Why should I apply for a Tata Capital Business Loan?

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 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 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 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 required page for more details.

Who can get a Business Loan?

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 individualsProprietorship firmsPartnership firmsLimited liability partnership firmsPrivate limited companiesClosely held public limited companiesHindu undivided families (HUFs)Trusts and societies

What are the Flexi EMI Plans available to me?

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.

How to apply for a Business Loan?

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 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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Machinery Loan

Machinery Loan

An instant way to fund your larger expenses

What is a Machinery Loan?

A machinery loan is typically provided to business owners to buy new machines or equipment. Also known as machine loan finance, this is a special type of business loan that can be taken exclusively for buying new machines or upgrading existing equipment. Several lending institutions provide machinery loan for new business in India to ensure financial roadblocks don’t hinder them from achieving success.

With a Tata Capital machinery loan, you can get machinery finance of up to Rs. 75 lakhs with simple eligibility criteria and minimal documentation. Moreover, our machinery loan interest rate is among the lowest in the market, starting from just 15% per annum*.

Product Offerings

Apart from the affordable machinery loan interest rate, our loan for machinery purchase comes with the following offerings:

Loan Amount

We offer customized machinery finance from Rs. 0.40 lakh to Rs. 75 lakhs so that you can meet all your requirements with ease

Loan Tenure

Our machinery loans are issued for the tenures of 12 months to 60 months so that you can plan your repayment conveniently

Interest Rates

Our machinery loan rate of interest is very competitive, starting from just 15% per annum*

Customized Products

Our machinery loans are highly customizable. You can choose your machinery loan interest rate, amount, and tenure as per your business needs

No Collateral

We do not ask for any collateral or security for providing a loan for machinery purchase

Multiple EMI Options

With our machine loan finance, you can choose to pay your machinery loan EMI as per your income pattern

Easy Eligibility

We believe in supporting every business owner in India, and that’s why we offer machinery loan for new businesses as well as large enterprises with simple eligibility

Features and Advantages of a Machinery Loan

Tata Capital can be your perfect machinery finance partner with a machinery and equipment loan. Here are some advantages of getting our machine loan finance for your business:

Higher Business Productivity

If you’re into a manufacturing business, you are dependent on machines for the production of your goods. By procuring modern machines with new-age technologies, you can improve your business productivity to exceptional levels. As a result, you will be able to achieve greater sales and fulfill your customers’ needs in time.

Better Quality

Newer machines and equipment not only help in improving the quantity of your production but also the quality. When you upgrade your business machinery, you can manufacture top-quality products. This helps in strengthening the trust of your customers and gaining an edge over your competitors.

Higher Profits

By improving your production quantity and quality, you can escalate your profit margins in no time. Investing in modern machines can also help you reduce the dependency on humans and minimize your production costs. Moreover, a lower machinery loan rate of interest with Tata Capital makes these machines highly affordable, further enhancing your profits.

What are the Eligibility Criteria for a Machine Loan?

Tata Capital offers machinery loan for new businesses as well as established companies. To avail of a machinery loan from us, you are required to fulfill the following eligibility criteria:

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

Please note that we may also ask for some other eligibility requirements at the time of loan processing.

What are the Applicable Machinery Loan Interest Rate and Charges?

At Tata Capital, we levy three types of charges on machinery loans - General Charges, Miscellaneous Charges, and Foreclosure Charges. The details of the particular charges under these three categories are mentioned below:

General Charges

Here are the general charges applicable on a Tata Capital Machinery Loan:

Type of Fee	Applicable Charges
Interest Rate	Starts at 15% p.a.*
Processing Fee	2.50% of the loan amount + GST
Stamp Duty	As Applicable
Penal/Additional Interest Rate	3% on Overdue amount per month + GST

Interest Rate - It is the rate at which the interest would be charged on your machinery loan. Machinery loan rate of interest at Tata Capital starts from 15% per annum*
Processing Fee - It is a one-time fee charged by the lender for processing your machinery loan application. This fee is non-refundable even if the loan doesn’t get sanctioned
Stamp Duty - It is a legal fee that you will have to pay for the preparation of your loan agreement. It can vary from one state to another
Penal Interest or Additional Interest - It is the interest that will be charged over and above your existing machinery loan interest rate in the case of delayed EMI payment

Miscellaneous Charges

The table below depicts the miscellaneous charges applicable to your Tata Capital Machinery Loan:

Type of Fee	Applicable Charges
Dishonor/Bounce Charges	Rs. 2,000 for every cheque/Payment Instrument Dishonour + GST
Mandate Rejection Service Charge	Rs. 450 + GST
CCOD Annual Maintenance Charges	0.25% on Dropline amount or Rs. 1,000, whichever is higher per year
Document Processing Fees	Rs. 1999 + GST
Outstation Collection Charges	Rs. 100 + GST per repayment tenure
Statement of Accounts (SOA)	Soft Copy – Nil. Branch Walk-in – Rs. 250 + GST
Loan Cancellation Charges	2% of the loan amount or Rs. 5,750, whichever is higher + GST
Payment Instrument Swapping	Rs. 550 + GST
Duplicate Repayment Schedule	Soft Copy – Nil Branch Walk-In – Rs. 550 + GST
Duplicate NOC	Rs. 550 + GST
Post-dated Cheque Charges	Rs. 850 + GST

