Tata Capital Business Loans are designed to fuel the aspirations of entrepreneurs and business owners. They offer a range of financial solutions to meet your enterprise needs or expenses of a growing business.
These loans are provided with swift approval process, at competitive interest rates, and with flexible repayment terms, making them an ideal choice. Businesses looking to expand, invest in new equipment, manage working capital, or pursue new opportunities, can opt for the different types of instant business loans.
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Tata Capital Business Loan Details
Tata Capital offers business loans customised to meet the diverse needs of entrepreneurs and enterprises.
Check out the details of Tata Capital’s Business Loans to empower you with the knowledge you need to make informed financial decisions for your business:
| Loan Amount | ₹40,000 to ₹75 lakhs |
| Loan Tenure | 12 – 60 months |
| Interest Rates | 15% per annum onwards |
Note: Tata capital business loan interest rates change based on the type of business loan and are subjective.
Tata Capital Business Loan Interest Rates
Interest rates are an important factor in taking a loan; a good interest rate that goes in line with your expenses will help you save in the future.
There are several factors that influence Tata Capital business loan interest rates, but here are the general rates offered by Tata business loan:
| Self Employed/Non Professionals | 15% to 25% p.a. |
| Self Employed doctors | 12% to 15% p.a. |
| Self Employed professionals (not doctors) | 13% to 17.50% p.a. |
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Tata Capital Business Loan Fees & Charges
Apply for a business loan, as they come with careful consideration it is easy to plan and pay the interest amount and charges. These factors determine how your loan or your EMI will be affected To make your Tata business loan experience easier, the table below showcases various charges and fees while taking a TATA capital business loan:
1. Bounce Charges: Rs 2000 for every Cheque/ Payment Instrument Dishonor + GST
2. Mandate Rejection Service Charge: Rs 450 + GST
3. CCOD Annual Maintenance Charges:
First Year: 0.75% or 1000, whichever is higher per year, will be deducted from the limit and shall be payable at the end of the 13th month
Subsequent Years: 0.50% or 1000, whichever is higher per year, will be deducted from the limit and shall be payable at the end of the 13th month
4. Document Processing Charges: Rs 1,999 + GST
5. Foreclosure Charges:
4.5% on the future principal outstanding on the existing loan + Applicable taxes
No Foreclosure is allowed in the first 9 months. 6.5% charges if foreclosed within 9 months
6. Loan Cancellation Charges:
2% of the loan amount or Rs 5750, whichever is higher + GST
7. Payment Instrument Swapping: Rs 550 + GST
8. Duplicate NOC: Rs 550 + GST
9. Post Dated Cheque Charges: Rs 850 + GST
10. Stamp Duty: As applicable
Calculate EMI For Tata Capital Business Loan
Calculating the EMI for a Tata Capital business loan is a straightforward process, thanks to the availability of Business Loan EMI calculators. The tool helps you plan the monthly expenses by predicting the instalments over the tenure you’ll need to repay.
To calculate your EMI, you’ll typically need to input details such as the loan amount, interest rate, and loan tenure. The calculator will then provide you with a precise EMI figure.
Your Amortization Schedule (Yearly/Monthly)
Tata Capital Business Loan Eligibility Criteria
This guide outlines the key factors Tata Capital considers when assessing business loan applications, providing an overview of the eligibility criteria to help improve your chances of approval.
Explore the requirements for business loan on Tata capital and get closer to securing your business loan:
Age: 25 to 65 years
Business should be profitable for 3 consecutive financial years
Business turnover must show an upward trend
CIBIL/credit score should be 700 or above
Balance Sheet and Profit & Loss Account audited by a registered CA
Sole proprietorships, partnerships, companies, societies, trusts, and healthcare organisations.
Documents Required for Tata Capital Business Loan
Check the essential paperwork and documentation you need to prepare for your Tata Capital business loan application.
