Information About Business Loan

About Business Loans

Running a successful business is not easy in this competitive world. At Tata Capital, we understand your world better as we have been in this industry for many years.  We take pride in partnering with you to provide the financial support, to route the funds in the right direction and give your business the boost you need.

With us, finding the loan that works for your business is easy and simple. We have taken the difficulty out from business loan application journey so that you can spend more time taking care of the business.

How can you take a Business Loan?

Running your own business can be a time consuming and stressful endeavour. That is why we have simplified our process to ensure your ease and comfort. Follow the simple steps to apply for a loan for business:

  • Visit our website
  • Select your business loan amount and tenure
  • Submit your application
  • Get the funds in your account

What are the basic requirements in getting the Business Loan approved?

We’ve made sure that getting a Business Loan is simple and quick. For a swift approval:

  • Keep your personal details handy including your PAN number, Aadhaar Number, CIBIL score
  • Keep your business-related KYC details ready like PAN Card, Registration of Incorporation
  • Provide your last six month’s pay slip, address proof and bank statements

Learn more about Business Loan Eligibility and Required Documents for further details.

4 reasons why you should get a Business Loan to stay ahead in business

Expansion

Growth is key in any business. When business is booming, expansion can help ensure that your profits don’t shrink. Business loans can help you cover the costs of expansion without taking away your operational funds so that you can watch your business grow.

Inventory

Inventory is the lifeblood of every retail, wholesale and seasonal business. Once your business is operational you’ll need finance to continually expand and reload your inventory to keep up with demand and to provide better options to your customers.  Taking a Business Loan will help you offset inventory cost and you can stay ahead of trends and customer demand without hurting your income.

Cash Flow

Cash flow is a challenge for most businesses if your business is seasonal or if you have customers who don’t pay for services on time or when you have unsold inventory that needs to be moved to bring in new products. This can impact your regular costs of inventory, staff, utilities, and rent or mortgage. A Business Loan can help you manage regular costs, and stay afloat when profits are low.

Equipment

Businesses often have the need to purchase, replace, repair or upgrade various kind of equipment. Equipment is expensive and essential for business to run at maximum efficiency and maximum productivity. Unplanned expenses like the repair or replacement of broken equipment can harm your budget. Business loan gets you the money you need at a fast turnaround so you can continue to run the business at its optimum level. 

3 types of a Business Loan

Working Capital Loan

Money is the fuel that keeps your business going and if you don’t have the funds necessary for day-to-day operations, then the company will suffer. Our Working Capital Loan, will help you cover your funding needs so that you can run your daily operations smoothly.  

Machinery Loan

A business should run like a well-oiled machine and for that it needs to have functional machines and equipment. By taking a Machinery Loan you can update the present equipment or buy and lease the latest machines for your business. This will not only boost your overall productivity, but also ensure quality output.

MSME & SME Loan

Micro and Small and Medium Enterprises are the backbone of our society and economy. These businesses are the ones that primarily offer services that cater to the community and should have access to the right kind of support that will fuel their growth. So, if you are a MSME business owner, we provide small business loans that will give you and your enterprise the boost you deserve. 

Features and Advantages

Easy Payment

We offer the flexibility to create Business Loans with repayment solution that meet your specific needs. Our business loans are flexible and can be custom-built for your benefit.

No Security

There is no obligation whatsoever and no need to attach collateral when you apply for a business loan with us.

Quick Access to Finance

Get the money for your finance needs within just a few days.  The process is easy and quick to meet your urgent business requirements.

Business Loan Types

No matter what your business plans are, we help you attain all kind of business goals. We understand your business requirements are unique and have created loans that can help you move forward with your business without any financial roadblocks.

Term Loans

You can choose short term, long term or intermediate term loans. You can choose from the tenure of 3 to 15 years to repay the loan.  

Overdrafts

Take the advantage of this temporary loan to overdraw from your current account when you need additional money.

Working Capital Loans

You can apply for Working Capital loans to meet your daily business needs. 

What does Business Loans cover?

Business Loans are all-encompassing. You can use these funds to buy equipment or set up new locations for your venture. You can hire human resources in order to expand your operations or you can use the money for any of your business needs. It is completely up to you how you want to use the funds. 

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.

How much EMI do you need to pay?

Equated Monthly Instalment depends on the principal loan amount, the interest rate charged and the period for which the loan is taken. We provide Business Loans with loan tenure up to 36 months.

