Tata Capital Loan Against Property

TATA Capital Loan Against Property Highlights
Interest Rate	9.85% p.a. onwards
Tenure	Up to 15 years
Processing Charges	Up to 2% of finance amount

Note: Rates as of 31 January 2023

TATA Capital Loan Against Property Interest Rates

TATA Capital Loan offers loan against property starting @ 9.85% p.a. The final interest rates offered to the applicants depend upon age, monthly income, job profile, employer’s profile, credit score, loan repayment history, etc.

TATA Capital Loan Against Property

Purpose: To meet personal and business needs, working capital for business, renovation of property, investments, asset acquisition, consolidation of debt, mortgage buyout, refinance of self-financed property and much more.

Loan Amount: Rs 10 lakhs – Rs 3 crore

Tenure: 1 year-15 years

Compare Interest Rates on Loan Against Property for Top Banks & HFCs

Name of the Lender	Interest Rate (% p.a.)
State Bank of India	10.35-11.05
Bank of Baroda	10.55-16.20
PNB Housing Finance	9.65-13.00
IDFC First Bank	8.75-16.25
HDFC	9.35-12.25
L&T Housing Finance	9.60 onwards
LIC Housing Finance	9.10-12.25
Godrej Housing Finance	9.75-14.50
ICICI Bank	9.75-10.90
Tata Capital	9.85 onwards
Bajaj Housing Finance	9.85-10.80
Axis Bank	9.90-10.35
Kotak Mahindra Bank	9.15 onwards

TATA Capital Loan Against Property Fees & Charges

Processing fees:

Loan Amount	Charges Applicable
Upto Rs 30 lakhs	2% of finance amount + GST
From 30 lakhs to 50 lakhs	1.5% of finance amount + GST
Above Rs 50 lakhs Home Extension	1% of finance amount + GST
Above Rs 50 lakhs Home Extension Plus	1.25% of finance amount + GST

Part Payment Charges:

Lock in period: 12 months

After 12 months, part prepayments of upto 25% of the principal outstanding are permitted throughout the duration of the loan term, with payments paid in two tranches at the maximum.

Penal Interest/Additional Interest

3% on overdue amount per month + GST

Miscellaneous Charges

Charges Type	Charges Applicable
Bounce Charges	Rs 2000 + GST
Mandate Rejection Service Charge	Rs 450 + GST
CCOD Annual Maintenance Charges	Rs 10,000 + GST
Application Fees	Up to Rs 3 crore – Rs 3,000 + GST
	Above Rs 3 crore – Rs 5,000 + GST
Statement of Accounts	Soft Copy – Nil
	Branch walk in – Rs 250 + GST
Foreclosure Charges	4% of outstanding principal + GST
Foreclosure Charges for Top Up	4% of outstanding principal + GST
Foreclosure Charges in CCOD Cases	4% of the Dropdown Limit amount + GST
Loan Cancellation Charges	Rs 25,000 + GST
Legal & Technical Charges	Up to Rs 1 crore – Rs 6,000 + GST
	Above Rs 1 crore – Rs 11,000 + GST
Foreclosure within Lock-In Period	Lock-in period charges (Prevailing ROI x Principal Outstanding as on date of Foreclosure x Balance Lock-in) + Foreclosure charges (4%) + GST
Switch Fee Charges	12 months lock-in period –  No changes allowed   After 12 months –   l  For rate reduction less than 0.75%: 5000 + GST or 0.10% + GST of POS whichever is higher   l  For rate reduction greater than 0.75% to 1.50%: 7500 + GST or 0.15% + GST of POS whichever is higher   l  For rate reduction greater than 1.5%: 10000 + GST or 0.25% + GST of POS whichever is higher

Eligibility Criteria of TATA Capital Loan Against Property

For Salaried Individuals:

Segment: Working in Public Ltd.Co/MNC/Large Pvt. Ltd. Co./State Govt/Central Govt./PSU
Age: Minimum: 25 years
Maximum: 60 years at loan maturity
Income p.a.: Rs 2.4 lakh
Occuptational Stability: Minimum 3 years

For Self Employed Professionals

Segment: Doctors, Chartered Accountants, Architects
Age: Minimum: 25 years
Maximum: 60 years at loan maturity
Income p.a.: Rs 2.5 lakh
Occuptational Stability: Minimum 3 years

For Self Employed Non Professionals (Individuals)

Segment: Traders, Reatilers and Wholesalers
Age: Minimum: 25 years
Maximum: 60 years at loan maturity
Income p.a.: Rs 2.5 lakh
Occuptational Stability: Minimum 3 years

Documents Required for TATA Capital Loan Against Property

For Salaried Individuals

• Application form to initiate the loan against property request
• Photograph
• Photo Identity Proof: Copy of Aadhaar Card/Voter ID/Driving License/Passport
• Address Proof: Copy of Electricity Bill/Ration Card/Passport
• Signature Verification
• Income Proof (Form 16 for last 2 years and bank statements copy for the last 6 months)
• Copy of last 3 months salary slips

For Self Employed Professionals/Self Employed Non Professionals (Individuals)/Non Individuals

• Application form to initiate the loan against property request
• Photograph
• Photo Identity Proof: Copy of Aadhaar Card/Voter ID/Driving License/Passport
• Address Proof: Copy of Electricity Bill/Ration Card/Passport
• Siganture Verification
• Income Proof (Income Tax Return, Balance Sheet, Profit & Loss and a copy of bank statements for the last 6 months)