Taking a home loan is a big decision, and understanding your EMI is crucial. The Tata Capital Home Loan EMI Calculator gives you instant clarity on your payments. Credit Dharma ensures a hassle-free experience with expert advice, competitive interest rates, and lifetime assistance.
Get low-interest home loans at Tata Capital with Credit Dharma!
Tata Capital Home Loan Highlights
Tata Capital offers home loans with attractive interest rates starting from 8.75% p.a. and a maximum tenure of up to 30 years.
| Feature | Details |
|---|---|
| Interest Rate | 8.75% p.a. onwards |
| Loan Amount | upto 7.5 Crore |
| Loan Tenure | Up to 30 years |
| Processing Charges | Up to 3% of the loan amount |
| Types of Home Loans | Extension Loan, Overdraft Loan, Balance Transfer, Affordable Housing Loan, PMAY, Plot & Construction Loan, Top-Up Loan |
The interest rates, maximum tenures, and other charges are subject to change, and it’s advisable to check with our experts for the most current information.
Source: TATA Capital Home Loan Interest Rates
Tata Capital Home Loan Interest Rates
The interest rate is a key factor in determining your EMI. Tata Capital offers competitive interest rates to make homeownership affordable. The rates are dynamic and change based on RBI policies and the borrower’s credit profile.
Check the Tata Capital Home Loan Interest Rates for the latest interest rates.
| Customer Profile | Loan Amount | Delayed EMI Payments | Interest Rate |
|---|---|---|---|
| Salaried | 5 lakhs to 7.5 Crores | 2.00% P.M. (24.00% P.A.) on the defaulted amount | Starting @ 8.75% per annum |
| Self Employed | 5 lakhs to 7.5 Crores | 2.00% P.M. (24.00% P.A.) on the defaulted amount | Starting @ 8.85% per annum |
Also Read: Tata Capital Home Loan Interest Rates-2025
Tata Capital Home Loan Eligibility Criteria
Before applying for a home loan, it’s essential to understand the eligibility criteria. Here’s the essential eligibility checklist set by TATA Capital Home Loan:
| Criteria | Requirements |
|---|---|
| Age | 21–65 years |
| Nationality | Indian/ NRI/ PIO |
| Income Criteria | Stable income required |
| 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. |
Check Out: TATA Capital Home Loan Eligibility Calculator
Get a Home Loan
with Highest Eligibility
& Best Rates
How is Tata Capital Home Loan EMI Calculated?
The EMI for an Tata Capital home loan is calculated using the following standard formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]
Where:
- P = Loan Amount
- R = Monthly Interest Rate (Annual Rate ÷ 12)
- N = Loan Tenure in Months
Example Calculation:
If you borrow ₹50 lakhs at an interest rate of 8.5% p.a. for a tenure of 20 years, the calculation will be:
- Loan Amount (P) = ₹50,00,000
- Interest Rate (R) = 8.5%/12 = 0.7083% per month
- Loan Tenure (N) = 20 years × 12 = 240 months
Using the EMI formula, the monthly EMI will be around ₹43,391.
Pro Tip: If your credit score is low, consider working on it for 3-6 months before applying for a home loan.
How to Use Tata Capital Home Loan EMI Calculator
The Tata Capital Home Loan EMI Calculator is a powerful tool to help you calculate your monthly EMI, total interest payable, and overall repayment amount with precision. Follow these steps to use the calculator effectively:
- Input the Loan Amount: Use the slider or enter the amount you wish to borrow in the “Loan Amount” field (e.g., ₹88,00,000).
The loan amount determines the base on which your EMI is calculated. - Set the Interest Rate: Adjust the interest rate slider to match Tata Capital’s current home loan interest rate (e.g., 11.85% p.a. in this example).
Refer to the Tata Capital Home Loan Interest Rate to get the latest applicable interest rates. - Choose the Loan Tenure: Select the repayment period using the slider or input the desired loan tenure in years (e.g., 15 years).
Longer tenures lower your EMI but increase the total interest payable. - Review the Results: The calculator will display:
Monthly EMI: The fixed monthly payment (e.g., ₹1,04,767).
Interest Amount: The total interest you’ll pay over the loan tenure (e.g., ₹1,00,58,069).
Total Payable: The total amount you’ll repay, including the loan amount and interest (e.g., ₹1,88,58,069).
A pie chart visually represents the split between the loan amount and the interest payable.
How to Reduce Tata Capital Home Loan EMI?
Using the Tata Capital Home Loan EMI Calculator effectively can help you strategize your loan better. Here are proven methods to reduce your EMI burden:
1. Higher Down Payment Impact
- Every 5% increase in down payment reduces EMI by approximately 8-10%
- Example: On a ₹50 lakh loan at 8.50% for 20 years
- 20% down payment: EMI = ₹34,521
- 30% down payment: EMI = ₹30,018
- Annual savings: ₹54,036
2. Tenure Optimization
Longer tenure means lower EMIs but higher interest outgo:
Loan Amount: ₹40 lakh at 8.50%
15 years: EMI = ₹39,482 (Total Interest: ₹31,06,760)
20 years: EMI = ₹34,521 (Total Interest: ₹42,85,040)
25 years: EMI = ₹31,876 (Total Interest: ₹55,62,800)
Suggested Read: 15 vs 30-year home loans: weighing the pros and cons.
3. Interest Rate Negotiation
- Maintain credit score above 750
- Compare rates across lenders
- Consider balance transfer for better rates
- Negotiate based on a relationship with the bank
4. Joint Loan Benefits
- Higher loan eligibility (up to 30% more)
- Tax benefits for both applicants
- Lower interest rates in some cases
- Shared liability reduces individual burden
The most effective strategy is combining multiple approaches. Start by using the Nanital Bank Home Loan EMI Calculator to simulate different scenarios before finalizing your loan structure.
