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TATA Capital Business Loan in Kanpur

Interest Rate starts from 17.00%

TATA Capital Business Loan Interest rates in Kanpur

Please Find the Detailed TATA Capital Business Loan Interest Rates

Up To 10,00,00010,00,000 Above
Hospitals17.50%17.00%
Manufacturer18.00%17.50%
Service Provider18.50%18.00%
Trader/Distributor18.50%18.00%

Features of TATA Capital Business Loan Kanpur

Type Features
Processing FeeUpto 2.0%
Pre Closure Charges4.5% on Outstanding
Part Payment ChargesNil
Min Tenure1 Years
Max Tenure3 Years
Min Age24 Years
Max Age60 Years
Min Loan AmountRs.5,00,000/-
Max Loan AmountRs.30,00,000/-

TATA Capital Business Loan Kanpur Charges

Type Charges

Documentation For Business Loan

  • 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)
  • 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
  • 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)
  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification
  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)
  • Latest salary slip
  • Current dated salary Certificate with latest form 16.
  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
  • 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 PLC is a British multinational banking and financial services company headquartered in London. It operates a network of more than 1,700 branches and outlets (including subsidiaries, associates and joint ventures) across more than 70 countries and employs around 87,000 people. It is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. Despite its UK base, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa and the Middle East.

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

Best Foreign Bank 2012 - Bloomberg Financial Leadership Awards
Financial Advisor of the Year Award 2012 - UTI CNBC
Best Private Bank in India by the Asian Private Banker at the Awards for Distinction 2012.
Asia Cup - official partner of the bi-annual cricket tournament
The Economic Times Awards for Corporate Excellence - title sponsor from 2012 to 2016
Liverpool Football Club - our four year sponsorship started in June 2012.

About Other Banks

Business Loan Can Be Used For Many Purposes Like Below

Accelerate the Business Growth

For immediate Business Requirement

For Boosting Revenue

For Training the Manpower

Foreign Business Trips

New Business Contracts

Setting up a new branch

To Purchase Stock

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.

1) How much money do you need for your business?:-
Estimate the plan for business expansion or requirement of your business, it should be for the business growth. Most of the young entrepreneurs in recent a days, wisely using the unsecured business loans from the banks to the their business growth. A small business loan with the clear repayment will ease your chances to have working capital limits with Banks.
2) Purpose of Business Loans?:-
You should be prepared the purpose why you require business loans, by nature business loans are costlier than the regular working capital facilities, and improper utilisation of the business loan will damage your future cash flows, which will lead to a bad credit history. To avoid this, proper planning to be must before availing a business loan with the banks/financial institutions.
3) Tenor of your business loan?:-
Generally business loans will be provided for min of 12 months to maximum of 48 months. You need to decide the tenor based on your repayment/cash flows capability, the higher loan amount will cause you for higher repayment tenor and EMI.
4) What will you do if you don't get the loan?:-
Let lenders know that rejection will not discourage you from starting or growing your business. You want to portray a confident and determined personality and you will not try lender after lender until you receive the money you need to get your business moving. As a business owner, you will need a certain degree of fortitude. Be confident and proud of your venture. Let lenders know you are in control and know what's best for you and your business. Understand that lending institutions need to make loans. But if you don't get one, don't get discouraged. Ask the lender why you didn't get the business loan. Learn from the answer, rectify and move on for other lenders.

The factors which will affect your business loan eligibility and rate of interest:

By nature business is require lot of money whether it is a new or existing to grow. It is necessary for each individual business is having a cycle where the initial investments to turned out to sale and by sale procedure we get profits. As a fundamental a business requires the funds from the initial step to final step of to receive profits. A successful business means to infuse the funds into business whenever it requires.

Generally loans to business entities are two methods, one is secured facility and other one is unsecured facility. Generally Secured Loans will be provided by the banks upon taking a sufficient collateral, however another way, banks will be provide unsecured business loans to the borrower based on the eligibility criteria without taking any collateral from the borrower. Generally Secured loans starts from Rs. 5 lakhs, and the max will be depend upon the proposal strength and the collateral coverage. Whereas Business loans will be starts from Rs. 2 lakhs and max will be capped as Rs. 75 lakhs based on the client risk profile. Since the business loans are by nature unsecured.

