Unsecured Business Loan
Best offer for the Month
Loan Amount
- 3 Lakhs - 40Lakhs
Rate Of Interest
- 16.5%*onwards
Processing Fees
- 2% + GST
*The above rates mentioned are only for limited period. These rates may vary from bank to bank and rates would be solely decided at the discretion of the bank.
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Unsecured Business Loan Overview
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.
Unsecured Business Loan Features and Benefits
- Our expertise to get u the right Banks / Institute to fulfill your requirement.
- Loan repayment in flexible tenures from 12 months up to 60 months.
- No collateral/ guarantor / security required.
- Speedy approvals
- Attractive Rate of Interest
- Special Interest Rate for professional Doctors/ CA & Architect.
- Minimum/Hassle free Documentation.
- Funds available for business expansion, working capital, child's education or home renovation.
- Convenience of doorstep service.
Unsecured Business Loan Process
There are several steps in the Unsecured Business Loan process. Here are the steps in brief:
- Application form & Document submission
- Cibil report check
- Residence verfication
- Office verfication
- Eligibility calculation
- Personal Discussion
- Credit decision
- Signing of agreements and submitting post-dated cheques
- Disbursement
Unsecured Business Loan Eligibility
SELF EMPLOYED INDIVIDUAL
- An Indian Resident
- You should be in business for a minimum of 3 years.
- You should be self employed Minimum 24 to maximum 65 years of age.
- Your current place of residence should be occupied for a minimum of 3 years in the city.
- You should have residence or office owned
SELF EMPLOYED PROFESSIONAL
- An Indian Resident
- You should be in business for a minimum of 3 years.
- You should be self employed Minimum 24 to maximum 65 years of age.
- Your current place of residence should be occupied for a minimum of 3 years in the city.
- You should have residence or office owned
Unsecured Unsecured Business Loan Documents
To qualify for a Unsecured Business Loan, most of the lending institutions in India require you to be:
| Documents | Self Employed Properitorship Firm | Self Employed Partnership Firm | Self Employed Pvt Ltd / Ltd |
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| Application Form With Photograph Duly Signed |  |
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| Clear Pancard Copy, (Applicant & Co-Applicant) | |
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| Clear Aadhar Card Copy, (Applicant & Co-Applicant) | |
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| Latest Residence proof (Applicant & Co-Applicant) | |
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| Latest Office Proof (Applicant & Co-Applicant) | |
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| Last 12 Months Current Account Bank Statements | |
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| All Loan Sanction Letter If Any | |
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| Business Profile | |
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| GST Certificate & GST 3B Copy last 1yrs | |
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| Proof Of Business Existence ( Gumasta License , Sales Tax Certificate , Form 26AS , ) | |
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| Last 3 Years ITR with CA Certified / Audited Balance Sheet And Profit & Loss Account | |
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| MOA / AOA |  |
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| Partnership Deed | |
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| Company Pancard Clear Copy | |
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| Shareholding Pattern On Letterhead | |
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| Sundry Debtor & Creditor List Last 1year | |
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Unsecured Business Loan EMI Calculator
Equated Monthly Installment - EMI for short - is the amount payable every month to the bank or any other financial institution until the loan amount is fully paid off. It consists of the interest on loan as well as part of the principal amount to be repaid. The sum of principal amount and interest is divided by the tenure, i.e., number of months, in which the loan has to be repaid. This amount has to be paid monthly. The interest component of the EMI would be larger during the initial months and gradually reduce with each payment. The exact percentage allocated towards payment of the principal depends on the interest rate. Even though your monthly EMI payment won't change, the proportion of principal and interest components will change with time. With each successive payment, you'll pay more towards the principal and less in interest.
In EMI calculator you will be able to analysis the total output of interest you will be paying. In this mechanism you will be able to know the total EMI paid and the interest payable. In EMI Calculator you can also come to know how much interest you will be paying throughout the tenure. To work effectively on EMI Calculator you must be aware of the Loan Amount and the rate of interest. In EMI calculator you will come to know the total interest paid at the end of the Loan tenure.
