Tata Capital Business Loan Details

Interest RateStarting at 13.50% p.a.
Minimum loan amountRs. 5 Lakhs
Maximum loan amountRs. 75 Lakhs
Repayment tenure12 - 36 months
Processing fee1.50% - 2.50% of loan amount + GST
Foreclosure charges 4.5% - 6.5% of principal outstanding + taxes
Age25 - 65 years  
CIBIL score700 or above

Features of Tata Capital Business Loan

Following are some remarkable features of Tata Capital business loans:

Loan amount: Tata Capital offers business loan amount of minimum Rs. 5 Lakhs to maximum Rs. 75 Lakhs.

Tenure: The repayment tenure of the loan varies from 12 months to 36 months.

Rate of interest: The loan comes with attractive interest rates starting from 13.50% for self-employed doctor & professional, 16.50% for self-employed non-professional, and 19% for others.

Processing fee: The processing fee starting from 1.50% for self-employed doctor & professional, 2% for self-employed non-professional, and up to 2.50% for others plus GST as applicable.

Multipurpose: Loans available for multiple purposes, such as business expansion, working capital, machinery/equipment purchase, stocking inventory, and so on.

Tata Capital Business Loan EMI Calculation

You can calculate Tata Capital Business Loan EMI with Tata Capital EMI Calculator or by using the Business Loan EMI Calculator on our website.

To calculate EMI enter the following information:

  • The loan amount you wish to avail
  • Interest rate
  • Loan repayment tenure

Here is an example:

Loan amount applied for: Rs. 50 Lakhs

Rate of interest applicable: 13.50% p.a.

Tenure chosen: 3 years

In above example, you will have to pay total interest of Rs. 11,08,352 on a loan of Rs. 50 Lakhs. The total amount to be paid to the bank will be Rs. 61,08,352. Your monthly EMI would be Rs. 1,69,676.

Amortization table for the above example:

YearOpening BalancePrincipal to be Paid in a YearTotal Interest to be Paid in a YearTotal Amount to be Paid in a YearClosing Balance
1Rs. 50,00,0006,99,9893,18,07010,18,05943,00,011
2Rs. 43,00,01115,49,1464,86,97120,36,11727,50,865
327,50,86517,71,7192,64,39820,36,1179,79,145
49,79,1459,79,14538,91310,18,059Rs. 0

Tata Capital Business Loan Charges

Processing fees1.50% to 2.50% of the loan amount + GST
Foreclosure6.5% within 9 months  & 4.5% afterwards + GST
Penal interest3% p.m. on overdue amount + GST
Payment bounceRs. 2,000 per cheque/ payment instrument dishonour + GST
Mandate rejectionRs. 450 + GST
Document processingRs. 1,999 + GST
CCOD annual maintenance

·         First Year: 0.75% or 1000 per year, whichever is higher

·         Subsequent Years: 0.50% or 1000 per year, whichever is higher

Statement of accountsRs. 250 + GST for branch walk in
Outstation collectionRs. 100 + GST per repayment instrument
Loan cancellation2% of loan amount or Rs. 5,750, whichever is higher + GST
Post Dated ChequeRs. 850 + GST
Foreclosure letterRs. 199 + GST for branch walk in
Duplicate NOC/ Instrument Swap/ Duplicate Repayment Schedule from BranchRs. 550 + GST

Types of Tata Capital Business Loans

Tata Capital offers the following types of business loans:

Business Loan for Women

This business loan can be taken to meet the small and big business needs of women entrepreneurs, such as business expansion, day-to-day business needs, etc.

o   Loan amount: Rs. 5 Lakhs to Rs. 75 Lakhs.

o   Tenure: Range between 12 months and 36 months.

o   Collateral: Not required.

 MSME/SME Loans

This business loan is specifically used as a single line of credit to fund the needs of small and medium-sized business enterprises. These loans can be used as working capital, for infrastructure creation, hiring competent personnel, or business expansion. 

o   Loan amount: Rs. 5 Lakhs to Rs. 75 Lakhs.

o   Tenure: Range between 12 months and 36 months.

o   Collateral: Not required. 

Machinery Loan

This is business loan can be availed of for financing the purchase of new machinery or equipment for a business. It allows you to upgrade to newer technologies which can help produce more units in lesser time.

o   Loan amount: Rs. 5 Lakhs to Rs. 75 Lakhs.

o   Tenure: Range between 12 months and 36 months.

o   Collateral: Not required.

 

Why Choose Tata Capital Business Loan?

