Why should I apply for a Tata Capital Business Loan?

You canapply for a business loan with Tata Capital to meet all the financial requirements of your business. At Tata Capital, we provide aninstant business loanso that you don’t have to wait to expand your business. Here’s why ourbusiness loan can be the best option for you: Our business loan interest ratesare highly competitive, starting from just 12% per annum*You can choose yourbusiness loanamount between Rs 0.40 lacandRs 75 lakhWe don’t ask for collateral or security for providingbusiness financeYou have the flexibility to choose from several EMI plansIf you’re an existing customer, you can get pre-approved offers on our business loanThere are no strict eligibility criteria that you need to fulfillYou can apply for anonline business loan and get instant approval

What are the documents required for a Business Loan?

At Tata Capital, we providebusiness loans with easy eligibility and minimal documentation.Here are thebusiness loan documentsthat you will need to submit to avail of abusiness loanfrom us: KYC documents, including a photo ID and address proofBusiness proof, such as business registration certificate, trade license, GST registration certificate, or a certified copy of the partnership deed agreement or sole proprietorship declarationIncome proof, such as the last two years' income tax returns (ITRs) and computation of income, last two years' audited financial with tax audit report, last two years'profit-loss statements, or balance sheet (duly audited by a chartered accountant)Current account bank statements and GST returns for the last six months You may also require some additional documents at the time of loan processing. Visit the documents requiredpage for more details.

Who can get a Business Loan?

We offerbusiness loans for self-employed professionals (doctors, CAs, etc.) as well as non-professionals.Here is a list of customers that can apply for a business loanfrom us: Self-employed individualsProprietorship firmsPartnership firmsLimited liability partnership firmsPrivate limited companiesClosely held public limited companiesHindu undivided families (HUFs)Trusts and societies

Am I eligible for a Business Loan?

Business loan eligibility criteria can vary from one lending institution to another. To become eligible for a Tata Capital Business Loan, youneed to fulfill the following requirements: Your age should be at least 21 years at the time of applying for thebusiness loanand not more than 65 years at the time of the last EMIYour credit score should be at least 650 or moreBusiness should be profitableMinimum 2 years business stabilityBanking balance should be at least Rs. 5000 For more details on ourbusiness loan eligibility criteria, visit ourBusiness Loan Overview page.

What are the Flexi EMI Plans available to me?

At Tata Capital, we offer two types of Flexi EMI plans forbusiness loanrepayment: Step Up Flexi EMI Plan:This repayment option allows you to pay lower EMIs in the beginning and then increase them gradually as your income grows. This plan helps in managing your loan repayment as per your income flow.Step Down Flexi EMI Plan:This repayment option allows you to pay higher EMIs in the beginning and then reduce them gradually. This plan helps in reducing your interest outgo significantly.

How to apply for a Business Loan?

You can apply for aninstant business loanwith Tata Capital and get on-the-spot approval forbusiness funding. Toapply for a business loan with us, you can take any of the following routes: Online: You canapply for a business loan onlinethrough our website.The processshould not takeyoumore than 10 minutesPhone: Call our customer helpline number 1860 267 6060between 9am and8pmMondaythroughSaturdaytoapply for a business loan through your phoneBranch: Visit your nearest Tata Capital branch with the requiredbusiness loan documents. Our executive will guide you through the business loan application process

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What is a Business Loan EMI Calculator?

A business loan EMI calculator is a simple online tool that helps you evaluate the monthly installments that you need to pay for the repayment of your business loan. Your business loan EMI depends primarily on three factors - loan amount, loan tenure, and the applicable rate of interest. Hence, you can enter these three values in a business loan calculator and know your business loan EMI within a few seconds.

Tata Capital’s Business Loan EMI Calculator is incredibly quick and easy to use. You can simply enter the required values in the relevant boxes, and our EMI calculator business loan will instantly display your business loan EMI and the total interest amount payable on your business loan. By knowing your business loan EMI in advance, you can manage your expenses and plan your repayments accordingly.

How to Use Our Business Loan EMI Calculator?

Using our business loan EMI calculator is extremely easy. It is one of the simplest ways to check business loan EMI online.Here’s how you can use our EMI calculator business loan:

Enter Loan amount

Enter the business loan amount that you wish to borrow.

Enter rate of interest

Enter the applicable rate of interest.

Enter loan tenure

Enter the tenure or duration for which you want to take your business loan.

You can either use the sliders or type these values directly in the relevant boxes. Once you input these values in our EMI calculator business loan, it will display your payable EMI and the interest amount within a few seconds

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How Does a Business Loan EMI Calculator Work?

