Here are a few factors

Rating 4.6 /
Total - 368 ratings
5
246
4
97
3
20
2
4
1
1
Location 50Km from Branch
CIBIL Score 700+
Processing Online
Business Vintage 3 Year
Minimum Turnover 1 Cr-100 Cr
Loan Amount & Tenure 7.50 Lac-50 Lac
(12 month-48 month)
Loan Product Term Loan & OD Product
Rate of Interest & Type 17% to 20% (Reducing)
TAT Sanction-3 Days
Disbursement-7 Days
Processing Fees 2%
Foreclosure Charges 4%
Applicant Type Any Self Employed Person
Whether Co-Applicant Mandatory Yes, Lady Co-applicant is mandatory
Proprietor Age/Co-Applicant Age 25 Year- 65 Year(at the time of maturity)
Part Payment Allowed No
Whether Ownership Proof Required Either Office or Residence must be Own
Business Registration Proof Mandatory Yes
Program 1. GST Program-35 Lac
2. Banking Program-25 Lac
3. Income Program-50 Lac
4. COP base funding-50 Lac
Product for Professionals MBBS Doctor- COP base Funding (ROI 15.50%-17%) Chartered Accountant-COP base funding (ROI 15.50% to 17%)
Negative Profile Both SIde Rented, School, Advocates, Share Traders, Gym, Liquor Business, Real Estate,SPA
USP OD Limit Product
Additional 1. Minimum 51% Shareholding required on Loan if applicant is LLP/Partnership firm/Company
2. Grain Traders, Jewellers, Man Power Industry, Civil Contractors, Aviation Sector, Tour & Travel is catious profile

Documents required for Tata Capital Large Segment Business Loan

Business loan eligibility is based on basic terms like CIBIL score, age, business turnover, and more that candidates must fulfil to avail business finance

Let’s look into the eligibilities and required Documentation to make your application process even smoother:

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Note : Tata Capital Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.

Some Important Points

1. KYC Means
If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If applicant is professional, then his professional degree is required

About Tata Capital Large Segment Business Loan

Every business, regardless of size or kind, sometimes requires capital. A business loan is an unsecured credit line that might assist you in meeting the urgent financial needs of your developing organization. You may apply for a business loan to bring in the capital needed to develop your current business, increase manufacturing, purchase goods, and much more.

You can submit an application for a business loan of up to Rs. 75 lakh for business funding. You can apply for an online business loan from the comfort of your own office or place of residence. Tata Capital will not force you to rush here and there or overburden you with mountains of paperwork. You can also select an ideal repayment period for your business.

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Leave Your Question

FREQUENTLY ASKED QUESTIONS

Postdated checks, Electronic Clearance Service (ECS), and Direct Debit are all options for repayment of business loan provided by Tata Capital.

One should ideally have a CIBIL score of 700 or higher to be eligible for a business loan. Both self-employed professionals like doctors and engineers, as well as self-employed non-professionals like suppliers or manufacturers, can be said as independent contractors.

For business loans, the interest rate is fixed, and the Tata Capital firm decides this.

Yes, you can get a Business Loan without any collateral or security.

4% on the future principal outstanding on the existing loan+ Applicable taxes are charged. Also, no Foreclosure is allowed in the first 9 months.