About Tata Capital Loan Against Property
Tata Capital housing finance limited is one of the leading loans providers in the Indian market. The housing finance limited offers attractive interest rates on loan against property. You can take a loan against your residential, commercial or any other alternate property and start a new business or spend money on your daughter’s marriage or any other personal need. Tata Capital provides LAP on low-interest rates starting 10.10% Onwards per annum and high loan amount of up to ₹ 5 Crores for the tenure period of up to 15 years. Here you will know more details about loan against property from Tata Capital.
Tata Capital Loan Against Property Details
Particulars | Details |
---|---|
Interest Rate | 10.10% Onwards |
Loan Amount | Up to ₹ 5 Crores |
Tenure | Up to 15 years |
Processing Fees | As per Bank's norms |
Repayment Mode | EMIs through ECS or post-dated cheques |
Prepayment Charges | NIL or up to 4% for foreclosure after lock-in period |
Features & Benefits of Tata Capital Loan Against Property
- Loan amount ranging from ₹ 5 lakhs to ₹ 5 Crores
- Interest rate 10.10% Onwards
- Flexible tenure period of up to 15 years
- Quick and easy loan processing
- Minimum paperwork
- Multi-purpose loan facility
- Loan against pre-owned residential, commercial, alternate properties (schools, hotels, hospitals, residential plots and industrial property)
Eligibility Criteria for Loan Against Property from Tata Capital
For Salaried:
- Individuals working in MNC/Public Ltd. Co/Large Pvt. Ltd. Co./State Govt./PSU
- Minimum age of 25 years and maximum of 60 years at loan maturity
- The annual income of minimum ₹ 2,40,000
- Job experience of at least 3 years
For Self-employed professionals:
- Doctors, Architects, Chartered Accountants
- Minimum age of 25 years and maximum of 60 years at loan maturity
- The annual income of at least ₹ 2,50,000
- Minimum working experience of 3 years
For self-employed non-professionals
- Traders, Retailers and wholesalers
- Minimum age of 25 years and maximum of 60 years at loan maturity
- The annual income of at least ₹ 2,50,000
- Minimum working experience of 3 years
For non-individuals:
- Firms, Pvt. Ltd, and Public
- Annual income of at least ₹ 3,00,000
- Minimum working experience of 3 years with 2 years cash profit
Documents Required
For Salaried individuals:
- Duly filled loan application form with passport size photos
- Identity proof
- Residence proof
- Latest salary slip
- Form 16
- Last 6 months bank statements with salary credit details
- Processing fee cheque
For self-employed professionals
- Duly filled loan application form with passport size photos
- Identity proof
- Residence proof
- Education qualification certificate
- Business existence proof
- Last 3 years ITR (self and business)
- Last 3 years profit/loss statement and balance sheet
- Last 6 months bank statements
- Processing fee cheque
For Businessmen:
- Duly filled loan application form with passport size photos
- Identity proof
- Residence proof
- Education qualification certificate
- Business existence proof
- Business profile
- Last 3 years ITR (self and business)
- Last 3 years profit/loss statement and balance sheet
- Last 6 months bank statements (self and business)
- Processing fee cheque
How to Apply
To apply for a loan against property at Tata Capital, you have to submit the above-mentioned documents as per the eligibility criteria and submit it to the nearest branch.
Loan Against Property EMI Calculator
EMI calculator is the tool that lets you know the monthly installment you have to pay for the loan you have taken. You have to fill up the loan amount, interest rate and tenure period in the calculator and it will show the monthly EMI. For eg. If you have taken a loan of ₹ 5,00,000 at the interest rate of 12% p.a for a tenure period of 15 years, your monthly installment will be ₹ 6,001.
For more details as per the variable interest rate, loan amount and tenure period, have a look at the table given below:
Table for EMI per month, Total Interest Outgo and Total Amount
Table Showing EMI, Interest Outgo, and Total Repayment Amount EMI, Total Interest Outgo, Total Repayment (Interest + Principal)Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount ₹ 5,00,000 12% 1 ₹ 44,424 ₹ 33,093 ₹ 5,33,093 ₹ 5,00,000 12% 2 ₹ 23,537 ₹ 64,882 ₹ 5,64,882 ₹ 5,00,000 12% 3 ₹ 16,607 ₹ 97,858 ₹ 5,97,858 ₹ 5,00,000 12% 4 ₹ 13,167 ₹ 1,32,012 ₹ 6,32,012 ₹ 5,00,000 12% 5 ₹ 11,122 ₹ 1,67,333 ₹ 6,67,333 ₹ 5,00,000 12% 6 ₹ 9775 ₹ 2,03,807 ₹ 7,03,807 ₹ 5,00,000 12% 7 ₹ 8826 ₹ 2,41,415 ₹ 7,41,415 ₹ 5,00,000 12% 8 ₹ 8126 ₹ 2,80,136 ₹ 7,80,136 ₹ 5,00,000 12% 9 ₹ 7592 ₹ 3,19,949 ₹ 8,19,949 ₹ 5,00,000 12% 10 ₹ 7174 ₹ 3,60,826 ₹ 8,60,826 ₹ 5,00,000 12% 11 ₹ 6839 ₹ 4,02,740 ₹ 9,02,740 ₹ 5,00,000 12% 12 ₹ 6567 ₹ 4,45,662 ₹ 9,45,662 ₹ 5,00,000 12% 13 ₹ 6343 ₹ 4,89,560 ₹ 9,89,560 ₹ 5,00,000 12% 14 ₹ 6157 ₹ 5,34,401 ₹ 10,34,401 ₹ 5,00,000 12% 15 ₹ 6001 ₹ 5,80,151 ₹ 10,80,151 Year Principal Interest Balance Amount 1 ₹ 12,693 ₹ 59,317 ₹ 4,87,306 2 ₹ 14,302 ₹ 57,707 ₹ 4,73,003 3 ₹ 16,116 ₹ 55,893 ₹ 4,56,886 4 ₹ 18,160 ₹ 53,849 ₹ 4,38,725 5 ₹ 20,464 ₹ 51,546 ₹ 4,18,261 6 ₹ 23,059 ₹ 48,950 ₹ 3,95,202 7 ₹ 25,984 ₹ 46,026 ₹ 3,69,217 8 ₹ 29,279 ₹ 42,730 ₹ 3,39,938 9 ₹ 32,993 ₹ 39,017 ₹ 3,06,945 10 ₹ 37,177 ₹ 34,833 ₹ 2,69,767 11 ₹ 41,892 ₹ 30,118 ₹ 2,27,875 12 ₹ 47,205 ₹ 24,805 ₹ 1,80,670 13 ₹ 53,192 ₹ 18,818 ₹ 1,27,478 14 ₹ 59,938 ₹ 12,072 ₹ 67,539 15 ₹ 67,599 ₹ 4470 ₹ 0
Tata Capital Loan Against Property Interest Rate
The interest rate for the loan against property offered by Tata Capital 10.10% Onwards
Tata Capital Loan Against Property Processing Fee
The processing fee on the loan is variable as per the loan amount and the profile of the borrower.