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  • Tata Capital Business Loan

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  • 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.

    Interest Rate Loan Amount Repayment Tenure Processing Fee
    19% p.a. Onwards Rs.5 Lakh to Rs.75 lakh 12 months to 36 months Up to 2.75% of the loan amount plus GST

    Charges Associated with Tata Capital Business Loan

    Penal Interest 3% on overdue amount per month plus GST
    Bounce Charges Rs.2,000 for every cheque/payment instrument dishonor plus GST
    Document Processing Charges Rs.999 plus GST
    Foreclosure Charges 4.5% on the future principal outstanding on existing loan plus GST
    Foreclosure Charges for Top-Up 2.25% on the future principal outstanding on existing loan plus GST
    Loan Cancellation Charges 2% of loan amount or Rs.5,750 whichever is higher plus GST
    Instrument Swap Charges Rs.550 plus GST
    Duplicate NOC Rs.550 plus GST
    Post-Dated Cheque Charges Rs.850 plus GST

    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 two financial years.
    • Your business should be in existence for 3 consecutive 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:

    Proof of Identity Voter ID/Aadhaar Card/Passport/Driving License
    Bank Statements Last 6 months bank statements
    Proof of Business Ownership documents, Sales Tax/Trade License/Establishment Certificate, Partnership Deed, Income Tax Returns (ITR), Balance Sheet, and Profit/Loss Statement
    Application Form Filled and duly signed
    Photograph Passport size

    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:

    • Standard EMI Plan – In this type of plan, the amount of EMI remains fixed throughout the loan tenure. This plan is ideal for you if you have a fixed income and you are comfortable paying the same EMI each month till your loan tenure ends.
    • Step-Up Flexi EMI Plan – This plan is ideal for you if your income is expected to increase at regular intervals. In this type of plan, you can choose to pay lower EMIs at the beginning of the tenure and increase the EMI amount as your earnings increase.

    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

    • How do I avail a business loan from Tata Capital?

    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

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

    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.

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

    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.

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

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

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

    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.

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