Yes, you can avail a personal loan of ₹8 lakh if you meet the criteria set by Tata Capital, including factors like age, income, credit score, and employment status. For more information, visit our website.
Types of interest rate/charges | Charges |
---|---|
Processing Fees | Up to 4% of the loan amount + GST |
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 |