Type of Fee Applicable Charges
Foreclosure charges/Part Payment on Term Loan Facility

These charges are applied if you choose to repay your entire/part of the loan before the end of your loan tenure. 

 

Within 12 months of the date of first disbursement - 6%  on the principal outstanding

 

After 12 months from the date of first disbursement - 5% on the principal outstanding amount
Statement of Accounts charges

This is a charge applied for providing a physical copy of the Statement of Account – a statement having a list of all transactions made in your loan account during a given period.

 

Customer portal – Nil

Branch walk-in – Rs. 250
Loan Cancellation Charges

This is a charge applied if you request loan cancellation after the cooling-off period.

 

Rs. 6500/-
Duplicate NOC Charges

This is a charge applied for issuing a duplicate No Objection Certificate (NOC) when the original is lost or misplaced.

 

Rs. 300
Stamp Duty

This is a government-mandated fee required for legally registering your loan agreement.

At actuals
Broken Period Interest

This interest is charged for the period between the loan disbursal date and the first EMI due date. 

 

At Actuals
NACH / PDC Charges

This is the processing fee for setting up or handling National Automated Clearing House (NACH) mandates or Post-Dated Cheques (PDCs) for EMI payments.

 

Rs. 500/-
Documentation Charge

This fee is collected for processing and verifying loan-related documents. 

 

Up to Rs. 1999
NOC for conversion of private to commercial registration

This charge is for issuing an NOC when converting vehicle registration from private to commercial.

 

Rs. 1999 + GST
Charges for Repossession of Vehicle

This cost is incurred by the lender for recovering the vehicle in case of loan default.

 

Rs. 22000/-
PDD Charges

This charge is applied for managing the Registration Certificate (RC), including document storage, administrative handling, and record management.

At Tata Capital, you are charged Rs. 450
Charges for delay in RC hypothecation

This is a penalty for failing to update the Registration Certificate with hypothecation details within the deadline.

 

Rs. 1000/- per month till the time of registration/noting with the authority, where RC hypothecation is pending beyond 120 days post-disbursement.