Features and benefits
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Easy repayment options
This loan gives you the option to pick a comfortable tenor that ranges up to 96 months.
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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%*.
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Personalised loan deal
To expedite loan processing and avail of special terms, check for a pre-approved loan offer by sharing basic details.
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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.
Eligibility criteria and documents required
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Age
24 years to 70 years years*
(* Age should be 70 years at the time of Loan Maturity)
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CIBIL score
685 or higher
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Work status
Self-employed
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Nationality
Indian
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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 |
9.75% - 30% p.a. |
Processing fees |
Up to 3.54% of the loan amount (Inclusive of Applicable Taxes) |
Bounce charges |
Rs. 1,500 |
Penal interest |
Delay in payment of Monthly instalment shall attract penal interest at the rate of 3.50% per month on the Monthly Instalment outstanding, from the respective due date until the date of receipt of Monthly Instalment. |
Document processing charges |
Rs. 2,360 (Inclusive of applicable taxes) |
Outstation collection charges |
Not applicable |
| Document/ statement charges | Download loan documents at no additional cost by logging into the customer portal – My Account. 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 Click on ‘APPLY ONLINE’ to open the online application form
- 2 Enter your basic information and input the OTP sent to your mobile number
- 3 Fill in your personal and business information
- 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
