Lender profile
Tata Capital business loans
Tata Capital is on Recur Club's lender panel, writing domestic factoring, dropline overdraft, finance lease and 9 other products. Observed tickets run ₹3 cr to ₹15 cr, priced between 10.5% and 12%. Median turnaround from application to disbursal is about 49 days.
- ✓Tickets from ₹3 Cr – ₹15 Cr across 13 products
- ✓Indicative pricing 10.5% – 12%, as quoted on live transactions
- ✓Around 49 days from application to disbursal when the file is clean
- ✓We check your fit against every lender on the panel, not just this one
13
Products live
₹2 Cr
Median sanction
49
Days median turnaround
152
Sanction letters read
— Which arm you land with
2 lenders under one brand
They share a screening philosophy but not a book. Which one your file goes to depends on what you are borrowing against.
Tata Capital Financial Services Limited
Rejects
- No real estate
- Loss making doesn't want to do, not even for factoring.
- Proposal was rejected at local level owing to unsettled defaults in the name of Mr Mohan Kumar Jha (Promoter Director of Devout Nord I Limited)
- default is with PNB.
21 more ▾ ▴
- Declined last-mile electricity distribution business — requires strong connects with authorities and carries very high risk of the business getting stalled.
- Met this borrower in the past and did not progress as we were not okay on the financials and did not get good feedback
- Declined the deal outright: 'We will have to give it a pass, the expectations are too fine' after earlier saying it could not take the deal ahead on the mentioned commercial & security terms.
- Company will not provide a corporate guarantee from Opulence Cowo Pvt. Ltd., as it is a separate legal entity with distinct shareholding and management
- Trader profile companies cannot be funded, even for leasing.
- Shares are not acceptable as collateral, per internal list.
- Pari-passu charge on current assets is not acceptable as collateral — no hard/exclusive collateral means deal can't proceed.
- Cannot do unsecured deals, i.e. deals with no hard asset as collateral.
- Tata Capital unable to provide an unsecured deal for this client; confirmed prior proposed terms are the best they can offer
- Only a charge on vehicles as security will not work, based on their experience with Blusmart
- Not looking at NBFC deals right now
- Won't do unsecured
- Not keen to pursue the Spark deal
- Not comfortable with sector and business model
- Not keen on the industry
- Not looking at NBFCs at all currently
- Not comfortable - low scale
- Factoring not possible
- EBITDA negative companies they are not keen for
- With 50% cash collateral only, it won't fly in the system
- TATA not comfortable taking an unsecured exposure for the deal
Wins
- Prefers manufacturing/seller-or-buyer good profile; would ideally avoid trader profile given exporters exposed to recent tariffs
- Okay with services companies and distribution models (e.g. Rashi, Microsoft)
- Most limits are factoring with limited recourse; supplier insurance evaluated case-by-case
- Security deposit % required is slightly lower for Factoring and Leasing products
15 more ▾ ▴
- Can do reverse factoring and purchase invoice discounting/inventory funding but not very bullish on it
- …more in playbook
- Promoter personal guarantee (personal guarantee) was a concern in this deal
- Prefers manufacturing/seller-or-buyer good profile; would ideally avoid trader profile given exporters exposed to recent tariffs
- Okay with services companies and distribution models (e.g. Rashi, Microsoft)
- Most limits are factoring with limited recourse; supplier insurance evaluated case-by-case
- Security deposit % required is slightly lower for Factoring and Leasing products
- Can do reverse factoring and purchase invoice discounting/inventory funding but not very bullish on it
- Not very keen on Agri and EV sectors
- Leasing team wants to be aggressive on IT assets and car leasing
- Factoring also seen as having growth scope
- Auto ancillaries and steel are key focus sectors
- Cautious on chemicals, textiles and manpower management sectors unless done via factoring
- Prefers secured deals backed by hard collateral.
- Wants profitable companies.
Behaviour & gates
- Borrower: CIBIL ≥650
- Delhi (varies by product)
- Financials: TOL/adjusted tangible net worth ≤5
- debt/EBITDA ≤4 (cohort ≈0.9×)
- debt/networth ≤4 (cohort ≈0.8×)
- DSCR ≥1
15 more ▾ ▴
- Deal: rate 10–18% (range across products — see matrix)
- ticket ₹3–1000cr
- tenure 12–60mo (range across products — see matrix)
- Security (observed): Personal Guarantee Of Promoters / Directors / Property Owner (100%)
- 1st/pari-passu charge on current assets (58%)
- 1st charge on P&M (50%)
- median ticket ₹10cr
- median rate 13%
- median turnaround 49d
- Security asked in : FD margin 20–30% (×9), Fixed Deposit <5% (×8), FD margin 5–10% (×8), FD margin 10–15% (×8)
- Security asked in : Personal Guarantee Of Promoters/Directors (×30), 1st/pari-passu charge on current assets (×23), FD margin 10–15% (×19), Escrow Of Cashflows (×15)
- Security asked in 2026: Personal Guarantee Of Promoters / Directors / Property Owner (×26), 1st/pari-passu charge on current assets (×15), 1st charge on P&M (×13), Escrow Of Cashflows (×12)
- share → in-principle approval (initial interest): ≈14d
- in-principle approval → sanction (underwriting): ≈16d
- sanction → disburse (closing): ≈8d
Tata Capital Limited
Wins
- Category B scrips can be funded at the same % as category A, but requires approval
- Maintains an approved list of ≈3000 scrips categorized into A, B and C
- Pricing for single scrips starts at 10-10.25%, otherwise better
- Maintains an approved list of ≈3000 scrips categorized into A, B and C
4 more ▾ ▴
- Maximum loan amount of 40cr
- Subharaman manages the south region for loan against shares and securities
- Pricing for single scrips starts at 10-10.25%, otherwise better
- Usually funds 40% of portfolio value for a single scrip in category A
Behaviour & gates
- Borrower: CIBIL ≥650
- Financials: TOL/adjusted tangible net worth ≤5
- debt/EBITDA ≤4
- debt/networth ≤4
- DSCR ≥1
- Deal: rate 9.2–13%
5 more ▾ ▴
- ticket ₹3–40cr
- Security (observed): share pledge ≤51% (100%)
- Security asked in 2026: share pledge ≤51% (×1)
- share → in-principle approval (initial interest): ≈1d
- in-principle approval → sanction (underwriting): ≈0d
— Products & indicative terms
What Tata Capital lends, and on what terms
What has actually been offered on live transactions, not brochure numbers. Treat them as the band you are likely to be quoted inside, not a promise. Open a row for that product's credit box.
