Can I avail of two home loans at the same time?

Yes, it is possible to avail of two home loans at the same time, but there are certain conditions and eligibility criteria that you should be aware of. Availing of multiple home loans simultaneously typically involves meeting specific financial and creditworthiness requirements. Here are some key points to consider:Financial Eligibility:Lenders will assess your financial situation to determine if you can afford two home loans simultaneously. This includes factors such as your income, credit score and existing debts.Loan-to-Value Ratio:Lenders often have limits on the maximum loan amount they will offer based on the property's value. You may need to make a substantial down payment if you plan to avail of two home loans simultaneously.Stable Income:Lenders will want to see a stable and sufficient income to cover the monthly EMIs for both home loans.Creditworthiness:Your credit score and credit history play a crucial role in getting approval for multiple home loans.Legal Restrictions:There may be legal restrictions or regulations regarding availing of multiple home loans. It's essential to check the local laws and regulations in your area.Repayment Capacity:Assess whether you can comfortably manage the EMIs for both home loans along with your other financial commitments.

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Home Loan

Apply for a Housing Loan of Upto 5 Crore at 8.75%* p.a Tenure Upto 30 years

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Get Home Loan Online Up to ₹5 Crores*

Tata Capital offers home loans up to ₹5 crores* with a low interest rate starting from just 8.75% per year. Enjoy a seamless online application process, minimal documentation, and instant provisional sanction. With loan terms of up to 30 years, Tata Capital ensures your journey to homeownership is smooth and stress-free.

Loan amount offered

Up to ₹5 crores*

Loan tenure

Upto 30 years

Interest rate starting @

8.75%* p.a.

View Rates & Charges

Home Loan EMI Calculator

Calculate the Monthly EMI for Your Home Loan

Loan amount

₹

₹75,000 ₹35,00,000

Loan duration

1 Years 6 Years

Rate of interest

10% p.a 19% p.a

Monthly EMI

Total Amount Payable

0*
Total Interest Payable

0*

Total Amount Payable

Total Interest Payable

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Home Loan Eligibility Criteria

Are you unsure about your eligibility for your dream home loan? We offer easy online checks to see if you qualify for up to Rs.5 crore*.

Eligibility Criteria	Details
Age Specifications	Applicants aged 21–65 years are eligible
Income Criteria	Stable income required. Use our EMI or home loan eligibility calculator for details.
Loan Tenure	5-30yrs
Employment Profiles	Open to salaried employees, self-employed professionals, and entrepreneurs.
Credit Health	A good credit score is essential for loan approval, reflecting financial discipline and creditworthiness.

Home Loan Interest Rates and Charges

Discover Home Loan Interest Rates and Charges below

Particulars	Salaried	Self-Employed
Loan amount	₹ 5 lakhs to ₹ 5 crores	₹ 5 lakhs to ₹ 5 crores
Loan tenure	Up to 30 years	Up to 30 years
Interest Rate	8.75% per annum	Starting rate @ 8.85%
Required documents	Click here for details	Click here for details
Online Eligibility Check	Click here to check your eligibility	Click here to check your eligibility
Eligibility criteria	Min. salary of Rs. 30,000 with at least 2 years of work experience	3 years of experience in the same business
Co-applicant tax benefit	Separate tax deductions of up to Rs. 2L under sec. 24 of the IT Act. Claim deductions of up to Rs. 1.5L under sec. 80C	Separate tax deductions of up to Rs. 2L under sec. 24 of the IT Act. Claim deductions of up to Rs. 1.5L under sec. 80C
Processing fees	Starting @ 0.10% of Loan Amount + GST	Starting @ 0.20% of Loan Amount + GST
Foreclosure Charges	No charges when you prepay your home loan with your funds. Nominal charges when you pre-pay your home loan using others’ funds	No charges when you prepay your home loan with your funds. Nominal charges when you pre-pay your home loan using others’ funds
Delayed EMI Payments	2% over and above the prevailing housing loan interest rate for the delayed period	2% over and above the prevailing housing loan interest rate for the delayed period
Other Charges	Check collection agency and legal charges	Check collection agency and legal charges

Home Loan Documents

Availing a home loan requires providing documents to verify your identity, income, and the details of the property. This helps us process your loan smoothly and tailor it to your needs. Here are the documents you need:

Identity proof or KYC documents such as Aadhaar card, Passport
Proof of residence
Salary slips, Bank statements, ITR for proof of income
Property documents or sales deed

Features and Benefits of Tata Capital Home Loan

Loan Up to 5 Crore*

Get a loan of up to Rs.5 crore* to finance your dream home.

