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Tata Capital Business Loan

Tata Capital business loan is a type of unsecured Tata Capital loan that allows you to arrange funds to expand or boost your business. This loan is offered to fulfill many business oriented purposes for small, medium and large enterprises, be it the purchase of machinery or requirement of more funds to expand business. Tata Capital business loan interest rates start from 13.50% per annum and the lender offers a flexible period for loan repayment. 

Tata Capital Business Loan Interest Rates 2021

Loan Amount

Ranges between Rs 5 lacs and Rs 1 crore

Interest Charges

Starts at 13.50% to 19% per annum

Processing Fees

2.50% of loan amount plus applicable charges

Repayment Tenure 

Ranges from 12 months to 36 months

Prepayment

Up to 6.5% of principal outstanding

Tata Capital Business Loan Features & Benefits

Take a look at the Tata Capital business loan features:

Purpose

Tata Capital business loans are offered to help individuals fulfill the following purposes:

  • To back financial requirements with sufficient funds to expand small, medium and large businesses. 
  • For purchase of machinery and to incorporate the latest technology.
  • To help women entrepreneurs grow their business.

Loan Amount

Tata Capital offers the minimum business loan of Rs 5 lacs and the maximum business loan amount offered is Ra 75 lacs. Note that the amount is decided by determining various factors such as the type of business, your profile etc. 

Rate of Interest

The Tata Capital interest rates start between 13.50% per annum to 19% per annum. The rate of interest is subject to various factors including the type of business you are into and your eligibility profile.

Loan Repayment Tenure

You get the repayment tenure ranging from 12 months to 36 months to repay your Tata Capital business loan. 

Foreclosure

You can make foreclosure of your Tata Capital business loan after 9 months of the loan tenure. If you foreclose your loan within 9 months of the tenure, then the bank charges a prepayment fee of 6.5% of the future principal outstanding. For prepayment after 9 months, the bank charges a fee of 4.5% of the principal outstanding. 

Eligibiity for Tata Capital Business Loan

Tata Capital has certain eligibility criteria that has to be met by the applicants to be able to get the funds conveniently. Before you proceed to apply for the loan, it is advised that you go through the Tata Capital business loan eligibility requirements and make sure you are up to them. 

Here are the Tata Capital business loan eligibility requirements that you have to fulfill:

  • Minimum age of loan applicants should be 25 years.
  • Maximum age of loan applicants should not be beyond 65 years at the time of tenure completion. 
  • Loan applicants should have a business that is profitable for at least 3 years.
  • Company should have an attractive turnover.
  • The balance sheet should be audited only by a registered CA. 

Documents Required for Tata Capital Business Loan

You must submit all the required Tata Capital business loan documents that are asked by the lender. Since not following the proper documentation leads to delayed application procedure and even rejection, you must keep the documents ready before applying for the loan. 

Here are the documents required for Tata Capital business loan:

Identity Proof

Aadhar Card, Voter’s ID Card, Passport, Driving Licence

Address Proof

PAN Card,  Voter’s ID Card, Passport, Driving Licence, Utility Bills such as Electricity, Telephone, Water Bills

Income Proof

Balance sheet and profit and loss account, IT Returns, Business Proof

Other Documents

Passport-size Photographs, Duly Filled Application Form

Compare Other Bank Business Loan Interest Rates

BANKS 

INTEREST RATE

Axis Bank Business Loan 11.50% to 20%

HDFC Bank Business Loan

15.65% to 21.20%

Yes Bank Business Loan

16.25% to 19.99%

Citi Bank Business Loan

12% to 16%

RBL Bank Business Loan

10.65% to 16.25%

Indian Bank Business Loan

8.30%

PNB Bank Business Loan

12.65%

Tata Capital Business Loan EMI Calculator

Tata Capital business loan calculator allows you to understand the monthly cost you are going to bear for the repayment of your business loan. This calculator gives you the payable Tata Capital business loan EMI amount which helps you manage other monthly expenses accordingly. 

Here is how to calculate the EMI using the Tata Capital business loan EMI calculator: 

  • Go to the official website of Tata Capital. 
  • Tap and expand the “Business Loans” section.
  • Now, find the “EMI Calculator” in the “Calculators” dropdown menu. 
  • Enter loan amount, rate of interest and loan repayment period.

You can now check the monthly payment for your Tata Capital business loan instalments.

You can also move to the BankSathi loan EMI calculator to know the amount of your business loan monthly instalments. This tool is real quick to tell you the monthly as well as the yearly cost of your loan by using the loan amount, repayment term and interest rate. 

How to Apply for Tata Capital Business Loan?

There are multiple ways to apply for the Tata Capital business loan. You can do it either offline or online. Here is how:

  • Apply for Tata Capital Business Loan offline

You can apply for the Tata Capital business loan offline to do which you can hop to the nearest branch of the lender. Make sure you carry all the documents to the branch where you will be assisted by the lender for loan application procedure. 

  • Apply for Tata Capital Business Loan online

Follow these simple steps to apply for the loan online:

  • Go to the official website of Tata Capital. 
  • Tap and expand the “Business Loans” section.
  • Now, hit the “Apply Now” button.
  • Fill the required details. 
  • Submit your application.

Once your Tata Capital business loan application is submitted, the loan representative will reach out to you to proceed with it. 

You can also contact the Tata Capital customer support to get started with the loan application. 

Tata Capital Business Loan Customer Care Number

If you have further questions related to the loan, please contact the Tata Capital customer support.

Here is the Tata Capital business loan customer care number which you can dial in case of any assistance/ queries/ grievances / feedback related to the loan:

1860 267 6060

FAQs On Tata Capital Business Loan

Q.1 What are the interest rates charged for Tata Capital business loans?

The Tata Capital interest rates start between 13.50% per annum to 19% per annum depending on the type of business for which you are applying for the loan. 

Q.2 What is the minimum and maximum loan amount offered for a Tata Capital business loan?

Tata Capital offers the minimum business loan of Rs 5 lacs and the maximum business loan amount offered is Ra 75 lacs, subject to the type of business for which you are applying for the loan. 

Q.3 How can I apply for the Tata Capital business loan?

Here are many ways to apply for the Tata Capital business loan:

  • Visit the official website of Tata Capital and fill in the Tata Capital business loan online application form. 
  • Visit the nearest branch with the required documents.
  • Reach out to the Tata Capital business loan customer care to get started with the loan application.

Q.4 Do I have to provide any collateral for Tata Capital business loans?

No. Tata Capital business loan is an unsecured loan which means that you will not be required to offer any security or collateral to the lender to avail the loan. 

Q.5 Can I close my business loan early?

Tata Capital enables users to make business loan foreclosure after 9 months of the loan tenure. If you foreclose your loan within 9 months of the tenure, then the bank charges a prepayment fee of 6.5% of the future principal outstanding. For prepayment after 9 months, the bank charges a fee of 4.5% of the principal outstanding. 

Last Updated on : 10/May/2021

Know More About

Tata Capital Business Loan

You're eligible for a Tata Capital Business Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Business Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Tata Capital Business Loan Interest Rates

Updated on 25 Nov 2017

Tata Capital Business Loan Details
Interest Rate (Monthly reducing balance) 13.5% - 19%
Processing Fees 2.50%
Loan Tenure 1 year to 3 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Business Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959