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Tata Capital Business Loan

Apply Tata Capital Business Loan

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Overview

Tata Capital is part of the renowned Tata Groups, that brings with it aplenty of experience with the Indian Consumer Market. This experience has led them into developing loan products that cater to a wide category of businessmen.

Tata Capital Business Loans enable entrepreneurs to realize their dream; be it setting up a new manufacturing unit, launching a new store, expanding your present setup, buying that latest equipment and many more, they have your back.

Tata Capital Business Loans are disbursed through the following channels – 

  • Working Capital Finance
  • Machinery Loan
  • MSME & SME Loan
Tata Capital Business Loan

Snapshot of Tata Capital Business Loans

Loan AmountLoan Tenure
Interest RatesProcessing Fees
Rs. 5 lakhs – Rs.75 lakhs12 – 36 months
Starting from 19%2%

Advantages of getting a Business Loan from Tata Capital

  • Multiple Product Offering – Tata Capital Business Loans are customizable to suit your needs. They come with flexible terms to give you the best benefits and offers.
  • No Security – Tata Capital Business Loans are completely unsecured. There is no obligation to present any kind of security to avail the loans.
  • Structures EMI Options – The customization even extends to the EMI Payment options. It helps you to choose a repayment plan that is best for your cash flows.
  • High Eligibility – When you might get rejected by other lenders, the chances of rejection from Tata Capital is quite low. They make sure that they design a plan that best suits your needs and budget.
  • Pre-approved offers for existing customers
  • Hassle-free loan process with minimal documentation, online approval and quick disbursal.
  • Convenient online access to your business loan account for better management

Application Process for Tata Capital Business Loan

Tata Capital follows a simple hassle-free application process: 

  • Online Application: You can fill up the application form online with all the basic details.
  • Document submission: Once you receive your loan eligibility, you are required to submit all the relevant documents.
  • Verification: Post document submission, Tata Capital may have a personal discussion with you for document verification.
  • Approval: Once the documents have been verified satisfactorily, the loan is approved and the amount sanctioned.
  • Disbursal: Loan amount is disbursed once the due process is completed.

How can Tata Capital Business Loans help my business grow?

Tata Capital Business loans help you with your day to day business needs or long term asset creation. Some of the areas where Tata Capital Business Loans come in handy are:

Expansion

Businesses need the right resources and tools to grow. Expanding your business at the right time to make sure that your profits don’t shrink. Tata Capital Business loans help you with the costs of expansion while keeping your operational costs stable so that you can concentrate on your business growth without any compromise.

Inventory

Having an updated inventory is necessary for business continuity. Whether you are into retail, wholesale or seasonal business, inventory planning is very important. Purchasing and stocking inventory takes a lot of resources. Tata Capital Business Loans provide finance for inventory replenishment so that you are able to meet customer demands timely.

Cash Flow

Cash flow presents as an important challenge to any business, especially the seasonal ones. When your projected sales are seasonal, so is your cash flow. With a staggered cash flow, you are bound to face issues with inventory purchase resulting in losses relating to costs of inventory, staff, utilities and rent or mortgage. Tata Capital Business Loans ensure adequate cash flow to overcome these issues.

Equipment

Every business unit has the need to purchase, replace, repair or upgrade various kinds of equipment. These equipment are expensive and essential for the business to run smoothly and efficiently to ensure maximum productivity. Tata Capital Business loans provide you the money to ensure regular upkeep of equipment to run your business seamlessly. These loans also allow you to manage any unplanned expenses like the repair or replacement of broken equipment that could harm your budget.

Different types of Business Loans offered by Tata Capital

Business Loans for Women

As the name suggests, this is a special type of loan offering specifically designed to meet the business needs of women entrepreneurs in the country. These loans are generally constituted by lower interest rates, low processing fees, and no collateral guarantee requirements.

Loan Amount

From Rs.5 lakhs up to Rs.75 lakhs

Interest Rates

Competitive rates starting from 19%

Loan Tenure

Ranges from 12 months to 36 months

Age Eligibility

Must be between 25 to 65 years

Security

No collateral needed

Processing Fee

Upto 2.75% of the loan amount + GST

Penal/Additional Interest Rate

3% on Overdue amount per month + GST

Foreclosure

After initial 9 months of repayment

Foreclosure charges

4.5% on the future Principal outstanding on existing loan + GST

Tata Capital Machinery Loans

Procuring the best quality machinery is key to the businesses’ success. It is also necessary to have the necessary funds to take care of unexpected repairs and refurbishment of machinery. Tata Capital Machinery Loans allow customers to purchase new machinery or equipment for a business.

Loan Amount

From Rs.5 lakhs up to Rs.75 lakhs

Interest Rates

Competitive rates starting from 19%

Loan Tenure

Ranges from 12 months to 36 months

Age Eligibility

Must be between 25 to 65 years

Security

No collateral needed

Processing Fee

Upto 2.75% of the loan amount + GST

Penal/Additional Interest Rate

3% on Overdue amount per month + GST

Foreclosure

After initial 9 months of repayment

Foreclosure charges

4.5% on the future Principal outstanding on existing loan + GST

MSME & SME Loans

MSME & SME Loans from Tata Capital provide a single line of credit for funding the needs of small and medium-sized business enterprises. An MSME/SME loan can either be used towards working capital needs or for long-term business requirements.

MSME & SME Loans can be utilized for the following needs – 

  • Working Capital financing
  • Infrastructure Creation
  • Personnel hiring and training 
  • Expansion & Renovation of existing business units

Eligibility criteria to apply for Tata Capital Business Loans

Age Eligibility - must be within 25 to 65 years

Profitability - Your business must show consistent profitability for the last three consecutive years

Business Continuity – You should prove an upward trend in your business turnover

Balance Sheet - A registered Chartered Accountant must have audited your balance sheet

What are the documents required to apply for Tata Capital Business Loans?

  • Duly filled application form
  • Company bank statements for the last six months
  • Income Tax Returns for the last two years
  • Balance sheet and Profit & Loss accounts for the last two years
  • KYC documents of the company including PAN Card, Registration of Incorporation, Partnership deed, Memorandum & Articles of Association
  • KYC documents of the business owners
  • A report detailing how the Business Loan will be used

Tata Capital Business Loans FAQs:

1. Who is eligible to apply for Tata Capital Business Loans?

The customer segments covered under Tata Capital Business Loans are listed below:

  • Sole Proprietorship
  • Partnership Firm
  • Private Limited Companies
  • Closely held Public Limited Companies
  • Societies
  • Trusts
  • Hospitals, Nursing Homes, Diagnostic Centres, Pathological Labs

2. What are my options to repay my Tata Capital Business Loan?

You can pay your EMIs through Post Dated Cheques, Electronic Clearance Service (ECS) or Direct Debit.

3. What is the maximum loan amount I can through Tata Capital Business Loan?

You can get up to Rs.75 lakhs and more depending on your credit score.

4. Is the interest rate fixed or floating?

The interest rate for Business Loan is fixed.

5. How to apply for a Business Loan?

Tata Capital Business loans come with quick processing. The online application process is a simple and secure form which takes less than 10 minutes. You can then upload the necessary documents and your loan will be approved within just days.

  • Online: Apply online through our website.
  • Phone: Call the customer support team on the customer care number at 1860 267 6060 from 9 am to 8 pm Monday to Saturday. You can even request for a call back.
  • Branch: Walk into your nearest branch of Tata Capital and apply for a Business Loan

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