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A business loan is an unsecured credit that helps you meet urgent financial needs for your enterprise. You can use it to expand operations, purchase equipment, manage cash flow, or upgrade technology. With a Tata Capital Business Loan, you get timely access to capital without needing collateral. The funds support both day-to-day needs and long-term business growth.
Disclaimer: Business Loans are at the sole discretion of Tata Capital Limited (TCL). Terms and conditions apply.
Loan Amount
₹ 1 Lakh to ₹ 90 Lakhs
Loan Tenure
12 to 60 months
Interest rate starting @
12% p.a.
Tata Capital strives to make your business loan affordable. Here’s a table outlining the business loan interest rate, fees, and charges.
| Type of fee | Applicable charges |
|---|---|
| Rate of interest | Starting from 12% per annum |
| Processing fees | Up to 3% of the loan amount + GST |
| Documentation charges | Rs. 1,999 |
| Part-pre-payment charges/Foreclosure charges | 4.5% of the part-pre-payment amount/principal outstanding at the time of foreclosure |
| Penal charges | 3% per month on the defaulted amount (Annualized Penal Charge of 36%) |
| Statement of accounts charges | Customer portal - NIL
|
| Loan cancellation charges | 2% of the loan amount or Rs. 5,750, whichever is higher |
| Stamp duty | At Actuals |
| Dishonor of any cheque/payment instruments | Rs. 600 per instrument per instance |
| Mandate rejection service charge | Rs. 450 |
Tata Capital offers business loans to both salaried individuals and business owners, with distinct eligibility conditions. Make sure you meet these criteria when applying for a business loan:
Minimum 2 years of business continuity with regular profits
A healthy monthly bank balance of Rs. 5,000 or more
Minimum CIBIL score of 675, showing repayment discipline
Applicant’s age must be 21 years at the time of application and not exceed 65 years at loan maturity
A CIBIL score of 675 or above is needed to qualify
Age must be between 21 and 65 years at the end of loan tenure
Income proof and job continuity are key approval factors
At Tata Capital, you only need to submit a handful of documents to apply for a business loan online. These include-
KYC Documents–ID proof and address proof of the borrower (PAN Card, Voter ID Card, Passport, or Driving License)
Proof of business (Business Registration Certificate, GST Registration Certificate, Trade License, or a certified copy of the Partnership Deed Agreement or Sole Proprietorship Declaration)
Last two years’ Income Tax Returns and Computation of income
Audited financial statements with the Tax audit report for of the last two years
Profit and Loss Statement or balance sheet (duly audited by a CA) of the last two years
Current bank account statements for the last six months
GST statements for the last six months
When you take a business loan, you’re required to pay Equated Monthly Installments or EMIs every month towards its repayment. Your business loan EMIs depend upon various factors, including your business loan amount, tenure, and the rate of interest.
A business loan EMI calculator is a simple online tool that can help you evaluate the EMI amount that you will need to pay every month for the repayment of your business loan. Your EMIs will constitute both - the repayment of the principal component as well as the interest component of your business loan.
Here’s the formula a business loan EMI calculator uses to compute business loan EMI accurately:
E = P x r x (1 + r) ^ n / [(1+ r) ^ n – 1]
Here, E is the EMI amount, P is the principal amount, r is the rate of interest applicable on a monthly basis, and n is the tenor or duration for which the loan is taken.
With Tata Capital, you can avail of an instant business loan with zero collateral and minimum paperwork. Here are the different types of quick business loans available with us:
You can apply for a business loan in India with Tata Capital in the following ways:
Business loans are a vital financial tool for entrepreneurs and SMEs in India looking to grow and sustain their operations. They help meet expansion expenses. For instance, you can use the funds to open new branches or scale production. Business lending loans also support working capital needs, covering daily expenses like rent, salaries, and inventory.
Many Indian MSMEs utilize business loans to purchase equipment or upgrade technology, improving efficiency and competitiveness. Business loans also help manage cash flow during seasonal fluctuations or payment delays from clients. For instance, a textile unit in Surat or a restaurant chain in Delhi can use such financing to maintain stability and leverage new opportunities without burdening existing capital reserves.
Lenders offer business lending loans with and without collateral. The ones provided without pledging collateral are known as unsecured loans. They are ideal for small and mid-sized enterprises that require urgent access to funds for operations, expansion, or marketing. These loans are typically approved based on business turnover, credit history, and financial performance.
