Part payment chargesThese charges are levied in case you want to pre-pay part of your outstanding loan amount. While applicants can’t pre-pay their loan during the lock-in period (12 months from loan disbursement), they can do so after. However, only 25% of the principal outstanding is accepted as part prepayment during the entire tenure of the loan.Penal interestIn case of default on repayment of the loan, 3% on the overdue amount per month and GST is charged as penal interest.Foreclosure chargesIf applicants decide to foreclose their loan within the lock-in period, they are liable to pay the lock-in period charges, 4% of the outstanding principal amount and GST. Once the lock-in period passes, the foreclosure charges are 4% of the outstanding principal amount and GST.Miscellaneous chargesThese include bounce charges, mandate rejection charges, legal and technical charges etc.At Tata Capital, we believe in providing complete transparency when disclosing our fees and charges. The final loan document will give you all the transactional details of the fees charged on your loan against your property.