TATA Capital Loan Against Property

About Tata Capital Limited

Tata Capital Limited was incorporated in 2007 and is a subsidiary of the well-known Tata Sons Limited. It offers a variety of finance products for retail, corporate and institutional customers. Tata Capital Financial Services Limited has more than 100 branches across India.

Tata Capital Loan Against Property

Loans against property are secured loans, in the sense that it is secured by the mortgage of your residential property or commercial property. There is no need to put your dream on the back burner now. The end use could be anything from funding your business, to personal expenses to consolidation of debt. Tata Capital offers various types of Loan Against Properties as follows:

• Loan for personal / educational / business needs against existing property
• Loan for acquisition of commercial property
• Loan against future rental receivables

Tata Capital Loan Against Property Features

Loan amount

You can avail loans to up to a maximum of Rs. 10 crores from Tata Capital as Loan Against Property. It is subject to the value of the property, your repayment capacity etc.

Loan Tenure

Tata Capital offers loan tenures ranging from 12 months to 120 months for loans against commercial properties and up to 180 months for residential properties.

Enhance your loan amount

Loan Against Property can be applied for by an individual along with a co-applicant. Having a co-applicant helps you qualify for a larger loan amount (when you include an earning co-applicant). Keep in mind that your co-applicant’s credit score and borrowing history will also be taken into account when evaluating the loan application.

Repayment modes

Repayment of loan can be made through the following ways:

• Through Post Dated Cheques (PDCs)
• By way of Electronic Clearing Services (ECS)

Tata Capital Loan Against Property Interest Rate

Tata Capital Loan Against Property offers a range of interest rates. For the latest interest rates, it is advisable to contact the company directly.

Tata Capital Loan Against Property Eligibility

In order to be eligible for a Loan Against Property from Tata Capital, the applicant should be salaried / self-employed / running a legal business.

Tata Capital Loan Against Property Documents Required

For the salaried:

• Completed application form with recent photograph
• Proof of Identity - Passport Copy/ Voter ID card/ Driving License/ PAN Card (any one document to be submitted)
• Address Proof - Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License (any one to be submitted)
• Bank statements for the last six months
• Last three months’ salary slips/salary certificate
• Form 16 - issued by the employer
• Processing Fee Cheque

For self-employed professionals

• Completed application form with recent photograph
• Proof of Identity - Passport Copy/ Voter ID card/ Driving License/ PAN Card (any one document to be submitted)
• Address Proof - Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License (any one to be submitted)
• Education Qualifications Certificate and Proof of business existence
• Last 3 years Income Tax returns (self and business)
• Last 3 years Profit/Loss statement and Balance Sheet
• Last 6 months bank statements
• Processing fee cheque

For businesspeople

• Completed application form with recent photograph
• Proof of Identity - Passport Copy/ Voter ID card/ Driving License/ PAN Card (any one document to be submitted)
• Address Proof - Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License (any one to be submitted)
• Education Qualifications Certificate and Proof of business existence
• Business profile
• Last 3 years Income Tax returns (self and business)
• Last 3 years Profit/Loss statement and Balance Sheet
• Last 6 months bank statements (self and business)
• Processing fee cheque

Tata Capital Loan Against Property FAQs

What are the products offered under Loan Against Property?

Following is the product portfolio for Loans Against Property:

• Acquisition of commercial premises
• Loan against Rent receivables
• Loan against Commercial property
• Loan against Residential Property

Is there any fee involved while processing my Loan Against Property product application?

Yes, the charges would include: Application fees, Processing Fees, Legal fees, Stamp duty for mortgage, registration charges for registered mortgage if applicable, etc.

How is my eligibility determined?

Your eligibility for Loan Against Property will be decided based on your repayment capacity, income, age, co- applicant’s income, property value, and existing obligations (if any).

Who can be a co-applicant?

You jointly apply for a loan against property with your spouse/parents/children/ siblings. They will be the co-applicant for the Loan and their income will be taken into consideration to enhance your loan eligibility and loan amount.

Are there restrictions on how the loan amount can be used?

You can use the funds to fulfil any legal purpose for the which the funding is required - personal needs, business needs, renovation of property, consolidation of debt, mortgage buyout etc.

What is the Repayment mode after availing a Loan Against Property from Tata?

You can repay your loans in EMIs (Equated Monthly Instalments).

What is an EMI?

EMI stand for Equated Monthly Instalment. It is the amount you need to pay on a monthly basis to repay your loan amount over the entire tenure of the loan.

What are the options for repaying the loan?

You can choose to repay your loan by the following options:

• Post Dated Cheques
• Auto debit of the EMI amount from your account

Tata Capital Loan Against Property Review

A Tata Capital Loan against Property allows you to leverage the potential of your existing property. You can acquire funds by mortgaging your residential or commercial property as it requires minimal documentation and has a speedy approval process. Whether it is for your personal needs, business requirements or even if you are acquiring an asset (like gold or a plot of land), you can avail a Loan Against Property to source funds in a hassle-free manner, and at competitive interest rates.

How to Get Loan Against Property from Tata Capital – Apply for Tata Capital Loan Against Property

You can apply for Loan Against Property with Tata Capital in the following ways:

• Apply online and submit the required documents.
• Visit any Tata Capital branch to discuss your eligibility and for details on your loan. You can submit a completed application form along with the required documents.
• You can call the customer care cell who will assist you in the loan process.
• You can also download the application form which is available at the Tata Capital website and send the filled-in form to any of the branches nearest to you along with the copy of necessary documents.
• You can send an email to the dedicated email address. A Tata Capital representative will get in touch with you and assist you in the loan process.
• You can also send an SMS to the dedicated number. A Tata Capital representative will get in touch with you and assist you in the loan process.

You can do a Tata Capital Loan Against Property status check by contacting any of their branches.

Alternatively, if you think you need help with your Loan application and advice on loan eligibility, CreditMantri can guide you through the entire process and match you with the loan offer that best suits your profile.