Why Tata Capital Business Loan?

Here’s why our Business Loan is the perfect match for you:We don't ask for any security or guarantor for our Business LoanYou get the flexibility of choosing from business loan repayment optionsFor our existing customers, we regularly provide exclusive pre-approved offers on business loansConvenient Online access to all details regarding your business loan.We offer unsecured business loans up to ₹9,000,000We seek minimum documentationWe give you quick online approval once you share the minimum documents we need

What the mode of repayment?

You can repay through Post Dated Cheques, Electronic Clearance Service (ECS) or Direct Debit.

Who can opt for a business loan in Mumbai?

Business loans are available to both professionals and non-professionals that are self-employed.Business loans interest ratesare highly competitive and are typically approved quickly. The following types of companies can secure business loans –Sole proprietorshipPartnership firmPrivate limited companiesClosely-held public limited companiesSocietiesTrustsHospitals, nursing homes, diagnostic centres, pathological labs

How does a business loan work?

A typical structure of a business loan involves a lending institution extending capital to a business owner, for which interest is charged. The business owner must pay back the business loan amount along with the applicable interest, in the form of Equal Monthly Instalments (EMIs), over a predetermined period of time known as loan tenure.Three core components make up a business loan –Principal amount – Also known as the loan amount, the principal is the sum of money a business owner borrows from a lending institution.Rate of interest – The rate of interest is the cost of borrowing the business loan, generally expressed as a percentage of the principal amount. This is the amount that you need to pay in addition to the principal loan amount.Loan Tenure – The tenure is the period for which the business loan is borrowed. Business loan tenure is calculated from the date of first disbursement till the date of payment of the final disbursement.

What is the minimum CIBIL score to get a business loan in Mumbai?

To avail a business loan, one must ideally have a CIBIL score of 700 or above. The same is true for both self-employed professionals such as doctors and engineers as well as self-employed non-professionals such as suppliers or manufacturers.CIBIL or credit score plays a huge role in determiningbusiness loan eligibility. Since a company’s CIBIL score is its credit footprint, it enables lenders to know the timely repayment ability of the business loan applicant.

What is the maximum tenure for a business loan?

Business loans are typically short-term loans. Thoughbusiness loan tenuremay differ from lender to lender, most lending institutions extend business loans for a tenure ranging from 12 months to 36 months.

What are the different types of business loans?

Lending institutions offer different types of business loans, designed to meet specific needs. They are as follows –Machinery loans –Machinery loans are designed exclusively to meet the expansion needs of businesses via the purchase of advanced machinery and equipment.MSME/SME loans –Designed to encourage the growth of small and medium-sized business enterprises, MSME/SME loans is a credit facility that can be availed for purchasing equipment, meeting operational expenses, and upgrading infrastructure.Business loans for women –These loans are extended to women business owners to help them expand their business and push them towards financial independence.

How much EMI do I need to pay for a business loan?

The amount ofbusiness loan EMIthat you will be required to pay towards the repayment of your business loan will largely depend upon three factors, as given below –Principal loan amount –The higher the principal amount, the higher will be the EMI amount you will need to pay.Rate of Interest –The higher the rate of interest, the higher will be the EMI amount you will need to pay.Loan Tenure –The EMI is inversely related to the loan tenure. The shorter the loan tenure, the higher will be the EMI amount you will need to pay.For a quick and accurate assessment of your business loan EMIs, use a handy online tool such as thebusiness loan EMI calculator.

What can business loans be availed for?

Business loans can be availed for a variety of reasons. You can use different types of business loans to purchase infrastructure for expanding operations, to increase production via the purchase of new and advanced machinery, to purchase and store inventory in advance of seasonal sales, to build a workforce of skilled employees, and to increase working capital.

Can I get a business loan without any collateral?

Yes, you can get a business loan without any collateral or security.

How to get a business loan approved for an online business?

You can take an online business loan for your online retail store or e-commerce website. You must fulfil the following criteria for swift online business loan approval:CIBIL score should be above 700Your business must be profitable for three consequent financial yearsYour turnover must show an upward trendA CA should audit your balance sheet

Will a business loan affect my credit?

Business owners have business and personal credit.Loans for sole proprietorship and partnership businesses are guaranteed by an individual. So, the loan is reflected in your personal CIBIL report. However, if your company’s structure is LLC, then the business loan affects only the business’ CIBIL score.

How does a business loan affect taxes?

Any interest levied on a business loan is exempt from taxation. This is because the interest paid is considered to be a business expense and not revenue. Registering as an MSME can also help you avail of business loan tax benefits on excise and other charges.However, the principal amount is not tax-deductible.

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Business Loan in Mumbai

Business Loan in Mumbai

Name: Business Loan in Mumbai
Address: Mumbai, 400 001, IN
Rating: 4.1

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Business Loan offerings and advantages in Mumbai

Structured EMI plans
We offer structured Business Loans EMI repayments at Tata Capital. So, you can choose a loan plan that is in line with your repayment capacity.

Attractive interest rates
At Tata Capital, we offer some of the most attractive Business Loans rates in the market. This means even more affordable loan EMI repayments for you!

Collateral-free loans
Business Loans in Mumbai at Tata Capital don’t require any security. This makes getting a loan with us even easier.

