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Tata Capital offers hassle-free business loans of ₹25 Lakhs to help you meet your financial needs. Whether it’s for expansion, inventory, or working capital, our tailored solutions come with simple eligibility, competitive interest rates, and easy repayment options. Empower your dreams and take your business to the next level with us.
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.
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. 90 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 675 or more
Business should be profitable
Minimum 2 years business stability
Banking balance should be at least Rs. 5000
Please note that this business loan documents list is indicative. The exact documents required for business loan may vary from case to case based on our assessment program. However, the KYC documents and six-month bank statements are common business loan documents required in each case.
For default in payment of interest and/ or principal amounts – 3% per month on defaulted amount (Annualized Penal Charge of 36%)
These are those charges that are levied in case of an EMI bounce per instance. In other words, these charges are levied when you miss a personal loan EMI payment due to inadequate funds in your bank account. At Tata Capital, you’ll be required to pay Rs. 600 for every Cheque/Payment Instrument Dishonour.
Charges will be levied if EMI is due but valid instrument is not available for banking due to Mandate rejected by Borrower’s bank or EMI Post-dated cheques(wherever applicable) are not available. Tata Capital charges a nominal amount of Rs. 450
Apart from the interest rate and processing fee, lenders can levy several types of business loan charges to cover unforeseen expenses during the loan tenure. These charges may include document processing fees, collection fees, and foreclosure charges, among others.
First Year: 0.75% or ₹ 1000, whichever is higher per year, will be deducted from the limit and shall be payable at the end of the 13th month
Subsequent Years: 0.50% or ₹ 1000, whichever is higher per year, will be deducted from the limit and shall be payable at the end of the 13th month
₹ 1999
Soft Copy - Nil
Branch walk-in - ₹ 250
Foreclosure charges on Term Loan Facility:
Part-Prepayment/ Prepayment/ Foreclosure charges on Top-up:
Part-Prepayment/ Prepayment/ Foreclosure Charges in Dropline Facility:
2% of the loan amount or ₹ 5750, whichever is higher
₹ 550
Soft copy - Nil
Branch walk-in - ₹ 550
₹ 550
Soft copy – Nil
Branch walk-in - ₹ 199
₹ 850
As applicable
At Actuals
Charges Rs 850
At Actuals
At Actuals
At Actuals
At Actuals
At Actuals
At Actuals
Broken Period Interest amount and 1st EMI date depend on the date of disbursal and the final figures would be mentioned in the Welcome Letter
Note:
You can apply for a business loan in India with Tata Capital in the following ways:
You can apply for a business loan in India with Tata Capital in the following ways:
To qualify for a business loan, you must have a minimum CIBIL score of 675. A higher score can improve your chances of approval and help you secure better terms and interest rates.
With Tata Capital, you can avail of business loans at the most competitive interest rates starting at 13.25% p.a. for professionals and 16% p.a. for non-professionals. Moreover, we can determine the best interest rate for you depending on your loan eligibility, credit score, income, and other criteria.
Besides, when you apply for a business loan with us, the loan will include various charges, including processing fees, foreclosure charges, EMI bounce charges, etc., which will be disclosed at the time of loan processing.
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 proof
Business proof, including business registration certificate, GST registration certificate, trade licence, 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, 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.
Follow the steps below to apply for a business loan from Tata Capital:
Business Loan eligibility criteria can a vary from one lending institution to another. To become eligible for a Tata Capital Business Loan, you need to fulfill the following requirements:
For more details on our business loan eligibility criteria, visit our Business Loan Overview page.
We strive to make the loan repayment process super convenient for you with flexible payments. You can pay your EMIs via various payment instruments. We also allow EMI payment through a direct debit facility, electronic clearance service, or post-dated cheques.
Yes, at Tata Capital, you can enjoy 100% collateral-free loans to meet all your urgent business requirements.
Foreclosing a loan means making full repayment of the outstanding loan amount before the end of the scheduled EMI period. To foreclose a business loan, contact Tata Capital at 1860 267 6060 or email us at customercare@tatacapital.com.
With us, you can also avail of quick loans for your online business. Whether you run an e-commerce website or an online retail store, apply for a loan to fulfil your working capital requirements. You must fulfil the following eligibility criteria to ensure quick approval for your online business loan:
Your CIBIL score should be above 700
Your business turnover is showing an upward trend
Yes. If you have applied for a business loan for your proprietorship or partnership business, the loan will get reflected in your credit report. As a result, any late payments or EMI defaults will also negatively impact this credit score. However, if your business is an LLC, the business loan will only affect your business credit score and not your personal credit score.
The interest levied on your business loan is eligible for tax deductions because the interest payment on a business loan is a business expense and not revenue. This means you can reduce your taxable income when you apply for a business loan in India. However, note that the principal component of the loan is not tax-deductible.
If you're running a sole proprietorship business, having a business account is not mandatory. However, if you have a partnership business or an LLC, you must have a business account to get a business loan.
An MSME business loan from Tata Capital is a financial product specifically designed for Micro, Small, and Medium Enterprises. These loans help MSMEs manage their working capital needs, expand operations, or meet other business expenses.
To qualify for a business loan from Tata Capital, you must fulfil the following eligibility criteria:
Your business loan EMI will depend on several factors, including your loan amount, tenure, and interest rates. To get an idea of the EMI amount you need to pay, use our online business loan EMI calculator.
Tata Capital provides business loans of up to Rs. 90 lakhs. However, the maximum loan amount you can secure depends on your loan eligibility and credit score.
Tata Capital offers you a longer repayment tenure of up to 60 months. With us, you can easily pick a comfortable repayment tenure based on your business's financial needs and affordability. We also offer various EMI plans to repay the loan as per your income cycle.
At Tata Capital, the interest rate on your business loan is fixed. This means the interest rate and the EMI amount do not change during the course of the loan.
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.
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 stability
Business should be profitable
A minimum banking balance of Rs. 10,000
You can track the status of your business loan application. You can also contact your sales representative for details.
In case of any issues or queries, you can call us at 1860-267-6060. Additionally, you can also write to us at contactus@tatacapital.com or visit your nearest Tata Capital branch.
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 app
Log into the Tata Capital website
Call our Customer Care Number 1860 267 6060
Email Us at contactus@tatacapital.com for a new loan requirement
Visit Tata Capital's service branches. Find your nearest branch
Send 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.
You can get a business loan with Tata Capital at attractive interest rates starting at 12%-15% for self-employed doctors, at 13.25%-17.50% for self-employed professionals other than doctors, and at 16%-26% for non-professionals.
Here's how you can do it-
For Retail Loans:
Click here to know if your bank is a participant in digital E-NACH
If 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 account
2. 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.
Once your loan is closed, the NOC will be dispatched to your address within five working days. However, if you want to receive the NOC at a different address or at the nearest Tata Capital branch, you can contact us.
Once you log in to your account, you will be redirected to a page where you can select the Loan Account Number to download your Business Loan's statement and welcome letter.
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