Tata Capital Limited was founded in the year 2007 with the objective of offering transparent and focused financial solutions for helping customers realize their dreams and ambitions. It is a subsidiary of the iconic Tata Sons Limited. Tata Capital Financial Services Limited was born out of this endeavor to be a one stop financial service provider catering to diverse needs of institutional, corporate and retail customers across businesses.
About TATA Bank
The organization is registered with the Reserve Bank of India as a non banking financial corporation and has 100 branches already with several others in the pipeline.
The portfolio of Tata Capital services encompasses infrastructure financing, commercial financing, consumer loans, wealth management and marketing and distribution of Tata Cards. The organization is supremely focused on its motto, We only do what’s right for you. The company is synonymous with integrity and trust in the manner of its parent organization. The company strives to leverage the expertise and trust of the Tata Group in case of financial services. The company wishes to cultivate long lasting relationships with its customers along with delivering superior experiences at all times. Core values include integrity, reliability, transparency, trust and customer satisfaction above all else. The commercial finance portfolio helps small, medium and large businesses. The organization offers services related to asset financing, securities, investment banking, private equity, travel related services, foreign exchange and so on.
Tata Capital business loans
There are several business loans on offer to meet diverse organizational requirements. These include working capital loans, term loans, channel finance, lease rental discounting, equipment finance, letter of credit, bill discounting and bank guarantees. You can get business loans up to INR 50 lakhs without collaterals. There is the multiple loan programme available in addition to transparent Tata Capital interest rates.
Flexi-EMIs are also offered to customers as part of the business loan portfolio. All loans are usually approved within just 3 business days post submission of duly-filled loan applications and submission of all necessary documents. Overdrafts or temporary loans are also given to customers. There are special loans for MSMEs including MSME loans for women.
Tata Capital Home Loans
Customized home loans are given up to INR 10 crore depending on borrower requirements. Along with really competitive Tata Capital lending rates, flexi-EMIs are also offered to customers along with other conveniences. In case of residential properties loans between INR 2 lakhs and INR 3 crore can be availed with attractive floating interest rates. Loan tenures also range between 12 and 360 months on an average. Fixed interest rates are also applicable in case of certain loans and these merit pre-closure charges while there are no such charges for floating interest driven loans.
Home loans can be taken for purchasing a plot of land, house/apartment or resale property in addition to building a house, paying off an existing home loan from any other financial institution and also extending/remodeling one’s home. There is a special Prapti home loan which offers housing finance at only 4% for families with annual income of INR 6 lakhs and below. There are home extension cum improvement loans that you can take at competitive rates as well.
Tata Capital personal loan
Personal loans up to INR 15 lakhs can be taken with a maximum tenure of 6 years. These loans can cover several purposes including vacations, education of children, home renovation, weddings and more. There are step up and step down Flexi EMI features offered as part of these Tata Capital loan schemes. No collateral is required in case of full eligibility of the borrower.
Tata Capital loan against property
Loan against property is given between INR 5 lakhs and 5 crores. Loans can be repaid between 12 months and 180 months which is the maximum possible tenure. There are fixed and floating interest rate options and this scheme applies to pre owned commercial and residential properties in addition to alternate properties such as hotels, schools, residential plots, hospitals and industrial property.