NE BUSINESS BUREAU
CHENNAI, JULY 1
Tata Capital Housing Finance Limited (TCHFL), the housing finance arm of Tata Capital Limited unveils an exclusive Home Loan scheme for the priority sector lending. Salaried and self-employed across urban and tier 2/3 cities can avail loans up to Rs 35 lakhs at 7.99 per cent, said a release.
Potential buyers who are looking at investing in homes can avail loans based on the property value and the category of cities and towns. The various home loan options available are as follows
| Program | Loan Slab | Property Cost (COP) | ROI | ||
| City Type 1 | City Type 2 | City Type 1 | City Type 2 | ||
| Normal Income Program (NIP) (Salaried / Self Employed) |
<= 35 Lakhs | <= 25 Lakhs | <= 45 Lakhs | <= 30 Lakhs | 7.99% |
** City Type 1 includes locations with population >= 10 Lakhs and City Type 2 includes locations with population <10 lakhs
Speaking on the new product, Anil Kaul, Managing Director of Tata Capital Housing Finance said, “Our new Home loan offer is aimed to boost the affordable housing segment. The new loan slabs and attractive rate of interest will encourage potential buyers to invest in a home of their own. We look forward to enabling our customers to access the new scheme with an easy and seamless EMI plan across India.”
Customers can log on to www.tatacapital.com to assess their eligibility for TCHFL’s latest home loan offering, the release added.
