#businessloan
Know more about Business Loans
0:55
Get the Tata Capital App to apply for Loans & manage your account. Download Now
All you need to know
Personal loan for all your needs
Check Your Credit Score
Higher credit score increases the chances of loan approval. Check your CIBIL score today and get free insights on how to be credit-worthy.
Check Credit ScoreHome Loan with instant approval starting
@ 8.75% p.a
All you need to know
Home Loan for all your needs
Calculators
Business loan to suit your growth plan
All you need to know
Business loan for all your needs
Looking for Secured Business Loans?
Get secured business loans with affordable interest rates with Tata Capital. Verify eligibility criteria and apply today
Know MoreExplore Used Car Loans
Explore New Car Loans
Explore Two Wheeler Loans
Calculators
Avail Loan Against Securities up to ₹40 crores
All you need to know
Explore Loan Against Securities
Calculators
Check Your Credit Score
Higher credit score increases the chances of loan approval. Check your CIBIL score today and get free insights on how to be credit-worthy.
Check Credit ScoreAvail Loan Against Property up to ₹ 7.5 Crores
All you need to know
Loans for all your needs
Calculators
All you need to know
Calculators
All you need to know
Calculators
Digital financial solutions to aid your growth
Most Popular products
Most popular products
Financing solutions tailored to your business needs
Our Bestselling Products
Avail Term Loans up to Rs. 1 Crore
Avail Digital Equipment Loans
up to Rs. 1 Crore
Avail Leasing solutions
for all asset classes
Ensure your business’ operational effeciency with ease
Most Popular products
A personal finance app, your one-stop shop for comprehensive financial needs - SIP, Mutual Funds, Loans, Insurance, Credit Cards and many more
Calculators
All you need to know
Wealth Services by Tata Capital
Personalised Wealth Services for exclusive customers delivered by a team of experts from a suite of product offerings
Calculators
All you need to know
Protect your family against unforeseen risks
Avail any of the Insurance policies online in just a few clicks
Bestselling insurance solutions
Quick Links for insurance
Motor Insurance
Life Insurance
Health Insurance
Other Insurance
Investment
Protect your family against unforeseen risks
Avail any of the Insurance policies online in just a few clicks
Choose from our list of insurance solutions
Quick Links for insurance
Motor Insurance
Life Insurance
Health Insurance
Other Insurance
Investment
Equipment Finance
Avail Digital Equipment Loans
up to Rs. 1 Crore
Equipment Leasing
Avail Leasing solutions
for all asset classes
Construction Financing
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 @
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%
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
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:
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.
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)
A 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.
Fill in your personal and financial details in a few minutes in our digital form
Furnish the required documents to proceed
We will verify your application and documents. We may require a personal discussion with you.
Post-approval, the loan is sanctioned.
Receive the required business loan amount directly in your bank account.
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.
Thinking of expanding your business? Want to take your business to new heights? From expanding your operations to upgrading your equipment, Tata Capital has got your back! Let Tata Capital business loans fuel your entrepreneurial spirits and help turn your business dreams into reality!
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:
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.
Important Information
Investor Information
Policies, Codes & Other Documents
Tata Capital Solutions & Services
Personal Loan
Business Loan
Vehicle Loans
Uh oh, something went wrong
Please try again later.
Start an SIP in minutes by signing up with the Tata Capital Moneyfy App. We are your one stop shop for all things investment.
Looking for a seamless loan experience? Get the Tata Capital Loan App and Apply for loans, Download Account Statement/Certificates, Track your requests & much more.
Thank you for subscribing
We will send news and updates to your registered email ID
Click allow button to receive notifications
We are constantly crafting offers and deals for you. Get them delivered straight to your device through website notifications.
All you have to do is Click on “Allow”
Trust the links that start from https://www.tatacapital.com
Do not make payments in any individual’s bank accounts.
Call our Customer Care Number 1860 267 6060 for assistance
For any assistance, contact our customer support
rahul.sharma@gmail.com