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BUSINESS LOAN

What is a Business Loan?

A business loan is an unsecured credit you can avail to meet your growing business's urgent requirements. Business loans allow you to usher in funds for your enterprise to expand your existing business, boost production, take your operations online, buy new machinery, and more. The quick infusion of cash through business finance enables you to make necessary purchases and payments on time ensuring smooth business functioning.  

Whether you plan on equipping your workforce with the latest technology or a new store launch is in the wind, cover your expenses with Tata Capital's easy business loans2020 has left many businesses volatile, and our multi-product business finance offerings are tailored to assist with your specific requirements. Smartly manage your company's cash flow with our structured business loan EMI options and extended loan tenures.

Secure business loan amounts as high as 75 lakhs at high loan eligibility from Tata Capital. What's more, you can avail of online business loans with swift processing because we don't make you stand in queues or burden you with heavy paperwork.  

Disclaimer: Business Loans are originated and serviced by Tata Capital Financial Services Limited (TCFSL) and are at its sole discretion. Terms and conditions apply.

Know more about our offerings

Key Features

Loan Amount

₹5,00,000 - ₹75,00,000 

Loan Tenure

12 - 36 months

Interest rate starting at

19%

Advantages of Business Loans

Multi-purpose Loans

Our business loans are flexible and can be customised as per your business requirements. Fund your working capital, update your machinery, or support your enterprise’s financial health with our unique multifunction business loans.

No Security

Avail collateral-free business loans at Tata Capital. There is no requirement to put your professional or personal assets on the line to secure financing. 

Structured EMI Plans

Our business loans offer extended loan tenures from 12 to 36 months to ensure you repay your funds comfortably. Moreover, you can decide your monthly loan repayment instalment as per your business cash flow. 

Simple Documentation and High Eligibility

Getting a loan in Tata Capital is easy. Our loan application and approval process requires basic paperwork and fulfilling relaxed eligibility conditions. 

Multi-purpose Loans

Our business loans are flexible and can be customised as per your business requirements. Fund your working capital, update your machinery, or support your enterprise’s financial health with our unique multifunction business loans.

No Security

Avail collateral-free business loans at Tata Capital. There is no requirement to put your professional or personal assets on the line to secure financing. 

Structured EMI Plans

Our business loans offer extended loan tenures from 12 to 36 months to ensure you repay your funds comfortably. Moreover, you can decide your monthly loan repayment instalment as per your business cash flow. 

Simple Documentation and High Eligibility

Getting a loan in Tata Capital is easy. Our loan application and approval process requires basic paperwork and fulfilling relaxed eligibility conditions. 

What are the Types of Business Loans?

  • Business Loan for Women

Are you a self-reliant businesswoman looking to boost your working capital and scale business operations? Fund your expenses with women entrepreneurs’ loan from Tata Capital. Know More

 

  • MSME/SME Loans

Your short and long-term business requirements need a steady cash flow if you are a small or medium-sized enterprise. Avail an MSME/SME loan from Tata Capital and fulfil your business goals. Secure Now

 

  • Machinery Loan

First-rate machine infrastructure and the latest technology are the need of every business. Avail a machinery loan and fund your tools easily.  Tell Me More

When Should You Choose a Business Loan?

  • Expansion

Continuous business growth is marked with proliferating sales and multiplying profits. When expansion is your next step, opting for business loans can easily cover the short-term expenditure and various intermittent expenses. That way, your operational funds will remain intact as you bring in more sales with expansion.

  • Inventory

Finished goods, raw materials, merchandise, and the rest of the inventory keeps the business operations going. An operational enterprise needs substantial capital to grow and loaded stock to cater to continuous consumer demand. Availing a business loan can assist your inventory management strategies and ensure offsetting of inventory cost without afflicting your income.

  • Cash Flow

Cultivating a steady stream of cash is critical for growing, budding, or struggling businesses. Inconsistent cash flow can affect your everyday costs of utilities, rent, staff, and inventory. Taking a business loan can help manage costs and sustain the business during tough times. Maintaining a certain working capital level helps you in crunch times or during the off-season in operating your business.

