Embarking on a new business venture or looking to expand your existing operations, At Bank Loan Bazaar, we understand the power of entrepreneurship, and our business loans are designed to provide the financial support you need to turn your visions into reality. Whether you’re a startup or an established business, our flexible business financing options are here to fuel your success.
Why Choose Us
Streamlined Application: Experience a Paperless Process for Hassle-Free Approvals.
Competitive Rates: Access the Best Interest Rates Tailored to Your Financial Needs.
Expert Guidance: Consult with our financial advisors in every step of your way.
Extensive Network: Choose from 100+ Banks and NBFCs for Maximum Options and Flexibility.
Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.
An unsecured business loan is a financing option that doesn’t require collateral, relying on the borrower’s creditworthiness for approval, making it a quicker and accessible funding solution for businesses.
A secured business loan is a type of financing where the borrower provides collateral, such as assets or property, reducing the lender’s risk and potentially resulting in lower interest rates.
A top-up on a business loan is an additional loan amount provided to existing borrowers offering them extra funds without the need for a new loan application process. The top-up amount is typically added to the existing loan and repaid along with the remaining loan balance
Specifically for purchasing equipment or machinery. The equipment serves as collateral, and the loan term is often aligned with the expected lifespan of the purchased assets.
All loans are not created equal, business loan has become a great option for people to use.
Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a business loan.
Maximum age of applicant at loan maturity: 60 years
Minimum Net Monthly Income: Rs 15,000
Applicant should have the bank specified credit score.
Now apply for a Business Loan online, All you need to do is provide your details below application form.
Explore quick answers to commonly asked questions in our FAQ section to enhance your understanding of our products and services.
An unsecured business loan is a type of loan that doesn’t require collateral, meaning the borrower doesn’t have to pledge specific assets to secure the loan. Typically, small and medium-sized enterprises (SMEs), entrepreneurs, or business owners without substantial collateral can apply for unsecured business loans.
The Interest Rates for Unsecured business Loan can be around 12.50% to 18% in Banks, while 16% to 24% in NBFCs.
Usually the Applicant’s and Co-Applicant’s KYC documents along with Business documents are required to apply for Unsecured Business Loan.
The Tenure for Unsecured Business Loan will range from 12 months to 36 months.
The turn around time will be around 3 to 5 business days from the day of document submission.
If you have an existing unsecured business loan and are seeking better terms or rates, you might explore refinancing options or negotiating with the current Bank/NBFC to modify the terms.
Securing a traditional business loan with a poor credit score is challenging, but alternative lenders may offer options with higher interest rates or collateral requirements.
The loan value can range from 1 Lakh to 5 Crores.