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    Tata Capital Business Loan

    We found 1 Tata Capital Business Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.99% - 19.50% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews

    Tata Capital Business Loan is Rated as "Great!" by 2392 Users

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    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    Overview about TATA Capital Business Loan

    TATA Capital provides unsecured loans that are ideally aimed to provide financial aid towards business needs of self-employed professionals, business owners and even doctors. These loans can help out in the growth or urgent financial demands of any business. Coupled with Flexi EMIs, these loans can present a very good opportunity for business owners to avail financing that is affordable and easily payable.

    What is the usage of TATA Capital Business Loan?

    This unsecured loan is provided to self-employed individuals or entrepreneurs for the sake of furthering their business. Long repayment terms allow the loan to function as an effective working capital tool.

    Who is eligible for TATA Capital Business Loan?

    An unsecured business loan as this has a few eligibility criteria to be met in order for the financial institution to be able to sanction the loan. The eligibility requirements can be mentioned as follows –

    1. Applicants can be individuals, professionals, sole proprietorships, partnership firms and private limited companies (including closely-held public limited companies)
    2. Applicants should be at least 25 years of age when the loan is sanctioned and at most 65 years of age at the time of loan maturity
    3. The minimum turnover per financial year should be INR 40 lakhs in case of Proprietorship, Partnership Firm, Private Limited Companies, Limited Companies (closely held), Societies and Trusts. The income tax return should be INR 3 lakhs
    4. The minimum occupational stability for individuals and non-individuals is 3 years prior to the application of the loan and the business should be running in profit for as long

    What are the types of Financing under TATA Capital Business Loan?

    Business Loan from TATA Capital is a specific term loan with repayment period of up to 3 years.

    What are Flexi EMIs?

    Repayment options from TATA Capital allow one to manage one’s personal finance effectively by either scaling up or scaling down the payments to be made for the loan. These repayment options are termed as Flexi EMIs. There are three options available under Flexi EMIs, namely -

    1. Step Up Flexi EMI Plan - Suitable for people who want to close the loan quickly but not instantly can opt to pay increasing amounts of EMIs every month. That effectively reduces the principal component faster and thus accounts for lesser interest to be paid every month. If one sees better prospects for one’s business, they can opt for this plan to go hand in hand with their increased income capacity
    2. Step Down Flexi EMI Plan - Sometimes, larger initial payments cut out the major portion of principal that generates interest. In view of that, this option allows one to pay a large EMI at the onset of repayment and gradually reduces the EMI amount towards the close of the loan. This option can be chosen by people who have higher disposable monthly income
    3. Bullet Flexi EMI Plan - Businesses are subject to market conditions and that is precisely the reason why sometimes payments can be irregular. This option allows people to make periodic payments as comfortable to them and if possible allow for an occasional large repayment

    What are the loan limits under TATA Capital Business Loan?

    Based on the creditworthiness of the applicant and validity of documents, TATA Capital can provide loans from INR 3 lakhs up to INR 50 lakhs.

    What are the interest rates for TATA Capital Business Loan?

    Interest rates for a Business Loan could depend on the base lending rate and is based on the discretion of TATA Capital. Further changes to the rates could be done by TATA Capital as and when required.

    What are the fees and charges involved with TATA Capital Business Loans?

    The following will be the various charges that one would need to pay once a loan amount has been accepted.

    Charges Amount
    Post Dated Cheque Charges INR 850
    Cheque Bounce Charges per event INR 450
    Cancellation of Loan Higher INR 5750 or 2% of loan amount
    Duplicate NOC INR 550
    Swapping Charges (for payment mandate) INR 600
    Foreclosure Charges 4.5% of outstanding principal amount along with taxes
    Foreclosure Charges on top ups 2% of principal outstanding plus taxes
    Duplicate Repayment Schedule INR 550
    Legal action INR 3400
    Initiation of Arbitration Proceedings INR 4000
    Receiving Order from District Court INR 4000
    Receiving Order from High Court INR 13500
    Issue of each Legal Notice INR 125 to INR 300
    Award Execution INR 5600

    What is the documentation required during applying for TATA Business Loan?

    The standard list of required documents for applying for this loan are mentioned as follows –

    1. Photographs of each individual applicant and co-applicant, directors and promoters, in case of a company & Trusts, partners in case of a partnership firm or authorized person as applicable in case of societies
    2. IT Returns, Audited Profit and Loss Account statement and Balance Sheet for the last 2 years, six months bank statement of the primary current account, business proof, latest year provisional, sundry creditors and debtors list
    3. Know Your Customer (KYC) documents for the co-applicant.

    4. Partnership deed, Memorandum of Association (MOA) and Articles of Association (AOA) or License issued under the Shops and Establishments Act of the respective states for business proof.

