjoy a seamless online application process, minimal documentation, and instant provisional sanction. With loan terms of up to 30 years, Tata Capital ensures your journey to homeownership is smooth and stress-free.

Loan amount offered

Up to ₹7.5 crores*

Loan tenure

Upto 30 years

Interest rate starting @

7.75%* p.a.

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Housing Loan Fees & Charges

Discover Home Loan Interest Rates and Charges below

Particulars	Salaried	Self-Employed
Loan amount	Rs. 5 lakh to Rs. 7.5 crore*	Rs. 5 lakh to Rs. 7.5 crore*
Loan tenure	Up to 30 years	Up to 30 years
Interest Rate	7.75% per annum	Starting rate @8.35%
Required documents	Documents required for Home Loan	Documents required for home loan
Online Eligibility Check	Home loan eligibility calculator	Home loan eligibility calculator
Eligibility criteria	Min. salary of Rs. 30,000 with at least 2 years of work experience	3 years of experience in the same business
Co-applicant tax benefit	Separate tax deductions of up to Rs. 2L under sec. 24 of the IT Act. Claim deductions of up to Rs. 1.5L under sec. 80C	Separate tax deductions of up to Rs. 2L under sec. 24 of the IT Act. Claim deductions of up to Rs. 1.5L under sec. 80C
Processing fees	Starting @ 0.10% of Loan Amount + GST	Starting @ 0.20% of Loan Amount + GST
Foreclosure Charges	No charges when you prepay your home loan with your funds. Nominal charges when you pre-pay your home loan using others’ funds	No charges when you prepay your home loan with your funds. Nominal charges when you pre-pay your home loan using others’ funds
Delayed EMI Payments	2.00% P.M. (24.00% P.A.) on the defaulted amount	2.00% P.M. (24.00% P.A.) on the defaulted amount
Other Charges	Check Home loan interest rate	Check home loan interest rates

Home Loan Eligibility Criteria

Step closer to owning your dream home. Tata Capital offers home loans plans with simple eligibility criteria and a smooth application process. Review the requirements below and take the next step today.

Eligibility Criteria	Details
Age Specifications	Applicants aged 21–65 years are eligible
Income Criteria	Stable income required. Use our EMI or home loan eligibility calculator for details.
Loan Tenure	5-30yrs
Employment Profiles	Open to salaried employees, self-employed professionals, and entrepreneurs.
Credit Health	A good credit score is essential for loan approval, reflecting financial discipline and creditworthiness.

Documents Required for a Home Loan

Availing a home loan requires providing documents to verify your identity, income, and property details. These documents are crucial house loan details and help us process your application smoothly, tailoring it to your needs. Here are the documents you need:

Identity proof or KYC documents such as Aadhaar card, Passport
Proof of residence
Salary slips, Bank statements, and ITR for proof of income
Property documents or sales deed

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How to Apply for a Home Loan Online in 5 Simple Steps?

Step 1

Enter your basic details

Step 2

Check your eligibility

Step 3

Pay the processing fee

Step 4

Upload Documents

Step 5

Get Provisional Sanction

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Features and Benefits of Tata Capital Home Loan

Loan amount up to Rs. 7.5 Crore*

Get financing of up to Rs. 7.5 crore* to buy, build, or upgrade your dream home.

Affordable Interest Rates

Housing loan interest rates start from 7.75%, tailored to your profile for budget-friendly EMIs.

Fast Approvals

Get home loan approval in just 48 hours through Tata Capital’s quick online process.

Flexible Tenure

Choose a repayment term that fits your finances—anywhere between 5 to 30 years.

EMI Calculator

Use our online EMI calculator to check eligibility and plan your loan confidently.

Multiple Financing Options

Finance ready homes, under-construction properties, land purchases, or home extensions, all under one loan.

Smooth Processing

Enjoy a hassle-free experience from application to disbursal, guided by expert support.

Co-applicant Advantage

Add a co-applicant to boost eligibility, lower your interest rate, and maximize tax benefits under Sections 24 and 80C.

