TATA Capital Business Loan Interest rates in Guntur
| Up To 10,00,000 | 10,00,000 Above | |
|---|---|---|
| Hospitals | 17.50% | 17.00% |
| Manufacturer | 18.00% | 17.50% |
| Service Provider | 18.50% | 18.00% |
| Trader/Distributor | 18.50% | 18.00% |
Features of TATA Capital Business Loan Guntur
| Type | Features |
|---|---|
| Processing Fee | Upto 2.0% |
| Pre Closure Charges | 4.5% on Outstanding |
| Part Payment Charges | Nil |
| Min Tenure | 1 Years |
| Max Tenure | 3 Years |
| Min Age | 24 Years |
| Max Age | 60 Years |
| Min Loan Amount | Rs.5,00,000/- |
| Max Loan Amount | Rs.30,00,000/- |
TATA Capital Business Loan Guntur Charges
| Type | Charges |
|---|
Documentation For Business Loan
For Proprietorship Firm
- Filled Application form
- Identity Proof (PAN CARD)
- Address Proof
- Last 2 years of Income Tax Documents
- VAT/CST/ST Registration copies (if any)
- 1 Passport Size colour Photographs
- 6 months Bank Statements
- Latest year business performance related documents.
- Other loansanction letters and their Track (If existed)
For Partnership Firm
- Filled Application Form
- Partnership deed
- Firm PAN Card & Address Proof
- All Partners Identity Proof
- All Partners Address Proof
- Last 2 years of Income Tax Documents
- Last 6 months of Bank Statements
- VAT/CST/ST Registration copies (if any)
- 1 Passport Size colour Photograph for applicant
- 6 months Bank Statements
- Latest year business performance related documents
Private Limited And Limited Companies
- Filled Application Form
- MOA/AOA and Incorporation certificate
- Commencement of operation (if it is a Public Ltd Company)
- Company PAN Card & Address Proof
- All Directors Identity Proof
- Last 2 years of Income Tax Documents
- Last 6 months of Bank Statements
- VAT/CST/ST Registration copies (if any)
- 1 Passport Size colour Photograph for applicant
- 6 months Bank Statements
- Latest year business performance related documents
- Other loansanction letters and their Track (If existed)
Identity Proof Of Partners/Directors
- Passport
- Driving License
- PAN card
- Photo credit card (with embossed Signature and last two months statement)
- Banker's sign verification
Age Proof Of Partners/Directors
- PAN Card
- Passport
- License
- School leaving certificate
- Voter card
- Birth Certificate
- LIC policy (only for age Proof)
Address Proof For Personal Loan
- Latest salary slip
- Current dated salary Certificate with latest form 16.
- Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
Income Proof Of Partners/Directors
- Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
Banking History For Business Loan
- Bank statements of latest 2 months
- 3 months bank passbook
TATA Capital Business Loan FAQ's
What is the loan amount that I can avail?
An unsecured business loan from Rs.3lakhs up to Rs.50lakhs may be availed.
What is the tenure available with these loans?
The loan tenure can range from 12 months to 36 months.
Is the interest rate, fixed or floating?
The interest rate is fixed.
What is the mode of repayment?
You can repay through Post Dated Cheques, Electronic Clearance Service (ECS) or Direct Debit.
What do I need to do to avail a business loan?
To avail the loan, simply call 040 6555 5578. You can also e-mail us at care@apnaloanbazaar.com or visit any of our branches.
What is the eligibility criteria for a business loan?
"Tata Capital offer business loans to both professionals and non-professionals, who are self-employed. Among self-employed professionals, Tata Capital also offer exclusive loans for doctors with special features such as competitive interest rates and quick approval. The customer segment covered under Business Loans is listed below: • Sole Proprietorship • Partnership Firm • Private Limited Companies • Closely held Public Limited Companies • Societies • Trusts • Hospitals, Nursing Homes, Diagnostic Centers, Pathological Labs "
About TATA Capital
Tata Capital Bank is India's largest international bank with 99 branches in 42 cities, and this bank is been operating in India since 1858 In 1858, it opened its first branches in Calcutta, Bombay and Shanghai. Tata Capital Bank is offering Credit Cards, Accounts & Deposits, Personal Loans, Against Securities, Against Term Deposits, Home Loan, Balance Transfer, Loan against Property.
Tata Capital bank is Home Saver is a unique home loan that enables you to pay your home loan in half the time, at half the cost. A linked Transaction Account will be associated with your Home Loan. The surplus money in your Linked Transaction Account will be used to offset the principal of your home loan, which will result in faster closure of your loan. Effectively, interest will be paid only on the difference between the outstanding loan amount and your surplus funds."
TATA Capital Highlights
About Other Banks
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DHFL
Citi Bank
Dcb Bank
IDBI Bank
IndusInd Bank
Kotak Mahindra Bank
RBL Bank
State Bank of India
Standard Chartered Bank
Avanse
LIC Housing Finance
Fullerton
Credila
HDFC Limited
Aditya Birla Housing Finance
Capital First
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Indiabulls Housing Finance
Religare Finvest
Yes Bank
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Bank of Baroda
Why Business Loans?
Owning a business is an exciting journey. When starting off there are many odds and ends to be met, once the business is set things will begin to takeoff. However nothing is possible in the business world without the right financing. Many business owners will review the financing options available to them, Business Loans are the best suitable for kind of your requirements.
As a business owner, your most difficult task is finding the money to operate your business. Taking the necessary steps to prepare for a small business loan can minimize the difficulty.
Learn what you need to know to clinch the loan deal.
You can get a loan for your business by proper preparation. The main requirements of attaining a business loan are your credit history, business plan, experience, education, and feasibility of the business you are expanding.
