TATA CAPITAL HOUSING FINANCE

Documents	Salaried	Self-employed Professional	Self-employed Non-Professional
Application Form + Photo	Yes	Yes	Yes
Identity / Address / Age Proof	Yes	Yes	Yes
Bank Statements (6 Months)	Yes	Yes	Yes
Salary Slips (3 Months)	Yes	No	No
Processing Fee Cheque	Yes	Yes	Yes
Form 16 / ITR	Yes	Yes	Yes
Proof of Business Existence	No	Yes	Yes
Business Profile	No	No	Yes
Education Qualification Certificate	No	Yes	No
ITR (Last 3 Years)	No	Yes	Yes

Get Home Loan Online Up to ₹7.5 Crores*

Tata Capital offers housing loans up to ₹7.5 crores* with an attractive interest rate starting from just 7.75% per year. Enjoy a seamless online application process, minimal documentation, and instant provisional sanction. With loan terms of up to 30 years, Tata Capital ensures your journey to homeownership is smooth and stress-free.

Loan Amount

Up to ₹7.5 crores*

Loan Tenure

Up to 30 years

Interest Rate

Starting @ 7.75% p.a.

Housing Loan Fees & Charges

Discover Home Loan Interest Rates and Charges below

Particulars	Salaried	Self-Employed
Loan Amount	₹5 lakhs to ₹7.5 crores*	₹5 lakhs to ₹7.5 crores*
Loan Tenure	Up to 30 years	Up to 30 years
Interest Rate	7.75% per annum	Starting @ 8.35%
Required Documents	Mentioned Above	Mentioned Above
Eligibility Criteria	Minimum salary ₹30,000 + 2 years work experience	3 years experience in same business
Co-Applicant Tax Benefit	Up to ₹2L under Sec. 24 + Up to ₹1.5L under Sec. 80C	Up to ₹2L under Sec. 24 + Up to ₹1.5L under Sec. 80C
Processing Fees	Starting @ 0.10% of Loan Amount + GST	Starting @ 0.20% of Loan Amount + GST
Foreclosure Charges	No charges if paid with own funds. Nominal charges if paid using external funds.	No charges if paid with own funds. Nominal charges if paid using external funds.
Delayed EMI Payment	2.00% PM (24% PA) on default amount	2.00% PM (24% PA) on default amount

Home Loan Eligibility Criteria

Step closer to owning your dream home. Tata Capital offers home loans with simple eligibility criteria and a smooth application process. Review the requirements below and take the next step today.

Eligibility Criteria	Details
Age Specifications	Applicants aged 21–65 years are eligible
Income Criteria	Stable income required. Use our EMI or Home Loan Eligibility Calculator for clarity.
Loan Tenure	5–30 years
Employment Profiles	Open to salaried employees, self-employed professionals, and entrepreneurs.
Credit Health	A good credit score is essential for approval, reflecting financial discipline and creditworthiness.

Features and Benefits of Tata Capital Home Loan

Loan Amount up to ₹7.5 Crore*
Get financing of up to ₹7.5 crore* to buy, build, or upgrade your dream home.
Affordable Interest Rates
Housing loan interest rates start from 7.75%, tailored to your profile for budget-friendly EMIs.
Fast Approvals
Get home loan approval in just 48 hours through Tata Capital’s quick online process.
Flexible Tenure
Choose a repayment term between 5 to 30 years, based on your comfort.
EMI Calculator
Use our online EMI calculator to check eligibility and plan your loan confidently.
Multiple Financing Options
Finance ready homes, under-construction properties, land purchases, or home extensions under one loan.
Smooth Processing
Enjoy a hassle-free experience from application to disbursal, supported by expert guidance.
Co-applicant Advantage
Add a co-applicant to boost eligibility, reduce interest rates, and maximise tax savings under Sections 24 & 80C.

* Maximum loan amount may increase based on individual eligibility as per Tata Capital’s approved policy.

Co-Applicant Benefits • Repayment Options

Clear guidance to help you plan your home loan with confidence.

What Is The Benefit Of Having A Co-Applicant?

Adding a co-applicant strengthens your home loan application by combining incomes and credit profiles — which can:

Increase your eligible loan amount (based on combined incomes).
Improve chances of approval and possibly lower your interest rate.
Share EMI repayment responsibility (reduces burden on one person).
Both applicants can claim tax benefits under Section 24 & Section 80C.