* The maximum loan amount offered may increase on a case-by-case basis, depending on individual eligibility and in accordance with our approved policy.

What Is the Benefit of Having a Co-Applicant in a Home Loan?

Adding a co-applicant to your home loan can improve your chances of approval and help you qualify for a higher loan amount. Lenders consider both applicants’ incomes, which strengthens your eligibility.

A co-applicant can also help you get a better interest rate, especially if they have a good credit score. You can share the repayment responsibility, reducing the EMI burden on a single income.

Both applicants can claim tax benefits on a personal home loan under Sections 24 and 80C of the Income Tax Act, making it a financially smart choice for joint homeowners.

House Loan Repayment Options

Here’s a breakdown of Tata Capital's house loan repayment options:

Standard EMI Plan

Consistent Payments: Pay the same amount every month until your loan is fully repaid.
Ideal for Fixed Incomes: Perfect for those who prefer stable monthly payments throughout the loan tenure.

Step-Up Flexi EMI Plan

You can pay lower EMIs in the beginning and then increase them gradually.

Start Small, Grow Gradually: Begin with lower EMIs and increase them as your income grows.
Save on Interest: This plan helps you reduce interest costs and pay off your loan faster.
Exclusive to Tata Capital: Enjoy the unique flexibility of managing your loan payments as your financial situation improves.

Why Choose a Tata Capital Home Loan?

Low interest rate: Enjoy competitive interest rates that make monthly EMIs affordable and reduce overall loan costs.
Flexible tenure: Choose a repayment period from 2 to 30 years, as per what suits your income and long-term financial plans.
Minimal documentation: Simple paperwork ensures a smooth, quick, and stress-free loan application process.
Instant provisional sanction: Get quick loan approval so you can plan your home purchase with confidence.
Co-applicant benefits: Add a family member as a co-applicant to increase loan eligibility and share repayment responsibility.
Trusted lender: Tata Capital offers transparency, customer support, and easy digital access, making it a reliable choice for homebuyers.

Dos and Don’ts to Know Before Applying for a Home Loan

Dos	Don’ts
Check your credit score: Maintain a score above 750 for better interest rates and quicker approval.	Don’t ignore your credit report: Errors or unpaid dues can affect eligibility.
Compare lenders: Evaluate interest rates, processing fees, and hidden charges before choosing.	Don’t rush the application: Avoid applying to multiple lenders simultaneously, as it can lower your credit score.
Assess repayment capacity: Make sure the EMIs fit comfortably within 30 to 40% of your monthly income.	Don’t overborrow: Borrow only what you can realistically repay to avoid default.
Gather proper documents: Keep income proof, property papers, and ID ready for smooth processing.	Don’t skip the fine print: Read all loan terms carefully, including pre-payment and foreclosure charges.
Consider adding a co-applicant: A co-applicant improves eligibility and helps share the repayment load.	Don’t delay payments: Late EMIs attract penalties and harm your credit profile.

Types of Home Loans in India

In India, several types of home loan schemes cater to diverse housing needs and financial situations:

Basic home loan: This is the most common type of housing loan. It is secured to purchase a new or resale house.
Home construction loan: Ideal for those building their own home on an owned plot; the loan is disbursed in stages based on construction progress.
Home renovation loan: This type of loan helps finance home repairs, remodeling, painting, or interior upgrades.
Home equity loan (Loan Against Property): This allows homeowners to borrow funds against the market value of their property for personal or business needs.
Pradhan Mantri Awas Yojana (PMAY): A government-subsidized home loan offering interest rate benefits to first-time homebuyers under the ‘Housing for All’ scheme.
Pre-approved home loan: This home loan is offered to eligible borrowers based on income and credit score, ensuring quicker loan approval when finalizing a property.
Top-up home loan: It enables existing borrowers to access additional funds over their current loan without new documentation.
Land or plot loan: It is specifically designed to purchase residential land for future construction.

These home loan finance options make home ownership flexible and accessible for different financial and personal goals.