Unlike secured loans, there’s no need to pledge assets such as property or equipment for unsecured loans. The key features include faster approval, minimal documentation, and flexible repayment options. However, unsecured business loan rates are slightly higher since the lender’s risk increases in the absence of pledged collateral or security.
Tata Capital processes unsecured business loans within a few days, making them a convenient option for entrepreneurs seeking timely financial support without risking business assets.
Tata Capital provides the best business loans in India to strengthen new-age entrepreneurs. Being an owner of a micro, small, or medium-sized enterprise (MSME), you can avail of our MSME loan to nurture and expand your business. We also offer business loans for new businesses at a competitive business loan interest rate to support new entrepreneurs. You can use our business loan calculator to know the EMIs that you would have to pay for your small business loan and plan your repayments accordingly.
Women entrepreneurs can apply for business loans for women and avail of some exclusive features and added advantages. Our eligibility criteria and the documents required for a business loan are the bare minimum. . Furthermore, you don’t have to fret about how to get a business loan, as you can apply for it by filling out a business loan application form on our website, dialing our customer care number through our app, or visiting your nearest Tata Capital branch.
Legal Identity Identifier (LEI) : If a non-individual borrower has an aggregate exposure of Rs. 5 crore and above from banks and financial institutions, then that borrower shall be required to obtain a Legal Entity Identifier (LEI) code at the time of sanction. Borrowers who fail to obtain the LEI codes from an authorized Local Operating Unit (LOU) within the timelines mentioned below as per different exposure brackets shall not be sanctioned any new exposure nor shall they be granted renewal/enhancement of any existing exposure.
| Total Exposure | LEI to be obtained on or before |
|---|---|
| Above Rs.25 Cr | April 30, 2023 |
| Above Rs.10 Cr upto Rs.25 Cr | April 30, 2024 |
| Rs.5 Cr and above, upto Rs.10 Cr | April 30, 2025 |
Tata Capital offers various types of business loans to provide tailor-made financing solutions as per your precise requirements. Below are the types of business loans we offer:
Business loans for women
MSME/SME loans
Working capital loans
Equipment financing or machinery loan
Construction financing
Term loans
Commercial vehicle loans
Self-employed individuals, proprietorship firms, private limited companies, partnership firms, limited liability partnership firms, trusts, societies, and HUFs (Hindu Undivided Families) can avail of a business loan from Tata Capital. However, they must meet the following eligibility criteria:
The age of the applicant must be between 21 and 65 years at the time of application
A minimum credit score of 675 is required
Business should be profitable
At least two years of business stability
Business loan interest rates and charges vary from one lender to another. You can opt for the fixed or floating interest rate based on your preference. With Tata Capital, you can get a business loan at a highly competitive interest rate, starting from just 12% per annum. The other charges may include the following:
1. Processing fee
2. Documentation charges
3. Stamp duty
4. Pre-payment charges
5. Foreclosure charges
Tata Capital offers quick business loans with minimal documentation. Below is the list of documents you may need to submit:
KYC documents - PAN Card, Aadhaar Card, Voter ID Card, Driving License, Passport, etc.
Business proof - GST registration certificate, Business registration certificate, Trade license, etc.
Income proof - Last two years’ ITRs, balance sheet, profit-loss statements, etc.
Last six months’ current account bank statements and GST statements
With Tata Capital, you can apply for a business loan online or offline. To apply offline, you can visit your nearest Tata Capital branch and get in touch with one of our executives. They will guide you through the entire process. To apply online, follow the steps below:
Visit the Tata Capital website and click on the “Apply Now” button in the “Business Loan” section.
Upload the required documents.
Wait for the verification process to be completed.
Post successful verification, your loan will be approved, and the amount will be disbursed within a few days.
The maximum business loan amount and repayment tenure may vary from one lending institution to another. With Tata Capital, you can avail of a business loan of up to Rs. 90 lakhs for a maximum tenure of 60 months, depending on your business’s financials and other factors.
Usually, the process of business loan approval and disbursal takes 24 to 72 hours. However, the exact time may vary depending on factors such as the loan amount, eligibility, and documentation.
Yes. Tata Capital offers unsecured business loans, which means that you won’t have to pledge any assets as collateral to secure funding for your business expansion. However, the maximum loan amount you can borrow depends on factors such as your age, credit score, and business financials.
