What is the minimum salary to avail of a home loan in Visakhapatnam?

To qualify for a Tata Capital home loan, salaried individuals need a minimum monthly income of ₹30,000.

How much is the downpayment on a home loan in Visakhapatnam?

The exact amount depends on factors such as the loan program, lender policies, and your financial profile.

Do I need to provide any security or collateral to apply for a home loan in Visakhapatnam?

Yes, you need to provide security or collateral.

How to Calculate EMI for Home Loan Online?

To calculate EMI for a home loan online, use Tata Capital's Home Loan EMI Calculator. Enter the loan amount, tenure, and interest rate to get an instant EMI estimate.

How long does it take to get a housing loan in Visakhapatnam?

The time to get a housing loan from Tata Capital typically depends on document verification and approval processes. With complete documentation and eligibility checks, loans can be approved quickly, often within a few days.

Can I prepay my home loan in Visakhapatnam? Are there any charges associated with it?

For floating interest rate loans, no prepayment charges apply. However, for fixed interest rate loans, nominal charges may be applicable.

Are there any additional charges for home loans in Visakhapatnam?

Yes, Tata Capital home loans may include additional charges such as processing fees, legal fees, valuation charges, and administrative costs. These charges vary based on the loan amount and terms.

How to get a home loan with a low cibil score in Visakhapatnam?

Improve credit, show stable income, offer collateral, get a guarantor, or opt for a higher interest rate.

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Home Loan
Home Loan in Visakhapatnam

Home Loan in Visakhapatnam

Loan Up to ₹5 Crore* | Tenure Up to 30 years | Minimum Documentation

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Own Your Home in Visakhapatnam with Tata Capital Home Loans

Ample business and job opportunities

In addition to tourism and shipping industries, Visakhapatnam also houses thriving fishing, pharmaceutical, IT, and import-export industries. This compels individuals from all across South India and other locations to buy residential real estate within the city.

Experiencing a real estate boom

Since the division of Telangana and Andhra Pradesh, the Andhra Pradesh State Government is pooling efforts to further develop Visakhapatnam. This has led to an increase in the demand for real estate within the city, and subsequently, the demand for Home Loan in Visakhapatnam

Loan amount offered

₹5,00,000 - ₹5,00,00,000

Loan tenure

Upto 30 Years

Interest rate starting @

7.75%* p.a.

View Rates & Charges

Home Loan EMI Calculator

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

Apply Now

Calculate Home Loan EMI

Features and Benefits of Home Loan in Visakhapatnam

Tata Capital brings you instant home loan offerings for you to purchase or construct your dream home. Here are some of the salient features of a home loan in Visakhapatnam

Competitive interest rates

With Tata Capital, you can avail an affordable home loan as we offer some of the lowest interest rates in Visakhapatnam. Check out our competitive home loan interest rates and be ready to move into your new home sooner!

Highest home loan eligibility

Tata Capital's easy-to-meet eligibility criteria ensure a smooth loan approval and disbursal process. Use our home loan eligibility calculator to determine your eligibility within seconds!

Investment for your Future

In a developing city like Visakhapatnam, owning a home is more than just a dream you need to fulfil. Thanks to its thriving industrial and commercial sector, buying a property in Visakhapatnam is an excellent investment opportunity. Tata Capital's affordable home loans will make this future investment convenient for you, as you can receive the required funds in no time!

Multipurpose

Whether you want to construct a house, purchase a ready-to-move-in apartment, or redesign your home to reflect your lifestyle, we have tailor-made home loan offerings for all your needs.

Flexible tenure

Tata Capital's customised home loans come with an extended tenure of up to 30 years, making loan repayment extra convenient!

Home Loan Interest Rates in Visakhapatnam?

Your loan's interest rate is one of the most important components as it increases or decreases your total monthly instalment amount. Fortunately, taking a housing loan in Visakhapatnam has never been easier, as the interest rates are at an all-time low.

