Tata Capital Bank plot Loan

Tata Capital Bank plot loan features

Reference Rate	17.45%
Loan Amount	Minimum: Rs.2 lakh, Maximum: Rs.5 crore
Processing Fees	0.5% of the loan amount onwards + GST
Penal Interest Rate	Extra 2% on the applicable rate for the duration of the delay
Prepayment/Foreclosure Charges	NIL for own-source payments 2% for non-individuals and balance transfer on fixed-rate
Max Tenure	30 Years
Rate Packages Available	Floating/Fixed
Tata Capital Home Loan Schemes	Interest Rate (p.a.)
Home Loan	8.50% onwards
Home Extension Loan	8.50% onwards
Affordable Housing Loan	8.50% onwards

Eligibility Criteria for the Tata Capital Bank plot loan

Age	Employment
Home Loan – 24 years to 65 years.	Salaried – Must be earning at least Rs.30,000 per month with a minimum of 2 years of work experience.
Home Extension Loan – 21 years to 65 years.	Entrepreneur– A minimum of 3 years of work experience in the current field is required.

 

Benefits

• Attractive rates of interest from 8.50%
• 30 years tenure
• Numerous plot loan schemes to suit applicants loan requirements
• Several loan reimbursements options to suit applicants who want
• Bother free document procedure

Plot Loan

Tata Capital Bank offers plot loans to both salaried and self-employed people with an Indian nationality,

1. Tenure

The time for the Tata Capital Bank plot loan is 30 years.

2. Prepayment Fine

A prepayment fee is a nil

3. Loan to Value Ratio (LTV)

LTF is 90%.

4. Tax Benefits

There are no tax benefits in the Tata Capital Bank plot loan.

Tata Capital Bank plot loan with Construction vs Home Loan

Parameters	Plot Loan with Construction	Regular Home Loan
Tenure	Up to 15 years	Up to 30 years
Prepayment fine	Free	Free
Loan to Value (LTV)	up to 10.24%	up to 90%
Plot with Construction Loan interest rates	The rates are similar to a home loan but can go higher.	Start at 6.80%*
Tax Benefits	Eligible after the construction of a building or home on the plot	Home loan owners are eligible.

Tata Capital Bank plot loan for self-employed individuals

Salient Features

• Self-employed individuals can apply for this loan.
• Buy a plot that’s already on sale.
• Buying a plot through a direct share in a covering society or a creator scheme
• Transfer his/her unresolved lending amount availed from another economic organization
• Modified reimbursement choices offered to the debtor liable on the loan amount, loan tenancy, and rate of interest provided by the bank.
• Striking rates of interest obtainable on the plot loans to make it reasonable for the candidates.
• No unseen costs are charged on the lend.

Who can apply for a Tata Capital Bank plot loan self-employed?

Persons can apply for this lend on their personal or together. People for the plot loans must be the planned proprietors of the plot. Co-applicants usually include household members and need not be co-owners of the stuff.

Loan term

• The loan term is 15 years.
• The reimbursement system the candidate has chosen is dependent on the loan amount.
• The client’s outline, age of the plot at the period of lend prime of life, age of the client at the period of loan maturity also play a role in determining the loan term.

Maximum loan amount

Loan Amount	Maximum Funding
Up to Rs.30 lakh	80% of the property price*
Rs.30.01 lakh to Rs.75 lakh	80% of the property price*
Over Rs.75 lakh	75% of the property price*

 

Type of Tata Capital Bank plot loan loans self-employed:

TruFixed Home Loan – 2/3 Year Fixed Rate Variant

Under the Tru Fixed Home Loan, the candidate can benefit from a secure rate of up to 2/3 years, totaling up to an entire 15-year loan period.

Adjustable-Rate Loan

The rate of interest on the loan is revised every three months. An increase in the rate of interest will result in an upsurge in the EMI’s interest component which in turn will reduce the principal component. 

