Business Loan Online

A Business Loan is a loan specifically intended for business purposes, such as increasing working capital, expanding the business for buying new machinery.

Apply for unsecured Business Loan,

- Fully Digital process

- Instant Disbursal

- Online verification with minimum documentation with our trusted partners

Now, fulfill all your personal needs instantly with loans offered through Moneyfy.

Our Business Loan Partners

You can take a Business Loan from any of our partners below

Flexiloans

- Business loans made quick and easy
- No collaterals required

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Benefits for Moneyfy Customers

Multiple Product Offerings

We offer the flexibility to create Business Loans with terms that meet your specific needs. Our business loan offerings are flexible and can be custom-built as per your business requirement.

No Security

There is no obligation whatsoever, our business loans are fully unsecured.

Structured EMI option

We give you the option and convenience to customize your monthly loan repayment instalment that is best suited for your company's cash flow.

High Eligibility

Our high eligibility means that we say ‘Yes’ when others may say ‘No’. We work together to help design a loan for business that best fits your budget.

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Eligibility Criteria for Business Loan

The eligibility criteria to apply for a business loan with Tata Capital are as follows-

The applicant must be 21 years at the time of loan application and not more than 65 years at the time of the last EMI.
The business must show a minimum 2 years of stability
The credit score must be at least 650 or higher
The applicant must have a bank balance of at least Rs. 5000
The business must be profitable

Fees & Charges for Business Loan

Here are the various types of fees applicable to a business loan-

Fees type	Rate
Processing Fee	2.50% + GST
Payment default charges	3% per month on overdue amount + taxes
Document processing charges	Rs. 1,999 + GST
Foreclosure charges	4.5% on future principal outstanding + applicable taxes
Loan cancellation charges	2% of the loan amount or Rs. 5750, whichever is higher + GST
Stamp duty	As applicable

Documents Required for Business Loan

You must submit the following list of documents when applying for a business loan-

KYC Documents, including PAN card, Aadhaar card, Voter ID card, Passport, or Driving License
Documents showing proof of business, such as a business registration certificate, trade license, GST registration certificate, or a copy of the Partnership Deed Agreement or Sole Proprietorship Declaration
Income proof including last two years’ of ITR, audited financials with tax report, profit and loss statement, or balance sheet
Current account bank statement and GST statements for the last six months

How to Apply for a Business Loan Online?

With Tata Capital Moneyfy, applying for a business loan is a quick and simple process online, as follows-

1. Visit the Tata Capital website and complete the business loan application.

2. Upload the required documents.

3. Wait for the verification of your business loan application and submitted documents.

4. Once the documents are verified, your business loan application will be approved.

5. The loan will be disbursed within a few days into your bank account.

Frequently Asked Questions (FAQs)

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What is a business loan?

A business loan is a financial product designed to fund various business needs such as expansion, equipment purchase, working capital, and other operational expenses. It can be availed by enterprises of various sizes to support their growth and operational efficiency. These loans can be secured or unsecured, depending on the lender’s policies and the borrower’s creditworthiness.

What are the criteria to apply for a business loan?

To apply for a business loan, the business owner must be between the ages of 21 and 65, have a good credit history with a credit score of 650 and above, and have income levels as specified by the lender. Additionally, the business must be profitable and have stability for at least two years. Please check the relevant product page for more information.

Do I need a good credit score to avail a business loan?

A good credit score is often essential to avail of a business loan. It represents your creditworthiness and repayment capacity, increasing the chances of loan approval. A high credit score can also help you secure better interest rates and favourable loan terms.

Do I need to provide security to get a business loan?

Business loans can be both secured and unsecured. Secured loans require collateral, such as property or equipment, which may also help you fetch lower interest rates. Unsecured loans do not require collateral but may have higher interest rates and stricter eligibility criteria. Please check the relevant product page for more information.

How is the business loan interest rate calculated?

The interest rate for a business loan is determined based on several factors, including the applicant’s credit score, business performance, loan amount, tenure, and whether the loan is secured or unsecured. Typically, having a high credit score and providing collateral may help you attract more favourable interest rates. Please check the relevant product page for more information.

How is the business loan processing fee calculated?

The processing fee for a business loan is usually a percentage of the loan amount, typically ranging from 1% to 3%. This fee covers the administrative costs incurred by the lender in processing the loan application. It is usually non-refundable and deducted from the disbursed loan amount. Please check the relevant product page for more information.

Mutual funds and SIP

Business Loan Online