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Business Loan offerings and advantages in Coimbatore

Manufacturing hub
Since the state has an extensive textile industry, it’s no wonder that it is dubbed the ‘Manchester of South India.’ The city is the primary location for a vast number of manufacturing industries dealing in cotton, cotton products, and even the engineering sector. No doubt, the competition is high, but so are the opportunities to thrive and take your business to new heights with a swift business loan in Coimbatore.

Affordable finance for all types of businesses
For any type of business, access to affordable finance can help keep the business on track. Coimbatore is an emerging location for various industries – textile, manufacturing, IT, healthcare, automobile, and more. With Tata Capital, no matter which industry you cater to or what your business requirements are, you can avail of competitive finance at the best interest rates possible.

  • Loan Amount

    ₹ 0.40 lakh to ₹ 90 lakhs

  • Loan Tenure

    12 to 60 months

  • Self-Employed Non-Professional Interest rate starting @

    15%-25%

  • Self-Employed Doctors Interest rate starting

    @ 12.00%-15.00%

  • Self-Employed Professional Other than Doctors Interest rate starting

    @ 13.00%-17.50%

Business Loan EMI Calculator

Loan amount
₹
9,000,000%1,000,000%
₹1,00,000₹90,00,000
Loan duration
1%5%3%
1 Year5 Years
Loan duration
12%60%36%
12 Months60 Months
Rate of interest
%
26%12%
12% p.a26% p.a

Monthly EMI

₹33,214*

Created with Highcharts 9.0.1Total Amount ​ Payable​₹11,95,715*​Total Amount ​ Payable​₹11,95,715*Total Interest ​ Payable​₹1,95,715*​Total Interest ​ Payable​₹1,95,715*

  • Total Amount Payable

    ₹11,95,715*

  • Total Interest Payable

    ₹1,95,715*

Total Amount Payable

₹11,95,715*

Total Interest Payable

₹1,95,715*

Apply Now

Special Scheme for Women Entrepreneurs

Coimbatore is one of the fastest-growing cities in India, with ample economic opportunities. If you're a woman entrepreneur looking to take advantage of the strong business scenario in Coimbatore, you can apply for a business loan under various government schemes

Mahila Udyam Nidhi Scheme

Mahila Udyam Nidhi Scheme aims to provide financial assistance to small-scale industries owned by women entrepreneurs. You can avail a loan of up to Rs. 10 lakhs with a repayment tenure of up to 10 years.

Bhartiya Mahila Bank Business Loan

The Bhartiya Mahila Bank Business loan provides finance for working capital needs, business expansion, and manufacturing, amounting to Rs. 20 crores.

Purpose of Business Loans

In a thriving city like Coimbatore, a business loan can help grow your venture at par with your competitors. Here’s how you can use a business loan at affordable interest rates for business operations.

Start a new venture

With a developing IT, manufacturing, and healthcare sector, running a business in Coimbatore can be highly profitable. Avail a business loan from Tata Capital to finance your unique business idea hassle-free.

Upgrade equipment

Thanks to digitisation, the business scenario is growing highly competitive every day. And to meet this increasing market demand, you need access to the latest machinery and equipment, which can be achieved with a business loan from Tata Capital.

What are Interest Rates for Business Loans in Coimbatore?

With ample growth opportunities for business, Coimbatore is becoming a top investment hotspot. And so you can easily avail a reasonable business loan in Coimbatore at flexible terms to suit your needs. Tata Capital extends to you the most affordable business finances options as we offer competitive Business Loans interest rates in Coimbatore.

At these rates, you not only improve your business's financial health effortlessly, but you will be able to repay your EMIs with ease. This way, you don’t have to worry about burdening your company’s cash flow requirements. With the lowest business loan rates in Coimbatore, you can boost your business operations, buy new equipment, upgrade your machinery, or cover your everyday business expenses hassle-free.

So make the most of our flexible business loan offerings in Coimbatore and apply today!

What are the eligibility criteria for a Business Loans in Coimbatore?

Before you apply for a business loan, it is crucial to understand the Business Loans eligibility  criteria set by the lender. This depends on various factors, including age, income, business performance, CIBIL score, etc.:

  • The age of the candidate must be between 25 to 65 years

  • A CIBIL score of 700 or above

  • An upward trend in the business turnover

  • The business should be profitable for at least three consecutive years

  • The balance sheet must be audited by a registered CA

What are the documents required for getting Business Loan in Coimbatore?

Company bank statements

Income tax returns

KYC documents of the company

Balance sheet and Profit and Loss Account

A detailed business plan

KYC documents of the owner

Business proof

ID proof

Bank statements

How to apply for a Business Loan online in Coimbatore?

1

Visit our website and complete our online application form

2

Once you receive your loan eligibility, furnish the required documents to start the verification process.

3

Our experts will verify your business loan application and the documents; if all looks good, we will get in touch with you. This will be followed by the loan sanctioning process.

4

Finally, receive your funds directly to your bank account within a few days.

Apply Now

Other Ways to Apply for a Business Loan in Coimbatore

Get in touch with us in several ways to apply for business loan in Coimbatore:

  • Visit the branch
    You can visit any of our country-wide branches and apply for a business loan. Our executives will help you through the process.

  • Online
    Just access our application form on our website and apply by filling in a few details.

  • Virtual assistant
    Enjoy utmost convenience and apply for a loan with the help of our loan processing virtual assistant.

  • On the phone
    Now, we’re just a phone call away! Simple connect with us at 1860 267 6060 and apply for a loan today.

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Thinking of expanding your business?  Want to take your business to new heights? From expanding your operations to upgrading your equipment, Tata Capital has got your back! Let Tata Capital business loans fuel your entrepreneurial spirits and help turn your business dreams into reality!

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