Tip: A co-applicant with strong credit improves total benefits.

House Loan Repayment Options

Standard EMI Plan

Fixed equal monthly instalments for the loan tenure — stable, predictable, and ideal for consistent income earners.

Step-Up / Flexi EMI Plan

Begin with lower EMIs and gradually increase them as your income grows. Reduces initial EMI load and helps optimise interest outflow.

Additional Features

Part-payment or prepayment options (subject to lender rules).
Top-up loans for extra financial needs on existing loans.
Overdraft facilities (e.g., MAXGAIN) to manage surplus funds smartly.

Pro Tip: Compare tenure & EMI combinations using an online EMI calculator.

Home Loan – Frequently Asked Questions

1. What is a Home Loan?

A home loan is money borrowed from a bank or lender to buy or construct a house, repaid in monthly EMIs.

2. What are the different types of housing loans?

Home purchase loan, construction loan, home improvement/extension loan, plot loan, balance transfer loan, top-up loan.

3. Who can be a co-applicant for Home Loan?

Co-applicant can be a spouse, parent, sibling, or child sharing the loan responsibility.

4. What is the maximum home loan limit?

Tata Capital offers home loans ranging from ₹5 lakhs up to ₹7.5 crores*, depending on your eligibility.

5. Can I avail two home loans at the same time?

Yes, if your income, credit score, and repayment capacity meet bank criteria.

6. What is the maximum home loan tenure?

Home loan tenures usually go up to 30 years.

7. When do home loan EMIs start?

EMIs start from the month following the full loan disbursement.

8. Can I get a home loan with a ₹15,000 salary?

Yes, but the loan amount will be limited depending on eligibility.

9. What is the EMI for ₹20 lakh home loan?

EMI varies based on interest rate & tenure. Use an EMI calculator for exact results.

10. Can I get a 100% home loan?

No. Most lenders finance only 75–90% of the property value.

11. What are the tax benefits on a home loan?

₹2,00,000 interest deduction (Section 24) + ₹1,50,000 principal deduction (Section 80C).

12. What is the home loan processing fee?

Tata Capital charges ~0.5% of the loan amount (may vary).

13. Which factors affect eligibility?

Income, CIBIL score, age, job stability, existing EMIs, property value.

14. Is home loan insurance mandatory?

No, but highly recommended for financial safety.

15. How to track home loan status?

Track using the application number via website, mobile app, or customer care.

Home Loan — Frequently Asked Questions

Clear answers to common home-loan questions — click a question to expand.

1. What is a Home Loan? ⌄

A home loan is borrowed money from a bank or lender to buy or construct a house or flat. You repay it over time via monthly EMIs (equated monthly instalments). The property usually acts as collateral until the loan is repaid.

2. What are the different types of housing loans? ⌄

Common types include: home purchase loans, construction loans, home improvement/extension loans, plot purchase + construction loans, balance-transfer loans, and top-up loans.

3. Who can be a co-applicant for a Home Loan? ⌄

A co-applicant can typically be a spouse, parent, sibling, or child — anyone who shares repayment responsibility. Lenders consider both applicants’ incomes and credit histories when assessing eligibility.

4. What is the maximum home loan limit? ⌄

Tata Capital commonly offers loans from ₹5 lakhs up to ₹7.5 crores*, but the final eligible amount depends on income, credit score, property value and lender policy.

5. Can I avail two home loans at the same time? ⌄

Yes — it is possible if your combined income, credit score, and repayment capacity meet the lender’s eligibility criteria. Lenders will assess debt-to-income ratios and outstanding liabilities.

6. What is the maximum home loan tenure? ⌄

Most lenders offer tenures up to 30 years. The exact maximum depends on applicant age and lender policy.

7. When do home loan EMIs start? ⌄

EMIs generally start from the month following full loan disbursement. Confirm exact EMI start with your lender since timing can vary by disbursal schedule.

8. Can I get a home loan with a ₹15,000 salary? ⌄

Some lenders approve loans for lower salaries, but loan amounts will likely be limited. Approval depends on income stability, credit score, existing obligations and lender norms.

9. What is the EMI for a ₹20 lakh home loan? ⌄

EMI depends on interest rate and tenure. Use an EMI calculator to compute exact EMI (example: try 7.75% p.a. over 20 years to estimate).