Pro Tip: Use the Tata Capital Home Loan Prepayment Guide to learn how to make prepayments and reduce your EMI.
Tata Capital Home Loan Processing Fees and Charges
| Charge Type | Details |
|---|---|
| Processing Fees | Up to 3% of the loan amount |
| Late Payment Charges | 2.00% P.M. (24.00% P.A.) on the defaulted & Rs 700/- per instrument per process |
| Foreclosure Charges | Nil |
Source: Tata Capital Home Loan Fees and Charges
How To Apply For a Home Loan From Tata Capital?
- Check Eligibility Criteria: Verify age, income, credit score, and employment status.
- Calculate Loan Amount and EMI: Use Tata Capital online calculator to determine affordable loan amounts and monthly installments.
- Gather Required Documents: Collect identity proof, address proof, income statements, and property-related documents.
- Choose Application Method: Apply online through Tata Capital’s website or visit a nearby branch in person.
- Submit the Application: Complete the application form accurately and attach all necessary documents.
- Loan Processing and Verification: The bank reviews your application, verifies documents, and conducts a credit appraisal.
- Property Valuation and Legal Checks: Tata Capital assesses the property’s market value and performs legal due diligence.
- Receive Approval and Sanction Letter: Upon successful verification, you receive a loan approval and sanction letter detailing terms.
- Sign the Agreement: Review and sign the loan agreement, agreeing to the specified terms and conditions.
- Disbursement of Funds: The approved loan amount is transferred to your account or directly to the property seller.
- Complete Post-Disbursement Formalities: Finalize any remaining documentation and set up repayment methods for EMIs.
Read More: Home Loans in Bangalore
Home Loan Interest Rates by Top Banks
| Bank | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| SBI Bank | 8.50% p.a. onwards | 8.5% p.a. onwards | 8.50% p.a. onwards |
| HDFC Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| LIC Bank | 8.50% – 10.35% p.a. | 8.50% – 10.55% p.a. | 8.50% – 10.75% p.a. |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Punjab National Bank | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. |
| Bank Of Baroda | 8.15% onwards | 8.15% – 10.65% p.a. | 8.40% – 10.90% p.a. |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards |
| Axis Bank | 8.75%-10.30% p.a. | 8.75%-10.30% p.a. | 8.75%-10.30% p.a. |
| Bank of India | 8.40% p.a onwards | 8.40% p.a onwards | 8.40% p.a onwards |
| TATA Capital | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
Home Loan Processing Fees by Top Banks
| Bank | Home Loan Processing Fee |
|---|---|
| SBI (State Bank of India) | 0.35% of the loan amount (min ₹2,000, max ₹10,000) + GST |
| HDFC Bank | Upto 0.50% of the loan amount or Rs. 3300/- whichever is higher |
| ICICI Bank | 0.50% of the loan amount (min ₹3,000, max ₹5,000) + GST |
| Axis Bank | 1% of the loan amount or ₹10,000 (whichever is lower) |
| Kotak Mahindra Bank | 0.5% – 1.00% of the loan amount |
| Bajaj Housing Finance | Up to 4% of the loan amount |
Get the Best Tata Capital Home Loan Offers with Credit Dharma
Credit Dharma is your trusted partner for securing the best Tata Capital Home Loan offers, with over ₹500 Cr+ loans handled and partnerships with 20+ leading banks. We provide exclusive access to the lowest interest rates and a seamless, digital process with fast approvals in just 1-2 weeks, backed by lifetime support from our home loan experts.
Why choose Credit Dharma? We provide:
- Lowest Interest Rates: Save more with every EMI.
- Maximum Funding: Get up to 100% funding for your dream home.
- Simple & Digital Process: No tedious paperwork or branch visits.
- Expert Guidance: Lifetime support from our team of specialists.
Compare, choose, and secure the best Tata Capital Home Loan offer with Credit Dharma — your home loan journey starts here!
Conclusion
The Tata Capital Home Loan EMI Calculator is an essential tool for managing home loan commitments, providing an easy, accurate, and free method for understanding your financial responsibilities.
Visit the official Tata Capital website for more information. At Credit Dharma, we ensure that you get expert-backed advice, the lowest rates, and lifetime support throughout your loan journey. Ready to calculate your EMI?
Frequently Asked Questions
Tata Capital offers home loans ranging from ₹5 lakh up to ₹7.5 crore, depending on your eligibility and financial profile.
Interest rates start from 8.75% per annum for salaried individuals and may vary based on factors such as loan amount, tenure, and applicant profile.
You can choose a repayment tenure of up to 30 years, allowing for flexible and manageable EMIs.
The processing fee starts at 0.10% of the loan amount plus applicable taxes for salaried individuals.
Required documents include identity proof (e.g., Aadhaar card, Passport), proof of residence, proof of income (e.g., salary slips, bank statements, ITR), and property documents or sales deed.
Yes, you can prepay or foreclose your home loan. There are no charges when you prepay using your own funds. Nominal charges apply when prepaying using funds from other sources.
A co-applicant can be your spouse, parent, sibling, or child. Having a co-applicant can enhance loan eligibility and provide additional tax benefits.
Yes, it’s possible to switch between fixed and floating interest rates during your loan tenure by paying a nominal fee. However, frequent switching may be restricted, so it’s advisable to evaluate your financial needs carefully before making the switch.
HDFC Home Loan
SBI Home Loan
