Home Renovation Loans

Tata Capital provides hassle free home loans for the people who already have a home but would need money in bulk for repair and maintenance or renovating interiors. This home loan is provided from Rs. 200,000/- and goes up for a more customized solution. Also one can get a tax deduction up to Rs 30000/- under section 24(b) of Income Tax Act, 1961 on the interest payment made towards a home renovation loan in a year.


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How can you use our Home Renovation Loan ?

Home loans can be availed for various purposes related to any housing needs.

  • House Maintenance
  • Remodelling
  • Painting
  • New Flooring
  • Internal repairs
  • External repairs

Why choose Tata Capital ?

Tata Capital offers customized Solutions with attractive interest rates and better home loan eligibility criteria. The home loan is offered for a tenure of up to 30 years with speedy disbursal. Additionally, we also provide services of property advisor with complete legal evaluation.


You choose either a fixed or flexi EMI across multiple application channels - branches, online portals, customer service executives, etc. We provide full online access to your loan account with absolute transparency. With post disbursement services, Tata Capital also provides doorstep documentation and disbursement.

Interested in Applying for a Home Loan ?

  • Processing Fees and Charges
Sr.No. Details Minimum Maximum
1 Interest Rates Per Annum Starting from 11.50%
2 Loan Amount Minimum Rs. 1,00,000.00
3 Processing Fees Up to 2.00%
4 Tenure 12 Months 360 Months
5 Preclosure Fee* Upto 2.00%
6 Part Payment Fee Rs 0.00 ( up to 25% of principal outstanding in a year)
  • Other charges such as PDC charges, Loan cancellation, Dishonored cheque or Rejection of ECS, Post-dated cheque swapping charges, Account maintenance charges, CERSAI, Collection agency and legal charges also apply. For detailed list of charges please visit our "Schedule of Charges"
  • Eligibility
  • Age - Minimum 24 Years to Maximum 65 Years (at the time of completion of housing loan)
  • Minimum Income - Rs. 30,000 per month.
  • If Salaried - Minimum 6 months in the current job with overall experience of minimum 2 years.
  • If Self Employed - Minimum 3 years in the current profession.
  • To check your eligibility for the home loan please visit "Eligibility Calculator"
  • Documents
  • Know Your Customer Documents - Address, Age & Nationality proofs like Passport, Aadhaar, PAN card and other documents of the applicant & co applicant.
  • Income Proof- Bank statements (6 months), Salary slips (3 months) & ITR (3 years) of the applicant &co applicant.
  • Qualification Documents - Like degrees of graduation & higher education
  • If Employed- Offer letter, Increment Letter, Copy of ID card etc.
  • If Self Employed - Proof of Business, Minimum 3 years existence proof, Computation of Income and P&L (3years), Bank Statements ( 1 year)
  • Copy of document providing approval of proposed extension/construction plan.
  • Valuation/cost estimation report from evaluator approved by Tata Capital
  • Additional documents such as municipal/society/builder NOC, allotment letter provided by housing board, etc.

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How to apply for Home Loan ?

  • Application:
  • Apply Online or visit our branch
  • Fill out all the relevant details like personal details, education details, property details, loan amount, tenure and income details
  • Based on the documents provided our system will provide you with an in principle eligibility and interest rate quote
  • Documentation:
  • Once loan is approved our customer care executive will contact you and collect all the relevant documents from you
  • Once home loan documents are submitted successfully you will receive a confirmation email.
  • The application will be processed and a final sanction will be provided along with terms and conditions
  • Submit any additional documents as per your sanction letter
  • Disbursement:
  • The payments will be made in your name to the help you make purchases

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