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Explore the latest business loan interest rates from Tata Capital. Review all the charges related to a business loan before applying.
Business loan interest rates are the annual interest charges expressed as a percentage and charged on the outstanding amount of your business loan. These interest rates can vary from one lending institution to another in India.
At Tata Capital, we provide competitive interest rates, starting from 12% per annum for professionals and 14% per annum for non-professionals. Your final interest rate will depend on several factors, like income, business turnover, credit score, and others.
Moreover, you need not worry about any hidden charges while applying for a Tata Capital business loan. All fees, including processing, foreclosure, and EMI bounce charges, are communicated properly during loan processing.
The business loan interest rates in India for self-employed individuals may vary from one lending institution to another. The interest rates for business loans may also depend on the nature of the business and the qualifications of the borrower.
The table below depicts our business loan interest rates for self-employed individuals:
| Customer Profile | Rate of Interest |
|---|---|
| SEP other than doctors | 12% -17.5% |
| Self Employed Doctors | 12-19% |
| Self Employed Non professional | 14%-26% |
At Tata Capital, we provide business loans for self-employed professionals - such as doctors, lawyers, chartered accountants, etc. - at lower interest rates as compared to self-employed non-professionals. Our business loan charges may also differ based on the customer’s profile.
When you apply for a business loan with a lender, it incurs several expenses while processing your loan application. To cover these expenses, lenders charge a business loan processing fee. This fee is charged as a fixed percentage of the sanctioned loan amount.
The processing fees for business loans usually comprise the expenses incurred by the lender to review the borrower’s credit score, check their business loan eligibility, verification of documents, and other administrative charges. This fee is charged as a one-time cost and is non-refundable.
At Tata Capital, we charge a very nominal business loan processing fee of upto 3% of the loan amount
For default in payment of interest and/ or principal amounts – 3% per month on defaulted amount (Annualized Penal Charge of 36%)
These are those charges that are levied in case of an EMI bounce per instance. In other words, these charges are levied when you miss a Business loan EMI payment due to inadequate funds in your bank account. At Tata Capital, you’ll be required to pay Rs. 600 for every Cheque/Payment Instrument Dishonour.
Charges will be levied if EMI is due but valid instrument is not available for banking due to Mandate rejected by Borrower’s bank or EMI Post-dated cheques(wherever applicable) are not available. Tata Capital charges a nominal amount of Rs. 450
Apart from the interest rate and processing fee, lenders can levy several types of business loan charges to cover unforeseen expenses during the loan tenure. These charges may include document processing fees, collection fees, and foreclosure charges, among others.
First Year: 1% or 1000 whichever is higher per year will be deducted from the Facility and shall be payable at the end of the 13th month
Second Year: 0.75% or 1000 whichever is higher per year will be deducted from the Facility and shall be payable at the end of the 13th month
Subsequent years: 0.5% or 1000 whichever is higher per year will be deducted from the Facility and shall be payable at the end of the 13th month
₹ 1999
Soft Copy - Nil
Branch walk-in - ₹ 250
Foreclosure charges on Term Loan Facility:
4.5% on the principal outstanding at the time of foreclosure
Part-Prepayment/ Prepayment/ Foreclosure charges on Top-up:
Part-Prepayment/ Prepayment/ Foreclosure Charges in Hybrid Term Loan:
4.5% on the dropped down amount at the time of foreclosure
2% of the loan amount or ₹ 5750, whichever is higher
₹ 550
Soft copy - Nil
Branch walk-in - ₹ 550
₹ 550
Soft copy – Nil
Branch walk-in - ₹ 199
As applicable
Charges Rs 850
At Actuals
At Actuals
At Actuals
At Actuals
At Actuals
At Actuals
Broken Period Interest amount and 1st EMI date depend on the date of disbursal and the final figures would be mentioned in the Welcome Letter
Note:
The business loan interest that you need to pay on your business loan depends on several factors, including business loan amount, loan tenure, and the business loan interest rate charged.
This interest rate is expressed as a yearly percentage and is applied to the outstanding principal amount of the business loan.
To calculate the interest rate, lenders multiply your outstanding principal amount by the applicable interest rate.
To simplify, you can simply use a business loan EMI calculator to find out the interest amount and the EMI that you need to pay.
You can also use the following formula to evaluate your business loan EMI:
EMI = [P x r x (1+r) ^n]/[(1+r) ^n-1]
Here,
‘P’ is the Principal Loan Amount
‘r’ is the rate of interest
‘n’ is the loan tenure in months.
Lending institutions offer two categories of business loan interest rates in India, namely, fixed business loan interest rates and floating business loan interest rates.
Fixed Business Loan Interest Rate: In the case of a fixed business loan interest rate, the rate of interest remains fixed throughout the loan tenure. Thus, your EMIs also remain the same.
Floating Business Loan Interest Rate: The applicable interest rate for floating business loan interest rate keeps on changing as per the Repo-Linked Lending Rate (RLLR) that is decided by the Reserve Bank of India (RBI).
Business loan rates in India are decided based on numerous factors, some of which can be controlled by the applicant. Here are a few tips for you to get the lowest business loan interest rate:
Lending institutions determine business loan interest rates after looking at several factors, such as:
A Tata Capital business loan gives you access to adequate business funding at competitive interest rates, which you can use to meet your working capital requirements, expand your business, and upgrade business equipment.
Our business loans are flexible to complement your diverse business-related financial requirements.
Enjoy attractive business loan interest rates starting from 12% per annum. We also offer fixed and structured EMI plans to facilitate easy repayment.
You can also avail of extended loan tenures of up to 60 months with our business loan.
Tata Capital’s business loan doesn’t require collateral; you can conveniently submit your loan application online and get faster approval without standing in long queues.
Business Loan | 22 May, 2025
Business Loan | 22 May, 2025
Business Loan | 14 May, 2025
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