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Not getting the desired loan amount

- Try adding multiple partner/director as a co-applicant alongwith the borrowing entity

Not getting the desired loan amount?

- Finance Buddha can try to do a debt consolidation/balance transfer to increase eligibility

TATA Capital Business Loan

Are you looking for a business loan from a friendly, customer centric, well-run, finance company that will understand your business needs and tailor their offerings accordingly? Are you facing a liquidity crunch in your business because of delayed payments, delayed release of work orders or letter of intents from clients? Are you worried about paying regular salaries to the people who are working to run your business for you? TATA Capital understands all this and more.

Small Business Loans-SME/MSMEs Loans

To date, SME financing is only provided to businesses that have a solid financial backing in terms of either assets or goodwill. However, lately, a plethora of start-ups have emerged on the horizon to cater to the needs of people who do business on a small scale. These start-ups are leveraging technology and alternate data from the market to underwrite such loans. They are helping lesser-known businesses to expand or filling up their liquidity gaps by bridge loans. Lending through the online route is making it easier for SMEs/MSMEs and small entrepreneurs to receive loans. While banks are catering to established and well-known businesses, these start-ups are helping small entrepreneurs who require only limited amounts of say INR 500,000 to secure finance.
Therefore, if you are planning to start a small business or you are finding it difficult to manage an already existing one, all due to financial burdens, then Tata Capital can easily take your entire financial burden, leaving you free to manage your business. Such finance will provide you with money to tide over your short-term financial worries. These can assist your business to wade through any economy. 

Features and Benefits of Tata Capital Business Loan

Tata Capital Business Loans from Finance Buddha offer the following features and benefits:

  • Multiple Loan Programs
  • Transparent Interest Rates
  • Flexi EMIs
  • Hassle Free Loan Disbursal

With Tata Capital Business Loans, you are offered multiple loan programs that help your business sustain itself in the competitive world. The loan programs are scrutinized and vetoed by experts under three heads namely turnover, cash profit and banking. Even qualified medical doctors can avail of these loans. 
Business Loan Interest Rates at Tata Capital are decided based on the credentials of the borrower, cost of funds, tenure of the loan and the dynamism in the market. The Transparent Interest Rates offered by Tata Capital are as per market standards. 
Flexi EMIs option offers you an excellent opportunity to customize your loan repayment as per your fund availability. You will get to choose from among the Step Up Flexi EMI plan, the Step Down Flexi EMI plan and the Bullet Flexi EMI plan. 
What is more, you will enjoy hassle free loan disbursal once your documents are verified and your sanction letter issued. Normally, Tata Capital approves commercial loans within three business days after a duly filled up application and the necessary documents are submitted. 

Why Should You Choose TATA Capital Business Loan?

  • Backing of Tata Sons.
  • Registered with RBI as an NBFC.
  • Tata name associated with trust and integrity.
  • Tata name well-known for transparent business practices.
  • Tata Capital Financial Services Limited does what is right for the customer.
  • Tata Capital provides commercial finance, consumer loans, wealth management solutions and infrastructure finance to industry.
  • Tata Capital Financial Services Limited has a network of 100 well equipped branches citywide to service customers.

How to Apply Online for TATA Capital Business Loan?

Applying online for a business loan from Tata Capital through Finance Buddha is not very difficult. We are not just a loan comparison site. We also do the last mile work by getting you the loan cheque. We have got disbursed approximately INR 25000 million worth of loans to date in fourteen cities to 80,000 plus customers. We are connected to 35 plus banks and NBFCs. Our online loan application procedure goes thus:
Ø First the customer compares loan offers from all major banks and NBFCs online.
Ø Next he chooses a suitable option using our smart search feature and applies online.
Ø Advisory services from the staff at Finance Buddha get in touch with the customer. 
Ø Finance Buddha also provides documentary assistance and help in application of the loan.
Ø It helps in signing of the loan agreement and coordinating funds transfer.
It is to be noted that this procedure is totally transparent and quick. 

