Charges on personal loans are as follows-

  1. Processing fee: This is a one-time, non-refundable fee, even if the loan is not approved. Tata Capital charges a nominal processing fee, which is up to 5.5% of the loan amount, plus GST.
  2. Penal interest/additional interest: Penal interest is levied on delayed EMI payments at a rate of 3% per month on the overdue amount.
  3. Bounce charge: ₹600
  4. Mandate rejection service charge: ₹450 + GST
  5. CCOD annual maintenance: 0.25% of reduced assigned limit OR ₹1000/- (whichever is higher)
  6. Outstation collection: ₹100 + GST
  7. Statement of accounts hard copy: ₹250 + GST. Downloading a statement of account on the portal is free of cost.
  8. Loan cancellation: 2% of the loan amount/ facility amount OR ₹5750/- (whichever is higher)
  9. Payment instrument swapping: ₹550 + GST
  10. Duplicate repayment schedule: ₹550 + GST
  11. Duplicate NOC: ₹550 + GST

Our loan disbursal feature is in partnership with Tata Capital. For any further queries, you can contact them at -