Pay Your Loan
Tata Capitals provides you with competitive foreclosure and prepayment charges. Tata Capital offers convenient repayment options to its customers. Following are the foreclosure, prepayment charges and repayment options.
- Foreclosure & Prepayment
- Repayment Options
You can foreclose your consumer durable loan any time after the first EMI without any fine. For this, you or your representative (with an authority letter) would have to visit any of our branches.
No part prepayment allowed, No pre payment penalty.
Repaying, the easy way.
At Tata Capital, we offer convenient and flexible ways to repay your consumer durable loan.
You have the freedom to repay the loan through a period ranging from 6 months to 24 months.
Options of MI payment:
- Auto Debit /ECS Facility:
You can repay your loan through ECS or Auto Debit from your bank account. All you have to do is fill up a form and enable us to activate the bank mandate.
- PDC Facility:
You can also provide us with post-dated cheques**** towards the repayment. However, you may be charged a small fee for the same.
**** Cheque should be MICR or local clearing.
In case you wish to swap the cheques or bank mandate from which the repayment will be done, then you or your representative (with an authority letter) would have to visit the branch. Swapping charges would be applicable.
Consumer Durable Loans are originated and serviced by Tata Capital Financial Services Limited and are at its sole discretion.
Recently there have been cases of fraud being committed under the name of Tata Capital or Tata Finance. Customers are requested to read the attached advisory and be aware of misleading advertisements in the newspapers. Click here to read the advisory and be aware of misleading advertisements in the newspapers.