Eligibility Criteria for Tata Capital Business Loan

Money is the grist on which the mill of your business runs. In other words, money is the oil on which the machine of your business works. Any business, whether big or small, requires finance. Many small and medium business owners rely on Tata Capital for their business loan requirements. This is because the company offers business loans at competitive interest rates and with quick approvals. As already indicated earlier, the business loan interest and amount are based on factors like business turnover, business profit and credit history. There are also some other criteria to be eligible for a business loan from Tata Capital.
The minimum age to apply for a business loan is 25 years. An entrepreneur who is a maximum of 65 years of age can apply for this loan. Additionally, the business should be making profit continuously for the last three years. Apart from all this, the turnover of the business should show an increasing trend over a period, with a minimum turnover of INR 4 millions for proprietorship, partnership firms, private limited companies, limited companies (closely held), societies and trusts. In addition, these companies should have a minimum ITR of INR 300,000 value. Tata Capital only accepts audited financial results of businesses. 

Documents Required for Tata Capital Business Loan

The documents required by Tata Capital officials for your business loan approval are the following: 

  • A passport photo of each applicant and co-applicant
  • Income tax returns, audited balance sheet and profit and loss statement for the last two years along with the bank statements of the current account for the last six months. Additionally, we also require business proof and the latest year provisional and sundry creditors and debtors list.
  • Certified copies of bank account statements for the last six months
  • KYC documents for the co-applicant
  • Partnership deed/MOA and AOA/License issued under shops and establishments act for business proof

This is not an exhaustive list of the documents required for obtaining a business loan from Tata Capital. Officials at the company may ask you for more documents during credit appraisal. 

TATA Capital Business Loan Interest Rates/Fees and Charges

When you are doing business, every day is critical and every day involves taking important decisions, whether it is about your business or your personal life. At such times, you also have to make critical decisions about arranging finance for your business. Money might be required to expand your business, conduct research and development activities, purchase new machinery, open new branches, etc. Only a business loan can help you tide over such events. Business Loans are long-term arrangements where the borrower receives a lump sum amount upfront, against submission of certain documents. 
This lump sum amount is then to be repaid in EMIs also called as equated monthly installments. You should always do some ground research before taking a business loan.

Charges

Amount

PDC Charges

INR 850

Bouncing Charges (per event)

INR 450

Cancellation Charges

2% of loan amount or INR 5750 whichever higher

Duplicate NOC

INR 550

Swapping Charges (for payment mandate)

INR 600

Foreclosure Charges

4.5% of the principal outstanding at the time of foreclosure along with applicable taxes, if any

Foreclosure Charges for Top Ups

2% on future principal outstanding on existing loan +Service Tax ("ST')

Duplicate Repayment Schedule

INR 550

Legal action under Section 138 of Negotiable Instruments Act, 1881, and/or Section 25 of Payments and Settlements Systems Act, 2007

INR 3,400

Initiation of Arbitration proceedings

INR 4,000

Obtaining of Receiver Order from a District Court

INR 4,000

Obtaining of Receiver Order from the High Court

INR 13,500

Issue of Legal Notice (per notice)

INR 125 to INR 300

Execution of Award

INR 5,600

Frequently Asked Questions

How is my loan eligibility calculated?

Business Loan eligibility depends on the following factors: Credit score of the loan applicant/co-applicant The last two years financials of the borrowing entity Information about the Debt Service Coverage Ratio: This information tells the lender whether the borrower will be able to service the EMI for the current loan.

Is pre-closure allowed in business loans?

Some banks have a lock-in-period of six months to one year for the business loan. While some others allow you to pre-close the loan even after the first EMI has been paid. Some banks may have a rule that a borrower can use his own funds to pre-close the loan and not use the balance transfer facility of another bank. Additionally, some banks allow pre-closure at no cost while some others charge an upfront fee of 2-5% of the pre-closed amount. Clarifications on this are to be sought from our business loan advisor during the processing of your application.

Is part payment allowed in a business loan?

Some banks may allow part payment while some others may have restrictions on how many times in a year you can part pay and also the minimum and maximum amounts you can part pay. Again, a clarification is to be sought from our loan advisor during the time of loan processing.

What is the minimum and maximum loan limit offered for a business loan?

In normal situations, the minimum loan amount offered is INR 100,000. This may go up to a maximum of INR 40,00,000. Higher loan amounts may be considered after an in-depth discussion between the borrower and the bank willing to lend.

How long does it take to disburse the business loan?

Finance Buddha will work with the concerned bank and get you the loan within 5-7 working days of your submitting the completed documents.

What are the documents required while applying for a business loan?

