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  • Processing Fees:

Upon applying for a loan against property, you will be charged a non-refundable processing fee, which will vary depending on the particulars of your loan.

  • Foreclosure Charges

RATE DESCRIPTION PARTY TO THE AGREEMENT FORECLOSURE WITHIN LOCK-IN PERIOD FORECLOSURE AFTER LOCK-IN PERIOD PARTIAL PREPAYMENT CHARGES
FLOATING RATE SCHEME ALL INDIVIDUALS NO CHARGES NO CHARGES
    FORECLOSURE WITHIN LOCK-IN PERIOD FORECLOSURE AFTER LOCK-IN PERIOD  
FLOATING RATE SCHEME EVEN 1 NON INDIVIDUAL 4% + Lock-in Period charges + TAXES 4% + TAXES 4% ON PREPAID AMOUNT OVER 25% OF PRINCIPAL O/S
FIXED RATE SCHEME INDIVIDUALS/ NON INDIVIDUALS 4% + Lock-in Period charges + TAXES 4% + TAXES 4% ON PREPAID AMOUNT OVER 25% OF PRINCIPAL O/S
  • Foreclosure Charges will be levied on the Principal Outstanding and all part payments, if any, made within immediate preceding 12 months of such foreclosure
  • In case of Semi-Fixed Loans (fixed for initial period and then floating), the Foreclosure & Pre-payment norms for floating rate loans would be applicable on loan being converted into floating rate
  • Lock-in Period: 9 months from the date of first disbursement. Lock in Period charges would be Prevailing ROI x Principal Outstanding as on date of Foreclosure x Balance Lock-in Period
  • Prepayment Charges

A maximum of 25% of the principal outstanding is allowed by way of part prepayment during a single year with payments being made in maximum 2 tranches without any prepayment charges. This is subject to the prepayment policy of the Company as may be applicable from time to time.

  • Cancellation Charges

Upon cancellation for a loan against property, you will be charged a cancellation fee of Rs. 25000 + GST.

  • Documentation handling & retrieval Charges:

Rs. 2,500/- + GST

 

 

 

 

 

Important Information

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.

Click here to read the advisory