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Personal Loan
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.
Apply NowPERSONAL LOAN INTEREST RATES STARTING AT 10.99%
Overdraft Loan
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.
Apply NowPERSONAL LOAN INTEREST RATES STARTING AT 13.50%
Marriage Loan
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.
Apply NowMARRIAGE LOAN FUNDING UP TO RS. 35 LAKHS
Medical Loan
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.
Apply NowLOANS FOR MEDICAL NEEDS ON AN EMERGENCY BASIS
Education Loan
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.
Apply NowAVAIL TAX BENEFITS ON EDUCATION LOANS FOR HIGHER STUDIES
Travel Loan
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!
Apply NowHome Renovation Loan
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.
Apply NowHOME RENOVATIONS LOANS FOR YOUR HOUSING NEEDS
Home Loan
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.
Apply NowHOME LOANS WITH INSTANT APPROVALS STARTING AT 8.95%
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.
Apply NowCUSTOMISED SOLUTIONS FOR HOME EXTENSION NEEDS WITH TENURE UP TO 30 YEARS
Affordable Housing Loan
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.
Apply NowUNDER THE PRADHAN MANTRI AWAS YOJNA SCHEME, AVAIL INTEREST RATE SUBVENTION STARTING AT 4%
PMAY
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.
Business Loan
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.
Apply NowONE STOP SHOP FOR BUSINESS FINANCING UP TO RS. 50 CRORES
LOAN AGAINST PROPERTY UP TO RS. 3 CRORES WITH FLEXIBLE LOAN TENURES
Used Car Loan
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 NowTwo Wheeler Loan
Nothing 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.
Apply NowLoan Against Securities
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.
Apply NowUNLOCK THE POWER OF YOUR INVESTMENTS WITH LOAN AGAINST SECURITIES UP TO RS. 20 CRORES
Loan Against Securities
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.
Apply NowUNLOCK THE POWER OF YOUR INVESTMENTS WITH LOAN AGAINST SECURITIES UP TO RS. 20 CRORES
VEHICLE LOAN
Used Car Loan
APPLY NOWMutual Fund
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 MoreConsumer Durable Loan
A 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.
Insurance
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!
Know MoreMicrofinance
Tata Capital provides easy Microfinance Loans available at attractive interest rates. Avail a loan up to Rs. 2 lakhs through a simple process with minimal documentation. Get flexible tenures up to 36 months and repay your Microfinance loan EMI as per your convenience.
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Apply NowPersonal Loan
PERSONAL LOAN INTEREST RATES STARTING AT 10.99%
Overdraft Loan
PERSONAL LOAN INTEREST RATES STARTING AT 13.50%
Marriage Loan
MARRIAGE LOAN FUNDING UP TO RS. 35 LAKHS
Medical Loan
LOANS FOR MEDICAL NEEDS ON AN EMERGENCY BASIS
Education Loan
AVAIL TAX BENEFITS ON EDUCATION LOANS FOR HIGHER STUDIES
Travel Loan
Home Renovation Loan
HOME RENOVATIONS LOANS FOR YOUR HOUSING NEEDS
Home Loan
HOME LOANS WITH INSTANT APPROVALS STARTING AT 8.95%
Home Extension Loan
CUSTOMISED SOLUTIONS FOR HOME EXTENSION NEEDS WITH TENURE UP TO 30 YEARS
Affordable Housing Loan
UNDER THE PRADHAN MANTRI AWAS YOJNA SCHEME, AVAIL INTEREST RATE SUBVENTION STARTING AT 4%
Loan Against Property
Loan Against Securities
Personal Loan
PERSONAL LOAN INTEREST RATES STARTING AT 10.99%
Overdraft Loan
PERSONAL LOAN INTEREST RATES STARTING AT 13.50%
Marriage Loan
MARRIAGE LOAN FUNDING UP TO RS. 35 LAKHS
Medical Loan
LOANS FOR MEDICAL NEEDS ON AN EMERGENCY BASIS
Education Loan
AVAIL TAX BENEFITS ON EDUCATION LOANS FOR HIGHER STUDIES
Travel Loan
Home Renovation Loan
HOME RENOVATIONS LOANS FOR YOUR HOUSING NEEDS
Home Loan
HOME LOANS WITH INSTANT APPROVALS STARTING AT 8.95%
Home Extension Loan
CUSTOMISED SOLUTIONS FOR HOME EXTENSION NEEDS WITH TENURE UP TO 30 YEARS
Affordable Housing Loan
UNDER THE PRADHAN MANTRI AWAS YOJNA SCHEME, AVAIL INTEREST RATE SUBVENTION STARTING AT 4%
Business Loan
ONE STOP SHOP FOR BUSINESS FINANCING UP TO RS. 50 CRORES
Loan Against Property
LOAN AGAINST PROPERTY UP TO RS. 3 CRORES WITH FLEXIBLE LOAN TENURES
Loan Against Securities
UNLOCK THE POWER OF YOUR INVESTMENTS WITH LOAN AGAINST SECURITIES UP TO RS. 20 CRORES
Loan Against Securities
UNLOCK THE POWER OF YOUR INVESTMENTS WITH LOAN AGAINST SECURITIES UP TO RS. 20 CRORES
Used Car Loan
Two Wheeler Loan
Mutual Fund
Mutual Fund
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.
