An unsecured business loan is a collateral-free loan option available especially for startups and small businesses who want to expand their business, develop infrastructure, purchase machinery etc. It is similar to personal loan and is the perfect solution for businesses who don’t have any collateral to secure a loan. It is a risk-free type of loan, wherein the company’s asset is not owned by the lender. More importantly, it is designed to meet varied requirements, and the tenure can be anywhere between 12 and 36 months.

We at Loankarts have the experience and expertise that can help small business owners to get the required funds, which will help them to grow a sustainable business. With our online unsecured business loan application process, companies can get a quick and easy loan within a few days. We understand the value of time and effort that business owners put into growing their company. In such a scenario, lack of funds shouldn’t be an obstacle in the path of their growth.

Thus, we can help them achieve their goals and take their business to the next level with our comprehensive list of unsecured business loans, which can be tailored to suit individual needs.

Eligibility For Unsecured Business Loan

• Individuals eligible for unsecured business loan are self-employed professionals, private limited company, proprietors, public limited company, and partnership firmsrunning trading, manufacturing or services business.
• The Applicant should be at least 21 years of age.
• The Applicant must be in the current business for 3 years and should have an overall business experience of 5 years.
• The business should have a minimum turnover of ₹ 40 lakhs and a minimum annual income (ITR) of ₹ 1.5 lakhs.

*Note: Different banks/financial institutes have different eligibility criteria.

Documents Required for Unsecured Business Loan