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When you apply for a business loan with a lender, it asks you to submit certain documents to check your business loan eligibility. Although the documents required for business loan may differ from one lending institution to another, there are some common business loan documents that you have to submit irrespective of the lender.

 

At Tata Capital, we provide business loans with minimum documents and easy eligibility criteria. We ask only for some basic business loan documents from our customers, which include a business loan application form, photo identity proof, address proof, business ownership proof, and proof of income. 

Documents Required for a Business Loan

You can avail of a Tata Capital business loan by submitting only a handful of documents. You can submit these business loan documents directly at your nearest Tata Capital branch or upload them on our website. Below is our business loan documents list:

KYC Documents

Under the KYC or Know Your Customer Documents, you’re required to submit a photo identity proof and an address proof of yours. These include a copy of your PAN Card along with a copy of your Aadhaar Card, Voter ID Card, Driving License, or Passport.

Business Proof

You’re also required to submit proof of your business ownership. It can be your Business Registration Certificate, Trade License, Establishment, GST Registration Certificate, or a certified copy of the Partnership Deed Agreement or Sole Proprietorship Declaration.

Income Proof

You can submit your last two years’ Income Tax Returns (ITRs) and Computation of Income, last two years’ Audited Financial with Tax Audit Report, profit-loss statements of the last two years, or balance sheet (duly audited by a Chartered Accountant)

Bank Statements

You’re also required to submit your current account bank statements and GST statements for the last six months.

Please note that this business loan documents list is indicative. The exact documents required for business loan may vary from case to case based on our assessment program. However, the KYC documents and six-month bank statements are common business loan documents required in each case.

Why Should You Apply for a Business Loan at Tata Capital?

Choosing an appropriate business loan partner is a crucial decision for any business owner. By taking time to understand your precise financial requirements and comparing the costs and features, you can zero in on a business loan that’s perfectly suited to your needs. Here are a few reasons why you should apply for a business loan with Tata Capital:

  • Highly Competitive Interest Rates

    At Tata Capital, we understand that business loans are meant to aid business owners and are not supposed to become a burden to them. Keeping this in mind, we provide business funding to our customers at highly competitive interest rates, starting from just 12% per annum. This ensures that your business loan EMIs remain affordable, and you can focus on taking your business to new heights. Furthermore, you can qualify for the lowest business loan interest rate based on your credit score, annual turnover, business experience, and other eligibility factors.

  • Customized Loan Amount

    At Tata Capital, we allow you to choose the loan amount as per the precise financial requirements of your business. You can apply for a business loan of as low as Rs. 100000 and as high as Rs. 90 lakhs. This ensures that you can fulfill all your business-related financial requirements, such as hiring a trained workforce, acquiring new office space, renovating your existing workplace, buying inventory, and much more. Moreover, if the acquired business loan amount seems insufficient, you can even avail of a top-up on your business loan to get additional funding.

  • Flexible Loan Tenures with Multiple EMI Options

    Tata Capital allows you to select your business loan tenure according to your repayment potential. You can opt for a suitable tenure between 12 and 60 months. If you want to repay your loan amount in smaller EMIs, you can choose to spread your repayment over a longer tenure. Otherwise, if you wish to repay your business loan in larger EMIs and reduce your interest outgo, you can opt for a shorter tenure. Furthermore, you can choose to increase or decrease your EMIs throughout the repayment tenure by opting for a Structured EMI Plan.

  • Minimum Documentation

    With Tata Capital, you can get approval for a business loan by submitting only a handful of documents. As mentioned, our business loan documents include your KYC documents, business proof, income proof, and bank statements. We will ensure that you won’t have to run from pillar to post to get your business funding. You can simply apply for a business funding online from the comfort of your home or office and upload the documents required for a business loan on our website. We can also arrange for the doorstep pickup of the documents for a hassle-free borrowing experience.

