You can apply for a personal loan of Rs 25 Lakh if you meet the criteria set by Tata Capital, which includes your age, income, credit score, and employment status. For more information, check our website.
Category | Interest Rates and Charges |
---|---|
Payment Instrument Swapping Charges | Rs. 550 + GST per instance for swapping eMandate or post-dated cheques for EMI repayment |
Dishonour of any check/payment instruments | Rs. 600 for every cheque/payment instrument dishonour |
Duplicate NOC Charges | Rs. 550 + GST for issuing a duplicate No Objection Certificate (NOC) |
CCOD annual maintenance charges | CCOD Annual Maintenance Charges are fees for maintaining a Personal Loan Overdraft. Tata Capital charges 0.25% of the reduced limit or Rs. 1,000, whichever is higher, after 13 months. |
Collection charge | Charges will be ‘At Actuals’ |
Statement of accounts | Rs. 250 + GST for hard copy |
Loan cancellation charges | If you cancel your loan after disbursement, Tata Capital charges 2% of the loan amount or Rs. 5,750, whichever is higher. |
Part Payment Charges |
- Lock-in period of 12 months - Part prepayment allowed once per year, with a 6-month gap - Maximum of 50% of principal outstanding allowed per year - Charges of 4.5% on prepayments over 25% of principal outstanding (up to 50%) - No part payment allowed during the first 12 months - Minimum part prepayment amount should be ≥ 2 months EMI - Third-party cheques/payment instruments not allowed for part |
Foreclosure charges on term loan facility |
- The lock-in period is 12 months from the first disbursement. - The foreclosure charge is 4.5% of the principal outstanding at the time of foreclosure. - If the borrower forecloses after making a part prepayment, 4.5% will be charged on the outstanding principal plus the prepayment amount. - Any prepayment or foreclosure during the lock-in period will incur an additional 2% charge on the principal outstanding. |
Foreclosure charges for top-up |
- The lock-in period is 12 months from the first disbursement. - The foreclosure charge is 4.5% on the principal outstanding at the time of foreclosure. - 2.50% on the future principal outstanding on the existing loan. - Charges apply only if the new rate is lower than the existing rate. - Any prepayment or foreclosure during the lock-in period will incur a 4.5% charge on the principal outstanding. |
Foreclosure charges in CCOD cases |
- The lock-in period is 12 months from the first disbursement. - The foreclosure charge is 4.5% on the dropped-down limit amount. - Any prepayment or foreclosure during the lock-in period will incur an additional 2% over and above the prepayment charges mentioned above on the dropped-down limit. |
Foreclosure report | Rs. 199 + GST for hard copy |