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Tata Capital Business Loan

Apply Tata Capital Business Loan

4.5

Max Tenure

12 - 48

Best Rate

1.42% P.M

Processing Fee

2.5%

View Details

Features

  • OD facility for loan upto 5 lacs
  • End to end digital process
  • Unsecured business loan upto 75 lacs
  • Minimum business vintage upto 1 year

Pricing

  • Interest rate: starting from 17% to 28% P.A.
  • Processing Fee: 2.5% on sanctioned amount

Documents Required

  • Pan & Aadhar
  • Ownership proof
  • Last 6 months Current account statement
  • Business registration proof (Not Mandatory)
  • Latest 2 yrs ITR & computation (Not mandatory)
  • Last 6 months GST returns (Not mandatory)
  • Last 2 yrs audited financial statement (Not mandatory)
  • Last 2 years tax auidt report(Not mandatory)
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Whether you're self-employed or running a business, Tata Capital Ltd. offers loans for both. They offer term loans, cash credit, overdrafts, letters of credit, equipment financing, lease rental discounting, loans against securities, and more.

Their business loan schemes include loans for women, MSMEs, machinery, working capital, structured products, construction finance, and equipment financing and leasing. This non-banking financial company (NBFC) offers business loans with few documents, quick approvals, and fast disbursals.

Tata Capital's new business loans can help you get money easily to meet your short-term and medium-term business needs. You can use the loan to buy new technology, open a new store, or manage your cash flow. Their business loans come with structured EMIs and long repayment terms.

Tata Capital Business Loan

Tata Capital Business Loan Eligibility Criteria

Tata Capital offers a convenient path to achieving your business loan goals. You can submit an online application for loans as high as 90 lakh rupees. Here's what you need to qualify:
  • You must be at least 21 years old and no older than 65 when the last payment is due.
  • Your credit score should be 675 or higher.
  • Your business must be profitable.
  • To qualify, your business should be operational for 2 years or more.
  • Your bank account should have at least 5,000 rupees.

Who can apply?

Self-employed people, sole proprietorships, partnerships, limited liability partnerships, private limited companies, closely held public limited companies, Hindu Undivided Families, trusts, and societies can apply for a business loan from Tata Capital.

Tata Capital Business Loan Interest Rates

Tata Capital offers competitive interest rates. For professionals, rates start at 13.25% per year, and for non-professionals, they start at 16% per year. They decide the best rate for you based on your eligibility, income, business turnover, credit score, and other factors.

Tata Capital ensures no hidden charges when you apply for a business loan and they will be clear about all fees, including processing fees, foreclosure charges, and EMI bounce charges, when you apply.

Fees and Charges:

Fee/ChargeDescriptionAmount

Processing Fee

Upfront fee for loan processing

Up to 4% of loan amount

Penal Charges

For delayed payments

3% per month on defaulted amount

Cheque/Payment Instrument Dishonour

For bounced EMI payments

Rs. 600 per instance

Mandate Rejection Service Charge

For failed EMI mandates

Rs. 450

CCOD Annual Maintenance Charges

For using credit card overdraft facility

0.75% or Rs. 1000 in the first year, 0.50% or Rs. 1000 in subsequent years

Document Processing Charges

For processing loan documents

Rs. 1999

Statement of Accounts

For obtaining a statement

Soft copy: Nil, Branch walk-in: Rs. 250

Part-Prepayment/Prepayment/Foreclosure Charges

For early repayment

Varies based on loan type and tenure

Loan Cancellation Charges

For cancelling the loan

2% of loan amount or Rs. 5750, whichever is higher

Payment Instrument Swapping

For changing payment methods

Rs. 550

Duplicate Repayment Schedule

For obtaining a duplicate schedule

Soft copy: Nil, Branch walk-in: Rs. 550

Duplicate NOC

For obtaining a No Objection Certificate

Rs. 550

Foreclosure Letter Charge

For obtaining a foreclosure letter

Soft copy: Nil, Branch walk-in: Rs. 199

Post-Dated Cheque Charges

For issuing post-dated cheques

Rs. 850

Stamp Duty

As applicable by the government

Varies

Outstation Collection Charges

For collecting payments from outside the city

Actuals

NACH/PDC Charges

For using NACH or PDC payment methods

Rs. 850

Legal Charges

For legal proceedings

Actuals

Broken Period Interest

Interest for the period from disbursement to the first EMI payment.

