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Tata Housing Loan Against Property
TATA Capital offers loans against property at an interest rate of 9.85% p.a. The NBFC offers an overdraft facility in its loan against property loans, as well as a pre-qualified top-up loan facility to existing customers.Powered By
Tata Housing Loan Against Property
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Here 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 | 10%-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 Purchase/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 Housing Development Company is a fully owned subsidiary of Tata Sons, a holding company of the Tata Group. Its primary business is development of residential, commercial and retail properties. With their projects spanning over the spheres of residential, commercial and corporate construction, Tata Housing aims to deliver excellence and comfort, with a touch of fairness and transparency.
Work Process
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
Required Documents to Apply for Tata Housing 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
Note : Tata Housing Loan Against Property may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
FREQUENTLY ASKED QUESTIONS
What is the interest rate for Tata Housing Loan Against Property?
The Interest for Tata Housing Loan Against Property is more than 10.10% per annum depending upon the conditions of the loan taken.
What is the maximum tenure for which the loan can be taken?
The Loan against property offered by Tata Housing can be taken for a maximum duration of 15 years or180 months.
How much maximum loan can be disbursed by Tata Housing?
Tata Housing LAP allows a loan of a maximum amount of 3 crores. However, the exact cap can be known on the basis of the property only.
What is the age eligibility criteria for Tata LAP?
A person must be at least 25 years old in order to apply for Tata Housing LAP.
What is the condition for salary in order to apply for Tata LAP?
For a salaried employee or Self-employed, he/she must have a salary or net profit of 2.4 Lakh rupees in order to apply for Tata LAP.
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