TAB Capital Pvt. Ltd. Business Loan
Last Updated : May 28, 2021, 9:12 p.m.
Tab Capital is a registered NBFC lending funds to the online traders and vendors. It extends the funds to meet the business- related expenses like expansion of business, purchase of equipment, increase inventory or to add a new product. The loan is provided up to the highest value of Rs. 1,00,00,000 and is to be repaid in the form of flexible EMIs.
The information regarding the rate of interest, tenure and EMI calculator is given below:
TAB Capital Business Loan Details
| Interest Rate | Customized | |
|---|---|---|
| Loan Amount | Up to Rs. 1,00,00,000 | |
| Tenure | Flexible | |
| Processing Fee | As per company's norms | |
| Pre – Payment Charges | Nil |
How To Apply
The application process is speedy and hassle free. Login the company’s website and click on the ‘Apply Now’ tab. Fill in the details in the online application form and enter the OTP sent on your mobile number. Click on the submit button. You can even upload the documents online.
TAB Capital Business Loan EMI Calculator
EMI Calculator is a mechanical device that helps you calculate your installment amount. Using the calculator you get to know the EMI amount you have to pay during the tenure you are opting for. It reveals the amount of interest charged on the loan amount you are willing to take. And gives a realistic estimate of the future payments. The functioning of the Business Loan EMI Calculator is quick and simple. The result is displayed spontaneously once the details regarding the loan amount, tenor and the rate of interest is entered into the calculator.
For Example- For the loan of Rs. 50,00,000 availed for the period of 5 years at the rate of 15% p.a., a candidate has to pay an EMI of Rs. 11,895.
Table Showing EMI, Total Interest Amount and Total Repayment
|
Loan Amount
(in Rs.) |
Interest Rate
(p.a.) |
Tenure
(in years) |
EMI
(in Rs.) |
Total Interest Amount
(in Rs.) |
Total Repayment Amount (Principal + Interest)
(in Rs.) |
|---|---|---|---|---|---|
| 50,00,000 | 15% | 1 | 45129 | 41550 | 5,41,550 |
| 50,00,000 | 15% | 2 | 24243 | 81840 | 5,81,840 |
| 50,00,000 | 15% | 3 | 17333 | 1,23,976 | 6,23,976 |
| 50,00,000 | 15% | 4 | 13915 | 1,67,938 | 6,67,938 |
| 50,00,000 | 15% | 5 | 11895 | 2,13,698 | 7,13,698 |
Amortization Table
| Year |
Principal
(in Rs.) |
Interest
(in Rs.) |
Balance Amount (in Rs.) |
Total Interest Amount
(in Rs.) |
Total Repayment Amount (Principal + Interest)
(in Rs.) |
|---|---|---|---|---|---|
| 1 | 72599 | 70141 | 4,27,401 | 41550 | 5,41,550 |
| 2 | 84266 | 58474 | 3,43,135 | 81840 | 5,81,840 |
| 3 | 97814 | 44926 | 2,45,321 | 1,23,976 | 6,23,976 |
| 4 | 1,13,538 | 29202 | 1,31,783 | 1,67,938 | 6,67,938 |
| 5 | 1,31,930 | 10950 | 0 | 2,13,698 | 7,13,698 |
Eligibility Criteria:
The company provides a business loan to the E- Commerce Merchant and Vendors.
Documents Required:
| KYC Documents | |||||
|---|---|---|---|---|---|
| Copy of PAN Card | |||||
| Passport Copy | |||||
| Aadhar Card | |||||
| Electricity Bill | |||||
| Registered Rent Agreement | |||||
Income Documents
| Category | Documents | ||||
|---|---|---|---|---|---|
| Partnership Firms |
Registered Partnership Deed, Shop Act, Udyog Aadhaar Memorandum, VAT Registration and other Registrations Applicable
Last 1 year bank statement of operating bank account Details of all existing loans: Sanction Letter and Loan Account Statement for last 1 year Brief Profile of the Promoters and Company / Firm |
||||
| Private/ Public Limited Company |
MOA & AOA, Certificate of Registration, Shop Act, Udyog Aadhaar Memorandum, VAT Registration and other Registrations Applicable
Last 1 year bank statement of operating bank account Details of all existing loans: Sanction Letter and Loan Account Statement for last 1 year Brief Profile of the Promoters and Company / Firm |
||||
| Self- Employed |
Last 2 years Financials (IT Returns, Computation Sheet & Balance-sheet) and Proof of turnover vide latest sales / service tax returns and Invoice / Purchase Order Copy (for loan against receivables)
Last 1 year bank statement of operating bank account Details of all existing loans: Sanction Letter and Loan Account Statement for last 1 year |
||||
| Electricity Bill | |||||
| Registered Rent Agreement | |||||
Features and Benefits
- Loans available for E- Commerce Merchant and Vendors
- Attractive rate of interest
- No foreclosure charges
- Hassle free online process
Tab Capital Contact Number
To know more and inquire about the product you can use the various means of communication
- Telephone – 91 (020) – 65809000
- Fax – 020-41219000
- E- mail
You can even fill the enquiry form available on the company’s official website.
Tab Capital Branches
Tab Capital Pvt. Ltd. has spread its network in all major locations like Delhi, Mumbai, Pune, Chennai, Mumbai, Bangalore and Indore.