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Business Loans in Raipur

Special Schemes for Women Entrepreneurs

Are you an aspiring woman entrepreneur striving to achieve financial independence? Starting your new business is now easy with these special schemes by the government-

 

          1. Mahila Udyam Nidhi Yojna

 

The Mahila Udyam Nidhi Yojna aims to help women entrepreneurs take up new business projects and modernise their business operations. If you have a small business, you can avail of financial assistance of up to Rs. 10 lakhs at a longer repayment tenure of 10 years.

 

          2. Dena Shakti Scheme

 

If you're a woman entrepreneur in the manufacturing, agriculture, retail, and micro-credit sector, you can apply for an affordable loan of up to Rs. 20 lakhs or up to Rs. 50,000 in the micro-credit category. What’s more, you can avail this loan at concessional interest rates.



Purpose of Business Loans

When you are running a successful business in an industrial city like Raipur, a business loan can help ensure the immediate availability of finance for all your needs.

 

          1. Manage your seasonal business

 

For a seasonal business, maintaining enough cash flow and inventory during the peak season is extremely important. A short-term business loan can help meet market demand in the peak seasons and maximise your business growth.

 

          2. Revive your sick business

 

Reviving a sick business demands adequate financial backing for planning and operations. If you have a sound revival strategy for your business, avail a quick loan from Tata Capital and breathe new life into your business.

 

          3. Purchase equipment

 

To run your business at its maximum capacity, you need access to the latest equipment – from machinery to computers. And this calls for additional capital. Now you can introduce new technology into your business with an instant loan from Tata Capital.

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 RAIPUR ADVANTAGES

Structured EMI plans

Get a business loan with a flexible repayment plan at Tata Capital and choose your EMI plans based on your payment capacity.

Attractive interest rates

Make your loan repayments easy on your pocket by getting a business loan at low-interest rates with Tata Capital

Relaxed eligibility requirements

Secure a business loan in Raipur easily with Tata Capital by meeting a few basic eligibility requirements.

Simple documentation

Never stress about finding a long list of documents while applying for a business loan. Apply for a loan with Tata Capital and submit only a few essential documents.

Structured EMI plans

Get a business loan with a flexible repayment plan at Tata Capital and choose your EMI plans based on your payment capacity.

Attractive interest rates

Make your loan repayments easy on your pocket by getting a business loan at low-interest rates with Tata Capital

Relaxed eligibility requirements

Secure a business loan in Raipur easily with Tata Capital by meeting a few basic eligibility requirements.

Simple documentation

Never stress about finding a long list of documents while applying for a business loan. Apply for a loan with Tata Capital and submit only a few essential documents.

What are Interest Rates for a Business Loans in Raipur?

When you repay your business loan, you pay the base loan amount along with a pre-specified interest. This interest amount is determined by the interest rate. And the higher the interest rate, the higher the interest. Naturally, if you want to save the total extra amount you spend on interest and make the loan EMIs more affordable, you must opt for a business loan in Raipur with a lower interest rate.

At Tata Capital, we offer the lowest business loan interest rates in Raipur to make loan repayments easier for you. So, what are you waiting for? Put an end to hunting for low Business Loans interest rates and get the most out of your business loan. Connect with us today!

What is the Eligibility Criteria for a Business Loans in Raipur?

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 Raipur?

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 in Raipur, you need to repay it in equated monthly instalments or EMIs. These monthly instalments make loan repayments easier on your pockets since you aren’t paying off the whole business loan amount at once. In fact, lenders allow you to choose your EMI plan depending on your repayment ability to make repayments even easier. But for this, you must know how to calculate your loan EMIs.

An easy way to calculate your business loan EMIs in Raipur is to use our free online Business Loans EMI calculator. All you need to do is enter your loan details like the desired loan amount, applicable interest rates and chosen tenure. The calculator then displays the EMIs payable on the screen. Now, you can enter different loan tenures and select one where the EMIs match your repayment capacity.

HOW TO APPLY FOR A BUSINESS LOANS ONLINE IN RAIPUR

Other Ways to Apply for Business Loans in Raipur

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

  • Contact our customer care number at 18602676060 and request a call back.

  • Start an online chat with our virtual assistant and ask for guidance to fill out the business loan online application form.

  • Visit our Raipur branch and ask one of our qualified lending assistants to guide you through the offline business loan application process.

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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