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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:

1

Online Application

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

2

Document Submission

Upload the required documents on our website.

3

Verification

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

4

Loan Approval

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

5

Disbursal

Receive your business loan amount in your bank account.

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Avail TATA Capital loans directly from 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.

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

    • 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?

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.

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

Learn More

Business Loan in Mumbai

Get the best loan interest rates in Mumbai. Connect with Tata Capital in your city.

Learn More

Business Loan in Hyderabad

Fund your unforeseen expenditures in the city of pearls, Hyderabad with Tata Capital.  

Learn More

Business Loan in Pune

Enjoy customised Business Loans in Pune. Find more at Tata Capital.

Learn More

Business Loan in Chennai

Facing a cash shortage in Chennai? Head over to Tata Capital for affordable Business Loans.

Learn More

Business Loan in Kolkata

Enjoy customised Business Loans in Kolkata. Find more at Tata Capital.

Learn More

Business Loan in Jaipur

Manage unforeseen expenses with ease. Tata Capital has your back.   

Learn More

Business Loan in Vishakhapatnam

Avail our multi-purpose business loans to meet your unique requirements. Connect with Tata Capital.

Learn More

Business Loan in Ahmedabad

Get access to credit quickly at affordable interest rates. Find more at Tata Capital.

Learn More

Business Loan in Lucknow

Finance your goals and meet your capital requirements. Connect with Tata Capital.

Learn More

Business Loan in Coimbatore

Are you facing a cash crunch? Connect with Tata Capital to know more. 

Learn More

Business Loan in Nagpur 

Fund your goals with ease. Know more at Tata Capital.

Learn More

Business Loan in Kanpur

Secure hassle-free funding with ease. Connect with Tata Capital to know more.

Learn More

Business Loan in Salem

Fund your goals with ease. Know more at Tata Capital. 

Learn More

Business Loan in Raipur

Meet the short-term financial requirements of your business. Know more. 

Learn More

Business Loan in Patna

Manage your company’s cash flow. Know more at Tata Capital.

Learn More

Business Loan in Madurai

Secure hassle-free funding with ease. Connect with Tata Capital to know more.

Learn More

Business Loan in Kozhikode

Grow your business with Tata Capital. Know more. 

Learn More

Business Loan in Kochi

Fund your goals with ease in Kochi. Know more at Tata Capital. 

Learn More

Business Loan in Jodhpur

Enjoy a seamless process to avail Business Loans. Connect with Tata Capital

Learn More

More Business Loan products for you

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Business Loan for professionals

At Tata Capital, we provide business loans for professionals with benefits like easy eligibility criteria, minimum documentation, and quick disbursals. 

Apply Now
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Business Loan for women

At Tata Capital, we provide business loans for women entrepreneurs to achieve new heights in the world of business and startups.

Apply Now

What our customers say about us

Overall the experience was good and hope to continue the same. Also Tata Capital executive were nice and polite from the beginning.

Prasenjit Sen

Loan Against Property | 13 January, 2023

Thank you TATA Group for making India proud with all your hassle free and excellent services, Thanks Team

PRAMOD LINGSHETTY PATIL

Personal Loan | 31 December, 2022

I want to thank Tata Capital for giving Loan, During the process I was kept updated. Wanted to thank Tata Capital executive for answering my queries and keeping me updated on Status. Thank you

G BHASKAR

Personal Loan | 30 December, 2022

This is surprisingly easiest way to avail personal loan. I am completely happy with the service provided. Thank you team TATA CAPITAL!

Venugopal Raju

Personal Loan | 28 December, 2022

I was impressed with the way your staff handles their customers and if i come accross any family or friend who may be looking for any financial assistance, I shall surely recommend Tata capital

SHEELA AVINASH PATEL

Business Loan | 24 December, 2022

One of the best Mobile App, Tata capital only took 3-4 working day for loan approval.

