Tata Capital launches Digital Trade Advance in India

By Edil Corneille

Mumbai-based Tata Capital, the financial services arm of the Tata Group, announced today its Digital Trade Advance product for premium commercial customers. The latest offering is exclusive to Tata Capital’s pre-approved premium dealers who can now provide instant loans to their respective two-wheeler vehicle buyers.

On the launch of Trade Advance, Abonty Banerjee, Chief of Digital and Marketing, Tata Capital said, “Digital Trade Advance is our latest offering exclusive to our customers dealing in two wheeler vehicles across India. This product aims to help our dealers grow their business by providing easy and accessible finance options to their customers. Also, DTA will further boost sales for this category as the festive season demand gains momentum.”

Tata Capital mentioned that its Commercial and SME Finance Business is committed to being a complete financial solutions partner. The company offers a comprehensive range of digital products and services which provides value to its customers. With a significant increase in the digital penetration of customers, Tata Capital offerings include an exclusive portal for its Channel Financing and Commercial Lending Borrowers and also a dedicated smartphone app.

Key features of Digital Trade Advance comprise of same-day sanctions for loans up to INR 5 million, collateral-free loans, and minimum documentation required (only KYC documents necessary in the pre sanction stage).

Tata Capital is a holistic financial services provider that caters to the diverse needs of retail, corporate and institutional customers, directly or indirectly through its subsidiaries. Its range of offerings includes consumer finance, advisory services, commercial finance, infrastructure finance, securities, investment banking, private equity advisory, credit cards and travel & forex services.