If you are not satisfied with the calculator output please call us for a personalized solution for your requirement.
Important information
All applications for credit are subject to Banks normal credit approval criteria. Terms and conditions are available on application of every bank in which loan will be applied.
This is an estimate and it is provided for illustrative purposes only and is based on the accuracy of information provided. It does not constitute a quote. To apply for a loan you must complete an application.
The repayment amount and total interest payable excludes Processing fees and Mortgage Insurance / Life Insurance.
If a Variable Rate Loan is selected, the interest rate will be subject to market change throughout the term of the Loan.
Results are based on amortised scheduled repayments and, once any discount or fixed rate period expires, the current variable rate or the variable rate is applied for the remainder of the loan term (unless another fixed rate period is taken).
Creative Finserve will not store the information provided in this calculator.
Unsecured Business Loan FAQ's
What is the need for a Unsecured Business Loan?
Who are eligible for Unsecured Business Loan?
Who can avail a Unsecured Business Loan?
What all document are required for applying for a Unsecured Business Loan?
What are the process in availing a Unsecured Business Loan?
What are the loan tenure options for Unsecured Business Loan?
How much amount can I borrow in Unsecured Business Loan?
How to apply for and get a Unsecured Business Loan?
How is the interest charged/calculated in Unsecured Business Loan?
What security/collateral do I have to provide in Unsecured Business Loan?
Will an existing loan affect my application for a Unsecured Business Loan?
Who can be the co-applicants for Unsecured Business Loan?
How do I repay the Unsecured Business Loan?
Can I pre-pay my Unsecured Business Loan?
How much time does it take for the disbursement of Unsecured Business Loan?
Should I compare Unsecured Business Loan online?
Should I apply Unsecured Business Loan online?
Who all can apply Unsecured Business Loan online?
What are the drawbacks on applying for Unsecured Business Loan online?
What is Unsecured Business Loan eligibility calculator?
How to get best rate of interest Unsecured Business Loan?
How will I get best rate of interest for Unsecured Business Loan?
What is Unsecured Business Loan EMI calculator?
How can I get personalized solution through Creative Finserve for my Unsecured Business Loan?
How to choose the right bank for my Unsecured Business Loan?
How I will come to know whether my Unsecured Business Loan is sanctioned or rejected?
What is preapproved Unsecured Business Loan?
Is Balance Transfer of Unsecured Business Loan suggested?
We understand that expanding and growing your business is the dream of every entrepreneur. At times, you may require an urgent flow of finance to fuel the growth of your enterprise. At Creative Finserve we believe that you need appropriate finance based on the nature and goals of your business. Whether you are looking to expand your business or want to meet your working capital and trade finance needs, business loan is the best option. Choose from a range of options which are flexible to match most of your business needs, get the Business Loan availed for your business growth.
The general factors taken into account while determining the eligibility of Unsecured Business Loan are listed below:
1. Age (Min. 21 Year)
2. Maximum 58 age at time of closure of the loan for the salaried.
3. Maximum 65 age at time of closure of the loan for the self employed.
4. Total work / business Experience 3 yrs
5. Indian resident
Following are the list who can avail for Unsecured Business Loan which is as follows:
• Self Employed Individuals/Professionals
• Proprietorship Firms
• Partnership Firms
• Private Limited Companies
Following are the list of the documents required for Unsecured Business Loan:
• Identity Proof
• Address Proof
• Bank Statement (Latest 12 months)
• Last 3 yrs ITR along with other relevant docs like Balance Sheet, P&L, Audit Report (Certified by a CA)
• Business proof
The process involved in availing the Unsecured Business Loan is as follows:
• Application
• Processing
• Documentation
• Sanctioning of the Loan
• Disbursement
Business Loan generally is available for 1year to 3 Years. But some Banks and NBFC's give it for 5 years.
It mainly depends on your financial profile, credit reputation, the purpose of borrowing the loan and your loan repayment ability. Lenders evaluate these factors to consider what the amount of a Unsecured Business Loan should be.