In a nut shell, when an entity applies business loan to a Bank/Financial Institute, to be ready with the following factors.

1) Business Model or Business Plan:-
A business model will help the bankers to understand about your business overview, it will give comfort on your business loan decision making. After business model, bank will calculate “as a entity what is the competitive advantage you are having with compare to the market”. A systematic business plan shows that you are serious about running and maintaining a profitable business.
2) Type of Business:-
Another common deciding factor that may affect your business loan by the bank/financial Institutions is your type of business. A “Business Type” is very crucial for In banks decision making. There are some businesses which are into speculative business, video parlors and detective agencies etc., these kind of businesses banks generally do not provide loans, as these entities will carry higher risk.

Banks always looks for the entities which are already well established in the market for at least 3-5 years and having minimum turnover of Rs. 1.00 Cr of annual turnover for last 3 years will have higher opportunity to get the business loans from banks.

3) Credit History:-
Unfortunately, if you are applying for a business and have a poor credit history or over-all credit rating score, it will negatively affect your business loan rate. In fact, you may have a hard time qualifying for a business loan with a bad credit history, Since most of the business loan by nature as a unsecured loans, banks will be in particular concentrate on the credit history of the entities and its promoters, it is suggested that before applying any business loans avail your credit history from CIBIL and apply, a good CIBIL Score can make you to get the interest rate benefit while processing of the business loan.
4) Length of Time in Business (Experience):-
If you are having high business vintage, higher opportunities of getting unsecured business loans from the banks / financial institutions. Those whose businesses survive beyond the three year mark have a better chance of qualifying for a decent business loan rate. Lenders are reluctant to sponsor loans at decent rates to those who are just starting a new business or who have never owned and operated a business before.
5) Your Business Structure:-
Another factor that may determine the rate of your business loan is how your business is legally structured. For instance, a small business that is established as a sole proprietorship may not qualify for a decent loan rate whereas a business that is structured as a incorporated may have higher chances of qualify for the decent loan, depending upon other factors too.

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

Prepare carefully prior to applying for a loan. If a lender believes you have done a thorough job in presenting your request for a loan, it is more likely to have confidence in your management abilities and your company.
Go for business loans only on your immediate business requirement, apart from your working capital request.
Know how much money you are requesting and how your company proposes to pay it back.
Compare terms, conditions, and rates when Opt for a loan -- they can vary from lender to lender.
Provide your company’s financial documents available for the lender at your first meeting. The lender will be able to begin reviewing your request immediately.
Thoroughly check before accepting the loans terms and conditions, interest, prepayment charges details and other related information.
Improve the credit history and get the cheaper loans from the banks or financial institutes.
If you don’t take the time and energy to put your best foot forward, the lender will not have confidence in your management and decision making abilities.

Things not to do for Business Loan

Do not ask a banker "how much" money your company will qualify for. If you don’t know how much moneyyou need and how your company is going to repay the money, then the purpose will be differ from your business requirement.
Do not use unsecured Business loans for other than the business requirement. Since Business Loans are relatively costly with compare to the other loan products in the market.
The effect of the higher interest rate is an increased monthly payment, which can be more difficult for some businesses to manage.
If your business is younger than two years and it has not established a diverse credit profile in good standing, then try to avoid the Business Loan.
Do not delay on repayment of availed loan facility, which will affect your credit history, makes your another attempt will be more costlier bank funds.
Do not rush with the process.

