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Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required

Business Loan offerings and advantages in Salem

High loan amounts:
You can borrow up to Rs.90 lakhs based on your business needs, such as expansion, inventory, working capital and more.

Flexible tenures:
The tenure for a business loan can extend up to 3 years based on the customer’s requirements.

Minimal documentation:
We only ask you for a couple of document proofs, so you can conveniently apply online.

Quick approval and disbursal:
After quick verification and approval, you can get your loan amount credited straight to your bank account in just a few days. 

  • Loan Amount

    ₹ 0.40 lakh to ₹ 90 lakhs

  • Loan Tenure

    12 to 60 months

  • Self-Employed Non-Professional Interest rate starting @


  • Self-Employed Doctors Interest rate starting

    @ 12.00%-15.00%

  • Self-Employed Professional Other than Doctors Interest rate starting

    @ 13.00%-17.50%

Special Scheme for Women Entrepreneurs

As a woman entrepreneur with a solid business idea, you cannot let the lack of funds come in your way. Today, several government loan schemes can help you fulfil your dream of owning a business

Annapurna Scheme

Do you have a food catering business in Salem? Now, you can fulfil your business’ working capital needs with a credit facility under the Annapurna scheme. You can get a loan amount of up to Rs. 50,000 to invest in equipment such as refrigerators, utensils, gas connections, appliances, and more.

Bhartiya Mahila Bank Business Loan

Any woman entrepreneur seeking financial support to meet working capital needs or expand an existing business can apply for the Bhartiya Mahila Bank business loan. With this unsecured business loan, you can secure a loan amount of up to Rs. 20 crores at subsidised interest rates.

Purpose of Business Loans

Managing a business in the leading manufacturing centre of Tamil Nadu requires instant availability of funds. If you have a business in Salem, you can opt for a business loan for various purposes:

Upgrade business equipment

Access to up-to-date machinery can significantly improve your business growth. You need a range of equipment – machinery for production, IT equipment, security equipment, and more. Invest in the latest equipment for your business with an affordable business loan from Tata Capital.

Diversify your product range

Launching a new product or entering a new market calls for sufficient availability of finance for research and execution. If you want to boost your business with a new product, opt for a convenient loan from Tata Capital and take your business to new heights without worrying about your finances.

Repay other debts

If you have taken multiple loans for the smooth functioning of your business, it makes sense to opt for a single loan and settle your old debts with ease. This will not only ease your financial burden but allow you to focus on business operations.

What are Interest Rates for Business Loans in Salem?

A business loan in Salem can help you maintain your cashflow, pay your employees, take your brand online, and many other purposes. Since Salem is bustling with business opportunities, several lenders and NBFCs provide business financing options at affordable rates. So, you're spoilt for choices!
Business loan interest rates in Salem depend on several factors such as your CIBIL score, income, business vintage, company tenure, and annual turnover. For preferential interest rates:

  • Maintain a high CIBIL score

  • Have a stable income

  • Show proof that your company has been operational for several years

  • Show proof that your business shows an upward trend

However, if you are looking for some of the lowest  Business Loans interest rates in Salem, look no further than Tata Capital.

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

Business loan eligibility comprises basic conditions like CIBIL score, age, business turnover, and more that candidates must fulfil to avail business finance. Here are the Business Loans eligibility criteria for Tata Capital:

  • Age should be between 25 to 65 years

  • CIBIL score must be 700 or more

  • The candidate should own a business at least profitable for three successive financial years

  • The business turnover must display an upward trend

  • Your balance sheet be audited by a registered Chartered Accountant (CA)

What are the documents required for getting Business Loan in Salem?

Last six months’ company bank statements

Last two years' Income Tax Returns

Last two years' balance sheet and Profit & Loss accounts

KYC documents of the company

KYC documents of the business owners

A report with detailed information about how the candidate will utilise the Business Loan

Photo identity proof (Aadhar card/ Driving licence/ Voter ID/ Passport)

Bank statements

Business proof

How to calculate EMI for Business Loans Online?

Business Loans EMI calculator is one of the best ways to accurately estimate your business loan EMI in Salem. Simply input the value of your principal amount, rate of interest, and your loan tenure. The tool will calculate the EMI you will have to pay each month.

Here is how each of these values affect the EMI value towards the repayment of your business loan in Salem:

  • Principal loan amount: The higher the principal amount, the higher will be the EMI amount.

  • Rate of Interest: The higher the rate of interest, the higher will be the EMI amount you will

  • Loan Tenure: The shorter the loan tenure, the higher will be the EMI amount you will need to pay.

How to apply for a Business Loan online in Salem?


Online Application

Fill in your personal and financial details in a few minutes in our digital form


Document Submission

Furnish the required documents to proceed



We will verify your application and documents. We may require a personal discussion with you.


Post Approval

Post-approval, the loan is sanctioned.



Receive the required business loan amount directly in your bank account.

Other Ways to Apply for a Business Loan in Salem

You can reach out to us in various ways to apply for a business loan in Salem:

  • Via phone
     Contact us at 1860 267 6060 and we will guide you through the process. We are just a phone call away!

  • Virtual assistant
    You can even apply for your business loan with the help of a loan processing virtual assistant.

  • Offline
    Another way to apply for a business loan is to visit one of our country-wide branches. Our executives will guide you through the entire process, step by step.