Unsecured Business Loan Service

Elegiblity Crieteria
  • The applicant must be between 21 to 65 years of age.
  • The business should be operational for a minimum of 1 year (some lenders prefer 2-3 years).
  • A minimum annual turnover (varies by lender, usually ₹10 lakhs+).
  • Good credit score (preferably 650 or above).
  • The business must show positive cash flow and repayment capacity.
  • Sole Proprietors, Partnership Firms, Private Limited Companies, and LLPs are eligible.
The documents  required for a Unsecured Business loan includes:
  1. Completed loan application form.
  2. PAN Card (Individual/Business Entity).
  3. Proof of Identity (Aadhar Card, Passport, Voter ID).
  4. Proof of Business Existence (GST registration, Shop Act License, etc.).
  5. Bank statements of the last 6-12 months.
  6. Income Tax Returns of the last 1-2 years.
  7. Business Financials (Profit & Loss Statement, Balance Sheet if required).
  8. Address Proof (Business and Residential).
Loan Tenure
Interest Rates (Range) %
2-5 Years
8-12
5-10 Years
9-14
10-15 Years
10-14
15-20 Years
11-16

What is the maximum amount I can get with an unsecured business loan?What are the different types of project financing?

Loan amounts can vary depending on eligibility, but typically range from ₹50,000 to ₹50 lakhs or more.

Can a new business or startup apply for an unsecured business loan?

Yes, startups can apply. However, lenders usually require some minimum operational history or strong financial backing.

How long does it take to get an unsecured business loan approved?

Most unsecured business loans are approved within 24-72 hours after submitting all necessary documents.

Can I prepay or foreclose my loan?

Most lenders allow prepayment or foreclosure, often with minimal or no charges. It’s best to check specific terms.

Unsecured Business Loan

What is Unsecured Business Loan

An unsecured business loan is a funding solution that does not require you to pledge any collateral. It is designed for businesses needing quick capital to grow, manage cash flow, or seize new opportunities. Approval is based mainly on business performance, creditworthiness, and financial health. Unlike secured loans, there’s no need to risk your assets. Unsecured business loans are ideal for startups and small businesses. They offer flexibility in usage, covering everything from inventory purchases to marketing expansion. Fast processing and minimal paperwork make it a preferred choice. Get the funds you need without putting your assets on the line.

Why Unsecured Business Loan

Unsecured business loans provide quick access to capital without risking your assets. They are perfect for businesses looking to expand operations, hire staff, or manage working capital. No collateral means lower risk for you, and faster approvals mean you can act on opportunities instantly. These loans typically involve flexible repayment options to suit your cash flow. You maintain full ownership of your assets while still growing your business. It’s a smart choice for entrepreneurs and small business owners. Secure funding based on your credit strength, not your collateral. Empower your business growth without financial stress.

What We Offer For Unsecured Business Loan

At Bizfin Services we offer fast, flexible, and hassle-free unsecured business loans tailored to your needs. Our easy application process ensures you get funding with minimal paperwork. We provide competitive interest rates, transparent terms, and no hidden charges. Whether you need funds for expansion, equipment, marketing, or working capital, we’ve got you covered. Our expert team supports you through every step of the loan process. We cater to startups, SMEs, and growing businesses across industries. Get quick approvals and disbursements to fuel your business ambitions. Partner with us for stress-free and reliable unsecured business loans.

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Calculator Disclaimer

The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.

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