No Collateral ! TATA Capital Business Loan up to ₹60 lakh

Share your love

In the dynamic landscape of entrepreneurship, when the urgency for a business loan arises, patience and strategic thinking become paramount. But, TATA Capital business loan emerges as a reliable ally in this journey, offering a financial lifeline precisely when it’s needed the most. As per the 2022 financial reports of Tata Capital, the company has disbursed 25,261 loans

TATA capital has a track record of disbursing loan amount within 2 hours. All you need some requisite documents to comply with the standard application process. And the best part, no collateral required to get the business loan and there’s a customized EMI option. You can apply for a loan amount up to ₹40,000 to ₹75 lakhs

Any grievance is actively tackled by the Tata Capital customer support team. Know more about TATA Capital Business Loan here.

About TATA Capital Business Loan

NameTata Capital Financial Services Limited.
Founded (in Year)2007
CompanyBanking & Financial Services Company
ServicesBanking & Finance Services
HeadquarterMumbai
Business Loan TypeVary
Loan Tenure (in Month)12 – 60
Loan Amountup to ₹40 Lakh ( up to ₹60 lakh in selected locations )

Tata Capital Financial Services Limited, established in 2007, has been a prominent Banking & Financial Services Company headquartered in Mumbai. Specializing in a spectrum of services within the realm of banking and finance, the company has become a trusted name in the industry.

For those seeking financial support for their businesses, Tata Capital offers a range of business loan types to cater to diverse needs. The loan tenure spans from 12 to 60 months, providing flexibility to borrowers based on their repayment preferences.

Depending on the location, individuals can avail themselves of loan amounts up to ₹40 lakh – ₹60 lakh. This versatility in loan offerings, coupled with reasonable tenure and amount options, positions Tata Capital as a comprehensive solution for entrepreneurs seeking financial assistance in their business endeavours.

TATA Capital Loan Interest Rates

Business Loan DetailsInterest Rate
Self-Employed Non-Professional Interest rate15%-25%
Self-Employed Doctors Interest rate 12.00%-15.00%
Self-Employed Professional Other than Doctors Interest rate13.00%-17.50%

TATA Capital offers different interest rates for their business loans based on the type of business and profession.

For self-employed individuals who are not doctors, the interest rates range from 15% to 25%. For self-employed doctors, the rates are lower, ranging from 12.00% to 15.00%. And for self-employed professionals other than doctors, the rates fall between 13.00% and 17.50%.

These interest rates provide flexibility for businesses. If you’re starting a new venture or expanding an existing one, TATA Capital’s Business Loan Interest Rates give you options. The rates start from a lower point, making it more affordable, and go up to a higher cap, accommodating different financial situations.

This way, individuals can choose a loan that fits their specific business needs, ensuring financial accessibility for various business endeavors.

TATA Capital Business Loan Types

Overdraft Loan Business Loan for Machinery
MSME LoanSmall Business Loan
Business Loan for WomenWorking Capital Loan

TATA Capital offers different types of business loans to meet various needs:

Overdraft Loan: This loan allows you to withdraw more money than your actual account balance, providing flexibility for your business.

Business Loan for Machinery: Specifically designed for businesses needing equipment or machinery, this loan helps you acquire the tools necessary for your operations.

MSME Loan: Tailored for Micro, Small, and Medium Enterprises (MSMEs), this loan supports the unique requirements of smaller businesses.

Small Business Loan: If you’re a small business owner, this loan is crafted to assist you in various financial aspects, helping your business thrive.

Business Loan for Women: This type of loan is designed specifically to encourage women entrepreneurs who are running or planning to start their own businesses.

Working Capital Loan: The working capital is like the fuel that keeps it running smoothly. This loan is meant to cover the day-to-day operational expenses of a business, such as salaries, rent, and utilities

Each of these loans caters to specific aspects of business needs, offering TATA Capital borrowers a range of options to choose from based on their requirements.

TATA Capital Business Loan Eligibility

Eligibility CriteriaRequirements
Applicant TypesSelf-employed individuals, Proprietorship Firms, Partnership Firms, Limited Liability Partnership Firms, Private Limited companies, Closely Held Public Limited companies, HUFs, Trusts, and Societies
Business TurnoverMust display an upward trend
Age LimitBetween 21 and 65 years old
Credit ScoreGood CIBIL score of 650 or more
ProfitabilityBusiness should be profitable for at least three successive financial years
Document RequirementFurnish a balance sheet of your company audited by a registered Chartered Accountant (CA)
Additional requirementBanking balance should be at least Rs. 5000
Minimum 2 years business stability

These eligibility criteria serve as guidelines for individuals and entities seeking a business loan from Tata Capital. Meeting these requirements demonstrates the financial stability and reliability of the applicant, ensuring a sound basis for loan approval.

