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Business Loans in Ahmedabad

Special Schemes for Women Entrepreneurs

To encourage more women into the world of entrepreneurship, the government has introduced several business loan schemes in Ahmedabad-

 

      1.Pradhan Mantri Rozgar Yojna

 

Primarily focused on creating self-employment opportunities for women in India, the Pradhan Mantri Rozgar Yojna offers financial support of up to Rs. 2 lakhs for the services sector and up to Rs. 5 lakhs for industrial start-ups.

 

      2.Udyogini Scheme

 

The Udyogini Scheme provides financial assistance to women entrepreneurs in rural areas. Businesswomen between the age of 18 to 55 can opt for a business loan of up to Rs. 3 lakhs.

 

      3.Cent Kalyani Scheme

 

Under the Cent Kalyani scheme, women who wish to start their small business or expand their existing one can get a collateral-free business loan. Businesses in the retail and agriculture industry are eligible for this loan.

 

Purpose of Business Loans

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-

 

 

      1.Start a new business

 

Being an important textile and industrial hub of India, the city of Ahmedabad is full of exciting business opportunities. If you’ve got the next big business idea, you can make it happen with a business loan from Tata Capital.

 

      2.Expand operations

 

Whether you want to scale your production capacity, open a new shop, or enter a new market, you need enough funds to achieve that. A business loan is an easy way to introduce additional capital for investing.

 

      3.Buy machinery

 

If your business heavily relies on the latest machinery and equipment, regular upgradation becomes a critical factor. Now with a business loan from Tata Capital, you can avail an affordable loan to purchase or upgrade your existing machinery and boost your production capacity.

Know more about our offering

Key Features

Loan Amount

₹5,00,000 - ₹75,00,000

Loan Tenure

12 - 36 months

Interest rate starting at

19%

Business Loans in Ahmedabad Advantages

Collateral-free loans

 Apply for a business loan in Ahmedabad with Tata Capital without any need for security! Avail of a collateral-free loan without affecting your  personal or business assets.

Multipurpose

Running a business in Ahmedabad will open up you to a world of opportunities. That is why business loans with Tata Capital are flexible enough to keep up with your dynamic business requirements. Update your machinery, expand your existing operations, boost production, or fulfil your working capital needs.

Simple application

 Getting a business loan in Ahmedabad has never been this easier. We offer a simple online application process and minimal paperwork requirements so that you don’t have to spend too much time waiting for your funds.

Collateral-free loans

 Apply for a business loan in Ahmedabad with Tata Capital without any need for security! Avail of a collateral-free loan without affecting your  personal or business assets.

Multipurpose

Running a business in Ahmedabad will open up you to a world of opportunities. That is why business loans with Tata Capital are flexible enough to keep up with your dynamic business requirements. Update your machinery, expand your existing operations, boost production, or fulfil your working capital needs.

Simple application

 Getting a business loan in Ahmedabad has never been this easier. We offer a simple online application process and minimal paperwork requirements so that you don’t have to spend too much time waiting for your funds.

What are Interest Rates for Business Loans in Ahmedabad?

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!

What are the eligibility criteria for a Business Loans in Ahmedabad?

The Business Loans eligibility  comprise various factors like business turnover, age, CIBIL score, etc., that you must fulfil for getting flexible business finance.

  • The candidate must be between 25 to 65 years of age

  • A candidate must own a business that is profitable for at least three successive years

  • The CIBIL score requirement is 700 or above

  • The business turnover must portray an upward trend

  • Balance sheet must be audited by a registered Chartered Accountant

What are the documents required for getting Business Loans in Ahmedabad?

 To avail of a business loan, a candidate needs to furnish the following list of documents-

  • Income tax returns (Last two years)

  • Company bank statements (Last six months)

  • Balance sheet and Profit and Loss Account of the company (Last two years)

  • KYC documents of the business owners

  • KYC documents of the business

  • A detailed business plan

  • Photo ID proof

  • Business proof

  • Bank statements

How to calculate EMI for Business Loans Online?

 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.

HOW TO APPLY FOR A BUSINESS LOANS ONLINE IN AHMEDABAD

Other ways to apply for Business Loans in Ahmedabad

 To apply for business loan in Ahmedabad, you can connect with us in various ways-

  • Online

Swiftly apply for a business loan by visiting our website and entering your basic details.

  • Via phone

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.

  • Virtual assistant

Looking for more? Apply for a business loan with the help of our loan processing virtual assistant.  

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. 

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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