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TATA Capital Loan Against Property Highlights |
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| Interest Rate | 10.10% p.a. onwards |
| Tenure | Up to 20 years |
| Processing Charges | Up to 1.25% of the finance amount |
Note: Rates as of 28 April 2023
Table of Contents
TATA Capital Loan Against Property Interest Rates
TATA Capital Loan offers loan against property starting @ 10.10% p.a. The loan against property interest rates offered to the applicants depends upon age, monthly income, job profile, employer’s profile, credit score, loan repayment history, etc.
TATA Capital Loan Against Property
Purpose: Applicants can avail loan against property to meet personal and business needs, working capital for business, renovation of the property, investments, asset acquisition, consolidation of debt, mortgage buyout, refinance of self-financed property and much more.
Loan Amount: Rs 5 lakhs – Rs 5 crore
Tenure: 1 year-20 years
Compare Interest Rates on Loan Against Property for Top Banks & HFCs
| Name of the Lender | Interest Rate (% p.a.) |
| State Bank of India | 10.60-11.30 |
| Bank of Baroda | 10.85-16.50 |
| PNB Housing Finance | 9.65-13.00 |
| IDFC First Bank | 9.00-16.50 |
| HDFC | 8.95-10.25 |
| L&T Housing Finance | 9.50 onwards |
| LIC Housing Finance | 9.50-11.55 |
| Godrej Housing Finance | 9.75 onwards |
| ICICI Bank | 10.85-12.50 |
| Tata Capital | 10.10 onwards |
| Bajaj Housing Finance | 8.50-18.00 |
| Axis Bank | 9.90-10.35 |
| Kotak Mahindra Bank | 9.15 onwards |
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TATA Capital Loan Against Property Fees & Charges
Processing fees:
| Particulars |
Charges Applicable |
| Residential and Commercial properties (HE) | 1% of finance amount + GST and up to 3% |
| Rest all other properties (HE Plus) | 1.25% of finance amount + GST and up to 3% |
| Mint Loan | 1.25% of finance amount + GST and up to 3% |
Part Payment Charges:
Lock-in period: 12 months
After 12 months, part prepayments of up to 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 the 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 – 5000 + GST or 0.10% + GST of POS whichever is higher – For rate reduction less than 0.75% | |
| Rs 7500 + GST or 0.15% + GST of POS whichever is higher – For rate reduction greater than 0.75% to 1.50% | |
| Rs 10,000 + GST or 0.25% + GST of POS whichever is higher – For rate reduction greater than 1.5% |
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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
Minimum Age: 23 years
Maximum Age: 65 years at loan maturity
Minimum Income p.a.: Rs 2.4 lakh
Occuptational Stability: Minimum 3 years
For Self Employed Professionals
Segment: Doctors, Chartered Accountants, Architects
Minimum Age: 23 years
Maximum Age: 70 years at loan maturity
Income p.a.: Rs 2.5 lakh
Occuptational Stability: Minimum 3 years
For Self Employed Non Professionals (Individuals)
Segment: Traders, Retailers, Manufacturer and Wholesalers
Minimum Age: 25 years
Maximum Age: 70 years at loan maturity
Income p.a.: Rs 2.5 lakh
Occuptational Stability: Minimum 3 years
For Non-Individuals
Segment: Firm, Private Ltd., Public Ltd.
Minimum Age: 25 years
Maximum Age: 60 years at loan maturity
Income p.a.: Rs 3 lakh
Occuptational Stability: Minimum 3 years (with at least 2 years of cash profit)
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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 the 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)
Apart from the above-mentioned documents, Tata Capital may also ask for additional loan aganist property documents of the loan applicants based on their credit profiles.