Borrower’s PAN card, address proof, last two years financial statements including profit and loss account and balance sheet, last six months bank statements, VAT/Service tax returns, partnership deed/MOA, existing loans repayment track record, partner/director’s PAN card, KYC, own house proof, ITRs, etc. Additional documents may be required on a case to case basis.

What happens if there is an ECS bounce or I miss an EMI payment?

The bank will levy certain ECS bounce charges or penalties. Additionally, that will also get reported in your credit report. Depending upon the severity and the regularity of the miss, it may have a serious impact on your future credit possibilities like in obtaining a home loan, car loan, etc. Additionally, banks may also take legal action against the borrower.

What is the rate of interest and processing fee on business loans?

The rate of interest varies from 16% to 23%. The processing fee of up to 2.5% of the loan amount is levied. Additionally, some banks may also insist on insurance cover.

What is a business loan?

A business loan is a loan given by banks or NBFCs for a period of one to three years. This loan is given without any collateral, hypothecation of assets or guarantor. Proprietorship companies, partnership businesses or private limited and public limited companies are eligible for this kind of loans. This capital may be used for working capital, meeting short-term cash-flow requirements, purchasing plant and machinery, etc.

Reviews   4.72 stars, based on 60 reviews

This surprises me to my core that I got the loan for my business with the help of Finance Buddha which was a new experience. My business got success because of the loan drafted by Tata Capital and I was able to en-cash the amount quickly with the quick processing and the disbursal of the loan service provided to me.

 5/5

Finance Buddha handled my need with dexterity. My personal favourite was the lowest interest I got on the loan. The one thing that needed improvement was the disbursal time period as it took too long in my case. Except that, everything is great and truly they provide best business loans!

 5/5

I just would like to point out the loan disbursal time was longer than expected. Except this, the loan provided to me for my business by Finance Buddha with Tata Capital broke the standard of my expectations on other aspects. They truly are mind capturing when they work.

 5/5

I was in need of a loan for my business and no bank was providing me with the loan due to the risk factor. Still, a friend of mine advised me for the funding of my business and I was able to pull it through with his help. He told me about Finance Buddha, which helped me gain a loan with Tata Capital that provided me with 65% of the loan amount at not a very good interest rate but they were able to help me through.

 3/5

The loan for my business was risky but then also they managed to pull out a loan for me. The Finance Buddha guys are good at that. I got a loan for my business with the NBFC Tata Capital that provided me with the loan with the high-interest rates and processing fees against collateral and also the disbursement time was very much making the wait for the amount too long. Rest of the aspects of Finance Buddha were up to the mark without any hassle. I would recommend it to people those who have a clean credit record.

 3/5

Finance Buddha team helped me definitely in the worse of my times. They got the best documentation process from the interest rates to the disbursal of the loan but there is always a scope of improvement. I rated 4/5 because of this reason. Otherwise, great work guys!!

 4/5

Finance Buddha, the people who sweat their blood for your loan. They definitely helped me in the funding of my business by providing me a loan with Tata Capital which gave me benefits on the loan just the amount of the loan sanctioned was 75%. Otherwise, the work is awesome.

 4/5

Finance Buddha broke the record of my expectations in providing me with the interest rate for my business loan with Tata Capital. The one thing that made this review 4/5 was the processing time longer than expected. Otherwise, the support of the team is truly amazing and really peculiar.

 4/5

You will find that it is not a loan but actually a gift was given to you at your doorstep. They make the experience truly engaging. I got the loan for my business with their help which was provided by Tata Capital without any hassle of the processing of the loan as well as the disbursal of the amount.

 5/5

I always look for the place where my benefit comes first. If they had failed to provide me with such service I wouldn’t be writing this review. I got a business loan with the help of Finance Buddha who understood my need and I gain a loan with Tata Capital at the lowest interest rates and processing fee.

 5/5

They don’t let the loan become an expense for you but an experience. I got the loan with their help with Tata Capital who provided me with the loan at the lowest rate of interest. The other thing that arrested me was their attitude with documentation process as it is carried out by them. I’m obliged to receive that.

 5/5

A good businessman cracks the offer where he has got the profit. Similarly, these guys crack the deal where you have the profit. I got a loan with their help with Tata Capital who was flexible enough to provide me with the loan for my business at the lowest interest rates. I am truly impressed by the dedication towards job

 5/5

A good businessman walks towards a good deal, not a bad one. I got one with the help of Finance Buddha who helped me gain a deal with Tata Capital that provided me with the hassle-free documentation process and the quick processing and disbursal of the loan amount. I’m truly impressed by the efforts that they showed.