The table below provides an overview of the required documents to streamline your loan approval process for different TATA Capital Business Loan:
| Identity Proof | PAN Card, Voter ID, Driving License, Passport |
| Bank statement | Last 6 months bank statements of the company |
| Tax Returns | Last 2 years Income Tax Returns |
| Income Proof | Balance sheet/ profit and loss account of last 2 years |
| KYC | KYC documents of business and business owners |
| Business Proof | Trade License, Sales Tax Certificate, Sole Proprietorship Declaration, Partnership Deed, Income Tax Returns along with computation for last 2 years or financial statements (Profit and Loss Statement and Balance Sheet) for the last two years |
Compare Tata Capital Business Loans Over Other NBFCs
Comparing Tata Capital Business Loans with other NBFCs is a great approach to have a better understanding of what other banks or NBFCs offer.
| Top Business Loan NBFCs | Interest Rate (p.a.) |
|---|---|
| Tata Capital | 12% onwards |
| Bajaj Finserv | 9.75% onwards |
| Flexiloans | 12% onwards |
| HDB Financial Services Ltd. | Up to 36% |
| Indifi | 18% onwards |
| Mcapital | 24% onwards |
| NeoGrowth Finance | 18% onwards |
| Aditya Birla Capita | 14% onwards |
| InCred | 12% onwards |
| IIFL | 14% onwards |
Note: The interest rates mentioned above are subject to change at the lenders’ discretion.
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Features & Benefits of Tata Capital Business Loan
Enjoy a range of exclusive features and benefits that come with a Tata Capital Business Loan:
Types of Tata Capital Business Loans
Tata Capital offers a wide range of business loans to meet the diverse needs. Tata Capital business loans are designed to help businesses finance their growth and expansion plans, purchase equipment, improve cash flow, and meet unexpected expenses.
Here are the different types of Tata Capital Business Loans:
Tata Capital Working Capital Loan
Tata Capital offers a variety of business loans for working capital, to take care of urgent financial needs including
Working Capital Demand Loan:
Loan provides a flexible line of credit for short-term financial needs,such as paying salaries, inventory, and other operating expenses.
The repayment tenure for this loan can range from 12 to 60 months.
Working Capital Overdraft Loan:
This loan allows businesses to overdraw on their current account up to a pre-approved limit.
Helpful for businesses that need to cover unexpected expenses or short-term cash flow gaps.
The interest on this loan is charged only on the amount that is withdrawn.
Invoice Discounting Loan:
This loan allows businesses to convert their outstanding invoices into cash, even before they are paid by their customers.
This can help businesses to improve their cash flow and meet their working capital needs.
Structured Products:
Tata Capital also offers a variety of structured financial products that can be customised to meet the specific working capital needs of businesses.
These products may include a combination of different types of loans, such as working capital demand loans, overdraft loans, and invoice discounting loans.
Tata Capital MSME/SME Loans
Tata Capital Business Loan for MSME/SME is a collateral-free loan that helps businesses grow. It can be used for a variety of purposes, including purchasing equipment, expanding operations, and hiring staff. The MSME loans are offered by various lenders including Tata Capital, let’s go through details from below:
| Interest Rate | 15% p.a. onwards |
| Loan Amount | Rs 5 lakh to Up to Rs 75 lakh |
| Tenure of Loan | Up to 3 years |
Tata Capital Business Loan for Women
Tata Capital Business Loan for Women is designed to help women entrepreneurs scale their businesses. It is a collateral-free loan with flexible repayment options.
Interest Rate:
| For self-employed non-professionals | 15% – 25% p.a. |
|---|---|
| For self-employed doctors | 12% – 15% p.a. |
| For self-employed professionals other than doctors | 13% to 17.50% p.a. |
Loan Amount : Rs 5 lakh to Up to Rs 75 lakh
Tenure of Loan: Up to 3 years
Tata Capital Business Loan for Machinery
Tata Capital Business Loan for Machinery helps businesses buy new machinery and equipment without collateral and with flexible repayment options.
Interest Rate: 15% p.a. onwards
Loan Amount : Rs 5 lakh to Up to Rs 75 lakh
Tenure of Loan: Up to 3 years
Tata Capital Term Loans
Tata Capital Business Loan for Machinery helps businesses buy new machinery and equipment without collateral and with flexible repayment options.
