*Conditions apply

Business Loan EMI Calculator

Loan amount :

100
  • 3L
  • 10L
  • 15L
  • 20L
  • 25L
  • 30L

Tenure :

100
  • 12M
  • 24M
  • 36M
  • 48M
  • 60M

Interest Rate :

100
  • 13%
  • 20%
  • 25%
  • 30%
  • 36%
nexarc logo
nexarc logo

Three simple steps for hassle-free business loans

5 mins

Apply online & check eligibility

Submit your bank statement & business details online.

2 mins

Accept the best loan offer

We compare offers from multiple lenders to give you the best offer to proceed with.

Get funds credited

Funds disbursed in your account after KYC, agreement signing & e-NACH formalities.

Why Choose Tata nexarc Business Loans?

One application for multiple lenders

No collateral required

No audited financials required

No paperwork for loan application

Qualification Criteria

Documents Required

  • 12 months’ bank statement
  • Proprietor’s Aadhaar and PAN card
  • At least 1 business proof (see list)
  • Ownership Proof - Business / Residence (at least 1 from list)

Frequently asked questions

What is Tata nexarc Business Loans?
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Tata nexarc Business Loans are unsecured / collateral-free, working capital loans at the best rates and turnaround times from a variety of banks and NBFCs - especially aimed to help emerging businesses on Tata nexarc solve their working capital related needs.

What is an unsecured business loan?
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An unsecured loan is a collateral-free loan. That is, as a borrower (business owner) you do not have to offer any collateral as security to the bank. The loan is offered based on your creditworthiness.

Why should I take a business loan?
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As a business owner, you may require funds from time to time. Business loans can provide the immediate funds when you need it the most.
You can use our collateral-free business loans to start a new business, recover from slowdown, ensure cash flow, get access to working capital, hire new employees, buy new equipment, expand your business or for any other purpose.

Why take a business loan from Tata nexarc?
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Tata nexarc offers attractive unsecured loans from leading banks and financial institutions in India to meet your MSME's financial needs. You don't need to visit multiple banks to find the lowest interest rates, repayment and EMI options. On Tata nexarc, you can compare the rates of various lenders and find the right option for your emerging business.

What are the documents required for an unsecured business loan?
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Unsecured business loans are offered based on your credit score. A business owner/sole proprietor can apply for an unsecured business loan with the following documents:
Photo identity proof eg. PAN and Aadhaar, driving licence
Business ownership proof like GSTIN, Shop Establishment Certificate, Gumasta Licence, Udyog Aadhaar etc.
Bank statements (12 months) and/or GST returns

Which entities can avail a business loan?
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Our unsecured business loans for small businesses are currently available for all sole proprietorships across industries. There are, however, a few industries which are not eligible as per certain lenders.

What are my options to repay an unsecured loan?
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You can repay an unsecured loan through post-dated cheques, NACH, Electronic Clearance Service (ECS), or direct debit. To know more about repayment terms and period, please write to us at support@tatanexarc.com

Is part payment allowed for a business loan?
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No, we do not allow part payment for unsecured business loans.

How can I get a business loan from Tata nexarc?
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Online - To avail a loan for your MSME, simply apply through our lending page: https://www.tatanexarc.com/finance/business-loans/
Phone - You can alternatively call our customer care number +91-902-211-2299 from 10 am to 6 pm (Monday to Saturday) and request a call back

What is the minimum and maximum loan amount offered?
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You can apply for and avail a no-collateral loan from ₹ 3 lakhs to ₹ 30 lakhs.

How long does it take to sanction the loan?
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Tata nexarc's unsecured business loans are disbursed to your account within 72 hours of submitting all the required documents and meeting the required eligibility criteria.

What security do I need to provide to obtain an unsecured business loan?
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Tata nexarc offers zero-collateral business loans. It means that if you meet the eligibility criteria, you can apply for a business loan without any collateral. No security is required.

How does a business loan affect taxes?
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Any interest levied on a business loan is exempt from taxation. This is because the interest paid is considered as a business expense and not revenue. Registering as a MSME can also help you avail business loan tax benefits on excise and other charges. However, the principal amount is not tax-deductible.

How is my loan eligibility assessed?
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For an unsecured business loan, eligibility is dependent on primarily the following factors:
A credit score of 650+ of the entity and/or the partner/director/proprietor of the borrowing entity. For a lesser credit score, the lender may decide to limit the loan amount.
Age between 23-65 years
Years in business: 2yrs+
Business shows an upward turnover trend
Bank statement/GST return analysis

How long can I take to repay the loan?
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Loan tenure starts from 12 months up to 60 months depending on the lender.

