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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.
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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.
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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.
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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.
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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.
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.
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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.
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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!
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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
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The Government of India implemented the Real Estate Regulatory Authority (RERA) bill in 2016. It came into force on and from 1 May 2016, and only 52 sections of its 92 ones were notified. The remaining 40 provisions became effective from 1 May 2017 onwards.
The Act is applicable in all Indian states and union territories. You can find key information on different state RERA online on their official websites.
The Real Estate Regulatory Authority Act was introduced to protect the interests of homebuyers and boost real estate investments across the country. Since its inception, RERA has enabled greater transparency, accountability, and answerability in the realty sector.
It has also brought a flurry of improvements in the sector like better fraud protection, faster redressal, enhanced clarity about carpet area, prevention of misuse of funds through a reserve account, and mandatory registration of different stakeholders to advertise and sell any project.
Therefore, it is always a smart choice to pick a RERA registered property. Avail a Home Loan in a few simple steps with Tata Capital.
The Indian government introduced the Real Estate Regulatory Authority Act in 2016 to eliminate the problems prevalent in the real estate industry. It was also implemented to address the concerns of various industry stakeholders and safeguard their interests against ill practices.
The primary objective of RERA is to bring positive changes across every aspect of the industry. Through various reforms and regulations, it aims to increase transparency and promote uniformity in the home buying process for every buyer, broker, builder, and real estate agent.
As a result, numerous RERA communities have been set up across different states in India to boost the number of RERA compliant projects, following the rules and guidelines specified by the Act. All the builders and developers are mandated by law to register their projects with these state bodies for approval.
Of the various advantages of the Real Estate Regulatory Authority, standardisation of the carpet area is perhaps the most beneficial. Unlike before, there is a standard formula now that builders can use for calculating carpet area. The Act also prohibits promoters from advertising inflated carpet areas to increase the selling price.
Builders and developers cannot ask for an advance payment of more than 10% of the property's cost before you've signed the sales agreement. This will help you plan your finances better before availing a home loan to purchase the property.
Some key benefits of Real Estate Regulatory Authority include quicker dispute resolution and grievance redressal. These will be overseen through dedicated adjudicating officers and appellate tribunal.
Under the Real Estate Regulatory Authority Act, if there's any delay in the project delivery, the developer is mandated to pay specific percentage of interest to the buyer on the invested amount.
If buyers find quality or structural defects in the property, builders are liable to rectify the same within 30 days without charging anything extra. This provision is available for five years from the date of possession.
Here's how RERA has brought standardisation, accountability, and transparency between homebuyers and developers –
Transparency
Under the law, developers must disclose all the project details like layouts, approvals, plans, etc., to the homebuyers. All the details of RERA approved projects will be displayed on RERA's official website.
Buyer's security
Developers are mandated to create a reserve project account and park 70% of all the funds received there for RERA approved projects. They can only fund a particular project with the collected amount. This has been one of the most positive RERA impact on real estate transactions, ensuring there are no project delays.
Standardised sales agreement
RERA benefits for homebuyers also include a standard model for sales between the homebuyers and promoters. So, there are no penal or one-sided clauses harming the buyer's interests.
Penalty on violations
All Act violations attract stiff monetary penalties, usually up to 10% of the total project cost. This has been done to ensure the law is taken seriously.
According to the Real Estate Regulation Authority Act, 2016, every state and Union Territory (UT) in India must establish its RERA regulatory body. No builder or developer can market their projects without seeking approval from their respective state's regulator.
So far, around 30 states and UTs have established either interim or permanent regulatory bodies. Below are the RERA details of some of these states –
MahaRERA
The Maharashtra Real Estate Regulatory Authority came into force on May 1, 2017. It is a permanent body that handles project registrations in Maharashtra and UTs like Daman & Diu and Dadra & Nagar Haveli.
GujRERA
The Gujarat RERA was established in May 2017 to promote and regulate the state's realty sector. Buyers can easily check the registered projects and their progress using their official website.
TNRERA
The Tamil Nadu Real Estate Regulatory Authority came into being on June 22, 2017, after the state approved the general rules. It has jurisdiction over Tamil Nadu as well as the Andaman & Nicobar Islands.
UPRERA
The Uttar Pradesh RERA was established under Section 20 of the Real Estate Regulation Authority Act. It was launched to protect home buyers against fraudulent practices and encourage investments in the sector. Builders/Developers can register themselves on UPRERA's official website and buyers can check the project details.