Tata Capital Bank plot loan Interest Rates For self-employed professionals

Adjustable Home Rate Loan

The Retail Prime Lending Rate for self-employed professionals stands at 16.20%

Loan Slab	Home Loan Interest Rates (% p.a)
For women* (up to 30 lakh)	7.05 to 7.55
For others* (up to 30 lakh)	7.10 to 7.60
For women* (above 30 lakh)	7.30 to 7.80
For others* (above 30 lakh)	7.35 to 7.85
For Women* (75.01 Lakhs & Above)	7.40 to 7.90
For Others*(75.01 Lakhs & Above)	7.45 to 7.95

The interest rates are applicable only for loans under the Adjustable-Rate Home Loan Scheme of Capital First and can be revised at the time of disbursement.

Tru Fixed Loan – 2 Year Fixed Rate Variant

The Retail Prime Lending Rate (RPLR) stands at 16.20%

Loan Slab	Home Loan Interest Rates (% p.a)
For women* (up to 30 lakh)	7.05 to 7.55
For others* (up to 30 lakh)	7.10 to 7.60
For women* (above 30 lakh)	7.30 to 7.80
For others* (above 30 lakh)	7.35 to 7.85
For Women* (75.01 Lakhs & Above)	7.40 to 7.90
For Others*(75.01 Lakhs & Above)	7.45 to 7.95

Tata Capital Bank plot loan interest rates for self-employed non-professionals

Adjustable-Rate Home Loan

The Retail Prime Lending Rate (RPLR) stands at 16.20%

Loan Slab	Home Loan Interest Rates (% p.a)
For women* (up to 30 lakh)	7.05 to 7.55
For others* (up to 30 lakh)	7.10 to 7.60
For women* (above 30 lakh)	7.30 to 7.80
For others* (above 30 lakh)	7.35 to 7.85
For Women* (75.01 Lakhs & Above)	7.40 to 7.90
For Others*(75.01 Lakhs & Above)	7.45 to 7.95

TruFixed Loan – 2 Year Fixed Rate Variant

The Retail Prime Lending Rate for self-employed non-professionals holds at 16.20%

Loan Slab	Home Loan Interest Rates (% p.a)
For women* (up to 30 lakh)	7.05 to 7.55
For others* (up to 30 lakh)	7.10 to 7.60
For women* (above 30 lakh)	7.30 to 7.80
For others* (above 30 lakh)	7.35 to 7.85
For Women* (75.01 Lakhs & Above)	7.40 to 7.90
For Others*(75.01 Lakhs & Above)	7.45 to 7.95

Tata Capital Bank plot loan documents required for self-employed

Here are the documents you will have to submit for all the applicants and co-applicants along with the signed application form for the approval of your loan:

Purpose	Documents
Proof of identity and residence (Any 1)	1.      Voter ID Card
	2.      Valid Driving License
	3.      Aadhaar Card
	4.      Valid Passport
Proof of income	1.      Income Tax Returns (ITR) along with computation of income for the previous three assessment years.
	2.      Savings account statements of the individual and current account statements of the business entity for the last six months
	3.      Balance sheet and Profit and Loss account statements with schedules/annexures
	(Documents of both the individual and the business entity should be attested by a CA for points 2 and 3)
Other documents	1.      Business profile
	2.      Latest Form 26AS
	3.      List of directors and shareholders with their shareholding certified by a CS/CA in case of the business entity being a company
	4.      Memorandum and Articles of Association of the company
	5.      Partnership deed if the business entity is a partnership firm
	6.      Details of outgoing loans of the individual and the business entity with the outstanding amount, installments, security, purpose, balance loan term, etc.
	7.      Cheque for processing fee favoring HDFC Ltd.
	8.      Passport size photograph of the applicants/co-applicants on the application form and signed across
	9.      Own contribution proof
Property related documents	1.      Allotment letter/ buyer agreement copy
	2.      Title deeds in case of a resale with previous property documents

Tata Capital Bank plot loan charges for self-employed

·        Processing fees:

Out of whichever is higher between Rs.3,000 and 0.50% of the loan amount and other extra appropriate dues for self-employed professionals

Out of whichever is higher between Rs.4,500 or up to 1.50% of the loan amount and other extra appropriate dues for self-employed non-professionals.

