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Every business, irrespective of its size and nature, requires funding from time to time. A business loan is an unsecured credit that can help you meet your growing business’ urgent financial requirements. You can apply for a business loan to usher in the funds required to expand your existing business, boost its production, take your business online, procure inventory, buy equipment, and much more.
You can apply for a business loan with us and get business finance of up to Rs. 90 lakhs. You can avail of our online business loan from the convenience of your home or office. We won’t make you run from pillar to post or burden you with endless paperwork. Additionally, you can choose a suitable tenure to repay your business loan amount at your convenience.
With Tata Capital’s new business loans, you can secure hassle-free funding and meet the short-term and medium-term financial requirements of your business. Whether you plan to equip your workforce with the latest technology, launch a new store shortly, or manage your company’s cash flow, our business loan offering with structured EMI options and extended tenures can be your perfect companion.
Disclaimer: Business Loans are at the sole discretion of Tata Capital Limited (TCL). Terms and conditions apply.
Loan Amount
₹ 1 Lakh to ₹ 90 lakhs
Loan Tenure
12 to 60 months
Self-Employed Non-Professional Interest rate starting @
16% - 26%
Self-Employed Doctors Interest rate starting
12% - 15%
Self-Employed Professional Other than Doctors Interest rate starting
13.25 % - 17.5 %
Tata Capital offers online business loans in India through its 5-step application process:
By securing a business loan from Tata Capital, you gain access to substantial funds that you can use to expand operations, increase production capacity, establish an online presence, procure inventory, purchase equipment, or pursue other business opportunities. Let's take a closer look at its key features.
Several lending institutions offer business loans in India to help business owners meet their urgent cash-flow requirements.
Usually, you can apply for a business loan for the following purposes:
With Tata Capital, you can avail of an instant business loan with zero collateral and minimum paperwork. Here are the different types of business loans available with us:
Self-employed individuals, Proprietorship Firms, Partnership Firms, Limited Liability Partnership Firms, Private Limited companies, Closely Held Public Limited companies, HUFs, Trusts, and Societies are eligible to apply for a business loan with Tata Capital.
You can apply for a business loan in India with Tata Capital in the following ways:
You can apply for a business loan in India with Tata Capital in the following ways:
At Tata Capital, we provide business finance with simple eligibility criteria and minimal documentation. You can apply for an online business loan and get hassle-free funding of up to Rs. 90 lakhs. Below are our business loan eligibility requirements you need to fulfill:
Your age should be at least 21 years at the time of applying for the business loan and not more than 65 years at the time of the last EMI
Your credit score should be at least 675 or more
Business should be profitable
Minimum 2 years business stability
Banking balance should be at least Rs. 5000
When you take a business loan, you’re required to pay Equated Monthly Instalments or EMIs every month towards its repayment. Your business loan EMIs depend upon various factors, including your business loan amount, tenure, and the rate of interest.
A business loan EMI calculator is a simple online tool that can help you evaluate the EMI amount that you will need to pay every month for the repayment of your business loan. Your EMIs will constitute both - the repayment of the principal component as well as the interest component of your business loan.
Here’s the formula a business loan EMI calculator uses to compute business loan EMI accurately:
E = P x r x (1 + r) ^ n / [(1+ r) ^ n – 1]
Here, E is the EMI amount, P is the principal amount, r is the rate of interest applicable on a monthly basis, and n is the tenor or duration for which the loan is taken.
For your convenience, Tata Capital provides multiple EMI options on new business loans. Below are the available business loan EMI options:
Tata Capital provides the best business loans in India to strengthen new-age entrepreneurs. Being an owner of a micro, small, or medium-sized enterprise (MSME), you can avail of our MSME loan to nurture and expand your business. We also offer business loans for new businesses at a competitive business loan interest rate to support new entrepreneurs. You can use our business loan calculator to know the EMIs that you would have to pay for your small business loan and plan your repayments accordingly.
