Business Loan Key Features
One of the greatest challenges for budding entrepreneurs or small business owners is getting funds to meet the working capital gap and take their business to the next level. And obtaining a business loan can exponentially boost their business prospects. But to get the maximum financial benefits, one must choose the right kind of loan for their business funding. You can avail Tata Capital business loans for funding requirements, business expansion, raw material purchase, etc. that come with following features.
a. Multiple Loan Programs
With Tata Capital Multiple Loan Programs for business finance, you can acquire the necessary funding to sustain in this competitive world. These loan programs are assessed by an expert team based under turnover, cash profit and banking. The loan programs are even available for qualified medical doctors.
b. Transparent Interest Rates
Business loan interest rates are based on diverse factors such as credentials of the borrower, cost of funds, loan tenure and market dynamics. Interest rates offered by Tata Capital are transparent adhering to the best market practices.
c. Flexi EMIs
A one-of-a-kind product offer from Tata Capital, Flexi EMI option enables you to customize your loan repayment as per your convenience. You get to choose a repayment plan that suits your cash flow. These Flexi EMI plans include:
- Step Up Flexi EMI Plan - With this plan, you can increase your fixed monthly EMIs each year to meet the profit increment.
- Step Down Flexi EMI Plan - This option allows you to lower your EMIs gradually, as your business starts making more profit, in order to repay your loan faster.
- Bullet Flexi EMI Plan - In this option, you can repay your loan for business periodically to significantly lower your EMI.
d. Hassle Free Loan Disbursement
Commercial loans offered by Tata Capital are usually approved within 3 business days after a duly-filled loan application and all documents are submitted.