  • Equipment

Workforces are nothing without the latest equipment backing their efforts. Purchases to repair, replace, and upgrade various kinds of machinery arise pretty often and acquiring the best-quality equipment is necessary. In such scenarios, business loans are ideal in offering a quick influx of money so that your business doesn't suffer due to broken or outdated equipment.

What is business loan eligibility?

Business loan eligibility comprises basic conditions like CIBIL score, age, business turnover, and more that candidates must fulfil to avail business finance.

 

Business Loan Eligibility Criteria:

  • Age should be between 25 to 65 years

  • CIBIL score must be 700 or more

  • Candidate should own a business at least profitable for three successive financial years

  • The business turnover must display an upward trend

  • Your balance sheet be audited by a registered Chartered Accountant (CA)

What are the Documents Required for Business Loan?

Following documents are required for availing a business loan

  • Last six months’ company bank statements

  • Last two years Income Tax Returns

  • Last two years balance sheet and Profit & Loss accounts

  • KYC documents of the company

  • KYC documents of the business owners

  • A report with detailed information about how the candidate will utilise the business loan

  • Photo identity proof (Aadhar card/ Driving license/ Voter ID/ Passport)

  • Bank statements

  • Business proof

What is a Business Loan EMI Calculator?

An EMI calculator helps you understand the business loan EMI amount that you will be paying towards the interest payment and principal payment over the overall loan tenure. You can utilise a business loan EMI calculator to determine the money you will pay every month over a stipulated course of time to repay your loan completely. In tune with the business loan instalments, you can also plan your monthly budget and other business expenses to ensure a timely repayment.

How to Apply for a Business Loan?

Running a business is a challenging job in itself, but a loan application shouldn't be. Simply avail a Tata Capital business loan and apply in the following ways:

  • Request a call back by contacting Tata Capital’s customer care number.

  • For an instant business loan application, you can also get in touch with TIA- our virtual assistant available 24/7.

  • Visit the nearest Tata Capital branch and connect with our lending expert to apply.

  • You can also visit our website to file a business loan online application. Just select your loan amount and business loan tenure. Submit your filled application and receive the funds directly in your bank account.

Get loans faster with our simple application process

Steps 1

Online Application

You can apply for a business loan by just filling up your basic details.

Step 2

Document Submission

Post receiving your loan eligibility, furnish the required business loan documents to take your application ahead.

Step 3

Verification

We will verify your business loan application; and submitted documents. This may involve a personal discussion with you.

Step 4

Post Approval

Post-approval, the loan is sanctioned.

Step 5

Disbursal

Receive the required business loan in your bank account - it's that simple!

There you go! Simple, isn’t it?

What are the Business Loan EMI Options Available?

  •  Fixed EMI

Under the Fixed EMI feature, the principal component and the interest amount charged over the loan tenure is fixed. This is a fixed business loan since the monthly instalment is the same for the entire loan period. The business loan repayment method is ideal for you if you have a steady and consistent income source.

  • Structured EMI

Tata Capital’s structured EMI plan enables you to choose a repayment process that is best suited to your salary and other expenses. This flexi business loan offers customised business loan EMI options. The EMI plan is perfect for you if you are expecting an increase in your income at regular intervals. 

PLANNING TO TAKE A BUSINESS LOAN?

With Tata Capital's Business Loans, your quest for funds to set-up or expand your business ends here. We understand your need for quick and easy loans to make the best of the opportunities available. Our flexible Business loans can help scale your business to new heights while keeping in mind your unique business requirements. Watch this video to know more about our Business Loan offerings.

FAQ

A business loan is an unsecured form of credit designed to fund the various capital needs of a business. Using different types of business loans, companies can scale new heights with increased manpower, advanced equipment, and faster turnaround time.

