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20 Lakh Tata Capital Home Loan
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Tata Capital’s ₹20 Lakh home is a great financial assistance tool that can help one transform their home to match their dreams. More so, it can be a great monetary aid for affordable home purchases. With flexible repayment and competitive interest rates, it offers the financial support you need. The loan can have a tenure of up to 30 years, depending on your eligibility. You can also prepay the loan to reduce your interest costs. Tata Capital allows easy documentation and quick approvals. Check all terms before applying for the 20 Lakh Tata Capital Home Loan pertaining to fees, charges, and other details.
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₹20 Lakh Home Loan Tata Capital – Highlights
Here are the key highlights for Tata Capital’s home loan interest rates for ₹20 Lakh:
Key Highlights | Details |
Loan Amount | 20 Lakh |
Interest Rate | Starts at 8.75% for Salaried &
8.85% for Self-employed |
Loan Tenure | 5 to 30 years |
Age Eligibility | 21-65 years |
₹20 Lakh Home Loan EMI for 5 Years Tata Capital
Have a look at the breakdown of Tata Capital’s housing loan EMI for ₹20 Lakhs:
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Total Interest Payable | Total Amount Payment |
₹20 Lakhs | 8.75% p.a. | 5 years | 41,274 | 4,76,468 | 24,76,468 |
₹20 Lakh Home Loan EMI for 10 Years Tata Capital
Have a look at the ₹20 Lakhs home loan EMI for 10 years from the Tata Capital:
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Total Interest Payable | Total Amount Payment |
₹20 Lakhs | 8.75% p.a. | 10 years | 25,065 | 10,07,842 | 30,07,842 |
₹20 Lakh Home Loan EMI for 15 Years Tata Capital
Tata Capital offers a 20 lakh home loan with EMI for 15 years. Here is the price breakdown:
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Total Interest Payable | Total Amount Payment |
₹20 Lakhs | 8.75% p.a. | 15 years | 19,989 | 15,98,015 | 35,98,015 |
₹20 Lakh Home Loan EMI for 20 Years Tata Capital
₹20 Lakh home loan EMI for 20 years from Tata Capital is as follows:
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Total Interest Payable | Total Amount Payment |
₹20 Lakhs | 8.75% p.a. | 20 years | 17,674 | 22,41,811 | 42,41,811 |
₹20 Lakh Home Loan EMI for 25 Years Tata Capital
Let’s have a look at Tata Capital’s home loan of ₹20 Lakhs EMI for 25 years:
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Total Interest Payable | Total Amount Payment |
₹20 Lakhs | 8.75% p.a. | 25 years | 16,443 | 29,32,862 | 49,32,862 |
₹20 Lakh Home Loan EMI for 30 Years Tata Capital
Have a look at the detailed information about Tata Capital housing loan EMI for 30 years is as follows:
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Total Interest Payable | Total Amount Payment |
₹20 Lakhs | 8.75% p.a. | 30 years | 15,734 | 36,64,243 | 56,64,243 |
₹20 Lakh Tata Capital Home Loan – Fees and Charges
The table below depicts the fees and other charges required for a 20 lakh Tata Capital home loan:
Fee Type | Charges |
Processing Fee (Salaried) | 0.10% of Loan Amount + GST |
Processing Fee (Self-employed) | 0.20% of Loan Amount + GST |
Foreclosure Charges (own funds) | No charges |
Foreclosure Charges (other funds) | Nominal charges apply |
Delayed EMI Payments | 2% over the regular interest rate |
Other Charges (legal, collection fees) | As per Tata Capital policy |
₹20 Lakh Tata Capital Home Loan – Documents Required
Here are the general documents required for a ₹20 Lakh Tata Capital Home Loan. These documents are required to process the loan application smoothly.
- Identity proof: Aadhaar card, passport, voter ID, or PAN card.
- Address proof: Utility bills, rental agreement, or passport.
- Income proof: Salary slips (last 3 months), bank statements (last 6 months), or income tax returns.
- For self-employed: Business financial statements or profit and loss accounts.
- Property documents: Sales deed, agreement to sell, and property title deed.
- Additional documents: Passport-sized photographs and co-applicant documents (if applicable).
₹20 Lakh Tata Capital Home Loan – Eligibility Criteria
Below are the 20 lakhs home loan eligibility criteria in Tata Capital:
Eligibility Criteria | Details |
Age | 21 to 65 years |
Income | Stable income (salaried or self-employed) |
Minimum Salary (Salaried) | ₹30,000 per month |
Work Experience (Salaried) | Minimum 2 years of work experience |
Business Experience (Self-employed) | Minimum 3 years in the same business |
Credit Score | A good credit score is required |
Loan Tenure | 5 to 30 years |
Co-applicant Option | Allowed to enhance eligibility and loan amount |
Frequently Asked Questions (FAQs)
What is the EMI for a ₹20 Lakh Home Loan for 20 years in the Tata Capital?
The EMI for a ₹20 Lakh Home Loan from Tata Capital, with an interest rate of 8.75% per annum and a tenure of 20 years, would be approximately ₹17,674 per month.
Who is eligible for a ₹20 Lakhs Home Loan in the Tata Capital?
To qualify for a ₹20 lakh Home Loan from Tata Capital, applicants should be between 21 and 65 years old. Both salaried and self-employed individuals with a stable income are eligible.
What is the monthly interest rate of a ₹20 Lakh home loan in Tata Capital?
Tata Capital offers a monthly interest rate of 0.72% on a home loan of ₹20 lakh.
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