·        Prepayment charges:

Adjustable-Rate Home Loans (ARHL)	Adjustable-Rate Loans (ARHL):
	·        No prepayment charges will be payable on account of full/part payments for loans sanctioned to individual borrowers.
	·        For loans sanctioned to individual borrowers with the firm, company, etc. as a co-applicant. Prepayment charges at 2% plus taxes, as may be applicable from time to time, of the amount being prepaid, are payable.
	·        The customer will have to submit documents that Tata Capital Bank deems fit and proper to confirm the source of funds at the time of prepayment of the loan.
Fixed-Rate Home Loans (FRHL)	Fixed-Rate Loans (FRHL)
	·        No prepayment charges will be applicable for part/full payments made from own sources i.e., sources other than a bank/NBFC/HFC or financial institutions
	·        The customer should submit documents that Tata Capital Bank sees fit and proper to determine the source of funds.
	·        Prepayment charges will be 2% plus taxes and statutory levies and charges of the outstanding amounts being so prepaid through any financial institution or any bank and will be applied to all full/ partial prepayments.
Fixed and Variable Rate Loans (Combination rate)	Fixed and Variable Rate Loans (Combination rate)
	·        During the Fixed Rate period:
	·        The prepayment charges will be 2%, plus applicable taxes and statutory charges and levies of the outstanding amount being so prepaid through refinance from financial institutions or any banks, and will apply to all partial/full prepayments.
	·        The customer must submit documents that Tata Capital bank approves to confirm the source of funds at the time of prepayment of the loan.
	·        During the Variable Rate period:
	·        No prepayment charges will be applicable on account of full/partial prepayments for loan sanctioned to individual borrowers.
	·        For loans sanctioned to individual borrowers with the firm, company, etc. as co-applicants. Prepayment charges at 2% plus taxes and statutory charges, as may be applicable from time to time, of the amount being prepaid are payable.
	The prepayment charges mentioned will apply to the date of execution of the loan agreement. However, the charges are subject to change from time to time depending on the prevailing policies of the Tata Capital bank plot loan.

·        Conversion fees

Name of the service/product	Name of the charge/fee levied	When payable	Frequency
Switch to a lower rate in Variable Rate Loans (Housing/improvement/extension)	Conversion fees	On conversion	On every spread change
Switching to Variable Rate Loan from Fixed Rate Loan (Housing/improvement/extension)	Conversion fees	On conversion	Once
Switching from Trufixed Fixed Rate to Variable Rate Loan	Conversion fees	On conversion	Once
Switch to Lower Rate (Non-Housing Loans)	Conversion fees	On conversion	On every spread change
Switch to Lower Rate (Non-Housing Loans)	Conversion fees	On conversion	On every spread change

 

·       Cheque dishonor charges 

Rs.200

·        Fees on account of external opinion

The external opinion can be either from technical valuers or advocates and the fees can be paid directly to the concerned person depending on the kind of assistance rendered.

·        Property insurance: 

The customer should regularly pay the premium amounts directly to the insurance provider to keep the policy active during the loan tenure.

·        Incidental charges: 

Incidental charges and expenses are imposed to cover the charges, costs, and other expenses that may have been utilized to recover dues from a defaulting customer.

