Tata Capital Home Loan

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About Tata Capital Home Loan

Tata Capital Housing Finance Limited helps you realize your dreams faster. Whether you are buying a plot for house construction, building a house, purchasing an apartment, buying a resale property or remodeling your current home, Tata Capital Home Loan covers it all. Are you someone looking for Home Loan options? The best option available for you could be to avail the Tata Capital Home Loan, which are provided to salaried individuals, self-employed and businessmen for their specific needs. Individuals have the flexibility to choose from home loans available for the tenure ranging 12 months to 360 months.

Home Loan

Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure

    Almost done, few more details required.

    Tata Capital Home Loan Interest Rate December 2019

    ParticularsDescription
    Interest Rates9.20% - 9.35%
    Loan AmountFrom ₹2 lakhs to ₹10 crores
    Tenure20 years subject to your retirement age
    Processing Fees₹5700 as the starting fees
    Pre-payment or ForeclosurePenalty-free prepayment of upto a maximum of 25% of principal outstanding in a year.
    No foreclosure charges on floating rate loans sanctioned to individuals or on fixed rate loans being pre-closed out of borrower's own sources.

    What are the Eligibility Criteria for getting a Tata Capital Home Loan?

    In order to apply for a home loan, you will need to meet a few basic conditions. Have a look at them below.

    For salaried Individuals:

    • The applicant must be between 24 and 65 years of age (at the time of loan completion).
      The minimum monthly income must be ₹30,000.
      The applicant must have a work experience of minimum 2 years.

    For Self-employed Individuals:

    • The age must be between 24 and 65 years of age (at the time of loan completion)
    • The applicant must have a minimum of 3 years’ total experience in the current field.

    How can you use the Tata Capital Home Loan Eligibility Calculator?

    If you want to check how much loan amount you can get and what will be the exact monthly installment for it, then look nowhere, as, with the help of the Tata Capital Home Loan Eligibility Calculator, you can do this in a few easy steps. You will only need a bunch of basic details to be filled in the calculator which you can check out below.

    • Your Net Monthly Income
    • Tata Capital home loan rate of interest
    • Existing Monthly Obligations (If there are any)
    • Desired Tenure (Number of months for which you want to opt the loan amount)

    The calculator will give you the maximum eligible loan amount and the EMI amount within a fraction of a second. As soon as you get the eligible amount, and if you’re satisfied with all the details, you can quickly apply from there only.

    Tata Capital Home Loan EMI Calculator

    With the help of Tata Capital Home Loan EMI Calculator, know your estimated figures or the total payments due along with a break-up of the Home Loan repayment process. The calculator will do calculations based on the loan tenure as well as the interest rates levied on your home loan. In this manner, you will get a fair understanding of the ratio of the principal amount to the interest due, based on the effect of the Home Loan tenure and interest rates.In addition, you can also use the calculator for accessing an amortization table in order to plan your repayment schedule carefully.

    For example:  A steel manufacturer having a business turnover of ₹2 crores wants to apply for a home loan of ₹20 lakhs payable after 20 years at varying interest rates.  The home loan will be used for purchasing a ready-made flat in a posh-locality of Greater Noida. You wish to know the total equated monthly installments along with the interest amount that will be payable on your home loan. The following table specifies the calculated EMI, interest payment and the total amount (EMI+Interest) required to be paid each year on your home loan.

