Features and benefits

  • Easy repayment options

    Easy repayment options

    This loan gives you the option to pick a comfortable tenor that ranges up to 84 months.

  • Flexi facility

    Flexi facility

    For added financial flexibility, you can opt for the Flexi loan facility. This allows you to reduce EMI outgo by up to 45%*.

  • Personalised loan deal

    Personalised loan deal

    To expedite loan processing and avail of special terms, check for a pre-approved loan offer by sharing basic details.

  • Online loan management

    Online loan management

    Access key loan information such as loan statements and manage your EMIs digitally with the online customer portal.

Unsecured business loans have an attractive advantage over secured loans in that you do not have to provide collateral to avail of them. This means that taking an unsecured loan in India for business expenses helps safeguard your assets. In addition to this benefit, an unsecured business loan comes loaded with several attractive features.

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Eligibility criteria and documents required

  • Age

    Age

    24 to 70 years*
    *Age should be 70 at loan maturity

  • CIBIL score

    CIBIL score

    685 or higher

  • Work status

    Work status

    Self-employed

  • Nationality

    Nationality

    Indian

  • Business vintage

    Business vintage

    At least 3 years

You will need the following documents to apply:

  • KYC documents
  • Proof of business ownership
  • Bank statements of the previous months
  • Other financial documents

Interest rate and charges

We ensure 100% transparency with all fees and charges applicable to our loans. Refer to the following table for the interest rate and a breakup of a few fees you may have to pay.

Fee type

Charge applicable

Rate of interest

17% p.a. and onwards

Processing fees

Up to 2% of the loan amount (plus taxes)

Bounce charges

Up to Rs. 3,000 (Inclusive of taxes)

Penal interest

2% per month

Document processing charges

Rs. 2,360 (plus taxes)

Outstation collection charges

Not applicable

Document/statement charges

Download loan documents at no additional cost by logging into the customer portal – Experia.

You can also get a physical copy of your documents from any of our branches at a charge of Rs. 50 (inclusive of taxes) per statement/letter/certificate.

How to apply

  1. 1 Click on ‘APPLY ONLINE’ to open the online application form
  2. 2 Enter your basic information and input the OTP sent to your mobile number
  3. 3 Fill in your personal and business information
  4. 4 Upload the bank statement for the last 6 months and submit your application

Our representative will call you once you’ve applied for loan processing assistance.

*Conditions Apply

**Document list is indicative