We have always dreamed of having our own home. It would be a place where we could feel safe and secure, a place to raise our family and create lasting memories. our home would be a reflection of our personal style and taste, a place that is uniquely ours.
We would take great pride in maintaining our home and keeping it looking its best. It would be a place where friends and family would feel welcome and comfortable. Most of all, it would be a place that we could call our own.
In order to make this beautiful dream come true, we are here to help you with the best home loan available in the market.
At one point in recent time, home loan interest rates were as high as 12%, but Tata capital home loan interest rate is way down to a low of 7.75% interest(mid-2022). With Tata Capital, you can get the best rate on an affordable home loan for your new home; whether it be a flat or a small house.
Tata capital home loan
Tata capital home loan is one of the most popular home loan products in India. It offers several benefits to borrowers, including low-interest rates, flexible repayment terms, and a wide range of loan products to choose from.
Tata capital home loan is a home loan product offered by Tata capital, one of the leading financial services providers in India. The loan offers several benefits to borrowers, including low-interest rates, flexible repayment terms, and a wide range of loan products to choose from.
Also Read: What is the difference between a subsidized and unsubsidized loan?
Tata capital home loan is an excellent option for borrowers looking for a home loan with low-interest rates and flexible repayment terms. The loan offers a wide range of loan products to choose from, making it an excellent option for borrowers who need a home loan that meets their specific needs.
Tata capital home loan processing fee
The processing fee is a one-time charge for processing home loan applications. The processing fee is charged at the rate of 0.5% of the loan amount onwards + GST.
Tata capital home loan interest rate for self-employed
Tata Capital offers home loans at competitive interest rates to self-employed individuals. The current interest rate for home loans for self-employed individuals is 7.75 to 12.00% p.a. The interest rate is subject to change at the sole discretion of Tata Capital.
Tata Capital offers home loan tenures of up to 15 years. The self-employed individuals can avail of the home loan for the purpose of purchase of a new house/flat, construction of a house/flat, purchase of a plot of land for self-occupation, and home improvement/extension.
Tata capital home loan documents required
When applying for a Tata Capital home loan, you will need to provide a variety of documents to the lender. This will include things like your proof of income, your proof of identity, your proof of address, and your bank statements.
The lender will use this information to determine whether or not you are a good candidate for a home loan and to determine the terms of the loan. If you have any questions about the documents required for a Tata Capital home loan, be sure to ask your lender for more information.
12 must documents for Home Loan in 2022
- Application form.
- 3 Passport size photograph.
- Proof of identity
- Proof of residence
- Bank Account Statement or Passbook copy (6 months tenure)
- Signature verification of applicant preferably by the banker.
- Liabilities and Personal Assets or wealth declaration.
- Documents related to Property you own.
- Employer verified Salary statement. (Salaried individuals)
- Form 16 or IT Returns of last 2-3 financial years. (Salaried individuals)
- IT Returns/Assessment Orders of the last 3 years. (Self–employed professionals)
- Advance Income Tax payment proof such as Challans. (Self–employed professionals)
Tata capital home loan eligibility calculator
The Tata Capital home loan eligibility calculator is a simple online tool that can help you determine if you are eligible for a home loan from Tata Capital.
All you need to do is enter your personal and financial information into the calculator and it will give you an estimate of the loan amount you may be eligible for. This is a great way to get an idea of what you can afford before you start the home loan application process.
Tata capital home loan calculator
Let’s understand with an example.
Loan Amount = 10,00,000/-
Rate of Interest = 7.75%
Loan Duration = 10 Year
EMI amount to Rs. 12000/- Per month
Principal + Interest = 14,40,128 approx.
Tata capital home loan EMI calculator
Example of Home Loan. Amount = Rs.20,00,000, Interest Rate = 7.75%, Loan Tenure = 15 years.
Here is a breakdown of your EMI payments over the tenure
| Year | Principal Paid (A) | Interest Payment (B) | Total Payment (A+B) | Outstanding Loan Balance |
| 2022 | 73,260 | 1,20,813 | 1,94,073 | 19,26,740 |
| 2023 | 85,207 | 1,26,508 | 2,11,715 | 18,41,533 |
| 2024 | 91,094 | 1,20,619 | 2,11,713 | 17,20,439 |
| 2025 | 97,390 | 1,14,325 | 2,11,715 | 16,53,050 |
| 2026 | 1,04,118 | 1,07,596 | 2,11,714 | 15,48,932 |
| 2027 | 1,11,313 | 1,00,402 | 2,11,715 | 14,37,620 |
| 2028 | 1,19,004 | 92,711 | 2,11,715 | 13,18,617 |
| 2029 | 1,27,228 | 84,488 | 2,11,716 | 11,91,391 |
| 2030 | 1,36,016 | 75,698 | 2,11,714 | 10,55,374 |
| 2031 | 1,45,414 | 66,300 | 2,11,714 | 9,09,959 |
| 2032 | 1,55,462 | 56,250 | 2,11,712 | 7,54,497 |
| 2033 | 1,66,203 | 45,508 | 2,11,711 | 5,88,292 |
| 2034 | 1,77,688 | 34,026 | 2,11,714 | 4,10,603 |
| 2035 | 1,89,966 | 21,748 | 2,11,714 | 2,20,637 |
| 2036 | 2,03,091 | 8,620 | 2,11,711 | 17,545 |
| 2037 | 17,545 | 98 | 17,643 | 0 |
Tata capital home loan review
If you’re looking for a home loan in India, Tata Capital is a great option to consider. They offer competitive interest rates and a wide range of loan products to choose from. The application process is simple, and the customer service is excellent. The customer service executives are very helpful and responsive.
Tata capital home loan interest rate 2022
The Home loan interest rates start at 7.75% to 12% p.a.
Tata capital home loan interest certificate
If you are a Tata Capital home loan borrower, you can get an interest certificate from the bank. This certificate can be used for income tax purposes.
The interest certificate will show the amount of interest you have paid on your home loan over the course of the year. This information can be used to help lower your tax liability.
Tata capital home loan interest rate calculator
Tata Capital offers a home loan interest rate calculator on its website to help potential borrowers estimate their monthly repayments. This is a useful tool for those who are considering taking out a home loan with Tata Capital.
The calculator takes into account the loan amount, loan tenure, and prevailing interest rate to calculate the estimated monthly repayment.