TATA Capital Loan Against Property Highlights 2022 | |
| Interest Rate | 10.10% p.a. onwards |
| Tenure | Up to 15 years |
| Processing Charges | Up to 2% of finance amount |
Table of Contents
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 LAP Interest Rates of TATA Capital vs Other Lenders
| Name of the Lender | Interest Rate (% p.a.) |
| Tata Capital | 10.10 onwards |
| State Bank of India | 8.40-8.80 |
| Bank of Baroda | 8.60-14.25 |
| PNB Housing Finance | 7.75-11.00 |
| IDFC First Bank | 6.50-14.00 |
| HDFC | 7.65-10.60 |
| L&T Housing Finance | 10.30-10.90 |
| LIC Housing Finance | 7.50-10.50 |
| Godrej Housing Finance | 7.99-10.99 |
| ICICI Bank | 7.85-9.50 |
| Bajaj Housing Finance | 8.00-9.05 |
| Axis Bank | 7.90-9.30 |
| Kotak Mahindra Bank | 9.50-11.70 |
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
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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
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)