₹ 2 lakh – ₹ 80 lakh
Check your pre-approved offer and other benefits
Enter mobile and OTP | Check offer | Know your exact loan terms
Collateral-free business loans in India are available for Micro, Small, and Medium Enterprises (MSMEs) and individuals who need money for different purposes. If you run an MSME, you can use these loans to grow your business, manage rising expenses, buy stock, or handle cash flow during slow seasons. These loans are also helpful during medical emergencies or when your insurance doesn’t cover the full amount. Check your business loan eligibility instantly to see how much you can borrow without collateral.
What is a Collateral Free Business Loan?
-
A collateral-free business loan is a financing option where borrowers do not need to pledge assets as security. Lenders approve these loans based on creditworthiness, business performance, and repayment capacity. With Bajaj Finance, you do not need to risk your assets. You can avail of a sizable sanction easily and without any long-winding processing hassles. Our unsecured business loans are easy to apply for using a short and simple online form. All you need to do is meet the simple eligibility criteria and submit minimal documents to enjoy fast approval in just 48 hours*.
Check your pre-approved business loan offer
Features and benefits of collateral-free business loans
-
Flexi perks
Avail of the Flexi facility on the collateral free business loan to reduce EMIs by up to 45%* by paying only interest as EMIs.
Borrow up to Rs. 80 lakh
Use this ample funding for any business-related needs. Moreover, be sure to use the Business Loan EMI Calculator to borrow efficiently.
Easy repayment
Choose a flexible tenure that ranges from 1 year to 8 years for maximum repayment comfort.
Digital tools
Use our online loan account to access your loan statement and manage your EMIs at any time and from anywhere.
Any asset you own, be it personal or business-related, can be used financially. You can use it as collateral and borrow an amount based on its value. This is usually the approach taken when you require a large sum of money, but with the collateral-free business loan from Bajaj Finance, you get collateral free loan.
Types of collateral-free loan for businesses
There are different types of collateral-free loans that businesses in India can choose from:
- Unsecured business loans: These are given without any security, based on the borrower's credit history and repayment ability.
- Business credit cards: These work like regular credit cards and help businesses manage spending, pay bills, and handle cash flow—no collateral needed.
- Invoice financing: The lender gives you money based on your unpaid invoices. You don’t need to provide any security.
- Merchant cash advance: This loan is based on your daily credit card sales and doesn't require any collateral.
- Micro loans: These are small loans given to businesses with little or no credit history, often supported by the government or non-profit groups.
- Personal loans for business use: Some banks and financial institutions offer personal loans that can be used for business purposes without asking for collateral.
Documentation and eligibility criteria for collateral free business loan
-
Age
21 to 80 years*
(*age should be 80 years at the time of loan maturity).Nationality
Indian
Work status
Self-employed
Business vintage
3 years
Credit Score
650 or higher
Documents required for collateral-free business loans
- KYC documents - Aadhaar/ passport/ voter’s ID
- PAN card
- Proof of business ownership
- Other financial documents
Interest rate and fees applicable on collateral-free business loan
How to apply for collateral-free business loan
To apply for the business loans without collateral, simply follow these steps:
- Click on the ‘APPLY' button on this page.
- Enter your 10-digit mobile number and OTP.
- Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
- Once you enter all your details, please click on ‘PROCEED’ to visit the loan selection page.
- Enter the loan amount that you need. Choose from our three business loan variants – Term, Flexi Term, and Flexi Hybrid Term.
- Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
- Complete your KYC and submit your business loan application.
Save time—check your pre-approved business loan offer before applying.
