Interest Rates of TATA Housing Home Loan

Description Charges
Interest Rate Range 8.75% - 8.85%
Processing Fee 0.25%
Loan Amount Maximum 3 crores
Tenure Range up to 30 years
Processing Charges 0.50% of the loan amount
Foreclosure Charges Nil if floating, up to 2% for fixed rate

Eligilibility Criteria for TATA Housing Home Loan

  • Age should be 24 years at the time of taking the loan.

  • Age should be 65 years at the end of the loan.

  • Salaried, self-employed, non professionals are eligible to get the home loan.

  • Good credit score.

Documents Required for TATA Housing Home Loan

For Salaried Employee

  • Application form with signed photograph.

  • Identity Proof: Passport copy/ Driving License/ Voter ID/ Aadhar Card/ PAN card.

  • Residential Proof: Ration Card/ Utility Bill/ Bank Statement/ Property Registration Documents/ Voter ID/ Property Tax Reciept.

  • Last 6 months bank satement.

  • Income Proof: 3 months salary slips/ Appointment letter/ Yearly Increment Letter/ Form 16.

  • Loan Processing fee cheque.

  • The organization will ask the additional documents, incase of home loan transfer.

  • Sanction letter.

  • Loan outstang letter.

  • List of submitted property papers.

For Self Employed

  • Application form with signed photograph.

  • Identity Proof: Passport copy/ Driving License/ Voter ID/ Aadhar Card/ PAN card.

  • Residential Proof: Ration Card/ Utility Bill/ Bank Statement/ Property Registration Documents/ Voter ID/ Property Tax Reciept.

  • Last 6 months bank statement.

  • Income Proof: ITR of last 2years/ Registration Certificate for Business commencement/ Business Profile on Letter Head.

  • Educational Certificates.

  • Business existance Proof.

  • Processing Fee Cheque.

EMI Calculator for TATA Housing Home Loan

To check EMI, you have to provide loan amount, rate of interest, tenure. To calculate your home loan EMI, you just need to use LoanOnMind's Home Loan EMI calculator.

Features of TATA Hosuing Home Loan

  • The minimum loan amount is Rs. 2 lakhs and one can get maximum Rs. 10 crores subjects to 80% property's market value.

  • For loan amount Rs. 30 lakhs, the interest rates starts from 8.50% onwards, in between Rs 30 lakhs to Rs. 75 lakhs, the rate of interest starts from 8.65% onwards and loan amount above Rs. 75 lakhs, the rate of interest is 8.75%.

  • No prepayment charges are levied for home loan.

  • Provides insurance policy.

  • Advantages of TATA Hosuing Home Loan

  • Attractive interest rates.

  • Low processing fees.

  • No penalties for prepayment.

  • Less Documentation.

  • Easy home loan balance transfer.

  • Flexible repayment options.

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