Upto Rs.75 Lakhs – Tata Capital Business Loans

Tata Capital business loan covers every need that arises with growing business such as taking the business online, enhancing production, buying new equipment, or any day-to-day expenses. Get a business loan up to Rs.75,00,000 for tenure up to 36 months with the interest rate starting at 19% per annum. 

Features and Benefits 

• Minimum Loan amount Rs. 5,00,000 and Maximum Loan amount Rs. 75,00,000.
• You can get customized loans as per your business requirement like for buying inventory, for expansion, for managing cash flow, or to support your business’s financial health. 
• Get a loan without any collateral security. With Tata Capital, there is no need to put any of your assets for financing loans. 
• Tata Capital provides flexible EMI plans, you can repay your loans in 12 to 36 months, and you can also decide your monthly EMI as per your business income. 
• They facilitate an easy loan application process and minimal paperwork with relaxed eligibility criteria.
• They also provide different types of business loans such as Business Loan for women, MSME/SME loans, working capital loans, Machinery loans. 

Eligibility Criteria 

• You must be an Indian Resident
• Minimum Age 25 years, Maximum Age 65 years
• CIBIL/ Credit Score 700 and above
• Business Must be earning profits for pas 3 consecutive years.
• Business Turnover must be increasing.

Documents Required for Tata Capital Business Loans 

• Bank statements of last 6 months
• ITR of last 2 years
• Balance sheet and P/L of last 2 years
• KYC documents 
• Business owners KYC documents 
• Report mentioning details regarding the usage of Business Loan Amount
• Proof of Business 

How to apply for Tata Capital Business Loans? 

You can apply loan online or Offline 

Online : 

• Visit tata capital’s official website.
• Click on the Business loans online application
• Fill in the details asked for.
• Submit all the documents required 
• Your documents will verify and this may include a personal discussion with you.
• If everything is okay the loan will approve.
• After approval, the requested loan amount will transfer to your bank account. 

Offline : 

• Visit your nearest Tata Capital branch with all the documents required, their lending professionals will help you to apply for your loan. 

Fee and Other charges 

• The interest rate starts at 19% per annum. 
• Processing fees applied onwards 1.5% of the loan amount. 
• Interest rates and a processing fee may differ, depending on the loan amount you required. 
• Interest on Overdue amount per month applied 3% + GST. 
• Document processing gee Rs. 1999+GST. 
• Foreclosure charges at 4.5% on remaining principal amount + Tax.
• Loan Cancellation charges 2% of the principal amount of Rs. 5750 w.e.h. + GST. 

Contact Details 

Call – 1860-267-6060 (9 am to 8 pm)

Email – contactus@tatacapital.com

Official Website – Tata Capital 

FAQs 

1] How to get h a tata capital Business loan? 

Apply online or call 1860-267-6060 to get a Business Loan. You can also contact us by e-mail at contactus@tatacapital.com or by visiting one of our branch offices.

2] For taking a business loan with Tata Capital, do collateral security required? 

No, Collateral security does not apply for taking a loan through Tata capital. 

3] How much my credit score should be to apply for a loan with Tata Capital? 

You required a credit/CIBIL of 700 and above. 

4] What is the repayment mode available? 

Postdated cheques, Electronic Clearance Service (ECS), or Direct Debit are all options for repayment.

5] How long will it take for me to repay the loan?

You can repay your business loan for up to 36 months.