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Tata Capital Housing Finance launches ‘Prapti’ – A Home Loan scheme for low-cost housing

Tata Capital

In line with the government’s Pradhan Mantri Awas Yojna (PMAY) initiative,the scheme will offer subsidized home loans to low income groups 

New Delhi, August 1st, 2016: Tata Capital Housing Finance Limited (TCHFL), the wholly owned subsidiary of Tata Capital Limited, today announced the launch of ‘Prapti’– a Home Loan Scheme to cater to the low income segment in the affordable housing space.By providing home loans at subsidized interest rates from 4%, TCHFL will help individuals to realize their dream of buying their own home.

Key Highlights

  • Home Loans offered at subsidized rates starting from 4%
  • Low cost housing for Lower income group in the peripheries of Metros, Tier I cities as well as Tier II and Tier III cities as identified by the PMAY initiative
  • Prapti Home Loans will cater to the lower income & economically weaker segments as well as women and ST/SC loan seekers

Tata Capital’s ‘Prapti’ Home Loans scheme is a step towards the Government of India’s ‘Pradhan Mantr iAwas Yojana’ for providing affordable houses to the urban poor by the year 2022. The Scheme specifically caters to segments like the lower income group (LIG), economically weaker section (EWS) of society, Scheduled Caste (SC), Scheduled Tribe (ST) and women residing in the peripheries of Metros, Tier I cities as well as those living in Tier II and Tier III cities. The scheme is applicable for households with an income of upto Rs.6 lakh per annum.

Speaking on the occasion, Mr. Govind Sankaranarayanan, Chief Operating Officer – Retail Business & Housing Finance, Tata Capital said, “Housing Finance is an integral part of Tata Capital’s wide portfolio of Retail offerings. Tata Capital’s ‘Prapti’ Home Loan scheme is in line with our Government’s vision of ‘Housing for All by 2022’ and this product can reduce the effective cost of interest thereby expanding the opportunity of home ownership.”

Commenting on the launch of Prapti Home Loans, Mr. R. Vaithianathan, Managing Director, Tata Capital Housing Finance said, “Tata Capital Housing Finance has always recognized Affordable Housing Finance as a high growth area and to this effect, we have expanded our reach to the urban poor, smaller cities and semi-rural areas across the country. The ‘Prapti’ Home Loan scheme, with low interest rates and flexible loan repayment options will equip a larger base of the lower income segment to realize their dream of purchasing their own home. Our pan-India wide presence will help cater to the relevant customer segment in Tier II and Tier III cities across the country.”


Affordable housing segment is one of the high growth areas in the home loans business of Tata Capital and this initiative, coupled with flexible loan repayment options like step-up/step-down facilities will further help boost the low cost housing segment and strengthen Tata Capital’s market presence in this space.