10 Lakh Tata Capital Home Loan

Tata Capital's 10 lakh home loan is a convenient financing option for house construction, renovation, or purchase. With flexible repayment options, a 30-year payback period, and competitive interest rates starting from 8.75% p.a., this loan is made to accommodate various needs. It is open to many applicants, including salaried employees, self-employed individuals, business owners, and pensioners. This house loan makes homeownership easier with its simple qualifying standards, impressive processing fees, and flexible repayment options. You can also use the 10 lakh home loan EMI calculator from Tata Capital to easily estimate your EMIs.

₹10 Lakh Home Loan Tata Capital – Highlights

Here are Tata Capital’s home loan interest rates for ₹10 lakhs, along with highlights:

₹10 Lakh Home Loan EMI for 5 Years Tata Capital 

Tata Capital’s housing loan EMI for ₹10 lakhs for 5 years is mentioned below in detail:

₹10 Lakh Home Loan EMI for 10 Years Tata Capital 

Below mentioned is the amount for a ₹10 lakh home loan EMI for 10 years from Tata Capital:

₹10 Lakh Home Loan EMI for 15 Years Tata Capital

For a ₹10 lakh home loan, the EMI amount for 15 years is as follows:

₹10 Lakh Home Loan EMI for 20 Years Tata Capital

Below mentioned is the ₹10 lakh home loan EMI for 20 years from Tata Capital:

₹10 Lakh Home Loan EMI for 25 Years Tata Capital 

Tata Capital’s home loan of ₹10 lakhs EMI for 25 years is as follows:

₹10 Lakh Home Loan EMI for 30 Years Tata Capital 

Tata Capital’s home loan of ₹10 lakh EMI for 30 years is as follows:

₹10 Lakh Tata Capital Home Loan – Fees and Charges 

The home loan process includes various fees and charges that borrowers must know. The processing fee is a one-time charge, which can be up to 2% of the loan amount plus GST. Foreclosure charges are typically levied when a borrower wants to pre-pay the loan. However, Tata Capital does not charge any foreclosure fees if the payment is made with the borrower’s funds. For delayed EMI payments, a penalty of 2.36% per month (inclusive of GST) is applied to the defaulted amount. If borrowers fail to repay the loan, they may be charged a collection agency fee if the lender hires an agency to recover the payments. Additionally, legal charges are incurred for the legal verification of property documents.

Some additional charges include:

₹10 Lakh Tata Capital Home Loan – Documents Required

The following are the required documents for Tata Capital’s 10 lakh home loan:

For Salaried Employees

Below are the required documents for salaried employees:

• Age Proof: Passport, Driving License, PAN Card, Birth Certificate, etc.
• Photo ID Proof: Voter ID, Passport, Aadhaar Card, etc.
• Address Proof: Utility Bill, Bank Statement, Voter ID, etc.
• Income Proof: Last 3 months’ salary slips, 12 months’ bank statements, Form 16, etc.
• Existing Loan Details: Bank or loan statements
• Processing Fee Cheque: From the salary account

For Self-Employed Individuals

Here are the documents required for self-employed individuals:

• • Age Proof: Passport, Driving License, PAN Card, etc.
  • Photo ID Proof: Voter ID, Passport, Aadhaar Card, etc.
  • Address Proof: Utility Bill, Bank Statement, Voter ID, etc.
  • Business Proof: IT Returns (2 years), Business Registration Certificate
  • Income Proof: P/L Statement (2 years), Current Account Statements, CC/OD statements

• Existing Loan Details: Bank or loan statements
• Processing Fee Cheque: From the business account

For NRIs

NRIs can submit below mentioned documents to get Tata Capital’s 10 lakh home loan:

• Age Proof: Passport, Driving License, PAN Card, etc.
• Photo ID Proof: Voter ID, Passport, Aadhaar Card, etc.
• Address Proof: Utility Bill, Bank Statement, Voter ID, etc.
• Employment Proof: 6 months’ pay slips, appointment letter
• Income Proof: NRE/NRO account statements, overseas salary account details
• Credit Report: From the current country of residence
• Existing Loan Details: Bank or loan statements
• Processing Fee Cheque: From salary or business account

₹10 Lakh Tata Capital Home Loan – Eligibility Criteria

The following are the eligibility criteria for Tata Capital’s 10 lakh home loan:

• Age Requirement: Applicants must be between 21 and 65 years old.
• Income Requirement: A stable income is necessary. Use the EMI or home loan eligibility calculator for more details.
• Loan Tenure: The loan can be taken for a period ranging from 5 to 30 years.
• Employment Profiles: Open to salaried employees, self-employed professionals, and business owners.
• Credit Score: A good credit score is essential to show financial discipline and qualify for a loan.