Tata Capital Home Loan Interest Rates

Highlights of Tata Capital Home Loan are as below:

Following are the Features of Tata Capital Home Loan:

• Loan amount: Up to 80% of the property; Rs 5 Lakhs to Rs 5 Crores
• Tata Capital Home Loan interest rates start at 8.75% p.a. onwards
• Repayment tenure: Maximum up to 30 years
• Tata Capital Home Loan Processing Fees is nominal, i.e. 2% of loan amount+ GST.
• Lowest EMI possible: Rs. 787 Per Lakh

Home Loan:

Home Equity:

The Home Loans at Tata Capital are available at very attractive interest rates, starting at 8.75% onwards. They offer concessional interest rates on Home Loans to women borrowers. Additionally, people belonging to low income groups get subsidised Home Loans under PMAY subsidy.

Tata Capital gives you the flexibility to opt for Fixed Interest Rate Home Loan/ Home Equity Loan for the initial three years. The rates will automatically get converted into Floating Interest Rates after three years term.

You can calculate Tata Capital Home Loan Interest Burden by using a manual formula or by using an online Home Loan EMI Calculator.

Formula is:       
Interest Amount = Principal Loan Amount x Interest Rate x Time 

Using a calculator is faster and handy.

In order to use the calculator, fill the loan details like amount, interest rate and tenure.

Press the submit button. 

Instantly you will get the results, highlighting loan EMI, total repayment and total interest amount.

If you use the MyMoneyMantra Home Loan EMI calculator, you will also get amortization schedule of the loan alongside graphical representation of the loan principal and interest.

Comparison Table with Other Banks Interest Rates - 2024

Some common factors that may impact the Home Loan interest rate at Tata Capital include:

• Loan amount: The Home Loan amount has a considerable effect on the interest rate. The interest rate can be low for higher Home Loan amount.
• The income of the borrower: The income of the borrower plays an important role in determining their repayment capacity. Good interest rate is offered to high-income individuals. You can add the income of your spouse or any other eligible co-borrower to improve your eligibility and reduce the rate.
• Type of loan opted for: Different interest rates are offered on different types of Home Loan schemes. The interest rate also depends on the floating or fixed interest rate scheme. It is important to thoroughly study all the Home Loan offers and schemes before finalising the type of Home Loan.
• Existing relationship: Tata Capital offers attractive interest rates to its existing customers based on their relationship with the lender.
• Credit score: The interest rate may be higher for applicants having low CIBIL score and vice versa.

Apart from interest rates, there are some other charges that are levied by Tata Capital on the Home Loan, such as

• Processing fee: Tata Capital charges a processing fee of 2% of loan amount+ GST. on the Home Loan amount plus applicable taxes. This fee is non refundable.
• Foreclosure charges: No charges are applied on foreclosure of Home Loan if you pay off with your own funds. If you use someone else's money for foreclosure, then a foreclosure charge of 2% will apply.
• Charges for the delay in EMI payment: The borrower has to bear charges of an additional 2% per month on the prevailing rate for late payment.
• Legal charges: On actual
• Collection agency charges: On actual