Bounce Charges - Bounce or dishonor charges are levied by the lender if your EMI gets bounced. This usually happens when you miss your EMI payment due to the lack of funds in your bank account
Mandate Rejection Service Charge - A mandate rejection service charge is levied if you reject any of the services rendered by your lender
CCOD Annual Maintenance Charge - If you have opted for a Cash Credit or Over Draft facility on your machinery loan, you might have to pay a CCOD annual maintenance charge. This charge is levied for the maintenance of your CC or OD account
Document Processing Charge - Your machinery loan application involves several stages of documentation, including the preparation of your loan agreement, indexing, etc. The lender charges a document processing charge for processing such documents
Outstation Collection Charge - If you have issued payment cheque(s) to a non-local branch, your lender may levy an outstation collection charge for the collection of your cheque(s)
Statement of Accounts - If you want a hard copy of your statement of accounts, i.e., the list of transactions made from your bank account during a given period, you may have to pay this charge
Loan Cancellation Charges - If you wish to cancel your machinery loan after its disbursal, loan cancellation charges would be applicable
Payment Instrument Swapping - If you wish to change or swap your payment mode with a different financial instrument, you might have to pay a payment instrument swapping charge
Duplicate Repayment Schedule - The first copy of your loan repayment or amortization schedule is free. However, if you want a duplicate copy of your loan repayment schedule, you will have to pay a fee for it
Duplicate NOC - A No Objection Certificate or NOC would be sent by your lender once you’ve repaid your entire loan amount. If you end up losing this NOC, you can apply for its duplicate copy by paying a duplicate NOC fee
Post-Dated Cheque Charges - If you’re issuing post-dated cheques or PDCs for EMI payments of your machinery loan, you will be charged a fee known as post-dated cheque charges

Foreclosure Charges

Below are the foreclosure charges applicable on Tata Capital Machinery Loans:

Type of Fee	Applicable Charges
Foreclosure Charges	4.5% of the principal outstanding on existing loan + GST No foreclosure allowed for the first nine months
Foreclosure Charges for Top-up	2.25% on the principal outstanding on the existing + GST Foreclosure charges shall be levied only if the new rate is lower than the existing rate
Foreclosure Charges for CCOD	4.5% on the Dropped Down limit amount + GST No foreclosure is allowed for the first nine months
Foreclosure Letter Charge	Soft Copy – Nil Branch Walk-In – Rs. 199 + GST

Foreclosure Charges - If you wish to make a pre-payment on your machinery loan, whether in part or full, the lender will levy a foreclosure charge. These charges are not applicable on loans taken with floating interest rates
Foreclosure Charges for Top-Up - If you have taken a top-up loan on your machinery loan and want to make a pre-payment on it, whether in part or full, the lender will levy a foreclosure charge for a top-up
Foreclosure Charges on CCOD - If you availed of a Cash Credit or Over Draft facility on your machinery loan and want to foreclose it, the lender will levy a foreclosure charge on CCOD
Foreclosure Letter Charge - If you want to foreclose your loan, you will have to ask for a foreclosure letter from your lender. The soft copy of this letter is usually free, but the lender may levy a foreclosure letter charge for providing a hard copy

How to Apply for a Tata Capital Machinery Loan?

Several lenders allow you to apply for a machinery loan in India through their websites. With Tata Capital, you can apply for a machinery and equipment loan in the following ways:

Branch

Visit your nearest Tata Capital branch, and our representatives there will guide you through the entire loan application process

Locate a Branch

How to Apply for a Tata Capital Machinery Loan?

Several lenders allow you to apply for a machinery loan in India through their websites. With Tata Capital, you can apply for a machinery and equipment loan in the following ways:

Online

Apply online through our website and get your loan approval instantly

Apply Now

Virtual Assistant

Take the help of our 24x7 virtual assistant to apply anytime and from anywhere

Phone Call

Call us on our customer care number at 1860 267 6060 between 9 am and 8 pm on Monday to Saturday to apply through your mobile phone. You can also request a call-back

Request a call back

Avail TATA Capital loans directly from WhatsApp

Apply via WhatsApp

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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

Read All

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

Find the right Loan for you

Machinery Loans

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.

Know More

Machinery Loans

MSME Loans

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.

Know More

MSME Loans

Overdraft Loan

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.

Know More

Overdraft Loan

Small Business Loan

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.

Know More

Small Business Loan

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Machinery Loan

What is a Machinery Loan?

Product Offerings

Loan Amount

Loan Tenure

Interest Rates

Customized Products

No Collateral

Multiple EMI Options

Easy Eligibility

Features and Advantages of a Machinery Loan

Higher Business Productivity

Better Quality

Higher Profits

What are the Eligibility Criteria for a Machine Loan?

What are the Applicable Machinery Loan Interest Rate and Charges?

Miscellaneous Charges

Foreclosure Charges

How to Apply for a Tata Capital Machinery Loan?

How to Apply for a Tata Capital Machinery Loan?

Branch

How to Apply for a Tata Capital Machinery Loan?

Online

Virtual Assistant

Phone Call

Avail TATA Capital loans directly from WhatsApp

More Business Loan products for you

Business Loan for professionals

Business Loan for women

What our customers say about us

Prasenjit Sen

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G BHASKAR

Venugopal Raju

SHEELA AVINASH PATEL

ARJUN KUMAR

Prasanna Shriram Agashe

S hari Haran

THAKOR BHIMABHAI SHANKARJI

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