Tata Capital Home Loan

Tata Capital Home Loan - http://www.loansandcredits.in/apply-tata-capital-home-loan/
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Apply Tata Capital Home Loan

Apply Tata Capital Home Loan :- A Home Loan is a loan taken to Buy a plot of land or property and construct a house on it, Buy an already constructed house or apartment, Renovate your home into your dream house , Conduct Home Repairs in your house,Add new built-up area to an existing house .[/vc_column_text][/vc_column][/vc_row][vc_row 0=""][vc_column width="1/2"][contact-form-7 id="3150" title="Apply Home Loan"][/vc_column][vc_column width="1/2"][vc_column_text 0=""]

What is a Home Loan ?

A Home Loan is a loan taken to

• Buy a plot of land or property and construct a house on it


• Buy an already constructed house or apartment


• Renovate your home into your dream house (Home Improvement)


• Conduct Home Repairs in your house


• Add new built-up area to an existing house (Home Extension)

Who is Eligible for a Home Loan ?

You can avail a Home Loan from Tata Capital if you are:

• Above 24 years of age at the time of borrowing the loan


• Within 65 years of age or superannuation (for salaried individuals) whichever is earlier at the time of maturity of the loan


• Salaried individuals working in reputable companies


• Self-employed professionals


• Self-employed non-professionals or businessmen

How much Home Loan amount can you avail ?

The Minimum Home Loan amount is Rs 2 Lakhs ( Rs 2,00,000 ) and the Maximum Housing Loan amount is Rs 10 Crores ( Rs 10,00,00,000 ) subject to 80% of the market value of the property.

What are the current Home Loan Interest Rates ?

The current home loan interest rates are different for different classes of borrowers. The current rates are

• For salaried professionals and doctors, the lowest rate is 8.75 to 8.8% for a loan amount up to Rs 75 lakhs, and 8.8 to 8.85% for a loan amount above Rs 75 lakhs


• For self-employed professionals and non-professionals, the lowest rate is 8.9% for a loan amount up to Rs 75 lakhs and 9.05% for a loan amount above Rs 75 lakhs

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Loan EMI Calculator

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How much EMI do you have to pay ?

Your equated monthly installments or EMI would depend on 3 variables: the amount of loan, the interest rate charged and the tenure of the loan. To understand how much EMI you would need to be paid, you can use our Home Loan EMI Calculator to understand the outflow for your home loan.

How to Apply for a Home Loan Online ?

 

Applying for a home loan is as easy as saying 1, 2, 3. In three easy steps, you can submit your application for a home loan from Tata Capital. The three steps are:

• In the first step, enter personal details sought for such as full name as per PAN, gender, date of birth, residential status, email id, mobile number, city, PIN code and profession


• In the second step, select the housing loan amount and loan tenure


• In the third step, submit the application to get a home loan

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What are the documents needed to avail a Home Loan ?

Standard documentation required for a Home Loan would include:

• Application form duly filled and signed


• Photograph


• Identity proof


• Proof of residence


• Latest Salary Slip


• Bank statement for 6 months


• Income Tax returns / Form 16 for 3 years


• Education Proof

If you are self-employed, you would need to furnish the following documents with the above:

• Business Existence Document


• P/L Statement for 3 years


• Balance Sheet for 3 years


• Business Profile

You can check the detailed requirement of documents needed for a home loan.

Why choose Tata Capital Home Loan ?

A Tata Capital Home Loan has three main advantages and they are

• You get the highest home loan eligibility so that you can choose a good home for yourself


• You can start with a lower home loan EMI at the beginning of the loan tenure and increase it gradually to coincide with increase in your income as you grow older


• You can prepay your home loan without any penalties

Besides these three main advantages, there are many more that would help you to acquire your dream home.

What are Flexi EMI Home Loans ?

Tata Capital gives you the option of repaying your home loans through Flexi EMI options. Through this option, you can increase your EMI every year to keep pace with your earnings. This way you could clear off the loan much faster.

 

Different types of Flexi EMI Plans

• Step Up Flexi EMI Plan: This plan allows you to increase your fixed EMI every year to match the increase in your annual income


• Step Down Flexi EMI Plan: This plan gives you the option to start your repayment of your home loan at a higher EMI and lower it year after year. This plan is optimum for people with high disposable incomes.


• Bullet Flexi EMI Plan: You can prepay your EMI in parts at periodic intervals with no additional charges on prepayment.

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