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Business Loan Interest Rates And Charges

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

Business Loan 19%

What are the Business Loan Interest Rates for Self Employed?

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.

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