Women entrepreneurs can apply for business loans for women and avail of some exclusive features and added advantages. Our eligibility criteria and the documents required for a business loan are the bare minimum. . Furthermore, you don’t have to fret about how to get a business loan, as you can apply for it by filling out a business loan application form on our website, dialing our customer care number through our app, or visiting your nearest Tata Capital branch.
Legal Identity Identifier (LEI) : If a non-individual borrower has an aggregate exposure of Rs. 5 crore and above from banks and financial institutions, then that borrower shall be required to obtain Legal Entity Identifier (LEI) code at the time of sanction. Borrowers who fail to obtain the LEI codes from an authorized Local Operating Unit (LOU) within the timelines mentioned below as per different exposure brackets shall not be sanctioned any new exposure nor shall they be granted renewal/enhancement of any existing exposure.
| Total Exposure | LEI to be obtained on or before |
|---|---|
| Above Rs.25 Cr | April 30, 2023 |
| Above Rs.10 Cr upto Rs.25 Cr | April 30, 2024 |
| Rs.5 Cr and above, upto Rs.10 Cr | April 30, 2025 |
To qualify for a business loan, you must have a minimum CIBIL score of 675. A higher score can improve your chances of approval and help you secure better terms and interest rates.
With Tata Capital, you can avail of business loans at the most competitive interest rates starting at 13.25% p.a. for professionals and 16% p.a. for non-professionals. Moreover, we can determine the best interest rate for you depending on your loan eligibility, credit score, income, and other criteria.
Besides, when you apply for a business loan with us, the loan will include various charges, including processing fees, foreclosure charges, EMI bounce charges, etc., which will be disclosed at the time of loan processing.
Tata Capital offers you business loans with easy eligibility and minimal documentation. Here's the list of documents required to avail of a business loan-
KYC documents, including a photo ID and address proof
Business proof, including business registration certificate, GST registration certificate, trade licence, or a certified copy of the partnership deed agreement or sole proprietorship declaration
Income proof, such as the last two years' income tax returns (ITRs) and computation of income, the last two years audited finances with the tax audit report, the last two years profit-loss statements, or balance sheet (duly audited by a chartered accountant)
Current account bank statements and GST returns for the last six months
You may also require some additional documents at the time of loan processing. Visit the documents required page for more details.
Follow the steps below to apply for a business loan from Tata Capital:
Business Loan eligibility criteria can a vary from one lending institution to another. To become eligible for a Tata Capital Business Loan, you need to fulfill the following requirements:
For more details on our business loan eligibility criteria, visit our Business Loan Overview page.
We strive to make the loan repayment process super convenient for you with flexible payments. You can pay your EMIs via various payment instruments. We also allow EMI payment through a direct debit facility, electronic clearance service, or post-dated cheques.
Yes, at Tata Capital, you can enjoy 100% collateral-free loans to meet all your urgent business requirements.
Foreclosing a loan means making full repayment of the outstanding loan amount before the end of the scheduled EMI period. To foreclose a business loan, contact Tata Capital at 1860 267 6060 or email us at customercare@tatacapital.com.
With us, you can also avail of quick loans for your online business. Whether you run an e-commerce website or an online retail store, apply for a loan to fulfil your working capital requirements. You must fulfil the following eligibility criteria to ensure quick approval for your online business loan:
Your CIBIL score should be above 700
Your business turnover is showing an upward trend
Yes. If you have applied for a business loan for your proprietorship or partnership business, the loan will get reflected in your credit report. As a result, any late payments or EMI defaults will also negatively impact this credit score. However, if your business is an LLC, the business loan will only affect your business credit score and not your personal credit score.
The interest levied on your business loan is eligible for tax deductions because the interest payment on a business loan is a business expense and not revenue. This means you can reduce your taxable income when you apply for a business loan in India. However, note that the principal component of the loan is not tax-deductible.
If you're running a sole proprietorship business, having a business account is not mandatory. However, if you have a partnership business or an LLC, you must have a business account to get a business loan.
An MSME business loan from Tata Capital is a financial product specifically designed for Micro, Small, and Medium Enterprises. These loans help MSMEs manage their working capital needs, expand operations, or meet other business expenses.