10. Can I get a 100% home loan? ⌄

100% financing is rare with regulated lenders. Most lenders finance ~75–90% of property value; you normally need to arrange a down payment (10–25%) yourself.

11. What are the tax benefits on a home loan? ⌄

Typical benefits: deduction up to ₹2,00,000 on home loan interest under Section 24 (conditions apply) and deduction up to ₹1.5 lakh on principal repayment under Section 80C.

12. What is the home loan processing fee? ⌄

Processing fees vary by lender. Example: Tata Capital may charge around 0.5% of the loan amount — check current rates with the lender as they can change.

13. Which factors affect home loan eligibility? ⌄

Income, credit/CIBIL score, age, job/employment stability, existing liabilities (EMIs), property value and documentation completeness are key factors.

14. Is home loan insurance mandatory? ⌄

Not mandatory in most cases, but recommended. Home loan insurance or loan protection policies help cover outstanding debt in case of death or serious disability.

15. How to track home loan application status? ⌄

Use your application reference number on the lender’s portal or mobile app, or call customer care for live updates.

16. How does adding a co-applicant help? ⌄

A co-applicant increases combined income considered by the lender, raising eligible loan amount, sharing EMI responsibility, potentially improving interest rate and offering combined tax benefits.

17. Do I need a guarantor for a home loan? ⌄

Usually a guarantor is not required if eligibility is met. If a guarantor is requested, it’s a lender-specific requirement — check your lender’s policy.

18. How long does it take to sanction a home loan? ⌄

With complete documents and satisfactory property valuation, sanction may be instant or within 48 hours. Disbursal typically follows in 3–5 business days after verification.

19. Can a home loan be taken jointly in India? ⌄

Yes — joint loans (with spouse, parent, sibling or child) combine incomes to increase eligibility and offer shared tax benefits. Required documents include identity, income proof, and property papers.

20. Can I switch between fixed and floating rates during tenure? ⌄

Often possible; switching may involve a small fee and depends on lender policy. Evaluate the long-term impact before switching rates.

21. Is housing finance worth it? ⌄

Yes — it spreads large cost over time, allows immediate ownership, and provides tax advantages. Ensure EMIs fit your budget and long-term financial plan.

22. How does a home loan work? ⌄

Borrow a principal amount; repay monthly EMIs (principal + interest). Property is collateral until loan closure. Lender charges interest and may recover through foreclosure if defaults occur.

23. What CIBIL score is good for a home loan? ⌄

Scores 700+ are generally considered good; 750+ is ideal for favourable rates. Maintain timely repayments and low credit utilisation to improve score.

24. What types of home loans are available in India? ⌄

Types include purchase loans, construction loans, plot & construction loans, home improvement loans, balance transfer loans, top-up loans and loans for specific groups like women, government employees, and NRIs.

25. Dos & don’ts while applying for a home loan? ⌄

Do: check eligibility, gather documents, read loan agreement. Don’t: apply to many lenders simultaneously, over-commit EMIs, or miss payments. Keep credit enquiries minimal.

26. Which TAX proofs are required for home loan? ⌄

Common proofs: Income Tax Returns (ITR), salary slips, bank statements, Form 16 — used to verify income and claim tax benefits.

27. How to improve credit score for faster approval? ⌄

Pay EMIs & credit card bills on time, keep credit utilisation low, avoid multiple enquiries, and reduce outstanding debts to boost score.

28. Difference between banks and housing finance companies? ⌄

Banks provide multiple financial services; housing finance companies specialise in home loans and oftentimes offer faster processing and specialised loan products.

29. What is housing finance? ⌄

Housing finance includes loans and financial solutions to buy, build or renovate homes — provided by banks and housing finance companies.

30. How long does Tata Capital take to approve a home loan? ⌄

Tata Capital offers quick online approvals — potentially instant or within 48 hours if documents & property valuation are in order; disbursal usually within 3–5 business days after verification.

31. How fast can a home loan be approved? ⌄

For eligible applicants with complete documentation, approval can be within 48 hours via online application channels.

32. Can we get a 90% home loan? ⌄

LTV (loan-to-value) depends on profile & property. Strong applicants may secure 75–90% funding. Exact LTV limits vary by lender and product.

33. Is there a 0% home loan? ⌄

No — regulated lenders do not offer interest-free home loans. All genuine home loans carry interest; focus on competitive rates, low fees and flexible terms.

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Home Loan Features

High-Value Housing Finance

Additional Requirements