How will the loan get adjusted if I return a product?

Once you return the product, the Croma store will raise a request for cancellation, and Tata Capital will initiate the process of cancellation of loan.  Your loan will be nullified within 10 working days. However, if your EMI is due within 7 days of initiating cancellation, then Tata Capital will process the EMI as usual and then refund the amount within 7 working days. You will receive the EMI amount paid, if any, to your bank account. Processing fee and advance EMI paid, if any, will also be refunded to the same payment mode. To simplify it: If you return the product on 28th of the month and the EMI date is 3rd of the next month, EMI will get deducted in this case. The debited amount will be refunded by 12th of the month.