No collateral: Tata Capital offers collateral-free business loans that do not require any professional or personal assets to secure financing.

  • Customised business loan: To suit the requirement of every individual business owner.
  • Simple & quick processing: They do not bother the applicant with lengthy formalities except for the statutory requirements prescribed by law.
  • Competitive interest rates: Everything is tailored as per the borrower's affordability and convenience.
  • Flexible repayment: You can choose EMI as per your convenience
  • Minimal documentation: They require simple details like income and purpose of the loan.

Comparison of Tata Capital Business Loan VS Other Providers

Name of LenderRate of Interest (per annum)Processing FeeMaximum Loan Limit
Tata Capital13.50% onwards1.50% - 2.50% + GSTRs. 75 Lakhs
HDFC Bank11.90% - 21.35%0.99% - 2.50%Rs. 50 Lakhs
Axis Bank9% - 18.50%Up to 2% + taxesRs. 50 Lakhs
ICICI Bank10% - 11.10%Up to 2% + taxesRs. 2 Crores

Tata Capital Business Loan Documents Required

  • Following are the documents required for availing a business loan from Tata Capital:
  • Company bank statements of last 6 months.
  • Income Tax Returns of last 2 years.
  • Balance sheet and Profit & Loss accounts last 2 years audited by a registered Chartered Accountant (CA).
  • KYC documents of the company and business owners.
  • A report with detailed information on how you will utilise the loan amount.
  • Photo identity proof, such as Aadhar Card/ Passport/ Driving license/ Voter ID.
  • Bank statements
  • Business proof

Tata Capital Business Loan Eligibility

Below are the Tata Capital business loan eligibility criteria:

  • Minimum age: Must be at least 25 when applying for the loan
  • Maximum age: Must not be above 65 years when the loan matures.
  • CIBIL score: Should be at least 700 or above.
  • Profitability: Your business must be profitable for at least 3 successive financial years.
  • Turnover: The turnover of your business must display an upward trend.
  • Balance sheet: Your balance sheet should be audited by a registered CA.

Tata Capital Business Loan Customer Care

You can call Tata Capital for any query, including for Business Loans at their toll-free number 1860 267 6060 between 9 AM to 8 PM, Monday to Saturday. The service is closed on Sundays and Public Holidays.

You can also send an email at contactus@tatacapital.com or customercare@tatacapital.com.

Visit your nearest branch you registered office of Tata Capital:

Registered Office Address:

11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013.

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Tata Capital Business Loan FAQs

Why Tata Capital Business Loan?

The Tata Capital Business Loans are attractive as they come loaded with features such as:

  • Pre-approved offers for existing customers
  • No security or guarantor for Business Loan
  • Flexible repayment options
  • Convenient online access to all details regarding Business Loan
  • Unsecured loan up to 50 Lakhs
  • Minimum documentation
  • Quick online approval if required minimum documents provided

What are the documents required to process the Tata Capital Business Loan application?

Following documents are required to process the loan application:

  • Duly filled application
  • KYC documents of the company including Pan card, registration of incorporation, partnership deed, Memorandum and Articles of Association.
  • Balance Sheet and Profit & Loss account statement for the past 2 years
  • Income Tax returns for the last 2 years
  • Bank statements of the company for the last 6 months
  • GST returns for the last 6 months
  • A detailed report as to how the Business Loan will be used

Who can get Tata Capital Business Loan?

Business Loans are offered to both self-employed professionals and non-professionals. For professionals like doctors there is a special loan scheme with competitive interest rates and quick disbursal. The loan will also be given to proprietorship firm, partnership firms, private limited companies, trusts, societies, closely held public limited companies, nursing homes, hospitals, and pathology laboratory.

Who is eligible for the Tata Capital Business Loan?

To be eligible for the Tata Capital Business Loan, the applicant should:

  • Be in the age group of 25 years to 65 years
  • Have been in the business atleast 3 consecutive years
  • Have had cash profits for the past 2 years
  • Have improved turnover year on year
  • Have an audited balance sheet

What is the maximum loan amount available for someone seeking the Tata Capital Business Loan?

Up to a maximum of 50 Lakhs is available as loan amount depending on the applicant's income and credit score.

What is the loan tenure available for Tata Capital Business Loan?

The Tata Capital Business Loan can be repaid within 12 to 36 months.

Is the interest rate fixed or floating for Tata Capital Business Loan?

The interest rate for the Tata Capital Business Loan is fixed and starts from 13.50%

What is the mode of repayment?

The Tata Capital Business Loan can be repaid through PDCs or ECS or by debit to the bank account.