·        Statutory/regulatory charges

The customer will be solely responsible for all charges applicable on stamp duty/MOD/MOE/Central Registry of Securitization Asset Reconstruction and Security Interest of India

·        List of documents 

Up to Rs.500

·        Photocopy of documents 

Up to Rs.500

·        Increase/decrease in the loan term

Up to Rs.500 plus applicable loan term

·        Disbursement cheque cancellation charge post disbursement

Up to Rs.200

·        PDC swap

Up to Rs.200

Tata Capital Bank plot loan for salaried individuals

Salient Features

• Self-employed individuals can apply for this loan.
• Buy a plot that’s already on sale.
• Buying a plot through a direct share in a covering society or a creator scheme
• Transfer his/her unresolved lending amount availed from another economic organization
• Modified reimbursement choices offered to the debtor liable on the loan amount, loan tenancy, and rate of interest provided by the bank.
• Striking rates of interest obtainable on the plot loans to make it reasonable for the candidates.
• No unseen costs are charged on the lend.

Who can apply Tata Capital Bank plot loan for salaried individuals?

Persons can apply for this lend on their personal or together. People for the plot loans must be the planned proprietors of the plot. Co-applicants usually include household members and need not be co-owners of the stuff.

Loan term

• The period is 15 years.
• The reimbursement system the candidate has chosen is dependent on the loan term.
• The client’s outline, age of the plot at the period of lend prime of life, age of the client at the period of loan maturity also play a role in determining the loan term.

Maximum loan amount

Loan Amount	Maximum Funding
Up to Rs.30 lakh	80% of the property price*
Rs.30.01 lakh to Rs.75 lakh	80% of the property price*
Over Rs.75 lakh	75% of the property price*

The maximum funding of the loan can be restricted to 70% of the property cost if the property is situated outside city limits.

Type of Tata Capital Bank plot loan for salaried individuals:

TruFixed Home Loan – 2/3 Year Fixed Rate Variant

Under the Tru Fixed Home Loan, the candidate can benefit from a secure rate of up to 2/3 years, totaling up to the entire 15-year loan period.

Adjustable-Rate Loan

The rate of interest on the loan is revised every three months. An increase in the rate of interest will result in an upsurge in the EMI’s interest component which in turn will reduce the principal component. 

Tata Capital Bank plot loan interest rates for salaried individuals

Adjustable Home Rate Loan

16.20% is the Retail Prime Lending Rate (RPLR) for salaried individuals.

Loan Slab	Home Loan Interest Rates (% p.a)
For women* (up to 30 lakh)	7.05 to 7.55
For others* (up to 30 lakh)	7.10 to 7.60
For women* (above 30 lakh)	7.30 to 7.80
For others* (above 30 lakh)	7.35 to 7.85
For Women* (75.01 Lakhs & Above)	7.40 to 7.90
For Others*(75.01 Lakhs & Above)	7.45 to 7.95

The interest rates are applicable only for loans under the Adjustable-Rate Home Loan Scheme of Tata Capital Bank and can be revised at the time of disbursement.

TruFixed Loan – 2 Year Fixed Rate Variant

16.20% is the Retail Prime Lending Rate (RPLR)

Loan Slab	Home Loan Interest Rates (% p.a)
For women* (up to 30 lakh)	7.05 to 7.55
For others* (up to 30 lakh)	7.10 to 7.60
For women* (above 30 lakh)	7.30 to 7.80
For others* (above 30 lakh)	7.35 to 7.85
For Women* (75.01 Lakhs & Above)	7.40 to 7.90
For Others*(75.01 Lakhs & Above)	7.45 to 7.95

Tata Capital Bank plot loan documents required for salaried individuals

Purpose	Documents
Proof of identity and residence (Any 1)	1.      Voter ID Card
	2.      Valid Driving License
	3.      Aadhaar Card
	4.      Valid Passport
Proof of income	1.      Income Tax Returns (ITR) along with computation of income for the previous three assessment years.
	2.      Savings account statements of the individual and current account statements of the business entity for the last six months
	3.      Balance sheet and Profit and Loss account statements with schedules/annexures
	(Documents of both the individual and the business entity should be attested by a CA for points 2 and 3)
Other documents	1.      Business profile
	2.      Latest Form 26AS

Tata Capital Bank plot loan charges for salaried individuals

• Processing fees

For self-employed professionals, Rs.3,000 or up to 0.50% of the loan amount whichever is higher, and other additional applicable taxes.