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Consumer Durable Loan
AVAIL 0% INTEREST RATE AND ON-SPOT APPROVALS WITH YOUR NEXT ELECTRONIC PURCHASE
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The Ministry of Housing and Urban Poverty Alleviation has launched a Credit Linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana (Urban) in June 2015.
The PMAY subsidy scheme is launched with an aim to provide housing to all eligible beneficiaries under Economical Weaker Sections (EWS), Lower Income Group (LIG), Middle Income Group I (MIG I), and Middle Income Group II (MIG II) by 2022.
For those who qualify for PMAY but are wondering how to apply for PMAY online, here’s a step by step guide –
· Identify your PMAY beneficiary category
· Visit the government’s official website – https://pmaymis.gov.in/
· Select ‘Citizen Assessment’ and then choose the relevant applicant category
· Fill out the online PMAY application form
· Enter the Captcha code, double-check your details, and click on ‘Submit.’
The beneficiary family comprises the husband, wife, and unmarried children.
(An adult earning member irrespective of their marital status can be treated as a separate household in MIG category and shall be considered under PMAY eligibility criteria).
Wondering how to check Pradhan Mantri Awas Yojana status? You can check your PMAY status online in the following steps –
· Visit the official government website –
· Click on ‘Citizen Assessment,’ and under that, click on ‘Track Your Assessment.’
Your application status will be displayed.
There is no such upper limit on the maximum PMAY loan principal that one can borrow; however, PMAY subsidy is only available up to a maximum amount of Rs. 12 lakhs. You can get to know your PMAY amount using online PMAY calculator.
No, those looking to avail PMAY for existing home loan do not qualify for the scheme. This is because the basic PMAY eligibility for home loan is that the applicant or anyone from their household must not own a ‘pucca’ house in their name anywhere across India.
The PMAY scheme is available for first-time homeowners.
Yes, female ownership of the property is mandatory, but not for all beneficiary categories. The same is mandatory only for EWS and LIG categories, but not for the two MIG categories.
Yes, tax exception on PMAY scheme is available for beneficiaries as per Section 80C and Section 24(b) of the Income Tax Act, 1961. An applicant is eligible for the following PMAY tax benefits –
· Deductions of up to a maximum of Rs. 1.5 lakhs per annum on home loan principal outstanding
· Deductions of up to a maximum of Rs. 2 lakhs per annum on the home loan interest amount
An applicant must meet PMAY eligibility to avail the scheme. The following are the Pradhan Mantri Awas Yojana eligibility criteria –
· The applicant or any other family member of their household must not own a ‘pucca’ house anywhere across India
· The applicant’s annual household income must fall within any of the four beneficiary categories
· The applicant or any other family member must not have availed central assistance under any housing scheme
· The carpet area of the chosen property must meet the prescribed specifications for the respective category of the applicant
The following are the different beneficiary categories under the Pradhan Mantri Awas Yojana –
· Economically Weaker Section (EWS) – interest subsidy @6.5% up to a maximum loan amount of Rs. 6 lakhs
· Lower Income Group (LIG) – Interest subsidy @6.5% for a maximum loan amount of Rs. 6 lakhs
· Middle Income Group I (MIG I) – Interest subsidy @4% for a maximum loan amount of Rs. 9 lakhs
· Middle Income Group II (MIG II) – Interest subsidy @3% for a maximum loan amount of Rs. 12 lakhs
Yes, an NRI is eligible to avail PMAY subsidy provided they meet all the PMAY eligibility criteria as prescribed by the government.
The Pradhan Mantri Awas Yojana documents required are as follows –
· Age proof documents
· Affidavit or self-declaration form, which proves that the applicant or their family does not own a ‘pucca’ house in the country
· In case of property under construction, declaration for the same
· Identity proof documents
· Copy of address proof documents
· Salary proof documents
· Income proof documents
· Existing loan details
· Processing fee cheque
· NOC from a relevant authority figure of any housing society
Yes, Aadhaar Card Details are mandatory for PMAY. All applicants in the loan contract willing to avail benefit under PMAY Scheme must produce their Aadhar card details. If any applicant or co-applicant is married, Aadhar details of the spouse are also mandatory.