Simple documentation
Applying for a Business Loans in Mumbai can be tedious due to the long loan application process. So, at Tata Capital, we offer fuss-free Business Loans that require minimal documentation. This reduces the stress of finding documents on your end and also cuts the loan approval time.

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

₹

100,000%9,000,000%001,000,000%

₹1,00,000₹90,00,000

Loan duration

1%5%003%

1 Year5 Years

Rate of interest

12%26%0012%

12% p.a26% p.a

Monthly EMI

₹33,214*

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

As more women enter the world of entrepreneurship, the government has introduced special loan schemes for women entrepreneurs to help them achieve their dreams

Mudra Loan for Women

Any woman seeking financial assistance for a business like tuition centre, stitching shop, beauty parlour, etc., can apply for the Mudra loan for women. With this unsecured business loan, you can expand or improve your business operations with ease.

Annapurna Scheme

For women entrepreneurs in the food catering business, you can fulfil your working capital needs with a competitive business loan under the Annapurna Scheme. You can get a maximum loan amount of Rs. 50,000 for your catering business with a flexible loan tenure of up to 36 months.

Dena Shakti Scheme

The Dena Shakti Scheme provides affordable loans of up to Rs. 20 lakhs to women entrepreneurs engaged in manufacturing, agricultural, or retail activities. What's more, you can avail a business loan at subsidised interest rates.

Purpose of Business Loans

Running a successful business in the financial capital of the country always needs adequate availability of funds. A Business Loan helps you obtain sizeable funding for various business needs

Start a new venture

With exciting growth opportunities, Mumbai is the perfect place to start your new venture and give wings to your innovative business idea. Start your entrepreneurial journey with an affordable business loan from Tata Capital

Invest in machinery

A business loan can allow you to introduce the latest machinery and equipment to your business operations. With the quick availability of finance, you will be able to meet the market demand for your product in no time.

Fulfil working capital needs

In Mumbai, where expenses can quickly add up, you need regular funds to manage the everyday needs of your business, such as utility bills, salaries, inventory, and more. So, when times get tough, a business loan helps you meet your needs!

What are Interest Rates for Business Loans in Mumbai?

The interest is the amount you need to pay to your lender over the loan amount during EMI repayment. Now, the interest you pay on the business loan is determined by the Business Loans interest rate. And one factor that influences it is your loan eligibility. Meeting your lender’s prescribed eligibility criteria makes it easy to qualify for a lower interest rate. So, if you want to spend a lower amount on your Business Loans in Mumbai, choose a lender appropriately.

At Tata Capital, we offer the lowest Business Loans rates in Mumbai. This means lower loan EMIs, ergo easy EMI payments for you. So, what are you waiting for? Get a loan with us and enjoy some of the most affordable Business Loans interest rates in Mumbai!

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

The Business Loans eligibility criteria at Tata Capital are as follows:

You should be between 25-65 years old.
You should have a profitable business for over three consecutive years.
Your business should have a positive turnover.
Your balance sheet should be audited by a Chartered Accountant.

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

A photo identity proof

Business Proof

Income Proof

Bank Statements

KYC Documents

Property Documents

How to apply for a Business Loan online in Mumbai?

Click on the “Apply Now” button on our website.

Enter your personal details in the appropriate fields, and press submit. These details are verified to ensure you fulfil our loan eligibility criteria.

Next, we well provide you with a loan offer depending on your eligibility. On accepting our offer, you can upload the required documents for verification.

Once we verify the paperwork, we send an e-sanction letter mentioning the sanctioned loan amount.

You can download this from our online portal for future reference.

Lastly, we disburse your funds straight to your account.

Apply Now

Other Ways to Apply for a Business Loan in Mumbai

Via phone
Request a call back from our customer care number- 18602676060.
Virtual assistant
Get in touch with our virtual assistant any time.
Offline
Visit our Mumbai branch to complete the offline application process and connect with our seasoned lending experts.

Apply for a Business Loan with us today!

Quick Links

FAQs on Business Loan in Mumbai

Business Loan Blogs

Business Loan

Business Loan in Mumbai

Business Loan offerings and advantages in Mumbai

Business Loan EMI Calculator

Loan amount

Loan duration

Loan duration

Rate of interest

Special Scheme for Women Entrepreneurs

Mudra Loan for Women

Annapurna Scheme

Dena Shakti Scheme

Purpose of Business Loans

Start a new venture

Invest in machinery

Fulfil working capital needs

What are Interest Rates for Business Loans in Mumbai?

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

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

A photo identity proof

Business Proof

Income Proof

Bank Statements

KYC Documents

Property Documents

How to apply for a Business Loan online in Mumbai?

Other Ways to Apply for a Business Loan in Mumbai

Related Videos

Know more about Business Loans

FAQs on Business Loan in Mumbai

Why Tata Capital Business Loan?

What the mode of repayment?

Who can opt for a business loan in Mumbai?

How does a business loan work?

What is the minimum CIBIL score to get a business loan in Mumbai?

What is the maximum tenure for a business loan?

What are the different types of business loans?

How much EMI do I need to pay for a business loan?

What can business loans be availed for?

Can I get a business loan without any collateral?

How to get a business loan approved for an online business?

Will a business loan affect my credit?

How does a business loan affect taxes?

Business Loan Blogs

The Importance of a Business Plan in Securing Financing ...

What is Merchant Cash Advance (MCA)?

What is Cash Flow Forecasting?

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