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Affordable Housing Loans by Tata Capital

At Tata Capital, we believe that owning a house is the right of every person, irrespective of their financial background or family income. That is why we have started an affordable housing policy to help people belonging to the low- or mid-income group buy their own houses in India. Under this policy, we provide affordable home loans with reduced interest rates and lower loan amounts.

 

Our affordable housing loan interest rates start from just 10.10% per annum.

  • Loan amount offered

    ₹ 2 lakhs onward

  • Loan tenure

    Upto 30 years

  • Interest rate starting @

    10.10% p.a.

    View Rates & Charges

  • Lower Interest Rates

    The biggest advantage of Tata Capital's affordable housing loan is the reduced interest rate. Our affordable housing loan interest rates start from just 10.10% per annum. The beneficiaries can get a further home loan interest subsidy under the PMAY scheme.

  • Housing For All

    Under our affordable housing policy, we have collaborated with the Government of India to fulfill our dream of housing for all. We provide low income housing loans to those who would otherwise not be able to afford a home.

  • Easy Repayment

    The repayment of a home loan can also be a big task for people belonging to low-income groups. Hence, we offer easy repayment terms on our affordable home loans. Beneficiaries can choose up to 30 years of loan tenure and repay at their convenience.

  • Doorstep Services

    If someone cannot walk to the branch, we will arrange for doorstep services for them. Our executive will visit the beneficiary in person and will guide them about our low income home loan application process.

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 Eligibility Criteria for an Subsidized Housing Loan

To realize our dream of housing for all, we provide affordable housing loans with very easy eligibility criteria. Our affordable home loan eligibility includes: 

  • The beneficiary should not be owning a pucca 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 State or Central Government

     Affordable Housing Scheme for Salaried - Features and benefits

    We provide low-income home loans for salaried individuals to help them realize their dream of owning a house in India. Below are the features and benefits of our affordable housing loans for salaried people:

  • 1

    Simple eligibility criteria

    All government and private employees can avail of our affordable housing loan scheme regardless of their monthly salary. They simply need to meet some basic eligibility requirements in terms of age, property ownership, etc. Additionally, we have different schemes for employees belonging to different income categories.

  • 2

    Convenient repayment options

    Our low-income housing loans are specially crafted to make repayments easier for low-income salaried individuals. They can either choose to pay fixed EMIs consistently for their entire home loan tenure or start by paying lower EMIs at the beginning and gradually increase them as they get appraisals. They can also make bullet repayments of their home loan when they receive bonuses or other lump sum payments.

  • 3

    Superfast loan disbursal

    Once we receive the application for a low-income mortgage loan, our team of legal and technical experts takes over to initiate a verification process. Upon successful verification, the home loan amount is disbursed to the applicant’s bank account within a few working days.

  • 4

    Suitable loan tenure

    Our customers have complete flexibility to choose the tenure of their home loan as per their repayment capability. This facility is of great help for low-income borrowers who do not wish their home loan EMIs to be on the higher side. They can choose a long tenure of up to 30 years to keep their EMIs minimum. On the other hand, someone who wants to pay higher EMIs to save on their interest outgo can opt for a lower home loan tenure.

  • 5

    Buy a house anywhere

    Our scheme is available for buying a low-cost house irrespective of its location. So, whether you want to buy a house in the heart of a metro city or on the outskirts of a Tier II city, we are here to help. You can apply for a low-income home loan of Rs. 2 lakh or more and convert your dream into a reality. You can also apply for an affordable home loan to construct a house on a piece of plot in regularized colonies or gram panchayats.

  • 6

    Excellent customer service

    We take supreme pride in providing the best services to our customers. They can avail of low-income loan assistance at any time and from anywhere by dialing our customer care number, 1860 267 6060, between 9 AM and 8 PM from Monday to Saturday. They can also visit their nearest Tata Capital branch or write to us at customercare.housing@tatacapital.com.

    What are the EMI Plans for Affordable Housing Loans?

    To make home loan repayment easier for the beneficiaries, we provide Flexi EMI plans for our affordable housing loans. One can choose from the following EMI plans and repay their home loan at their convenience:

  • Standard EMI Plan

    The borrower is required to pay fixed EMIs consistently for the entire home loan tenure.

  • Step-Up Flexi EMI Plan

    The borrower can pay lower EMIs in the beginning and then increase them gradually.

  • Step-Down Flexi EMI Plan

    The borrower can pay higher EMIs in the beginning and then decrease them gradually.

  • Bullet Flexi EMI Plan

    The borrower can pay the principal Home Loan amount in parts along with their EMIs.

Home Assistance Tools

  • Process Guidance Tool

    You can access our Process Guidance Tool to get contextual guidance for the steps that you should follow while buying a housing property.

  • Buying Affordability Tool

    Our Buying Affordability Tool will help you prepare your overall property budget based on your home loan eligibility and cash in hand. This tool will also suggest localities where you can find housing properties in your budget.

  • Property Search Tool

    Our Property Search Tool will help you search for your desired housing property in several property portals under one roof.

  • Documents Checklist Tool

    Our Documents Checklist Tool will help you know your maximum home loan eligibility, the documents required, and the right home loan product for you.

  • TDS Filing Guidance Tool

    Our TDS Filing Guidance Tool will help you calculate the maximum tax deduction against your home purchase. You will also be able to generate Form 26QB.

Available payment options

Available payment options

    Deduction Against Salary (DAS)

    If your employer agrees, you can choose to pay your home loan EMIs directly from your monthly salary. You just need to authorize your employer to deduct the EMI payment from your salary and deposit it with the lender.

    Post Dated Cheques (PDCs)

    You can provide post-dated cheques for the EMI amounts at the time of loan sanction. You can either provide all PDCs for your entire loan tenure at once or issue fresh PDCs periodically but at least three months in advance. We accept this payment option only if the auto debit or ECS facility is unavailable.

More Home Loan products for you

Home Loan for government employees

Home Loan for government employees

With Tata Capital, you can apply for a home loan for government employees in a few easy steps and get housing finance at competitive interest rates.

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Home Loan for self-employed

Home Loan for self-employed

With Tata Capital, you can apply for a home loan for self employed in a few easy steps and get housing finance at competitive interest rates.

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Home Loan for women

Home Loan for women

With Tata Capital, you can apply for a home loan for women in a few easy steps and get housing finance at competitive interest rates. 

Apply Now

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What our customers say about us

Service provided by Manoj Patel in Surat vesu Branch was helpful and because of his support we were able to close loan.

Prakash Patil

Home Loan | 23 Aug, 2024

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Excellent A1 Services. The Lady at the Customer Desk is very Cooperative and helpful so that my work completed without the time frame. The name of the Lady is Amruta Pathak. God bless her and her family. Thanks and Regards for the entire team of Tata Capital.

Nandlal Lal Arora

Home Loan | 13 Aug, 2024

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Very good & prompt service, and we have spoken to Mr. Manish also, and he always helps us to provide our request. Thank you, Ms Apurva Shende & Manish Padwal

Farhang Ahmed Azar

Home Loan | 24 Jul, 2024

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 Affordable Housing Loan FAQs

Find the right Loan for you

Affordable Housing Loan

  1. At Tata Capital, we believe that every single person, regardless of their financial background, deserves a home to call their own.

With this vision, Tata Capital Housing Finance offers affordable home loans at competitive interest rates. 

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