Tata Capital business loan covers every need that arises with growing business such as taking the business online, enhancing production, buying new equipment, or any day-to-day expenses. Get a business loan up to Rs.75,00,000 for tenure up to 36 months with the interest rate starting at 19% per annum.
Features and Benefits
- Minimum Loan amount Rs. 5,00,000 and Maximum Loan amount Rs. 75,00,000.
- You can get customized loans as per your business requirement like for buying inventory, for expansion, for managing cash flow, or to support your business’s financial health.
- Get a loan without any collateral security. With Tata Capital, there is no need to put any of your assets for financing loans.
- Tata Capital provides flexible EMI plans, you can repay your loans in 12 to 36 months, and you can also decide your monthly EMI as per your business income.
- They facilitate an easy loan application process and minimal paperwork with relaxed eligibility criteria.
- They also provide different types of business loans such as Business Loan for women, MSME/SME loans, working capital loans, Machinery loans.
- You must be an Indian Resident
- Minimum Age 25 years, Maximum Age 65 years
- CIBIL/ Credit Score 700 and above
- Business Must be earning profits for pas 3 consecutive years.
- Business Turnover must be increasing.
Documents Required for Tata Capital Business Loans
- Bank statements of last 6 months
- ITR of last 2 years
- Balance sheet and P/L of last 2 years
- KYC documents
- Business owners KYC documents
- Report mentioning details regarding the usage of Business Loan Amount
- Proof of Business
How to apply for Tata Capital Business Loans?
You can apply loan online or Offline
- Visit tata capital’s official website.
- Click on the Business loans online application
- Fill in the details asked for.
- Submit all the documents required
- Your documents will verify and this may include a personal discussion with you.
- If everything is okay the loan will approve.
- After approval, the requested loan amount will transfer to your bank account.
- Visit your nearest Tata Capital branch with all the documents required, their lending professionals will help you to apply for your loan.
Fee and Other charges
- The interest rate starts at 19% per annum.
- Processing fees applied onwards 1.5% of the loan amount.
- Interest rates and a processing fee may differ, depending on the loan amount you required.
- Interest on Overdue amount per month applied 3% + GST.
- Document processing gee Rs. 1999+GST.
- Foreclosure charges at 4.5% on remaining principal amount + Tax.
- Loan Cancellation charges 2% of the principal amount of Rs. 5750 w.e.h. + GST.
Call – 1860-267-6060 (9 am to 8 pm)
Email – email@example.com
Official Website – Tata Capital
1] How to get h a tata capital Business loan?
Apply online or call 1860-267-6060 to get a Business Loan. You can also contact us by e-mail at firstname.lastname@example.org or by visiting one of our branch offices.
2] For taking a business loan with Tata Capital, do collateral security required?
No, Collateral security does not apply for taking a loan through Tata capital.
3] How much my credit score should be to apply for a loan with Tata Capital?
You required a credit/CIBIL of 700 and above.
4] What is the repayment mode available?
Postdated cheques, Electronic Clearance Service (ECS), or Direct Debit are all options for repayment.
5] How long will it take for me to repay the loan?
You can repay your business loan for up to 36 months.
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UPDATE ME PLEASE ON HOW TO TO APPLY
follow the online method which is mentioned in the blog