The most important task to obtain a business loan is to improve the business. Your business plan must answer the questions, a lending institution would ask for following.
The factors which will affect your business loan eligibility and rate of interest:
Interest rates
Rate of Interest will be based on bank/financial Institutions internal policies and terms. Generally Bank account conduct, reputation of the entity, repayment capability, credit history, Promoters Back ground and other credit related factors which can be evolve for Business Loans.
Tenor: from min of 12 months to Max of 48 months.
Interest Rate: from min 16(percent) to 22 (percent) .
Age: Min of 24 years to max of 55 years.
Repayment: Monthly EMI to be paid till the loan closure.
Repayment mode: By way of PDC, ECS or Standing Instructions.
Pre-Closure Charges: Will be applicable as per bank norms.
Expert Advice
Best Practices for Business Loan
Things not to do for Business Loan
Important points to be remember for Business Loans
Business Loans Vs Working Capital Facilities
| Business Loans | Working Capital Facilities |
|---|---|
| Generally Business Loan are small tenor unsecured loans offered by the bank based on the requirement, conduct and credit history of the entity. | Working Capital loans are related to business day to day operations, there is no limitation for the working capital facilities as per the entities financial performance and collateral capacity. |
| Business Loans are by nature it is a loan and need to repay the regular instalment till the loan will be cleared. | Working capital Facility is a facility you can avail the regular day to day transactions for your business purpose, generally WCF will be sanctioned for 12 months tenor. |
| Business Loans can be used for any related works, and there is no restriction for usage of funds. | WCF will be used only for business and business related purpose, there is a restriction on usage for facilities. |
| Business Loans will be only provide the fund based limits. | Working capital facilities can be sanctioned for fund based or non fund based requirement. |
| Only one type of facility can be availed from the Business Loans from the bank | Various types of facilities can be offered by the bank under WCF facilities. |
| Business Loans can be availed by small business owners. | WCF facilities can be availed by small business owner to big corporate. |
| Maximum tenor of loan is 48 months offered by the banks. | Maximum tenor will be 12 months based on the facility requirement. |
| Business Loans are costly than the WCF loans. Generally interest rates will be very from 18% to 21%. | WCF are relatively cheaper than the Business Loans. Generally interest rates will be vary 13% to 15% as per bank internal policy. |
| Minimum of 3 years vintage will be required for the business loans. | Min of 1 year vintage for calculation of eligibility will require for WCF. |
| Generally Business Loans will be used for unexpected requirement in business.. | WCF will be used for regular activities of business. |
| Loan disbursement will be max 7-15 days from the date of application. | Min of 15 days to max of 90 days will require for process the WCF request from the date of application. |
| Banks/Financial Institutions will prefer to provide the business loans to WCF customers. | Banks will prefer to take more collateral to fund the WCF. |
| Interest will be on total loan outstanding and will be calculated on monthly basis. | Interest will be calculated on daily basis outstanding and will be debited in account on monthly basis. |
About Guntur
Guntur is the India State of Andhra Pradesh and it is fourth largest city of the state. It is one of the learning centres of the state, it holds historical significance, it is a textile and transportation hub of the country and it also holds agricultural importance because of the production of cotton and tobacco.
The history of Guntur dates back to the 10th century CE. It finds mention in an inscription of the Chalukyan King, Ammaraja.
The city is believed to have been ruled by the Chalukyas for a majority of the time, although there is evidence to suggest that the Nagals also ruled this city over a period of time.Guntur also has an ancient temple by the name of Agasthyaeswara Sivalayam, which is dedicated to Lord Shiva. The temple dates back to the 12th century, has some ancient inscriptions and is believed to have been built by Agastya.
Places To Be Visited In Guntur
Krishna Barrage
Krishna Barrage or Prakasam Barrage lies 18 miles from the city of Guntur. It is constructed over Krishna River all the way connecting Guntur with Krishna District.
Kotappakonda Trikutaparvattam
Originally known as Kondakavuru, this place is famously known as Kotappakonda or Trikutaparvattam meaning three peaked hill which actually lies nearby.ocated nearly 25 miles from the city of Guntur, it offers a panoramic view of majestic hills from any direction. The popular three peaks derive their name from Hindu mythology namely Vishnu, Brahma and Maheswara.
Viswa Nagar
Situated in the south-west part of the city, Viswa Nagar can be easily approached via a National Highway 5 i.e. GNT-Chennai Expressway. The place is renowned for Universal Integration Pillar and Viswayogi Viswamji.Located in the proximity is also Viswayogi Institute of Medical Sciences or VIMS.
Amaravathi
A place situated about 16 miles from Guntur is packed with a famous holy shrine and site of great historic importance. The place itself is named after a renowned temple lying in the area namely Amareswara Swamy which inhabits Swayambhu Linga. Also situated in the vicinity is an ancient Mahachaitya Stupa belonging to 2nd century AD. The most striking feature of the structure is cravings displaying life and teachings of Lord Buddha.
Mangalagiri
Mangalagiri means The Auspicious Hill. This place is one of the 8 important Mahakshetrams (sacred places) in India. The eight places where Lord Vishnu manifested himself. Thotadri is the present Mangalagiri. Lakshmi Devi has done tapas on this hill. That's why it got this name (The auspicious hill). There are three Narasimha Swamy temples in Mangalagiri. One is Panakala Narasimha Swamy on the hill. Another one is Lakshmi Narasimha Swamy at the foot of the temple. Third one is Gandala Narasimha Swamy at the top of the hill.
Kondaveedu
It is Situated on the top of the hill, the fort is source of pure admiration especially for the natural beauty surrounding it. The place also offers an ideal trail for trekking. A group of several temple located at the base of the hillock provides a captivating sight. Kathulabave and Gopunatha Temple are two of the many temples in the area.