As applicable

Note:

  • All amounts are net of taxes.
  • GST, other government taxes, and levies will be applicable on all fees and charges.

Tata Capital Business Loan Features and Benefits

  • No Collateral Required: You can get a loan without putting up any of your assets as security.
  • Quick and Easy: The online application process is simple and fast. You don’t need a lot of paperwork.
  • High Loan Amounts: You can borrow up to 90 lakh rupees.
  • Flexible Repayment: Opt for a repayment term within the range of 12 to 60 months. You can pick a fixed EMI or a structured EMI to suit your cash flow.
  • Low Interest Rates: They offer competitive interest rates with no hidden fees.
  • Few Documents Needed: You only need a few basic documents to apply.
  • Different Loan Options: They offer loans for women, small businesses, working capital, and buying equipment.
  • Online Tools: Use online tools to calculate EMIs, prepayments, and more.
  • Clear and Simple: The process is transparent, with no hidden fees.
  • Great Customer Service: Their team stands by, ready to offer help whenever you need it.

Tata Capital Business Loan Required Documents

Document TypeRequired Documents

KYC Documents

PAN Card, Aadhaar Card/Voter ID/Driving License/Passport

Business Proof

Business Registration Certificate, Trade License, Establishment Certificate, GST Registration Certificate, Partnership Deed Agreement, or Sole Proprietorship Declaration

Income Proof

Last 2 years' Income Tax Returns (ITRs) and Computation of Income, Last 2 years' Audited Financials with Tax Audit Report, Profit and Loss Statements, Balance Sheet

Bank Statements

Current account bank statements and GST statements for the last 6 months

Tata Capital Business Loan Application Process

1. Tata Capital Business Loan Online Application

Tata Capital simplifies the process of obtaining a business loan in India with a streamlined 5-step application process.

    Step 1: Online Application

    Begin your journey by filling out their user-friendly online application form. Simply provide the necessary details about your business and financial information.

    Step 2: Document Submission

    Once you've completed the application form, upload the required documents to the secure portal. These documents typically include proof of identity, address, income, and business ownership.

    Step 3: Verification Process

    Their dedicated team will carefully review your application and submitted documents to verify your eligibility and assess your business's financial health.

    Step 4: Loan Approval

    Upon successful verification, they will notify you of the loan approval decision. If approved, you'll receive a loan sanction letter outlining the terms and conditions.

    Step 5: Disbursal of Funds

    Once you accept the loan offer, they’ll promptly disburse the loan amount directly to your bank account. You can then utilise these funds to meet your business's specific needs, such as expansion, working capital, or equipment purchases.

    2. Tata Capital Business Loan Offline Application

    • Find a Branch: Locate the nearest Tata Capital branch using their website or by calling customer service.
    • Visit the Branch: Go to the branch during business hours with the required documents.
    • Talk to a Representative: Discuss your business needs and the type of loan you want.
    • Fill Out the Application: Get an application form from the branch and fill it out completely.
    • Submit Documents: Provide necessary documents like business registration, financial statements, bank statements, ID proof, PAN card, and income tax returns.
    • Verification Process: Tata Capital will check your information and may contact you or visit your business.
    • Loan Approval and Disbursement: If approved, you'll get a loan sanction letter. Once you accept, the money will be sent to your bank account.

    Tata Capital Business Loan for Small Businesses

    Tata Capital offers the best business loans in India to help new entrepreneurs succeed.

    If you own a small or medium-sized business, you can get an MSME loan to grow your business.

    They also offer business loans for new businesses at low interest rates to support entrepreneurs.

    You can use a business loan calculator to see how much you'll pay each month and plan your repayments.

    Women entrepreneurs can apply for special business loans with extra benefits.

    Their loan requirements are simple and applying for a business loan is easy. You can apply online, call their customer service number, or visit a Tata Capital branch.

