Business Loan Interest Rates And Charges

Processing Fee

Up to 2.75% of the loan amount + GST

Penal interest/Additional Interest

3% on Overdue Amount per month + GST

Miscellaneous Charges

Bounce Charges

₹ 2000 for every Cheque/ Payment Instrument Dishonour + GST

Mandate Rejection Service Charge

₹ 450 + GST

CCOD Annual Maintenance Charges

0.25% on Dropline Amount or ₹ 1000 whichever is higher per year will be deducted from the limit and shall be payable at the end of the 13th month 

Document Processing Charges

₹ 999 + GST

Outstation Collection Charges

₹ 100 + GST per repayment instrument

Statement of Accounts

Soft Copy – Nil

Branch walk in - ₹ 250 + GST

Foreclosure Charges

4.5% on the future principal outstanding on existing loan + GST

No Foreclosure is allowed in first 9 months

Foreclosure Charges for Top Up

2.25% on the future principal outstanding on existing loan + GST

Foreclosure charges shall be levied only if new rate is lower than existing rate.

Foreclosure Charges in CCOD Cases

4.5% on the Dropped down limit amount + GST

No Foreclosure is allowed in first 9 months.

Loan Cancellation Charges

2% of loan amount or ₹ 5750 whichever is higher + GST

Instrument Swap Charges

₹ 550 + GST

Duplicate Repayment Schedule

Soft copy - Nil

Branch walk in - ₹ 550 + GST

Duplicate NOC

₹ 550 + GST

Foreclosure Letter Charge

Soft copy – Nil

Branch walk in - ₹ 199 + GST

Post Dated Cheque Charges

₹ 850 + GST

Disclaimer

  • The fees/charges indicated above are subject to revision at Tata Capital’s discretion from time to time.
  • Customers who have taken a loan before 15th April 2019 need to refer to the loan agreement and schedule of charges for applicable rates.
  • For the definitions of the above charges, please refer to the Master Terms & Conditions sheet.
  • Soft copies of documents mentioned in the table above will be provided free of cost. For hard copies, please refer to the above table for the applicable fees & charges.

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EASY APPLICATION PROCESS
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