Starting from 11.99%, the interest rate of Tata Capital Marriage Loan varies from individual to individual depending on the applicant’s credit score, loan amount, repayment capacity, age, etc.
Also Check: Interest rates of personal loans offered by other lenders
Fees and Other Charges
The following are some key fees and charges other than interest charges that are applicable to a marriage loan from Tata Capital:
| Type of Charge |
Applicable Charges* |
| Processing Fee |
Up to 2.75% of loan principal |
| Penal Interest/ Additional Interest |
3% on amount overdue for the month |
| Bounce Charge |
Rs. 600 for each payment instrument dishonour |
| Mandate Rejection Service Charge |
Rs. 450 |
| Outstation collection charges |
Rs. 100 per instance |
| Statement of accounts |
Soft Copy |
Free |
| Branch Walk-in |
Rs. 250 |
| Loan Cancellation Charges |
Higher among Rs. 5,750 or 2% of loan amount |
| Instrument Swap Charges |
Rs. 550 |
| Duplicate Repayment Schedule |
Soft Copy |
Free |
| Branch Walk- in |
Rs. 550 |
| Duplicate NOC (No Objection Certificate) |
Rs. 550 |
| Post-Dated Cheque Swap Charges |
Rs. 850 per instance |
| Foreclosure Charges |
Foreclosure charges |
4.5% of loan principal outstanding at the time of foreclosure. |
| Part- payment charges |
2.5% + applicable charges on amount over 25% of principal outstanding |
| Foreclosure Charges for Top-Up |
2.5% on the principal outstanding at the time of foreclosure. |
| Any part prepayment /foreclosure made during the lock-in period will require payment of part prepayment/foreclosure charges equal to 4.5% on the outstanding loan principal |
| Foreclosure Charges on Term Loan Facility |
4.5% on the principal outstanding at the time of foreclosure.In case the Borrower forecloses the term loan within 6 months after doing part prepayment, foreclosure charges of 4.5% will be levied on the principal loan amount outstanding plus part prepayment amount. |
| Foreclosure Letter Charges |
Soft Copy |
Free |
| Branch Walk- in |
Rs. 199 |
*Note: Taxes such as GST may be applicable to the above mentioned charges as per Government rules.