• Prepayment charges

Adjustable-Rate Home Loans (ARHL)	Adjustable-Rate Loans (ARHL):
	·        No prepayment charges will be payable on account of full/part payments for loans sanctioned to individual borrowers.
	·        For loans sanctioned to individual borrowers with the firm, company, etc. as a co-applicant. Prepayment charges at 2% plus taxes, as may be applicable from time to time, of the amount being prepaid, are payable.
	·        The customer will have to submit documents that Tata Capital Bank deems fit and proper to confirm the source of funds at the time of prepayment of the loan.
Fixed-Rate Home Loans (FRHL)	Fixed-Rate Loans (FRHL)
	·        No prepayment charges will be applicable for part/full payments made from own sources i.e., sources other than a bank/NBFC/HFC or financial institutions
	·        The customer should submit documents that Tata Capital Bank sees fit and proper to determine the source of funds.
	·        Prepayment charges will be 2% plus taxes and statutory levies and charges of the outstanding amounts being so prepaid through any financial institution or any bank and will be applied to all full/ partial prepayments.
Fixed and Variable Rate Loans (Combination rate)	Fixed and Variable Rate Loans (Combination rate)
	·        During the Fixed Rate period:
	·        The prepayment charges will be 2%, plus applicable taxes and statutory charges and levies of the outstanding amount being so prepaid through refinance from financial institutions or any banks, and will apply to all partial/full prepayments.
	·        The customer must submit documents that Tata Capital bank approves to confirm the source of funds at the time of prepayment of the loan.
	·        During the Variable Rate period:
	·        No prepayment charges will be applicable on account of full/partial prepayments for loan sanctioned to individual borrowers.
	·        For loans sanctioned to individual borrowers with the firm, company, etc. as co-applicants. Prepayment charges at 2% plus taxes and statutory charges, as may be applicable from time to time, of the amount being prepaid are payable.
	The prepayment charges mentioned will apply to the date of execution of the loan agreement. However, the charges are subject to change from time to time depending on the prevailing policies of the Himachal Pradesh Gramin Tata Capital bank plot loan.

• Conversion fees

Name of the service/product	Name of the charge/fee levied	When payable	Frequency
Switch to a lower rate in Variable Rate Loans (Housing/improvement/extension)	Conversion fees	On conversion	On every spread change
Switching to Variable Rate Loan from Fixed Rate Loan (Housing/improvement/extension)	Conversion fees	On conversion	Once
Switching from Trufixed Fixed Rate to Variable Rate Loan	Conversion fees	On conversion	Once
Switch to Lower Rate (Non-Housing Loans)	Conversion fees	On conversion	On every spread change
Switch to Lower Rate (Non-Housing Loans)	Conversion fees	On conversion	On every spread change

·        Cheque dishonor charges 

Rs.200

·        Fees on account of external opinion

The external opinion can be either from technical valuers or advocates and the fees can be paid directly to the concerned person depending on the kind of assistance rendered.

·        Property insurance: 

The customer should regularly pay the premium amounts directly to the insurance provider to keep the policy active during the loan tenure.

·        Incidental charges: 

Incidental charges and expenses are imposed to cover the charges, costs, and other expenses that may have been utilized to recover dues from a defaulting customer.

·        Statutory/regulatory charges

The customer will be solely responsible for all charges applicable on stamp duty/MOD/MOE/Central Registry of Securitization Asset Reconstruction and Security Interest of India

·        List of documents 

Up to Rs.500

·        Photocopy of documents 

Up to Rs.500

·        Increase/decrease in the loan term

Up to Rs.500 plus applicable loan term

·        Disbursement cheque cancellation charge post disbursement

Up to Rs.200

·        PDC swap

Up to Rs.200

How to apply for Tata Capital Bank plot loan With Dialabank

• For Tata Capital Bank Plot Loan, you can apply with Dialabank easily.
• You have to fill the form with all the required documents.
• For further details, the bank’s representative will call you if your application is approved.