What is the rate of interest (per annum)?
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Our interest rates start at 13% p.a. and is dependent on parameters such as credit bureau score, business performance for the past 2 years and business documents.

Are there any hidden charges?
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There are no hidden charges. Our lending partner charges 2.5-3% of sanctioned amount as processing fees.

What happens if I am unable to repay the loan in time?
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If you default on a payment, you will be sent reminders on SMS, email, phone to pay the amount due with penal interest up to 30 days. Unfortunately, if you do not pay the EMI till 30 days, it will affect your CIBIL Score/Bureau score negatively and may make you ineligible to avail future loans immediately.

How safe is my data?
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We work hard to protect Tata nexarc and our users from unauthorised access to or unauthorised alteration, disclosure, or destruction of information we hold. We encrypt all our services using the Secure Sockets Layer (SSL). We review our information collection, storage and processing practices, including physical security measures, to guard against unauthorised access to systems. For further details, please refer to our privacy policy here.

How can I delete my data or account?
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We understand that you may wish to exercise your right to be forgotten on the Tata nexarc platform. Since this is a major and irrevocable decision, we would need you to email us with a request to delete your data and/or Tata nexarc account at support@tatanexarc.com. A Tata nexarc representative will reach out with estimated timeline by which this action will be completed along with confirmation, once it's done. For more details, please refer to our terms and conditions here.

How can I revoke any consent I may have given for Business Loans?
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We understand that you may wish to exercise your right for us not to communicate/leverage your data on the Tata nexarc platform to reach out to you with updates or offers. For the same, we would need you to email us at support@tatanexarc.com. with a request to revoke specified consents. A Tata nexarc representative will reach out with estimated timeline by which this action will be completed along with confirmation, once it's done. For more details, please refer to our terms and conditions here.

Are there any charges if I settle my loan in full before the scheduled term?
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It depends on when you choose to pay the loan's full amount. You can close the loan by paying the principal and the proportionate APR (Annual Percentage Rate or Effective Interest Rate with processing fees, insurance, etc. charges) without any penalty within 7 days of loan disbursement. Once this period is over, loan prepayment charges differ basis the lender. We urge you to please read the loan agreement/KFS (Key Fact Sheet) carefully before signing.

Which banks/NBFCs is Tata nexarc tied up with?
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We are actively increasing the options available for you to choose a business loan from – while ensuring you get a clear offer in less than 5 minutes. At present, we have 2 top lenders onboarded to support you in your working capital needs:
Ⅰ.    IIFL Finance Limited (IIFL) is a non-banking financial company (NBFC) headquartered in Mumbai.
IIFL's appointed GRO details:
Designation: Nodal Officer
Contact Number: +91 22 4520 5810/+91 22 6817 8410
Email ID: nodalofficer@iifl.com
Grievance redressal: https://www.iifl.com/finance/grievance-redressal-procedure

IIFL's Customer support details:
Email ID: customer.care@iifl.com
Contact Number:+91 22 6253 9302
Help line no.: 1860-267-3000/7039-050-000
Service portal: https://smartapps.iifl.com/CustomerPortal/Login?_ga=2.213359185.431414145.1667565111-1015409094.1665653206

ⅠⅠ.    Kotak Mahindra Bank Limited (KMBL) is a private sector bank headquartered in Mumbai.
KMBL's appointed GRO details:
Loan details can be viewed by logging into Kotak’s netbanking using CRN issued to the customer (details here)

KMBL's customer support details:
Loan details can be viewed by logging into Kotak’s netbanking using CRN issued to the customer (details here)

Who do I contact at Tata nexarc about any experience or data usage or journey-related issues for my business loan?
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We have multiple channels available for feedback including our helpline number at +91-902-211-2299 or you can write to us at support@tatanexarc.com. Additionally, we have appointed a Grievance Redressal Officer to specifically address any complaints/suggestions you may have regarding your experience with availing/applying to a business loan via the Tata nexarc platform.
Here are the details:
Name: Hemchand Malkani
Address: Army & Navy Building, 148, M G Road, Opposite Kala Ghoda, Fort, Mumbai, Maharashtra - 400001, India
E-mail ID: grievance-officer@tatanexarc.com

How do I provide feedback for my application experience on Tata nexarc Business Loans?
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We love getting feedback as it helps us understand what we should continue doing/improve/stop doing. If you have something you’d like to tell us, please write to us at support@tatanexarc.com.

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Request a Demo
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Give a missed call on +91 6269555606