What are the Flexi EMI plans available to me?

With Tata Capital, you can choose from a standard and flexible EMI structure depending on your income. Under the Standard EMI plan, your EMI amount remains the same for the entire loan tenure, and you make consistent payments. It is ideal for applicants with a fixed income.Under the Step up Flexi plan, you can pay lower EMI at the beginning and gradually increase the payment with an increase in income. Individuals who expect a regular increase in their income can benefit from this plan and manage their income flow more efficiently.

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Loan Against Property Overdraft Rates & Charges

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Overview Required Documents Rates & Charges

Loan Against Property Overdraft Interest Rates & Charges

Processing Fee

A loan against land interest rate will vary from a loan against commercial property interest rate. But, besides the loan against property interest rate, you'll have to pay a processing fee depending on the type of property.

Residential and Commercial properties (HE) - 1% of finance amount + GST
Rest all other properties (HE Plus) - 1.25% of finance amount + GST

Part Payment Charges

12 months lock-in period.

After 12 months, a maximum of 25% of the principal outstanding is allowed by way of part prepayment during the entire tenor of the loan, with payments being made in 2 tranches at the maximum.

Miscellaneous Charges

Bounce Charges

₹ 2000

Mandate Rejection Service Charge

₹ 450 + GST

Charges will be applicable on your EMI Due date in case the account does not have an Active mandate after the exhaustion of the given post-dated cheques. This charge would be applied every month until there is an Active Mandate linked to the account.

CCOD Annual Maintenance Charges

₹ 10,000 /- per annum (Plus GST)

Application Fees

Up to ₹ 3 Cr - ₹ 3,000 + GST
Above ₹ 3 Cr - ₹ 5,000 + GST

Lock in Periods

12 months from the date of limit set

Foreclosure Charges

Within Lock in Period- 4% + Lock-in Period charges + taxes After Lock in Period- 4% + taxes

(Please Note- Foreclosure charges will be levied on the applicable Maximum Credit Limit)

Loan Cancellation Charges

₹ 25,000 + GST

Instrument Dishonour Charges

Rs 2000 + GST per dishonour per instrument

One-Time Maintenance Charges

₹ 2000 + GST

Final LAP Interest Rate Certificate Request charges

₹ 200 + applicable charges

Stamp Duty

As per actuals and will be borne by the borrower

Legal & Technical Charges

Up to ₹ 1 Cr - ₹ 6,000 + GST
Above ₹ 1 Cr - ₹ 11,000 + GST

Foreclosure within Lock-In Period

Lock-in period charges (Prevailing ROI x Principal Outstanding as on date of Foreclosure x Balance Lock-in) + Foreclosure charges (4%) + GST

Switch Fee Charges

12 months lock-in period - No changes allowed
After 12 months - 5000 + GST or 0.10% + GST of POS whichever is higher - For rate reduction less than 0.75%
7500 + GST or 0.15% + GST of POS whichever is higher - For rate reduction greater than 0.75% to 1.50%
10000 + GST or 0.25% + GST of POS whichever is higher – For rate reduction greater than 1.5%

Disclaimer: The loan against property interest rates/charges indicated above are subject to revision at Tata Capital’s discretion from time to time.For the definitions of the above charges, please refer to the Master Terms & Conditions sheet.Soft copies of documents mentioned in the table above will be provided free of cost. For hard copies, please refer to the above table for the applicable fees & charges.

Popular FAQs

Financial emergencies can knock at your door without warning. And when that happens, you can make the most of your owned property with a Loan Against Property. It is a secured form of finance that you can avail against self owned property and get immediate access to funds for all your urgent needs – from business expansion to a personal needs .

A loan against property is a convenient means of securing immediate funds for varying financial needs. It offers exciting benefits such as-

Multipurpose loan

Attractive interest rates

Flexible loan tenure

Low processing fee

Simple application process

Fast approval and disbursal

When it comes to a loan against property, it is a common myth that you can only put a residential property as collateral. But you can secure an affordable loan against various commercial and residential properties. These include-

Residential property (House, Flat, Bunglow, etc)

Commercial property (Shops, Offices, Commercial Space, etc.)

Residential & Industrial plots

Properties such as hospitals, schools, industrial property, etc.

Yes, you can easily secure a loan against a co-owned property. However, all the co-owners have to apply for the loan as co-applicants.

