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Your property is truly one of the most valuable assets you possess. You can use that property (both residential and commercial) as security to get immediate access to funds through our Loan Against Property. Your can meet your business aspirations or any other personal requirement that shouldn’t be compromised. We have put the power in your hands to make the best out of your property and your finance.
To be eligible for a Loan Against Property, you should be at least 25 years of age at the time of borrowing and 65 at the time of completion of the loan. If you are a salaried individual, you should earn at least ₹ 20,000 per month and have a minimum of three years of experience. In case you are an entrepreneur, your income should be at least ₹2.5 lakhs per annum and have three years of experience in your current field.
Please check the Eligibility and Documents page for more details.
It is completely up to you on how you decide to spend the loan amount. Whether you are a salaried individual or a business enterprise, here are some of the end uses for Loan Against Property:
Loan Against Property is one of the most diverse loans you can take. Using your property as collateral, you get access to funds that can address your needs. You have the choice to use the money to expand your business or use it for more personal reasons such as education or wedding. You can even use it to renovate your home or for unexpected medical expenses. It is entirely up to you as you have full freedom.
You use your property only as collateral while you continue to own the valuable asset. Only in the event that you feel that you are unable to repay the loan amount, you get the choice to sell your property in order to settle the loan. However, you have the power to tailor you repayment options to make sure you never have to lose your property.
You have the choice when it comes to what kind of property you wish to use to secure a loan. We at Tata Capital accept both residential and commercial properties as collateral. You can also apply for Loan Against Property if you own the property with other people as long as they are also co-applicants of the loan.
At Tata Capital, we offer Loan Against Property that is completely customisable to your needs. You can tailor your loan while selecting your loan tenure, amount and your repayment option according to what works best for you.
|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%|
We know that you need funds right now, which is why your application request are processed on priority. With minimal paperwork, the entire process is designed keeping your comfort in mind. It’s easy. It’s fast. And you’re set.
We accept a wide range of collateral in order to fund your needs. From pre-owned residential properties to commercial buildings, we work with you and for you.
Need some extra cash? We will give you the credit you need, and you can take care of yourself and your loved ones.
You are special to us. Now, our existing customer gets pre-qualified Top Up loan. You never have to worry about funds with us.
Our interest rates starts at 10.10% 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.
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 for you by checking our EMI Options.
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.
Whether you are salaried, self-employed or a business enterprise, we have set some basic parameters to be eligible for Loan Against Property.
|Parameters||Salaried||Self Employed Professionals||Self Employed Non-Professionals (Individuals)||Non Individuals|
|Segment||Working in MNC / Public Ltd. Co/ Large Pvt. Ltd. Co./State Govt/ Central Govt. / PSU||Doctors, Architects, Chartered Accountants||Traders, Retailers and wholesalers||Firm, Pvt Ltd , Public|
|Age||Minimum- 25 Years Maximum- 60 Years at loan maturity||Minimum- 25 Years Maximum- 60 Years at loan maturity||Minimum- 25 Years Maximum- 60 Years at loan maturity||N/A|
|Income Per Month||Rs 2,40,000||Rs 2,50,000||Rs 2,50,000||Rs 3,00,000|
|Occupational Stability||Minimum 3 Years||Minimum 3 Years||Minimum 3 Years||Minimum 3 Years (with two years cash profit)|
You only need to provide some basic documents for us to process your Loan Against Property.
|Income Details||Form 16 and latest 2 months salary slips||IT returns, Profit&Loss and Balance Sheet||IT returns, Profit&Loss and Balance Sheet|
|Bank Statements||Latest 6 months||Latest 6 months||Latest 6 months|
You have to meet some basic conditions to get Loan Against Property. At Tata Capital, we believe in extending a loan with minimal paperwork, reasonable interest rate and flexi EMI plans.
The maximum amount will depend on your needs and eligibility and it is customisable.
You can calculate how much your loan repayments might be! Tata Capital Loan Against Property EMI calculator will give you an estimated figure for the total monthly instalment payments along with the complete breakup of the repayment process. You can now strategize your repayment schedule in advance with help of our EMI calculator.