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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 unsecured business loans. This financing option is especially beneficial for MSMEs that often face challenges due to limited financial resources and arrangements.

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Unsecured Debt Instruments

Unsecured Business Loans
Unsecured Working Capital
CGTMSE Loan
Bill Discounting
Factoring Finance
LC Discounting
Bank Guarantee
Trade Finance

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)

Advantages of Unsecured Business Loans

  1. Requires minimal documentation
  2. The application process tends to be quicker and less complicated
  3. No collateral is required, as the name suggests
  4. You can get an edge with a good credit score
  5. UBL build a business’s credit profile, especially if repayments are made on time
  6. Justifies the short-term fund requirement

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.

Here’s a Guide to Obtaining an Unsecured Business Loan without hassle.

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 without collateral are kept similar by the financial lending institutions, As –

  1. The applicants must be between 25 and 55 years old. Again, this does not apply to all financial institutions.
  2. A CIBIL score of over 720 is required in most cases.
  3. Financial Institutions typically require proof of income and detailed financial statements to assess a business’s financial health.
  4. Lenders prefer to work with established businesses that have a track record of success. Hence, the Business should be operational for at least 3 Years
  5. The minimum turnover must be 40 lac INR or 50 lac INR, depending on the lending institution.

Let’s schedule a brief call to discuss unsecured business loans for your business!!

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Unsecured Business Loans Documents

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. Here’s the list:

Owner KYC Documents

  1. Adhar Card (complete page)
  2. Pan Card
  3. Latest Electricity Bill
  4. Current Rent Agreement
  5. Passport Size Photo

Business KYC Documents

  1. GST Certificate
  2. MOA, AOA, Pan Card
  3. Shop Act / Trade License
  4. Certificate of incorporation
  5. Shareholding Pattern
  6. Partnership Deed
  7. Current electricity bill and
  8. Rent Agreement

Banking Documents

  1. All account Bank statements (For the last 12 months)
  2. All current loan sanction letters

Financial Documents

  1. Last 2 years' complete Financials
  2. GST Returns (for last 12 months)

Why choose an Unsecured Business Loans?

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

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How Do We Execute?

1. Understanding Client's Requirement

A tailored funding solution based on a thorough evaluation of the client’s business goals and financial requirements.

2. Analysing the Strengths and Opportunities

Leverage the client's financial and operational strengths to optimize their funding prospects.

3. Documentation

Ensuring meticulous preparation of all necessary documents to facilitate a seamless funding process.

4. Identifying the Right Financial Product

Recommending the most suitable financial product to align with the client’s specific goals and requirements.

5. Soft Approval From Financial Institutions

Securing preliminary approval from financial institutions based on the client's profile and funding needs.

6. Actual Submission of the Documents

Submitting all finalised and verified documents to the financial institution for formal processing.

7. Disbursement

Coordinating with financial institutions to ensure timely release of funds.

8. Funding As Required

Providing funds customised to the client’s operational or expansion needs, ensuring business growth.

Check your CIBIL score for free.

Client Feedback

What our clients think about us?

N Nihalani
N Nihalani
☆☆☆☆☆

We have had a smooth experience with all our capital arrangements facilitated via Terkar Capital so far. Its very comforting to work with people as professional and straightforward as Vishal and the rest of his team. Thanks for everything.

C Sonawane
C Sonawane
☆☆☆☆☆

Thank you Terkar Capital for processing my business loan in just a few working days. Very professional & skilled team. They understood my requirements to a level that were beyond my expectations from any lending company. I strongly recommend Terkar Capital.

24th Mile
24th Mile
☆☆☆☆☆

We are very thankful to Terkar Capital for your efforts in arranging facility. Their approach is very simple, professional, and fast! The team is highly responsive that executed the process in short span of time without any hassles. Great work... Thank you!

M Dwivedi
M Dwivedi
☆☆☆☆☆

I got an unsecured business loan within 7 working days .their specialized experts verfied all the documents and granted me the loan .getting a business loan from terkar capital is the easiest way to get a loan.

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.

Financial Products

Unsecured Debt Funding

Secured Debt Funding

Professionals Funding

CGTMSE Loan

Machinery Loan

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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

In Association with:

MSME Global Mart | MCCIA

© Terkar Capital 2024

CIN – U70200PN2023PTC224016

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All formal communication from Terkar Capital will be conducted exclusively through our designated official emails. Do not respond to fraudulent calls or emails claiming to be from Terkar Capital. Contact us using the official coordinates!!

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