Home Loan Balance Transfer & Top-Up

A home loan balance transfer allows you to move your existing home loan to another lender offering lower interest rates, reducing your EMI burden and total interest cost.

A top-up loan is an additional loan offered on your existing home loan, ideal for needs like renovation or education.

For example, if your current lender charges 10% interest and another offers 8.5%, transferring your housing loan finance through a balance transfer can save thousands. To qualify, you must have a good repayment history, valid property documents, and a stable income.

Similarly, if you’ve secured a housing loan in India to purchase a property, and are now in need of more funds for renovation, a top-up loan is the answer to your problem.

Together, a home loan balance transfer and a top-up loan enhance financial flexibility and affordability.

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Home Loans for Different Budgets

More Home Loan products for you

Home Loan for government employees

With Tata Capital, you can apply for a home loan for government employees in a few easy steps and get housing finance at competitive interest rates.

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Home Loan for self-employed

With Tata Capital, you can apply for a home loan for self employed in a few easy steps and get housing finance at competitive interest rates.

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Home Loan for women

With Tata Capital, you can apply for a home loan for women in a few easy steps and get housing finance at competitive interest rates.

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What Our Customers Say About Us

Service provided by Manoj Patel in Surat vesu Branch was helpful and because of his support we were able to close loan.

Prakash Patil

Home Loan | 23 Aug, 2024

Excellent A1 Services. The Lady at the Customer Desk is very Cooperative and helpful so that my work completed without the time frame. The name of the Lady is Amruta Pathak. God bless her and her family. Thanks and Regards for the entire team of Tata Capital.

Nandlal Lal Arora

Home Loan | 13 Aug, 2024

Very good & prompt service, and we have spoken to Mr. Manish also, and he always helps us to provide our request. Thank you, Ms Apurva Shende & Manish Padwal

Farhang Ahmed Azar

Home Loan | 24 Jul, 2024

I'm happy with the service and the help I got earlier for foreclosure letter. Thank you so much & thanks to Alisha mam for her guidance.

Akshay Anil Pawar

Home Loan | 17 Jul, 2024

Special thanks to Mr. Avinash for his help rendered with full commitment to his job, answering the queries to me clearly, and follow up so that the work is done in given time to get customer satisfaction.

Hannah Grace

Home Loan | 02 Jul, 2024

Mr Avinash who handled my case is well experienced and has courtesy for customers' concerns. However, some of the Tata Capital products are very expensive when compared to other banks' ones!

Mohammed Shakeel Urrahman

Home Loan | 28 Jun, 2024

Start to end of my loan process was simple and guidance of your team members were to the point. My last communication was with Mr. MANOJ PATEL from surat branch he was very polite and helpful.

Anamika Vijaykumar Tiwari

Home Loan | 20 Jun, 2024

We extend our heartfelt gratitude to Mr. Pravin Sagare, Senior Officer of Customer Service, for his exceptional service. His remarkable demeanor and professionalism during telephonic interactions with customers have been truly outstanding. Over the past two years, we have utilized various services, yet none have matched the quality provided by Mr. Sagare. We are deeply impressed by the exemplary service, due to this reaons we has influenced our decision to obtain a second home loan from TATA Capital Housing Finance Limited.

Avinash Vasantbhai Bhesaniya

Home Loan | 07 Jun, 2024

I had applied for a home loan at Tata Capital & got the it approved quickly. The process was smooth and sanctioned with sufficient amount with tenure period of 20 yrs.

Sumeet Verma

Home Loan | 14 Mar, 2022

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FAQs on Home Loan

A home loan refers to money borrowed to buy land or a property. It is a secured loan as the property you’re buying serves as collateral. You can use a home loan for the following:

Buy a readymade house/flat
Buy a plot for the construction of a house
Home construction
Home renovation
Home improvement or extension

You can apply for a home loan from Tata Capital if you fulfill the following eligibility criteria:

