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Tata Capital Loan Against Property

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TATA Capital offers Loan Against Property (LAP) @ 10.10% p.a. onwards for tenures of up to 15 years. The NBFC offers overdraft facility in its LAP loans and pre-qualified top up loan facility to its existing LAP borrowers.

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Updated: 18-07-2022 07:46:55 AM

TATA Capital Loan Against Property Highlights 2022

Interest Rate10.10% p.a. onwards
TenureUp to 15 years
Processing ChargesUp to 2% of finance amount

TATA Capital Loan Against Property Interest Rates

TATA Capital Loan offers loan against property starting @ 10.10% p.a. The final interest rates offered to the applicants depend upon age, monthly income, job profile, employer’s income, 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 LenderInterest Rate (% p.a.)
State Bank of India9.80-10.20
Bank of Baroda9.65-15.30
PNB Housing Finance7.99-11.00
IDFC First Bank7.90-15.40
HDFC8.50-11.40
L&T Housing Finance10.30-10.90
LIC Housing Finance8.85-11.60
Godrej Housing Finance9.35-14.50
ICICI Bank9.75-10.90
Tata Capital10.10 onwards
Bajaj Housing Finance8.60-18.00
Axis Bank9.40-9.60
Kotak Mahindra Bank9.50-11.70

Apply for Loan Against Property at Low Interest Rates Click Here

TATA Capital Loan Against Property Fees & Charges

Processing fees:

 Loan Amount
Charges Applicable
Upto Rs 30 lakhs2% of finance amount + GST
From 30 lakhs to 50 lakhs1.5% of finance amount + GST
Above Rs 50 lakhs Home Extension1% of finance amount + GST
Above Rs 50 lakhs Home Extension Plus1.25% 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 TypeCharges Applicable
Bounce ChargesRs 2000 + GST
Mandate Rejection Service ChargeRs 450 + GST
CCOD Annual Maintenance ChargesRs 10,000 + GST
Application FeesUp to Rs 3 crore – Rs 3,000 + GST
Above Rs 3 crore – Rs 5,000 + GST
Statement of AccountsSoft Copy – Nil
Branch walk in – Rs 250 + GST
Foreclosure Charges4% of outstanding principal + GST
Foreclosure Charges for Top Up4% of outstanding principal + GST
Foreclosure Charges in CCOD Cases4% of the Dropdown Limit amount + GST
Loan Cancellation ChargesRs 25,000 + GST
Legal & Technical ChargesUp to Rs 1 crore – Rs 6,000 + GST
Above Rs 1 crore – Rs 11,000 + GST
Foreclosure within Lock-In PeriodLock-in period charges (Prevailing ROI x Principal Outstanding as on date of Foreclosure x Balance Lock-in) + Foreclosure charges (4%) + GST
Switch Fee Charges12 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

 

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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

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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)
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