Tally Capital: Simplifying Business Loans with No Collateral

1. Let’s Understand How Tally Capital Can Help MSMEs

Tally capital is a private investment firm which deploys its funds through loans and investment in various sectors, with specific focus on startup businesses and  growth stage buisnesses. It also specialises in sectors such as technology, healthcare, finance, or real estate, depending on its investment strategy. Tally capital is more likely to invest in those companies and partner with companies with strong potential to grow or disrupt the market. However, the details of “Tally Capital” can differ, as the name might pertain to various companies or projects in different areas or industries. Certain companies may function under this name in venture capital, private equity, or asset management.

1.1 Tally Capital offers A Number Of Benefits To Businesses, Including: 

  • Quick procedure: Tally Capital’s pre-established connection with Tally speeds up the loan application process.
  • No collateral required: Tally Capital’s lending partners offer collateral-free loans.
  • Competitive interest rates: Tally Capital offers competitive interest rates through negotiations with its lending partners.

1.2 What Can One Check Using Tally Capital:

  • CIBIL score-  One can easily check his CIBILscore by registering himself on tally capital and then clicking on check CIBIL score and entering PAN number. Then he will get a report showing his credit score.
  • Loan eligibility check- By clicking on the loan eligibility test and filling out the form for eligibility test one can check his history of loans and pending loans.
  • Loan Application- One can file a loan application by submitting documents to the tally service provider resource and the resource will then upload the required documents.

1.3 Initial documents required:

  • GST Number- the business should have a GST number to get itself tested for eligibility score, CIBIL score, Loan application, loan approval. GST number also helps in finding out past financial records of the beneficiary.
  • MSME Certificate- It is an important document required for medium small and micro enterprises as it helps businesses to get access to many benefits that help businesses grow and be more efficient.
  • PAN  Number: A PAN Number is required to check the beneficiary’s past financial records. It helps banks to decide and give loans accordingly.

1.4 Documents Required After Filing Loan Application:

  • KYC Documentation:  Proof of identity and address, such as a PAN card, voter ID, passport, or driving license
  • Business proof: Documents such as a business registration certificate or trade license
  • Financial documents: Invoices, tax returns, bank statements, and profit and loss statements
  • Collateral details: For secured loans, asset-related documents.

1.5 Banks Engaged With Tally Capital:

  • Kotak bank –  Kotak bank charges 16% interest rate on loans.
  • L&T Finance– L&T Finance charges 17% interest rate on loans.
  • Flexi loans – Flexi loans charges 21% interest rates on loans.

Let’s work together

Cyborg Net Solutions” are an acknowledged organization and engaged as a