Introduction
Tata Capital offers business loans with interest rates starting from 12% p.a., offering flexible tenures of up to 36 months and loan amounts of up to Rs. 75 lakh. These loans are tailored to meet various business needs, such as working capital, business expansion, equipment purchase, or project financing.
Tata Capital business loans require minimal documentation, offer quick approval, and do not require any collateral. Additionally, borrowers can benefit from customized repayment options and the Flexi Loan facility, which allows businesses to withdraw funds as needed and repay in easy EMIs,
Highlights of Tata Capital Business Loan
| Feature | Details |
| Interest Rate | Starting from 13.0% p.a. |
| Loan Amount (LTV Ratio) | Up to 80% of property value or revenue |
| Loan Tenure | Up to 7 years |
| Processing Charges | Up to 2% of the loan amount |
| Minimum Monthly Income | ₹50,000, varies by location and loan type |
Types of Business Loans
| Loan Type | Purpose | LTV Ratio | Tenure | Special Features | Interest Rate | Eligibility Criteria | Collateral Required |
| Business Term Loan | Business expansion, capital needs | Up to 80% | Up to 7 years | Flexible repayment options | 13.0% – 15.5% p.a. | Min. 3 years in operation | Yes |
| Working Capital Loan | Short-term operational expenses | Up to 75% | 12 months, renewable | Overdraft, quick renewals | 13.5% – 16.0% p.a. | Good credit score | No |
| Equipment Financing | Purchase of machinery, equipment | Up to 75% | 3 – 7 years | Customizable loan structure | 13.25% – 15.75% p.a. | Proven business track record | Yes |
Table of Contents
Eligibility Criteria
| Criteria | Details |
| Minimum Business Operation Period | 3 years |
| Positive Cash Profits | Last 2 years |
| Required Documentation | IT returns, balance sheets, bank statements |
| Other Criteria | Good credit score, minimum turnover of ₹50 lakhs |
Loan Features & Benefits
- Range of loan amounts: From ₹10 lakhs up to ₹15 crores.
- Collateral requirements: Depending on the loan type, collateral may or may not be required.
- Minimal documentation: Streamlined process with minimal paperwork.
- Quick approval: Loans are approved and disbursed within a few working days.
- Flexible repayment options: Choose a repayment plan that aligns with your business cash flow.
Fees and Charges
| Requirement | Salaried | Self-Employed |
| Processing Fee | ₹10,000 to ₹25,000 | ₹15,000 to ₹30,000 |
| Prepayment Charges | Up to 4% of principal | Up to 4% of principal |
| Late Payment Fee | ₹500 to ₹1,000 per instance | ₹750 to ₹1,250 per instance |
| Documentation Charges | As applicable | As applicable |
| Bounce Charges | ₹750 per instance | ₹1,000 per instance |
Required Documents
- Identity Proof: PAN Card, Aadhaar.
- Address Proof: Passport, Utility Bill.
- Business Continuity Proof: GST Registration, Business License.
- Financial Documents: IT returns, bank statements for the last 2 years, audited balance sheets.
EMI Calculator
Use Tata Capital’s online EMI calculator to estimate your monthly payments. Simply enter the loan amount, interest rate, and tenure to calculate your EMI instantly.
Application Process
- Steps to Apply: You can apply online through the Tata Capital website or visit a branch for offline applications.
- Expected Timeline: Loan approvals typically take 4-8 working days after submitting all required documents.
- Customer Support: Dedicated support teams are available to assist you throughout the application process and provide updates on your loan status.
Comparison with Other Banks/NBFCs
| Bank/NBFC | Interest Rate | Processing Fees | Loan Tenure | Prepayment Charges | Collateral Requirement | Approval Time | Special Features |
| Tata Capital | 13.0% p.a. onwards | Up to 2% of loan amount | Up to 7 years | Up to 4% of principal | Required/Not Required | 4 – 8 days | Flexible loan structuring |
| Bajaj Finserv | 13.5% p.a. onwards | Up to 2% of loan amount | Up to 5 years | Up to 4% of principal | Required/Not Required | 4 – 8 days | Customizable loan structure |
| RBL Bank | 13.0% p.a. onwards | Up to 2% of loan amount | Up to 5 years | Up to 4% of principal | Required/Not Required | 4 – 8 days | Customizable loan structure |
FAQs
1. What are the eligibility criteria for Tata Capital Business Loans?
The eligibility criteria include a minimum of 3 years of business operations, a positive profit record, and a good credit score.
2. Is collateral required for all types of business loans?
Collateral is required for certain loans, such as Term Loans and Equipment Financing, but not for Working Capital Loans.
3. How long does it take to get a business loan approved from Tata Capital?
The approval process typically takes 4-8 working days after submitting all required documents.
4. Can startups apply for business loans with Tata Capital?
Tata Capital business loans are generally offered to businesses with at least 3 years of operation. However, there may be special products available for startups based on other eligibility criteria.
5. What documents are required to apply for a Tata Capital business loan?
You will need to provide identity proof, address proof, business continuity proof (e.g., GST registration), and financial documents such as IT returns and bank statements.