To qualify for a business loan from Tata Capital, you must fulfil the following eligibility criteria:
Your business loan EMI will depend on several factors, including your loan amount, tenure, and interest rates. To get an idea of the EMI amount you need to pay, use our online business loan EMI calculator.
Tata Capital provides business loans of up to Rs. 90 lakhs. However, the maximum loan amount you can secure depends on your loan eligibility and credit score.
Tata Capital offers you a longer repayment tenure of up to 60 months. With us, you can easily pick a comfortable repayment tenure based on your business's financial needs and affordability. We also offer various EMI plans to repay the loan as per your income cycle.
At Tata Capital, the interest rate on your business loan is fixed. This means the interest rate and the EMI amount do not change during the course of the loan.
Tata Capital offers two types of Flexi EMI plans for business loan repayment-
Step Up Flexi EMI Plan: This repayment plan lets you pay lower EMIs at the beginning of the tenure and gradually increase the EMI as your income grows. This plan helps you manage your loan repayment as per the income flow.
Step Down Flexi EMI Plan: This repayment plan allows you to pay higher EMIs initially and then decrease them gradually. This plan helps you reduce your interest outcome.
At Tata Capital, the qualifying criteria for business loan approval are quite simple. Here are the requirements you need to fulfil-
Turnover of Rs. 50,000+ p.a.
Minimum two years of business stability
Business should be profitable
A minimum banking balance of Rs. 10,000
You can track the status of your business loan application. You can also contact your sales representative for details.
In case of any issues or queries, you can call us at 1860-267-6060. Additionally, you can also write to us at contactus@tatacapital.com or visit your nearest Tata Capital branch.
Tata Capital offers various Ways to Service:
Say 'Hi' on Tata Capital's WhatsApp number, 7506756060, from your registered mobile number.
Login to Tata Capital's Mobile App. Download the Tata Capital mobile app
Log into the Tata Capital website
Call our Customer Care Number 1860 267 6060
Email Us at contactus@tatacapital.com for a new loan requirement
Visit Tata Capital's service branches. Find your nearest branch
Send us an SMS from your registered mobile number to 97059 66060.
Interact with TIA to learn more about Tata Capital's products and services. TIA is also available on Google Assistant & Alexa.
You can get a business loan with Tata Capital at attractive interest rates starting at 12%-15% for self-employed doctors, at 13.25%-17.50% for self-employed professionals other than doctors, and at 16%-26% for non-professionals.
Here's how you can do it-
For Retail Loans:
Click here to know if your bank is a participant in digital E-NACH
If your bank is a participant in digital E-Nach registration, then follow these steps-
Raise the request by logging into Tata Capital's website. Login here.
You can also send us a request via email at customercare@tatacapital.com with a scanned image of your cancelled cheque (with your name on it) of your new bank account or the account statement with the bank's details with IFSC (Indian Financial System Code).
After receiving the request with the document, we will send you an SMS with an E-NACH registration link to your registered mobile number.
You are requested to complete the E-NACH registration. Once you've successfully registered, the new bank account details will be updated in our records.
If your bank is NOT a participant in digital E-Nach registration, here's what you need to do-
Since your bank is not a part of digital e-NACH registration, you need to provide some physical documents. You can contact us to place a request for your Bank NACH change. Our service executive will contact you on your registered mobile number to fix an appointment at your convenience and collect the below documents.
1. Photocopy of a cancelled personalised cheque from the new bank account
2. Your consent and signature on the new NACH mandate form (the executive will carry this form along with him)
Please note that it takes about 30 days for the NACH to be registered with the bank.
Note: EMI will be presented to the existing bank till the time your new bank account gets updated in our records.
Once your loan is closed, the NOC will be dispatched to your address within five working days. However, if you want to receive the NOC at a different address or at the nearest Tata Capital branch, you can contact us.
Once you log in to your account, you will be redirected to a page where you can select the Loan Account Number to download your Business Loan's statement and welcome letter.
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