What documents do I need to apply for a business loan?

Tata Capital offers you business loans with easy eligibility and minimal documentation. Here's the list of documents required to avail of a business loan- KYC documents, including a photo ID and address proofBusiness proof, including business registration certificate, GST registration certificate, trade licence, or a certified copy of the partnership deed agreement or sole proprietorship declarationIncome proof, such as the last two years' income tax returns (ITRs) and computation of income, the last two years audited finances with the tax audit report, the last two years profit-loss statements, or balance sheet (duly audited by a chartered accountant)Current account bank statements and GST returns for the last six months You may also require some additional documents at the time of loan processing. Visit the documents required page for more details.

What are the Flexi EMI Plans available to me?

Tata Capital offers two types of Flexi EMI plans for business loan repayment-Step Up Flexi EMI Plan: This repayment plan lets you pay lower EMIs at the beginning of the tenure and gradually increase the EMI as your income grows. This plan helps you manage your loan repayment as per the income flow.Step Down Flexi EMI Plan: This repayment plan allows you to pay higher EMIs initially and then decrease them gradually. This plan helps you reduce your interest outcome.

What are the qualifying criteria for Business Loan approval?

At Tata Capital, the qualifying criteria for business loan approval are quite simple. Here are the requirements you need to fulfil-Turnover of Rs. 50,000+ p.a.Minimum two years of business stabilityBusiness should be profitableA minimum banking balance of Rs. 10,000

What are the different channels for servicing?

Tata Capital offers various Ways to Service: Say 'Hi' on Tata Capital's WhatsApp number, 7506756060, from your registered mobile number.Login to Tata Capital's Mobile App. Download the Tata Capital mobile appLog into the Tata Capital websiteCall our Customer Care Number 1860 267 6060Email Us at contactus@tatacapital.com for a new loan requirementVisit Tata Capital's service branches. Find your nearest branchSend us an SMS from your registered mobile number to 97059 66060.Interact with TIA to learn more about Tata Capital's products and services. TIA is also available on Google Assistant & Alexa.

I want to change the bank from which my EMI is being debited.

Here's how you can do it-For Retail Loans:Click here to know if your bank is a participant in digital E-NACHIf your bank is a participant in digital E-Nach registration, then follow these steps-Raise the request by logging into Tata Capital's website. Login here.You can also send us a request via email at customercare@tatacapital.com with a scanned image of your cancelled cheque (with your name on it) of your new bank account or the account statement with the bank's details with IFSC (Indian Financial System Code).After receiving the request with the document, we will send you an SMS with an E-NACH registration link to your registered mobile number.You are requested to complete the E-NACH registration. Once you've successfully registered, the new bank account details will be updated in our records.If your bank is NOT a participant in digital E-Nach registration, here's what you need to do-Since your bank is not a part of digital e-NACH registration, you need to provide some physical documents. You can contact us to place a request for your Bank NACH change. Our service executive will contact you on your registered mobile number to fix an appointment at your convenience and collect the below documents.1. Photocopy of a cancelled personalised cheque from the new bank account2. Your consent and signature on the new NACH mandate form (the executive will carry this form along with him)Please note that it takes about 30 days for the NACH to be registered with the bank.Note: EMI will be presented to the existing bank till the time your new bank account gets updated in our records.

Get Business Loans Online up to ₹50 Lakhs Instantly

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Business Loans By Tata Capital

Every business, irrespective of its size and nature, requires funding from time to time. A business loan is an unsecured credit that can help you meet your growing business’ urgent financial requirements. You can apply for a business loan to usher in the funds required to expand your existing business, boost its production, take your business online, procure inventory, buy equipment, and much more.

You can apply for a business loan with us and get business finance of up to Rs. 75 lakhs. You can avail of our online business loan from the convenience of your home or office. We won’t make you run from pillar to post or burden you with endless paperwork. Additionally, you can choose a suitable tenure to repay your business loan amount at your convenience.

Loan Amount

₹ 0.40 lakh to ₹ 75 lakhs

Loan Tenure

12 to 60 months

Self-Employed Non-Professional Interest rate starting @

15%-25%

Self-Employed Doctors Interest rate starting

@ 12.00%-15.00%

Self-Employed Professional Other than Doctors Interest rate starting

@ 13.00%-17.50%

Advantages of Tata Capital Business Loan?

Customized Loan Amount

With Tata Capital, you can get business finance of Rs. 0.40 lakh to Rs. 75 lakhs. You can choose your business loan amount as per your precise requirement.

Flexible Loan Tenure

Choose your business loan tenure as per your repayment capability. You can select your loan tenure between 12 months to 60 months.