The PMAY self-declaration form or affidavit is a form which acts as a proof that the applicant meets all eligibility criteria for availing the scheme. The Pradhan Mantri Awas Yojana self-declaration form confirms that an applicant or any of their family members does not own any ‘pucca’ house in the country, has not availed central assistance under any housing scheme, and so on.
No, PMAY (Urban) benefits can be extended only to towns/villages/cities that appear on the list of statutory towns as per Census 2011 and towns notified subsequently, including planning area provided by NHB.
Since no residential property is owned, PMAY benefits can be availed by the beneficiary family subject to fulfillment of Income and Property Area criteria.
No, you will not be eligible to avail the benefits of PMAY scheme in such a case. This is because one of the basic PMAY eligibility criteria is that the applicant or anyone from their household must not own a ‘pucca house’ anywhere across the country.
PMAY Credit Linked Subsidy Scheme is available to all aspiring first-time homeowners provided they belong to the prescribed four beneficiary categories. These categories under PMAY CLSS are as follows –
· Economically Weaker Section (EWS) – Annual household income below Rs. 3 lakhs
· Lower Income Group (LIG) – Annual household income between Rs. 3 lakhs to Rs. 6 lakhs
· Middle Income Group I (MIG I) – Annual household income between Rs. 6 lakhs to Rs. 12 lakhs
· Middle Income Group II (MIG II) – Annual household income between Rs. 12 lakhs to Rs. 18 lakhs
The maximum PMAY subsidy amount that one can be eligible for is Rs. 2, 67,280.
The PMAY loan tenure is for a maximum of 20 years. Under the CLSS scheme, applicants are eligible to avail credit subsidy for a period of 20 years or for the actual tenure of the loan, whichever is lower.
PMAY subsidy is credited upfront to the beneficiary’s account. This transfer of subsidy on home loan by government reduces the principal loan amount, and thereby, the Equal Monthly Instalment (EMI). You can calculate this EMI value using an online PMAY calculator.
The customer needs to inform Tata Capital Housing Finance Ltd of his interest in applying for PMAY Subsidy at the time of home loan application or later. After the loan has been disbursed, Tata Capital Housing Finance Ltd. will send required details to NHB, which in turn shall conduct a series of checks, and if found eligible, shall approve subsidy to the customer.
The following process will be followed to release subsidy to the beneficiary -
· Tata Capital Housing Finance Ltd. shall claim subsidy for eligible borrowers from National Housing Bank (NHB)
· NHB shall conduct a thorough due diligence and approve/release subsidy to Tata Capital Housing Finance Ltd. For the PMAY eligibility of borrowers based on disbursements made to the customer
· Subsidy disbursed by NHB to Tata Capital Housing Finance Ltd. will be credited upfront to customer’s account against principal. Thus, the borrower will pay EMI on the remaining outstanding principal.
No, CLSS benefit cannot be availed for the purchase of commercial or non-residential property, but only for the purchase of residential property.
Yes, the Prime Minister Awas Yojana rural scheme is available for those who wish to become first-time homeowners in the rural areas. PMAY for rural areas is commonly known as the Pradhan Mantri Awas Yojana Gramin or PMAY (G).
There are primarily two ways to calculate subsidy on PMAY – the first is manual calculation, which is rather a tedious and often error-prone process. The other method is to use an online PMAY subsidy calculator. By using a home loan subsidy calculator for PMAY, you can get accurate results at lightning speed.
The amount of home loan subsidy differs based on PMAY eligibility categories. The following are the PMAY subsidy amount under the four PMAY categories –
· Economically Weaker Section (EWS) – Rs. 2.67 lakhs
· Lower Income Group (LIG) – Rs. 2.67 lakhs
· Middle Income Group I (MIG I) – Rs. 2.35 lakhs
· Middle Income Group II (MIG II) – Rs. 2.30 lakhs
Yes, you can pre-pay your housing loan after receiving PMAY subsidy based on the terms and conditions for pre-payment of your lending institution.
Though prepayment of housing loan under PMAY, either in part or full is allowed, it is subject to the following conditions –
· You need a written approval in advance from your lending institution.
· You need to consider and pay pre-payment charges involved.
· You need to consider the pre-payment limit set by your lending authority.
To avail the scheme, an applicant must belong to any of the prescribed Pradhan Mantri Awas Yojana income slabs. The following are the PMAY income slabs for households as dictated by the central government –
· Economically Weaker Section (EWS) – Below Rs. 3 lakhs
· Lower Income Group (LIG) – Rs. 3 lakhs - Rs. 6 lakhs
· Middle Income Group I (MIG I) – Rs. 6 lakhs - Rs. 12 lakhs
· Middle Income Group II (MIG II) – Rs. 12 lakhs - Rs. 18 lakhs
No, as per the PMAY value guidelines issued by the Ministry of Housing and Urban Poverty Alleviation, there is no capping on the minimum or maximum PMAY property value for either of the beneficiary categories.