UNSECURED BUSINESS LOAN is a loan that is not backed by a collateral such as property, but instead, designed based on the creditworthiness of the business. It is a SHORT-TERM commercial finance option that is available to businesses to use for working capital requirements and / or expansion of business.
Typically, unsecured loans are suitable for high-growth companies who have good revenue potential and strong promoters who have a good credit history.
Funding Range: INR 10 Lakhs to INR 50 Lakhs
Term Range: 6-12 Months
Interest Rate: 18-20%
Security Required: None