Low Interest Rates

Low interest rates starting at just 8.75% - tailored to YOUR situation for affordable homeownership.

Approval in 48 Hours

Fast and streamlined online application for quick loan approvals - no waiting around!

Tenure Up to 30 Years: Choose a repayment term that works for you - from 5 to 30 years.

Easy Application

Use our handy online calculator to see what you can qualify for upfront, making the application process a breeze.

Flexible Financing

Whether you're looking for a new property, an under-construction dream home, land, or that perfect extension, we've got options for all your needs.

Hassle-Free Processing

Our efficient loan processing gets you funded quickly and smoothly.

Co-applicant Benefits

Co-applicant housing loans enhance eligibility, secure lower interest rates, facilitate loan repayment, and provide higher tax benefits under Income Tax Act sections 24 and 80C.

Avail TATA Capital loans directly from WhatsApp

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How to Apply for Home Loan in Just 5 Steps

Step 1

Enter your basic details

Step 2

Check your eligibility

Step 3

Pay the processing fee

Step 4

Upload Documents

Step 5

Get Provisional Sanction

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Dos and Don'ts While Applying for a Home Loan

Dos	Don’ts
Ensure you meet the Loan criteria to avoid rejection.	Read the loan agreement thoroughly to avoid surprises.
Have all required documents ready to avoid delays.	Consider the lender's reputation and services, not just interest rates.
Be sure you can manage the EMI, even in emergencies.	Avoid applying to multiple lenders at once to protect your credit score.
Understand every clause; ask questions if unclear.	Avoid overspending or missing EMIs.

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Home Loan in Lucknow

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Home Loan Repayment Options

Here’s an breakdown of Tata Capital's house loan repayment options:

Standard EMI Plan

Consistent Payments: Pay the same amount every month until your loan is fully repaid.
Ideal for Fixed Incomes: Perfect for those who prefer stable monthly payments throughout the loan tenure.

Step-Up Flexi EMI Plan

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

Start Small, Grow Gradually: Begin with lower EMIs and increase them as your income grows.
Save on Interest: This plan helps you reduce interest costs and pay off your loan faster.
Exclusive to Tata Capital: Enjoy the unique flexibility of managing your loan payments as your financial situation improves.

More Home Loan products for you

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

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

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.

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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

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

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

I'm happy with the service and the help I got earlier for foreclosure letter. Thank you so much & thanks to Alisha mam for her guidance.

Akshay Anil Pawar

Home Loan | 17 Jul, 2024

Special thanks to Mr. Avinash for his help rendered with full commitment to his job, answering the queries to me clearly, and follow up so that the work is done in given time to get customer satisfaction.

Hannah Grace

Home Loan | 02 Jul, 2024

Mr Avinash who handled my case is well experienced and has courtesy for customers' concerns. However, some of the Tata Capital products are very expensive when compared to other banks' ones!

Mohammed Shakeel Urrahman

Home Loan | 28 Jun, 2024

Start to end of my loan process was simple and guidance of your team members were to the point. My last communication was with Mr. MANOJ PATEL from surat branch he was very polite and helpful.

Anamika Vijaykumar Tiwari

Home Loan | 20 Jun, 2024

We extend our heartfelt gratitude to Mr. Pravin Sagare, Senior Officer of Customer Service, for his exceptional service. His remarkable demeanor and professionalism during telephonic interactions with customers have been truly outstanding. Over the past two years, we have utilized various services, yet none have matched the quality provided by Mr. Sagare. We are deeply impressed by the exemplary service, due to this reaons we has influenced our decision to obtain a second home loan from TATA Capital Housing Finance Limited.

Avinash Vasantbhai Bhesaniya

Home Loan | 07 Jun, 2024

I had applied for a home loan at Tata Capital & got the it approved quickly. The process was smooth and sanctioned with sufficient amount with tenure period of 20 yrs.

