
#businessloan
Know more about Business Loans
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Easy-to-meet eligibility
For most small to medium businesses, getting an affordable loan can be quite challenging. But not with Tata Capital. With our easy-to-meet eligibility criteria, you can acquire the desired funds in the least possible time. This way, you can grab the various business opportunities that this city has to offer conveniently. Qualify for a loan with ease and expand your marketing potential to establish a profitable business.
Flexibility
Jaipur houses several high-demand industries that need solid financial planning to meet the ever-increasing customer needs. Then, with a business loan in Jaipur from Tata Capital, you can cater to all the financial needs of a growing business effortlessly. Whether you need to manage your everyday costs like wages, rent, and other expenses, invest in additional stock, upgrade business technology, and so on, a business loan from Tata Capital will ease all your financial worries.
Loan Amount
₹ 0.40 lakh to ₹ 90 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%
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Jaipur has a high number of small and medium businesses in various sectors that need regular funds for various business purposes. With a Tata Capital business loan, you can use the funds for different purposes such as.
Simply put, the interest rates on business loans depend on various factors like the nature of business, CIBIL score, business turnover, etc. To qualify for competitive Business Loans interest rates in Jaipur, you must fulfil the eligibility criteria set by the lender.
With Tata Capital, you can enjoy the best interest rates and flexible EMI plans for convenient repayment. This will make your loan much more affordable as the rate of interest directly affects your monthly EMI payments. Availing of the lowest business loan rates in Jaipur equals lower EMI per month so that you can repay the amount comfortably, without affecting the business cash flow.
Get in touch with Tata Capital and apply for a business loan in Jaipur that perfectly suits your business’s financial needs.
Use our eligibility calculator to find out your eligibility in no time! The Business Loans eligibility criteria comprise various factors like business turnover, age, CIBIL score, etc. that you must fulfill to qualify for business finance:
CIBIL score of 700 or above
Age of the candidate: 25 to 65 years
The business turnover must display an upward trend
The business must show profits for at least three consecutive years
Balance sheet audited by a registered Chartered Accountant
Visit the branch
Visit one of our extensive networks of physical branches anywhere in the country and we will guide you through the process..
Online
Apply with a simple application process online on our digital platform and enjoy the convenience of affordable loans right from the comfort of your homes.
Virtual loan assistant
Apply for a business loan in Jaipur via our loan processing virtual assistant and unlock a new way of connecting with us!
Via phone call
Get in touch with us instantly and contact us at 1860 267 6060 to get started with your business loan application.
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 –
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.
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.