Every loan comes with its own set of features that make it attractive for consumers, and the same applies to two-wheeler loans as well. Tata Capital has several features that make two-wheeler finance loans quite competitive in the market. Let's take a look at them in-depth now.
Type of fee | Applicable charges |
---|---|
Interest rate | Up to 35% per annum |
Processing fee | Up to 12.95% of the loan amount (inclusive of taxes) |
Documentation and hypothecation charges | Up to Rs. 2,500 (inclusive of taxes) |
Stamp duty | As per actuals |
Pre-payment charges |
|
Bounce charges | Rs. 531/- per bounce |
Penal charges | Rs. 6 per day per instalment |
Legal, repossession, and incidental charges | Rs. 3,540 (inclusive of taxes) |
Stockyard charges | Rs. 59 per day up to 60 days |
Fees for delay in RC hypothecation | Rs. 1,500 (inclusive of taxes) |