You just need to visit our website to upload the documents or call our professionals for your Unsecured Business Loan. Creative Finserve Gives you personalize solution & helps you to meet your financial requirement.
In Business Loan interest is calculated on a monthly reducing basis which means interest is calculated on outstanding principal amount after payment of each installment.
In Unsecured Business Loan no security/collateral is required. This is totally unsecured form of lending where your eligibility is calculated on basis of your income.
For any loan your eligibility and credit history is taken in to consideration. So in Unsecured Business Loan Your eligibility is calculated as per your income and the existing loan (obligation).
Any individual who has the ability to repay the loan as per the bank standards residing in the same city can be taken as co-applicant. This requirement varies from case to case and our sales team would help you out.
In Unsecured Business Loan you can pre-pay the loan after repaying a min. of 6 EMI's to 12 EMI's. Foreclosure charges would be applicable as per the banks term and condition.
In Unsecured Business Loan you can pre-pay the loan after repaying a min. of 6 EMI's to 12 EMI's. Foreclosure charges would be applicable as per the banks term and condition.
In Unsecured Business Loan the disbursement takes Approx 10 working days after all the documents are submitted. Since it is unsecured form of lending it does not require valuation and legal and hence the process is very fast.
Comparing Unsecured Business Loan online depends on many factors such as your income, your obligation (existing loan) etc. In online approach you will get general comparisons while you can get a personalize solution from Creative Finserve, which will help you with the best rate of interest and services for Unsecured Business Loan.
There is no process for applying online Unsecured Business Loan unless and until you have a relationship with the same bank. Mandatorily you need to submit relevant documents and sign the application form to complete the formalities. Creative Finserve gives you a personalized solution for Unsecured Business Loan, so why to confuse yourself with online approach if you can get better rate of interest and maximum eligibility through Creative Finserve.
Customers having online banking can approach their respective banks for Unsecured Business Loan through net banking and get information about Business Loan. Appling online Unsecured Business Loan will give you information of your bank, and if you apply through us you will get information about other banks for better rate of interest, foreclosure charges, tenure and processing fees.
Appling online Unsecured Business Loan will give you information about particular bank. And if you apply through us our professionals will get exciting offers from other banks for better rate of interest, foreclosure charges, tenure and processing fees.
Unsecured Business Loan eligibility calculator is a mechanism where you can calculate your Business Loan eligibility by sharing your information such as your income and existing loan. This loan eligibility calculator cannot get you the exact loan amount so we recommend you to get in touch with our professional team to serve you better.
Rather than hunting in the market or approaching unprofessional consultants for better offers, give your few details and upload your few documents and get a personalized solution for your Unsecured Business Loan for better rate of interest in few minutes from our professional team.
Since Creative Finserve has immense experience and tied up with all multinational and private banks, we would be able to guide you and give you the best deal available inUnsecured Business Loan.
Business Loan emi calculator is a process where you will be able to come to know the exact Unsecured Business Loan emi (installments) which includes principal and interest component according to your requirements.
We professional at Creative Finserve puts our best effort to give you a complete personalized solution. We take the pain of coordinating with various banks for you to give the best offer and service available in Business Loan.
Choosing a right bank for Unsecured Business Loan is a cumbersome process, Creative Finserve guides you properly according to your requirements and gives you a personalize solution for your Unsecured Business Loan.
Once your Unsecured Business Loan is sanctioned or rejected you will get a sms alert or call from the bank and if you have applied through us we will coordinate with the respective banks and inform you.
If you are a account holder or a credit card holder with multinational or private banks with good track record and healthy transactions banks might offer you a preapproved Unsecured Business Loan. Sometimes preapproved loans are costlier affair because banks offer you at higher rate of interest, so we recommend you to call us or upload your documents for personalized solution to get best offers on Unsecured Business Loan available in the market.
It depends upon the current rate of interest of your existing Unsecured Business Loan as against the rate of interest available in the market. We recommend you to compare both the offers in our loan comparison calculator or else call us to get a personalized solution for your Unsecured Business Loan.