For instance,

Suppose you have taken a business loan of Rs. 5 lakhs at an interest rate of 14% per annum for two years
Now, you enter these values in a business loan calculator to check your business loan EMI
As soon as you enter these values in a business loan EMI calculator, it will first convert the applicable rate of interest into a monthly rate by dividing it by 12. So, the applicable monthly interest rate would be 14/12, i.e., 1.16%
Then, it will convert the tenure into months. So, the business loan tenure, in this case, would be 2x12, i.e., 24 months
Now, the business loan calculator will integrate these values into the EMI formula:

EMI = [5,00,000 x 1.16/100 x (1+1.16/100) ^ 24 / [(1+1.66/100) ^ 24 – 1)

Your payable EMI would turn out to be Rs. 24,006, and the total interest amount would be Rs. 76,155

A business loan EMI calculator uses the following formula to calculate business loan EMI:

EMI = [P x R x (1+R) ^N]/[(1+R) ^(N-1)]

Here,
‘P’ is the Principal Business Loan amount,
‘R’ is the applicable rate of interest (monthly),
and ‘N’ is the loan tenure or duration (in months)

What is a Business Loan EMI?

EMI stands for Equated Monthly Installment. It is the amount that you need to pay every month for a fixed tenure to repay a loan. The EMI that you pay constitutes the repayment of the principal loan amount as well as the interest amount. So, in the case of a business loan, the amount that you need to pay every month towards its repayment is known as a business loan EMI.

Business loan EMI primarily depends on three factors - loan amount, loan tenure, and the applicable rate of interest. You can adjust these three parameters to arrive at an EMI amount you’re comfortable with. With Tata Capital, you can avail of a business loan for a tenure of up to 60 months to keep your business loan EMI affordable. To know your EMI in advance, you can use our business loan EMI calculator.

What are the Benefits of Using a Business Loan EMI Calculator?

You can use a business loan EMI calculator to evaluate your business loan EMI in a hassle-free manner. Here are the benefits of using an EMI calculator for a business loan:

Calculating your business loan EMI manually can be a time-consuming process. By using a business loan EMI calculator, you can get results instantly
You can access a business loan EMI calculator online and use it from the convenience of your home or office
Computing business loan EMI by hand is prone to manual errors. However, with a business loan EMI calculator, you will get accurate results every time
A business loan EMI calculator can help you compare EMIs for different lending options and choose the best one
By knowing your EMIs in advance, you can plan and manage your business loan repayment smartly

Factors That Affect Business Loan EMI

Your business loan EMI primarily depends on three factors. They include:

Loan Amount

The amount that you borrow from a lender plays the most crucial role in determining your business loan EMI. The higher your loan amount is, the higher will be your business loan EMI.

Interest Rate

The rate of interest applicable on your business loan determines the interest that you have to pay on it. A higher rate of interest means larger interest payments and hence, higher EMI.

Loan Tenure

Loan tenure is the duration for which a loan is taken. When you opt for a longer loan tenure, your EMI amount reduces. However, a longer tenure increases the total interest outgo on your business loan.

If you’re planning to apply for a business loan, you can use a business loan calculator to determine your business loan EMI. You can increase or decrease your loan amount and loan tenure to arrive at a suitable repayment schedule.

Reasons to Calculate EMI Before Taking a Loan

Before you apply for a business loan, it’s prudent to calculate your EMI through a business loan EMI calculator. This will give you an accurate idea of the monthly amount that you will need to pay every month to repay your loan amount.

When you know your EMI payments beforehand, you can estimate your monthly obligations and manage your finances in such a way that your business operations don’t get hampered. This way, you can also choose a suitable business loan amount and tenure as per your cash flow requirements.

Other Business Loan Calculators You Can Use

Apart from the business loan EMI calculator, here are a few other business loan calculators you can use for your convenience:

Business Loan Foreclosure Calculator

You can choose to foreclose your business loan even before the end of its tenure by repaying the entire balance amount. A business loan foreclosure calculator can help you calculate the amount you will need to pay to foreclose your business loan. You can also use a business loan foreclosure calculator to know the interest amount that you can save by opting to foreclose your loan.

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Business Loan Pre-Payment Calculator

At times, you may have surplus funds, and you may want to make pre-payments on your business loan. It can help you reduce your loan tenure, EMI, or principal amount. With a business loan pre-payment calculator, you can understand the impact of early loan repayment on your business loan EMI, tenure, and interest amount.

Use Calculator

Business Loan GST Calculator

When you apply for a business loan, you are required to pay a Goods and Services Tax (GST) on your loan amount. A business loan GST calculator can help you calculate the GST amount applicable on your business loan. This way, you can review your total borrowing costs and make an informed decision.

