Tata Capital Business Loan

Tata Capital offers collateral-free business loans which you can avail to start or revamp your business, purchase new machinery, launch a new store, etc. The interest rate on the business loans start from 19% p.a. and you can avail loans ranging between Rs.5 lakh and Rs.75 lakh. You can pay the loan in flexible repayment tenures ranging from 12 months to 36 months.

Charges Associated with Tata Capital Business Loan

Eligibility Criteria to Avail a Business Loan from Tata Capital

To avail a business loan from Tata Capital, you need to fulfil the below-given criteria:

• You should be aged between 25 years and 65 years.
• Your business should have made profit in the last three financial years.
• The turnover of your business should show an upward trend.
• The balance sheet of your business should be audited by a registered Chartered Accountant (CA).

Documents Required to Avail a Tata Capital Business Loan

While applying for a business loan from Tata Capital, you will be expected to furnish the following documents:

EMI Options Offered on Tata Capital Business Loan

When you avail a business loan from Tata Capital, you can choose between two equated monthly instalment (EMI) options:

• Fixed EMI – Under this option the principal amount and the interest offered remains fixed throughout the loan tenure chosen by you. You can choose this option if you have a steady income.
• Structured EMI - Under this option, you can choose a repayment method which is the most convenient for you. You will have the option of customising your EMI options as per your financial requirements. This option is suitable if you are sure that your income is likely to increase on a regular basis.

Why Avail a Business Loan from Tata Capital?

• No collateral required to avail the loan.
• The loans can be customised to meet specific business needs.
• Offers structured EMI option.
• Higher loan amounts can be availed.
• Loans can be repaid through Electronic Clearing Service (ECS) or auto debit facility.
• The interest rates are affordable and competitive.
• The documentation required is minimal.

FAQs on Tata Capital Business Loan

1. How do I avail a business loan from Tata Capital?

   Ans: There are 3 ways by which you can apply for a business loan from Tata Capital. The first way is the online method wherein you need to visit the official website of Tata Capital, fill up a form, and upload the necessary documents. In the second method, you can visit the nearest branch of the Tata Capital and apply for the business loan. The third method will require you to call the customer care of Tata Capital at the toll-free number 1800-209-6060. The helpline is available from 9:00 a.m. to 8:00 p.m. Monday to Saturday

2. What is the EMI amount I need to pay towards my business loan?

   Ans: The EMI amount that you need to pay towards your Tata Capital business loan will depend on the amount of loan you avail, the tenure you choose, and the interest rate. You can calculate the EMI amount by using the EMI Calculator Tool on the BankBazaar website.

3. Is the interest rate on my Tata Capital business loan floating or fixed?

   Ans: The interest rate on the business loan from Tata Capital is fixed which means there will be no change in the EMI throughout the loan tenure.

4. What are the ways to repay my business loan availed from Tata Capital?

   Ans: Business loans availed from Tata Capital can be repaid through direct debit, post-dated cheques, and ECS.

5. I have a nursing home. Am I eligible to get a business loan from Tata Capital?

   Ans: Yes, you are eligible to get a business loan from Tata Capital if you own a hospital, nursing home, pathological lab, diagnostic center, etc. The other customer segments eligible for business loans are partnership firms, sole proprietorship, societies, trusts, private limited companies, etc.