With Tata Capital, you can enjoy highly competitive interest rates on business loans. Among several other factors, our interest rate on business loan depends on the nature of the business and the qualifications of the borrower. For self-employed non-professionals, Tata Capital’s business loan interest rates range between 15% and 25%, whereas for self-employed professionals and doctors, it ranges between 13% and 17.5%.
Furthermore, you have the flexibility to choose between fixed and floating interest rate on business loan. If you opt for the fixed rate, your interest rate on business loan will remain the same throughout your loan tenure. However, if you opt for the floating or variable rate, your interest rate on business loan may change during its tenure, depending on certain external factors. As a result, your EMIs may also change.