Unsecured Business Loans

An Unsecured Business Loan is a type of loan, which is offered by different types of Banks, NBFCs and financial Institutions and can be availed by business owners, self-employed professionals, non-professionals, MSME units, and other business entities. The loan amount is usually meant for business expansion purposes, to meet working capital requirements, to enhance cash flow, buy equipment/machinery, stock inventory, pay rent, hire/train staff, etc.

Such unsecured loans will be sanctioned without any collateral securities from the borrower, and will be sanctioned based on credit worthiness, financial stability, credit history and repayment capability of the borrower.

The loan amount, rate of interest, loan repayment period, other fees & charges will vary from customer to customer and from bank to bank.