When you are applying for a Tata Capital Business Loan you need to take the following steps. They are given below:  

1. Visit your nearest branch of Tata Capital to fill and submit application form of business loan
2. Complete your KYC and financial documentation
3. The business loan processing will be initiated by Tata Capital which includes legal and technical verification 
4. A sanction letter will be issued by the NBFC, which will include a few important details such as sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, validity of sanction letter, special conditions (if any), and other terms and conditions 
5. A request will then be raised for business loan disbursement, after which Tata Capital will issue a cheque 

There are few documents that you will need to submit while applying for a Tata Business Loan. They are given in the table below:

There are a few reasons ‘Why’ you need to select Tata Capital Business Loan. They are as follows: 

1. Provision of flexible loan tenure 
2. Minimum documents submission facility availability 
3. Overdraft facility or term loan offered 
4. Business loan customized as per requirement 

Tata Capital Business Loan form online and submitting the necessary documents, it usually will take this popular NBFC about 5-7 working days to sanction your business loan.

700 or above is the minimum CIBIL score that is needed to secure a Tata Capital Business Loan.

A minimum loan amount of 50 lakh and maximum 75 lakh is sanctioned by Tata Capital.

Generally speaking, it is not mandatory to have a co-applicant while applying for a Tata Capital Business Loan. However, having one assures your lender that you are truly ‘Creditworthy’. Thereby, improving your chances of securing a business loan significantly.

In case of Business Loan which is an unsecured loan, the interest rates remains fixed during the entire tenure of the loan period.

If you possess ITR documents for three financial years, it helps increase your chances of obtaining a Tata Capital Finance Business Loan. Moreover, it is possible for you to get a business loan despite not having three-year ITR returns.
Although, it is only possible if you are seeking a small loan and you have a good CIBIL score to prove to your lender that you are ‘Creditworthy’. Also, it depends on the policies followed by the lender.

After applying for a Tata Capital Business loan and submitting all the necessary documents, and getting a sanction letter, it should take Tata Capital about 2-3 working days to disburse the business loan.

There are a few details about the Tata Capital Business Loan that you need to know given below:  They are:

1. Types of Tata Capital Business Loan:

    There are four types of Tata Capital Business Loan available. They are given below: 

   1. Tata Capital Business Loan for Women:

      Tata Capital has specifically created this business loan type to encourage women to get into business by providing them the working capital they need.  

   2. Tata Capital Business Loan Working Capital:

      To help every business the working capital that they need Tata Capital provides this business loan scheme. 

   3. Tata Capital Business Machinery Loan:

      If you are in the manufacturing business then, Tata Capital brings to you this scheme, which helps you get finance for the latest machinery or equipment that you need. 

   4. Tata Capital MSME/SME Loan:

      Tata Capital also helps provide funds to finance a small or medium-sized business that will require it for its growth.