Category Charges on Rs. 40,000 loan
Interest Rate % 11.99%* 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
CCOD 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.