Sumeet Verma

Home Loan | 14 Mar, 2022

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FAQs on Home Loan

A home loan is money one can borrow from a bank or a lender to buy a house or an apartment. Instead of paying for the whole property upfront, you can pay back the loan in smaller amounts over time.

We provide different types of housing loans for different needs like – Home extension loan, loan for self-construction, affordable housing loan, top-up etc.

A co-applicant in a home loan can typically be a spouse, parent, sibling, or child, sharing the loan's responsibility and benefits.

At Tata Capital, you can avail home loans ranging from ₹ 5 lakhs upto ₹ 5 crores. To get a more personalised estimate of the amount you can borrow based on your unique financial profile, we encourage you to use our home loan EMI calculator or check our home loan eligibility criteria. Additionally, for any specific queries or assistance, feel free to apply online or contact our customer service team.

Yes, it is possible to avail of two home loans at the same time, but there are certain conditions and eligibility criteria that you should be aware of. Availing of multiple home loans simultaneously typically involves meeting specific financial and creditworthiness requirements. Here are some key points to consider:

Financial Eligibility: Lenders will assess your financial situation to determine if you can afford two home loans simultaneously. This includes factors such as your income, credit score and existing debts.
Loan-to-Value Ratio: Lenders often have limits on the maximum loan amount they will offer based on the property's value. You may need to make a substantial down payment if you plan to avail of two home loans simultaneously.
Stable Income: Lenders will want to see a stable and sufficient income to cover the monthly EMIs for both home loans.
Creditworthiness: Your credit score and credit history play a crucial role in getting approval for multiple home loans.
Legal Restrictions: There may be legal restrictions or regulations regarding availing of multiple home loans. It's essential to check the local laws and regulations in your area.
Repayment Capacity: Assess whether you can comfortably manage the EMIs for both home loans along with your other financial commitments.

Regarding the maximum duration allowed for repaying a home loan, it can vary depending on the lender and the loan agreement terms. Home loans often have a maximum tenure of 30 years, but this can vary. Some lenders may offer shorter or longer loan tenures based on their policies and the borrower's eligibility.

Home loan EMIs typically start from the month following the full loan disbursement.

Eligibility depends on various factors, including the lender's criteria. Some lenders may approve loans for individuals with a salary of ₹15,000, but the loan amount might be limited.

The EMI depends on the interest rate and loan tenure. For example, at an 8.75% interest rate over 20 years, use an EMI calculator for precise figures.

Most lenders do not offer 100% financing. Generally, you need to make a down payment of 10-20% of the property value.

Section 24 of the Income Tax Act allows a person to claim a tax deduction for the interest on a home loan up to a maximum of Rs. 2,00,000. You can claim this deduction if you finish building the house within five years; else, you can only claim Rs. 30,000.

Tata Capital home loan processing fee is 0.5%.

Factors include your income, credit score, employment stability, age, existing liabilities, and the property's value.

Home loan insurance is not mandatory but is recommended for financial security.

You can track the status using your application reference number through the lender's online portal, customer service, or mobile app.

Adding a co-applicant boosts housing loan eligibility by combining incomes, easing repayment as responsibilities are shared, and may secure benefits like lower interest rates and higher tax deductions.

No, a guarantor is not required to apply for a home loan. As long as you meet the eligibility criteria, you can apply on your own. However, if you want to share the financial responsibility, you can opt for a joint home loan with a co-applicant. This can be your parent, spouse, sibling, or child.

Once you submit all the necessary documents with your application, we review your personal and property details. If everything checks out, including the property’s evaluation, approval is granted on the spot. After approval, the loan is typically disbursed within 3 to 5 business days.

You can take a joint home loan in India with co-borrowers like your spouse, parent, sibling, or child. A joint loan considers the combined income of all applicants, making you eligible for a higher loan amount. Required documents include identity proof, address proof, income proof, proof of co-ownership, and property documents.

It's possible to switch between fixed and floating interest rates at any time during the loan tenure by paying a small fee. However, switching frequently may not be allowed. Since your interest rate choice affects your EMIs, it’s important to carefully evaluate your financial needs before making the switch.

