To apply for a Tata Capital Home Loan you need to take the following steps given below:

1. Visit your nearest branch of Tata Capital to fill the home loan application form
2. Provide necessary KYC, Financial, and Property documents 
3. This NBFC initiates processing of the loan along with legal and technical verification
4. The loan eligibility of the applicant is determined. After which  Tata Capital will provide a sanction letter. It will include a few important details such as sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, validity of sanction letter, special conditions (if any), and other terms and conditions Tata Capital will start the process of issuing your home loan disbursement cheque. 

Complete details of the documents you need to submit to secure a Tata Capital Home Loan is given in table below:

A major reason why you need to choose Tata Capital Home is because it provides for you a home loan at affordable lowest interest rates and structured EMI’s. Also, they offer you seamless ‘Digital’ services that help you apply for a home loan 100% hassle free.

After submitting all the necessary documents along with filling the Tata Capital Home Loan application, it should take 4-8 working days to get sanctioned.

A minimum CIBIL score of 650 is what you require to secure a Tata Capital Home Loan.

The minimum loan amount sanctioned is Rs 5 lakh and maximum Rs 5 crore

It is not compulsory that you have a co-applicant while applying for an TATA Capital Home Loan. Moreover, having one helps in significantly improving your loan eligibility thereby proving to your lender that you are ‘Creditworthy’ and chances to improve terms and conditions.

The rate of interest (ROI) on your Tata Capital Home Loan during its tenure will change essentially depending on the type of ROI you choose. For example, if you opt for a floating interest rate then it will change regularly. However, if you select a fixed rate of interest then there will be no change.

Firstly, you need to understand that possessing your IT returns for three financial years will help you secure a Tata Capital Home Loan easily. Moreover, even if you do not have your IT returns for three years you can still secure a Tata Capital Home, if you are seeking a small loan amount and your CIBIL score is good.

After Tata Capital provides you with a sanction letter it will take anywhere between 4-5 working days to get disbursed.

Given below are a few additional information that you need to know about Tata Capital Home Loan:

1. Types of Home Loans provided by Tata Capital:

   There are a few types of home loans provided by Tata Capital. They are as follows: 

   1. Affordable Housing Loan:

      It is a special type of home loan scheme provided for individuals belonging to low to middle-income groups. The loan amount provided is Rs 2 lakhs onwards with a tenure of up to 30 years. 

   2. Self-Constructing Home Loan:

      Tata Capital provides this housing loan scheme to help loan applicants build their homes on a plot they own. The loan amount ranges from a minimum of Rs 5 lakh to a maximum of Rs 5 crore. This home loan scheme provides a loan tenure of about 30 years. 

   3. Balance Transfer Home Loan:

      This scheme helps existing home loan borrowers transfer to Tata Capital at the lowest interest rates available. 

   4. Home Loan Top-Up:

      In this home loan scheme Tata Capital provides existing home loan borrowers the opportunity to take loans over and above existing ones. 

   5. Home Loan Overdraft:

       This is a home loan scheme in which Tata Capital permits borrowers to withdraw funds from linked home loan overdraft accounts just within the sanctioned overdraft limit. Besides, in this home loan program repayments can be made as per applicants’ cash flow positions. 

   6. Home Loan Extension:

      Is a home loan offer made by Tata Capital that allows applicants to secure a loan for extending their current home. The loan amount ranges from a minimum of Rs 2 lakh and a maximum of Rs 5 lakh

2. Tata Capital Home Loan Features:

   • Provides loan amount of up to Rs 5 crore and a tenure of up to 30 years.
   • Offer a range of best home loan interest rates starting from 8.75% pa.