  • Get Collateral-free Funding

    With Tata Capital, you can qualify for a business loan even if you do not want to put your personal or business assets on the line. We provide collateral-free financing to ensure that monetary issues never become a roadblock in your business expansion plans. But if you want to pledge something as collateral to secure the lowest business loan interest rate, you are most welcome. Read our business loan FAQs to know the list of assets accepted as collateral for a business loan.

Why is it Necessary to Submit Business Loan Documents?

The lenders ask for business loan documents to check an applicant’s authenticity and business loan eligibility. That is why it’s necessary to submit the required documents for a business loan at the time of loan application. If you fail to submit all your business loan documents, the lender may fail to establish your loan eligibility and hence, may reject your business loan application.

 

Once you submit the documents required for new business loan to the lender, it starts a verification process for your documents. Once the verification process gets complete, the lender sanctions your business loan amount.

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Disclaimer: The aforementioned values, calculations and results are for illustrative and informational purposes only and may vary basis various parameters laid down by Tata Capital.

How to Submit Business Loan Documents?

With Tata Capital, you can apply for a business loan by fulfilling simple eligibility criteria and submitting a few essential documents. You can submit your business loan documents in any of the following ways:

  • Get Doorstep Services

    At Tata Capital, we provide doorstep services for the convenience of our customers. You can simply contact our customer care number and ask for the doorstep pickup of your business loan documents.
  • Visit Our Branch

    You can visit your nearest Tata Capital branch along with the documents required for new business loan. Our executives there will scan your documents and guide you through the entire process.

With Tata Capital, you can apply for a business loan by fulfilling simple eligibility criteria and submitting a few essential documents. You can submit your business loan documents in any of the following ways:

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What our customers say about us

It's fast, and especially the support staff is good.

JYOTIRMAY SHARMA

Business Loan | 25 Oct, 2024

My request was considered politely and solved. The service executive was good in her speech and interaction and was helpful.

SBJ ASSOCIATES

Business Loan | 03 Oct, 2024

Quick and efficient service.

SURAJ LAXMAN PATIL

Business Loan | 03 Sep, 2024

Keep up the fantastic performance.

MUTHUSAMY S

Business Loan | 29 Aug, 2024

As I wanted a new loan, you guided me on whom to meet. Thank you for your polite behavior. Very happy.

MOHAMMAD GHOUS GHOUS PASHA

Business Loan | 27 Aug, 2024

Excellent service from Tata Capital. I am impressed.

SARASWATI SERVICE STATION

Business Loan | 26 Aug, 2024

During the entire loan term, we didn’t face any issues with loan servicing from Tata Capital. Would definitely like to take a loan in the future if needed.

AGRAWAL M JAGDISH

Business Loan | 21 Aug, 2024

I am very happy with the services and will definitely avail myself of the services in the future.

SMITA DEEPAK SARAIYA

Business Loan | 13 Aug, 2024

Best communication provided for customers.

Pooran Mal Jangir

Business Loan | 02 Aug, 2024

Find the right Loan for you

Machinery Loans

If you’re into a manufacturing business, you may need to install the latest machinery or equipment in your factory.

You can apply for a machinery loan with us to fund the purchase of your business-related tools or equipment.

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MSME Loans

MSMEs are the second-largest employer in India after the agriculture sector.

To help these MSMEs grow and flourish without being affected by financial hurdles, Tata Capital offers MSME loans or SME loans at competitive interest rates.

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Overdraft Loan

If you’re unsure of the total loan amount that you may need for your business, you can avail of a business loan overdraft facility or an overdraft business loan.

With Tata Capital, you can get an OD loan for business of up to Rs. 90 lakhs at an affordable interest rate.

Overdraft Loan Overdraft Loan

Small Business Loan

Tata Capital’s small business loans are tailor-made loans to help micro and small businesses in India meet their urgent monetary requirements.

You can apply for a new small business loan online and get the funding from the comforts of your home or office.

Small Business Loan Small Business Loan

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