Business Loan

Tata Capital offers a wide range of business loans to self-employed professionals and non-professionals, including-

• KYC documents, including a photo ID and address proof

• Business proof, including business registration certificate, GST registration certificate, trade licence, or a certified copy of the partnership deed agreement or sole proprietorship declaration

• Income proof, such as the last two years' income tax returns (ITRs) and computation of income, the last two years audited finances with the tax audit report, the last two years profit-loss statements, or balance sheet (duly audited by a chartered accountant)

• Current account bank statements and GST returns for the last six months

With us, you can also avail of quick loans for your online business. Whether you run an e-commerce website or an online retail store, apply for a loan to fulfil your working capital requirements. You must fulfil the following eligibility criteria to ensure quick approval for your online business loan:

• Your CIBIL score should be above 700

• Your business turnover is showing an upward trend

Your business loan EMI will depend on several factors, including your loan amount, tenure, and interest rates. To get an idea of the EMI amount you need to pay, use our online business loan EMI calculator.

At Tata Capital, the interest rate on your business loan is fixed. This means the interest rate and the EMI amount do not change during the course of the loan.

Tata Capital offers two types of Flexi EMI plans for business loan repayment-

• Step Up Flexi EMI Plan: This repayment plan lets you pay lower EMIs at the beginning of the tenure and gradually increase the EMI as your income grows. This plan helps you manage your loan repayment as per the income flow.

• Step Down Flexi EMI Plan: This repayment plan allows you to pay higher EMIs initially and then decrease them gradually. This plan helps you reduce your interest outcome.

At Tata Capital, the qualifying criteria for business loan approval are quite simple. Here are the requirements you need to fulfil-

• Turnover of Rs. 50,000+ p.a.

• Minimum two years of business stability

• Business should be profitable

• A minimum banking balance of Rs. 10,000

• Say 'Hi' on Tata Capital's WhatsApp number, 7506756060, from your registered mobile number.

• Login to Tata Capital's Mobile App. Download the Tata Capital mobile app

• Log into the Tata Capital website

• Call our Customer Care Number 1860 267 6060

• Email Us at contactus@tatacapital.com for a new loan requirement

• Visit Tata Capital's service branches. Find your nearest branch

• Send us an SMS from your registered mobile number to 97059 66060. 

• Interact with TIA to learn more about Tata Capital's products and services. TIA is also available on Google Assistant & Alexa.

Here's how you can do it-

For Retail Loans:

Click here to know if your bank is a participant in digital E-NACH

If your bank is a participant in digital E-Nach registration, then follow these steps-

• Raise the request by logging into Tata Capital's website. Login here.

• You can also send us a request via email at customercare@tatacapital.com with a scanned image of your cancelled cheque (with your name on it) of your new bank account or the account statement with the bank's details with IFSC (Indian Financial System Code).

• After receiving the request with the document, we will send you an SMS with an E-NACH registration link to your registered mobile number. 

• You are requested to complete the E-NACH registration. Once you've successfully registered, the new bank account details will be updated in our records.

If your bank is NOT a participant in digital E-Nach registration, here's what you need to do-

Since your bank is not a part of digital e-NACH registration, you need to provide some physical documents. You can contact us to place a request for your Bank NACH change. Our service executive will contact you on your registered mobile number to fix an appointment at your convenience and collect the below documents.

1. Photocopy of a cancelled personalised cheque from the new bank account

2. Your consent and signature on the new NACH mandate form (the executive will carry this form along with him)

Please note that it takes about 30 days for the NACH to be registered with the bank.

Note: EMI will be presented to the existing bank till the time your new bank account gets updated in our records.

Once your loan is closed, the NOC will be dispatched to your address within five working days. However, if you want to receive the NOC at a different address or at the nearest Tata Capital branch, you can contact us.

Once you log in to your account, you will be redirected to a page where you can select the Loan Account Number to download your Business Loan's statement and welcome letter.