Here’s why our Business Loan is the perfect match for you:

  • We don't ask for any security or guarantor for our Business Loan
  • You get the flexibility of choosing from business loan repayment options
  • For our existing customers, we regularly provide exclusive pre-approved offers on business loans
  • Convenient Online access to all details regarding your business loan.
  • We offer unsecured business loans up to ₹ 75,00,000
  • We seek minimum documentation
  • We give you quick online approval once you share the minimum documents we need

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

Business loans are available to both professionals and non-professionals that are self-employed. Business loans interest rates are highly competitive and are typically approved quickly. The following types of companies can secure business loans –

  • Sole proprietorship

  • Partnership firm

  • Private limited companies

  • Closely-held public limited companies

  • Societies

  • Trusts

  • Hospitals, nursing homes, diagnostic centres, pathological labs 

A typical structure of a business loan involves a lending institution extending capital to a business owner, for which interest is charged. The business owner must pay back the business loan amount along with the applicable interest, in the form of Equal Monthly Instalments (EMIs), over a predetermined period of time known as loan tenure.

Three core components make up a business loan –

  • Principal amount – Also known as the loan amount, the principal is the sum of money a business owner borrows from a lending institution.

  • Rate of interest – The rate of interest is the cost of borrowing the business loan, generally expressed as a percentage of the principal amount. This is the amount that you need to pay in addition to the principal loan amount.

  • Loan Tenure – The tenure is the period for which the business loan is borrowed. Business loan tenure is calculated from the date of first disbursement till the date of payment of the final disbursement. 

To avail a business loan, one must ideally have a CIBIL score of 700 or above. The same is true for both self-employed professionals such as doctors and engineers as well as self-employed non-professionals such as suppliers or manufacturers.

CIBIL or credit score plays a huge role in determining business loan eligibility. Since a company’s CIBIL score is its credit footprint, it enables lenders to know the timely repayment ability of the business loan applicant. 

Business loans are typically short-term loans. Though business loan tenure may differ from lender to lender, most lending institutions extend business loans for a tenure ranging from 12 months to 36 months. 

Lending institutions offer different types of business loans, designed to meet specific needs. They are as follows –

  • Machinery loans – Machinery loans are designed exclusively to meet the expansion needs of businesses via the purchase of advanced machinery and equipment.

  • MSME/SME loans – Designed to encourage the growth of small and medium-sized business enterprises, MSME/SME loans is a credit facility that can be availed for purchasing equipment, meeting operational expenses, and upgrading infrastructure.

  • Business loans for women – These loans are extended to women business owners to help them expand their business and push them towards financial independence. 

The amount of business loan EMI that you will be required to pay towards the repayment of your business loan will largely depend upon three factors, as given below –

  • Principal loan amount – The higher the principal amount, the higher will be the EMI amount you will need to pay.

  • Rate of Interest – The higher the rate of interest, the higher will be the EMI amount you will need to pay.

  • Loan Tenure – The EMI is inversely related to the loan tenure. The shorter the loan tenure, the higher will be the EMI amount you will need to pay.

    For a quick and accurate assessment of your business loan EMIs, use a handy online tool such as the business loan EMI calculator

You can get a business loan from the lending institution of your choice in a number of ways, depending upon your convenience and the options offered by your lender.

  • Visit a nearby branch

  • Apply online via the lender’s website

  • Talk on call with the lender’s relationship managers

  • Send an email to your lender’s customer support mail address

  • Use the lender’s 24x7 virtual assistant feature

To avail a business loan with Tata Capital, simply apply for a business loan online or call on 1860-267-6060. You can also mail us at contactus@tatacapital.com or visit any of our branches.                     

Yes, just as your CIBIL score has a say in your business loan approval, your repayment of the business loan will affect your future credit score. Timely payment of loan EMIs will pose you as a low-risk borrower in the eyes of future lenders and hence, will enhance your CIBIL score. 

Business loans can be availed for a variety of reasons. You can use different types of business loans to purchase infrastructure for expanding operations, to increase production via the purchase of new and advanced machinery, to purchase and store inventory in advance of seasonal sales, to build a workforce of skilled employees, and to increase working capital. 

Yes, you can get a business loan without any collateral or security. 

Find the right loan for you

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