Tata Capital Loan Against Property Interest Rates 2016

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 from 12% to 15% p.a and high loan amount of up to Rs. 5 Crores for the tenure period of 15 years. Here you will know more details about loan against property from Tata Capital.

Tata Capital Loan Against Property Details

ParticularsDetails
Interest Rate12% to 15% p.a
Loan Amount Up to Rs. 5 Crores
TenureUp to 15 years
Processing FeesNot specified
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 Rs. 5 lakhs to Rs. 5 Crores
  • Interest rate from 12% 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)  
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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 Rs. 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 Rs. 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 Rs. 2,50,000
  • Minimum working experience of 3 years

For non-individuals:

  • Firms, Pvt. Ltd, and Public
  • Annual income of at least Rs, 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
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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 instalment 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 Rs. 15,00,000 at the interest rate of 12% p.a for a tenure period of 15 years, your monthly instalment will be Rs. 18,003/-.

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

Amount (in Rs.)Rate of Interest (p.a.)Loan Tenure (in years)EMI (in Rs.)Total Interest Outgo (in Rs.)Total Amount (Principal + Interest) (in Rs.)
15,00,00012%-15%11,33,273 - 1,35,38799,278 - 1,24,65015,99,278 - 16,24,650
15,00,00012%-15%270,610 - 72,7301,94,645 - 2,45,51916,94,645 - 17,45,519
15,00,00012%-15%349,821 - 51,9982,93,573 - 3,71,92817,93,573 - 18,71,928
15,00,00012%-15%439,501 - 41,7463,96,036 - 5,03,81418,96,036 - 20,03,814
15,00,00012%-15%533,367 - 35,6855,02,000 - 6,41,09420,02,000 - 21,41,094
15,00,00012%-15%629,325 - 31,7186,11,421 - 7,83,66121,11,421 - 22,83,661
15,00,00012%-15%726,479 - 28,9457,24,244 - 9,31,39122,24,244 - 24,31,391
15,00,00012%-15%824,379 - 26,9188,40,409 - 10,84,13823,40,409 - 25,84,138
15,00,00012%-15%922,776 - 25,3879,59,846 - 12,41,74324,59,846 - 27,41,743
15,00,00012%-15%1021,521 - 24,20010,82,477 - 14,04,02925,82,477 - 29,04,029
15,00,00012%-15%1120,517 - 23,26412,08,220 - 15,70,81227,08,220 - 30,70,812
15,00,00012%-15%1219,701 - 22,51313,36,985 - 17,41,89428,36,985 - 32,41,894
15,00,00012%-15%1319,030 - 21,90414,68,679 - 19,17,07329,68,679 - 34,17,073
15,00,00012%-15%1418,471 - 21,40616,03,202 - 20,96,14031,03,202 - 35,96,140
15,00,00012%-15%1518,003 - 20,99417,40,454 - 22,78,88532,40,454 - 37,78,885
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Amortization Table

YearPrincipal (In Rs.)Interest (In Rs.)Balance Amount (In Rs.)
138085-28858177951-2230701461915-1471142
242915-33497173121-2184311419000-1437645
348360-38879167676-2130491370640-1398766
454494-45132161542-2067961316146-1353634
561404-52387154632-1995411254742-1301247
669191-60808146845-1911201185551-1240439
777966-70584138070-1813441107585-1169855
887851-81930128185-1699981019734-1087925
998997-95103117039-156825920737-992822
10111551-110392104485-141536809186-882430
11125698-12813790338-123791683488-754293
12141641-14873374395-103195541847-605560
13159603-17264156433-79287382244-432919
14179845-20039736191-51531202399-232522
15202575-23278013382-193170

Tata Capital Loan Against Property Interest Rate

The interest rate for the loan against property offered by Tata Capital ranges from 12% p.a to 15% p.a.

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.