Unsecured Business Loans

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Unsecured business loans are a popular choice for businesses in India. It addresses short-term financial needs as they advance. However, Lack of machinery, worker payments, pending bills, and buying new stock are just some of the short-term hassles that occur. So, to address these hassles, Terkar Capital facilitates unsecured business loans.

The UBL facility is accessible to businesses of various types and sizes in India. This type of financing often presents a challenge for small and medium-sized businesses that lack adequate financial resources and arrangements.

Key Features of Unsecured Business Loans

Eligibility to avail Unsecured Business Loans

The eligibility depends on the lending firms or their usual way of conduct. So, most of the time, the eligibility criteria for obtaining a business loan against collateral are kept similar by the financial lending institutions, As –

A CIBIL score of over 720 is required in most cases.
The ages of the applicants must be between 25–55. Again, this does not apply to all financial institutions.
The minimum turnover must be 40 lac INR or 50 lac INR depending on the lending institution.

Interest Rate Benefits

There are generally two types of interest structures. They are fixed interest rates and floating interest rates. In a fixed interest rate structure, the amount of EMI remains constantly the same. On a floating interest rate structure, the interest is calculated on the balance amount.

Documents Required to get Unsecured Business Loans

Aadhar card
PAN card
Driving license
Voter ID
Passport, etc.

Ration Card
Electricity Bill
Lease Agreement
Trade License
Passport
Tax Invoices, etc.

Bank Statements
CIBIL
Business Bank statements
Asset Counts, etc.

Just like any other financial transaction, obtaining an unsecured business loan requires a few documents. This is very important, as the documentation can be a significant factor in the success of obtaining a UBL facility. However, The length of the process is determined by the availability of documentation. Thus, essential documents for unsecured business loans:

Advantages of Unsecured Business Loans

Requires minimal documentation
Quick approval
No collateral is required, as the name suggests
You can get an edge with a good credit score
Justifies the short-term fund requirement

Learn, How Unsecured Funding for Business Can Help Your Business Succeed.

Why choose an Unsecured Business Loans?

It helps with day-to-day operational financial needs, such as asset renovation and vendor payments.
Businesses can this facility to address unexpected financial circumstances, such as economic downturns or new taxation systems.
UBL can be used for short-term needs or long-term goals.
It is a business-friendly option that can help companies avoid debt and repay loans smoothly.
The UBL facility helps businesses grow and pay off loans.

How Terkar Capital facilitate Unsecured Business Loan?

Terkar Capital is a financial development firm, that facilitates business loans without security of all types or sizes. We are a leading and specialized unsecured business loan facilitator in India.

We operate from our head office in Pune. And also from our corporate office at BKC, Mumbai gives us operational reach nationwide. Our executives are trained to expedite the process and assist with documentation. Thus, the borrower will be fully informed about the loan procedure, including the repayment plan. The execution for unsecured funding begins only when both parties have a clear understanding of the situation.

Let’s understand how we execute unsecured business loan from the case study.

How do we Execute?

Here’s the execution process to avail of unsecured business loans smoothly at Terkar Capital.

What sets us apart?

1. Fast Turnaround Time

We cordially track the deadlines and make our quality tangible, while executing finance projects well ahead of time.

2. Confidentiality

We comply with the highest professional confidentiality standards. All client information is discussed in strict confidentiality.

3. Competitive ROI

We find you the right lenders with similar terms and the lowest rate of interest.

4. Hassle-free Processing

We create a stable ownership structure for financiers by establishing a secure transaction process.

5. High Level of Integrity

We are building our reputation through reliability, integrity, and honesty. We connect to our clients on personal grounds that include transparency and liability.