• 9863020202    
  • contact@financeseva.in

Unsecured Business Loan @ 13.50% Onwards

• Maximum tenure 36 months • Overdraft facility is available • Simplified documentation process
Enquiry Form
Unsecured Business Loan
Bank Name Interest Rate Range (%) Processing Fee (%) EMI Range Maximum Tenure (Month)
LoanTap
20.00%
2 %
0
36
Davinta Financial Services
24.00%
2 %
0
36
Deutsche Bank
18.00%
2%
0
36
Fullerton India Private Limited
19.00%
2%
0
36
ashv finance
20.00%
2%
0
36
HDFC Bank Ltd
17.00%
2%
0
36
Hero FinCorp Limited
19.00%
2%
0
36
ICICI Bank Ltd.
17.00%
2%
0
36
IDFC First Bank
18.00%
2 %
0
36
loan frame
19.00%
2 %
0
36
capital float
25.00%
2 %
0
36
Indifi Technologies Private Limited
23.00%
2 %
0
36
17.00%
2 %
0
36
Axis Finance Limited
19.00%
2%
0
36
RBL Bank Ltd.
18.00%
2 %
0
36
Standard Chartered Bank
15.00%
2 %
0
36
Tata Capital Financial Services Limited
19.00%
2 %
0
36
YES Bank Ltd.
18.00%
2 %
0
36
SMC finance
19.00%
2%
0
36
Axis Bank Ltd.
18.00%
2%
0
36
Federal Bank Ltd.
18.00%
2%
0
36
Aditya Birla Finance Limited
18.00%
2 %
0
36
18.00%
2 %
0
36
Edelweiss Finance
22.00%
2%
0
36
Neogrowth
22.00%
2 %
0
36
Growth Finance
25.00%
2 %
0
36
Bank Name Min Interest Rate
LoanTap

20.00%

Davinta Financial Services

24.00%

Deutsche Bank

18.00%

Fullerton India Private Limited

19.00%

ashv finance

20.00%

HDFC Bank Ltd

17.00%

Hero FinCorp Limited

19.00%

ICICI Bank Ltd.

17.00%

IDFC First Bank

18.00%

loan frame

19.00%

capital float

25.00%

Indifi Technologies Private Limited

23.00%

17.00%

Axis Finance Limited

19.00%

RBL Bank Ltd.

18.00%

Standard Chartered Bank

15.00%

Tata Capital Financial Services Limited

19.00%

YES Bank Ltd.

18.00%

SMC finance

19.00%

Axis Bank Ltd.

18.00%

Federal Bank Ltd.

18.00%

Aditya Birla Finance Limited

18.00%

18.00%

Edelweiss Finance

22.00%

Neogrowth

22.00%

Growth Finance

25.00%

₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by Unsecured business loan Eligibility Criteria?

Don’t have any collateral or assets to pledge, no worries while this type of facility allow you to get loan without providing any collateral. Get loan at attractive interest rates with flexible tenure, As well as the process is easier to obtain. You just need to check eligibility before proceeding further.

Unsecured business loan Eligibility Criteria

There are some eligibility criteria you are required to have a look before applying for loan -

  • • Applicant age should be in-between 25 to65 years
  • • Your business should have minimum 3 years of continuity
  • • You must filed ITR at least for the last 1 year
  • • Positive cash flow out of operations in the organization
  • • Business turnover must be audited by registered chartered accountant

Note: - You can get minimum 1 Lakh to maximum 5 Cr as a loan amount.

What are the factors generally affecting Unsecured business loan Eligibility Criteria?

There are Top factors that generally affects loan Eligibility Criteria as given below-

Bad cash flow of company: - Usually, lender check your business liability & outstanding as it reflects the creditworthiness of company, if it seems like bad cash flow having then probably chances get lower.

Low credit rating: - Credit rating indicate company repayment capability as it consists of your past financial history of doing payments, have you recently missed any payment to do or made after the due date are the reason behind lowering credit rating which present a bad repayment capability & reduces the chances of getting loan.

What are the ways to increase unsecured business loan eligibility?

To increase business loan eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.

Business profitability: - Lenders want to know whether business gone through profit or loss in recent year to make sure your repayment stability as if your business generates sales & getting better revenue in past recent year, then it would be the plus point to fund you as the risk level seems NIL.

Good background of promoters: - In approving a business loan application, promoter background plays an important role in evaluating his/her past history, is there any criminal black mark having or not, If not then your chances increase her itself to be eligible.

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. Photographs 2
  2. PAN Card Copy
  3. AADHAR CARD + PASSPORT
  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  5. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  6. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  7. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  8. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  9. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  10. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PHOTOGRAPH BOTH
  2. PAN CARD CLEAR COPY PROPRIETOR.
  3. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
  4. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  6. LAST 1 YEAR GST RETURN COPY
  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
  10. . 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  11. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  12. AGREEMENT TO SELL COPY
  13. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  1. PHOTOGRAPH PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  4. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST Return last 1 years
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
  14. Agreement To Sell copy
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  3. ADDRESS PROOF – COMPANY AND DIRECTORS.
  4. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM
  6. ORDER IN HAND AND COMPLETE COPY (if applicable)
  7. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
  8. 1 YEAR GST RETURNS
  9. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  10. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  11. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  12. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  13. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  14. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  15. AGREEMENT TO SELL COPY
  16. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently Asked Questions

What is a business loan?

Business loan is a kind of financing you can avail to meet the urgent needs of your growing business.

If you need funding to expand your existing business, buy machinery, or boost production, look no further than a Finance Seva.

Avail financing at attractive interest rates, borrow capital without pledging any of your assets, and get access to credit that can be repaid over a specific period of time.

 

 

Why take out a business loan?

These different financing options are used to support different aspects of the business. A business loan is often used to support working capital (or the business expenses) and can contribute to a business's goodwill – the difference between a company's total value and the value of its assets.

When putting together your business plan, you need to set a budget for all predicted expenses - try our free business calculator.

What are the types of loans I can apply for?

There are 2 types of business loans that we at Finance Seva offer-

·         Business Loans for retailers/Shops/Merchants using debit/credit card swipe machine.

·         Business Loans for Online Sellers who are selling on marketplaces/have their own e-commerce stores.

What is the minimum business loan amount that I can avail?

We at Finance Seva provide business loan amount starting from Rs.2 Lakh.

What is the maximum tenure of business loans at Finance Seva?

Our loans can extend from 6 months to 36 months depending on the type of loan extended to you and your business performance.

What process does Finance Seva follow after I apply for a finance loan?

We assure you of a hassle free experience at Finance Seva. Our executive will contact and visit you at your convenience to start the loan application process. Once you submit all the requisite documents, we will verify and do a credit check of your business. Post sanction, we will disburse your loan directly into your account within 24- 48 hours*.

If I sell through retail outlet using POS machine and online, can I get loan from Finance Seva?

Yes. We at Finance Seva have a lot success stories where we have given loans to businesses who do both online and retail sales. We verify your retail and online business performance and accordingly extend a loan which is combination of both. The advantage is that you get a loan of higher amount and longer tenure.

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CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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