Use Calculator

More Business Loan products for you

Business Loan for professionals

At Tata Capital, we provide business loans for professionals with benefits like easy eligibility criteria, minimum documentation, and quick disbursals.

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Business Loan for women

At Tata Capital, we provide business loans for women entrepreneurs to achieve new heights in the world of business and startups.

Apply Now

What our customers say about us

Overall the experience was good and hope to continue the same. Also Tata Capital executive were nice and polite from the beginning.

Prasenjit Sen

Loan Against Property | 13 January, 2023

Thank you TATA Group for making India proud with all your hassle free and excellent services, Thanks Team

PRAMOD LINGSHETTY PATIL

Personal Loan | 31 December, 2022

I want to thank Tata Capital for giving Loan, During the process I was kept updated. Wanted to thank Tata Capital executive for answering my queries and keeping me updated on Status. Thank you

G BHASKAR

Personal Loan | 30 December, 2022

This is surprisingly easiest way to avail personal loan. I am completely happy with the service provided. Thank you team TATA CAPITAL!

Venugopal Raju

Personal Loan | 28 December, 2022

I was impressed with the way your staff handles their customers and if i come accross any family or friend who may be looking for any financial assistance, I shall surely recommend Tata capital

SHEELA AVINASH PATEL

Business Loan | 24 December, 2022

One of the best Mobile App, Tata capital only took 3-4 working day for loan approval.

ARJUN KUMAR

Personal Loan | 23 December, 2022

The services of Tata Capital is very good.. Approval process, loan charges are not hidden, every aspect was explained to me by Tata Capital executive before taking loan, very good transparency. Keep it up..

Prasanna Shriram Agashe

Personal Loan | 10 December, 2022

Excellent customer service with clarity and politeness. Thanks to TATA Capital having wonderful field staff.

S hari Haran

Two Wheeler Loan | 08 December, 2022

I am very happy that I got timely loan in my worst time.

THAKOR BHIMABHAI SHANKARJI

Personal Loan | 07 December, 2022

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Popular FAQs

Every business, irrespective of its size and age, requires funding from time to time. A business loan can help you avail of the required business funding, and then repay the loan amount in Equated Monthly Installments or EMIs. You can apply for a business loan to meet various short-term and long-term financial requirements of your business, such as getting access to working capital, hiring new employees, buying new equipment, upgrading workplace infrastructure, procuring inventory, or leasing new premises for business expansion.

You can apply for a business loan with Tata Capital to meet all the financial requirements of your business. At Tata Capital, we provide an instant business loan so that you don’t have to wait to expand your business. Here’s why our business loan can be the best option for you:

Our business loan interest rates are highly competitive, starting from just 12% per annum*
You can choose your business loan amount between Rs 0.40 lac and Rs 75 lakh
We don’t ask for collateral or security for providing business finance
You have the flexibility to choose from several EMI plans
If you’re an existing customer, you can get pre-approved offers on our business loan
There are no strict eligibility criteria that you need to fulfill
You can apply for an online business loan and get instant approval

At Tata Capital, we provide business loans with easy eligibility and minimal documentation. Here are the business loan documents that you will need to submit to avail of a business loan from us:

KYC documents, including a photo ID and address proof
Business proof, such as business registration certificate, trade license, GST registration certificate, or a certified copy of the partnership deed agreement or sole proprietorship declaration
Income proof, such as the last two years' income tax returns (ITRs) and computation of income, last two years' audited financial with tax audit report, last two years' profit-loss statements, or balance sheet (duly audited by a chartered accountant)
Current account bank statements and GST returns for the last six months

You may also require some additional documents at the time of loan processing. Visit the documents required page for more details.

We offer business loans for self-employed professionals (doctors, CAs, etc.) as well as non-professionals. Here is a list of customers that can apply for a business loan from us:

Self-employed individuals
Proprietorship firms
Partnership firms
Limited liability partnership firms
Private limited companies
Closely held public limited companies
Hindu undivided families (HUFs)
Trusts and societies

At Tata Capital, ensuring customer convenience is our top priority. That is why we allow the repayment of business loan EMIs through various payment instruments. You can choose to pay your EMIs through a direct debit facility, post-dated cheques (PDCs), or electronic clearance service (ECS).

With Tata Capital, you can apply for an online business loan by visiting our website and entering a few basic details. Or call our customer helpline number 1860 267 6060 to apply for a business loan through your phone. You can even visit your nearest Tata Capital branch and get in touch with one of our executives.

