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  • Tata Capital Business Loan is Rated as "Great!" by 2967 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 services"
      0.5 5.0/5 "Blown Away!"
      The process was very smooth with Tata capital. I have taken my personal loan. It was a on time process for the document collection and for the disbursement too. The loan was as per requirement. The rate of interest is reasonable, it is of 11.99% and the processing fees is zero.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 18, 2018
    • Tata capital Personal Loan
      "Fast service"
      0.5 5.0/5 "Blown Away!"
      My experience with TATA CAPITAL for personal loan was very good, It was a fast approval and i received my loan within 3-4 days. The loan amount was for Rs 5 lakhs for 4 years with interest rate of 13% which is nominal rate. Customer service was good and they collected documents on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 16, 2018
    • Tata capital Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      The tata capital personal loan service is good, The emi options are not up to the mark with the tata capital and the ECS adaptation is not transparent. The transparency is not is not in the process. The rate of interest and the charges are high with the TATA capital when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 16, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had a very fine experience with TATA CAPITAL for personal loan, the process was quite long and it took 2-3 weeks to disburse the loan amount. The loan amount was for Rs 3.2 lakhs for 5 years with high interest rate of 11.99%. Customer service was good and they collected documents on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 14, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan experience was very good with TATA CAPITAL, the process took 5-6 days to complete. I have taken loan for Rs 1.5 lakhs with tenure period of 5 years. The rate of interest for this loan is 12.75% which is nominal rate. Customer service was good and they collected documents on time.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 14, 2018
    • Tata capital Personal Loan
      "Good sevice"
      0.5 4.0/5 "Great!"
      The loan disbursement took time but other than that the whole loan process was good from the TATA CAPITAL. the customer support service is good with the Tata and they gave me better response in regards to my personal loan application. The rate of interest and the charges are average TATA Capital .
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 12, 2018
    • Tata capital Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The TATA capital limited personal loan service is good and they have delivered the loan amount within 3 to 4 days of time. The customer support service is good with the Tata capital and they gave me good response . The rate of interest is average with the Tata capital limited.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 12, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have got the personal loan long back but still a haven't got the loan documents from the TATA capital . The customer support service need to send the loan documents on time. The rate of interest and the charges are average with Tata capital when compared with others .
      Was this review helpful? 0
      , pune
      Reviewed on Apr 11, 2018
    • Tata capital Personal Loan
      "Overall good. Can be more quick"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Tata Capital. The whole process was good but there was a delay in three days to get the loan. But I got the loan as per my requirement. The rate of interest is around 11.99% and the processing fees is zero. There was a fee of 4K taken for the insurance.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 10, 2018
    • Tata capital Personal Loan
      "Very good process"
      0.5 5.0/5 "Blown Away!"
      It was a good process at Tata Capital. I have taken a personal loan. The team collected the documents on time and the process was also done on time. The disbursement is also as per my requirement. I was offered a rate of 12.75% and the processing charges is zero too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 10, 2018
    • Tata capital Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      TATA CAPITAL took higher than normal time to disburse the loan amount. Initially I have requested them to debit my loan amount through ECS but they haven't done it and I have to go visit the TATA CAPITAL to pay the loan EMI amount manually. The service need to be customer oriented.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Mar 26, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      Within 2 to 3 days of time , the loan amount got disbursed by the TATA CAPITAL. The customer support service is good with the Tata capital, they gave me good response in regards to my personal loan application. The rate of interest and the charges are average with the TATA CAPITAL.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 24, 2018
    • Tata capital Personal Loan
      "So far so good"
      0.5 4.0/5 "Great!"
      It is so far so good with Tata capital. The customer services and response is good for the personal loan. The documentation was also collected on time. The rate of interest is quite competitive. They offered me a rate of 11.2% and the processing charges are zero.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 24, 2018
    • Tata capital Personal Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      The process is good at Tata Capital for the personal loan and the customer services are good. The documentation is on time and i got the loan as required. The rate of interest is of 11.99%. The processing charges are also normal. In all it was a good process and smooth as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 24, 2018
    • Tata capital Personal Loan
      "Need to have clarity on rate of interest"
      0.5 4.0/5 "Great!"
      It was a good experience wit Tata Capital for the personal loan. But I do have few concerns. Initially the rate of interest was around 11%. I finally got 12 %. The processing charges was normal. The process was good and on time. I got the loan amount as I requested.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 23, 2018
    • Tata capital Personal Loan
      "Good experience"
      0.5 4.5/5 "Excellent!"
      I got the personal loan in a week from Tata capital. The customer services and response is good and they informed me the details. The documents was picked up on time. The rate of interest is of about 10% and the processing charges are normal too. The after loan services are good.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Mar 21, 2018
    • Tata capital Personal Loan
      "Good. Can be more clear in the process"
      0.5 3.5/5 "Pretty good"
      The total experience is good with Tata Capital limited for the personal loan. But there was one issues as well with the interest rate. I was initially informed that the rate would be around 11 to 11.2% and after the loan sanctioned I got a rate of 15.5%.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 15, 2018
    • Tata capital Personal Loan
      "Good banking"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Tata capital and the approved loan amount is 5 lakhs. The rate of interest is 12.10%. The monthly EMI comes around11120 for a tenure of 5 years. The customer service and response with the bank is fine.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 01, 2018
    • Tata capital Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      The personal loan experience was good with Tata Capital. The customer service and response was up to the mark. The rate of interest is nominal and the processing fee was zero. They have taken 3 to 4days for the disbursement. The part payment and preclosure option is good.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 01, 2018
    • Tata capital Personal Loan
      "Okay"
      0.5 5.0/5 "Blown Away!"
      My experience was good one with the Tata capital limited for the personal loan. Rate of interest was around 10.5%. I would like to say that the customer service is good one for me with the Tata capital limited. I am really happy with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 23, 2018
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