Securing a home loan can be beneficial if you’re planning to purchase a home. It allows you to break down a large financial commitment into manageable monthly payments, reducing the immediate burden on your savings. Plus, with flexible repayment options and potential tax benefits, housing finance can help you achieve homeownership more easily.

Find the Right Loan for You

Affordable Housing Loan

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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Home Extension Loan

As the years go by and your family continues to grow, does your house feel smaller?

Tata Capital’s Home Extension Loan is a perfect solution to help you give your family that additional space they deserve.

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Home Loan for Self-Construction

Instead of buying a ready-to-move-in house, you can choose to purchase a piece of land and construct your house on it brick by brick.

A home loan for self-construction or simply a home construction loan is a special type of home loan given to help borrowers construct their own house on a piece of land or plot.

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Home Loan Top-up

A home loan top-up is a facility offered by lenders under which a borrower can take an additional loan over and above their existing home loan.

The home loan top-up facility is available only for existing home loan borrowers without the need for any additional security or guarantee.

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Home Loan Overdraft

At times, you may need additional funds to tackle your personal or business expenses.

With Tata Capital’s home loan overdraft facility, you can avail of a home overdraft loan limit of up to Rs. 2 crores. You can withdraw funds from this overdraft housing loan limit as per your needs and then pay it back at your convenience.

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Quick Cash

Quick Cash loan is a unique Pre-Approved personal finance top-up linked to your existing Tata Capital Housing Finance Limited (TCHFL) loans. This loan is only for existing TCHFL Home Loan and Home Equity customers.

Apart from its unique features, it also offers other advantages such as faster processing, and a paperless journey, notwithstanding that all this could be availed in just a few clicks at your convenience any day 24*7.

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Balance Transfer

A home loan balance transfer, or simply a home loan transfer, takes place when you transfer your outstanding home loan amount to a new lender from your existing lender.

With Tata Capital Home Loan Balance Transfer, you can transfer your outstanding home loan balance to affordable interest rates. Our home loan interest rates start from just 8.75% per annum*.

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Home Loan Blogs

Home Loan

Home Loan

Get Home Loan Online Up to ₹5 Crores*

Home Loan EMI Calculator

Loan duration

Home Loan Eligibility Criteria

Home Loan Interest Rates and Charges

Home Loan Documents

Features and Benefits of Tata Capital Home Loan

How to Apply for Home Loan in Just 5 Steps

Dos and Don'ts While Applying for a Home Loan

Get Home Loan in Your City

Home Loan Repayment Options

JLG/Microfinance

More Home Loan products for you

Home Loan for government employees

Home Loan for self-employed

Home Loan for women

What Our Customers Say About Us

Prakash Patil

Nandlal Lal Arora

Farhang Ahmed Azar

Akshay Anil Pawar

Hannah Grace

Mohammed Shakeel Urrahman

Anamika Vijaykumar Tiwari

Avinash Vasantbhai Bhesaniya

Sumeet Verma

Related Housing Loan Videos

Home Loan Repayment Guide

FAQs on Home Loan

What is Home Loan?

What are the different types of housing loans?

Who can be a co-applicant for Home Loan?

What is the maximum limit for a home loan I can apply for?

Can I avail of two home loans at the same time?

What is the maximum duration allowed for repaying a home loan?

When do home loan EMIs start?

Can I get a home loan if my salary is 15000?

What is the EMI for a 20 lakh home loan?

Can I get a 100% home loan?

What are the tax benefits on home loan?

What is the home loan processing fee?

Which factors affect your home loan eligibility?

Is home loan insurance mandatory?

How to track home loan application status?

How does adding a co-applicant benefit?

Do I need a guarantor for a home loan?

How long does it take to get a home loan sanctioned?

Can a home loan be taken jointly in India?

Can I switch to a floating rate from a fixed rate during my loan tenure?

Is opting for housing finance worth it?

Find the Right Loan for You

Home Loan Blogs

Which One Should Be Taken – Home Loan Top Up or A Personal Loan?

Top 5 Reasons Why 2022 is the Best Time to Invest in North East

10 Tips for Building the Perfect Home Office

Reasons Why Budget 2022 will be Focusing More on Affordable Housing

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