Know more about Business Loans
8th May 2020 0:55
₹ 0.40 lakh to ₹ 75 lakhs
12 to 60 months
Self-Employed Non-Professional Interest rate starting @
Self-Employed Doctors Interest rate starting
Self-Employed Professional Other than Doctors Interest rate starting
To encourage more women into the world of entrepreneurship, the government has introduced several business loan schemes in Ahmedabad
Establishing a successful business in a big city like Ahmedabad requires adequate availability of finance. A business loan can help you meet various financial needs.
As an emerging industrial hub with ample business opportunities, Ahmedabad is one of the top Indian cities with an economy worth $80 billion. Considering its growing status in various sectors like commerce, communication, and construction, Ahmedabad is rapidly becoming a business hotspot.
Since Business Loans interest rates in Ahmedabad depend upon your eligibility, it is crucial to fulfill the criteria set by the lender. This will help you in getting an affordable business loan in Ahmedabad to seamlessly invest in your business.
At Tata Capital, you can enjoy competitive interest rates that make your loan much more affordable. This is because your EMI payments are directly impacted by interest rates. So, avail of a business loan from Tata Capital for the lowest business rates in Ahmedabad and get your funds in no time!
The Business Loans eligibility comprise various factors like business turnover, age, CIBIL score, etc., that you must fulfil for getting flexible business finance:
EMI refers to the Equated Monthly Instalments that you need to pay regularly to pay off the loan within a specified period. Tata Capital offers structured EMI plans to let you repay your funds with utmost ease.
To calculate your business loan EMI in Ahmedabad, you can use our online EMI calculator. An EMI calculator helps you estimate the business loan EMI amount you need to pay towards the loan over the loan tenure. All you need to do is enter your principal loan amount, loan tenure, and interest rates. You can enter various potential values and determine a loan term as per your affordability.
This way, you can determine your monthly budget and plan your business expenses in line with your loan instalments. Therefore, it is best to use an online Business Loans EMI calculator to estimate your expenses before you apply for a business loan in Ahmedabad.
Simply visit our website and click on ‘Apply Now’. Enter your personal and occupational details. We will run a check to ascertain your eligibility for the loan.
Once you fulfil the eligibility, we’ll ask you to submit the required business loan documents to proceed with the loan application.
Next, we will verify your loan application and the submitted paperwork. Our representative will get in touch with you. Post-verification, we will sanction the required loan amount and offer an e-sanction letter.
Finally, you will receive your funds in the least time possible.
To apply for business loan in Ahmedabad, you can connect with us in various ways:
Swiftly apply for a business loan by visiting our website and entering your basic details.
Avail a flexible business loan with a quick phone call. Contact us at 1860 267 6060 to get started with the process..
Visit our branch
Another convenient way is to visit one of our many branches in the country, and our executives will guide you through the process.
Looking for more? Apply for a business loan with the help of our loan processing virtual assistant.
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!
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:
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 –
Private limited companies
Closely-held public limited companies
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 –
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
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.
You can take an online business loan for your online retail store or e-commerce website. You must fulfil the following criteria for swift online business loan approval:
CIBIL score should be above 700
Your business must be profitable for three consequent financial years
Your turnover must show an upward trend
A CA should audit your balance sheet
Business owners have business and personal credit.
Loans for sole proprietorship and partnership businesses are guaranteed by an individual. So, the loan is reflected in your personal CIBIL report. However, if your company’s structure is LLC, then the business loan affects only the business’ CIBIL score.
Any interest levied on a business loan is exempt from taxation. This is because the interest paid is considered to be a business expense and not revenue. Registering as an MSME can also help you avail of business loan tax benefits on excise and other charges.
However, the principal amount is not tax-deductible.
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