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Tata Capital Business Loan
With structured Business Loan EMI options and extended loan terms from TATA Capital, you can effectively manage the cash flow of your business.
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Tata Capital Business Loan
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Tata Capital Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 18 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,168 |
| Total Interest | ₹ 10,016 |
| Loan Amount + Interest | ₹ 110,016 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 56,154 | ₹ 8,022 | ₹ 64,176 | ₹ 43,846 | 56.15 % | |||||||||||||||||||||||||||||||||||||||||||
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| ₹ 43,848 | ₹ 1,992 | ₹ 45,840 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||
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About Tata Capital Business Loan
A business loan has become very important if you want to grow your business financially. You can use a business loan, an unsecured credit, to cover the urgent needs of your expanding company. With the help of business loans, you can bring in money for your company to extend your current activities, increase production, go online, purchase new equipment, and more. The quick infusion of cash through business finance enables you to make necessary purchases and payments on time ensuring smooth business functioning.
Whether it is a new store launch or you want to equip your workplace with the newest technology, Tata Capital's efficient business loans will help you pay for your expenses. Their diverse business loan options are ideally meant to meet your unique needs in light of the volatility that 2022 has left in several industries. With structured Business Loan EMI options and extended loan terms, you can effectively manage the cash flow of your business.
So, it's your time to secure Business Loans from Tata Capital for upto 75 lakh. Furthermore, because they don't make you wait in line or make you stressed with unnecessary paperwork, you can apply for online business loans that are processed quickly. Let’s have a more detailed discussion on the same.
Work Process
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
Types of Business Loan provided by Tata Capital
Tata Capital has a Business Loan to cater all your needs. Listed below are the schemes that fall under the Business Loan provided by Tata Capital:
Business Loan for Women
Are you a self-reliant businesswoman and want to boost your working capital and scale business operations? Its your time to achieve great heights by availing of a business loan for Women by Tata Capital.
MSME/SME Loans
Your short and long-term business requirements need a steady cash flow if you are a small or medium-sized enterprise. Avail of an MSME/SME loan from Tata Capital and give you business the much needed push.
Machinery Loan
First-rate machine infrastructure and the latest technology is the need of every business. You can easily get a Machinery Loan from Tata Capital to equip your business with the latest machinery in the market.
Working Capital Loan
Every business, whether big or small, needs a healthy cash flow to maintain lean operations. Now you can easily avoid financial hassles by getting a working capital loan from Tata Capital.
Some Miscallenous Charges applicable:
|
Bounce Charges |
₹ 2000 for every Cheque/ Payment Instrument Dishonour + GST |
|
Mandate Rejection Service Charge |
₹ 450 + GST Charges will be applicable on your Business Loan EMI Due date in case the account does not have an Active mandate after the exhaustion of the given post-dated cheques. This charge would be applied every month until there is an Active Mandate linked to the account |
|
CCOD Annual Maintenance Charges |
First Year: 0.75% or 1000 whichever is higher per year will be deducted from the limit and shall be payable at the end of the 13th month Subsequent Years: 0.50% or 1000 whichever is higher per year will be deducted from the limit and shall be payable at the end of the 13th month |
|
Document Processing Charges |
₹ 1,999 + GST |
|
Outstation Collection Charges |
₹ 100 + GST per repayment instrument |
|
Statement of Accounts Foreclosure Charges |
Soft Copy – Nil Branch walk in - ₹ 250 + GST 4.5% on the future principal outstanding on existing loan+ Applicable taxes No Foreclosure is allowed in first 9 months. 6.5% charges if foreclosed within 9 months |
|
Foreclosure Charges for Top Up |
2.25% on the future principal outstanding on existing loan + GST Foreclosure charges shall be levied only if new rate is lower than existing rate |
|
Foreclosure Charges in CCOD Cases |
4.5% on the Dropped down limit amount + Applicable taxes No Foreclosure is allowed in first 9 months. 6.5% charges if foreclosed within 9 months |
|
Loan Cancellation Charges |
2% of loan amount or ₹ 5750 whichever is higher + GST |
|
Instrument Swap Charges |
₹ 550 + GST |
|
Duplicate Repayment Schedule |
Soft copy - Nil Branch walk in - ₹ 550 + GST |
|
Duplicate NOC |
₹ 550 + GST |
|
Foreclosure Letter Charge |
Soft copy – Nil Branch walk in - ₹ 199 + GST |
|
Post Dated Cheque Charges |
₹ 850 + GST |
Interest rates & charges
Business loan interest rates are the proportion of the loan amount a lender charges as interest to the borrower. Typically, the rate is stated as an annual percentage, and the interest rate for business loans is based on the principal sum.
|
Customer Profile |
ROI% |
Processing charges |
|
Self Employed Non Professional |
16.50 Onwards |
2.00% Onwards |
|
Self Employed Doctors & Professionals |
13.50 Onwards |
1.50% Onwards |
Documents and Eligibility Required for Tata Capital 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. smoother:
Eligibility
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Age should be between 25 to 65 years
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CIBIL score must be 700 or more
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Candidate should own a business at least profitable for three successive financial years
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The business turnover must display an upward trend
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Your balance sheet be audited by a registered Chartered Accountant (CA)
Documents Required
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Last six months’ company bank statements
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Last two years Income Tax Returns
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Last two years balance sheet and Profit & Loss accounts
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KYC documents of the company
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KYC documents of the business owners
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A report with detailed information about how the candidate will utilise the Business Loan
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Photo identity proof (Aadhar card/ Driving license/ Voter ID/ Passport)
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Bank statements
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Business proof
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.
A 4.5% on the future principal outstanding on the existing loan+ Applicable taxes are charged. Also, no Foreclosure is allowed in the first 9 months. 6.5% charges if foreclosed within 9 months.
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