Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Loading your search...
    Close

    Compare, check your eligibility and apply online instantly.

  • Tata Capital Business Loan is Rated as "Great!" by 3259 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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.

    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
      "There are hidden charges which they will not reveal"
      0.5 4.0/5 "Great!"
      The information given wrongly in the TATA CAPITAL and they said that there is no processing fee. When they dispatched loan amount they have added the insurance, pre interest charges. They have almost taken Rs. 2700 from loan amount. When i asked these charges, they said its mandatory. When i'm not left with other options i supposed to take this loan. The process is very lengthy and people are in Hydrabad branch were not responded. I have received the loan after 3 weeks. They have collected the security signature from guarteer which is not required for the corporate employee.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 18, 2018
    • Tata capital Personal Loan
      "Pathetic services"
      0.5 1.0/5 "Really Bad"
      Whenever the personal was given me with a interest rate of 10.99% but when i took the loan it came to 11.49% which is mis-commitment. When i called the customer care, they have said that there is no offer regarding to reduce the interest rate. I got in a trouble regarding this. Final day they have given the split up the amount including the insurance which I'm unhappy with it.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 18, 2018
    • Tata capital Personal Loan
      "Satifactory services "
      0.5 5.0/5 "Blown Away!"
      MY personal loan was taken with TATA CAPITAL , services were good with this bank only the thing is i have complaint with TATA CAPITAL they did not meet time-line which said to me i have to wait for long time. They did not charge processing fee but they charge for insurance .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 18, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with TATA CAPITAL , here they charge high rate of interest initially they said 11.25 but later they charge 12.48% . The tenure period is 36month and they provide satisfactory loan amount with this bank . Processing fee is too nominal with this bank .
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 18, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with TATA CAPITAL , the rate of interest is 12% which is very high compare to others . There is preclosere option and they charge fee 2000 rs . The tenure period is 60 month . Loan amount is really satisfactory and so far it is good .
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 18, 2018
    • Tata capital Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The services are very excellent and the process was smooth. Am perfectly fine with the rate of interest and processing charges. The loan duration is 5 years. I can do part payment and pre closure after one year. Monthly installment will be deducted from my account.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 17, 2018
    • Tata capital Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      It was quite good and the process was very fast. I am happy with the service of Tata Capital. The documentation was happened timely and the disbursement was on time. They are given the best interest rate, actually I compared with others which was high. The loan duration is 4 years. The payment mode is ECS.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 17, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was approved with TATA CAPITAL and the experience was good, i received my loan amount within 10 days. The loan amount was for Rs 6 lacs with nominal interest rate. Tenure period for this loan is 5 years and i have chosen ECS as a payment mode.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Needs to improve on customer service"
      0.5 3.0/5 "Satisfactory"
      The process took lot of time for approval, the website of TATA CAPITAL is not user friendly. Rate of interest was nominal when compared to others. The loan amount was for Rs 2 lacs with tenure period of 4 years. Customer support was not up to the mark with TATA CAPITAL.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Average experience"
      0.5 3.0/5 "Satisfactory"
      My experience was average with TATA CAPITAL for personal loan, the process took 1 week to complete. The loan amount was for Rs 80000 with high interest rate of 13%.. Documents like cheque was pending from my side. Customer service was good and they responded on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My experience was not up to the mark with TATA CAPITAL for personal loan, the process was delayed and it took 2 weeks to complete. The loan amount was for Rs 1 lac with high interest rate when compared to others. Customer support was not up to the mark and their response was delayed.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Documentation part should be improved"
      0.5 3.5/5 "Pretty good"
      I'm happy about the interest rate provided to me. I came to know that including the insurance they have given the interest rate of 12% and the processing fee of Rs. 1500. I have applied the loan amount of Rs. 2 lakhs. The loan got delayed for 12 days because of the collection executive. They have collected the documents once again from my end.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I am happy with the rate of interest and processing charges with Tata Capital. I opt the loan for 2 years. I have to pay monthly around12K through ECS. The customer service and response was average. The document procedure was good, I had submitted the documents to the executive.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Nice plans but need to take care of the application"
      0.5 4.0/5 "Great!"
      I had taken my personal loan from TATA CAPITAL by last month. I have applied the loan amount of Rs. 1.5 lakhs and the loan got delayed due to some reasons. From my end signature was mismatch and they have wrongly mentioned the tenure period because of all this things Mumbai branch was not accepted the same and they have sent a new application. Finally i have received the loan after 15 days.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "BETTER"
      0.5 4.0/5 "Great!"
      The particular reason for taking the personal loan with the TATA CAPITAL LIMITED is because the rate of interest is lower than others. The process is simple and i got the loan amount within 2 weeks. The rate of interest is 10.99% also the duration is for 5 years for repay added on that there is a pre closer charges applicable.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "For a personal loan, TATA CAPITAL providing good interest ra"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with TATA CAPITAL and loan amount its almost delayed for 20 days. While i was applying the loan i have selected 11.25% and on the loan processing time, they have said like the interest rate 13% and i complained about the same and it got resolved within half day.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Good service in terms of process and communication"
      0.5 5.0/5 "Blown Away!"
      I have received the loan on time. I'm happy about the interest rate provided to me. They have given me 10.99% and zero processing fee. I have bought the loan amount of Rs. 6 lakhs. The documents got collected from my house from the collection executive. I am yet to pay the first month EMI. I have chosen the ECS payment mode.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Good personal loan experience"
      0.5 4.0/5 "Great!"
      I have processed the personal loan with TATA CAPITAL 1 month before. I have received the bit delayed for 1 week. I'm glad about the interest rate and my processing fee got waived off. As per the market standards they have provided the minimum interest rates. The documentation was good. After 1 year only i can able to pre-close the loan.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I have appiled for personal loan with the TATA CAPITAL the reason for taking the loan with them is there is a option of Part payment also the process is fast. The loan amount is good also the rate of interest is of 10.99%. There is no processing fee applicable also the duration is for 5 years added on that the pre closure option in very much available here.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with TATA CAPITAL , there were no hidden charges with this bank . They did not charge any processing fee and i got my loan on time . The loan amount which i got through this bank is satisfactory .I did not got nay paper work they said they will send on mail but not yet receive .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 15, 2018
    Common Loader Icon

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.