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Tata Capital Business Loan Jul 2021

Tata Capital Business Loan Interest Rates India

Last Updated 08th Jun 2021

Tata Capital offers Business Loan starting at interest rate of 19.00%. The rates vary by loan amount, occupation and type of loan availed. Check Best Offers

Interest Rate 19.00%
Processing Fee From 1.50% to 2.50%
Tenure From 12 months to 48 months
Lowest EMI per lakh ₹ 2,990
Loan Amount Min ₹ 5 Lakh and Max ₹ 50 Lakh
Part Payment Facility Not allowed
Foreclosure Facility Allowed after 6 EMI's, 4.5% of outstanding balance

No collateral or guarantor required

Apply for Business Loan @ 14.00%*

Tata Capital Business Loan Details

Tata Capital offers multiple business loan products for self-employed professionals and non-professionals at low rates. Below-mentioned are the details of the business loan Tata Capital.

Key Features of Tata Capital Business Loans
  • Purpose of Loan: You can avail Tata Capital business loan to expand or modernise your business, purchase assets, set up new units etc.
  • Loan available for self employed professionals and non-professionals.
  • Borrowers within the age group of 25 and 65 years can avail Tata Capital business loan.
  • Security: Both Secured & Unsecured
  • Loan Tenure can range from 12 to 48 years.
  • Tata Capital business loan interest rates are in the range of 19.00% to 0.00 %.
  • Tata Capital Bank business loan EMI per lakh starts from ₹ 2,990.
  • Processing Fee: From 1.50% to 2.50%
  • Special schemes: Some of the special business loan offers of Tata Capital are:

What are the Features and Benefits of Tata Capital Business Loan?

You can apply for Tata Capital business loan to expand your business or for working capital requirements such as purchasing machinery, paying salaries etc. Some of the benefits and features that Tata Capital business loans offer to the borrowers are listed as follows:

  • No collateral or guarantor required
  • Flexible repayment options of Step up, Step down and Bullet EMI plan
  • Competitive interest rates
  • Simple documentation and quick loan disbursement

Factors affecting Tata Capital Business Loan Rates

There are multiple factors on which Tata Capital calculates your interest rate. Some of these factors are -

Loan amount

Business loan rate in Tata Capital depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate. Bank gives loan of minimum ₹ 5 Lakh to upto ₹ 50 Lakh. Interest rate for high loan amounts can be lower resulting in lower EMIs.

CIBIL Score

Tata Capital offers business loans at higher interest rate if your CIBIL score is low or vice versa. However, to get a loan from Tata Capital, your CIBIL score should be at least 700. Higher the CIBIL Score, higher the chances of getting a loan at lowest business loan interest.

Revenue

Tata Capital will offer you a loan at a lower interest rate if you have higher monthly revenue. Bank gives loan to the borrowers whose annual turnover is at least ₹ 1,00,00,000

Time in Business

Tata Capital offers loans at lower rates if you have significant business experience. Minimum business existence to get a business loan from Tata Capital is 60 months.

Lowest Tata Capital Business Loan Interest Rates

With effect from 08 Jun, 2021, Tata Capital offers business loans starting at 19.00%. The lowest business loan rates offered by Tata Capital have been dropped by 2%, from the earlier rate of 21.00%.

Tata Capital Business Loan Rate Trends of Last 1 Year

Last Updated Date Interest Rates
08 Jun, 2021 19.00%
31 Mar, 2021 21.00%
25 Mar, 2021 21.00%
07 Jan, 2021 21.00%
12 Aug, 2020 21.00%

Tata Capital Business Loan Eligibility Criteria

To avail Tata Capital business loan, you need to fulfill the eligibility criteria as mentioned below:

  • Age : Tata Capital offers business loan to those who are at least 25 years old at the time of loan approval and maximum 65 years at the time of loan maturity.
  • Loan Amount : Based on the loan amount eligibility, Tata Capital gives you loan amount ranging from ₹ 5 Lakh to ₹ 50 Lakh. To improve chances of approval, apply for a loan amount that you can comfortably service.
  • Profitability and Revenue : Tata Capital requires profit for minimum 2 years and minimum business turnover of ₹ 1,00,00,000.
  • Business Stability : Tata Capital requires a minimum business track record of 60 months. The bank will also look for minimum growth in sales for the last three year. A decline in sales for a certain period or below a certain limit might impact your eligibility to get a loan.
  • ITR and Banking : Tata Capital gives loan only after checking your income tax return and bank statements. The bank requires you to submit your ITR details and bank statements for a minimum of 24 months & 6 months respectively.
  • CIBIL Score : Tata Capital will check your repayment history for all current and past loans and credit cards. The Bank advises you to maintain a score of 750 and above to get loan approval.

