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BUSINESS LOAN

ABOUT BUSINESS LOANS

Whether you want to revamp your business, launch a new store, buy new machinery, increase working capital or outperform your competitors. Tata Capital Unsecured Business Loans offer you customised loans to suit your business plan. We provide quick and hassle free funding with flexible options to repay the loan to keep you ahead in business. With us, your future is secure.

At Tata Capital, we understand your world better as we have been in this industry for many years.  We take pride in partnering with you to provide the financial support, to route the funds in the right direction and give your business the boost you need.

With us, finding the loan that works for your business is easy and simple. We have taken the difficulty out from business loan application journey so that you can spend more time taking care of the business.

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

Multiple Product Offering

We offer the flexibility to create Business Loans with terms that meet your specific needs. Our business loan offerings are flexible and can be custom-built as per your business requirement.

No Security
There is no obligation whatsoever, our business loans are fully unsecured.
Structured EMI option
We give you the option and convenience to customize your monthly loan repayment instalment that is best suited for your company's cash flow.
High Eligibility
Our high eligibility means that we say ‘Yes’ when others may say ‘No’. We work together to help design a loan for business that best fits your budget.
Multiple Product Offering

We offer the flexibility to create Business Loans with terms that meet your specific needs. Our business loan offerings are flexible and can be custom-built as per your business requirement.

No Security
There is no obligation whatsoever, our business loans are fully unsecured.
Structured EMI option
We give you the option and convenience to customize your monthly loan repayment instalment that is best suited for your company's cash flow.
High Eligibility
Our high eligibility means that we say ‘Yes’ when others may say ‘No’. We work together to help design a loan for business that best fits your budget.

3 types of a Business Loan

  • Working Capital Loan

Money is the fuel that keeps your business going and if you don’t have the funds necessary for day-to-day operations, then the company will suffer. Our Working Capital Loan, will help you cover your funding needs so that you can run your daily operations smoothly.  

  • Machinery Loan

A business should run like a well-oiled machine and for that it needs to have functional machines and equipment. By taking a Machinery Loan you can update the present equipment or buy and lease the latest machines for your business. This will not only boost your overall productivity, but also ensure quality output.

  • MSME & SME Loan

Micro and Small and Medium Enterprises are the backbone of our society and economy. These businesses are the ones that primarily offer services that cater to the community and should have access to the right kind of support that will fuel their growth. So, if you are a MSME business owner, we provide small business loans that will give you and your enterprise the boost you deserve. 

What are the basic requirements in getting the Business Loan approved?

We’ve made sure that getting a Business Loan is simple and quick. For a swift approval:

  • Keep your personal details handy including your PAN number, Aadhaar Number, CIBIL score
  • Keep your business-related KYC details ready like PAN Card, Registration of Incorporation
  • Provide your last six month’s pay slip, address proof and bank statements


Learn more about Business Loan Eligibility and Required Documents for further details.

Application Process

Online Application

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

Document Submission

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

Verification

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

Approval

Post approval, the loan is sanctioned.

Disbursal

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

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.

4 reasons why you should get a Business Loan to stay ahead in business

  • Expansion

Growth is key in any business. When business is booming, expansion can help ensure that your profits don’t shrink. Business loans can help you cover the costs of expansion without taking away your operational funds so that you can watch your business grow.

  • Inventory

Inventory is the lifeblood of every retail, wholesale and seasonal business. Once your business is operational you’ll need finance to continually expand and reload your inventory to keep up with demand and to provide better options to your customers.  Taking a Business Loan will help you offset inventory cost and you can stay ahead of trends and customer demand without hurting your income.

  • Cash Flow

Cash flow is a challenge for most businesses if your business is seasonal or if you have customers who don’t pay for services on time or when you have unsold inventory that needs to be moved to bring in new products. This can impact your regular costs of inventory, staff, utilities, and rent or mortgage. A Business Loan can help you manage regular costs, and stay afloat when profits are low.

  • Equipment

Businesses often have the need to purchase, replace, repair or upgrade various kind of equipment. Equipment is expensive and essential for business to run at maximum efficiency and maximum productivity. Unplanned expenses like the repair or replacement of broken equipment can harm your budget. Business loan gets you the money you need at a fast turnaround so you can continue to run the business at its optimum level. 

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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