Home Loan

What is a Home Loan?

A Home Loan is a loan taken to

• Buy a plot of land or property and construct a house on it
• Buy an already constructed house or apartment
• Renovate your home into your dream house (Home Improvement)
• Conduct Home Repairs in your house
• Add new built-up area to an existing house (Home Extension)

Who is Eligible for a Home Loan ?

You can avail a Home Loan from Tata Capital if you are:

• Above 24 years of age at the time of borrowing the loan
• Within 65 years of age or superannuation (for salaried individuals) whichever is earlier at the time of maturity of the loan
• Salaried individuals working in reputable companies
• Self-employed professionals
• Self-employed non-professionals or businessmen

How much Home Loan amount can you avail?

The Minimum Home Loan amount is Rs 2 Lakhs ( Rs 2,00,000 ) and the Maximum Housing Loan amount is Rs 10 Crores ( Rs 10,00,00,000 ) subject to 80% of the market value of the property.

What is the current Home Loan Interest Rates?

The current home loan interest rates are different for different classes of borrowers. The current rates are

• For salaried professionals and doctors, the lowest rate is 8.75 to 8.8% for a loan amount up to Rs 75 lakhs, and 8.8 to 8.85% for a loan amount above Rs 75 lakhs
• For self-employed professionals and non-professionals, the lowest rate is 8.9% for a loan amount up to Rs 75 lakhs and 9.05% for a loan amount above Rs 75 lakhs

How much EMI do you have to pay?

Your equated monthly installments or EMI would depend on 3 variables: the amount of loan, the interest rate charged and the tenure of the loan. To understand how much EMI you would need to be paid, you can use our Home Loan EMI Calculator to understand the outflow of your home loan.

How to Apply for a Home Loan Online?

Applying for a home loan is as easy as saying 1, 2, 3. In three easy steps, you can submit your application for a home loan from Tata Capital. The three steps are:

• 1. In the first step, enter personal details sought for such as full name as per PAN, gender, date of birth, residential status, email id, mobile number, city, PIN code, and profession.
• 2. In the second step, select the housing loan amount and loan tenure.
• 3. In the third step, submit the application to get a home loan.

Contact For Further Information Regarding Loans-- 9821611251