All new or upcoming projects are mandated for registration before launch. The RERA registration process is the same across the states.
If you want to register for a project, simply follow the steps given below –
Firstly, open a bank account as specified by the section 4 (2) (I) (D) of the Real Estate Regulatory Authority act.
Then, collect and prepare all the essential documents for RERA registration online.
Next, complete and submit Form A to register. If you're an agent or promoter, you will also have to submit Form B, defining your role in the industry. Besides these, you may have to submit additional forms depending on RERA rules.
Now, pay the required registration fee to complete the process and become RERA registered. Know the fee will vary from state to state.
Once your RERA online registration is successful, you will be allotted a number. You can use the same for any project related communication.
And you're done!
Following are some of the essential documents required to carry out the RERA registration process –
PAN card of the promotor(s) and a copy of their Aadhar card
Promotor's passport-sized photograph. If the promotor is a firm/company, then photos of all founding members like chairman and director are required for RERA registration.
Past 3 years' income tax returns of the promotor
Auditor report, balance sheet, and profit & loss account of the promoter
Land details (legal title deed, mortgage, rights)
RERA approved project details, including layout plan and sanction plan
Details of the number of apartments, carpet area, balcony, and open terrace, if any.
Ownership document proofs (sale agreement, proforma of allotment letter)
Authenticated legal title deed or any other relevant document
Other RERA registration documents specified by the respective state authority
To check if a project is RERA compliant or not, you need to consider the factors mentioned below –
All builders and developers need to get the necessary consents and licenses before promoting a new project.
Real estate developers need to create a reserve account to save the funds deposited by buyers for a RERA approved project. They must show proof that they are using 70% of the deposited amount for the project instead of other investments.
If the property area exceeds 500 square meters, builders must get it RERA approved before advertising any project built on the property.
Besides, you can visit the official Real Estate Regulatory Authority website of the respective state and access the available information.
Below are the penalties levied on promotors under the RERA act.
Offence | Penalty |
---|---|
Self Employed Non-Professional | Charged 10% of the estimated cost of a RERA approved project. |
Providing false project information | Charged 5% of the estimated project cost |
Violation of laws | Either charged 10% of the estimated project cost or imprisoned for up to 3 years |
Severe non-compliance with RERA | Daily penalty of up to 5% of RERA compliant project's total estimated value |
*Final ROI and Processing Fees may vary based on assessment program and Loan amount
Below are the RERA penalties levied on real estate agents.
Offence | Penalty |
---|---|
Non-registration of a project | Charged Rs. 10,000/day for default extending up to 5% of the RERA approved property cost |
Non-compliance with the Appellate Tribunal | Charged 10% of the estimated project cost or up to 1 year of imprisonment |
The Real Estate Regulatory Authority bill was first introduced in 2013. After the RERA introduction, there were a few rounds of revisions before the bill was approved by Rajya Sabha on 10th March 2016 and by Lok Sabha on 15th March 2016.
Finally, RERA India came into force on 1st May 2016, with only 61 of the 92 sections notified, and the remaining sections were made effective a year later. Soon after, the act was implemented across different states and UTs.
If you are building a real estate project on land exceeding 500 square meters or housing more than eight apartments, you must meet the RERA registration compulsory requirement. RERA registration is mandatory compliance for advertising and selling a real estate project.
Property buyers can use the RERA number to access the complete project details, from the construction progress to the launch date.
To run a quick RERA number verification check, you can follow the steps below:
Go to the official RERA website of your respective state or UT.
Locate the 'Registered Projects' tab from the 'Registration' option on the homepage.
Once you click on the option, you'll be directed to a third-party website.
Then, select the 'Select User Type' option under the 'Registered Projects' option.
To search the information for a RERA approved project, you can either use the project name, its registration number, or the promotor's number.
Once the search results are displayed, click on 'View' to read all the project information.
The Real Estate Regulatory Authority benefits the property buyers in multiple ways. The key benefits of RERA are mentioned below –
Under RERA, builders cannot take more than 10% of the property cost as advance from the buyer
Buyers can get any structural or quality defects in the finished project by the builder at no extra cost. This service will be valid for five years from the date of possession.
Buyers have the right to access all the information related to a project.
You can file a complaint against any RERA complaint project online. Just go to your RERA portal, access the complaint form using the 'COMPLAINT REGISTRATION option, and fill in the required details. You will also need to provide personal details and relevant documents to support your claim. However, you will be charged a processing fee.