Get the Best Business Loan Offer 
Tata Capital offers collateral-free business loans up to Rs. 75 lakh at an interest rate of 19% p.a. onwards. The company offers customised loan solutions to meet your day-to-day business requirements, as well as for various business expansion services. The maximum loan amount offered is up to Rs. 75 lakh with repayment tenure up to 36 months.
Tata Capital Business Loan – Highlights – October 2022
The interest rate and other fees and charges of Tata Capital Business Loan are as mentioned below:
| Category/Type/Services | Interest Rate, Features, Fees & Charges |
| Interest Rate | 19% p.a. onwards |
| Loan Amount | Rs. 5 lakh – Rs. 75 lakh |
| Collateral | Not required |
| Repayment Tenure | Min. 12 months & Max. 36 months |
| Processing Fee | 1%-2.5% of the sanctioned loan amount |
| Foreclosure charges | 4.5% of the principal outstanding on the ongoing business loan |
| Penal Interest | 3% on Overdue Amount per month |
| Loan Cancellation Charges | 2% of loan amount or Rs. 5750, whichever is higher |
| Bounce Charges | Rs. 2000 for every Cheque/ Payment Instrument Dishonour |
| Mandate Rejection Service Charge | Rs. 450 |
| Document Processing Charges | Rs. 1,999 |
| Swapping Charges | Rs. 550 |
| Post-dated cheque charges | Rs. 850 |
Note: The mentioned interest rates, fees, and charges are subject to change and depend on the sole discretion of the NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.
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Rate of Interest for Self-employed
| Applicant’s Profile | Rate of Interest (p.a.) | Processing Fees |
| Self-employed Non-Professional | 16.50% onwards | 2.00% onwards |
| Self-employed Doctor & Professional | 13.50% onwards | 1.50% onwards |
Comparison of Business Loan offered by Tata Capital vs other Banks/NBFCs
| Bank/NBFCs | Interest Rate | |
| HDFC Bank | 10.00% – 22.50% p.a. | Apply Now |
| FlexiLoans | 1% per month onwards | Apply Now |
| ZipLoan | 1% – 1.5% per month (Flat ROI) | Apply Now |
| Axis Bank | 14.25% – 18.50% p.a. | Apply Now |
| IDFC First Bank | 14.50% onwards | Apply Now |
| Kotak Mahindra Bank | 16% – 19.99% | Apply Now |
| Fullerton Finance | 17% – 21% | Apply Now |
| Bajaj Finserv | 17% p.a. onwards | Apply Now |
| RBL Bank | 17.50% – 25% p.a. | Apply Now |
| ICICI Bank | 18% onwards | Apply Now |
| Indifi Finance | 1.5% per month onwards | Apply Now |
| Lendingkart Finance | 1.5% – 2% per month | Apply Now |
| Tata Capital Finance | 19% p.a. onwards | Apply Now |
| NeoGrowth Finance | 19% – 24% p.a. | Apply Now |
| Hero FinCorp | Up to 26% p.a. | Apply Now |
Features of Tata Capital Business Loan
Following are the salient features of the Tata Capital Business Loan:
- Tata Capital provides unsecured business loans
- No collateral required
- Interest Rate: 19% p.a. onwards
- Loan Amount: Minimum Rs. 5 lakh & Max. up to Rs. 75 lakh
- Repayment Tenure: From 12 months to 36 months
- Business loans of 3 types are available –
- Working Capital loan to aid you in fulfilling day-to-day operations of the company
- Machinery loan to buy new machines or repair old equipment and increase the overall quality
- MSME & SME loan for the small businesses to run effectively
Eligibility Criteria
Following are the key norms that must be fulfilled while applying for a business loan:
- The loan applicant must be in the age group of 25-65 years
- Loan is available for businesses that are in operation for at least 3 consecutive financial years
- Applicant should have spent 2 years in the same business
- The business must show constant growth and cash profit over the past 2 years
- Loan is available for business that is currently in operation and has their balance sheet reviewed by a registered Chartered Accountant
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Documents Required for Loan Application
- Duly filled application form along with Passport-sized photographs
- Identity proof like Voter Card, Aadhaar Card, Passport, Driving License
- Address proof like Aadhaar Card, Passport, Driving License
- Last 6 months’ bank statement
- Business PAN card
- Business proof like Establishments, Sales Tax Certificate or Trade License
- Ownership documents
- Sole proprietorship declaration or Partnership deed certified copy
- IT Returns for the last 2 financial years
- Balance sheet and Profit/Loss Statement for last 2 financial years
- Any other document required by Tata Capital
Related Post: Documents Required for Mudra Loan for New Business
Tata Capital Business Loan Customer Care
| Toll-Free Number | 1860-267-6060 |
| Email ID: | contactus@tatacapital.com, contactcommercialfinance@tatacapital.com, customercare@tatacapital.com |
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FAQs
Q. How can the business loan be repaid?
Ans. The repayment can be done through Post Dated cheques, ECS (Electronic Clearance Service) or Standing Instruction
Q. What is the loan repayment period of a business loan?
Ans. One can repay the loan amount from 12 months and up to 36 months with a TATA Capital business loan
Q. How can I download my Tata Capital Business Loan statement online?
Ans. To download your Tata Capital Business Loan statement online, kindly follow the below-mentioned steps:
Step 1: Visit: https://www.tatacapital.com/ways-to-service/retail-portal.html to Click on ”Login Now”
Step 2: Page will redirect to https://retailonline.tatacapital.com/
Step 3: Enter your registered mobile number or email address
Step 4: Click on Get OTP or Login Using User ID
Step 5: After Logging – You can download the statement