There are several types of Loan Against Property for,

Loan to traders for working capital needs

Loans to manufacturers for equipment/machinery purchases

Loan to commercial purchase of property

Additional Loan to existing customers

Loan to consolidate all existing debts to reduce EMI burden

Lease rental income

Excited to give your home a makeover? Need funds for business expansion? Or need to take care of a personal expense? With a Loan Against Property from Tata Capital, there are no restrictions on the end-use of funds. Here are the various ways you can use a loan against property –

Personal needs such as Marriage, Higher education to children, medicale emergency etc

Property renovation

Debt consolidation

Fulfil working capital needs of business

Mortgage buyout

Refinancing self-financed property

No. The processing fee is non-refundable under any situation, such as rejection or withdrawal of the loan application. It covers the expenses we incur to process your loan application, including calculating your eligibility, assessing your loan application, verification of documents, and so on.

At Tata Capital, we offer a flexible tenure to make the loan repayment super comfortable for you. You can avail of a loan against property for a maximum term of up to 240 months.

The maximum loan amount you can borrow depends on your eligibility and is customisable to suit your needs. We extend an affordable loan against property for up to Rs. 5 crores.

We offer highly competitive interest rates starting from 10.10%. Moreover, we offer flexible loan tenure and a convenient EMI structure to make your loan extremely affordable.

There are times when you might receive a sudden inflow of cash. In such situations, you can easily pre-pay your loan against property in part or in full and reduce your outstanding amount.

At Tata Capital, our loans come with easy-to-meet eligibility criteria, which differ for salaried or self-employed individuals. Here are the basic eligibility criteria-

For Salaried Individuals

Segment- Working in MNC/ Large Pvt. Ltd. Co./ Public Ltd. Co./ State Govt./ PSU/ Central Govt.

Must be between the age of 23 to 65 years or retirement age (whichever is earlier)

Minimum income – Rs. 2,40,000

Must be working for at least 3 years

For Self-Employed Professionals

The applicant must be between the age of 23 to 70 years (at loan maturity)

Segment- Doctors, Chartered Accountants, Architects

The applicant must have a minimum annual income of Rs. 2,50,000

The applicant must be in the profession for at least 3 years

For Self-Employed Individuals (Non-Professionals)

Segment- Retailers, Wholesalers, Traders, Manufacturer

Age- 23 to 70 years (at maturity)

Must have a minimum annual income of Rs. 2,50,000

Must be working in the business for at least 3 years

Non-Individuals

Segment- Firm, Pvt. Ltd., Public

Age- 25 to 60 years (at loan maturity)

The applicant must have a minimum annual income of Rs. 3,00,000

Must have occupational stability of at least 3 years (with at least 2 years of cash profit)

We only ask for minimal documentation to process your loan against property.

Application form

Photograph

ID proof (Voter card/Aadhaar Card/ Driving License)

Address proof

Signature verification

Latest bank statements (last 6 months)

Form 16 and salary slips of the last 2 months (salaried individuals)

IT returns, Balance Sheet, and Profit & Loss (for self-employed professionals and individuals)

With Tata Capital, you can choose from a standard and flexible EMI structure depending on your income.

Under the Standard EMI plan, your EMI amount remains the same for the entire loan tenure, and you make consistent payments. It is ideal for applicants with a fixed income.
Under the Step up Flexi plan, you can pay lower EMI at the beginning and gradually increase the payment with an increase in income. Individuals who expect a regular increase in their income can benefit from this plan and manage their income flow more efficiently.

Securing a loan against property with Tata Capital is fairly simple and quick. All you need to do is-

Visit our website and fill in the application form

Upload the necessary documents

Wait while we process your application and verify the documents

Get instant approval

At Tata Capital, your convenience is our priority. That is why we offer you various easy ways to apply for a loan.

Online

Visit our website and share your details by clicking here

Branch

Visit your nearest branch and get in touch with our lending experts. Rest assured, you can secure a loan hassle-free as they will manage the loan process, from application to disbursal.

Phone

Looking to know more? Call us on our customer care number at 1860 267 6060 from 9 am to 8 pm.

Virtual Assistant

Ditch the long wait and get answers to your queries in real time! Connect with our 24/7 virtual assistant and enjoy a hassle-free loan application experience!

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