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  • Tata Capital Business Loan is Rated as "Great!" by 2947 Users
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    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.

    Apply for Personal Loan

    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

    Tata Capital Business Loan Reviews

    • Tata capital Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan with the HDFC bank initially and when I compare with the HDFC bank the TATA capital gave me best offer in regards to rate of interest , loan amount and etc. The service was very quick and fast from the TATA CAPITAL. The processing was very low with the tata capital when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 22, 2018
    • Tata capital Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      Tata capital limited executives are very cooperative for the personal loan, which I have applied. I am okay with their rate of interest and the charges. They have done the help in very useful way till now. I have not experienced much with the Tata capital limited.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 22, 2018
    • Tata capital Personal Loan
      "Better"
      0.5 5.0/5 "Blown Away!"
      My experience is good one with the Tata capital limited for the personal loan. The loan amount got disbursed within three to four days of time. Customer service is better one with the Tata capital limited. Credit process is simpler one with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 22, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have my personal loan with TATA CAPITAL. The loan amount was 5 lakhs and the Interest rate was 11.95 which is average in the market . The tenure period was 3 years . The loan process was very good but I have submitted lot of physical documents. I have spent a lot of time on the documentation part . There is no processing fee too.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 20, 2018
    • Tata capital Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with TATA CAPITAL. The loan amount was 12 lakhs and the Interest rate was 11.99% which is avergae in the market. The customer service and responses was great. The loan process was very smooth and good. They provided door step service for collecting documents. The loan was not only approved on time but also deposited the amount directly to my account on the same day the loan was approved.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 20, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with TATA CAPITAL.. The loan amount was lakhs and the Interest rate was 11.99% which is avergae . The customer service and responses was good. The tenure period was 5 years . I am satisfied with the loan process here and my overall experience was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with TATA CAPITAL.. The loan amount was lakhs and the Interest rate was 11.99% which is avergae . The customer service and responses was good. The tenure period was 5 years . I am satisfied with the loan process here and my overall experience was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      The rate of interest was good with Tata Capital. I had submitted the documents to the executive and they took around 10 days for the processing. The customer service and response was good. The processing fee was zero. They have disbursed the same amount what I requested for.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 15, 2018
    • Tata capital Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I took my personal loan from Tata Capital Limited through online portal. The rate of interest was okay. They charged a processing fee. I have applied for 4L and received 3L & 96K excluding processing fee. They took 15 days for the disbursement.
      Was this review helpful? 0
      , faridabad
      Reviewed on Feb 14, 2018
    • Tata capital Personal Loan
      "Good experience"
      0.5 3.0/5 "Satisfactory"
      I have my personal loan with TATA CAPITAL. The loan amount was 5 lakhs and the Interest 12.5 % which is not high than other banks in the market . The tenure period was 4 years. They have provided doorstep service for collecting documents . My overall experience was good .
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 14, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with TATA CAPITAL.The loan amount was 9.96 lakhs and the interest rate was 11.99% which is avergae in the market . The EMI period was 4 years . The loan process was very good and they have provided door step service for collecting documents. My overall experience was good and its recommendable.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 13, 2018
    • Tata capital Personal Loan
      "Need to be improved in the documentation process"
      0.5 3.0/5 "Satisfactory"
      The documentation process was done thrice by the TATA CAPITAL in regards to my personal loan application. The required loan amount has been disbursed and I am satisfied with it. The rate of interest and the charges are average with the TATA CAPITAL personal loan. The clarity is needed in the documentation process.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 13, 2018
    • Tata capital Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My experience is very good one with the Tata capital limited for the personal loan. Customer service is good one for me with them. The loan amount got disbursed within seven to eight days of time. Everything is better one for me with the Tata capital limited.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Feb 13, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      It was a good experience with Tata Capital but they took some time for the verification. The customer service and response was fine. The interest was normal and the processing fee was minimal. The documents are collected by the executive as well as online.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 12, 2018
    • Tata capital Personal Loan
      "Need to reduce the interest rate"
      0.5 4.0/5 "Great!"
      It was a good experience with Tata Capital on my personal loan. The rate of interest was too much compared to other banks. There was a processing fee. The executive came to the place and collected the documents. They have taken nearly 1.5 weeks to process the loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 12, 2018
    • Tata capital Personal Loan
      "Best"
      0.5 4.0/5 "Great!"
      My experience was good one with the Tata capital limited for the personal loan. I would like to say that the rate of interest was around 12% and the customer service is good. The loan amount got disbursed within seven days of time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 10, 2018
    • Tata capital Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I have got the personal loan with the Tata capital limited and the experience was good. The loan amount got disbursed within ten days of time. I am happy with them till now. Everything is better one with the Tata capital limited.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 10, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Tata capital finance, they offered 55000 and I am satisfied with loan amount. They have charged 10.5% interest rate for my loan . I took a loan for the period of 24 months, I pay an EMI of 2400 every month.They had disbursed the loan amount to me after 10 days from the date of apply.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 09, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The TATA CAPITAL made a delay in regards to my personal loan disbursement . I have applied for higher loan amount but I have got very low loan amount. The rate of interest and the charges are average with the TATA CAPITAL. The customer support need to be quick and fast response.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 09, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The time which was taken by Tata capital was 15 to 20 days to disburse my personal loan amount. The customer support and the response was good with the Tata capital ,their executives came to my place to collect the documents on time, but the documentation process was not in a professional way, The rate of interest and the charges are average with the Tata capital.
      Was this review helpful? 0
      , noida
      Reviewed on Feb 09, 2018
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