ARJUN KUMAR

Personal Loan | 23 December, 2022

The services of Tata Capital is very good.. Approval process, loan charges are not hidden, every aspect was explained to me by Tata Capital executive before taking loan, very good transparency. Keep it up..

Prasanna Shriram Agashe

Personal Loan | 10 December, 2022

Excellent customer service with clarity and politeness. Thanks to TATA Capital having wonderful field staff.

S hari Haran

Two Wheeler Loan | 08 December, 2022

I am very happy that I got timely loan in my worst time.

THAKOR BHIMABHAI SHANKARJI

Personal Loan | 07 December, 2022

Read All

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#businessloan

Know more about Business Loans

Thinking of expanding your business?  Want to take your business to new heights? From expanding your operations to upgrading your equipment, Tata Capital has got your back! Let Tata Capital business loans fuel your entrepreneurial spirits and help turn your business dreams into reality!

8th May 2020 0:55

Popular FAQs

What is a Business Loan?

Every business, irrespective of its size and age, requires funding from time to time. A business loan can help you avail of the required business funding, and then repay the loan amount in Equated Monthly Installments or EMIs. You can apply for a business loan to meet various short-term and long-term financial requirements of your business, such as getting access to working capital, hiring new employees, buying new equipment, upgrading workplace infrastructure, procuring inventory, or leasing new premises for business expansion.

Why should I apply for a Tata Capital Business Loan?

You can apply for a business loan with Tata Capital to meet all the financial requirements of your business. At Tata Capital, we provide an instant business loan so that you don’t have to wait to expand your business. Here’s why our business loan can be the best option for you:

  • Loan with no security or guarantor required

  • Flexibility to choose from repayment options

  • Exclusive pre-approved offers to existing customers

  • Online self-servicing to access all loan details via Mobile App & WhatsApp 

  • Unsecured business loans up to Rs. 75 lacs

  • Minimum documentation to apply and quick approval. Track your loan application

What are the documents required for a Business Loan?

At Tata Capital, we provide business loans with easy eligibility and minimal documentation. Here are the business loan documents that you will need to submit to avail of a business loan from us:

  • KYC documents, including a photo ID and address proof

  • Business proof, such as business registration certificate, trade license, GST registration certificate, or a certified copy of the partnership deed agreement or sole proprietorship declaration

  • Income proof, such as the last two years' income tax returns (ITRs) and computation of income, last two years' audited financial with tax audit report, 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.

Who can get a Business Loan?

We offer business loans for self-employed professionals (doctors, CAs, etc.) as well as non-professionals. Here is a list of customers that can apply for a business loan from us:

  • Self-employed individuals

  • Proprietorship firms

  • Partnership firms

  • Limited liability partnership firms

  • Private limited companies

  • Closely held public limited companies

  • Hindu undivided families (HUFs)

  • Trusts and societies

What are my options to repay a Business Loan?

At Tata Capital, ensuring customer convenience is our top priority. That is why we allow the repayment of business loan EMIs through various payment instruments. You can choose to pay your EMIs through a direct debit facility, post-dated cheques (PDCs), or electronic clearance service (ECS). To pay your loan’s overdue amount, please click here.  

How can I apply for a Business Loan?

With Tata Capital, you can apply for an online business loan by clicking here. Or call our customer helpline number 1860 267 6060 to apply for a business loan through your phone. You can even visit your nearest Tata Capital branch by clicking here.

Can I get a Business Loan without collateral?

Yes. At Tata Capital, we don’t ask for collateral or security for providing business finance. This means you don’t have to put your personal or business assets on the line to qualify for business funding. Our business loans are 100% collateral-free.

How to get a Business Loan approved for an online business?

If you are running an online retail store or an e-commerce website, you can apply for a business loan with Tata Capital for your working capital requirements. To get your online business loan approved, you must fulfill the following eligibility criteria:

  • Your CIBIL score should be above 700

  • Your business turnover must show an upward trend

  • A CA should audit your balance sheet

Will a Business Loan affect my credit score?

