Unsecured Business Loan
Frequently asked questions
What are the key features of Unsecured Business Loan?
If you are looking at hassle free, fast processing with easy documentation and no collateral or security to be offered, then Unsecured Business loan is just the product for you.
Who can avail Unsecured Business Loan?
Unsecured Business Loan can be availed by SME, professionals, manufacturers, service providers and traders.
What are the loan tenure options available?
Unsecured Business Loan can be availed for tenure of 12 months, 24 months or 36 months.
What is the minimum and maximum loan amount which can be availed under Unsecured Business Loan?
The minimum and maximum loan amount which can be availed under Unsecured Business Loan is INR 10 lakhs and INR 50 lakhs respectively.
What is the security or collateral required to be provided to avail of an Unsecured Business Loan?
No security or collateral is required to avail of this loan.
We are a start up firm, can we avail of this loan?
Unsecured Business Loan is not offered to start up as the minimum business vintage of 5 years in the same line of business and business operations in the same city is required. Two years of audited financials would be required to be submitted to avail of this loan.
Can I part pay or prepay the loan?
Prepayment is allowed only after nine months from the date of disbursal. No part payment is allowed.