Interest Rate: 15% p.a. onwards
Loan Amount : Up to Rs 2 crores
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Tata Capital Business Loan Structured Products
Tata Capital Business Loan Structured Products are customised financing solutions designed to meet the specific needs of businesses of all sizes. Here are some of the options offered by Tata Capital under this facility:
Debt Syndication: Tata Capital debt syndication is a service that helps businesses raise funds (in rupee and foreign currency) for a variety of purposes, such as business expansion, acquisition, refinancing, and debt restructuring.
Structured investments: Tata Capital Structured Investments is a service that provides businesses with access to mezzanine capital in the form of convertible bonds or non-convertible debentures. Mezzanine capital is a type of financing that falls between debt and equity. It is typically subordinated to debt, which means that it is repaid after debt in the event of liquidation. However, it also has some equity-like features, such as the potential to convert into equity if the business meets certain performance targets.
Loan Against Securities: Loan Against Securities (LAS) is a business loan facility that allows businesses to raise capital by pledging their securities, such as equity shares, bonds, mutual funds, or government securities. LAS loans are typically secured loans, meaning that the lender has the right to sell the pledged securities if the borrower defaults on the loan.
Letter of Credit (LC): A Letter of Credit (LC) is a financial instrument issued by a bank to a buyer or importer, guaranteeing payment to a seller or exporter upon fulfilment of certain conditions. LCs are commonly used in international trade to reduce the risk of non-payment for both parties involved.
Lease Rental Discounting: Lease rental discounting is a financing solution that allows businesses to convert their future lease receivables into cash today. This can be a useful tool for businesses that need to access cash quickly to finance growth or other expenses.Tata Capital offers lease rental discounting to businesses of all sizes.
Loan Against Property (LAP): Tata Capital offers LAP loans to businesses that pledge their residential or commercial property as collateral. Businesses can borrow up to 70% of the property value, with tenures of 1 to 9 years. LAP loans are collateral-free, have flexible repayment terms, competitive interest rates, and a quick and easy application process.
Tata Capital Business Loan for Equipment Financing & Leasing
Tata Capital Business Loan for Equipment Financing and Leasing is a loan facility that helps businesses acquire the equipment they need to grow and operate their businesses. The loan can be used to finance the purchase of a variety of equipment, including machinery, vehicles, and IT equipment.
1. Tata Capital Equipment Finance: offers term loans, operating leases, and hire purchase solutions to help businesses purchase equipment for expansion, working capital, and other needs.
Term Loans: can be used for expansion, repaying debt, upgrading technology, investing in R&D, and working capital. The bank offers an LTV ratio of 70-80% of the equipment value.
Tata Capital Buyer’s Credit: Tata Capital Buyer’s Credit is a short-term loan that allows importers to buy goods from overseas suppliers on deferred payment terms. The loan is issued by a foreign lender, typically based on a letter of credit.
Digital Equipment Loans: Tata Capital offers pre-approved digital machinery loans of Rs 10 lakh to Rs 1 crore with 2-5 year terms.
2. Tata Capital Equipment Leasing: lets businesses acquire equipment without upfront investment, conserve working capital, improve cash flow, reduce obsolescence risk, and get tax benefits. Businesses must be registered in India, have good credit, and have a clear purpose for the lease.
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Tata Capital Construction Finance
Tata Capital Construction Finance provides loans to real estate developers in select cities, based on the project, developer, and market conditions.
Tata Capital Commercial Vehicle Finance
Tata Capital Commercial Vehicle Finance offers term loans, WCDL/TL, refinance, structured finance, and top-up loans for up to 100% financing of new and used commercial vehicles. It offers customised solutions with minimal documentation.
Tenure of Loan: Up to 5 years
Tata Capital Construction Equipment Finance
Tata Capital Construction Finance offers new asset finance, working capital loans, letter of credit, refinance, structured finance, and leases for up to 100% financing of construction equipment, with minimal documentation.
Tenure of Loan: Up to 5 years
How Do You Apply for Tata Capital Business Loans with Buddy Loan?
Steps To Apply For a Personal Loan with Buddy Loan
- Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
- Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
- Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
- Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
- Step 5: Enter your work details (Including company name, years of service and Designation)
- Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
- Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.
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