Apply Business Loan | Small Business Loans

Unsecured Business
Loan

For small businesses looking to grow big, but no collateral to provide, unsecured businees loan is an ideal choice to avail loan based on cash flows of the business. This can be utilised to operations as well as for capital expenditure.

No collateral Required

Leverage your Equity

Interest Rates

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No collateral Required

To expand your business, there is no collateral, i.e., you do not need to have property. Your property does not become a barrier to getting business loans.

Leverage your Equity

Leverage your equity, scale up your business – purchase of machinery, setting up a new store, or something else.

Interest Rates

While the interest rates are high on account of the loan being unsecured, the rates are much lower than the rate of interest charged on loans availed from informal channels.

Savings resulting from availing such a loan from banks, as against informal channels, is shown in the table below:

Type of Loan	Unsecured Loan from Bank	Unsecured Loan from informal channels
Rate of Interest	15% p.a.	18% p.a.(1.50% p.m.)	24% p.a.(2.00% p.m.)
Loan Amount	Rs 1.00 crore	Rs 1.00 crore	Rs 1.00 crore
Tenor	5 years	5 years	5 years
Monthly EMI (Principal + Interest)	Rs 2,37,899	Rs 2,53,934	Rs 2,87,680
Total Cash Outflow during 20-year tenor	Rs 1.43 crore	Rs 1.52 crore	Rs 1.73 crore
Total Interest payable during 20-year tenor	Rs 0.43 crore	Rs 0.52 crore	Rs 0.73 crore