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Rates & Charges
Overview Required Documents Rates & Charges Calculator EMI Options

Rural Individual Loan Interest Rates

RIL interest rates are the proportion of the loan amount a financial institution charges as interest to the borrower. The rate is usually expressed as an annual percentage. For RIL, the interest rate is applicable on the principal amount.
Interest rate @: 25% to 27%

Rural Individual Loan Processing Fees

The processing fee is the amount charged on your Loan application as a one-time charge for the entire loan process. The processing fees usually comprise the charges required to review your Credit Bureau score, check for loan approval, and other administrative costs.

Processing Fee

2% + GST

    Penal Charges

    Penal Charges Low Income Individual Loan (LIIL) High Income Individual Loan (HIIL)

    Default in payment of interest and/ or principal amounts

    3% p.m. on defaulted amount.

    (Annualized Penal Charge of 36%)

    3% p.m. on defaulted amount.

    (Annualized Penal Charge of 36%)

    Charges for Dishonour of Payment Instrument/ Mandate

    Rs. 250 per instrument per instance

    Rs. 250 per instrument per instance

    Mandate Rejection Service Charges (Per instance)

    Rs. 250 (Charges will be levied if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by Borrower's bank for any reasons whatsoever.)

    Rs. 250 (Charges will be levied if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by Borrower's bank for any reasons whatsoever.)

Rural Individual Loan Other Charges

At Tata Capital, we offer competitive loan interest rates and levy nominal loan charges, including processing fees. You can use RIL EMI calculator to determine your EMI payments and make the repayment accordingly.
 

Sr No. Particulars Low Income Individual Loan (LIIL) High Income Individual Loan (HIIL)

1

Cancellation Charges

2% of loan amount/facility

2% of loan amount/facility

2

Payment Instrument Swapping Charges

Rs. 200

Rs. 200

3

Part Prepayment Condition & Charges


- 4% of loan amount (Request received with more than 6 EMIs pending)
- No charges (Request received with less than or equal to 6 EMIs pending)

Provided that the abovementioned Part Prepayment/Prepayment Charges shall not be applicable where the Borrower belongs to a household with income upto Rs. 3 Lakhs


- 4% of loan amount (Request received with more than 6 EMIs pending)
- No charges (Request received with less than or equal to 6 EMIs pending)

Provided that the abovementioned Part Prepayment/Prepayment Charges shall not be applicable where the Borrower belongs to a household with income upto Rs. 3 Lakhs

4

Foreclosure Charges (on Initial Facility)


- 4% of loan amount (Request received with more than 6 EMIs pending)
- No charges (Request received with less than or equal to 6 EMIs pending)

Provided that the abovementioned Foreclosure Charges (on Initial Facility) shall not be applicable where the Borrower belongs to a household with income upto Rs. 3 Lakhs.


- 4% of loan amount (Request received with more than 6 EMIs pending)
- No charges (Request received with less than or equal to 6 EMIs pending)

Provided that the abovementioned Foreclosure Charges (on Initial Facility) shall not be applicable where the Borrower belongs to a household with income upto Rs. 3 Lakhs.

5

Foreclosure Charges (on Additional Facility)


- 4% of loan amount (Request received with more than 6 EMIs pending)
- No charges (Request received with less than or equal to 6 EMIs pending)

Provided that the abovementioned Foreclosure Charges (on Additional Facility) shall not be applicable where the Borrower belongs to a household with income upto Rs. 3 Lakhs.


- 4% of loan amount (Request received with more than 6 EMIs pending)
- No charges (Request received with less than or equal to 6 EMIs pending)

Provided that the abovementioned Foreclosure Charges (on Additional Facility) shall not be applicable where the Borrower belongs to a household with income upto Rs. 3 Lakhs.

6

Stamp Duty

As per respective State charges applicable

As per respective State charges applicable

7

Legal Charges

At Actuals

At Actuals

Note: GST, other government taxes and levies as applicable, will be payable on all fees and charges

Disclaimer

  • The fees/charges indicated above are subject to revision at Tata Capital’s discretion from time to time.
  • For the definitions of the above charges, please refer to the Master Terms & Conditions sheet.
  • Soft copies of documents mentioned in the table above will be provided free of cost. For hard copies, please refer to the above table for the applicable fees & charges.*
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