BUSINESS LOAN

Our loans are unsecured: no collateral is taken. 

An unsecured term loan for businesses that need funds for working capital, inventory, equipment or expansion. No collateral is taken, but guarantees from promoters or directors may be needed. Repaid in fixed monthly instalments.

Loan Amount

Typically ₹10 lakh to ₹50 lakh, and up to ₹1 crore

Interest Rate

Fixed rate of 21% to 35% per annum on the reducing balance, based on your business’s risk assessment. In some cases, based on risk, the rate may go up to 38% per annum. See Interest Rates and Service Charges for all charges.

Tenure

Typically 5 to 15 months, and up to 24 months

Repayment

Fixed monthly instalments (EMI)

Processing and other charges

No processing fee. Late payment charges and other charges are listed under Interest Rates and Service Charges.

Prepayment and foreclosure

Allowed at any time, with no lock-in; charge up to 5% of the principal amount prepaid

Who is eligible

Business owners, proprietors, partnership firms and companies with at least one year in business, and directors or partners who borrow for the business.

The rate offered to you depends on your business size and cash flows, existing EMI obligations, business vintage, profitability, own capital in the business, type of business, promoters and repayment track record. The exact rate, all charges and your total repayment are shown in the Key Facts Statement before you accept the loan.

KYC of the business, its owners or directors and any guarantor; business registration proof; bank statements for the last 6 months; GST returns; and income tax records. The final list is shared at the time of application, and all documents are verified before approval.

1. Contact us or one of our partners, and we will explain the loan and take your application. 

2. We assess your business. 

3. You receive a sanction letter and Key Facts Statement. 

4. Review, sign and receive the loan in your bank account.