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Explore the latest business loan interest rates from Tata Capital. Review all the charges related to a business loan before applying.
Business loan interest rates are the annual interest charges expressed as a percentage and charged on the outstanding amount of your business loan. These interest rates can vary from one lending institution to another in India.
At Tata Capital, we provide competitive interest rates, starting from 12% p.a. Your final interest rate will depend on several factors, like income, business turnover, credit score, and others.
Moreover, you need not worry about any hidden charges while applying for a Tata Capital business loan. All fees, including processing, foreclosure, and EMI bounce charges, are communicated properly during loan processing.
The business loan interest rates in India for self-employed individuals may vary from one lending institution to another , and may also depend on the nature of the business and the qualifications of the borrower.
At Tata Capital, business loan interest rates for self-employed individuals range from 12% p.a. to 30% p.a.
At Tata Capital, we provide business loans for self-employed professionals - such as doctors, lawyers, chartered accountants, etc. - at lower interest rates as compared to self-employed non-professionals. Our business loan charges may also differ based on the customer’s profile.
When you apply for a business loan with a lender, it incurs several expenses while processing your loan application. To cover these expenses, lenders charge a business loan processing fee. This fee is charged as a fixed percentage of the sanctioned loan amount.
The processing fees for business loans usually comprise the expenses incurred by the lender to review the borrower’s credit score, check their business loan eligibility, verification of documents, and other administrative charges. This fee is charged as a one-time cost and is non-refundable.
At Tata Capital, we charge a very nominal business loan processing fee of Up to 3% of the loan amount + taxes
This is a charge for late EMI payments, calculated based on the number of days your EMI remains unpaid.
At Tata Capital, For default in payment of interest and/ or principal amounts 3% per month on defaulted amount (Annualized Penal Charge of 36%)
These are those charges that are levied in case of an EMI bounce per instance. In other words, these charges are levied when you miss a Business loan EMI payment due to inadequate funds in your bank account. At Tata Capital, you’ll be required to pay Rs. 600 per instrument per instance
Charges will be levied if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by borrower’s bank for any reasons whatsoever. Tata Capital charges a nominal amount of Rs. 450.
Apart from the interest rate and processing fee, lenders can levy several types of business loan charges to cover unforeseen expenses during the loan tenure. These charges may include document processing fees, collection fees, and foreclosure charges, among others.
The processing fee is a non-refundable fee levied by Tata Capital while processing your loan application. You are charged this one-time fee even if the loan does not get sanctioned.
At Tata Capital, you are charged Up to 3% of the loan amount.
This fee covers the cost of verifying your documents, completing necessary compliance checks, and conducting due diligence before your loan is disbursed.
At Tata Capital, you are charged Rs. 1999.
This is a charge applied for providing a physical copy of the Statement of Account – a statement having a list of all transactions made in your loan account during a given period.
At Tata Capital, you will be charged
Customer portal – Nil
Branch walk-in - Rs. 250
This is a charge applied if you request loan cancellation after the cooling-off period.
At Tata Capital, you will be charged,
2% of the loan amount/ facility amount
OR
Rs. 5750/- (whichever is higher)
This is a government-mandated fee required for legally registering your loan agreement.
At Actuals
Broken Period Interest amount and 1st due date depend on the Disbursement Date and the final figures would be mentioned in the Welcome Letter. Interest for the Broken period (BPI)/ Pre Monthly Instalment Interest (PMII) would be collected as a part of the Interest portion of the first EMI and the differential amount of EMI would be collected at the end of the tenure
This is a charge applied if you choose to repay part of your loan before the end of your loan tenure.
4.5% of the part prepayment amount
This is a charge applied if you choose to repay your entire loan before the end of the contracted loan term.
4.5% of the principal outstanding at the time of foreclosure
Foreclosure Charges for Top-up facility are Not Applicable.
This is a charge applied if you request a change or reduction in the interest rate on your existing Loan.
At Tata Capital, you will be charged
Up to 0.1% of Principal Outstanding
OR
Rs.1000 whichever is greater
CGFMU (Credit Guarantee Fund for Micro Units): A government-backed scheme that provides credit guarantees for collateral-free loans extended to micro-enterprises. It aims to reduce lending risk and promote the growth of small businesses.
CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises): A scheme that offers credit guarantee coverage for loans up to ₹5 crore extended to eligible Micro and Small Enterprises (MSEs), thereby encouraging collateral-free lending.
a) 1.0% for the Credit Guarantee Fund for Micro Units (CGFMU), and
b) 0.5% for the Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE).
Note:
The business loan interest that you need to pay on your business loan depends on several factors, including business loan amount, loan tenure, and the business loan interest rate charged.
This interest rate is expressed as a yearly percentage and is applied to the outstanding principal amount of the business loan.
To calculate the interest rate, lenders multiply your outstanding principal amount by the applicable interest rate.
To simplify, you can simply use a business loan EMI calculator to find out the interest amount and the EMI that you need to pay.
You can also use the following formula to evaluate your business loan EMI:
EMI = [P x r x (1+r) ^n]/[(1+r) ^n-1]
Here,
‘P’ is the Principal Loan Amount
‘r’ is the rate of interest
‘n’ is the loan tenure in months.
Lending institutions offer two categories of business loan interest rates in India, namely, fixed business loan interest rates and floating business loan interest rates.
Fixed Business Loan Interest Rate: In the case of a fixed business loan interest rate, the rate of interest remains fixed throughout the loan tenure. Thus, your EMIs also remain the same.
Floating Business Loan Interest Rate: The applicable interest rate for floating business loan interest rate keeps on changing as per the Repo-Linked Lending Rate (RLLR) that is decided by the Reserve Bank of India (RBI).
