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TATA Capital Loan Against Property Highlights |
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| Interest Rate | 9.00% p.a. onwards |
| Tenure | Up to 20 years |
| Loan Amount | Rs 5 lakhs – Rs 7.5 crore |
| Processing Charges | Up to 1.25% of the finance amount |
Note: Rates as of 6 September 2024
Table of Contents
TATA Capital Loan Against Property Interest Rates
TATA Capital Loan offers loan against property starting @ 9.00% 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.
| Particulars | Interest Rates (p.a.) |
| Tata Capital Loan Against Property | 10.10% p.a. onwards |
| LAP Overdraft | 9.00% p.a. onwards |
| LAP Top-Up | 9.00% p.a. onwards |
| LAP Balance Transfer | 9.00% p.a. onwards |
Types of TATA Capital Loan Against Property
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
Loan Against Property – Overdraft
Purpose: Applicants can avail overdraft facility against property to meet renovation of the property, medical emergency and any other expenses. This overdraft limit depends on the applicant’s eligibility and the collateral provided.
Loan Amount: Rs 10 lakhs – Rs 3 crore
Tenure: Up to 15 years
Loan Against Property – Top Up Facility
Purpose: Tata Capital offers the LAP Top Up facility to its existing borrowers over and above the existing mortgage loan. Borrowers can avail loan of 100% or above of the current loan amount to meet home renovation expenses, medical emergencies and any other personal needs.
Loan Amount: Rs 1 lakhs – Rs 3 crore
Tenure: Up to 15 years
Loan Against Property – Balance Transfer
Purpose: This loan facility allows existing LAP borrowers to transfer their LAP availed from other lenders to Tata Capital at lower interest rates. The borrowers are also eligible for top up loan facility.
Loan Amount: Rs 10 lakhs – Rs 7.5 crore
Tenure: Up to 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 | 10.00-11.30 | |
| Bank of Baroda | 10.85-18.60 | Apply Now |
| PNB Housing Finance | 9.25-15.00 | Apply Now |
| IDFC First Bank | 9.00-16.50 | Apply Now |
| HDFC Bank Limited | 9.50-11.00 | Apply Now |
| L&T Housing Finance | 9.50 onwards | Apply Now |
| LIC Housing Finance | 9.50-11.55 | Apply Now |
| Godrej Housing Finance | 9.75 onwards | Apply Now |
| ICICI Bank | 10.85-12.50 | Apply Now |
| Tata Capital | 9.00 onwards | Apply Now |
| Axis Bank | 10.50-10.95 | Apply Now |
| Punjab National Bank | 10.40-12.75 | Apply Now |
Check Lenders Offering Loan Against Property at Low Interest Rates Click Here
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 |
| Annual Maintenance Charges – Dropline Facility | Rs 10,000 + GST |
| Annual Maintenance Charges – Term Loan Facility | Rs 2,000 |
| Application Fees | Up to Rs 1 crore – Rs 3,000 + GST |
| Above Rs 1 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 per property |
| Above Rs 1 crore – Rs 11,000 + GST per property | |
| 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 (for interest rate reduction) | 0.15% of the principal outstanding |
Check LAP Interest Rates For Various Lenders Click Here
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 or the age of retirement, whichever is earlier at loan maturity
- Minimum Income p.a.: Rs 2.4 lakh
- Occupational Stability: Minimum 3 years
- Minimum Monthly Net Income: Rs 15,000 (for LAP Overdraft)
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
- Occupational Stability: Minimum 3 years
For Self Employed Non Professionals (Individuals)
- Segment: Traders, Retailers and Wholesalers
- Minimum Age: 25 years
- Maximum Age: 70 years at loan maturity
- Income p.a.: Rs 2.5 lakh
- Occupational Stability: Minimum 3 years
For LAP Balance Transfer
- Segment: Traders, Retailers and Wholesalers
- Minimum Age: 25 years
- Maximum Age: 65 years at loan maturity
- Minimum Monthly Net Income for salaried applicants: Rs 15,000
- Income p.a.: Rs 2.5 lakh
- Occupational Stability: Minimum 3 years
Check Lenders Offering Loan Against Property at Low Interest Rates Click Here
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 12 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 12 months)
For Loan Against Property – Overdraft
- Duly filled application form
- Photograph
- Identity Proof
- Signature Verification
- Income Details:
- In the case of salaried individuals – Latest salary slips, last 2 years form 16, or ITR
- In the case of self-employed individuals and non-individuals – P&L statements and balance sheets
- Residence proof
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.