What’s more, by availing of some of the lowest home loan rates in Visakhapatnam at Tata Capital, you can increase your total loan amount and buy a house that was going out of your budget range before.

Check out our affordable Home Loan interest rates in Visakhapatnam, and file your housing finance application today!

Eligibility Criteria for a Home Loan in Visakhapatnam?

To avail a home loan in Vizag, you need to meet some fundamental home loan eligibility criteria:

You should be aged between 24 to 65
You must be salaried or self-employed
As a salaried professional you must have two years of working experience and your minimum monthly salary should be Rs. 30,000.
As a self-employed individual, you must have three years of working experience in your current specified field.
Your credit score must be 750 or above

Use our Home Loan Eligibility Calculator to find out your eligibility quickly.

Documents Required for Home Loan in Visakhapatnam

Age Proof

A copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card, or School Leaving Certificate

Photo Identity Proof

A copy of your Voter ID Card, Passport, Driving License, Aadhaar Card, or PAN Card

Address Proof

A copy of your Utility Bill, Bank Statement, Property Registration Documents, Property Tax Receipt, or Voter ID Card

Income Proof

A copy of your Salary Slips for the last three months, Salary Bank Account Statements for the last six months, Appointment letter, Yearly increment letter, or a Certified true copy of Form 16

Existing Loan Details

Existing loan details should be provided through Bank Statements or Loan Statements

Processing Fee Cheque

To be issued from your salary account

Age Proof

A copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card, or School Leaving Certificate

Photo Identity Proof

A copy of your Voter ID Card, Passport, Driving License, Aadhaar Card, or PAN Card

Address Proof

A copy of your Utility Bill, Bank Statement, Property Registration Documents, Property Tax Receipt, or Voter ID Card

Business Proof

A copy of the last two years' Income Tax Returns, your Business Profile on a letterhead, or your Business Registration Certificate for business commencement

Income Proof

A copy of the last three years' Profit & Loss (P/L) Projection Statement, Operative current account statement for the last six months, Bank statements for the last six months of CC/OD facilities (if taken)

Existing Loan Details

Existing loan details should be provided through Bank statements or Loan statements

Processing Fee Cheque

To be issued from your business account

Age Proof

A copy of your Passport, Driving License, Life Insurance Policy, Birth Certificate, PAN Card, or School Leaving Certificate

Photo Identity Proof

A copy of your Voter ID Card, Passport, Driving License, Aadhaar Card, or PAN Card

Address Proof

A copy of your Utility Bill, Bank Statement, Property Registration Documents, Property Tax Receipt, or Voter ID Card

Employment Proof

A copy of your pay slips for the last six months along with the employment stability documents, such as your appointment letter or previous employment history

Income Proof

Overseas salary account details for Indian NRE or NRO account statements for the last six months

Credit Report

NRI applicants should submit a Credit Report of their current country of residence, wherever it is applicable as per Tata Capital norms

Existing Loan Details

Existing loan details should be provided through Bank statements or Loan statements

Processing Fee Cheque

To be issued from your salary account or business account

How to Apply for a Home Loan Online in Visakhapatnam?

Gone are the days when applying for housing finance meant taking time off your busy schedule and visiting your lender’s branch. With our online home loan application portal, you can start and file your loan application within minutes.

Want to apply for a home loan in Visakhapatnam? Click on the “Apply Now” tab to fill out a digital form. After which we will quickly check if your application matches our eligibility criteria and ask you for relevant documents.

Our experts will then inspect the property you wish to buy and hand you your E-sanction letter if everything checks out.

And, that’s it! Once we approve your home loan, you’ll receive the amount in your bank account within a few days. So, you see how easy it is to apply for housing loan in Visakhapatnam?

Apply Now

Other Ways to Apply for a Home Loan in Visakhapatnam

Customer care: 18602676060
Email – contactus@tatacapital.com
Registered Branch – TCHFL, Krupa Biz House, 49-24-51, 4th Floor, Shankarmattam Road, Madhura Nagar, Visakhapatnam - 530016