Vehicle Loan

ABOUT VEHICLE LOANS

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Know more about our offerings

Key Features

Loan Amount

₹ 3 L - 50 L

Loan Tenure

12 - 36 months

Interest rate starting at

19% to 23%

View our Flexi EMI Options

Advantages

Multiple Product Offering

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An propriae euripidis intellegebat quo, et vix modo prodesset percipitur. Sea semper elaboraret ei. Eam platonem oportere eu, rebum gubergren no eam. Mel ad tation nostrum ocurreret, mentitum luptatum duo at, congue dolorum noluisse vim eu. Est nobis volutpat et, usu esse scripserit et. Sea eros legimus sadipscing an.

No Security

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Structured EMI option

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High Eligibility

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Multiple Product Offering

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An propriae euripidis intellegebat quo, et vix modo prodesset percipitur. Sea semper elaboraret ei. Eam platonem oportere eu, rebum gubergren no eam. Mel ad tation nostrum ocurreret, mentitum luptatum duo at, congue dolorum noluisse vim eu. Est nobis volutpat et, usu esse scripserit et. Sea eros legimus sadipscing an.

No Security

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An propriae euripidis intellegebat quo, et vix modo prodesset percipitur. Sea semper elaboraret ei. Eam platonem oportere eu, rebum gubergren no eam. Mel ad tation nostrum ocurreret, mentitum luptatum duo at, congue dolorum noluisse vim eu. Est nobis volutpat et, usu esse scripserit et. Sea eros legimus sadipscing an.

Structured EMI option

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High Eligibility

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PAYMENT OPTIONS

PAY ONLINE

Pay your EMI using our website or mobile anytime, anywhere.

DROP A CHEQUE

Select a nearby branch to drop a cheque at your convenience.

Setup ECS

Set-up your monthly payment through Electronic Clearing Service (ECS). Your EMI amount will be automatically deducted at the end of every month.

PLANNING TO TAKE A VEHICLE LOAN?

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CUSTOMER SPEAK

Business Loan Eligibility

You should be in the age group of 25-65 years Your business must be profitable for three consecutive financial years Your turnover needs to show an upward trend Your balance sheet must be audited by a registered Chartered Accountant Loan should be the existing business

Documents required

Photo Identity Proof (Any One)

Business Loan application form with passport size photographs Voter ID /Passport/Driving License/ Aadhaar card/

Business Proof

/Trade License/Establishment/Sales Tax Certificate Ownership documents Sole Proprietorship Declaration or certified copy of Partnership Deed Income Tax Returns along with computation for the last two years P/L Profit/Loss statement and balance sheet for last two years

Bank Statements

Certified bank statements for the last six months

PDC Charges

Rs. 850

Bouncing Charges (per event)

Rs. 450

Cancellation Charges

2% of business loan amount or Rs. 5750 whichever higher

Duplicate NOC

Rs.550

Swapping Charges (for payment mandate)

Rs.600

Foreclosure Charges

4.5% of the principal outstanding at the time of foreclosure along with applicable taxes, if any

Foreclosure Charges for Top Ups

2% on future principal outstanding on existing business loan + GST

Miscellaneous Charges

Duplicate Repayment Schedule

Rs. 550

Legal action under Section 138 of Negotiable Instruments Act, 1881, and/or Section 25 of Payments and Settlements Systems Act, 2007

Rs. 3400

Initiation of Arbitration Proceedings

Rs. 4000

Obtaining of Receiver Order from a District Court

Rs. 4000

Obtaining of Receiver Order from the High Court

Rs. 13500

Issue of Legal Notice (per notice)

Rs. 125 to Rs. 300

Execution of Award

Rs. 5600

ONLINE

Apply for the Business Loan online, and get the right kind of business loan approved for you

PHONE

Got a question? Call us on our toll-free number at 1800 209 6060 from 9am to 8pm Monday to Saturday. You can request a call back too.

VIRTUAL ASSISTANT

Don’t have time for someone to address your doubts. We give you real-time answers to all your queries with our 24/7 virtual assistant.

BRANCH

Visit our branch and talk to our lending expert.

Fixed EMI

Under Fixed EMI, the interest and principal component charged to you is fixed during the entire loan tenure.

IDEAL-IF

You have a consistent income

Structured EMI

Our Structured EMI option allows you to select a repayment method that suits you best

IDEAL-IF

You expect your income to increase at regular intervals

EMI Options

No one understands your business better than you and that’s why we leave it up to you to customise your business loan repayment. You will be in full control of your business loans with us.

KNOW MORE ABOUT EMI OPTIONS

Getting Started

What is a Business Loan?

