Business loan(Unsecured)
Business Loan /Unsecured loan (or Business installment loan) is a short-term unsecured loan of the 1-5 year provided by banks and NBFCs without asking for any collateral, guarantor or hypothecation of any assets. The usage of a business loan is left to the discretion of the borrower and can be utilized for working capital purposes, meeting short-term cash flow requirements etc.
A self- employed individuals/business owner in the age group of 21 to 65 years can apply for the business loan.
The annual turnover required for eligibility will vary from bank to bank. The business needs to be in continuity for the last 3 years with positive trends in turnover and profit for the last 2 years.
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Terms and Conditions
This information is for customer knowledge and awareness. The final decision lies with the Banks and NBFC’s with regards to approval of the loan application.
Kindly contact +91 9972908696/+91 9972718696 or please visit the office for any queries or advise.