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Information About Home Loan

About Home Loan

Home is where the heart is. It is a place that is special for everyone. 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.

How does one take a Home Loan?

We have made the process of getting a Home Loan simple. You just have to follow these easy steps:

  • Check your home loan eligibility online
  • Select your home loan amount and period
  • Submit your application & documents
  • Get your money

What are the basic requirements in getting your home loan approved?

To be eligible for a Home loan, you should be above 24 years of age at the time of borrowing and 65 at the time of completion of the Home Loan. If you are a salaried individual, you should earn at least ₹ 30,000 per month and have a minimum of two years of experience. In case you are an entrepreneur, you should have three years of experience in your current field. 


Find out more about Eligibility and Documents for more details.

4 reasons why you deserve the 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.

Home Loan Prime Lending Rates


 Effective Date                                                                      Prime Lending Rate                                            
 1st January, 2019  17.45%
 1st October, 2018  17.15%
 1st July, 2018  16.85%
 1st May, 2018  16.65%
 1st November, 2015  16.50%
 1st May, 2015  16.65%
 10th December, 2013  16.75%
 1st September, 2013  16.65%
 1st October, 2011  16.50%
 1st July, 2011  16.00%
 1st April, 2011  15.50%
 20th December, 2010  14.75%
 15th November, 2010  14.25%
 1st January, 2009  13.75%

Features and Advantages

Features of Home Loan :

Highest Home Loan Eligibility

Don’t confine yourself to less. We offer greater home eligibility for you to confidently make your next property move.

Service at your door step

We put you first and make our Home Loan work around your convenience so that you have time for other important things. 

Easy Repayment

We make home buying simple and easy.  You have the control on how you want to repay based on your comfort through our Flexi EMI options. 

Tax Benefit

With our Home Loan, you are eligible to get a tax deduction up to ₹ 1.5 lakh under section 80C. An additional deduction under Section 80EE is allowed only for first time buyers for maximum amount upto ₹ 50,000.

3 examples of a Home Loan

It may be one home but with Tata Capital, there are many ways you can finance it. We are committed to making sure everyone has a home to call their own and here are some examples of some of the Home Loans that we offer.

Home Extension Loan

As families grow, our needs from a home also tend to grow accordingly. Rather than being cramped into a small space, you can now extend your home to house all your needs and more. Start by adding a garden or create more space with an additional balcony. Why not a new yoga space for yourself or a study for your kids?

Home Loans for NRI

No matter where you are in the world, there is always a special space in your heart for the first place you called home.  Our NRI home loans will help you buy your home in India, without any hassles. Aided with expert advisors, who are trained to understand your needs, we can get you a personalized NRI home loan.

Affordable Housing Home Loans

It is our belief that everyone regardless of their financial background deserves a home to call their own. We now offer Affordable Housing Schemes that make home ownership possible for those truly in need.  

What does the Home Loan cover?

Our Home Loan covers all your housing needs including:

  • Home, plot, apartment (ready to move in houses/apartment) buying
  • Constructing a home/apartment on a plot
  • Home extension
  • House maintenance/repairs.

Home Loan Interest Rates

Our home loan interest rates start at 9.25% and are competitive amongst the other players in the industry. However, it ultimately depends on loan eligibility, income and other criteria to determine the interest rates for the loan offered.

How much EMI do you need to pay?

Equated Monthly Instalment (EMI) depends on the principal loan amount, the interest rate charged and the period for which the loan is taken.

You can choose your EMI amount that is comfortable to you by using the Home Loan EMI calculator.

How can you repay your Home Loan?

You can decide how you want to repay the loan. For a fixed amount of loan and interest, you can choose the tenure and EMI that is comfortable to you. The longer the tenure, lower will be the EMI. You can also prepay your loan after meeting defined terms and conditions. 

 You can pay your loan through auto debit or ECS facility. In exceptional cases, you can also opt for post-dated cheque payment facility.

Eligibility and Documentation

Basic Eligibility Criteria

In order to be eligible for Home loan, you have to meet a few basic criteria. You should be between the age of 24 and 65 (at the time of completion of the Home Loan). If you are a salaried individual, you should earn minimum ₹ 30,000 per month and should have two years of work experience. In case you are an entrepreneur, you should have three years of experience in your current field.

Documentation for Home Loan

We only need some basic documents to process your Home Loan. Here’s a handy guide to keep in mind -


Age Proof

(Any one)

Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card, School Leaving Certificate.

Identity Proof

(Any one)

Passport, Driving License, PAN Card, Voter ID.

Residence Address Proof

(Any one)

Utility Bill, Bank Statements, Property Registration Documents, Property Tax Receipt, Voter ID.

Office Address Proof

(Any one)

Employee ID Card, Appointment Letter, Letter from employer on official letterhead.

Income Proof for Salaried Individuals

(Any one)

Salary slips for the last three months, appointment letter, yearly increment letter, certified true copy of Form 16.

Income Proof for Self-employed Individuals

(Any one)

IT returns for the last two years with supportive documents, Business profile on letter head, Registration certificate for business commencement.

Income Proof for NRIs

(Any one)

Pay slips for the last six months along with employment stability documents such as appointment letter/previous employment history.

Bank Statements for Salaried Individuals

(Any one)

Bank statement for the last six months from the salary account.

Bank Statements for Self-employed Individual

(Any one)

Operative current account statement for the last six months, Bank statements for the last six months of CC/OD facilities, if taken.

Bank Statements for NRI Applicants

(Any one)

Overseas salary account details for the last six months, Indian NRE/ NRO account statements for the last six months 


Credit Report for NRI 


NRI applicants should submit Credit Report of their current country of residence where ever it is applicable as per Tata Capital norms.


Details of Existing Loan


Existing loan details should be provided through bank statements.


Processing Fee Cheque


To be issued from the salary account for Salaried customer or the business account in case of Self


Employed customer


Please provide Aadhaar card details as part of know your customer (KYC) document.

Checking your Eligibility

You have to meet some basic conditions to get the Home Loan. You can use our Home Loan Eligibility Calculator to find out your eligibility. At Tata Capital, we believe in extending a home loan with minimal paperwork, reasonable interest rate and flexi EMI plans.

What’s the maximum amount of Home Loan you can avail?

The maximum amount will depend on your needs and eligibility and it is customisable. 


What is a Tata Capital Home Loan EMI Calculator?

You can work out how much your loan repayments might be! Tata Capital Home Loan EMI calculator will give you an estimated figure for the total monthly instalment payments along with the complete breakup of the home loan repayment process. You can now strategize your home loan repayment schedule in advance with help of our EMI calculator.

What does the Home Loan EMI Stand for?

EMI stands for Equated Monthly Instalments. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your Home Loan. A longer loan tenure for maximum period helps in reducing the EMI’s

The exact percentage of principal and interest depends on the interest rate charged and the tenure for which the home loan is taken.

How to calculate your Home Loan EMI using a calculator?

Enter the following information to calculate your EMI:

  • Home Loan Amount (the loan amount you wish to get)
  • Interest Rate (Tata Capital’s interest rate begins at 9.25%)
  • Home Loan Tenure (Tata Capital offers you maximum tenure of 30 years to repay your loan)
  • Click the Calculate button. The system shows your EMI monthly break-up of both the interest and principal payment. 
  • If the Home Loan EMI is higher or lower than you want to pay, edit the principal amount and follow the same steps from 2 to 4.

The 3 Hows of deciding the right EMI

  • How soon do you want to pay off your Home loan?
  • How much can you afford to pay in a month?
  • How much of an interest rate are you comfortable with?

Why Choose Us