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Tata Capital Loan Against Property
Tata Capital Loan Against Property
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Tata Capital Loan Against Property
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Tata Capital Loan Against PropertyHere are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 600+ |
| Applicant | Any Salaried & Self Employed |
| Applicant Age | (i)
Salaried: 21 year to 65 Year (ii) Self Employed: 21 Year to 70 Year |
| Loan Amount & Tenure | 30
Lac- 5 Cr ( 5 Year to 15 Year) |
| Login Fees | 5900 |
| Rate of Interest & Type | 9.50%-14% (Reducing) |
| TAT | 5 days |
| Processing Fees | 1%-1.50% |
| Foreclosure Charges | Upto 4% |
| Insurance | As per Age of Applicant |
| Minimum Business Vintage | 2 Year |
| Lock In Period | 12 month |
| Part Payment Allowed | No |
| LTV | (i)
Residential-70% (ii) Commercial-60% (iii) Industrial-55% (iv) Plot-50% (v) if residential property is rented/vacant then LTV will be 5% lower (vi) If Commercial/Industrial Property Puchase/vacant/rented then LTV will be 5% lower |
| Product | (i) Fresh Loan (ii) BT+Topup (iii) Commercial & Industrial Purchase (iv) Lease Rental Discounting |
| Program | (i)
Banking Program-4 Cr (ii) GST Product-5 Cr (iii) Income Program-5 CR (iv) Lease Rental Discounting-5 Cr (v) Low LTV-1 Cr (vi) RTR Program-3 Cr (18 Month Track) (vii) LIP Program-2 Cr |
| FOIR | (i) Salaried:<50k-60%,50K-1 Lac-65%, >1 lac-70% (ii) Self Employed-90% of Cash Profit |
| Cautious Profile | (i)Advocate (ii) NBFC |
| Negative Profile | (i) Politician (ii) Share Traders (iii) Police(iv) DSA (v) Applicant living in dominated area (vi) Real Estate |
| Funded Property | (i)
Residential Property (ii) Commercial Property (iii) Industrial Property
(iv) Mall & Commercial Complex Property (v) Plot (vi) Godown & warehouse (vii) Lal Dora (viii) Khasra & Khatauni (ix) Single Sale Deed (x) Stone Slab property (xi)Gift Deed & Subject to Gift Deed (xii) Subject to Sale Deed (xiii) Resi Cum Nursing Home (xiv) Auction Property before 3year |
| Negative Property | (i)
Lease hold Property without PTM (ii)Stand Alone Basement (iii) Demolition
List Property (iv) PG Property (v) GPA Property (vi) Unapproved Freehold Property (vii) Unapproved Farm House |
| Accepted Collateral | Other than Negative Property |
| Specific Property wise Funding Limit | (i)
Lal Dora-45 Lac (ii) Single Sale Deed Property-45 Lac (iii) Legal &
Technical not Clear-45 Lac (iv) 1 year old Sale Deed from GPA after 2011-45 Lac |
| Any Specific Product for Professionals | No |
| USP | Upto 4 Cr No financial Required |
| Additional | (i) DOD Product not Doing (ii) If Property in demolition list then on Plot Value loan is doing |
Tata Capital Loan Against Property EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 9 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,745 |
| Total Interest | ₹ 4,942 |
| Loan Amount + Interest | ₹ 104,942 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,165 | ₹ 2,070 | ₹ 26,235 | ₹ 75,835 | 24.16 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,832 | ₹ 2,873 | ₹ 78,705 | ₹ 3 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for Tata Capital Loan Against Property
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
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