    Tata Capital Business Loan Approval Time

    Application Submission:

    They start processing your application right away, as long as you submit all the required documents correctly.

    Preliminary Verification:

    They verify your identity, business details, and basic eligibility. This usually takes 1-2 business days.

    Detailed Assessment:

    They assess your finances and creditworthiness. This can take 3-7 business days, depending on the complexity of your loan and the amount you're requesting.

    Approval Decision:

    If everything checks out, they will let you know if your loan is approved within 5-10 business days.

    Disbursement of Funds:

    Once you've approved the terms, they’ll disburse the loan amount within 24-48 hours.

    Tata Capital Business Loan Repayment Tenure

    Choose a repayment term between 12 and 60 months.

    • Longer Term, Lower Payments: Select a longer term for smaller monthly payments.
    • Shorter Term, Higher Payments: Choose a shorter term for larger monthly payments.

    Pick a repayment plan that fits your business's cash flow.

    • Fixed EMI Plan: Pay the same amount each month.
    • Structured EMI Plan: Customise your payments to match your income.

    Tata Capital Business Loan Financial Assistance

    Key Features of Tata Capital Business Loan Financial Assistance

    How Much Can You Borrow?

    You can borrow between ₹50,000 and ₹75 lakhs, depending on your eligibility.

    Do You Need Collateral?

    Many of their loans don't require collateral, so you don't have to pledge your assets.

    Flexible Repayment

    Choose a repayment term between 12 and 60 months to fit your cash flow.

    Competitive Interest Rates

    Interest rates start from 19% per annum, but they can vary based on your creditworthiness and business performance.

    Tailored Solutions

    They offer loans customised to your business size, revenue, and funding needs.

    Quick Disbursal

    Get your funds quickly, often within 24-48 hours of approval.

    Easy Online Application

    Apply online with minimal paperwork.

    What Kind of Financial Assistance Do They Offer?

    • Working Capital Loans: For daily operations and short-term needs.
    • Term Loans: For long-term investments like expansion or upgrades.
    • Machinery and Equipment Loans: For buying or upgrading equipment.
    • Overdraft Facilities: For quick access to funds.
    • Business Expansion Loans: For opening new branches or entering new markets.
    • Invoice Discounting: Get advance payments for unpaid invoices.

    Who Can Apply?

    • Business Age: Your business should be at least 2 years old.
    • Annual Turnover: You need a steady income to meet their requirements.
    • Credit Score: A good credit score (700+) increases your chances of approval.
    • Documents: You'll need financial statements, proof of ownership, and ID and address proof.

    Disclaimer: All the features, interest rates, steps, and other information specified above are sourced when this page was written and are subject to change. For exact information, refer to Tata Capital’s website or contact them.

    Tata Capital Business Loan FAQs

    1. Who is eligible to apply for a Tata Capital Business Loan?

    Individuals, sole proprietors, partnerships, private companies, and self-employed professionals running profitable businesses for at least two years can apply.

    2. What is the interest rate for Tata Capital Business Loans?

    The interest rate starts at 13.25% for professionals and 16% for non-professionals, based on eligibility and creditworthiness.

    3. What is the maximum loan amount offered by Tata Capital?

    Tata Capital offers business loans of up to ₹90 lakh depending on your business needs and eligibility.

    4. What documents are required for a Tata Capital Business Loan application?

    You need KYC documents, proof of business, income tax returns, financial statements, and bank statements.

    5. How long does Tata Capital take to approve a business loan?

    Loan approval typically takes 5–10 business days after document verification, with funds disbursed within 24–48 hours post-approval.

    6. What repayment tenure options are available?

    Repayment terms range from 12 to 60 months, with flexible EMI plans based on your cash flow.

    7. Are Tata Capital Business Loans secured or unsecured?

    Most Tata Capital business loans are unsecured, meaning no collateral is required.

    Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.

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    CreditMantri Finserv Private Limited

    CIN No

    U72100TN2012PTC085154

    IRDAI Registration Number

    CA0665

    Valid Till

    01-Aug-2025

    ADDRESS

    CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002

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