Tata Capital offers small business loans to help businesses stay afloat


Bombay, Maharashtra, India:
Tata Capital, a leading finance provider, offers instant small business loans at attractive interest rates and structured EMI plans. Establishing and running a successful business is by no means an easy task, funds are needed at every stage of the process – from initial operations to expansion. As small and medium-sized businesses continue to contribute to the country’s GDP growth, several lending institutions are offering affordable business loans to help these businesses stay afloat.

In fact, 2021 has seen a 30% year-on-year growth in corporate lending by public and private banks. Additionally, digital lending platforms have simplified the loan approval and disbursement process. There is no doubt that fast and affordable business loans allow companies to strengthen their presence in the market.



What is a small business loan

A small business loan is an exclusive product designed specifically for the self-employed to help them meet their short-term business needs. Tata Capital’s small business loans give new and existing businesses the confidence to manage their business financial needs without ever dipping into their savings or resorting to other forms of credit.

Small business loans come with unlimited end use. One can use the funds however one wishes – whether one wants to introduce additional working capital, buy the latest equipment, invest in inventory or take on a new project for the business. With a loan amount ranging from Rs. 40,000 to Rs. 1.5 lakhs, one can ensure a quick infusion of funds to their businesses for smooth running.



Key Features of Tata Capital Small Business Loans



Digital application
To provide maximum convenience to its customers, Tata Capital offers a digital platform where one can apply for a small business loan. Every individual must visit the website and avail a small business loan in simple steps. Moreover, there is no need to worry about cumbersome business documentation to get the loan. They ask for minimal paperwork, that too, digitally.



Loan without guarantee
For most businesses, getting an affordable business loan can sometimes be difficult, as it requires putting a tangible asset as collateral for the loan. Not to mention that lenders require clear title to the collateral offered (in the case of property), which means additional paperwork and legal formalities to verify said property.

However, with Tata Capital, there is no need to pledge collateral to qualify for an online small business loan. They offer simple eligibility criteria to help you get a loan instantly.



Fast processing and disbursement
Digital lending platforms have not only simplified the loan application process. But they have also reduced the time it takes to approve and disburse a business loan. With Tata Capital’s digital loan processing, one can get a small business loan approved within minutes of applying.

Additionally, due to minimal paperwork and verification, loan processing is fast and funds are disbursed within days. Hence, people do not have to wait too long to meet their business financial needs.



Affordable
One of the best features of small business loans is that they come with affordable interest rates. Additionally, one can obtain a loan for a nominal processing fee and no hidden fees, making small business loans a convenient source of financing.



Flexible EMI structure
Most companies are characterized by a time gap between when they issue an invoice and when it is paid. Any delay in receiving the money can strain the company’s cash flow and affect loan repayments. However, small business loans come with flexible repayment, ranging from 18 to 36 months.

Thus, one can choose a convenient loan term according to his business cash flow and ensure smooth repayment of the loan.



Documents required for a small business loan
All you need to do is digitally submit your KYC and a few business documents. Also, no income documentation is required for loan amount up to 1.5 lakhs.

Once the documents have been verified and the loan approved, the funds will be received directly in the bank account.



How to register

Visit the Tata Capital website to start the digital application process.

 

  • Enter mobile number (linked to Aadhaar card)
  • Choose a professional loan offer adapted to the needs of individuals
  • Fill in all the details and complete the digital KYC process



Once one confirms the details on the screen, the lender will start processing the application and one will also receive the loan agreement.

With a simple application process, fast disbursement, and tailored offers with no end-use restrictions, a small business loan is the best way to meet the changing financial needs of businesses. For details, visit the Tata Capital website https://www.tatacapital.com/.

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