Can I foreclose on my property Hybrid Term Loan against property?

Yes, you can foreclose your Hybrid term loan and following charges shall be applicable Rate Description Party to the Agreement & Purpose Foreclosure Charges within 12 months of Disbursement Foreclosure Charges after 12 months of Disbursement Floating Rate Scheme Individual Borrower with end use other than business No charges No charges Individual Borrower with end use as business 6% of Principal Outstanding 4% of Principal Outstanding Non- individual Borrower irrespective of end use 6% of Principal Outstanding 4% of Principal Outstanding Fixed Rate scheme Individual/s non individual borrowers irrespective of the end use 6% of Principal Outstanding 4% of Principal Outstanding

Home
Loan Against Property
Hybrid Term Loan Against Property

Hybrid Term Loan Facility Against Property

Overview

Apply Now

Overview Required Documents Rates & Charges

About LAP Hybrid Term Loan

Are you planning any business expansion or thinking of house renovation? Are you in a need of immediate funds for a surgery and you own a property? Apply for Hybrid Term Loan with us and utilize the amount as per your needs. Tata capital offers you hassle-free Hybrid Term Loan against your property.

This financial offering is designed to be accessible, multi-purpose, and flexible. What’s more, you can apply for Hybrid Term loan against property online from the comfort of your home with minimal documentation.

Minimum Loan value

10 Lacs

Maximum Loan value

Upto 5 Crore

Loan Tenure

Up to 15 years

Interest rate starting @

10.50%* p.a.

View Rates & Charges

Why Choose Tata Capital's Loan Against Property Hybrid Term Loan Facility?

With Tata Capital’s Hybrid Term Loan facility against property, you can access funds for any purpose, be it a medical emergency, home renovation, or any other expenses. This multi-purpose loan product offers you the utmost flexibility in repayment modes.

We offer competitive Hybrid Term Loan against property interest rates, and you only need to pay the interest on the amount you utilize. This means you can borrow a certain amount, utilize what you need, and then pay interest only on the amount you have spent.

Avail TATA Capital loans directly from WhatsApp

Apply via WhatsApp

Eligibility Criteria for Hybrid Term Loan Against Property

The applicant should be employed for a minimum of three years in an MNC, public ltd. firm, private ltd. company, PSU, state government institution, or a central government institution.
The applicant must be at least 23 years old
At the end of tenure, the applicant can be up to 65 years of age or retirement age, whichever falls first before the date of loan maturity.
The Monthly Net Income must be at least 15,000

Doctors, architects, and chartered accountants can apply
The minimum age of the time of application should be 23 years
The applicant can be up to 70 years of age at the time of loan maturity
The minimum income per annum should be Rs. 2,50,000
The applicant should be employed and earning a stable income for at least 3 years

Traders, retailers, and wholesalers can apply
The minimum age of the time of application should be 23 years
The applicant can be up to 70 years of age at the time of loan maturity
The minimum income per annum should be Rs. 2,50,000
The applicant should be employed and earning a stable income for at least 3 years

You can take the loan for a private ltd. or public ltd.
The company should be operational for at least 5 years and show two years of cash profit

Features and benefits of Hybrid Term Loan facility against property

Here are the key features and benefits of an Hybrid Term Loan facility against property:

Secured loan: The loan is secured against your property, providing higher loan amounts at favourable terms.
High loan amount: With an Hybrid Term Loan facility against property, you can borrow a significant portion of your property's value, typically up to 60-70%.
Flexible withdrawals: You can withdraw funds within the sanctioned amount, enjoying greater convenience and control over your finances.
Interest on utilised amount: You only have to pay interest on the amount you use, not on the entire sanctioned amount.
Flexible repayment tenure: Repay your loan comfortably with a flexible repayment tenure of up to 15 years.
Immediate access to funds: Get access to funds quickly and easily for various needs, such as business expansion, medical emergencies, education expenses, or home renovation.
Retain property ownership: Continue to own and use your property while leveraging its value.

Steps to Apply for an Hybrid Term Loan Against Property

You can apply for an Hybrid Term Loan facility against property online from the comfort of your home. Just follow these steps:

Fill out a simple form. It will take a few minutes.

Upload your documents

Get your loan approved and receive the amount

FAQs on Hybrid Term Loan Against Property

Yes, you may obtain a Hybrid Term loan against property for both residential and commercial property. Tata Capital offers a Hybrid Term loan against property at competitive interest rates, where you only need to pay the interest on the amount you spend.

The maximum loan value that can be obtained through a Hybrid Term Loan is Rs. 5 crores and the minimum loan value is Rs. 10 lakhs. However, it is essential to note that the actual loan value you obtain is calculated based on the property that you use as collateral. The property's market value is an important factor that helps decide the loan value of your loan.

Tata Capital offers highly competitive interest rates for Hybrid Term Loan facility starting from 10.50% per annum. The interest rate is determined based on your property's value and type, credit score, and loan tenure. The interest rate is charged on the outstanding balance of the borrowed amount. The interest rate may be applied daily or monthly, depending on the terms of your loan.

An Annual Maintenance Charge (AMC) is applicable on the Hybrid Term Loan. This charge is 0.25% of the available facility amount or ₹10,000, whichever is higher. These charges will be levied in the month immediately following a 12 month period (e.g. 13th , 25th , 37th month, etc. till the end of the loan tenure) and the same will be collected along with the EMI for the respective month.) For other applicable fees & charges, please refer our Rates & Charges Section.

Tata Capital offers a flexible repayment duration for a Hybrid Term Loan ranging between 1 and 15 years. With us, you can choose a comfortable loan tenure based on your needs and affordability. There are various repayment options, such as standard and flexi EMI plans, based on which you may choose a comfortable pace to repay your loan.

You may also prepay your loan before the completion of the tenure. However, to do so, you may have to bear foreclosure charges against your outstanding balance as mentioned on our Rates & Charges section.

Yes, you can foreclose your Hybrid term loan and following charges shall be applicable

Rate Description	Party to the Agreement & Purpose	Foreclosure Charges within 12 months of Disbursement	Foreclosure Charges after 12 months of Disbursement
Floating Rate Scheme	Individual Borrower with end use other than business	No charges	No charges
	Individual Borrower with end use as business	6% of Principal Outstanding	4% of Principal Outstanding
	Non- individual Borrower irrespective of end use	6% of Principal Outstanding	4% of Principal Outstanding
Fixed Rate scheme	Individual/s non individual borrowers irrespective of the end use	6% of Principal Outstanding	4% of Principal Outstanding

The following documents are necessary to apply-

1. The filled application form

2. A passport-sized photograph

3. Identity proof

4. Residence proof

5. Permanent Account Number OR Form 60 (wherever applicable)

6. Signature verification

7. Verification of signature

8. Income details- these include salary slips or ITR filing reports from the last two years for salaried individuals. For self-employed applicants, P&L statements and balance sheets are required.

Yes, self-employed professionals, including doctors, chartered accountants and architects, and self-employed non-professionals, such as traders and business owners, can get a Hybrid Term Loan against property with Tata Capital at competitive interest rates.

To be eligible for a Hybrid Term Loan facility , the applicant must be at least 23 years old at the time of application and less than 70 at the time of loan maturity. Self-employed individuals must have a minimum annual income of Rs. 2.5 lakhs and a stable income for at least three years.

At Tata Capital, we specialise in quick loan execution with minimum documentation. When you apply for a Hybrid Term Loan you can expect it to be verified and approved in just a few days.

The application process is simplified and made more accessible by allowing you to apply online through our website or WhatsApp.