TATA Capital Business Loan Eligibility Calculator

TATA Capital Business Loan Eligibility Calculator is one of the most helpful financial tools. TATA Capital Business Loan Eligibility Calculator will help you to calculate your TATA Capital Business Loan Eligibility before you go for TATA Capital Business Loan apply online. To know your TATA Capital Business Loan Eligibility you have to put some key information like your yearly turn over, if you have any ongoing EMI. With the help of TATA Capital Business Loan Eligibility Calculator you will know what your present TATA Capital Business Loan Eligibility criteria is. To make your TATA Capital Business Loan Eligibility higher you need to have high CIBIL Score.

Factors which affects TATA Capital Business Loan Eligibility Calculator

TATA Capital Business Loan is an unsecured loan, so you don’t have to mortgage anything, so if you fail to pay your TATA Capital Business Loan amount the lender can’t ask for you anything. So the TATA Capital Business Loan Eligibility is high compared to home loan or car loan. Your TATA Capital Business Loan Eligibility based on your inputs it will change if your inputs are wrong.
Here are the factors which affects TATA Capital Business Loan Eligibility Calculator.

• Applicant’s Age

  The applicant’s age is also important on TATA Capital Business Loan Eligibility. To avail an TATA Capital Business Loan you need to be in the age group from 21 to 65 years old. The younger you are there are more chance that your TATA Capital Business Loan Eligibility is high and you will get a loan in lowest interest rate. You will even avail offers as you are younger.

• CIBIL Score

  Your CIBIL Score matters a lot on your TATA Capital Business Loan Eligibility. If you have high CIBIL Score that means your TATA Capital Business Loan Eligibility is high and if you have low CIBIL Score your Business TATA Capital Business Loan Eligibility is low. Your CIBIL Score depends on how you pay your Business Loan. To make your CIBIL Score high you need to repay your Business loan on time.

• Debt

  If you have existing debts which means if you are currently paying any kind of EMI for Credit card, home loan or Business Loan your TATA Capital Business Loan Eligibility will be lower but if you don’t have any kind of debts your TATA Capital Business Loan Eligibility will be high.

• Geographic Location

  Geographical locations matters a lot on your TATA Capital Business Loan Eligibility as if you are from metro city you have higher TATA Capital Business Loan Eligibility is higher than someone from rural areas. Some financial institutions have red marked on some places so if you are from one of those places your TATA Capital Business Loan Eligibility can be lower.

• Housing Situation

  If you have your own house there are maximum chances that your TATA Capital Business Loan Eligibility is high and your business loan will be approved but if you are living in a rental house your TATA Capital Business Loan Eligibility is low as your monthly income gets lower for that.

• Business Stability

  If you need to take a TATA Capital Business Loan your TATA Capital Business Loan Eligibility should be higher and for that you should have higher TATA Capital Business Loan Eligibility. Your financial institution will ask you if your income from business is stable or not and if the profit of your business is marginal your TATA Capital Business Loan Eligibility will be lower and that financial institution may ask you for collateral to approve your TATA Capital Business Loan.

• ITR & Banking

  TATA Capital Business Loan sanctioned your business loan amount only after checking your income tax return and bank statements. To match TATA Capital Business Loan Eligibility Criteria you need to submit your ITR details of 24 months and they also require the bank statements of last six months.

TATA Capital Business Loan Eligibility Criteria