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Unsecured Business Loan

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  • Unsecured Business Loan

Unsecured Business Loan

An unsecured loan is one that does not require any form of security. Rather than using a borrower's assets as collateral, lenders approve unsecured loans based on their creditworthiness. Personal loans, student loans, and credit cards are examples of unsecured loans.We checks your business loan eligibility and matches your small business lending requirements with the right lender for your business in no time.

The borrower’s credit history of repayment and income is considered while approving the Unsecured Business Loan.

Benefits

It does not need any collateral for security

A collateral-free business offers great flexibility as it offers a unique Flexi loan feature. This feature helps business owners to get loans as per their requirements

Due to less paperwork needed for processing the application the loan disbursal is faster and that helps when businesses are in need of quick cash

The borrower can use the money as deemed fit but should be used for business expenses.


Loan Amount

The loan amount can be anywhere from Rs 50,000 to up to Rs 50 lakh and depends on the size of business

Repayment period

The loan tenure is flexible and can be from 1 years to 5 years or more

Minimum Business Loan Requirements

Pan Card

 Last three years income tax returns

Audited Financial Statement

Tax Audit Report

 Shop Act

MSME Certificate

Registered Partnership Deed (In case of Partnership)

Incorporation Certificate (In case of Company)

Last one year bank statement.

Business Address Proof i.e. Registered Rent Agreement or any ownership documents

Adhar Card of Directoer/Partner/Proprietor

Last three years income tax returns of Directoer/Partner/Proprietor

Net worth Certificate of Directoer/Partner/Proprietor