Products & Services
Unsecured Business Loan
Rs 1 / yearGet Latest Price
|Documents||Address Proof, Bank Statement last 6 months, Identity Proof, Pan Card|
|Loan Duration||3-5 Years|
Unsecured Business Loan are available to small and medium enterprises for all your working capital needs. Capital is a vital component for the success of commerce today. Irrespective of whether a firm is in proprietorship or big organization, finance holds the key to its development, and managing finance is certainly not a child's play. Keeping all in this mind several institution have come up with Unsecured Business Loan to help budding and existing entrepreneurs. If one is not having the finances at that time, he might well opt for a Unsecured Business Loan which is designed specifically to fulfill urgent business requirements. These loans not only help in expanding a business, but also play a vital role in modernizing and improving small as well as medium scale business.
Unsecured Business Loan is similar to a personal loan, but is specifically designed for business use. With Unsecured Business Loan, you are lent a certain sum of money over a period of years, and the interest rate and monthly payments are fixed over the term.
Some Unsecured Business Loan providers offers to short-term finance. In addition, some providers specialize in Unsecured Business Loans, while others focus on start-up business loans for new businesses. Unsecured Business Loans can help with cash flow, and help to tide you over when times are tough by offering access to short-term finance. Other loans can help you borrow over a longer period - if, for example, you need to pay for one-off business expenses, or to fund expansion plans.
Unsecured Business Loans can prove vital when managing the demands of employees, clients and cash flow for a smaller business. With some types of Unsecured Business Loans, you can set out how much you want to borrow and for how long. Some offer flexible repayment options, while others come with no early repayment fees.
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Rs 1 Lakh / MonthGet Latest Price
|Repayment Duration||60 month|
|Approval Duration||24 Hours|
|Bank Type||Bank, Individual Lender|
Unsecured Personal Loan is issued and supported only by the borrower's credit worthiness, rather than by a type of collateral. An Unsecured Personal Loan is one that is obtained without the use of property as collateral for the loan. Borrowers generally must have high credit ratings to be approved for an Unsecured Personal Loan.
Because an Unsecured Personal Loan is not guaranteed by any type of property, these loans are bigger risks for lenders and, as such, typically have higher interest rates than secured loans (such as a mortgage). Although the interest rates are higher, the rates may still be lower than those of credit cards. Unlike mortgage loans, the interest on an Unsecured Personal Loan is not tax deductible.
An Unsecured Personal Loan may be a good option for individuals who do not have enough equity in their homes to be approved for a home equity loan. An Unsecured Personal Loan may have a fixed interest rate and be due at the end of a specified term, or it can exist as a revolving line of credit with a variable interest rate. You can use Unsecured Personal Loan as per your convenience without being monitored for the actual end usage.
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