Tata Capital Housing Finance
Loan Against Property

Following are the key details of Tata Capital Housing Finance Limited Loan Against Property:

• Diverse property types accepted: You can get a loan against residential/ commercial/ industrial property, land and even a plot.
• High loan amount: Tata Capital offers loans ranging from Rs. 5 Lakhs to Rs. 10 Crores, enabling you the flexibility to meet your substantial financial needs including business expansion, debt consolidation, or funding any personal expenses.
• Attractive interest rate: Tata Capital Housing Finance loan against property interest rates are competitive and start from just 9% per annum. An affordable interest rate ensures that your borrowing cost remains manageable and you can make the most of your loan without worrying about high interest payments.
• Flexible tenure: Tata Capital provides flexible repayment tenure of up to 20 years, allowing you to get a repayment plan that matches your repayment capacity. You can opt for a shorter tenure if you want to repay your loan faster or a longer tenure for smaller and more manageable EMIs.
• Multiple usage options: A Tata Capital mortgage loan can be used for various purposes including weddings, vacations, business expansion, working capital, medical expenses, and so on.
• LAP Overdraft facility: The lender also offers a Loan Against Property Overdraft facility, with which you can withdraw funds whenever needed and pay interest only on the amount used. This feature is beneficial for managing cash flows more efficiently.

Tata Capital loans against property interest rates is linked to TCL Retail Prime Lending Rates (TCL RPLR) for the loans disbursed on or after 1st May 2024. The interest rate may vary depending on the type of property, type of interest rate, loan amount, tenure, and borrower’s credit history. 

Here is the loan against property interest rate charged by Tata Capital:

Here is how to calculate your EMI using a Loan Against Property EMI Calculator: 

• Enter the loan amount (between Rs. 5 Lakhs to Rs. 10 Crores).
• Enter the interest rate (starting from 9% p.a.). 
• The next step is entering the desired loan tenure (1 to 20 years) in the EMI calculator. 
• Click the calculate button. 
• The system will display your EMI monthly break-up of the interest and principal payment.
• If the EMI result is higher or lower than you expected, you can edit the principal amount and follow the same steps again.

Following are the fees and charges associated with the Tata Capital Housing Finance Limited Loan Against Property:

You must meet the following eligibility criteria to apply for a Tata Capital Housing Finance Loan Against Property:

Eligibility for Salaried Employees:

• The age of the applicant should be between 23 to 65 years or up to the age of retirement (whichever is earlier at loan maturity).
• The applicant must be employed in an MNC, Public Limited Company, Large Private Limited Company, State Government, Central Government, or PSU.
• The monthly net income of the applicant must be at least Rs. 15,000.
• The applicant should have a minimum of 3 years of occupational stability.

Eligibility for Self-Employed Individuals:

• The age of the applicant should be between 23 to 65 years or up to the age of retirement (whichever is earlier at loan maturity).
• The applicant must be a doctor, chartered accountant, architect, trader, retailer, or wholesaler.
• Applicant’s annual income should be at least Rs. 2,50,000.
• The applicant should have a minimum of 3 years of occupational stability (5 years for non-individuals with at least 2 years of cash profit).

Documents required for salaried employees:

• Photo identity proof: A copy of Voter ID/ Passport/ Driving License/ Aadhaar Card
• Address proof: A copy of Voter ID/ Passport/ Driving License/ Aadhaar Card
• Signature verification
• Photograph
• Permanent Account Number (PAN) or Form 60 (wherever applicable)
• Income proof: Form 16 for the last 2 years, a copy of your bank statements for the last 12 months, and a copy of your salary slips for the last 3 months

Documents required for self-employed professionals & self-employed non-professionals:

• Photo identity proof: A copy of Voter ID/ Passport/ Driving License/ Aadhaar Card
• Address proof: A copy of Voter ID/ Passport/ Driving License/ Aadhaar Card
• Signature verification
• Photograph
• Permanent Account Number (PAN) or Form 60 (wherever applicable)
• Income proof: Income Tax Return (ITR), Profit & Loss, Balance Sheet, and a copy of your bank statements for the last 12 months

Documents required for non-individuals

• Address proof: A copy of Voter ID/ Passport/ Driving License/ Aadhaar Card
• Permanent Account Number (PAN) or Form 60 (wherever applicable)
• Authorised signatory verification
• Firm KYC
• Income proof: ITR, Profit & Loss, Balance Sheet, and a copy of your bank statements for the last 12 months

• Customized products: Tata Capital loan against property is completely customisable to suit all your small or big requirements. 
• Quick & easy application process: The loan can be availed online in a few simple steps. Just click on 'Apply' to get started with your loan against property application process. Check your eligibility, fill out the form, and submit it with the required documents. That's it.
• Transparent process: Tata Capital believes in complete transparency in all its dealings. There are no hidden fees or charges. Also, all terms and conditions are clearly communicated upfront. 
• Simplified & minimum documentation: When need funds urgently, lengthy paperwork can be frustrating. However, with Tata Capital, you can avail of a property loan instantly with minimal documentation.
• Strong after-sales service: Your loan journey with Tata Capital does not end after your loan is approved. Tata Capital’s executives are ready to help you with all your mortgage loan queries and requirements throughout your tenure.

To resolve your grievances regarding the Tata Capital loan against property, you may call or write to Tata Capital Housing Finance Limited Customer Care.

• Customer care number: 1860 267 6060
• Email ID: customercare.housing@tatacapital.com