Multiple banks. Different interest rates. Call it a "conflict of interest".
  •  Loading your search... Loading your search...
  • Tata Capital Business Loan Reviews

    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Unfortunately I haven't got the personal loan from TATA CAPITAL , because of the lack of address proof. The customer service is good with TATA . The rate of interest which they have offered was high with TATA Capital when compared with others.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 19, 2017
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I was not in need of loan at that time when I have applied for loan with Tata, so that was the reason I haven't got the personal loan from TATA CAPITAL. The response was good with TATA , they were good at their follow up and I have informed them that there is no loan requirement at present. The rate of interest was nominal with TATA CAPITAL.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 19, 2017
    • Tata capital Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      TATA CAPITAL has disbursed my loan amount within the promised time. The customer service and the response were very prompt from TATA CAPITAL. The rate of interest is average when compared with other institutions. The processing fee and charges were Rs.999, they have charged the registration fee around Rs.300.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 18, 2017
    • Tata capital Personal Loan
      "Easy process"
      0.5 5.0/5 "Blown Away!"
      It was a nice process at Tata Capital. I got the personal loan on time and the whole experience is good. I am also okay with the interest rate, it was around 11% and the processing charges was waived off. The after loan services are also good and hassle free.
      Was this review helpful? 0
      , delhi
      Reviewed on Sep 18, 2017
    • Tata capital Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I got a personal loan, which is going on with ICICI bank at present, so I though of doing balance transfer but the foreclosure charges are very high with ICICI bank so that was the reason I haven't processed with my TATA capital personal loan . The response was prompt with TATA CAPITAL. They made better follow up. The rate of interest was low when compared with other banks.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 18, 2017
    • Tata capital Personal Loan
      "Unhappy with the services "
      0.5 1.0/5 "Really Bad"
      I have taken my personal loan with Tata Capital and I am not happy with the services. The first thing is the executives are not professional and they do not know how to speak to a customer. The second is that they were not transparent in the interest rate. I was told 11.99% and later I was offered 12.75%.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 18, 2017
    • Tata capital Personal Loan
      "Overall process is good"
      0.5 4.0/5 "Great!"
      Tata Capital has offered me a personal loan and the process for it is easy as I did not have much of paper work and it was smooth. The interest rate was of 11.99%, it could have been more lesser. The processing charges was waived off. The after loan services are satisfactory too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 18, 2017
    • Tata capital Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with TATA CAPTIAL because they have offered me with less interest rate comparing to CITI bank. I have not faced any inconvenience with their service and responses was amazing. Their rate of interest was 11.49% and there's no hidden charges here.They have provided door step service for the documentation collection. My over all experience was good.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 18, 2017
    • Tata capital Personal Loan
      "High ROI & smooth process"
      0.5 3.5/5 "Pretty good"
      The process with Tata Capital is good as I have taken a personal loan. Though it took sometime, the process was smooth. The interest rate was around 12%, which was on the higher side, when compared to the other banks. The processing charges was waived off.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 16, 2017
    • Tata capital Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan with TATA CAPITAL.I am really satisfied with their services and responses.The loan process was easy and satisfactory they took just 2 enquirey for processing and with in 2 weeks my loan amount was sanctioned. It was completely hassle free and good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 16, 2017
    • Tata capital Personal Loan
      "Good. Can do better"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Tata Capital. The process could be more improvised. My signature was different on my PAN card from the one at my personal bank. So for the signature verification I had to go to the bank for two days continuously and get it done. The process could be made easy if it is done by Tata capital. The interest rate was okay. The processing charges was of 700.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 15, 2017
    • Tata capital Personal Loan
      "Response has not be improved"
      0.5 2.5/5 "Just OK"
      It was good overall at Tata Capital. I have taken a personal loan. Just that it got delayed for a few days longer than what was mentioned earlier. I tried reaching them a couple of times and there was no proper response from them for an update. The processing charges was waived off.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 15, 2017
    • Tata capital Personal Loan
      "Good response"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with TATA CAPITAL LIMITED. They gave me regular follow up call regarding my application. Due to my personal reasons i could not able to avail the loan from the bank. They executive was so professional and helpful.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 15, 2017
    • Tata capital Personal Loan
      "Satisified with the services"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with Tata Capital for the personal loan. The customer services are good and they were very much responsive. I got the disbursement on time. The interest rate was around 11% and the processing charges was also normal for me. It was a quick process overall.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 15, 2017
    • Tata capital Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have approached TATA CAPTIAL for my personal loan. The one and only drawback was their rate of interest ,which was bit higher. I would like to mention their customer service and responsiveness. They did proper follow ups, updated me each and every day and guided me very well which was satisfactory but unfortunately, I couldn't take my personal loan with them because of their high interest rate.My overall experience was good .
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 15, 2017
    • Tata capital Personal Loan
      "Customer service should be improved"
      0.5 1.0/5 "Really Bad"
      TATA Capital promised me 12% of interest, then I agreed for the personal loan but when I received a call from their executive, they informed about 19% of interest and he was very rude then I asked him to transfer the call to their manager, Infact he is not supportive. Finally I closed my loan application.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 15, 2017
    • Tata capital Personal Loan
      "I am getting updates on time"
      0.5 4.5/5 "Excellent!"
      I received a good response from Tata Capital for the personal loan. When ever I needed an update I would call them and they helped me out at once and informed me the details. The team has done a very good job. The interest rate I got was around 11% and processing charges charged by them was zero.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 15, 2017
    • Tata capital Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan from Tata capital limited and it was a excellent process. I received my loan on time and the disbursement was what I applied for. The rate of interest was around 10% and the deal was also good on the processing fees.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 14, 2017
    • Tata capital Personal Loan
      "Overall good. Can be more consistent in process"
      0.5 3.0/5 "Satisfactory"
      The overall experience was good at Tata Capital. It was for a personal loan process. Though I was told that it would be a paper less process, it took me half day for me to fill up the application and I also had to submit my documentation once more physically though I uploaded them online. Else the services and charges were good.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 14, 2017
    • Tata capital Personal Loan
      "Very good service"
      0.5 3.0/5 "Satisfactory"
      For an emergency I went with TATA CAPITAL for my personal loan. I can say the service which was given by TATA was average. They have disbursed my loan amount within 2 to 3 weeks of time. It was very longer than normal time. The rate of interest was low when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 14, 2017
    Common Loader Icon
    Tata Capital Business Loan is Rated as "Great!" by 2587 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Tata Capital Business Loan

    Apply for Personal Loan

    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
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.