Collateral Free Business Loans
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For small businesses to thrive, loans are required. However, they may not have the necessary collateral required for the loan.
Collateral free business loans upto Rs 40 Lacs are offered by our lending partners.
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Loan Tenure – from 1 to 5 years
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Requirements of Collateral - NIL
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Interest rate - 17% to 22% being total unsecured in nature
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Swift Average Turnaround Time (TAT) which is 4 days to 1 week
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Maximum Industry tenure of 5 years (3 years usually)
Criteria for Eligibility:
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All business organization with a reputed credit history
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Sole Proprietorship Firms, Self Employed Professionals, Partnership firms, Private Limited Companies, and Closely held Public Limited company can avail this loan
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All applicants must have business vintage above 3 Years.
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They must have Audited Balance Sheets or Financials for the past 2 years
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Minimum cash profit of Rs 5 Lacs in the latest financial year.