TATA Capital Business Loan
Last Updated : Feb. 6, 2023, 5:41 p.m.
Looking to buy new office, buy new machinery, renovation, increase working capital. Tata Capital is the best option to take loan without any security. It provides unsecured business loan up to Rs.50 Lacs. It provides customized loan according to the your business plan. With Tata Capital, it is easy to take business loan without any difficulty. This loan is hassle free with minimal of document. The interest rate on a business loan starts at 19.00% and you can take loan from 5 Lac to 50 Lacs.
TATA Capital Business Loan Interest Rates
| Particulars | Details |
|---|---|
| Rate of Interest | Starting from 19.00% p.a |
| Loan Amount | Rs. 5 Lac to Rs. 50 Lacs |
| Processing Fee | 2.75%of the loan amount + GST |
| Tenure | 12 Month to 36 Months |
Business Loan Types
Term Loan – You can choose yourself short term and long term loan and intermediate term loans.
Overdrafts – When you need extra money, avail this temporary loan in excess of your current account.
Working Capital Loan – A working capital loan is loan that is taken to carry out the everyday tasks of the company.
TATA Capital Business Loan Eligibility Criteria
- The borrower must be minimum 25 years and maximum age is 65 years at the time of loan maturity.
- Your business must be present for last 3 financial years.
- The Business cash flow of last 2 years should be positive.
- Your every year profit and loss account, balance sheet must be audited and attested by chartered Accountant.
- Ownership proof is mandatory.
- Business turnover should always be in the upward direction.
Business Loan EMI Calculator
| Loan Amount | Interest Rate | Loan Tenure | Monthly EMI | Total Amount with Interest | Total Interest Amount |
|---|---|---|---|---|---|
| Rs.5,00,000 | 19.00% | 12 Month | Rs. 4,60,78.29 | Rs. 5,52,939.48 | Rs. 5,29,39.48 |
| Rs.5,00,000 | 19.00% | 24 Months | Rs. 2,52,04.31 | Rs. 6,04,903.44 | Rs. 1,04,903.44 |
| Rs.5,00,000 | 19.00% | 36 Months | Rs.1,83,28.01 | Rs. 6,59,808.36 | Rs. 1,59,808.36 |
Features & Benefits
- Tata Capital offers the facility of customize the product.
- It provides unsecured loan without any security and collateral.
- You can have an option to pay EMI for a loan from anywhere anytime.
- You get the loan facility at the door step.
- It Require minimum documents list and get instant soft approval.
Tata Capital Business Loan Documents Required
KYC Documents
- Pan Card
- Passport Size Photograph
- Identity Proof (Passport, Voter id, Driving License, Aadhar Card)
- Address Proof ( Aadhar Card, Utility Bill, Rental Agreement, Voter id)
Business Proof
- Duly filled business application form.
- Trade License/Sale tax Certificate.
- Business Ownership Document
- Sole Proprietorship Declaration
- Income Tax Return with calculation of last two years.
- Profit & Lose statement.
- Audited the balance sheet for the last 2 years by a chartered Accountant.
- Company’s bank statement for the last 6 months.
Business Loan EMI Methods
Structured EMI – Structured EMI means you can customized EMI according to your requirements and plans.
Fixed EMI – Fixed EMI means the interest and principal charged is fixed to the entire loan amount.
To Know More Details: https://www.tatacapital.com/