| Product | Ticket | Pricing | Tenure | Arm |
|---|---|---|---|---|
Domestic Factoring▾Turnaround ~49d Wins
18 more ▾ ▴
Behaviour & gates
28 more ▾ ▴
| ₹3 cr | 10.5% | 12 mo | Tata Capital Financial Services |
Secured Term Loan▾Turnaround ~74d Wins
18 more ▾ ▴
Behaviour & gates
33 more ▾ ▴
| ₹4–15 cr | 11–12% | 18–48 mo | Tata Capital Financial Services |
Also offered, with no terms observed yet: Sales Invoice Discounting, Working Capital Demand Loan, Dropline Overdraft, Finance Lease, Loan Against Property, Loan Against Securities, Operating Lease, Overdraft / Cash Credit, Purchase Invoice Discounting, Unsecured Business Loan.
— Typical term sheet
What a sanction from Tata Capital actually looks like
Reconstructed from real sanction letters. Small samples, so read them as observed rather than as a rule.
Tata Capital Financial Services Limited
Specimen sanction
Representative of the median file. Your actual terms will move with rating, security cover and relationship.
How often each clause appears
Share of the 85 sanction letters carrying the clause.
Other standing covenants49%
Tata Capital Limited
Specimen sanction
Representative of the median file. Your actual terms will move with rating, security cover and relationship.
How often each clause appears
Share of the 67 sanction letters carrying the clause.
Other standing covenants40%
— Security & covenants
What they will ask you to pledge
Counted across the sanction letters read. A combination is normal, and most files carry more than one.
Tata Capital Financial Services Limited
- Fixed Deposit11 letters
- Movable Fixed Assets3 letters
- Debt Mutual Fund3 letters
- Fixed Deposit / Debt Mutual Fund3 letters
- Stocks and Receivables2 letters
- Immovable Property (Land)2 letters
- Fixed Deposit ×11, Movable Fixed Assets ×3, Debt Mutual Fund ×3, Fixed Deposit / Debt Mutual Fund ×3, Stocks and Receivables ×2, Immovable Property (Land) ×2
Tata Capital Limited
- Fixed Deposit6 letters
- Movable Fixed Assets3 letters
- Immovable Property (Land)2 letters
- FD/MF2 letters
- Cheque2 letters
- Residential Property (Mortgage)1 letters
- Fixed Deposit ×6, Movable Fixed Assets ×3, Immovable Property (Land) ×2, FD/MF ×2, Cheque ×2, Residential Property (Mortgage) ×1
— Common questions
What borrowers ask about Tata Capital
- What does Tata Capital lend?
- Tata Capital writes domestic factoring, dropline overdraft, finance lease, loan against property, loan against securities, operating lease and 6 further products. Across those, observed facilities run ₹3 cr to ₹15 cr.
- What ticket size does Tata Capital offer?
- Facilities observed on live transactions run from ₹3 cr to ₹15 cr. The band differs by product, so the figure that applies to you depends on which facility you are asking for.
- What rate does Tata Capital charge?
- Rates observed on live transactions fall between 10.5% and 12% a year. Tenures run 12 to 48 months. These are observed figures, not a quote, and the rate you are offered depends on your file.
- How long does Tata Capital take to disburse?
- About 49 days from application to disbursal at the median, where the file is complete. Missing financials, unresolved security or a pending no-objection from an existing lender are what usually stretch it.
- What are Tata Capital's eligibility criteria?
- The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page.
Next steps after Tata Capital
Check your match
Answer a short set of questions and see which lenders on the panel your file clears, on each one's own recorded criteria.
Browse every lender
Search the panel by name, product or ticket size, and compare credit boxes side by side.
Look up a company
Registry identity, GST status, charges and ratings for any Indian company, including your own.
AICA
The underwriting platform these credit boxes come from. Built for lenders and credit teams.
Bharat Ke SuperFounders
Founder stories from the companies building in India, from the team behind Recur Club.
See whether Tata Capital is the right lender for you
A few questions. Recur Market scores you against Tata Capital and the rest of the panel, on each lender's own recorded criteria.
Check my matchLast updated
Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of Tata Capital's current policy. Terms are set by the lender at the time of sanction.