Business Loan

What is an Unsecured Business Loan


The growth and sustainability of a business depends on the continuous inflow of funds. The funds might be required to expand the business or purchasing an equipment. The funds can be borrowed in the form of a loan from banks and other financial institutions. Business Loans are typically unsecured in nature which means no collateral or security is required to borrow a loan.

Business Loan is a debt provided to the company or the self-employed professionals or business owners that are to be repaid along with the principal amount. The rate of interest is usually pre-determined by the lending institutions. A Business Loan in India is offered at competitive interest rates, with a low processing fee, and without any security or collateral. Several leading banks and NBFCs including HDFC Bank, ICICI Bank, Capital First, Citibank, Fullerton India, Tata Capital, etc. are offering business loans

Term Loans


Term Loans could be used for business expansion or capital infusion requirement of an organization. Generally, a term loan is the loan offered for the acquisition of long-term fixed assets including land or building, machinery, and other business needs. The interest rate can be either fixed or floating and are usually have a fixed repayment schedule

Special Business Loan Scheme for Women Entrepreneurs


Today banks are offering attractive business loan scheme for women entrepreneurs at a low rate of interest. However, women entrepreneurs who have business ownership of less than 50% are not eligible for special loan schemes.


Working Capital Loans


These types of loans are offered to meet the daily operating expenses of the business. These loans can be further classified as secured and unsecured loans. 


Required Documents For Business Loan


No longer do you have to stifle your creative ideas. With funds at your disposal, you can now Expand your business without hesitation. So the Business Loan (I.T.R Loan) is just few steps ahead of you, follow the following steps and formalities required to get a Business Loan (I.T.R) from us (it’s very easy, just take the Steps??)


Documents Requirement :


⦁ 2 Recent Passport Size Photographs (Valid up to last six month captured)
⦁ Last two month Pay Slip
⦁ Address Proof
⦁ I.D Proof
⦁ Bank Statement of last Three month.


Documents Valid as Address Proof :


⦁ Ration Card
⦁ Electricity Bill
⦁ Mobile Bill
⦁ Land Line Bill
⦁ Passport
⦁ Mool Niwas Patra
⦁ House Tax Slip Water Bill
⦁ Gas Bill etc


Documents Valid as ID Proof :


⦁ PAN Card
⦁ Voter Card
⦁ Driving License
⦁ Job certificate (at present) issued from company in which works
⦁ College Identity Card, Etc.