Finally, decided to become a homeowner? That is great! However, now you need to look for a reliable lender that offers good home loan products. Do not fret! Apply for your home loan with India’s leading lending institution – Tata Capital. Find out why.
Benefits of Applying for a Home Loan
Apply for a home loan, own a home, and enjoy the following benefits –
- Capital Appreciation
A property’s value appreciates over time. By applying for a home loan early on, you can enjoy the benefits of significant capital appreciation by the time of loan maturity. Indeed, a home is a highly valuable asset.
- No Hassles of Renting
It won’t be wrong to say that a rented house will be just that; it can never give the sense of a home. This is because renting comes with a lot of restrictions imposed by the house’s landlord. You can forget about remodelling, personalising your space, and living exactly the way you want.
On the other hand, if you apply for a home loan and work hard to pay it off, you will have an asset at the end of it all that you can use the way you want.
- Tax Benefits
To encourage more and more citizens to invest in a home by applying for a home loan, the Indian Government offers tax deductions on both the principal loan amount and the home loan interest paid. An individual is eligible to claim a tax deduction of up to Rs. 1.5 lakhs as per Section 80C of the Income Tax Act. However, such deductions are only available after the construction of the home has been finished.
Benefits of Taking a Home Loan from Tata Capital
Tata Capital home loans offer the following benefits –
- Wide Range of Home Loans
Tata Capital offers you a wide variety of home loan options. What this means is you do not need to limit yourself to purchasing a home using their home loans. You can apply for a home loan to buy a plot of land, to extend or renovate your existing home, and to make your home more eco-friendly. Moreover, you also have the choice to apply for a top-up loan over and above your current home loan or a balance transfer of your existing home loan from some other lender.
- Attractive Home Loan Interest Rates
The home loan interest rates charged by Tata Capital are one of the lowest in the industry, starting at just 9.25%! This means you will automatically have to pay lower EMIs on your home loan, making it easier for you to repay it. Make sure that you have a good Credit Score to enjoy low home loan interest rates.
- Highest Home Loan Eligibility
Tata Capital’s home loan eligibility criteria are simple and straightforward. You can apply for a home loan amount ranging from Rs. 2 lakhs to Rs. 5 crores for a tenure of up to 30 years depending upon your eligibility.
To find out your eligibility, use an easy, online tool such as a home loan eligibility calculator.
- Easy Repayment Options
With Tata Capital, you can choose your home loan EMI option – standard or Flexi. You can either choose to pay an equal amount each month, or you can pay lower home loan EMIs initially and gradually pay more as your income increases.
A home loan calculator such as the home loan EMI calculator can help you find out your monthly EMIs in advance.
Another benefit is that applying for a home loan with Tata Capital is absolutely easy! The entire process can be finished online without lengthy paperwork or time-consuming trips to a local branch.