A Personal Loan helps you address various personal finance needs conveniently. Major expenses often come up without warning, so don’t let them drain all your savings. Here are some common scenarios where you can take Personal Loans:
| Category | Charges |
|---|---|
| Interest Rate % | 11.50%* onwards |
| Default in Interest or Principal payments | 3% per month on defaulted amount (Annualized Penal Charge of 36%) |
| Dishonour of Payment Disbursements or Cheques | Rs. 600 for every Cheque/Payment Instrument Dishonour |
| Mandate Rejection Service Charge | Tata Capital charges a nominal amount of Rs. 450 + GST |
| Processing Fees | Up to 4% of the loan amount + GST |
| Hybrid Term Loan Annual Maintenance Charges | 0.25% of the reduced assigned limit OR Rs.1000/—(whichever is higher) shall be payable at the end of the 13th month. |
| Collection Charge | Charges will be ‘At Actuals’ |
| Statement of Accounts | You will be charged only if you ask for a hard copy in case of a branch walk-in at Rs. 250 + GST. Downloading a statement of account on the portal is free of cost. |
| Loan Cancellation Charges | 2% of the Loan Amount/ Facility amount OR Rs. 5750/- (whichever is higher) |
| Payment Instrument Swapping Charges | If you want to swap your eMandate or post-dated cheques from another account for EMI repayment purposes, you will be charged Rs. 550 + GST per instance. |
| Duplicate Repayment Schedule | For duplicate statements of the Repayment Schedule, charges are Rs. 550 + GST per instance |
| Duplicate NOC | Rs. 550 along with the GST. |
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