TATA Capital Business Loan Fees & Charges

Charge TypeAmount/Percentage
Bounce Charges or Dishonor ChargesUp to Rs. 2000/-
Mandate Rejection Service Charge₹ 450/-
CCOD Annual Maintenance ChargesFirst Year: 0.75% or ₹ 1000, whichever is higher per year
Subsequent Years: 0.50% or ₹ 1000, whichever is higher per year
Document Processing Charges₹ 1999 + GST
Statement of AccountsSoft Copy – Nil
Branch walk-in – ₹ 250 + GST
Foreclosure Charges4.5% on the future principal outstanding on the existing loan + Applicable taxes
No foreclosure allowed in the first 9 months. 6.5% charges if foreclosed within 9 months.
Foreclosure Charges for Top Up2.25% on the future principal outstanding on the existing loan + GST
Charges levied only if the new rate is lower than the existing rate.
Foreclosure Charges in CCOD Cases4.5% on the Dropped down limit amount + Applicable taxes
No foreclosure allowed in the first 9 months. 6.5% charges if foreclosed within 9 months.
Loan Cancellation Charges2% of the loan amount or ₹ 5750, whichever is higher + GST
Payment Instrument Swapping₹ 550 + GST
Duplicate Repayment ScheduleSoft copy – Nil
Branch walk-in – ₹ 550 + GST
Duplicate NOC₹ 550 + GST
Foreclosure Letter ChargeSoft copy – Nil
Branch walk-in – ₹ 199 + GST
Post Dated Cheque Charges₹ 850 + GST
Stamp DutyAs applicable

These charges cover various aspects of the loan process, from maintenance to foreclosures, providing transparency to borrowers about potential fees associated with their TATA Capital business loan. Keep in mind that charges may be subject to change, and it’s recommended to verify the latest information with Tata Capital.

Documents Required for TATA Capital Business Loan

Given below is a list of requisite documents required for Tata Capital Business Loan:

KYC Documents:

  • Photo Identity Proof (PAN Card).
  • Address Proof (Aadhaar Card, Voter ID Card, Driving License, or Passport).

Business Proof:

  • Business Registration Certificate.
  • Trade License.
  • Establishment Certificate.
  • GST Registration Certificate.
  • Certified copy of the Partnership Deed Agreement or Sole Proprietorship Declaration.

Income Proof:

  • Last two years’ Income Tax Returns (ITRs) with Computation of Income.
  • Last two years’ Audited Financials with Tax Audit Report.
  • Profit-loss statements of the last two years.
  • Balance sheet duly audited by a Chartered Accountant.

Bank Statements:

  • Current account bank statements for the last six months.
  • GST statements for the last six months.

These documents collectively provide comprehensive information about your identity, business ownership, financial standing, and banking history, allowing Tata Capital to assess your eligibility for a business loan. Ensure that all documents are accurate, up-to-date, and duly verified before submission.

TATA Capital Business Loan Customer Care

TATA Capital Business Loan Customer Care Number1860 267 6060
TATA Capital Business Loan Email ID[email protected]

For HDFC Business Loan customer support, assistance is accessible daily, including Sundays and holidays, from 8:00 a.m. to 8:00 p.m. The contact numbers are listed above, and for international customers, a separate number is provided.

Business personal seeking help or information regarding their business loans can use the provided numbers.

HDFC Business Loan Login Page

Apply for TATA Capital Business LoanApply Link

To apply for a TATA Capital Business Loan, you can use the “Apply Link” provided. Simply click on the link, and it will take you to the application page. Fill in the required information and follow the steps outlined on the page.

How to Apply for HDFC Business Loan?

To apply for a business loan with Tata Capital in India, you have several convenient options:

Branch Visit: Visit your nearest Tata Capital branch with the necessary documents, where company’s executives will guide you through the application process.

Online Application: Fill out the business loan application form on the Tata Capital website for a quick and straightforward online application process.

Phone Application: Contact TATA Capital customer care number to request a call-back and apply for a business loan over the phone.

Virtual Assistant (TIA): Utilize TIA, TATA Capital’s 24×7 virtual assistant, to apply for an instant business loan from the comfort of your home or office.

Choose the method that best suits your preferences and needs to kickstart your business loan application with ease.

Additional Features of HDFC Business Loan

EMI TypeDescriptionIdeal For
Fixed EMIYour business loan EMI remains constant throughout the entire loan tenure.Individuals with a steady and consistent income from their business.
Structured EMIAllows flexibility in choosing a repayment process based on monthly income.Suitable for individuals with varying or irregular income sources.

TATA Capital offers flexibility in selection when it comes to TATA Capital Business Loan EMI. This table summarizes the features of two EMI options offered by Tata Capital. The Fixed EMI suits those with a stable income, while the Structured EMI provides flexibility for individuals with varying monthly earnings.

Share your love
gyanfry.com
gyanfry.com

Hi, Sahil Dhimaan this side. I'm a passionate writer, blogger, youtuber, influencer, digital marketer, SEO expert and most importantly, an Accidental Entrepreneur, working with a vision to expand my knowledge horizon by sharing business ideas, business case studies, business technology, money making motivation and all rich insights through the blog website Gyanfry.