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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Topup Facility

Loan Against Property Top Up Facility

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Overview

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About LAP Top Up Facility

Do you need to borrow additional funds on top of your ongoing Loan Against Property? Through a mortgage loan top-up facility, you can take another loan along with your current loan and use the funds to fulfill your personal financial needs.

Tata Capital's LAP top-up facility allows existing customers to exclusively avail of a loan over and above the existing mortgage loan. You can take a loan of 100% or more of the current loan amount. With this hassle-free top-up loan, you can access funds immediately and use them for your personal needs, such as medical emergencies, home renovation, and more.

Minimum Loan value

1 Lac

Maximum Loan value

3 Crore

Loan Tenure

Up to 15 years

Interest rate starting @

9% p.a. onwards

View Rates & Charges

Why Choose Tata Capital for a loan against property Top Up Facility?

A quick and easy loan approval process

If you are an existing customer, your creditworthiness has been assessed and verified. So, you are already qualified for a top-up loan.

A high loan amount

You can borrow 100% or more of your current loan amount on top of your existing loan.

Attractive interest rates

Loan against property top-up loans offer you the same attractive rates of interest as your ongoing loan. However, you can negotiate for even lower interest rates.

Long loan tenure

The loan tenure of the mortgage top-up loan is based on the tenure of the original home loan. You can enjoy a tenure of up to 15 Years if you take a mortgage loan top-up.

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Eligibility Criteria for LAP Top Up Facility

Top Up Eligibility for Salaried Individuals

You should be employed for a minimum of three years in any of the following: an MNC, public ltd. firm, private ltd. company, PSU, state government institution, or a central government institution.
At the time of application, you must be at least 23 years old
At the end of tenure, you 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

Top Up Eligibility for Self-Employed Professionals

Self-employed professionals like doctors, architects, and chartered accountants can apply for a LAP.
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 annual income should be Rs. 2,50,000.
The applicant should be employed steadily and have a stable income for at least 3 years

Top Up Eligibility for Self-Employed Non-Professionals

Self-employed non-professionals like 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

Top Up Eligibility for Non-Individuals

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

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 nursing homes, playschools, 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. 10 crores.

We offer highly competitive interest rates starting from 9% onwards for Floating rate of interest and 13% for fixed rate of interest. 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)

The Monthly Net Income must be at least 15,000

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

Must have occupational stability of at least 5 years (with at least 2 years of cash profit)

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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