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Business Loans in Bangalore

Special Schemes for Women Entrepreneurs

Be a part of the start-up boom in India and start your own business venture with various business loan schemes for women. Here’s a glimpse into the various schemes offered by the government.

 

          1. Stree Shakti Yojna

 

The Stree Shakti Yojna offers financial aid to women entrepreneurs enrolled under the Entrepreneurship Development Program (EDP). Any woman with majority ownership in a business can avail an interest subsidy of 0.05% on a loan amount of more than Rs. 2 lakhs.

 

         2. KBL Mahila Udyog Loan from Karnataka Bank

 

For women entrepreneurs in Bangalore looking to meet their capital requirement, Karnataka Bank offers an affordable loan of up to Rs. 10 lakhs for an extended repayment tenure of 120 months. Any woman with a minimum of 51% shareholding in a company can avail this loan.

 

Purpose of Business Loan

Known for its bustling economy, Bangalore offers an excellent networking culture for many new start-ups and small businesses. That is why a reliable source of funding like a business loan can help give wings to your business ideas.

 

          1. Introduce working capital

 

Running a successful business in Bangalore demands a continuous supply of enough working capital. So when you need ample funds for everyday business needs like salaries, inventory, overhead costs, and more, a business loan from Tata Capital can help you.

 

          2. Purchase assets

 

As a business owner, you will need to purchase various assets like the latest machinery, software, new office premises, and more to keep your business up-to-date. A business loan allows you to finance such asset acquisition and boosts your business growth.

 

          3. Fund a marketing campaign

 

Launching a new marketing campaign will include various expenses like hiring professionals and executing promotional strategies, and a lack of funds can hamper your efforts. A business loan from Tata Capital will provide you with ample funds to finance all your business needs.

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 Bangalore Advantages

Structured EMI plans

Pay off your business loan on your terms with Tata Capital. Select a loan repayment plan that matches your spending capacity today!

Attractive interest rates

Save money in Bangalore by opting for a business loan with Tata Capital. Get the most affordable interest rates with us, and enjoy hassle-free loan repayments, thanks to lower EMIs.

Collateral-free loans

Enjoy collateral-free business loans that can cover all your immediate business requirements with us at Tata Capital.

Simple documentation

Want to make getting a business loan in Bangalore easier? At Tata Capital, we do this by making document verification seamless for you. Just submit a few mandatory documents, and leave the processing to us. Thanks to limited documentation, loan approvals are quicker too.

Structured EMI plans

Pay off your business loan on your terms with Tata Capital. Select a loan repayment plan that matches your spending capacity today!

Attractive interest rates

Save money in Bangalore by opting for a business loan with Tata Capital. Get the most affordable interest rates with us, and enjoy hassle-free loan repayments, thanks to lower EMIs.

Collateral-free loans

Enjoy collateral-free business loans that can cover all your immediate business requirements with us at Tata Capital.

Simple documentation

Want to make getting a business loan in Bangalore easier? At Tata Capital, we do this by making document verification seamless for you. Just submit a few mandatory documents, and leave the processing to us. Thanks to limited documentation, loan approvals are quicker too.

What Are Interest Rates for a Business Loan in Bangalore?

Loan interest rates play a major role in determining the EMI amount you pay to your lender. Usually, the higher the interest rate, the higher your loan EMI, and the more money you spend on paying it off. So, if you want to save your earnings, given the high cost of living in Bangalore, you should choose a lender offering a business loan in Bangalore at a low rate.

At Tata Capital, we offer the lowest Business Loans rates in Bangalore. As a result, when you get a loan with us, you save the money spent on interest and benefit from easier loan repayments.

So why wait? Get a business loan with us and enjoy affordable business loan interest rates in Bangalore!

What is the eligibility criteria for a Business Loans in Bangalore?

The Business Loans eligibility criteria  at Tata Capital are as follows.

  • You should be between 25-65 years old.

  • You should have a profitable business for over three consecutive years.

  • Your business should have a positive turnover.

  • Your balance sheet should be audited by a Chartered Accountant.

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

At Tata Capital, we ask for minimal documentation. These include-

  • A photo identity proof

  • Business proof

  • Income Proof

  • Bank Statements

  • KYC documents

How to calculate EMI for Business Loans Online?

When you get a business loan, you need to pay it off as regular equated monthly installments or EMIs. This monthly amount is determined by your loan amount, the loan tenure, and the lender’s interest rate.

Knowing the EMIs for your business loan in Bangalore allows you to allocate finances towards your EMI repayments beforehand. This makes the loan payments more affordable for you.

Looking to calculate your business loan EMI in Bangalore? Let our online Business Loans EMI calculator do the job for you. Simply click on the link to visit the calculator webpage and enter your loan details like loan amount, tenure, and interest rate as prompted. When you hit submit, the calculator automatically displays your monthly EMIs on the screen. It’s that simple!

HOW TO APPLY FOR A BUSINESS LOANS ONLINE IN BANGALORE

Other ways to apply for Business Loans in Bangalore

You can apply for business loan in Bangalore with Tata Capital in the following ways too.

  • Via phone call

Call our customer care number at 18602676060, and request a callback.

  • Virtual assistant

Put a request online with our virtual assistant any time.

  • Offline

Visit our Bangalore branch to complete the offline application process and connect with our seasoned lending experts.

Apply for a business loan with us today!

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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