Tata Capital Business Loan

 

About Tata Capital Business Loans

Tata Capital Limited was founded in the year 2007 with the primary aim of providing transparent and dedicated financial solutions to people. The company is headquartered in Mumbai, India, and has over 100 branches spread all across the country. A subsidiary of Tata Sons Limited, it functions as the main financial services arm of the Tata Group. It offers a wide range of consumer loans, infrastructure finance services, wealth management services and commercial finance services, among many other offerings to the Indian clients. Their primary aim is to work as a one-stop financial services company which caters to the many needs of institutional, corporate and retail clients all over India.

As Tata Capital is backed by none other than the US$ 108 billion Tata Group, a great multitude of entrepreneurs can be seen turning to them for business loans. With Tata Capital, you can take a business loan to meet any of your requirements such as purchase of new machinery, edging out competitors, increasing working capital, launching a new factory, revamping the business or anything else. These loans are unsecured in nature and can be customized based on your unique business plan. The entire process is kept quick and hassle free to ensure that you continue focusing on what’s most important for you. Below you will find more details on Tata Capital business loan features, eligibility criteria and charges.

Business Loan Eligibility Criteria

Tata Capital business loan’s eligibility criteria is pretty straightforward and simple. You should be a self-employed professional or a business person in the age bracket of 25 years to 65 years to avail this loan. The business should have been running for the past 3 years and making regular cash profit over the last 2 financial years. Furthermore, its turnover should be showing an upward trend. The company will ask you for multiple documents to back your eligibility, for instance CA audited balance sheet and profit & loss statement for the last 2 years, KYC documents, income tax returns of the last 2 years, last 6 months’ company bank statement and more. Following are more specific details related to Tata Capital business loan eligibility criteria.

3

Years in currert business

₹ 50Lacs

Minimum Turnover

Tata Capital Business Loan Features / Details

With Tata Capital, you can avail a business loan ranging from ₹ 5 lakh to ₹ 50 lakh, without the need of any security or collateral. The company offers flexible repayment tenure depending upon your requirement, ranging from 12 months to 36 months. It even goes out of the way to create a custom-built business loan with terms which adequately meet your specific requirements. The loans are disbursed within a matter of a few days, ensuring that you don’t face any unwanted delays in starting/completing important business matters. Please see below for more details like the applicable interest rate, repayment modes etc. related to Tata Capital business loan.

18.00%

Interest Rate (Min)

1 – 3 Years.

Loan Tenure

₹ 5Lacs – 75Lacs

Loan Amount (Min – Max)

Tata Capital Business Loan Fees / Charges

All Tata Capital business loan applications involve a non-refundable processing fee of up to 2.7% of the loan amount. Besides that, you might incur several other charges depending upon your requirement and situation, for instance cheque bounce charges, penal interest, mandate rejection service charge, document processing charges, foreclosure charges, outstation collection charges, account statement charges, instrument swap charges, duplicate NOC charges, loan cancellation charges and more. The specific details related to all such Tata Capital business loan charges are provided below.

2.00% of Loan Amount.

Processing Fees

0% of amount prepaid.

Pre-payment Charges

No

Part Payment Facility

0%

Part Payment Processing Fees