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Personal Loan

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Personal Loan

PERSONAL LOAN INTEREST RATES STARTING AT 10.99%

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Overdraft Loan

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Overdraft Loan

PERSONAL LOAN INTEREST RATES STARTING AT 13.50%

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Wedding Loan

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Wedding Loan

WEDDING LOAN FUNDING UP TO RS. 25 LAKHS

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LOANS FOR MEDICAL NEEDS ON AN EMERGENCY BASIS

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HOME RENOVATIONS LOANS FOR YOUR HOUSING NEEDS

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HOME LOANS WITH INSTANT APPROVALS STARTING AT 6.90%

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CUSTOMISED SOLUTIONS FOR HOME EXTENSION NEEDS WITH TENURE UP TO 30 YEARS

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Business Loan Interest Rates And Charges

  • Overview
  • Eligibility & Documentation
  • Fees & Charges
  • Calculators
  • EMI Options
  • Related Products
  • FAQs
  • Blog
    • 1

    Business Loan Interest Rates

    Our business loan interest rates start at 19% are competitive amongst the other players in the industry. However, depending on loan eligibility, income, your business and other criteria, we determine the best interest rates for your business loan requirement.

    When you apply for a Business Loan with Tata Capital, you do not have to worry about any hidden charges. Whether it is related to processing fees, foreclosure charges, or delayed EMI Payments, all information is transparently-provided for smooth processing of your Business.

    Business loan interest rates are the proportion of the loan amount a financial institution charges as interest to the borrower. The rate is usually expressed as an annual percentage. For business loans, the interest rate is applicable on the principal amount.

    Here are the Tata Capital business loan rates in 2021

    Loan Type Interest Rate
    Business Loan 19%

    What are the Business Loan Interest Rates for Self Employed?

    Customer Profile ROI % Processing Fees %
    Self Employed Non-Professional 16.50% Onwards 2.00% Onwards
    Self Employed Doctor & Professional 13.50% Onwards 1.50% Onwards

    *Final ROI and Processing Fees may vary based on assessment program and Loan amount 

    What are Business Loan Processing Fees?

    The processing fee is the amount charged on your business loan application as a one-time charge for the entire loan process. The processing fees usually comprise the charges required to review your CIBIL score, check for business loan approval, and other administrative costs.

    What are Business Loans Charges?

    Business Loan charges include costs for cheque bounce, mandate rejection service, CCOD annual maintenance, document processing, outstation collection, foreclosure, and more.

    Tata Capital Business Loan Processing Fees

     

    Processing Fee

    Up to 2.50% of the loan amount + GST

    Penal interest/Additional Interest

    3% on Overdue Amount per month + GST

    Miscellaneous Charges

    Bounce Charges

    ₹ 2000 for every Cheque/ Payment Instrument Dishonour + GST

    Mandate Rejection Service Charge

    ₹ 450 + GST

    Charges will be applicable on your Business Loan EMI Due date in case the account does not have an Active mandate after the exhaustion of the given post-dated cheques. This charge would be applied every month until there is an Active Mandate linked to the account

    CCOD Annual Maintenance Charges

    First Year: 0.75% or 1000 whichever is higher per year will be deducted from the limit and shall be payable at the end of the 13th month

    Subsequent Years: 0.50% or 1000 whichever is higher
    per year will be deducted from the limit and shall be payable at the end of the 13th month

    Document Processing Charges

    ₹ 1,999 + GST

    Outstation Collection Charges

    ₹ 100 + GST per repayment instrument

    Statement of Accounts

    Soft Copy – Nil

    Branch walk in - ₹ 250 + GST

    Foreclosure Charges

    4.5% on the future principal outstanding on existing loan+ Applicable taxes

    No Foreclosure is allowed in first 9 months. 6.5% charges if foreclosed within 9 months

    Foreclosure Charges for Top Up

    2.25% on the future principal outstanding on existing loan + GST

    Foreclosure charges shall be levied only if new rate is lower than existing rate

    Foreclosure Charges in CCOD Cases

    4.5% on the Dropped down limit amount + Applicable taxes

    No Foreclosure is allowed in first 9 months. 6.5% charges if foreclosed within 9 months

    Loan Cancellation Charges

    2% of loan amount or ₹ 5750 whichever is higher + GST

    Instrument Swap Charges

    ₹ 550 + GST

    Duplicate Repayment Schedule

    Soft copy - Nil

    Branch walk in - ₹ 550 + GST

    Duplicate NOC

    ₹ 550 + GST

    Foreclosure Letter Charge

    Soft copy – Nil

    Branch walk in - ₹ 199 + GST

    Post Dated Cheque Charges

    ₹ 850 + GST

    Disclaimer

    • The fees/charges indicated above are subject to revision at Tata Capital’s discretion from time to time.
    • Customers who have taken a loan before 15th April 2019 need to refer to the loan agreement and schedule of charges for applicable rates.
    • For the definitions of the above charges, please refer to the Master Terms & Conditions sheet.
    • Soft copies of documents mentioned in the table above will be provided free of cost. For hard copies, please refer to the above table for the applicable fees & charges.
    FAQ

    Your EMI depends on the loan amount. Please use our Business Loan EMI Calculator to know exactly how much you need to pay.

    You can take up to ₹ 75 lakhs and more depending on your credit score.

    You can take up to 36 months to repay your business loan.

    The interest rate for Business Loan is fixed.

    Step Up Flexi EMI Plan

    This repayment option allows you to pay lower EMIs in the beginning and as your income grows you pay higher EMIs.

    1. Provides higher Business Loan eligibility
    2. Pay more when you can afford
    3. Helps to manage income flow efficiently.

    Find the right loan for you

    Are you an ambitious female entrepreneur with your sights set on financial independence? Spur business growth with Tata Capital’s Business Loans for Women. Designed exclusively for you, our loans are unsecured and available at competitive interest rates.

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    Business Loan for Woman

    Make an investment in your company’s future with updated and advanced machinery. Choose a Tata Capital Business Loan to buy machinery and experience enhanced productivity, improved quality, and an incredible ROI.

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    Machinary Loan

    Empower your business and nurture its growth with custom-built loans at Tata Capital. Our SME and MSME Loans offer timely and adequate financial support to your venture. Get a quick SME and MSME Loan at Tata Capital and propel your business to success.  

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    MSME Loan/SME Loan

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