A business loan EMI calculator helps you evaluate your monthly EMIs in advance. You can use it to determine how much you should borrow as per your repayment capability. You can also use it to plan your business finances and monthly repayments in a better manner.
Yes. You can avail of a business loan even if your business is new or a startup. However, you must meet the business loan eligibility criteria set by the lender.
By availing of a business loan, you can claim the following tax benefits:
Interest payable on a business loan is completely tax-deductible. It can help you reduce your taxable profit.
The principal amount is, however, non-tax-deductible. You cannot deduct this amount from your taxable income while computing income tax.
Since business loans are usually unsecured, they are not typically 100% in relation to an asset’s value. The sanctioned loan amount based on your business’s assessment is the maximum amount you can borrow.
MSME business loans are unique credit solutions tailor-made to cater to the specific financial requirements of Micro, Small, and Medium-sized Enterprises (MSMEs) in India. These loans are typically provided to startups and have different eligibility criteria.
Yes. Tata Capital offers sector-specific business loans to cater to your unique financial requirements. These loans are tailor-made to suit the specific type of business they are meant for. Examples include Cleantench Finance, Construction Financing, Machinery Loan, and Commercial Vehicle Loan.
Your CIBIL score can be the reason behind approval or denial of your business loan application. It represents your creditworthiness. A strong CIBIL score, preferably 750 or more, can help you secure a higher loan amount and that too, at a better interest rate.
Yes. You can make part-prepayments on your business loan to reduce your principal amount. However, you may incur a penalty of 4.5% of the part-prepayment amount.
You can track your business loan application status by logging into your account on the Tata Capital portal. You can also download our smartphone app to track your business loan application status. Alternatively, you can contact our customer support team on 1860-267-6060 with your application ID.
By opting for a Business Loan from Tata Capital, you can unlock a plethora of benefits. These include:
Customized loan amount between Rs. 1 Lakh and Rs. 90 lakhs
Flexible loan tenure between 12 and 60 months
An option to choose between a Fixed or a Structured EMI plan
Instant approval with minimal documentation
Highly competitive interest rates
Tailored solutions for unique business requirements
No need for collateral
Robust customer support team
Do not get disheartened if your business loan application gets rejected. Identify the reason behind the rejection and take immediate steps to rectify. Some common business loan rejection reasons include low credit score, incomplete documentation, inappropriate business experience, etc. You can apply again for a business loan once you’ve addressed the concern.
Yes. Several lenders offer special business loans for women entrepreneurs with benefits such as lower interest rates, relaxed eligibility criteria, and preferential terms. Government schemes such as MUDRA and Stand-Up India also provide financial support to women entrepreneurs in India. Tata Capital also provides customized business loans for women with exclusive benefits, such as affordable interest rates, lower processing fees, and flexible EMI options.
Yes. While traditional lenders and banks often require business vintage for providing business loans, Non-Banking Financial Corporations (NBFCs) such as Tata Capital provide business loans to startups. The approvals are usually based on a robust business plan, projected cash flow, and the applicant’s personal credit score.
The “Flexi” business loan facility allows you to borrow funds as needed from a pre-approved loan limit. The interest is charged only on the amount that you borrow and not on the entire loan limit. Such a facility allows you to borrow and repay funds as per your requirements and offers flexibility in managing cash flow.
Proof of business is one of the essential documents required to apply for a business loan. Below is the list of documents accepted as proof of business by lenders:
GST registration certificate
Business registration certificate under the Shop & Establishment Act
Partnership deed
Trade license
Memorandum of Association (MOA) or Articles of Association (AOA)
Udyam (MSME) registration certificate
Tata Capital offers flexibility for business loan EMI payments. You can pay through any of these accepted modes:
Cheque, Demand Draft (DD), or Pay Order
Direct debit through a bank account
Online payment through a debit card, NetBanking, UPI, etc.
NEFT, RTGS, or IMPS
Yes. Tata Capital offers you the flexibility to modify your business loan terms even after sanction. You can alter the interest rate, tenure, and other terms, as per your convenience. However, the approval is subject to our verification team. You will need to get in touch with our customer service representative to register any such request.
Once you have paid your final business loan EMI, your loan account will be closed, and a “No Dues” certificate will be issued. In case you want to apply for a renewal or top-up, you can get in touch with our customer care representative, and they will guide you through the process. You can also apply for a business loan top-up through our website.
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