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 20,00,0008.75%1₹ 1,74,671₹ 96,054₹ 20,96,054
    ₹ 20,00,0008.75%2₹ 91,140₹ 1,87,366₹ 21,87,366
    ₹ 20,00,0008.75%3₹ 63,367₹ 2,81,213₹ 22,81,213
    ₹ 20,00,0008.75%4₹ 49,533₹ 3,77,584₹ 23,77,584
    ₹ 20,00,0008.75%5₹ 41,274₹ 4,76,468₹ 24,76,468
    ₹ 20,00,0008.75%6₹ 35,803₹ 5,77,846₹ 25,77,846
    ₹ 20,00,0008.75%7₹ 31,925₹ 6,81,699₹ 26,81,699
    ₹ 20,00,0008.75%8₹ 29,042₹ 7,88,001₹ 27,88,001
    ₹ 20,00,0008.75%9₹ 26,822₹ 8,96,726₹ 28,96,726
    ₹ 20,00,0008.75%10₹ 25,065₹ 10,07,842₹ 30,07,842
    ₹ 20,00,0008.75%11₹ 23,646₹ 11,21,316₹ 31,21,316
    ₹ 20,00,0008.75%12₹ 22,480₹ 12,37,111₹ 32,37,111
    ₹ 20,00,0008.75%13₹ 21,508₹ 13,55,188₹ 33,55,188
    ₹ 20,00,0008.75%14₹ 20,688₹ 14,75,504₹ 34,75,504
    ₹ 20,00,0008.75%15₹ 19,989₹ 15,98,015₹ 35,98,015
    ₹ 20,00,0008.75%16₹ 19,389₹ 17,22,675₹ 37,22,675
    ₹ 20,00,0008.75%17₹ 18,870₹ 18,49,436₹ 38,49,436
    ₹ 20,00,0008.75%18₹ 18,418₹ 19,78,247₹ 39,78,247
    ₹ 20,00,0008.75%19₹ 18,022₹ 21,09,056₹ 41,09,056
    ₹ 20,00,0008.75%20₹ 17,674₹ 22,41,811₹ 42,41,811

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    YearPrincipalInterestBalance Amount
    1₹ 38,614₹ 1,73,476₹ 19,61,385
    2₹ 42,132₹ 1,69,958₹ 19,19,252
    3₹ 45,970₹ 1,66,120₹ 18,73,282
    4₹ 50,158₹ 1,61,932₹ 18,23,123
    5₹ 54,727₹ 1,57,363₹ 17,68,396
    6₹ 59,712₹ 1,52,378₹ 17,08,683
    7₹ 65,152₹ 1,46,938₹ 16,43,530
    8₹ 71,087₹ 1,41,003₹ 15,72,443
    9₹ 77,563₹ 1,34,527₹ 14,94,879
    10₹ 84,629₹ 1,27,461₹ 14,10,250
    11₹ 92,338₹ 1,19,752₹ 13,17,912
    12₹ 1,00,750₹ 1,11,340₹ 12,17,162
    13₹ 1,09,928₹ 1,02,162₹ 11,07,234
    14₹ 1,19,942₹ 92,149₹ 9,87,291
    15₹ 1,30,868₹ 81,222₹ 8,56,423
    16₹ 1,42,789₹ 69,301₹ 7,13,633
    17₹ 1,55,797₹ 56,293₹ 5,57,836
    18₹ 1,69,989₹ 42,101₹ 3,87,846
    19₹ 1,85,475₹ 26,615₹ 2,02,371
    20₹ 2,02,499₹ 9719₹ 0

    What are the documents required?

    There are certain documents that you will need to submit while applying for this home loan facility. Apart from a few basic documents, both salaried and self-employed individuals have to submit a different set of documents. You can have a look at them below.

    For Salaried Individuals:

    • Age Proof – A copy of Passport/ Driving Licence/ PAN Card
    • Photo Identity Proof – A copy of Aadhar Card/ Voter ID Card/ Passport
    • Address Proof – A copy of Bank statements/ Property Taxes/ Utility Bills
    • Salary Slips for the last three months
    • Income Proof – A copy of Salary Bank Account Statement for the Last Six Months
    • Existing Loan Details (If any)
    • Processing Fee Cheque

    For Self-employed Individuals:

    • Age Proof – A copy of Passport/ Driving Licence/ PAN Card
    • Photo Identity Proof – A copy of Aadhar Card/ Voter ID Card/ Passport
    • Address Proof – A copy of Bank statements/ Property Taxes/ Utility Bills
    • Business Proof – A copy of the last two years’ Income Tax Returns (ITR) 
    • Income Proof – A copy of the Current Account Statement for the Last Six Months
    • Existing Loan Details (If Any)
    • Processing Fee Cheque

    What are Some of the Exciting Features and Benefits?

    • Attractive Interest Rates at lowest possible EMI
    • Flexi EMIs with Higher Home Loan Amount Eligibility
    • Quick processing and doorstep service
    • Minimal documentation Process
    • Flexibility to choose from a list of Approved projects of Tata Capital Home Loan

    Tata Capital Home Loan Customer Care Contact Number

    If you face any difficulty regarding home loan interest rates, tenure, loan amount or any queries relating to eligibility criteria or processing fees then you can contact Tata Capital home loan customer care representative on 1800-209-6060 or write an email at the email address given on the website.

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