Tata Capital Business Loan

The fees and charges for availing Tata Capital Business Loans are mentioned below:

Fees and Charges for Tata Capital Business Loans

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Purpose: Tata Capital Term Loan is a secure loan designed for businesses looking to grow by upgrading technology, investing in research, or setting up new facilities. The application process is quick and online, with minimal paperwork, and approvals and disbursals are done digitally. Additionally, Tata Capital provides pre-approved term loans, allowing suppliers to OEMs approved by the NBFC to access working capital loans for up to 45 days of supply to the manufacturer.

Loan Amount: Up to Rs 2 crores

Purpose: Tata Capital Business Loan for Women is made for women who run businesses. It helps them grow their business and manage their money better. With this loan, women entrepreneurs don't need to give any valuable items as security. Plus, they can decide how much they want to pay back each month, making it easier for them. Tata Capital also creates special loans for women, making it more likely they'll get approved for a loan.

Interest Rates:

• For self-employed doctors: 12% – 15% p.a.
• For self-employed non-professionals: 15% – 25% p.a.
• For self-employed professionals other than doctors: 13% to 17.50% p.a.

Loan amount: Rs 5 lakh to Rs 75 lakh

Loan tenure: 1 to 3 years

Purpose: Tata Capital's Business Loan for Machinery helps businesses buy new equipment and machinery. You don't need to give anything valuable as security, and you can decide how much you want to pay back each month, making it easier. Tata Capital also offers special loans for machinery, which can increase your chances of getting approved for a loan.

Interest Rates: 15% p.a. onwards

Loan amount: Rs 5 lakh to Rs 75 lakh

Loan tenure: 1 to 3 years

Purpose: Tata Capital's Business Loan for MSMEs/SMEs helps these small and medium-sized businesses finance different needs such as buying new machinery, ensuring smooth cash flow, retaining skilled employees, and more. You don't have to put up any collateral to get this loan. Plus, you can decide how much you want to pay back each month, making it easier. Tata Capital also provides tailored loans for MSMEs/SMEs, which can increase their chances of getting approved for the loan.

Interest Rates: 15% p.a. onwards

Loan amount: Rs 5 lakh to Rs 75 lakh

Loan tenure: 1 to 3 years

Purpose: Tata Capital's Construction Finance helps businesses with various financial needs like buying new equipment, getting working capital loans, and leasing equipment. This allows them to finance a range of construction equipment like excavators, loaders, and cranes. They offer up to 100% financing without needing extra security and say the paperwork is minimal, making it easier for businesses.

Loan Tenure: 1 to 5 years

Purpose: Tata Capital Construction Finance is for real estate developers working on projects in certain cities. The amount you can borrow, how long you have to pay it back, when you have to pay, and the interest rates depend on your project and your experience, and also on how the market is doing.

Purpose: Tata Capital's Commercial Vehicle Finance helps businesses get money to buy new or used commercial vehicles like trucks, buses, and special trailers. They offer different options like term loans and refinancing, where you can get up to 100% of the vehicle's cost without needing extra security. Plus, they say the paperwork is minimal, making it easier for businesses.

Loan Tenure: 3 to 5 years

Here are the eligibility criteria to apply for Tata Capital Business Loans:

• Types of eligible businesses: Sole proprietorships, partnership firms, private limited companies, closely held public limited companies, societies, trusts, hospitals, nursing homes, diagnostic centers, and pathological labs.
• Age: Applicants should be between 25 to 65 years old.
• The business must have been profitable for three consecutive financial years.
• The turnover of the business should show consistent growth.
• A CIBIL/credit score of 700 or above is required.
• Balance Sheet and Profit & Loss Account should be audited by a registered Chartered Accountant.

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Here are the documents required for different Tata Capital business loan schemes:

• Photo ID proof: Aadhar card, Driving license, Voter ID, or Passport
• Last 6 months bank statements of the company
• Additional bank statements
• Last 2 years Income Tax Returns
• Financial statements: Balance Sheet and Profit & Loss account of the last 2 years
• KYC documents of the business and business owners
• Detailed business plan: A report outlining how the loan will be utilized
• Business proof: Trade License, Sales Tax Certificate, Sole Proprietorship Declaration, Partnership Deed, Income Tax Returns along with computation for the last 2 years or financial statements (Profit and Loss Statement and Balance Sheet) for the last two years
• Duly filled application form with 2 passport-sized photographs

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