Check Free CIBIL Score Online

Tata Capital Business Loan Interest Rates

Highlights

  • Know the Interest Rates of Tata Capital Business Loan.
  • Some factors that affect the Business Loan Interest Rates.
  • Apply Online Business Loan

Business Loan is the key to business expansion. Every business needs funds for expanding its resources. As many businessmen trust Tata Capital so they prefer taking Tata Capital Business Loan. But the only matter of concern is the rate of interest charged on the business loan. Therefore you can see all the details of Tata Capital Business Loan Interest Rates.

Interest Rates and Fee of Tata Capital Business Loan

ParticularsDetails
Rate of Interest19-21% (Reducing)
Processing FeeUpto 2.75% of the loan amount + Taxes

Miscellaneous Charges

ParticularsDetails
Bounces Charges₹2000 + GST
Rejection Service Charges₹450 + GST
CCOD Annual Maintenance Charges0.25% on the dropline amount or ₹ 1000 per year whichever is higher
Document Processing Charges₹ 999 + GST
Outstation Collection Charges₹100 + GST per repayment instrument
Account StatementSoft Copy - NIL

From Branch - ₹ 250 + GST
For Closure Charges4.5% on remaining principal amount + GST
(No Foreclosure in the First 9 Months)
Foreclosure Charges for Top Up2.25% on remaining loan + GST
Foreclosure Charges in CCOD Cases4.5% dropped down on limit amount + GST
Loan cancellation Charges2% of the loan amount or ₹ 5750 whichever is higher + GST
Instrument Swapping Charges₹550 + GST
Duplicate Repayment ScheduleSoft Copy - NIL

From Branch - ₹550 + GST 
Duplicate NOC (No Objection Certificate)₹550 + GST
Foreclosure Letter ChargesSoft Copy - NIL

From Branch - ₹ 199 + GST
Post Dated Cheque Charges₹850 + GST

Some Major Factors that Determine the Low Interest Rates

CIBIL Score:- This plays an important role in deciding the eligibility as well as the interest rate offered on your business loan. A credit score tells your lender what kind of borrower you are. If your CIBIL Score is 750 or above it is to be considered a good score by lenders therefore lender offers you the business loan at least interest rates.

People Also Look For  Axis Bank Business Loan

Business Experience:- Your business experience matters a lot therefore good experience always shows positive impacts on lenders. If your business is very old and stable then the lender will provide you a less rate of interest on the loan.

Loan Amount:- You can take up to ₹75 lakh and more depending on your credit score. Basically, the interest rates determine the loan amount to be taken by the borrower. If the borrower loan amount is high then get a chance of lower interest rate. So high loan amount reduces the interest rate resulting in a low EMIs amount.

Revenue and Profit:- The lender is the one who always checks the monthly revenue of your business. The healthy revenue increases your capacity of taking the loan and due to which the rate of interest is decided. If your business revenue is high then the interest rates charged might be less.

How Does the Rate of Interest Affect EMI Amount

The only reason for enquiring about the Tata Capital Business Loan Interest Rate is that the borrower wants to calculate the EMI payable every month. So you can see how the rate of interest fluctuates the amount of EMI from the table given below. You can also calculate the EMI with the help of the Business Loan EMI Calculator.

Principal AmountRate of InterestTenureEMI
₹5,00,00021%36 Months₹18837.53
₹5,00,00020%36 Months₹18581.79
₹8,00,00019%36 Months₹29324.82
₹8,00,00020%36 Months₹29730.87

Well, it is clear from the table mentioned that the fluctuations in the rate of interest fluctuate the amount of EMI. Therefore, it is necessary to know the Business Loan Interest Rates before applying for a business loan.

Free CIBIL Score Buy 24K 99.9% Pure Digital Gold Online
Personal Loan Interest Rates August 2020
Fullerton India14.00% - 33.00%
HDFC Bank10.75% - 21.45%
ICICI Bank10.75% - 18.49%
IndusInd Bank11.25%
Kotak Bank10.99% - 20.99%
RBL17.50% - 24.00%
Standard Chartered Bank11.00% - 21.00%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates August 2020
Axis Bank7.75% - 8.55%
Bank of Baroda6.85% - 7.85%
Citibank8.20%
HDFC6.95% - 8.00%
ICICI Bank6.95% - 8.05%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank7.35% - 9.70%
LIC Housing6.90% - 7.90%
Piramal Capital & Housing Finance9.00% - 9.10%
PNB Housing Finance8.60% - 9.45%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI6.95% - 7.60%
Tata Capital9.20% - 9.35%