[Resolved] Tata Capital — cheating to customer regarding | |||||
I took PL in 2016, when i am planning to preclose it, 4.5 % of processing is charge which was not mentioned in the Loan doc which was shared to me . It was said that there was not be any part closure charges however now i am not allowed to make a part payment of loan. Policy which is written on TATA capital site is as below . Part Prepayment Charges: Part payment permissible only after 6 month of seasoning A maximum of 25% of the principle outstanding (without any charges) is permissible within 6 months. A fee of 2% (of the amount paid) + GST is applicable beyond that period. Maximum part payment permissible (with charges ) will be 50% of the principle outstanding. The policy mentioned to me in mail by tata capital rep. is as below . with that you can not do part payment without paying them huge amount in form of charges . ? Part payment cannot be done within 6 months of the loan start date. ? Only 1 part payment allowed in an annual cycle of the contract. (An annual cycle starts from the disbursal date. So if loan is disbursed on 24th Dec’15, the annual cycle will end on 23rd Dec each year.) ? Difference between two part payments has to be minimum 6 months (180 days). ? Part payment is allowed only in the multiple of the monthly EMI amount. (e.g.:- if EMI is Rs.10000, customer can pay in multiple of 10000.) ? Minimum part payment to be made is two EMI’s. ? Max limit of part payment is up to 25% (of the principle outstanding) without any charges. ? More than 25% of part payment will attract Fee of 2% (of additional amount paid) + GST. ? Max Upper limit of part payment is 50% of the Principle Outstanding. ? Impact of Part Payment will be on tenure, EMI will remain the same. ? Minimum 6 EMI to be paid after part payment. For full foreclosure. ? Part payment can be done at Branch only, No online payment option is available. Was this information helpful? | |||||
Jul 7, 2018 Complaint marked as Resolved Nothing has been done. The complain is not yet resolved., they have removed my access to get the complain number which I have raised on Tata capital loan account portal, with that complain number I might escalate to upper level. Tata capital is worst NBFC, if I being educated is made foolish by this company, you may think how this company would be making fraud to others. TATA Capital customer support has been notified about the posted complaint. Verified Support May 08, 2018 TATA Capital Customer Care's response We regret the inconvenience caused. Request you to kindly share your contact details for our team to get in touch and assist you with your query.
Verified Support May 11, 2018 TATA Capital Customer Care's response Dear Sir, Request you to share your contact details or your loan account number for our team to assist with your query better. Thank You.
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Loan number/acc number is : 5992613
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