These charges are levied in case of an EMI bounce. In other words, these charges are levied when you miss a personal loan EMI payment due to inadequate funds in your bank account.
• EMI Bounce Charges for Tata Capital Financial Services Limited - Rs 600 Plus GST
• EMI Bounce Charges for IIFL Finance Limited - Rs 500 Plus GST.
For any further details regarding applicable charges please click on below links –