Tata Capital Business Loan Products

Tata Capital offers customized products for specific customer segments designed to meet their loan requirements. Some of the popular products with their basic features are as follows:

Doctors Loan
  • Individuals who are salaried or salaried cum self employed can take this loan
  • Maximum loan limit of ₹ 35 lakhs for self employed and ₹ 20 lakh for salaried
  • Flexible repayment tenure of 4 years
Business Loan for Traders
  • Get loan for maximum 36 months
  • Loan can be taken for loan amount between ₹ 3 lakhs and ₹ 10 lakhs
  • Property ownership is mandatory to get this loan

Tata Capital Business Loan Fees and Charges

In addition to interest rates, business loan also carry some other charges which include:

  • Foreclosure Charges : These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Tata Capital allows prepayment of loan after paying 6 EMI’s with prepayment charges - 4.5% of outstanding balance
  • Processing Fee : Tata Capital asks for a processing fee of From 1.50% to 2.50% with applicable service tax

Documents Required for Tata Capital Business Loan

To apply for Tata Capital business loan, you need to submit the following documents:

  • Address proof of individual: Aadhaar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhaar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI
  • Copy of Income Tax PAN for 24 months
  • Bank statement of last 6 months

Tata Capital Business Loan Eligibility Calculator

You can calculate your eligibility for Tata Capital business loan using an online Tata Capital business loan eligibility calculator. It is an online tool that gives you an estimate about your loan eligibility, amount of loan and the best interest rate offer you can avail. It calculates the business loan eligibility on multiple factors. These factors include age, loan amount, loan tenure and Income etc. to calculate the loan amount eligibility of its borrowers.

How to Apply Tata Capital Business Loan Online at MyLoanCare?

  • In order to get the best offers on a business loan and compare Tata Capital business loans with other banks, you can apply online through MyLoanCare here.  
  • MyLoanCare will give you a detailed comparison of business loan schemes of all banks, calculate your business loan eligibility and connect you to the customer representatives of the  Tata Capital.
  • Further, you will also be assisted by a dedicated MyLoanCare loan executive who will ensure that the process of getting a loan is smooth, convenient and quick.

FAQs

Why to take business loan from Tata Capital?

Tata Capital is one of the largest HFC sector banks in the country that provides lowest business loans starting at 19.00%. The bank also charges a low processing fee starting from From 1.50% to 2.50%. Along with that, the bank also offers special business loan schemes such as Doctors Loan, Business Loan for Traders & etc.

Has Tata Capital reduced the business loan interest rate?

Tata Capitalhas reduced the lowest interest on business loan as effective from 08 Jun, 2021. Presently, Tata Capital offers the business loan starting at 19.00%, which is a decrease of 2% from the previous rates of 19.00%. Earlier, Tata Capital changed its gold loan rate on 31 03, 2021.

What is the interest charged on Tata Capital business loan?

Tata Capital offers business loans at attractive rates ranging from 19.00% to 0.00%.The bank also provides various customised offers for self employed professionals to get loan at a very low rate of interest.

What is the lowest EMI per lakh on business loan from Tata Capital?

If you apply for loan from Tata Capital, your lowest EMI per lakh will be ₹ 2,990.You can calculate your EMI on business loan for different tenures at min business rate starting at 19.00% using MyLoanCare business loan EMI calculator.

What is the minimum and maximum tenure of business loan in Tata Capital?

These loans are shorter tenure loans. You can repay your loan in a flexible period of minimum 12 months to maximum 48 months.

How much business loan amount I can borrow from Tata Capital?

Tata Capital offers you business loan for loan amount ranging from ₹ 5 Lakh to a maximum amount of ₹ 50 Lakh. Loan amount eligibility in Tata Capital further depends upon your income, and repayment capability.

What is the processing fee charged by Tata Capital on business loan?

Tata Capital charges a processing fee From 1.50% to 2.50% with applicable tax.The processing can be negotiated if you are an existing customer or have a good track record.

Is age an eligibility factor to get loan for business from Tata Capital?

Yes, age is an important eligibility factor to get a business loan as you should be at least 25 years old at loan approval time and 65 years old at loan maturity time.

What are the prepayment charges on business loan from Tata Capital?

Bank charges a prepayment fee in case you want to repay your entire loan amount before the end of tenure period. The fee charged by Tata Capital is 4.5% of outstanding balance.

What are the business products offered by Tata Capital?

Tata Capital offers various business products for self-employed professionals and non-professionals. These are listed below:

  • Doctors Loan
  • Business Loan for Traders

What is the time period of repayment of business loans in Tata Capital?

Tata Capital provides business loans for a maximum tenure of 48 years. You must repay your loan at the end of this loan tenure to avoid any late payment penalty.

Tata Capital Business Loan Customer Care Toll Free Number
City Customer Care Number
Agra 1800-209-6060
Ahmedabad 1800-209-6060
Ambala 1800-209-6060
Anand 1800-209-6060
Aurangabad Bihar 1800-209-6060

Tata Capital Business Loan Reviews 5/5  by 1 customers
MyLoanCare Service
5/5.0
Banks Service
5/5.0
Arjun Rathore, Indore
Reviewed on 01st Sep 2018
5 / 5 stars
Tata Capital Business Loan Availed in Aug 2018

Piyush and Mafi really worked well to get this work done. They are very good at communication and coRead more...

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Tata Capital Business Loan News - Jul 2021
  • 2019-09-05 : Easy Business loans with Tata Capital
    In a bid to provide easier and faster funds to MSMEs, Tata Capital launched a digital platform to fund the same. With this digital platform, customers can avail loans up to Rs 2 crore in 48 hours and loans up to Rs 50 lakh can be availed within 4 hours. Apart, this online platform involves minimum documentation.
  • 0201-08-30 : Tata Capital Partners With CII for SME Finance
    Tata capital has partnered with Confederation of Indian Industry (CII) in the SME Finance Facilitation Centre initiative. This partnership will provide better credit access to SMEs. Tata Capitals SME loan products will be provided through CII to its registered SME members.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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