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Get Unsecured Business Loan at Ease!

Elevate your business without financial burdens. Our unsecured loans provide the funds you need.

  • No Collateral Required
  • Quick Approval
  • Flexible Terms

Up to 15 Cr

From 14 Pa*

Tenure upto 60 Months

Unsecured Business Loans

Unsecured business loans are financing options that provide immediate access to capital without requiring collateral. They are a popular choice for businesses in India. They address short-term financial needs as the business advances. However, a lack of machinery, worker payments, pending bills, and the need to buy new stock are just some of the short-term hassles that occur. So, to address these hassles, Terkar Capital facilitates unsecured business loans.

Businesses of all types and sizes in India can apply for an unsecured business loan. This financing option is especially beneficial for MSMEs that often face challenges due to limited financial resources and arrangements.

Key Features of Unsecured Business Loan in India

Unsecured Business loans help businesses cover expenses, from short-term needs like working capital to long-term ones like equipment purchases and business expansion.

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Funding amounts from Rs 25 Lacs to Rs 15 Cr

flexible repayment

Fast Turnaround time (as low as 3-4 days)

Corporate client

Professional Execution

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Smooth Processing

requirements

Simple terms and less paperwork

(*T&C Applied)

Unsecured Business Loan Eligibility

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.
  • business should be operational for at least 3 Years
  • The minimum turnover must be 40 lac INR or 50 lac INR depending on the lending institution.

Unsecured Business Loan Interest Rates Benefits

Unsecured business loans have higher interest rates, but the benefits may outweigh the costs. Faster funding lets you take advantage of opportunities and improved cash flow keeps your business running smoothly. With a strong financial profile, you can negotiate a better rate. Even with a higher interest rate, strategic use of the funds can make unsecured loans a worthwhile investment for growth.

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

Unsecured Business Loans Documents

Unsecured business loans require the documents below.

This is very important, as documentation can be a significant factor in obtaining a UBL facility. However, the length of the process is determined by the availability of documentation.

Owner KYC Documents

  • Adhar Card (complete page)
  • Pan Card
  • Latest Electricity Bill
  • Current Rent Agreement
  • Passport Size Photo
Id document

Business KYC Documents

  • GST Certificate
  • MOA, AOA, Pan Card,
  • Shop Act / Trade License
  • Certificate of incorporation
  • Shareholding Pattern
  • Partnership Deed
  • Current electricity bill and
  • Rent Agreement

(as applicable)

address document

Banking Documents

  • All account Bank statements (For the last 12 months)
  • All current loan sanction letters
financial document

Financial Documents

  • Last 2 years’ complete Financials
  • GST Returns (for last 12 months)

Advantages of Unsecured Business Loans in India

  • 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

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.

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

Terkar Capital's Unsecured Business Loan

We are a leading and specialized unsecured business loan facilitator in India. With flexible repayment options and a streamlined application process, Terkar Capital’s business loans without security get you the funding you need faster, so you can keep your business on the path to success.

We operate from our head office in Pune.  Also, we have our corporate office at BKC, Mumbai. However, Terkar Capital is operational across India catering to the funding needs of businesses of all sizes and types. 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. 

How We Execute Unsecured Business Loan in India?

To facilitate the growth of the company, Terkar Capital works with respective finance institutions and clients. The execution for unsecured funding begins only when both parties have a clear understanding of the situation.

Check your CIBIL score for free.

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Unsecured Business Loan FAQs

The businesses or professionals (CA, Doctor, Architect etc.) that do not have any assets as collateral can go for unsecured funding. The need for such a loan can be related to paying the dues, expansion, reconstruction, and many more. The MSMEs can be more benefited by unsecured loans as the government has established many schemes for the same.

There are no such fixed criteria upon the raising of finance of unsecured loans. Many lenders provide amounts up to 25 lakhs. At Terkar Capital we can raise unsecured funding to 15 Cr as per the borrower’s requirement.

Here is the list of a few of Unsecured Instruments:

  1. Loan under the CGTMSE scheme
  2. Working Capital Loan
  3. Trade Finance
  4. Factoring
  5. Bill Discounting
  6. LC Discounting
  7. Bank Guarantee

Yes. Even small business owners also get unsecured business funding.

An unsecured loan is also known as a quick business loan. This is because the turnaround time to get the funds in your accounts will be as low as 7 working days. Within 7 working days, you will get your loan disbursed.

 

It will strain business cash flows, making it challenging to pay suppliers, employees, or other operational expenses. In severe cases, it may lead to the closure of the business. Defaulting harms your business's reputation with suppliers, investors, and other stakeholders. Also, may lead to a loss of trust and affect future partnerships or contracts.

Terkar Capital is a registered brand of Terkar Global Financial Development Pvt Ltd, an Investment Banking Firm with a national footprint. We work extensively with professionals and businesses of all sizes to arrange debt funding instruments.

Industries We Serve:

IT Company

E Commerce Company

EV Company

Manufacturing Company

Head Office

Castle Eleganza, 103, Bhonde Colony, Dr.Ketkar Road, Erandwane, Pune – 411004, MH-India

Yes@terkarcapital.com

+91 8308629820

Corporate Office

The Capital, Level 7, B-Wing, Plot C – 70, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051.

Mumbai@terkarcapital.com

+91 7414973455

Branch Offices

Nashik | Nagpur | Chhatrapati Sambhaji Nagar | Hyderabad

Operational Presence

Delhi | Bengaluru | Chennai | Kolkata | Ahmedabad | Surat

Growing Nationwide…

Terkar Capital

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© Terkar Capital 2024

CIN – U70200PN2023PTC224016

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