Tata Capital Business Loan

Tata Capital Business Loan is one of the popular loans for aspiring entrepreneurs. You can get the loan at competitive interest rates. Loan amount as high as Rs. 75 Lakhs and flexible repayment tenure of u can help you expand your business horizons. Read on to know more about Tata Capital Business Loan. 

Here’s a table showing the interest rates and processing fees associated with Tata Capital Business Loans: 

Here’s a table showing the various other charges associated with Tata Capital Business Loans:

Disclaimer: These fees and charges are subject to change at the lender’s discretion. 

Here are all the documents that you would need to get started with your Tata Capital Business Loan: 

• Photo Identity Proof 

Business loan application along with passport-sized photos and government issued identity proofs such as Aadhaar Card, driving licence or voter ID. 

• Business Proof

Proof of ownership must be furnished, this can include Establishment Certificate, Trade License or Sales Tax Certificate and a copy of the Partnership Deed or Sole Proprietorship declaration. 

• Income Proof

ITRs and calculation for the past two years, balance sheet (audited by a registered CA), and Profit or Loss statement for the last two years.

• Bank Statements

A copy of the business’ official bank statements for the last six months

• KYC Documents

Copies of your Registration of Incorporation, PAN Card, and documents related to Articles and Memorandum of Association.

Here’s the eligibility criteria to avail the Tata Capital Business Loan: 

• You must be between the ages of 25 and 65

• You business must’ve been successful for the past three financial years 

• The turnover trends must show an upward growth

• The balance sheet must’ve been audited by a registered CA

Here are some of the features and benefits of the Tata Capital Business Loans: 

• Collateral-free Business Loans 

Tata Capital Business Loans are unsecured loans which means that they do not require collateral, simplifying the entire loan process. 

• Higher Loan Amounts Offered 

You can get a business loan of up to ₹75 Lakhs without furnishing any collateral. 

• Simple Repayments 

You can repay your loan through Electronic Clearing Service (ECS) or auto debit facility. 

• Minimal Documentation 

The application process is simple and only requires a few important documents such as identity proof, financial statements and ownership documents. 

Here are the different types of loans offered by Tata Capital: 

• Business Loan for Women

This loan is offered by Tata Capital to empower women by helping them get access to funds to grow their business. 

• MSME/SME Loans

The MSME and SME loans are offered by Tata Capital to help MSME and SME entrepreneurs take their business to new heights. 

• Machinery Loan

The machinery loan is especially extended towards entrepreneurs with manufacturing units to help them grow their business with new machinery. 

• Working Capital Loan

Businesses require working capital to function, business owners can take advantage of the working capital loan from Tata Capital to help them fund their working capital needs. 

Tata Capital offers two types of repayment options to choose from, here they are: 

• Fixed EMI

Under this scheme, your loan EMI will be fixed throughout your tenure. A Fixed EMI scheme may be ideal for you if you have a consistent source of income that is not expected to change drastically through the years. 

• Structured EMI

Under the Structured EMI scheme, you can customise your EMI repayments as per your repayment capabilities. This may be ideal for you if your income is expected to increase over the repayment period. 

Applying for the Tata Capital Business Loan is simple and straightforward, here’s how you can get started: 

• Start by visiting the Tata Capital Business Loan website

• Select your preferred loan amount and tenure 

• Submit your duly filled application

• After the verification process, your loan amount will be credited to your account 

Here’s a table showing business loan offerings from our partners to help you make an informed decision: 

Disclaimer: The interest rates and terms are subject to change at the lending partner’s discretion. 

Here are some factors that determine your business loan interest rates: 

• CIBIL Score 

CIBIL Score is a strong indicator of a borrower’s repayment patterns and financial discipline. A strong CIBIL score indicates that the borrower has consistently repaid their debts on time and has little to no history of defaulting. This makes the lender view the borrower as a low risk borrower and are likely to offer lower interest rates. 

• Company Tenure

Another crucial factor is the business’ tenure and repayment history. If the business has been around for a while and has no history of repayment defaulting, this would indicate that they are likely to pay their dues on time, which would subsequently increase the lender’s trust in the business and bring down the interest rates. 

• Annual Turnover 

Historically, if your business has a high turnover rate, then the lender is likely to offer you lower interest rates as you pose very little risk of defaulting. 

Here’s how you can contact Tata Capital’s customer care: 

• Phone Number: 1860 267 6060

• Email ID: contactus@tatacapital.com