 Additional tips to get Tata Capital Bank plot loan Easily

• A good loan history would be an advantage before applying for the loan.
• A good credit score would help in the easy approvals of the loan.
• Proper documentation is required at the time of approval. 

Documents Required to Apply for Tata Capital Bank plot loan

Income Proof:

Other Documents:

• Business Proof-like IT Returns for the last 2 years; Business Profile; Business Registration Certificate for the self-employed individuals.
• Loan account statements showing your reimbursement capability.
• The filled application form with photographs.
• Processing fee cheque from the borrower’s account (Salary account in the case of salaried borrowers or business account in the case of self-employed borrowers)

✅What is a Tata Capital Bank Plot Loan?

Tata Capital bank offers plot loans to both salaried and self-employed people if they have an Indian nationality,

✅What is a Tata Capital Bank Plot Loan?

Tata Capital bank offers plot loans to both salaried and self-employed people if they have an Indian nationality, Tata Capital bank plot loan can be used for buying any plot in India.

✅ How much processing fee is applicable to the Tata Capital Bank Plot loan?

0.50% of the loan amount is the processing fee charged by the Tata Capital bank

✅ What is the loan tenure of the Tata Capital Bank Plot loan?

 20 years is the loan time of the Tata Capital Bank.

✅ How much EMI per Lakh can be fixed on Tata Capital Bank Plot Loan?

EMI per Lakh for the Tata Capital Bank plot loan is ₹ 649 for 30 years.

✅ How can I avail plot loan from Tata Capital Bank?

Once you pass the eligibility criteria.

✅ How to Apply for a Tata Capital Bank Plot loan?

Please visit the Tata Capital Bank’s website to read the application procedure or you can just call at 9878981166.

✅ How to repay the Tata Capital Bank plot loan earlier than the schedule?

Visit the Tata Capital Bank’s website for knowing how to repay the loan before the schedule.

✅ Is it possible to repay my loan earlier than the schedule?

Yes.

✅ How to check Tata Capital Bank + Plot Loan eligibility?

Refer to the table mentioned above.

✅ What is the Tata Capital Bank Plot loan phone number?

You have to call at 9878981166.

✅ What is the Tata Capital Bank plot loan interest rate for women?

For women, the Tata Capital Bank plot loan rate of interest is 7.05% – 7.20%. 

✅ What is the Tata Capital Bank plot loan interest rates for salaried individuals?

Tata Capital Bank plot loan interest rate for Salaried Individuals – 7.10% – 7.20%.

✅ What is the Tata Capital Bank plot loan interest rates for self-employed individuals?

Tata Capital Bank plot loan interest rate for Self-Employed – 7.10% – 7.20%.

✅ What is Tata Capital Bank plot loan interest rates for self-employed non-professionals?

Tata Capital Bank plot loan interest rate for Self-Employed Non-Professionals – 7.10% – 7.20%.

✅ How is a plot loan different from a home loan?

• Tax benefits availability for Home loan owners but not for plot loan.
• Usually, the LTV in plot loans is less up to 70% and home loans are 90%.

✅ Can I take a plot loan along with a home loan?

No.

✅ What is the maximum amount that I can take as a loan?

The maximum loan amount is determined after checking your land documents.

✅ Can a plot loan finance investment in any plot, anywhere?

Yes.

✅ What is a Balance Transfer on Plot Loan?

Balance Transfer helps in lowering the EMIs by transferring your remaining loan to other financial institutions to one that offers a lower interest rate.

✅ Do I get any tax benefits on a plot loan?

No tax benefits.

✅ How many years can I keep the plot of land before starting construction?

3 years.