Product Details
Bank Name
TATA Capital
Maximum Loan Tenure
Up to 30 years.
Maximum Loan Amount
Not specified by the bank.
Interest Rate
10.10% per annum onwards.
Type
Floating
Down Payment
Up to 80%.
Fees and Charges
Processing fees- Up to 2% of the loan amount plus GST.
Pre-payment charges: NIL for floating interest rate.
Late payment charges: 2.36% per month on the defaulted amount.
Legal charges: At actuals.
Stamp Duty and registration charges: At actuals.
Minimum CIBIL Score
Not specified by the bank.
Down Payment and Fees
Affordable Housing Loan
Special Features
None
Eligibility Criteria
The beneficiary should not own a pucca (structure made of bricks) house in their name anywhere in India.
In the case of a married couple, either or both spouses in joint ownership will be eligible for a single low-income housing loan.
The beneficiary should not have availed of central assistance under any housing scheme of the State or Central Government.
Special Concession
None
Home Saver Option
No
Features, Eligibility and Concession
Pros
Different EMI plans.
Suitable loan tenure.
Affordable interest rate.
Cons
No Home Saver option.
Strict eligibility criteria.
Pros & Cons
Application Procedure
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