Term Loans
Tata Capital Term Loans are designed to help you meet all your business requirements and fund your business expansion and growth.
Automation, technological advancements, and digitalization have changed the way we do business. We at Tata Capital support your investments in acquiring new assets and technology by offering Equipment Financing and Leasing solutions.
Financing the right equipment for your business can enhance your business competitiveness, generate business value and provide a foundation for business growth. Tata Capital Equipment Financing and Leasing Solutions brings you comprehensive and innovative, solution-oriented asset financing solutions. A pre-established credit line at Tata Capital allows you to acquire the equipment in minimal turnaround time.
(i) Default in payment of interest and/or principal amounts @ 18% p.a. on the defaulted amount
(ii) Dishonour Charges: Rs. 670/- (Rupees Six Hundred and Seventy only) for every Cheque/ Payment Instrument/ ECS Dishonour.
(iii) Non-creation/perfection of security: @ 2% on the outstanding principal amount will be charged for the period of delay in respect of delayed/non-submission of security/collateral related documents and non-perfection of security.
*Charges to be paid along with applicable Tax
Description | Periodicity | Penalty Amount |
---|---|---|
Delayed/non submission of stock statement | To be submitted Quarterly by 10th of every Calendar Quarter. | Additional one time charge of Rs 20,000/- per Quarter |
Delayed First Insurance cover note . and non renewal of Insurance on due date |
First Insurance:- within 30 days from disbursement date. Renewal : as and when due |
Additional one time charge of Rs 20,000/- per financial year |
Non adherence of financial covenants’ of sanction letter | At the time of Review /Renew of account | Additional one time charge of Rs 20,000/- per financial year |
Documentation charges | Rs 5000/- | |
Stock Audit charges | Rs 5000/- | |
ROC and CERSAI filling | Rs 5000/- | |
Valuation charges | As per actuals | |
TSR fees / Title search fees | As per actuals | |
Security trust fees | As per actuals |
Charges to be collected along with applicable Tax.
Acquiring business equipment can be a costly affair. You may have to shell out a significant sum of money to procure assets such as capital goods, IT hardware, commercial vehicles, large machinery, etc., that are essential for your business. However, with Tata Capital Leasing Solutions, you can now get these equipment(s) on lease instead of having to pay for them upfront.
Leasing allows you to acquire an asset or equipment without paying the ownership amount. Such a facility enables you to remain asset-light and focus on your core business activities. Moreover, you won’t have to worry about the maintenance of your business equipment as we will take care of asset management and asset disposal functions.
At Tata Capital, we offer leasing solutions for the following products:
Here’s why you should choose Tata Capital to get a Equipment Finance or Leasing solution for your business:
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