Tata Capital Business Loan

Tata Capital offers the following types of business loans:

Business Loan for Women

This business loan can be taken to meet the small and big business needs of women entrepreneurs, such as business expansion, day-to-day business needs, etc.

• Loan amount: Rs. 5 Lakhs to Rs. 75 Lakhs.
• Tenure: Range between 12 months and 36 months.
• Collateral: Not required.

 MSME/SME Loans

This business loan is specifically used as a single line of credit to fund the needs of small and medium-sized business enterprises. These loans can be used as working capital, for infrastructure creation, hiring competent personnel, or business expansion. 

• Loan amount: Rs. 5 Lakhs to Rs. 75 Lakhs.
• Tenure: Range between 12 months and 36 months.
• Collateral: Not required. 

Machinery Loan

This is business loan can be availed of for financing the purchase of new machinery or equipment for a business. It allows you to upgrade to newer technologies which can help produce more units in lesser time.

• Loan amount: Rs. 5 Lakhs to Rs. 75 Lakhs.
• Tenure: Range between 12 months and 36 months.
• Collateral: Not required.

Following are some remarkable features of Tata Capital business loans:

• Loan amount: Tata Capital offers business loan amount of minimum Rs. 0.40 lakh to Rs. 75 lakhs..
• Tenure: The repayment tenure of the loan varies from 12 months to 36 months.
• Rate of interest: The loan comes with attractive interest rates starting from 13.50% for self-employed doctor & professional, 13.00% for self-employed non-professional, and 19% for others.
• Processing fee: The processing fee starting from 1.50% for self-employed doctor & professional, 2% for self-employed non-professional, and up to 2.50% for others plus GST as applicable.
• Multipurpose: Loans available for multiple purposes, such as business expansion, working capital, machinery/equipment purchase, stocking inventory, and so on.

• No collateral: Tata Capital offers collateral-free business loans that do not require any professional or personal assets to secure financing.
• Customised business loan: To suit the requirement of every individual business owner.
• Simple & quick processing: They do not bother the applicant with lengthy formalities except for the statutory requirements prescribed by law.
•  Competitive interest rates: Everything is tailored as per the borrower's affordability and convenience.
• Flexible repayment: You can choose EMI as per your convenience
• Minimal documentation: They require simple details like income and purpose of the loan.

You can calculate Tata Capital Business Loan EMI with the Tata Capital EMI Calculator or by using the Business Loan EMI Calculator on our website.

To calculate EMI enter the following information:

• The loan amount you wish to avail
• Interest rate
• Loan repayment tenure

Here is an example:

• Loan amount applied for: Rs. 50 Lakhs
• Rate of interest applicable: 13.50% p.a.
• Tenure chosen: 3 years

In the above example, you will have to pay a total interest of Rs. 11,08,352 on a loan of Rs. 50 Lakhs. The total amount to be paid to the bank will be Rs. 61,08,352. Your monthly EMI would be Rs. 1,69,676.

Amortization table for the above example:

• Check EMI with EMI Calculator: Try permutation and combination to arrive at the EMI that fits into the loan-to-EMI ratio and also that suits your pocket. Based on this the loan amount can be decided.
• Calculate the business loan eligibility: The deciding factors for your loan eligibility are your income, repayment capacity, and credit score. Calculate the eligible amount before applying for the loan.
• Review your current responsibilities: The applicant has to consolidate all the present loan obligations before deciding to apply for the business loan. This will help them to choose the right repayment period to fix the necessary EMI in such a way that it is not stressful.

Following are the documents required for business loan from Tata Capital:

• Company bank statements of last 6 months.
• Income Tax Returns of last 2 years.
• Balance sheet and Profit & Loss accounts last 2 years audited by a registered Chartered Accountant (CA).
• KYC documents of the company and business owners.
• A report with detailed information on how you will utilise the loan amount.
• Photo identity proof, such as Aadhar Card/ Passport/ Driving license/ Voter ID.
• Bank statements
• Business proof

Below are the Tata Capital business loan eligibility criteria:

• Minimum age: Must be at least 25 when applying for the loan
• Maximum age: Must not be above 65 years when the loan matures.
• CIBIL score: Minimum cibil score should be at least 700 or above.
• Profitability: Your business must be profitable for at least 3 successive financial years.
• Turnover: The turnover of your business must display an upward trend.
• Balance sheet: Your balance sheet should be audited by a registered CA.

• A clean record: To increase the chances of qualifying for the loan you should concentrate on building a clean record. By prompt payment of loan installments and Credit Card dues, you can create a good track record. Make sure that Credit Card utilisation is kept to the minimum and loans are availed only if really necessary. This will enable you to manage finances better and avoid delayed payments which result in a clean track record.
• Consider loan tenure: The loan-to-EMI ratio should always be kept in mind while opting for the repayment period. If the availability of the residual amount out of the monthly income to service the proposed EMI is not sufficient to fit the loan-to-EMI ratio, then it is better to opt for a longer repayment period.
• Creditworthiness: The CIBIL score is the tool to measure one's creditworthiness. Working towards keeping the score high by making loan and Credit Card dues payments on time will help to create a healthy credit score.

Here are some of the ways through which one can apply for the Tata Capital Business Loans:

•  Apply online through Tata Capital's website.
•  Call Tata Capital's customer care team on their toll-free number with a request to call back.
• Visit the nearest Tata Capital branch and apply for the Business Loan.
• Apply for the Tata Capital Business Loan online through MyMoneyMantra.

To apply for Tata Capital business loan online through MyMoneyMantra, follow the steps mentioned below:

• Open Business Loan page on our official website. It is given under Loans tab.
• Click on Compare & Apply.
•  Enter details like your name, mobile number, email Id, loan amount required and click on Let’s Go.
• Choose employment type from the options self-employed (professional) and self-employed business.
• Enter your annual turnover, pin code of residential address, years in business, type of business, and profession type (if professional).
• Accept the terms & conditions and click on Next.
• Enter the OTP received on your mobile number.
• Compare the options displayed on the screen and choose the most suitable one. You can choose Tata Capital as your lending partner if you want.
•  Click on Apply Now.
•  Your application will be submitted with us successfully. Note down the Application Number for tracking your loan application status and future reference.
•  Our representative will get in touch with you soon.

You can get Tata Capital Business Finance faster with their simple application process:

• Apply Online: Apply for the loan online by just filling up your basic details.
• Verification: After the application is submitted to the lender, it will verify your business loan application and submitted documents. This process may involve a personal discussion with you.
• Quick Disbursal: Get the required business loan amount in your bank account instantly after successful approval.

• Fixed EMI: Under this feature, the principal portion and the interest amount charged on the loan tenure is fixed. It is a fixed business loan, so the monthly instalment or EMI is constant for the entire loan period. It is ideal for those who have a steady and consistent income source.
• Structured EMI: This plan enables you to choose a repayment structure that is best suited to your salary and monthly expenses. It is a flexi business loan and offers customised business loan EMI choices to the customer. It is best suited for those who are expecting an increase in their income at regular intervals.

You can call Tata Capital for any query, including for business loans at their toll-free number 1860 267 6060 between 9 AM to 8 PM, Monday to Saturday. The service is closed on Sundays and Public Holidays.

You can also send an email to contactus@tatacapital.com or customercare@tatacapital.com.

Visit your nearest branch of your registered office of Tata Capital:

Registered Office Address:

11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013.