Yes. At Tata Capital, we don’t ask for collateral or security for providing business finance. This means you don’t have to put your personal or business assets on the line to qualify for business funding. Our business loans are 100% collateral-free.

If you are running an online retail store or an e-commerce website, you can apply for a business loan with Tata Capital for your working capital requirements. To get your online business loan approved, you must fulfill the following eligibility criteria:

Your CIBIL score should be above 700
Your business turnover must show an upward trend

Yes. If you have taken a business loan for your sole proprietorship business or partnership business, it will reflect in your personal credit report. If you fail to repay your business loan on time, your credit score might be impacted. However, if your company is an LLC, your business loan would affect only your business credit score and not your personal credit score.

By availing of a business loan in India, you can reduce your taxable income. Any interest levied on a business loan is eligible for tax deductions since the interest paid on a business loan is considered to be a business expense and not revenue. However, the principal component of a business loan is not tax-deductible.

Business loan eligibility criteria can vary from one lending institution to another. To become eligible for a Tata Capital Business Loan, you need to fulfill the following requirements:

Your age should be at least 21 years at the time of applying for the business loan and not more than 65 years at the time of the last EMI
Your credit score should be at least 650 or more
Business should be profitable
Minimum 2 years business stability
Banking balance should be at least Rs. 5000

For more details on our business loan eligibility criteria, visit our Business Loan Overview page.

A business account is not mandatory to get a business loan if you are running a sole proprietorship business. However, for a partnership business, corporation, or LLC, having a business account is mandatory for getting a business loan.

Your business loan EMI would depend on several factors, such as your business loan amount, loan tenure, and the applicable business loan interest rate. You can use our online Business Loan Calculator to know the exact EMI that you would have to pay for your business loan.

At Tata Capital, we provide business loans of up to Rs 75 lakh. However, the maximum business loan amount you can take will depend on your business loan eligibility and credit score. By having a good credit score and a profitable business, you can avail of the maximum loan amount.

With Tata Capital, you can take up to 60 months to repay your business loan. You have the flexibility to select a business loan tenure as per your repayment capability. You can even choose from different EMI plans to repay your business loan as per your income cycle.

At Tata Capital, the interest rate for a business loan is fixed. It means that your business loan interest rate and the EMI would not change during its repayment tenure. Our interest rate starts from - Self-Employed Non-Professional: 15% - 25%, Self-Employed Doctors: 12.00% - 15.00%, Self-Employed Professional Other than Doctors: 13.00% - 17.50%

At Tata Capital, we offer two types of Flexi EMI plans for business loan repayment:

Step Up Flexi EMI Plan: This repayment option allows you to pay lower EMIs in the beginning and then increase them gradually as your income grows. This plan helps in managing your loan repayment as per your income flow.
Step Down Flexi EMI Plan: This repayment option allows you to pay higher EMIs in the beginning and then reduce them gradually. This plan helps in reducing your interest outgo significantly.

You can apply for an instant business loan with Tata Capital and get on-the-spot approval for business funding. To apply for a business loan with us, you can take any of the following routes:

Online: You can apply for a business loan online through our website. The process should not take you more than 10 minutes
Phone: Call our customer helpline number 1860 267 6060 between 9 am and 8 pm Monday through Saturday to apply for a business loan through your phone
Branch: Visit your nearest Tata Capital branch with the required business loan documents. Our executive will guide you through the business loan application process

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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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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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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. 75 lakhs at an affordable interest rate.

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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.

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What is a Business Loan EMI Calculator?

How to Use Our Business Loan EMI Calculator?

Enter Loan amount

Enter rate of interest

Enter loan tenure

Avail TATA Capital loans directly from WhatsApp

How Does a Business Loan EMI Calculator Work?

EMI = [5,00,000 x 1.16/100 x (1+1.16/100) ^ 24 / [(1+1.66/100) ^ 24 – 1)

What is a Business Loan EMI?

What are the Benefits of Using a Business Loan EMI Calculator?

Factors That Affect Business Loan EMI

Loan Amount

Interest Rate

Loan Tenure

Reasons to Calculate EMI Before Taking a Loan

Other Business Loan Calculators You Can Use

Business Loan Foreclosure Calculator

Business Loan Pre-Payment Calculator

Business Loan GST Calculator

More Business Loan products for you

Business Loan for professionals

Business Loan for women

What our customers say about us

Prasenjit Sen

PRAMOD LINGSHETTY PATIL

G BHASKAR

Venugopal Raju

SHEELA AVINASH PATEL

ARJUN KUMAR

Prasanna Shriram Agashe

S hari Haran

THAKOR BHIMABHAI SHANKARJI

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