Important points to be remember for Business Loans

1) A Great Idea isn’t Always a Great Business Idea::-
The first thing to know about getting a business loan is that having a great idea isn’t everything. Not all of them are business ideas that can work. Some are just great ideas. Great business ideas, on the other hand, are backed by solid plans that demonstrate viability. If you don’t have that, it’s a waste of your time to approach a bank looking to fund your idea.
2) Speak Your Business Plan::-
Your business plan should outline what you want to do and how you plan to do it. It should define whom you are marketing to, how you’re going to execute it/get it made and how you’re going to get paid, along with expected margins. There are many resources available to help you create your business plan, so do your homework before asking for a loan.
3) Honesty and Integrity Matter::-
Bank officers need to know they can trust you before they approve your loan. They’ll ask about your personal and business credit and your existing financials which will be needed to take a decision on your loan.
4) Find the Right Bank and Banker for You::-
When deciding which bank to approach for your loan, use your network in the business community for referrals. Find out what other entrepreneurs think. Then, when you meet with a bank (or more than one), also ask to meet with more than one loan officer. It’ll give you a better sense of the bank as a whole. One officer, for example, may know more about a specific aspect of your business while another is more familiar with your industry.
4) Small Business is Growing Strong::-
Small businesses are quicker to adapt. They do more with less and are often more innovative by their very nature. In a way, there’s never been a better time to be a small business entrepreneur. So get your ideas out there. Make a plan that’s viable, find your community bank lender and make it happen.

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 Kanpur

Kanpur is the 12th most populous city in India. It is the second largest industrial town in north India,Kanpur city has a population of 2,701,324. Kanpur is the most important industrial centre in Uttar Pradesh. It lies on the banks of Ganga. It is famous for leather and textile goods of fine quality, and leather industries, cotton, flour and vegetable oil mills, sugar refineries and chemical works.

History of Kanpur Believed to be founded by king Hindu Singh of the erstwhile state of Sachendi, Kanpur was originally known as 'Kanhpur'. Upto the 1st half of the 18th century Kanpur continued to survive as an insignificant village.Kanpur came under the British Rule by the treaty of 1801 with Nawab Saadat Ali Khan of Awadh. This forms a turning point in the history of Kanpur.The three strategic events of the 1857 war at Kanpur were the fight at `wheeler’s entrenchment’, the `massacre at Sati Chaura Ghat’ and the `Bibighar massacre’. Nana Sahib had declared independence on the 7th of June 1857 at Kanpur.

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Places To Be Visited In Kanpur

Green Park

    This is the best and most famous playground of Kanpur. International Cricket matches are held here and it has one of the best pitches in the world.

Allen Forest Zoo

    The Kanpur Zoo was opened in 1971 and ranks among one of the best zoos in the country. It is an ideal place for picnics in picturesque surroundings.

The Kanpur Memorial Church

    This church in Kanpur is popularly known as the All soul's cathedral. It was built in memory of the British who lost their lives in the 1857 revolt. The most attractive feature of this church is that it was built in the Lombardic Gothic style. The cathedral also houses a memorial garden towards its east.

Massacre Ghat

    Massacre Ghat near the bank of river Ganga is situated in the Kanpur Cantonment Area.History has got a lot to talk about this place for this is the location of Revolt of 1857, which is also popularly referred to as the Sepoy Mutiny of 1857 or the first war of Indian Independence took place.

Phool Bagh

    Phool Bagh houses the Ganesh Shanker Vidyarthi Memorial building occupied by the Orthopaedic Rehabilitation Hospital popularly referred as Ganesh Udyan.This bagh is situated on the Mall road which is in the prime heart of the city.

Jain Glass Temple

    This temple is mainly dedicated to Lord Mahavira and the 23 Jain Tirthankaras.Jain Glass Temple is one of the holy places for the Jains in Kanpur.It is located in the in Maheswari Mahal.The temple is known for its glass and enamel works.

Jajmau

    Jajmau known as Siddhapuri is a very ancient mound located towards the east end of the city.This was supposed to the kingdom of Yayati dynasty.Many antiques were got after the excavations of this place in 1957.Now this place is become one of the most important site to be visited by the tourists for Jajmau houses the Siddhnath and Siddha Devi temples and the mausoleum of Makhdum Shah ala-ul-Haq, the famous Sufi saint, built by Firoz Shah Tughlaq in 1358 and a mosque built by Kulich Khan in 1679.

Total Number Of Branches In Kanpur (769)

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