Tips to Increase Your Chances of Approval for Business Loans Without Collateral
-
- Keep a good credit score
- Submit correct and complete documents
- Show a steady source of income
- Reduce your current loans and financial commitments
- Choose a loan amount and repayment period that suits you
- Give collateral or a reliable guarantor, if needed
- Share a practical and clear business plan (for business loans)
- Maintain a clean financial record
- Pay your bills and EMIs on time
- Check your credit report and improve it if required
Get business loan for your needs
Women Business Loan
Get Women Business Loan upto 80 Lakh
Medical Store Business Loan
Get Medical Store Business Loan upto 80 Lakh
Manufacturer Business Loan
Get Manufacturer Business Loan upto 80 Lakh
Our loan variants
Loans for business needs
Select loan by amount
Business loan in different cities
Business loan in bangalore
Business loan in mumbai
Business loan in pune
Business loan in Jaipur
Business loan in Kerala
Business loan for different budgets
2 lakh business loan
3 lakh business loan
5 lakh business loan
10 lakh business loan
15 lakh business loan
20 lakh business loan
25 lakh business loan
30 lakh business loan
50 lakh business loan
Types of business loan
Unsecured Business Loan
Secured Business Loan
Term Loan
Cash Credit
Working Capital Loan
Machinery Loan
Line of Credit
Micro Loan
Merchant cash Loan
Frequently Asked Questions
Overview
Do I need to provide any collateral for a business loan?
Collateral requirements depend on the type of business loan that you are opting for. Some loans, like secured loans, require collateral, while collateral-free loans, such as unsecured loans, do not necessitate assets as security.
What is the maximum amount can I get in a collateral free loan?
With Bajaj Finance, you can get a collateral free business loan of up to Rs. 80 lakh. The final loan amount depends on your creditworthiness, and business financials.
How to get a 50 lakh loan for business without collateral?
- Check your credit score: Make sure you have a good CIBIL score (usually above 700) to improve your chances.
- Choose lenders that offer unsecured business loans: Some banks and NBFCs provide loans without collateral based on your business performance.
- Prepare strong documents: Show steady income, business turnover, profit and loss statements, and GST returns.
- Have a solid business plan: This helps lenders understand your business and repayment ability.
- Apply online or visit lenders: Many lenders offer easy online application with quick approval.
- Consider a co-applicant or guarantor: This can increase your loan eligibility and reduce risk for the lender.
Can I take a business loan without collateral?
Yes, you can apply for a business loan without collateral provided you meet the set eligibility criteria.
Can I get a loan to start a business without collateral?
Yes, you can get a business loan without collateral to start your business provided you meet the set eligibility criteria.
How can SMEs in India get business loans without collateral?
SMEs in India can access business loans without collateral through unsecured loans from banks or NBFCs, government-backed MSME schemes and pre-approved loan offers. Eligibility generally depends on your credit profile, business income, CIBIL Score (typically 650+) and a business vintage of at least 3 years. Eligible borrowers can also explore collateral-free business loans from Bajaj Finance.
Can I get a collateral free business loan with a poor credit score?
A collateral free business loan may be available from some lenders, but Bajaj Finance generally requires a minimum CIBIL Score of 650 for eligible applicants. A lower score can reduce your approval chances or affect the loan terms offered. Before applying for collateral free loans:
- Check your credit report and correct any errors affecting your CIBIL Score for a business loan.
- Clear overdue EMIs and credit card dues to improve your repayment history.
- Keep your credit utilisation below 30% to strengthen your credit profile.
Why do exporters need business loans without collateral in India?
Business loans without collateral help exporters manage pre-shipment expenses, bridge working capital gaps and build inventory without pledging business assets. They are particularly useful because export payment cycles often extend from 60 to 180 days.
- Finance raw materials and production before export payments are received.
- Maintain working capital during long overseas payment cycles.
- Build inventory and meet logistics costs during peak export seasons.
Eligible exporters can consider collateral free loans from Bajaj Finance to support their business cash flow and expansion plans.
More articles
Top 4 ways to get a quick Business Loan
Read More
Personal Loan vs. Business Loan - which should you choose
Read More
How to get the maximum loan amount for your business
Read More
How a business loan is a great source of corporate finance
Read More
Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.