Yes. If you have taken a business loan for your sole proprietorship business or partnership business, it will reflect in your personal credit report. If you fail to repay your business loan on time, your credit score might be impacted. However, if your company is an LLC, your business loan would affect only your business credit score and not your personal credit score.

How does a Business Loan affect taxes?

By availing of a business loan in India, you can reduce your taxable income. Any interest levied on a business loan is eligible for tax deductions since the interest paid on a business loan is considered to be a business expense and not revenue. However, the principal component of a business loan is not tax-deductible.

Am I eligible for a Business Loan?

Business loan eligibility criteria can vary from one lending institution to another. To become eligible for a Tata Capital Business Loan, you need to fulfill the following requirements:

  • 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 

For more details on our business loan eligibility criteria, visit our Business Loan Overview page.

Do I need to have a business account to get a Business Loan?

A business account is not mandatory to get a business loan if you are running a sole proprietorship business. However, for a partnership business, corporation, or LLC, having a business account is mandatory for getting a business loan. 

How much EMI do I need to pay for my Business Loan?

Your business loan EMI would depend on several factors, such as your business loan amount, loan tenure, and the applicable business loan interest rate. You can use our online Business Loan Calculator to know the exact EMI that you would have to pay for your business loan.

What is the maximum amount of Business Loan I can take?

At Tata Capital, we provide business loans of up to Rs 75 lakh. However, the maximum business loan amount you can take will depend on your business loan eligibility and credit score. By having a good credit score and a profitable business, you can avail of the maximum loan amount.

How long can I take to repay my Business Loan?

With Tata Capital, you can take up to 60 months to repay your business loan. You have the flexibility to select a business loan tenure as per your repayment capability. You can even choose from different EMI plans to repay your business loan as per your income cycle.

Is the loan interest rate fixed or floating?

At Tata Capital, the interest rate for a business loan is fixed. It means that your business loan interest rate and the EMI would not change during its repayment tenure. Our interest rate starts from - Self-Employed Non-Professional: 15% - 25%, Self-Employed Doctors: 12.00% - 15.00%, Self-Employed Professional Other than Doctors: 13.00% - 17.50%

What are the Flexi EMI Plans available to me?

At Tata Capital, we offer two types of Flexi EMI plans for business loan repayment:

  • Step Up Flexi EMI Plan

    • This repayment option allows you to pay lower EMIs in the beginning and as your income grows you pay higher EMIs.

    1. Provides higher Business Loan eligibility

    2. Pay more when you can afford

    3. Helps to manage income flow efficiently.

  • Step Down Flexi EMI Plan

    • Step Down Flexi EMI Plan offers flexibility to pay higher EMIs in the beginning and lower ones at the end.

    1. Reduces interest substantially

    2. Helps in finance management

    3. Provides higher Business Loan eligibility,

    Ideal if: You have a high disposable income.

How to apply for a Business Loan?

You can apply for an instant business loan with Tata Capital and get on-the-spot approval for business funding. To apply for a business loan with us, you can take any of the following routes:

  • Online: You can apply for a business loan online through our website. The process should not take you more than 10 minutes 

  • Phone: Call our customer helpline number 1860 267 6060 between 9 am and 8 pm Monday through Saturday to apply for a business loan through your phone

  • Branch: Visit your nearest Tata Capital branch with the required business loan documents. Our executive will guide you through the business loan application process

What are the qualifying criteria for Business Loan approval?

You can apply for business loan if your business has,  

  • Turnover of Rs. 50,000+ per annum.

  • Age of Business is 2 years or more.

  • 6 Months Average Bank Balance is Rs. 10,000/- or more.  

How do I know the status of my Business Loan application?

You can track your loan application by clicking here. Additionally you can contact your sales representative for more details.

In case there is any issue, please call us on 1860-267-6060 or e-mail us at contactus@tatacapital.com or visit any of the nearest Tata Capital branch by clicking here.

What are the different channels for servicing?

