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Loan Restructuring for COVID-19 related stress
Loan restructuring can be availed by borrowers to manage financial stress caused by the COVID-19 pandemic. Customers eligible under RBI circular, having any of the retail loans can apply for restructuring of the loan via the Tata Capital website.
Structured EMI plans
Setting up or expanding a business in Kochi may require you to get a large loan. But you can make your loan repayments convenient by choosing business loans with flexible EMI plans with Tata Capital.
Attractive interest rates
Want to save money on loan repayments? Get a business loan in Kochi at the lowest interest rates with Tata Capital.
Relaxed eligibility requirements
At Tata Capital, we have minimal eligibility requirements. This means you can easily qualify for a loan if you meet them. Securing business finance has never been this easy! .
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Say goodbye to extensive documentation and long-drawn-out approval processes. Apply for a loan with Tata Capital and get a loan with minimal documentation.
Loan Amount
₹ 0.40 lakh to ₹ 75 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%
Are you an ambitious women entrepreneur striving to achieve financial freedom? With special business loan schemes introduced by the government, you can now run a successful business in Kochi
From affordable infrastructure to low operational costs, Kochi is an excellent place to start your new business. But managing other business expenses can still be a hassle without a stable flow of funds. You can apply for a business loan to meet various business needs, including.
Your business loan interest rate determines the funds you will be spending on paying your loan EMIs. So, if you want to save funds on repayments on a business loan in Kochi, you must opt for a loan offer with a lower interest rate. An added advantage of doing this? You save on the total interest you pay over your original loan amount too.
While many lenders offer affordable business loan interest rates in Kochi if you are looking for the best loan offer to make the maximum savings, turn to Tata Capital. We offer the lowest Business Loans interest rates in Kochi so that you can comfortably pay your EMIs, and divert your funds to taking care of your business expenses instead of paying off the loan.
The Business Loans eligibility criteria at Tata Capital are as follows:
EMIs can help you pay off your business loan in Kochi without stressing out your finances. Hence, if your lender allows you to choose your tenure, you must choose an appropriate EMI plan. For this, you must know how to calculate your loan EMIs.
While you can calculate your loan EMIs by doing manual calculations, a simpler (and quicker way) is to use our online Business Loans EMI calculator Here, you can enter your loan details like amount, interest rate and tenure and let the calculator calculate your EMIs for you.
Once you know your EMI amount, you can select an appropriate loan offer and make business loan EMIs in Kochi more affordable for you.
You can apply for a business loan in Kochi with Tata Capital in the following ways too:
Via phone
Call us on our customer care number at 18602676060 and inquire about a business loan.
Virtual assistant
Send a request for a business loan via our online virtual assistant.
Offline
Visit our Kochi branch and connect with our skilled lending officials to get a business loan in Kochi via the offline application process.
Apply for a business loan with us today!
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 –
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.
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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