Bank NameRate of Interest %Loan TenureLoan AmountCIBIL ScoreAction
Hero Fincorp Business Loan14%N/AMonth50000700 Apply Now
Faircent Business Loan12%N/AMonth50000650 Apply Now
HDFC Bank Business Loan10.5%N/AMonth500000700 Apply Now
IDFC Bank large segment Business Loan11%N/AMonth200000700 Apply Now
ICICI Bank Business Loan10.75%N/AMonth500000700 Apply Now
Bajaj Finance Business Loan14%N/AMonth100000700 Apply Now
Tata Capital Business Loan12%N/AMonth100000700 Apply Now
Poonawalla Business Loan15%N/AMonth100000700 Apply Now
Indusind Bank Business Loan13%N/AMonth500000700 Apply Now
Lendingkart Business Loan17.25%N/AMonth100000650 Apply Now
Piramal Business Loan16%N/AMonth100000650 Apply Now
Yes Bank Business Loan14%N/AMonth200000700 Apply Now
AXIS Bank Business Loan10.5%N/AMonth100000650 Apply Now
Aditya Birla Capital Business Loan15%N/AMonth100000650 Apply Now
Kotak Bank Business Loan11%N/AMonth100000650 Apply Now
Indifi Business Loan18%N/AMonth50000650 Apply Now
Flexi Loans Business Loan18%N/AMonth50000650 Apply Now
Extra ProductNA%N/AMonthNANA Apply Now
Mas Finance Business Loan20%N/AMonth100000650 Apply Now
L&T Finance Business Loan12%N/AMonth100000650 Apply Now
Muthoot Finance Business Loan14%N/AMonth50000650 Apply Now
SMFG India Business Loan15%N/AMonth100000650 Apply Now
Credit Saison Business Loan12%N/AMonth100000650 Apply Now
Maxemo Business Loan18%N/AMonth50000650 Apply Now
Godrej Capital Business Loan13%N/AMonth200000650 Apply Now
Bandhan Bank Business Loan22%N/AMonth100000650 Apply Now

Key Features of Our Unsecured Business Loan

  • Loan Amount: ₹50,000 to ₹100 Lakhs

  • Tenure: 12 to 60 months

  • Interest Rates: Starting from 14% p.a.*

  • No Collateral Required

  • Quick Disbursal: Funds in your account within 48-72 hours*

  • Minimal Documentation & Hassle-Free Process

Benefits of Choosing Our Unsecured Business Loans

  • No Collateral Needed: Secure funds without risking personal or business assets.
  • Flexible Usage: Use the funds for expansion, equipment purchase, payroll, inventory, or marketing.
  • Fast Approvals: Pre-approved offers and instant loan decisions for eligible applicants.

  • Improves Cash Flow: Meet short-term business requirements easily.

What are the Benefits of a Business Loan?

  • Lower Interest Rates
  • Expense Flexibility
  • Minimal Documentation
  • No sharing of profits
  • Chance to improve Credit Score
  • No negative effect on ownership 
  • No collateral 
  • Tax Benefits
  • Improved business cash flow
  • Build a Business Credit Profile

Features of a Business Loan

  • Loan Amount: This is the fixed amount that the borrowers get from the lender. This amount is based on the creditworthiness and turnover of the business. 
  • Interest Rates: The interest rate is the cost of borrowing the money and is expressed as an annual percentage rate (APR). Business loans may have fixed or variable interest rates.
  • Loan term: This is a pre-determined tenure the borrower must follow to repay the loan amount. This can also be manipulated based on the creditworthiness and annual turnover of the business.
  • Repayment Schedule: In the repayment schedule, the lenders outline the frequency and amount of each borrower’s payment to repay the loan. The payment frequency is generally monthly; the rest of the element can be customised accordingly. 
  • Fees and Charges: Apart from Interest Rates, there are several other charges on a Business Loan, such as processing fees, application fees, late repayment fees, etc. 
  • Credit Check: This is an inquiry credit history check of the borrower run by the lenders to ensure their repayment capabilities. 
  • Early Payment Options: Various lenders offer early or pre-pay options on their business loans. With this, the borrower can repay their borrowed amount even before the completion of the repayment tenure. A few lenders also put charges on closing the loan early. 

What are the Required Documents

In address proof, the basic documents are: 

  • Aadhaar Card
  • Voter’s ID card
  • Driver’s License
  • Rent agreement
  • Utility bill

What are the Eligibility to Apply for a Business Loan

  • The vintage of the business must be profitable for a year at least
  • The location of the business must be the same for a year at least
  • CIBIL score of the borrowing entity must be a minimum of 700 
  • The minimum annual turnover of the business must be 3 Lacs

FAQs

  • A business loan is a financial product that provides capital to businesses for various purposes, such as expansion, working capital, equipment purchase, or other business-related needs.
  • Business loans can be used for a variety of purposes, including starting a new business, expanding an existing one, purchasing equipment or inventory, covering operational expenses, or consolidating debt.
  • There are various types of business loans, including term loans, SBA loans, lines of credit, equipment financing, and merchant cash advances, among others.
  • Eligibility criteria can vary among lenders, but common factors include creditworthiness, business revenue, time in business, and the purpose of the loan.
  • Required documents often include business financial statements, tax returns, a business plan, personal financial information, and sometimes collateral documentation.
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