    The above set of documents comprise the minimum required list. To aid in credit approval, TATA Capital might ask for extra documents if necessary.

    What are the Features of TATA Capital Business Loan?

    The Business Loan from TATA Capital is a good financing option for urgent financial needs on business grounds.

    Some key features of this specialised loan are as follows –

    1. Loan tenure or repayment period can be as high as 36 months
    2. Minimal documentation and faster approval
    3. No security or collateral required
    4. High loan amounts up to INR 50 lakhs
    5. Flexi EMI options that allow for better repayment

    How to apply for TATA Capital Business Loan?

    The loan can be applied for through TATA Capital’s website, as well as forms can be downloaded, filled and submitted along with relevant documents at a local branch. Additionally, one could call or mail TATA Capital requesting an executive assistance for application process.

    One can also apply for TATA Capital Business Loan through BankBazaar, wherein eligibility charts, EMI calculators and infographics can guide one through the application process.

    TATA Capital Business Loan FAQs

    1. What is the range of loan amount that is available?

      Based on the security offered or not, the loan amount may range from INR 3 lakhs to INR 50 lakhs. TATA Capital might allow a higher loan amount based on its discretion.

    2. What is tenure for loans through TATA Capital Business Loans?

      The loans can be taken for a minimum period of 12 months to a maximum period of 36 months.

    3. What kind of interest is offered?

      The interest rate on this loan is fixed.

    4. What mode of repayment is accepted for these loans?

      One can pay the EMIs through post-dated cheques, electronic clearance service or direct debit.

    5. What does one have to do for availing a TATA Capital Business Loan?

      One can call TATA Capital or email them. Alternatively, you can apply for a loan through BankBazaar.

    6. What is the eligibility criteria for this loan?

      Loans can be offered to individuals as well as companies and they should fall within the categories of -

      1. Sole Proprietorship
      2. Partnership Firm
      3. Private Limited Companies
      4. Closely held Public Limited Companies
      5. Societies
      6. Trusts
      7. Hospitals, Nursing Homes, Diagnostic Centres, Pathological Labs
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  • Tata Capital Business Loan Reviews

