Tata Capital Business Loan Can Be your Suitable Financial Partner

The need for finance is a never-ending process in a business. And this is among the major reasons for the tremendous growth in the demand for business loans. So, leave out all your financial crisis and worries on a business loan. In this article, we will be focusing on the Tata Capital business loan

Features of Tata Capital Business Loan

  • This business loan can be used to meet all business financial needs.
  • It comes with easy, simple, and hassle-free loan processing.
  • If one fits into the eligibility criteria then loan approval can be possible in a short period.
  • The Tata Capital business loan online processing can save you from making multiple bank visits.
  • A lucrative rate of interest starts from 19%  with a Tata Capital business loan.
  • A high loan amount can be availed based on an applicant’s profile.
  • The Tata Capital’s loan team is of experienced professionals and due to their efficiency, the business loan process takes less time.
  • Online loan processing does not require any type of paperwork for the loan sanctioning. 
  • Tata Capital business loan comes with a flexible loan repayment tenure which facilitates the applicants to choose the best term as per their convenience.

Eligibility Criteria for Tata Capital Business Loan 

Here are the generic eligibility criteria for the Tata Capital business loan. 

  • An applicant’s age should be between 25 years to 65 years
  • The business should be profitable for at least the last 3 financial years
  •  The business turnover should reflect an upward trend
  • The business balance sheet must be audited by a registered CA (Chartered Accountant)

Required Documents of Bank of Baroda Business Loan

The list of required documents for Tata Capital business loan varies based on various factors. Here is the generic list of documents for a business loan:

  • Duly filled application form
  • Last 6 months company bank statements
  • Last 2 years Income Tax Returns
  • Last 2 years Balance sheet and Profit & Loss accounts
  • Company’s KYC documents like PAN Card, Registration of Incorporation, Partnership deed, Memorandum & Articles of Association
  •  The business owner’s KYC documents like Aadhar Card, PAN Card, etc.
  • A report detailing how the Business Loan will be used

Factors affecting Tata Capital Business Loan Interest Rate 

Tata Capital business loan interest rate 2020 starts at 19%. However, the offered interest rate is determined by various factors like loan amount, income, other obligations. Some of the main factors that influence the business loan interest rate 2020 are mentioned below:

  • Profit – The profit of a business plays a major role in the offered interest rate. It defines the capacity of a borrower to repay the loan amount. Generally, the higher the profit of the borrower’s business the higher chances to get business loans at a lower rate of interest.
  • Relationship with the Lender – If a borrower has managed his/her accounts and has a good track record of the payments he/she can get the benefit of a low-interest rate on the business loan.
  • Loan repayment capacity – The lender always checks the repayment capacity of the borrower through CIBIL. 
  • Loan Amount – The availed business loan amount plays a significant role in the monthly EMI.
  • Loan Repayment Tenure – It is a period provided by the lender to the borrower concerning repayment of the loan amount. Generally, the long repayment term attracts a low rate of interest. 

Why apply for Tata Capital Business Loan?

Tata Capital offers a wide range of business loans to match the diversified customer requirements. Some of the main reasons why Tata Capital business loan is considered one of the best loans in the financial market are mentioned below:

  • Collateral-free Loan: Tata Capital provides an unsecured business loan to the borrowers.
  • Flexible Loan Tenure: A business loan from the Tata Capital provides a borrower with a flexible tenure to repay the loan amount. 
  • Pocket-Friendly Interest Rate:  Tata Capital business loan interest rate starts at 19%.

Factors affecting Tata Capital Business Loan EMI

Besides interest-rate, there are other factors that also play an important role in a business loan and EMI is one of them. This makes it essential to know about the factors that determine the business loan EMI:

  • Interest Rate – The charged rate on the principal amount borrowed is termed as the rate of interest. A higher interest rate attracts a high amount of monthly EMI which automatically increases the total cost of the business loan.
  • Loan Amount – The availed business loan amount plays a significant role in the monthly EMI.
  • Loan Repayment Tenure – The total time in which a borrower can repay the business loan to the lender. Generally, longer loan tenure leads to a low amount of EMI on loan. 

Fees and Charges of Tata Capital Business Loan

Processing Fee


Up to 2.75% + GST
Penal interest/Additional Interest
3% on Overdue Amount per month + GST


Bounce Charges Rs. 2000 for every Cheque/ Payment Instrument Dishonour + GST


Mandate Rejection Service Charge Rs. 450 + GST

(This charge would be applied every month until there is an Active Mandate linked to the account.)

Foreclosure Charges for Top Up


2.25% on the  principal outstanding on existing loan + GST (Foreclosure charges shall be levied only if new rate is lower than existing rate.)
Loan Cancellation Charges


2% of loan amount or Rs. 5750 whichever is higher + GST


Instrument Swap Charges


Rs. 550 + GST


Duplicate Repayment Schedule


Soft copy – Nil

Branch walk-in – Rs. 550 + GST


Duplicate NOC


Rs. 550 + GST


Foreclosure Letter Charge


  • Soft copy – Nil
  • Branch walk in – Rs. 199 + GST



Post Dated Cheque Charges


Rs. 850 + GST


Lastly, the most important thing whenever you apply for a business is to do thoroughly read and understand the lender’s discretion.

Read More: An Ultimate Guide To ICICI Bank Personal Loan Eligibility