Tata Capital’s Home Loans
Tata Capital offers a comprehensive home loan program designed to make owning your perfect home a reality. Their loans cater to different needs, whether you want to purchase a ready property, construct your dream house, or renovate your current one.
Moreover, their home loan comes with a high loan amount ranging from Rs. 5 lakhs up to Rs 5 crores. This substantial financing enables you to buy a spacious luxury property or build a lavish custom home without compromising on your requirements.
As a secured loan, their home loan is backed by your property as collateral, offering you more competitive interest rates and a flexible repayment tenure stretching up to 30 years. This allows you to comfortably pay back the loan each month without putting too much strain on your finances.
Tata Capital's home loans provide you the financial means to design your dream abode just as you desire, aided by favourable terms that ensure managing the home loan is a smooth journey for you.
Tata Capital Makes Home Loans Accessible to All Aspiring Homeowners
Tata Capital aims to make the dream of home ownership accessible by offering easy-to-meet eligibility criteria for their home loans. Their home loans are available to:
- Indian citizens between 24 and 65 years of age.
- Salaried individuals with a monthly income of at least Rs. 30,000 and 2 years of work experience.
- Self-employed professionals with a minimum of 3 years of experience in the same business.
- NRIs who are salaried employees with at least 3 years of work experience.
Borrowers can also use Tata Capital's home loan eligibility calculator to determine if they qualify for a home loan, along with the maximum loan amount they can avail of based on their income, expenses, and existing obligations.
Simplified Documentation for Tata Capital's Home Loans
Tata Capital ensures a seamless experience for applicants by streamlining the documentation process. The following are the key documents required:
Age proof:
Submit a copy of your Driving License, Life Insurance Policy, Birth Certificate, PAN Card, or School Leaving Certificate.
Identity proof:
Provide a copy of your Voter ID Card, Passport, Driving License, Aadhaar Card, or PAN Card.
Address proof:
Share a copy of your Utility Bill, Bank Statement, Property Registration Papers, Property Tax Receipt, or Voter ID Card.
Income proof:
Include Salary Slips for the last three months, Salary Bank Account Statements for the last six months, Appointment Letter, Yearly Increment Letter, or a certified true copy of Form 16.
Existing loan details:
Furnish details through a bank statement or loan statement.
Tata Capital aims to optimise documentation requirements for a smooth home loan application experience for both salaried and self-employed individuals. Specifics may vary as per an individual's employment status.
Hassle-free Application Process for Tata Capital’s Home Loans
Tata Capital's commitment to a hassle-free experience extends to the loan application process. They understand that time is of the essence, and thus, the application process is designed to be swift and efficient.
Here are the steps that you must follow to apply for a home loan
Step 1: Fill out the online home loan application form.
Step 2: Upload self-attested copies of the necessary documents.
Step 3: Tata Capital's experts will inspect the property and give on-spot approval for your house loan.
Step 4: Upon approval, the sanctioned loan amount to be disbursed to your bank account within 3 to 5 working days.
References:
● https://www.tatacapital.com/
● https://www.tatacapital.com/about-us.html
● https://www.tatacapital.com/home-loan.html
