While availing of a loan to buy your dream home, having flexibility in repaying the amount is beneficial. Opting for a loan from a reliable and renowned institution like Tata Capital has several benefits. Here are five benefits of choosing Tata Capital home loans
- Flexibility in repaying
Customized repayment schedules to match the income and financial liquidity of the borrowers are available. This enables individuals to plan their cash flows accurately while preventing liquidity crises.
- Affordable interest rates
The lender provides affordable home loan interest rates that would not create a financial burden to the borrowers.
- Quick and hassle-free procedure
The entire procedure from filling out an application form to receiving the disbursal is completed in a short period of time. Furthermore, the procedure to avail of property loans from Tata Capital is quick and uncomplicated. Moreover, trained personnel are available to assist borrowers in case of any trouble.
- Longer tenure
To ensure every individual is able to afford his own dream home, Tata Capital offers flexible loan tenures to the borrowers. Such property loans are available from 12 months up to 30 years.
- Loan amount
Applicants may apply for loan amount ranging from INR 2 lakhs up to INR 3 crores for residential properties. Based on the eligibility of the applicants, such versatility makes it easier for people to buy their dream homes.
Here are some important points to remember while determining home loan eligibility
- Self-employed professionals, salaried individuals, and self-employed non-professionals are eligible for taking up the loans
- Applicants must be at least 24 years old at the time of applying for the loans
- Maximum age of the borrowers at the time of superannuation or repayment must not exceed 65 years
The documents that must be submitted along with the property loan application form are listed here
- Salaried individuals
- Proof of residence and identity
- Latest copy of salary slip
- Form 16
- Bank statement of previous six months
- Processing fees cheque
- Self-employed professionals
- Residence and identity proof
- Education qualification certificate
- Proof of existence of the business
- Income tax (IT) returns for previous three years
- Profit and Loss statement and Balance Sheet statement of previous three years
- Six months bank statement
- Processing fees cheque
- Self-employed non-professionals
- Proof of residence and identity
- Education qualification certificate
- Proof of existence of the business
- Business/company profile
- Income tax (IT) returns for self and business of past three years
- Six months bank statement
- Profit and Loss statement and Balance Sheet of past three years
- Processing fees cheque
In the case of any queries, applicants may take help from trained customer service personnel. Take a Tata Capital home loan today and conveniently move into your dream home.
Note: This is a sponsored post