Age: Applicants aged 21 years at the time of loan application and 65 years at the time of loan maturity are eligible
Residency: Indian/NRI
Employment type: Salaried employees, self-employed professionals, and entrepreneurs
Minimum income: Rs. 30,000 per month
Work experience:
- Salaried employees: 2 years
- Self-employed professionals: 3 years in the same business
CIBIL score: 725+ is ideal for quicker approval of a home loan

Tata Capital offers home loans at interest rates starting from 7.75% per annum for salaried employees and from 8.35% per annum for self-employed professionals. The other charges to pay on the home loan include:

1. Processing fee

2. Foreclosure charges

3. Legal charges

4. Stamp duty

5. MOD charges

6. Delayed EMI charges

7. Collection agency charges

8. PDC charges

9. Home loan registration charges

10. Loan cancellation charges

11. Penal charges

You will need to submit the following documents with your home loan application:

KYC documents: A copy of your driving license, Voter’s ID, PAN Card, Aadhaar Card, or passport
Income proof documents: Salary slips and bank account statements for the past 3 months and latest Form-16 and IT returns for salaried employees; Income Tax Returns, audited balance sheet, and profit & loss accounts for the last 2 years, along with current account statement for the entity and savings account statement for the individual for the last 12 months in the case of self-employed professionals.
Property-related documents: A copy of the buyer agreement or allotment letter and receipt of payments to be made to the developer

The application process to apply for a home loan at Tata Capital is as follows:

1. Visit the page designated for ‘Home Loan’ on Tata Capital.
2. Fill out the online application form.
3. Submit the required documents.
4. Pay the processing fee.
5. Await verification and document authentication.
6. Receive the sanction letter.
7. Allow representatives to perform property valuation.
8. Get the funds in your bank account.

Generally, home loan approval and disbursal are quick if all your documents are in place. You can expect to receive the approval and funds within 3 to 5 working days. However, delays can occur if the required documents are not available or if there is an error in the said documents.

Generally, the minimum home loan tenure is 2 years, while the maximum loan tenure is up to 30 years. Loan tenure affects EMI in the following ways:

A shorter tenure means a higher EMI, but a lower interest payout
A longer tenure means a lower EMI, but a higher interest payout

You can use the home loan EMI calculator to estimate the EMI you’ll have to pay in different loan scenarios. It saves time on calculations, eliminates the scope for manual error, and enables better financial planning.

Yes, you can transfer your existing home loan balance to Tata Capital. A home loan balance transfer facility allows you to transfer the outstanding home loan balance from any lender and enjoy lower interest rates and greater flexibility. You can secure the loan with minimal documentation and also qualify for a top-up loan.

The tax benefits on a home loan are available under different Sections of the Income Tax Act. They are as follows:

Section 80C: You can claim up to Rs. 1.5 lakhs on the principal repayment, including the registration and stamp duty charges.
Section 80EE: This section provides benefits only to first-time homebuyers. You can claim up to Rs. 1.5 lakhs.
Section 24b: You can claim a deduction of up to Rs. 2 lakhs on self-occupied properties.

Banks cannot provide 100% housing loans. However, you can get home loans ranging between 75% and 90% of the property’s value as per the RBI’s guidelines. The circumstances vary for the percentage.

Your immediate family members, like your spouse, brother, son, parent, or unmarried daughter, can be a co-applicant for a home loan. The benefits of having a co-applicant are:

Lower interest rates
Higher chances of loan approval
Better creditworthiness
Tax benefits for both the applicant and the co-applicant

Yes, lenders support self-employed professionals by offering home loans at attractive interest rates. The professional must have a stable income, an active business for at least 3 years, and complete and verified ITR records.

Pre-payment refers to a significant payment toward the principal loan amount before the tenure ends. It helps in lowering the outstanding principal, reducing the overall interest burden, and saving money on interest payouts.

Yes, NRIs can apply for a home loan from Tata Capital, provided they fulfill specific eligibility criteria. The applicants must also meet the RBI’s guidelines related to NRI home loans. You can check your eligibility online and apply for the loan.

A home loan top-up refers to an additional loan offered with your existing loan. It does not require any additional security or guarantee and can be used for a variety of purposes.