Term Loan or OD

We offer various business funding options for its customers. You can either apply for a term loan, wherein you’re required to pay fixed EMI for the entire loan tenure, or a Dropline Overdraft Facility, where you would have to repay only the amount used by you, along with interest.

Minimum Documentation

We approve business finance with minimal documentation. We ask only for a handful of documents to approve business loan applications. You can avail of an online business loan and simply upload the required documents on our website.

Quick Approval and Fast Disbursal

We provide fast approvals for business loan applications. You can apply for a business loan and get the finances in your bank account with minimum delay. We ensure a swift disbursal process.

No Collateral Required

Another reason to apply for a business loan with us is that you’re not required to pledge any collateral for it. You can easily avail of business finance without putting your personal or professional assets on the line.

Doorstep Services

We provide doorstep services to make your borrowing experience hassle-free. You can simply apply for a business loan with us, and we will arrange for the doorstep pickup of the required documents. Our executive will be there to assist you in every step.

Get Business Loan with Our 5-Step Application Process

Tata Capital offers online business loans in India through its 5-step application process:

Online Application

Just fill in the required details in our online business loan application form.

Document Submission

Upload the required documents on our website.

Verification

Wait for the verification of your business loan application and submitted documents.

Loan Approval

After successful verification of the documents, we will approve your business loan application.

Disbursal

Receive your business loan amount in your bank account.

Avail TATA Capital loans directly from WhatsApp

Apply via WhatsApp

When Should You Choose a Business Loan?

Several lending institutions offer business loans in India to help business owners meet their urgent cash-flow requirements.
Usually, you can apply for a business loan for the following purposes:

Expansion of Your Business

Sometimes, you may need finances to fund the expansion of your business. This may include adding a new dimension to your existing business or procuring new spaces for expanding your reach. The best way to get business funding for expansion is a business loan.

Purchase Raw Materials

If you’re into a manufacturing business, you may need continuous funding to procure raw materials or inventory. During peak seasonal fluctuations, you may need additional funds to stack up a large volume of inventory. A business loan can be of great help in such a situation.

Shortage of Cash-flow

Ensuring a steady stream of cash flow is critical for a growing business. A shortage of cash flow can have a detrimental impact on your business. A business loan can help you maintain a healthy cash flow even during crunch times or off-seasons.

Buy the Latest Equipment

In the competitive world, no business can survive without the use of cutting-edge technology. However, the sky-rocketing costs can sometimes deter business owners from upgrading their business equipment. In such scenarios, a business loan can ensure that they don’t have to suffer.

What Types of Business Loans are Available with Tata Capital?

With Tata Capital, you can avail of an instant business loan with zero collateral and minimum paperwork. Here are the different types of business loans available with us:

Business Loan for Women

If you’re a self-reliant business woman looking to boost your working capital and scale business operations, you can apply for a business loan for women with us.

MSME/SME Loans

Being the owner of a small or medium-sized business, you may need funding from time to time to nurture your business. You can apply for MSME/SME Loan with us to fulfill your business finance requirements.

Working Capital Loan

Every business, be it big or small, needs working capital to maintain its day-to-day operations. By availing of a working capital loan with us, you can ensure the smooth functioning of your business.

Machinery Loan

If you’re into a manufacturing business, you may need to install the latest machinery or equipment in your factory. You can apply for a machinery loan with us to fund the purchase of your business-related tools or equipment.

Who Can Take a Business Loan?

Self-employed individuals, Proprietorship Firms, Partnership Firms, Limited Liability Partnership Firms, Private Limited companies, Closely Held Public Limited companies, HUFs, Trusts, and Societies are eligible to apply for a business loan with Tata Capital.

What is a Business Loan?

With Tata Capital’s new business loans, you can secure hassle-free funding and meet the short-term and medium-term financial requirements of your business. Whether you plan to equip your workforce with the latest technology, launch a new store shortly, or manage your company’s cash flow, our business loan offering with structured EMI options and extended tenures can be your perfect companion.

What are the Eligibility Criteria for a Business Loan?

At Tata Capital, we provide business finance with simple eligibility criteria and minimal documentation. You can apply for an online business loan and get hassle-free funding of up to Rs. 75 lakhs. Below are our business loan eligibility requirements you need to fulfill:

Your age should be at least 21 years at the time of applying for the business loan and not more than 65 years at the time of the last EMI

Your credit score should be at least 650 or more

Business should be profitable

Minimum 2 years business stability

Banking balance should be at least Rs. 5000

What is a Business Loan EMI Calculator?

When you take a business loan, you’re required to pay Equated Monthly Instalments or EMIs every month towards its repayment. Your business loan EMIs depend upon various factors, including your business loan amount, tenure, and the rate of interest.

A business loan EMI calculator is a simple online tool that can help you evaluate the EMI amount that you will need to pay every month for the repayment of your business loan. Your EMIs will constitute both - the repayment of the principal component as well as the interest component of your business loan.