You can choose your EMI amount that you are comfortable with by using the Business Loans EMI calculator.

How can you repay the Business Loan?

You can decide how you want to repay the Business Loan. For a fixed amount of loan and interest, you can choose the tenure and EMI you are comfortable with. The longer the tenure, lower will be the EMI. You can also prepay your loan after meeting defined terms and conditions. 

You can pay your loan through auto debit or ECS facility. In exceptional cases, you can also opt for a post-dated cheque payment facility.

Eligibility and Documentation

You are eligible for the Business Loan if you are between 25-65 years of age. You should have a business that must be profitable for three consecutive financial years. Your turnover needs to show an upward trend. Your balance sheet must be audited by a registered Chartered Accountant. 

Documentation

These are the documents you will need to submit in order to apply for a Business Loan:

  • Duly filled application form
  • Company bank statements for the last six months
  • Income Tax Returns for the last two years
  • Balance sheet and Profit & Loss accounts for the last two years
  • KYC documents of the company including PAN Card, Registration of Incorporation, Partnership deed, Memorandum & Articles of Association.
  • KYC documents of the business owners
  • A report detailing how the Business Loan will be used

 

Find out about Business Loan Eligibility and Documents for more details.

Checking your eligibility

You have to meet some basic conditions in order to successfully get our Business Loan. You can use our Business Loan Eligibility Calculator to know your eligibility. At Tata Capital, we believe in extending a loan with minimal paperwork, reasonable interest rate and flexi EMI plans.

What’s the maximum amount of Business Loan you can avail?

The maximum amount of a Business Loan depends on your eligibility and your business returns. You can get up to ₹ 75 lakhs.  

Calculators

What is the Business Loans EMI Calculator?

The Business Loans EMI calculator helps you to understand the EMI that you will pay towards the principal payments and interest payment over the loan tenure. Use the Business Loan EMI calculator to know how much money you can pay monthly over a course of time to repay your loan. With the help of EMI calculator, you can plan your monthly instalments and conveniently pay off the loan. 

What does Business Loan EMI stand for?

EMI stands for Equated Monthly Instalments. It is the payment that you make for any loan undertaken for a fixed tenure to pay off the loan.  You can take time between 12 to 36 months to repay your business loan with Tata Capital. Your EMI will include principal and interest payments made every month towards the repayment of the loan. Though the amount of EMI does not change, the percentage of principal & interest will change month on month. Initially, the interest is higher but gradually the principal payment is more. The exact percentage of principal and interest will depend on the interest rate charged and the tenure for which the loan is taken.

How to calculate your Business Loan EMI using a calculator?

Enter the following information to calculate your EMI:

  • Business Loan Amount (the loan amount you wish to get)
  • Interest Rate (Tata Capital Business Loan interest rate starts at 19%)
  • Business Loan Tenure (Tata Capital offers tenure of 12 -36 months)
  • Click the Calculate button. The system shows your EMI monthly break-up of both the interest and principal payment.
  • If the Business Loan EMI is higher or lower than you want to pay, edit the principal amount and follow the same steps from 2 to 4.

The 3 How’s of deciding the right EMI

  • How soon do you want to pay off the loan for business?
  • How much can you afford to pay in a month?
  • How much of an interest rate are you comfortable with?

Why Choose Us

7 reasons why you should choose us

We care about you

We offer Business Loans to meet your fund requirements without bothering you with too many formalities other than the statutory requirements as prescribed by law. 

We offer attractive Business Loan Interest Rates

Our interest rates are competitive and affordable. We let you tailor everything according to your convenience and ability to repay. 

We’re flexible

Our Business Loans lets you choose the loan amount, tenure and EMI period for which you need the loan. 

We’re not going to bother you about collateral

We can guarantee that we won’t ask for any guarantee from you. We don’t want you to give any security to cover the loan. 

We are not going to make you run around

We only ask for minimal documentation to process your loan application. We just need some mandatory information like the source of your income and the purpose of the business loan.

We offer tailor-made loans

Our personalised approach gives us edge and has brought us countless satisfied customers  You are not just an application form to us. We understand that one size doesn’t fit all. 

We’ve been in the industry for a long time

This means we understand your needs and we will tailor our services to your needs. If you look good, we look good too.  

WHY CHOOSE US

CUSTOMIZED PRODUCTS
MINIMUM DOCUMENTATION
EASY APPLICATION PROCESS
STRONG AFTER SALES SERVICE