Tata Capital offers several Ways to Service: 

  • Say ‘Hi’ on Tata Capital’s WhatsApp number 75067 56060 from your registered mobile number.
  • Login to Tata Capital’s Mobile App. To download and know about mobile app features, click here.
  • Log into Tata Capital website
  • Call our Customer Care Number 1860 267 6060
  • Email Us

For a new loan requirement

contactus@tatacapital.com

Tata Capital Financial Services Limited

Consumer Loans

customercare@tatacapital.com

Corporate Loans

contactcommercialfinance@tatacapital.com

Tata Capital Housing Finance Limited

Home Loans

customercare.housing@tatacapital.com
  • Visit Tata Capital’s service branches. To know your nearest branch, click here.
  • SMS Servicing - Send an SMS from your registered mobile number to 97059 66060. To know more details, click here.
  • Interact with TIA to know more about Tata Capital's products and services. TIA is also available on Google Assistant & Alexa.

 

What are the different types of Charges that can be levied in a Business loan?

    Loan Type

    Interest Rate

    Business Loan

    19%
I want to change the bank from which my EMI is being debited.

    For Retail Loans:

    Please click here to know if your bank is a participant for digital E-NACH

    If your bank is a participant in digital E-Nach registration.

    • Raise the request by logging into Tata Capital’s website. Login here.
    • You may also send us a request via email on customercare@tatacapital.com with a scanned image of your cancelled personalized cheque (with your name printed on it) of your new bank account or the account statement having the bank’s details with IFSC (Indian Financial System Code). After receiving the request with the document, we would send you an SMS with E-NACH registration link to your registered mobile number. 
    • You are requested to complete the E-NACH registration by clicking on the link. Once registration journey is completed successfully, the new bank account details will be updated in our records.

    Note: Requests submitted between 27th day of the month & EMI due date, upcoming EMI will be debited from the existing bank account. Subsequent EMIs will be debited from new Bank account, post mandate is registered successfully.

    Example - In the scenario of EMI due date on 3rd of every month. If the request is submitted between 27th September – 3rd October, October month’s EMI will be debited from existing bank account. New bank account will be debited from November month.

    If your bank is NOT a participant in digital E-Nach registration.

    Since your bank does not participate in digital e-NACH registration, we would need some physical documents from you. You can contact us to place a request for your Bank NACH change. Our service executive will connect with you on your registered mobile number to fix an appointment as per your convenience to collect the below documents.
     

    1. Photocopy of a cancelled personalized cheque from the new desired bank account

    2. Your consent and signature on the new NACH mandate form (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.

How do I download the NOC for Business Loan Account?

NOC will be dispatched to your registered Address within 5 working days from the date your loan closure. 

In case you need us to send the NOC on any other address or at your nearest branch, you can contact us or visit the branch.

Your CIBIL score will automatically get updated after a month of your loan closure.

How do I download my Business Loan’s Statement of Account?

    You will be redirected to the Log-in page where you can select the Loan Account Number and will be able to download the Welcome Letter of your Loan Account. You can login via registered mobile number/registered email ID and OTP or via User ID and password.

Find the right Loan for you

Machinery Loans

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.

Know More

Machinery Loans

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MSME Loans

MSMEs are the second-largest employer in India after the agriculture sector.

To help these MSMEs grow and flourish without being affected by financial hurdles, Tata Capital offers MSME loans or SME loans at competitive interest rates.

Know More

MSME Loans

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Overdraft Loan

If you’re unsure of the total loan amount that you may need for your business, you can avail of a business loan overdraft facility or an overdraft business loan.

With Tata Capital, you can get an OD loan for business of up to Rs. 75 lakhs at an affordable interest rate.

Know More

Overdraft Loan

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Small Business Loan

Tata Capital’s small business loans are tailor-made loans to help micro and small businesses in India meet their urgent monetary requirements.

You can apply for a new small business loan online and get the funding from the comforts of your home or office.

Know More

Small Business Loan

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