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Tata Capital Ltd’s housing finance subsidiary, Tata Capital Housing Finance Ltd, has announced a special home loan offer for women.
“This special scheme offers an interest rate of 10.15 per cent for loans up to ₹40 lakh obtained till Women’s Day, that is, March 8, 2014, the normal rate of interest being 10.50 per cent,” Tata Capital said in a statement.
The revised interest rates will be available from February 10.
According to Tata Capital, house buying has traditionally been the man’s domain. This offer aims to give women an extra impetus to buy a home either independently or jointly. To get the benefits of this offer, a woman applicant must have title to the property, ether single or jointly and be a primary applicant of the loan.
R. Vaithianathan, Managing Director of Tata Capital Housing Finance, said, “Women are an integral and important part of our society, and they have taken great strides in terms of being financially independent. Owning a home should no longer only be a man’s dream and our aim here is for women to have the financial empowerment to buy their dream home.”
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