UPF (Kapital Tech)
Interest Rate 14%-24%
1 -1.5 Years
Loan Amount 3L - 50L
Processing Fees 2%
Tenor 1 -1.5 Years

HDFC BANK
Interest Rate 15% - 19%
3 Years
Loan Amount 1L - 50L
Processing Fees 2% + S.T
Tenor 3 Years

STANDARD CHARTERED BANK
Interest Rate 16% - 17%
3 Years
Loan Amount 1L - 75L
Processing Fees 2% + S.T
Tenor 3 Years

AXIS BANK
Interest Rate 16% - 18%
3 Years
Loan Amount 1L - 50L
Processing Fees 2% + S.T
Tenor 3 Years

CITIBANK NA
Interest Rate 16% - 17%
5 Years
Loan Amount 1L - 25L
Processing Fees 1%
Tenor 5 Years

Aditya Birla
Interest Rate 16% - 22%
3 - 4 Years
Loan Amount 1L - 1Cr
Processing Fees 2% + S.T
Tenor 3 - 4 Years

Edelweiss
Interest Rate 17% - 21.50%
3 - 4 Years
Loan Amount 1L - 40L
Processing Fees 2% + S.T
Tenor 3 - 4 Years

ICICI BANK
Interest Rate 17.50%
3 Years
Loan Amount 1L - 40L
Processing Fees 2% + S.T
Tenor 3 Years

TATA CAPITAL
Interest Rate 18% - 21%
3 Years
Loan Amount 1L - 60L
Processing Fees 2% + S.T
Tenor 3 Years

MAGMA FINCORP
Interest Rate 18% - 19%
3 Years
Loan Amount 1L - 1Crs
Processing Fees 2% + S.T
Tenor 3 Years

KOTAK MAHINDRA BANK
Interest Rate 18% - 19%
3 Years
Loan Amount 1L - 75L
Processing Fees 2% + S.T
Tenor 3 Years

FULLERTON INDIA
Interest Rate 18%
3 Years
Loan Amount 1L - 50L
Processing Fees 1.5% + S.T
Tenor 3 Years

RBL BANK
Interest Rate 18% - 21%
3 Years
Loan Amount 1L - 35L
Processing Fees 2% + S.T
Tenor 3 Years

DEUTSCHE BANK
Interest Rate 18%
3 Years
Loan Amount 1L - 50L
Processing Fees 2% + S.T
Tenor 3 Years

HDB
Interest Rate 18% - 18.5%
3 Years
Loan Amount 1L - 20L
Processing Fees 2% + S.T
Tenor 3 Years

Neogrowth
Interest Rate 18% Flat
2 Years
Loan Amount 1Cr - 1.5Cr
Processing Fees 2% + S.T
Tenor 2 Years

Interest Rate 18% - 20%
1.5 Years
Loan Amount 5L - 75L
Processing Fees 2%
Tenor 1.5 Years

Interest Rate 18% - 32%
1 Years
Loan Amount 1L - 20L
Processing Fees 2%
Tenor 1 Years

CAPITAL FIRST
Interest Rate 18.80% - 21%
3 Years
Loan Amount 1L - 75L
Processing Fees 2% + S.T
Tenor 3 Years

BAJAJ FINSERV
Interest Rate 19% or 16%
4 Years
Loan Amount 1L - 40L
Processing Fees 2% + S.T
Tenor 4 Years

SHRIRAM CITY
Interest Rate 21%
3 - 4 Years
Loan Amount 1L - 1Cr
Processing Fees 2% + S.T
Tenor 3 - 4 Years

ZIPON-BLUE JAY FINLEASE LTD
Interest Rate 24%-28%
2 Years
Loan Amount 1L - 50L
Processing Fees 3% + S.T
Tenor 2 Years

Learn More About Unsecured Business Loan
The term Business Loans is fairly generic and there is a vast spectrum of the different types of finance options that a business can access. However, in the current context, under Business Loans we are largely referring to unsecured income-based loans for self-employed individuals or companies.

Unsecured business loans have no requirement for a security or collateral to be submitted and are offered purely on the current financial strength and past credit record of the borrower.

Such loans can extend from Rs. 50000 to Rs. 3crores and have a repayment period of 1-5 years. They are ideal for businesses looking at funds for capital expenditure, business development, expansion, short-term cash flow mismatches etc.

They are not as flexible as overdrafts and other credit lines which usually support day-to-day working capital requirements but given the unsecured nature of the product, they are relatively easy to avail with simple paper work and speedy processing. Most importantly the borrower does not need to lock in any asset or security as collateral. However, that also means that Business Loans are usually costlier than other forms of secured business finance.
Your eligibility is determined after looking at the following:
  1. Last 2-3 years business financials
  2. Years in business and current level of business activity
  3. Nature of the industry the business operates in and how that industry has fared in recent times
  4. The current level of obligations of the borrower i.e. the other installments (EMI’s), credit limits and other types of finance the business entity may have
  5. The borrowers credit history
  • Determine your Loan requirement and your eligibility - This differs from lender to lender and depends on various factors like your age, income, profile, past credit performance etc.
  • Apply for the Loan with the lender of your choice by filling the application form of the lender and provide all requisite documents. Our team will meet you at your convenience and help you choose the lender best suited for your requirements, completing all documentation requirements and getting your application logged in with the lender. All this at NO COST to you as our partner banks pay us for our efforts in this regard.
  • Verification/Credit Appraisal Process - The lender will verify the information and documentation provided along with checking your credit history. The lender can also ask for additional documents.
  • Accept the terms and conditions of the approved business loan before proceeding to the next step.
  • Sign the Loan Agreement and provide repayment instructions.
  • Loan Offer letter - Post submission of all requisite documents and completion of the credit appraisal process, the lender sends an offer letter with details like loan amount, tenure, rate of interest and other terms and conditions.
  • Disbursal of Loan- Our Personal Loan specialist will assist you all the way. No need to worry, as we are just a phone call away at all times. We will be happy to hear from you even after the loan has been disbursed, if you would like any help or clarification regarding your loan.

Oops! Sorry!

Based on the information you provided, we were unable to find a suitable offer from any of our banking partners.