A fixed interest rate, as the name suggests, doesn’t change throughout the loan tenure. As a result, your EMI amount remains fixed every month. A floating interest rate, on the other hand, changes as per market conditions and the repo rate. The EMI increases or decreases with this change. If the floating rate increases, you will have to pay a higher EMI, which may disturb your monthly budget.

Yes, you can avail of a home loan for plot purchase and construction. You can either opt for a combined loan or take separate loans with top-up benefits if your fund requirement increases during the course of construction.

Generally, floating-rate home loans do not have foreclosure charges, but fixed-rate and non-individual loans can. Fortunately, Tata Capital does not levy any foreclosure charges.

The following tips can help reduce your home loan EMI:

Pick a longer loan tenure, spreading the EMIs over more months
Make a bigger down payment, reducing the loan amount
Pre-pay whenever possible to reduce the principal amount
Negotiate for a lower interest rate to reduce interest payments
Opt for a home loan balance transfer to get lower interest rates

While home loan insurance isn’t mandatory, it is advised by some lenders. It serves as a tool to safeguard the investment. In case of an unforeseen scenario or the borrower’s death, the insurance can cover the outstanding home loan amount without troubling the borrower’s family. The insurance benefits apply even if the borrower faces unemployment or suffers disability, bringing in financial challenges.

A good CIBIL score improves your chances of getting a home loan. A high credit score can help you secure a loan at a better interest rate. Maintaining a strong repayment record can further improve eligibility.

Property valuation is an important step in the home loan process because it enables the lender to determine the property’s fair market value, which directly influences the loan amount offered to you. The property’s value also impacts interest rates and loan approval. It enables the lender to assess risk and gives the borrower insight into their financial position.

Home loan EMIs start after the entire loan amount is disbursed into your account. If you’ve secured a loan for under-construction properties, EMI starts after the construction is completed. Pre-EMI refers to interest payments made on the loan amount disbursed during the construction phase. This installment does not include the principal repayment.

Home loan insurance protects your family from financial burden in case of your untimely death or disability. The insurer repays the outstanding loan, ensuring your family retains ownership of the property without facing repayment stress. It offers peace of mind and financial security.

Home loan EMIs are calculated using the formula EMI = [P × R × (1+R)^N] / [(1+R)^N – 1], where P is the loan amount, R is the monthly interest rate, and N is the loan tenure in months. You can use the home loan EMI calculator to simplify the calculation for yourself.

Our Other Available House Loan Products

Affordable Housing Loan

Home Extension Loan

Home Loan for Self-Construction

Home Loan Top-up

Quick Cash

Balance Transfer

Affordable Housing Loan

At Tata Capital, we believe that every single person, regardless of their financial background, deserves a home to call their own.

With this vision, Tata Capital Housing Finance provides affordable home loan offers at competitive interest rates.

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Home Extension Loan

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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Home Loan for Self-Construction

Instead of buying a ready-to-move-in house, you can choose to purchase a piece of land and construct your house on it brick by brick.

A home loan for self-construction or simply a home construction loan is a special type of home loan given to help borrowers construct their own house on a piece of land or plot.

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Home Loan Top-up

A home loan top-up is a facility offered by lenders under which a borrower can take an additional loan over and above their existing home loan.

The home loan top-up facility is available only for existing home loan borrowers without the need for any additional security or guarantee.

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Quick Cash

Quick Cash loan is a unique Pre-Approved personal finance top-up linked to your existing Tata Capital Housing Finance Limited (TCHFL) loans. This loan is only for existing TCHFL Home Loan and Home Equity customers.

Apart from its unique features, it also offers other advantages such as faster processing, and a paperless journey, notwithstanding that all this could be availed in just a few clicks at your convenience any day 24*7.

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Balance Transfer

A home loan balance transfer, or simply a home loan transfer, takes place when you transfer your outstanding home loan amount to a new lender from your existing lender.

With Tata Capital Home Loan Balance Transfer, you can transfer your outstanding home loan balance to affordable interest rates. Our home loan interest rates start from just 7.75% per annum*.

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