Calculate EMI

Here’s the formula a business loan EMI calculator uses to compute business loan EMI accurately:

E = P x r x (1 + r) ^ n / [(1+ r) ^ n – 1]

Here, E is the EMI amount, P is the principal amount, r is the rate of interest applicable on a monthly basis, and n is the tenor or duration for which the loan is taken.

How to Apply for a Business Loan in India?

You can apply for a business loan in India with Tata Capital in the following ways:

Branch

You can visit your nearest Tata Capital branch with the required documents, and our executives there will guide you through the process.

Locate a Branch

How to Apply for a Business Loan in India?

You can apply for a business loan in India with Tata Capital in the following ways:

Online

You can visit the Tata Capital website and apply for an online business loan by filling out a business loan application form.

Apply Now

Over the Phone

You can contact our customer care number and request a call-back to apply for a business loan over the phone.

Request a Callback

Virtual Assistant

You can get in touch with TIA - our 24x7 virtual assistant, to apply for an instant business loan from your home or office.

What are the Available Business Loan EMI Options?

For your convenience, Tata Capital provides multiple EMI options on new business loans. Below are the available business loan EMI options:

Fixed EMI

Under the fixed EMI option, your business loan EMI would be fixed for the entire loan tenure.

This EMI option is ideal for you if you have a steady and consistent income from your business.

Structured EMI

Under the structured EMI option, you can choose a repayment process that’s best suited to your monthly income.

This EMI option is ideal for those who do not have a fixed or steady source of income.

Fostering MSME Growth in India

Tata Capital provides the best business loans in India to strengthen new-age entrepreneurs. Being an owner of a micro, small, or medium-sized enterprise (MSME), you can avail of our MSME loan to nurture and expand your business. We also offer business loans for new businesses at a competitive business loan interest rate to support new entrepreneurs. You can use our business loan calculator to know the EMIs that you would have to pay for your small business loan and plan your repayments accordingly.

Women entrepreneurs can apply for business loans for women and avail of some exclusive features and added advantages. Our eligibility criteria and the documents required for a business loan are the bare minimum. Furthermore, you don’t have to fret about how to get a business loan, as you can apply for it by filling out a business loan application form on our website, dialing our customer care number, or visiting your nearest
Tata Capital branch.

Instant Business Loans in your city

Tata Capital provides unique and flexible Business Loans for salaried individuals. Now that you know what is a businessl loan, the following can get a Business Loan from Tata Capital:

Business Loan in Bangalore

Need to manage immediate expenses in the Garden city of India? Take an instant Loan

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Business Loans By Tata Capital

Advantages of Tata Capital Business Loan?

Customized Loan Amount

Flexible Loan Tenure

Term Loan or OD

Minimum Documentation

Quick Approval and Fast Disbursal

No Collateral Required

Doorstep Services

Get Business Loan with Our 5-Step Application Process

Online Application

Document Submission

Verification

Loan Approval

Disbursal

Avail TATA Capital loans directly from WhatsApp

When Should You Choose a Business Loan?

Expansion of Your Business

Purchase Raw Materials

Shortage of Cash-flow

Buy the Latest Equipment

What Types of Business Loans are Available with Tata Capital?

Business Loan for Women

MSME/SME Loans

Working Capital Loan

Machinery Loan

Who Can Take a Business Loan?

What is a Business Loan?

What are the Eligibility Criteria for a Business Loan?

What is a Business Loan EMI Calculator?

How to Apply for a Business Loan in India?

How to Apply for a Business Loan in India?

Branch

How to Apply for a Business Loan in India?

Online

Over the Phone

Virtual Assistant

What are the Available Business Loan EMI Options?

Fixed EMI

Structured EMI

Fostering MSME Growth in India

Instant Business Loans in your city

Business Loan in Bangalore

Business Loan in Mumbai

Business Loan in Hyderabad

Business Loan in Pune

Business Loan in Chennai

Business Loan in Kolkata

Business Loan in Jaipur

Business Loan in Vishakhapatnam

Business Loan in Ahmedabad

Business Loan in Lucknow

Business Loan in Coimbatore

Business Loan in Nagpur

Business Loan in Kanpur

Business Loan in Salem

Business Loan in Raipur

Business Loan in Patna

Business Loan in Madurai

Business Loan in Kozhikode

Business Loan in Kochi

Get upto 95% of your car value and
book your dream car

Avail Digital Equipment Loans
up to Rs. 1 Crore

Avail Leasing solutions
for all asset classes

Sign in to unlock
special offers!

Avail Digital Equipment Loans
up to Rs. 1 Crore

Avail Leasing solutions
for all asset classes

Business Loan in Nagpur 