Unsecured Business Loans

Unsecured Business loans are one of the easy and quick business loans available for business owners. Generally, for small business those who do not have collateral available it becomes challenging to raise the finance. Whether you have a small, medium or large turnover unsecured business can justify all your unplanned financial needs.

While running the business there are many certain and uncertain scenarios business owner need to encounter with. Certain scenarios are always planned and arranged to deal with. However, there are many uncertain financial scenarios which comes without prior notice. And it becomes very challenging to deal with it. In such cases, the unsecured business loan is the best option.

Why Terkar Capital?

  • Fast Processing: Unsecured Loan is meant to be for urgency. And we understand this very well. We make sure to disburse the amount within 7 working days.
  • Competitive Rates: We arrange the options for the borrower. And arrange them all best ROI’s from the market.
  • Transparency: We bridge the gap between borrower and lender and We make sure to keep the transparency between both the parties.
  • Professional Approach: We have a highly skilled team with professional experience.

How we work for you

  • Discuss and Understand Financial Requirement: We understand our client 1st. We understand the financial strengths, weaknesses and financial requirement of our client.
  • Provide Tailor-made Solutions: Once we understand the client requirement. We make sure to study the proposal and find out the best solutions from the Indian Economy. We Present all the solutions to our client and help them to choose the right option. Which can justify their present and future financial requirement?
  • Documentation Preparation: Once we decided to go ahead with the option, our relationship manager prepares the documentation and start the execution on the proposal.
  • Lifetime Support: Disbursement is not the end of the process for us. It is the start of a new relationship with our client. We make sure to assist our client at any point of time and at any period of time in the future.

FAQ

What is the maximum amount of loan can I get?

It is being an unsecured loan, most of the financial institutions don’t take loan exposure more than Rs. 50 lacs. However, the turnover and profitability of your business are a few of the major factors to decide the exposure taken by the financial institutions.

How much time does it take to get the loan?

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

How should I repay that loan?

An unsecured business loan is as good as any other loans. Here you can make the repayment in Equated Monthly Installment and can arrange through ECS.

What is Business Loan Eligibility?

As the name states, unsecured business loans come with no security. For the financial institution, in order to take a call for financial exposure, they need to understand your financial track record. This can be understood by your last three years ITR. And Business sales and profit have to keep growing. There should not be any dips into sales and profit should not be negative.

What are the Documents Required For Unsecured Loans?

KYC

  • A copy of PAN Card
  • Proof of Address: (Passport Copy / Aadhaar Card / Electricity Bill / Registered Rent Agreement)
  • Statutory documents: In the case of Proprietary Firm: Shop Act, GST Registration Certificate, Udyog Aadhaar Memorandum, GST certificate other Registrations Applicable.
  • Statutory documents: In the case of Private / Public Limited Company/One Person Company: MOA & AOA, Certificate of Incorporation, Certificate of commencement of business in case of a public limited company, GST Registration Certificate, Shop Act, Udyog Aadhaar Memorandum other Registrations Applicable.
  • Statutory documents: In the case of Partnership Firm: Registered Partnership Deed, In Case of LLP: LLP Agreement, Shop Act, Udyog Aadhaar Memorandum, GST Registration Certificate, and other Registrations Applicable.

Income Documents:

  • Last 3 years Financials (IT Returns, Computation Sheet & Balance-sheet) and Proof of turnover vide latest sales/service tax returns and Invoice / Purchase Order Copy (for the loan against receivables)
  • Last 1-year bank statement of an operative bank account.
  • Details of all existing loans: Sanction Letter and Loan Account Statement for last 1 year.

Unsecured Business Loans can be available for Small Business Financing?

Yes. Even small business owners also get the unsecured business Loan.

What is the tenure of the loan?

An unsecured loan is given for a maximum of 3 years. Your financials and future business can be few of the factors which may help you to extend a further couple of months for the repayment.

For More Details Please contact our Experts

If you have any questions, please do not hesitate to ask us. Please also call us or email us before visiting to make sure that you will be served with our best services.

8308629820
yes@terkarcapital.com