The actual interest rate may vary based on factors like your credit score, income stability, and repayment capacity. Tata Capital provides you with a personalised offer after evaluating your application.
Category | Charges on ₹70,000 Personal Loan |
---|---|
Interest Rate % | 11.99%* onwards |
Default in Interest or Principal payments | 3% per month on the defaulted amount (Annualised penal charge of 36%) |
Dishonour of Payment Disbursements or Cheques | ₹600 for every cheque/payment instrument dishonour |
Mandate Rejection Service Charge | ₹450 + GST |
Processing Fees | Up to 4% of the loan amount + GST |
CCOD Annual Maintenance Charges | 0.25% of the reduced assigned limit OR ₹1,000 (whichever is higher) payable at the end of the 13th month |
Collection Charge | Charges will be ‘At Actuals’ |
Statement of Accounts | ₹250 + GST for a hard copy (branch walk-in). Free if downloaded from the online portal. |
Loan Cancellation Charges | 2% of the facility amount/loan amount OR ₹5,750 (whichever is higher) |
Payment Instrument Swapping Charges | ₹550 + GST per instance (for swapping eMandate or post-dated cheques) |
Duplicate Repayment Schedule | ₹550 + GST per instance |
Duplicate NOC | ₹550 + GST |