Business loan rates in India are decided based on numerous factors, some of which can be controlled by the applicant. Here are a few tips for you to get the lowest business loan interest rate:
Lending institutions determine business loan interest rates after looking at several factors, such as:
A Tata Capital business loan gives you access to adequate business funding at competitive interest rates, which you can use to meet your working capital requirements, expand your business, and upgrade business equipment.
Our business loans are flexible to complement your diverse business-related financial requirements.
Enjoy attractive business loan interest rates starting from 12% per annum. We also offer fixed and structured EMI plans to facilitate easy repayment.
You can also avail of extended loan tenures of up to 60 months with our business loan.
Tata Capital’s business loan doesn’t require collateral; you can conveniently submit your loan application online and get faster approval without standing in long queues.
Tata Capital primarily offers floating interest rates on its business loans. These rates are usually linked to internal benchmarks such as the Repo-Linked Lending Rate (RLLR) or Prime Lending Rate (PLR), which means they may rise or fall depending on market conditions and changes in benchmark rates. This allows borrowers to benefit when interest rates go down, but may also increase EMIs if rates go up. In certain cases or specific loan products, fixed-rate options may be available, but floating rates remain the standard choice.
At Tata Capital, the interest rate you get on a business loan depends on your overall credit profile, business health, and loan details. Here are the key factors:
Credit score: A strong personal or business credit score shows reliable repayment ability and can lower your rate.
Business age & stability: Businesses with a proven track record and stable operations are seen as safer.
Turnover & profitability: Healthy revenue and profits increase your chances of getting a better rate.
Loan amount & tenure: Higher amounts or longer tenures may carry slightly higher interest.
Industry risk: Businesses in stable industries usually enjoy more competitive rates.
Borrowers can also choose between fixed and floating interest rates. A fixed rate keeps your EMI constant throughout the tenure, while a floating rate is linked to market changes, which may cause your EMI to fluctuate. This flexibility ensures that you can select the option best suited to your financial planning and repayment capacity.
To get a business loan from Tata Capital, you generally need a credit score of around 675 or above. A higher score, usually in the range of 700-750+, shows that you have strong repayment ability and financial discipline. This often helps you qualify for business loans at lower interest rates. On the other hand, if your credit score is lower, lenders may see you as a high risk borrower, which can result in higher interest rates or even a possible rejection of your loan application. Therefore, maintaining a good credit score is essential if you want affordable and faster access to funds for your business.
Tata Capital offers flexible repayment tenures for business loans, usually ranging from 12 months to 60 months (1 to 5 years). This flexibility allows businesses to choose a repayment plan that best fits their cash flow and financial goals. A shorter tenure means higher EMIs but lower total interest outgo, while a longer tenure reduces the EMI burden but increases the overall interest paid. With this range, Tata Capital ensures that businesses can manage their repayments comfortably while focusing on growth.
Yes, besides interest, there are several fees and charges when you take a business loan from Tata Capital. Common charges include:
Bounce charges or dishonor charges - Rs. 600 per instrument per instance
Mandate rejection service charges - Rs. 450
Document processing charges - Rs. 1,999
Foreclosure charges – 4.5% of the principal outstanding at the time of foreclosure, Foreclosure Charges for Top-up facility are Not Applicable.
Stamp duty charges - At actuals
Apart from the ones mentioned above, some other charges may also be levied on your business loan. Visit the dedicated Rates & Charges page to know the complete details of your business loan charges.
Yes, Tata Capital generally levies pre-payment or foreclosure charges on business loans. If you choose to repay your loan before the end of the agreed tenure, a fee is charged on the outstanding principal or the reduced (dropped down) amount.
The percentage of this fee varies depending on the loan type and tenure. These charges ensure fair cost recovery for the lender. For the most accurate and updated information, customers should refer to Tata Capital’s detailed Rates & Charges section before making a decision.
Yes, in many cases, you can negotiate the interest rate for your business loan. While Tata Capital publishes standard rates, the actual rate offered often depends on your profile. A strong credit score, healthy business financials, consistent cash flow, and stable turnover can give you leverage for better terms. Comparing loan offers and maintaining a positive relationship with the lender may also help you secure a more favorable rate. To negotiate your interest rate on a business loan, visit your nearest Tata Capital branch with the approval letter or dial our customer care helpline - 1860 267 6060.
No, Tata Capital does not provide a grace period for EMI repayment on standard business loans. EMIs are due on the scheduled dates, and missing payments can lead to penal charges, additional interest, and a negative impact on your credit score.
However, in some specific cases, such as under-construction projects or exceptional circumstances, a moratorium period may be offered. During this period, repayment can be temporarily deferred. It’s important to check the loan agreement carefully and clarify with the lender if such provisions apply to your business loan.
Yes, you can transfer your existing business loan to Tata Capital through our Business Loan Balance Transfer offering. This option allows you to benefit from highly competitive interest rates, flexible repayment tenures, a hybrid term loan, nominal foreclosure charges and even a top-up facility on business loans, convenient repayment options, and doorstep services.
To avail of our tailored credit balance transfer facility, you can get in touch with our customer care executive at 1860 267 6060 or visit our nearest Tata Capital branch, and they will guide you through the entire process.
Tata Capital offers business loans to a wide range of industries and sectors, including manufacturing, trading, services (such as professionals like doctors and CAs), retail, IT, healthcare, and more. Eligibility primarily depends on financial health, profitability, business vintage, and legal structure rather than restricting loans to specific industries.
However, businesses in high-risk sectors may face additional scrutiny or specific considerations during the loan approval process. This approach ensures that a broad spectrum of businesses, including small and medium enterprises, can access funding to support growth and operations.
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