Whether you are new to business, experiencing a slowdown, need funds to ensure cash flow, access to working capital, hire new employees, buy new equipment, or expand your business, no matter what your business plans and needs are, our Business Loans can help you get quick funds when you need them most. Tata Capital’s Business Loans are designed to meet your financial needs with flexible repayment options and customisable loan options to keep you growing your business. Getting money to meet your immediate need is simple, secure, and easy with our unsecured Business Loans.

Why Tata Capital Business Loan?

Here’s why our Business Loan is the perfect match for you: • We don't ask for any security or guarantor for our Business Loan • You get the flexibility of choosing from business loan repayment options • For our existing customers, we regularly provide exclusive pre-approved offers on business loans • Convenient Online access to all details regarding your business loan. • We offer unsecured business loans up to Rs 50,00,000 • We seek minimum documentation • We give you quick online approval once you share the minimum documents we need

What are the documents required for a Business Loan?

We ask for minimal documents in order to process your Business Loan: • Duly filled application form • KYC documents of the company including PAN Card, Registration of Incorporation, Partnership deed, Memorandum & Articles of Association. • KYC documents of the business owners • Balance sheet and Profit & Loss accounts for the last two years • Income Tax Returns for the last two years • Company bank statements for the last six months • A report detailing how the Business Loan will be used Learn more about Business Loan Eligibility & Required Documents for further details.

Who can get a Business Loans?

We offer Business Loans to both professionals and non-professionals, who are self-employed. Among self-employed professionals, we have exclusive loans for doctors. These loans are approved quickly and are available at competitive interest rates. The customer segments covered under Business Loans are listed below: • Sole Proprietorship • Partnership Firm • Private Limited Companies • Closely held Public Limited Companies • Societies • Trusts • Hospitals, Nursing Homes, Diagnostic Centers, Pathological Labs

What are my options to repay a Business Loan?

You can repay through Post Dated Cheques, Electronic Clearance Service (ECS) or Direct Debit.

How can I get a Business Loan?

To avail a Business Loan, simply apply online or call 1800-209-6060. You could also e-mail us at contactus@tatacapital.comor visit any of our branches.

Can I get a Business Loan without collateral?

Yes, you can get a Business Loan without any collateral or security.

Eligibility

Am I eligible for a Business Loan?

You are eligible for a Business Loan if you: • Are between 25-65 years of age • Have business that shows a profit for the last three consecutive financial years • Have business that shows an upward turnover trend • Are able to show balance sheet that is audited by a registered Chartered Accountant

Loan Details (Amount & Tenure)

How much EMI do I need to pay?

Your EMI depends on the loan amount. Please use our Business Loan EMI Calculator to know exactly how much you need to pay.

What is the maximum amount can I take through a Business Loan?

You can take up to Rs 50 lakhs and more depending on your credit score.

How long can I take to repay the loan?

Anim pariatur cliche reprehenderit, enim eiusmod high life accusamus terry richardson ad squid. 3 wolf moonYou can take up to 36 months to repay your Business Loan.

Is the interest rate fixed or floating?

The interest rate for Business Loan is fixed.

What the mode of repayment?

You can repay through Post Dated Cheques, Electronic Clearance Service (ECS) or Direct Debit.

Flexible EMI Plans

Step Up Flexi EMI Plan

This repayment option allows you to pay lower EMIs in the beginning and as your income grows you pay higher EMIs. • Provides higher Business Loan eligibility • Pay more when you can afford • Helps to manage income flow efficiently

Step Down Flexi EMI Plan

Step Down Flexi EMI Plan offers flexibility to pay higher EMIs in the beginning and lower ones at the end. • Reduces interest substantially • Helps in finance management • Provides higher Business Loan eligibility Ideal if: You have a high disposable income

Bullet Flexi EMI Plan

Bullet Flexi Plan allows you to pay principal in parts along with EMIs. • Provides higher Business Loan eligibility • Reduces interest substantially • Regular EMI payment Ideal if: You receive periodic incentives at work

Know How It Works

You can run your business without any disruptions by just completing a simple and secure form which takes less than 10 minutes. Then upload the necessary documents and your loan will be approved within just days.

Know How To Apply

Online Apply online through our website. Phone Our customer support team is happy to help you, call us on toll-free number at 1800 209 6060 from 9 am to 8 pm Monday to Saturday. You can request a call back too. Branch Walk into your nearest branch and apply for a Business Loan.

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VEHICLE LOAN

ABOUT VEHICLE LOANS

Know more about our offerings

PAYMENT OPTIONS

PLANNING TO TAKE A VEHICLE LOAN?

CUSTOMER SPEAK

PDC Charges

Bouncing Charges (per event)

Cancellation Charges

Duplicate NOC

Swapping Charges (for payment mandate)

Foreclosure Charges

Foreclosure Charges for Top Ups

Miscellaneous Charges

EMI Options

Find the right vehicle loan for you