Disclaimer: Capital India Home Loan is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Capital India Home Loan for home loans. No offers/services from Capital India Home Loan are being provided by Paisabazaar for home loans. For further information about Capital India Home Loan for home loans, users are required to reach out directly to Capital India Home Loan.
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Capital India Home Loan Highlights |
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| Interest Rate | 9.00%-26.00% p.a. |
| Loan Amount | As per the applicant’s profile |
| Loan Tenure | As per the applicant’s profile |
| Application Fees | Up to 4% of the loan amount |
Note: Rates as of 9 December 2024
Capital India Home Loan Interest Rates
Capital India Home Loan interest rates start from 9.00% p.a. onwards. The home loan interest rates vary on the type of interest rate (floating and fixed) and the applicant’s credit score, loan repayment structure, internal rating conducted by the lender, loan tenure, etc.
| Floating Interest Rates | 9.00% – 16.00% p.a. |
| Fixed Interest Rates | 11.00% – 26.00% p.a. |
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Compare Capital India Home Loan Interest Rates vs Other Lenders
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Check Eligibility |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| LIC Housing Finance | 8.50% - 11.25% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Check Eligibility |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Check Eligibility |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Check Eligibility |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Check Eligibility |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Check Eligibility |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Check Eligibility |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Check Eligibility |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Check Eligibility |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Check Eligibility |
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Capital India Home Loan Fees and Charges
Prepayment & Foreclosure Charges
| Particulars | Partial Prepayment (closure by own funds) | Foreclosure Charges |
| Floating rate schemes | No charges | No charges |
| Fixed rate schemes | No charges | No charges on closure by own funds |
| 5% on closure by Balance Transfer |
Application Fees & Other Charges
| Particulars | Charges |
| Application Fees | Up to 4% of the loan amount |
| Statutory Charges | Rs 50 (for loans up to Rs 5 lakhs) |
| Rs 100 (for loans above Rs 5 lakhs) | |
| Delayed Payment Charges | 24% p.a. on the instalment due |
| Overdue/Late Payment Charges | 24.00% p.a. over and above prevailing interest rate |
| Rate Switch/Conversion Charges – Floating to Fixed or vice versa) | Up to 5% on the outstanding principal |
| Cheque Dishonor Charges | Rs. 500 for every cheque dishonor |
| Loan Agreement & Document Retrieval Charges | Rs 2,000 per request |
| Swapping Charges (NACH/ECS to PDC) | Rs. 1,000 |
| Loan Cancellation Charges | Rs 10,000 per contact |
| Additional Processing Fees for Credit Life & General Insurance | Up to Rs 2,000 |
| Foreclosure Letter | Rs. 500 |
| Re-sanction Fees | Up to Rs 2,500 |
| Account Statement | Rs 500 |
| Legal Charges | As per actuals |
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Types of Capital India Home Loan
Home Loans
Purpose: Prospective borrowers can avail Capital India Home Loan to purchase ready to move in, under construction or resale properties.
LTV Ratio: Up to 90% of the property cost (including land value)
Home Improvement Loans
Purpose: Existing homeowners can take Home Improvement Loans from Capital India for meeting repair, renovation of a home including exterior & interior work (such as flooring, roofing, plumbing, air conditioning) and upgrade requirements. Applicants should note that the construction period is allowed for up to 18 months.
LTV Ratio: Up to 75% of the cost of extensions or repairs
Loan Amount & Tenure: Depends on applicant’s personal repayment capacity and regulatory caps
Home Extension Loans
Purpose: Capital India also offers Home Extension Loans to applicants planning for additional construction on their existing property. This can include creating more space in a home, building a room on the terrace, creating another floor, gifting a family a larger kitchen, etc.
LTV Ratio: Up to 90% of the cost of home extension
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Home Loan Balance Transfer & Top Up
Purpose: Capital Home Loans provide Home Loan Balance Transfer facility with top-up on existing to exiting home loan borrowers of other lenders.
LTV Ratio: Up to 90% of the property value
NRI Home Loans
Purpose: NRI home loans facility is offered to Non-Resident salaried Indians planning to own a property or plot in India.
LTV Ratio: Up to 90% of the property value (including land value)
Eligibility Criteria for Capital India Home Loan
For Home Loans, Home Improvement Loans, Home Extension Loans, Home Loan Balance Transfer
Capital India Home Loans consider applicant’s income, stability, age, prior credit history and continuity of occupation. Further, the HFC also considers the value of the property for determining applicant’s eligibility for home loans. Stated below are the applicants who can apply for home loans:
- Salaried individuals
- Self-employed applicants
- Professionals
- Non-individuals (corporations)
For NRI Home Loan
The eligibility for an NRI home loan applicant is determined in the same way as it is for resident Indians, with a special emphasis on the following criteria:
- Minimum Age: Above 24 years of age
- Income should be in the form of salary
- Holding a valid Indian passport
- Persons of Indian Origin (PIO) holding a foreign passport
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Documents Required for Capital India Home Loan
Home loan documentation for salaried applicants
- Application form with photograph
- Age proof – PAN card/passport
- Residence proof – Passport/Driving license/Telephone bill/Ration card/Voter ID/ Aadhaar card
- Last 2 years Form 16
- Education qualifications – certificate
- Salary statements of last 3 months
- Bank statement (salary account) of last 6 months
Home loan documentation for self-employed/professionals
- Application form including photograph
- PAN card/passport for age proof
- Education qualifications – certificate
- Certificate & business profile and proof of existence
- Residential proof – Passport/ Aadhaar card/Telephone bill/Ration card/Driving license/Voter ID
- Income Tax Returns (self and business) of last 3 years with P&L account & Balance Sheet duly certified or audited by a Chartered Accountant
- Last 12 months bank account statements (self & business)
Documentation for Home Loan Balance Transfer
- Know Your Customer (KYC) related documents
- Home loan property documents
- Repayment track of existing home loan
- Foreclosure letter (Balance outstanding letter)
- Property documents submitted to the existing lender