 5/5

If you are getting a loan from somewhere else, you’re fool. You’re losing your money on high-interest rates and other things. I got the loan with the help of Finance Buddha who helped me gain the loan for my business at the best interest rates as well as hassle free process of the documentation for the same.

 5/5

Finance Buddha is the team of people that won’t rest until the loan amount is disbursed in your bank account. They provide you with the unparalleled hospitality that will capture your minds. I got a loan for my business with their help with Tata Capital, as they provided me with constant support and interesting interest rates for the same.

 5/5

The hospitality they showed towards me impressed the most. The moment your loan application gets approved they ask you to upload your documents. They on your behalf carry the whole documentation process without any hassle and make you comfortable. I got the loan with Tata Capital easily because of them. Truly the best team of people!

 5/5

The lack of support is never shown by Finance Buddha team to you. You always find the enthusiasm in them to crack the deal. I got the loan with their help for my business with one of the best NBFC’s Tata Capital who gained my trust by showing the interest in my application and providing me a business loan with lowest interest rate.

 5/5

The lowest interest rate and the processing fee impressed me the most. Finance Buddha helped me with the loan for my business which was provided me at the lowest interest rates and the processing fee by the well-known NBFC Tata Capital who adjusted the loan according to my need. They truly are the best people for loan queries.

 5/5

The support of the team is so constant that I would be able to complete the task without their assistance and guidance. They guided me in which bank or NBFC I need to go with for my business loan. I got the loan with Tata capital that also provided me certain incentives like the easy EMI for the payment.

 5/5

This was the quickest processing and disbursal of the loan I have ever taken! I got the loan with Tata Capital for my business with the help of Finance Buddha who was kind enough to process my application quickly with the bank and provides me with the loan at the disbursal time also not very slow.

 5/5

Finance Buddha the team of executives who helped me gain the loan with Tata Capital who was able to understand the nature of my need and provide me with a with a loan dynamic in nature with easy payment options of EMI as well as the quick processing of the loan and the disbursal of the money in my account.

 5/5

Finance Buddha just turned the tables around for my business by assisting me Tata Capital business loan which was kind enough to provide me with a loan that was at lowest interest rates and processing fees along with the hassle-free distribution of the loan and the processing too. The best financial team ever!

 5/5

Finance Buddha the solution that removed all my business issues. I got the loan for my business with the help of Finance Buddha who guided me to get the loan sanctioned with Tata Capital. The loan amount was quickly processed and disbursed to me because of the quick processing and disbursal feature of Tata capital.

 5/5

To get such low rate of interest on the business loan in such times when the price is high is a paradox in itself! I got the loan for my business with the help of Finance Buddha who compared various loans for me and I got the loan sanctioned with Tata Capital all because of the support of Finance Buddha team.

 5/5

They are like a light in the sea of darkness! Finance Buddha helped me to gain a business loan with Tata Capital for my business which was carried out in a hassle free manner as the whole documentation process was carried out by them on my behalf.

 5/5

The group of people who truly create magic in such a tense world by their spirit of working towards their clients! The people who helped me in gaining a business loan for my MSME with Tata Capital which helped me a lot in operations, the loan was handled to me in a quick manner due to quick disbursal.

 5/5

Finance Buddha the people who added life to my business plan by providing me with the loan with Tata Capital with their flexible options. The loan was very well executed as the whole documentation process was handled by them on my behalf. The whole documentation process was hassle free and the support of the team was constant in the whole journey.

 5/5

Finance Buddha team the one stop need for your business funding. I got a business loan with their help which was sanctioned by Tata Capital and was provided without any hassle in the documentation process as the team carried the documentation process on my behalf along with the lowest interest rates and processing fees for the loan.

 5/5

I thank the whole Finance Buddha team for providing me with the loan for my business. Finance Buddha helped me for my business by providing me with a loan with Tata Capital that offered me lowest interest rates and processing fees for my loan. It was amazing to experience!

 5/5

You would be surprised to see the coordination with which they execute the loan for you. I got the loan with help of Finance Buddha which was sanctioned by Tata Capital for my business. I thank the Finance Buddha executives for their constant support during the whole process.

 5/5