    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got the best interest rate with Tata capital. The TATA capital took around 4 days to disburse my personal loan. The response and the follow up was really good and prompt with TATA capital. Overall I can say it was very good service with TATA capital.
      Was this review helpful? 0
      , pune
      Reviewed on May 18, 2017
    • Tata capital Personal Loan
      "Wonderful "
      0.5 5.0/5 "Blown Away!"
      Rate of interest was okay for me and I would like to say its a best one for the personal loan in the current market. Totally it took around ten to twelve days of time to get the loan amount. Response is very proactive with the Tata capital limited.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 18, 2017
    • Tata capital Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      TATA Capital process was very good, whatever they have committed they done everything. Nothing is lacking with them, I have taken the amount Rs.2 lakhs with tenure of 48 months, with the interest rate of 12% it is a floating rate. They gave part payment and foreclosure option.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 18, 2017
    • Tata capital Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      TATA capital taken eight days to complete the entire process of loan, I have submitted normal documents they done the process and done the disbursement. But I have requested the amount of Rs.10 lakhs but they approved for Rs.5 lakhs. If its great TATA Capital gives proper response and timely service to the customer that would be great.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2017
    • Tata capital Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Tata Capital delivered very fast service for my personal loan. I never ever faced any kind of constrains with them during the process, actually the process went smooth. Moreover, I am quite ok with their interest rate. I received good response from them.
      Was this review helpful? 0
      , chennai
      Reviewed on May 17, 2017
    • Tata capital Personal Loan
      "Satisfactory service"
      0.5 4.0/5 "Great!"
      TATA CAPITAL processed my Personal loan on time and disbursed it within the promised period . The rate of interest is nominal comparatively. There is no customer support number or some contact point to clarify my queries . I would like to suggest to provide a contact number as well the online portal is not up to the mark, they can improvise in their portal .
      Was this review helpful? 0
      , new delhi
      Reviewed on May 17, 2017
    • Tata capital Personal Loan
      "Satisfied service"
      0.5 4.0/5 "Great!"
      In the beginning it was very good approach with TATA CAPITAL, but during the process it got delayed about 2 to 3 days. They took around 1 week to disburse my personal loan. The rate of interest is nominal with TATA CAPITAL. Other than that the process everything went smooth.
      Was this review helpful? 0
      , pune
      Reviewed on May 17, 2017
    • Tata capital Personal Loan
      "Excellent Customer Support"
      0.5 5.0/5 "Blown Away!"
      TATA Capital executive are pretty helpful they made sure, my loan should disbursed on time. I had taken the loan amount of Rs.1.5 lakhs for a tenure of four years. But I did not go through the entire loan process with respect to part payment or foreclosure.
      Was this review helpful? 0
      , pune
      Reviewed on May 16, 2017
    • Tata capital Personal Loan
      "Better Service"
      0.5 3.5/5 "Pretty good"
      MY personal loan had been preapproved with the help of online source. I had submitted my loan application with Tata capital. In the beginning I was informed that the interest rate would be 11.99% with zero processing fee but later on they increased the rate of interest up to 12.99 and the processing fee is 2500 rupees. There service is not up to the mark on interest rate otherwise their customer service is good.
      Was this review helpful? 0
      , pune
      Reviewed on May 16, 2017
    • Tata capital Personal Loan
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      I had taken my personal loan from Tata capital limited and they had done a very good job for me. They processed my details on time and also disbursed the loan as needed. The rate of interest was of 12.99% but in documentaion I have found 13.99% and the processing charges were also nil
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 15, 2017
    • Tata capital Personal Loan
      "Better experience"
      0.5 5.0/5 "Blown Away!"
      Actually Tata capital has promised me some interest rate, in the final agreement it was higher than what they have promised which was unsatisfied. They have done the process within the promised time.The response and the follow up was very well with TATA capital. Overall the service is good with Tata capital.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on May 15, 2017
    • Tata capital Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I had applied for a personal loan with TATA CAPITAL. Their documentation process is not up to the mark. They have asked me to sign the documents like forty times and in-spite of that they said my sign is lengthy . Rest all were good rate of interest was around 15% loan amount I opted for 1 lakh loan amount.
      Was this review helpful? 0
      , chennai
      Reviewed on May 15, 2017
    • Tata capital Personal Loan
      "Delayed service"
      0.5 3.0/5 "Satisfactory"
      My experience for the personal loan is not good. Actually I got very delayed service. I applied for the personal loan with Tata Capital. They shared a link to upload certain documents but that link is not that much advance and I am unable to select the bank over there to upload the document. They should improve their technical service for the convenience of the customers because I have struggled a lot. Due to delayed loan disbursement, I could not implement my plan on time.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 13, 2017
    • Tata capital Personal Loan
      "Quick and fast service"
      0.5 5.0/5 "Blown Away!"
      TATA Capital had granted me a personal loan. The response , followup provided by TATA Capital was really good and it was very prompt too. It would be great if they lower the interest rate as it is relatively high on my personal loan. As far as documentation is concerned it is very smooth and easy. The time scales taken to process the loan was 10 days. The disbursement happened very quick and the service was really fast.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 13, 2017
    • Tata capital Personal Loan
      "More than average service"
      0.5 4.5/5 "Excellent!"
      The number of days taken to process the personal loan by TATA CAPITAL was 7 to 10 days., as the delay was from my side. The rate of interest levied by TATA Capital is very much nominal. The response and the followup provided by TATA CAPITAL was really good. Therefore, I would say that the service provided by TATA CAPITAL is more than average.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 13, 2017
    • Tata capital Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      The agent who processed my personal loan application with Tata Capital was very friendly. I am fine with them for all the services provided by them. But the main concern is, there is no proper updates if the application gets rejected. I received the loan from Tata Capital and I am satisfied with their customer service and responsiveness.
      Was this review helpful? 0
      , chennai
      Reviewed on May 13, 2017
    • Tata capital Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I am happy with the services of Tata Capital limited as they have done a good job for me on the personal loan. The process was completed on time and they also collected my papers and disbursement was as needed. They offered me the interest rate around 11.45% and charges is around 2900 rupees I am very much happy with TATA CAPITAL and I did not face any hassle with them.
      Was this review helpful? 0
      , chennai
      Reviewed on May 13, 2017
    • Tata capital Personal Loan
      "They should be paper less "
      0.5 4.0/5 "Great!"
      TATA Cpaital should improve on documentation process, there should not be some body picks the paper from customer place. They should provide online option to upload the documents. Apart from that everything is good. TATA Capital interest rate is also attractive, I have compared with other banks and they sanctioned zero processing fee.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 12, 2017
    • Tata capital Personal Loan
      "Overall satisfied"
      0.5 4.0/5 "Great!"
      Actually TATA Capital interest rate was very good and they done fast process on time. They gave regular updates on loan process. Within 6 to 7 days they disbursed the amount. I have taken the loan amount of Rs.2.25 lakhs with interest rate of 12.99% and zero processing fee.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 12, 2017
    • Tata capital Personal Loan
      "Be more proactive in services"
      0.5 3.0/5 "Satisfactory"
      Tata capital delayed in taking my documentation which led to a delay in the process for my personal loan. The process took more than 20 days to complete. Though it was a paper less process, I still had to submit my documents physically. The rate of interest was of 12% and the processing charges was of 3K.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 12, 2017
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