Unsecured Business Loan
Introduction
Unsecured Business Loans are the loans which does not require any property as collateral for the loan. This loan solely depends on the creditworthiness of the borrower. Business loans are the loans provided to you on behalf of your business idea. Unsecured business loan is similar to a personal loan.This loan helps for a start-up or for the expansion of an existing business. This loan is specially designed to meet all the business requirements.
Unsecured funds do not run on a term or a fixed end date. You do have to meet certain sanction rules. Payments should be made as per the agreed terms. By recognizing these terms it gives you access to unsecured loans as per your need. In these loans, financial institute always looks for the source of income and other financial resources. Because it gives a guarantee to that financial institution regarding the payment.
Unsecured loans can be somewhat similar to Credit card purchases, personal loans, Student loans, etc. Unsecured Loan is a risk-free loan for the Applicant because as compared to other loans he does not hand over any of his/her assets to the bank.
Unsecured loans are usually used for expansion of current business or to initiate a new business. If the banking institute finds the potential in your business idea then you definitely get the loan. This type of loan plays a key role to support start-up. Start-up generally lacks funds for their establishment. So unsecured loans provide a foundation for their establishment. Clients need to get his business idea regarding a new establishment or development of current business crystal clear. Financial institutes leave the spending responsibilities to the business owner as long as the money is used for business expenses the floor is yours.
- No Collateral:
Yes you that’s right you don’t require any collateral for unsecured business loan. That means no risking your property to secure your dreams
- Easy application process
- Paying of your credit to your suppliers
- Buying machinery
- Expansion of business
- Buying a commercial property for business loan
- For working capital
- Overdraft facilities is also provided by the banks to take care for your business needs.
- Easy to obtain
- Maximum Loan Sanction
- Hassle free documentation
- No spending restriction on the loan
- Better interest rates
- No collateral needed
- Go to www.realvalue.loans.
- Click on Unsecured Business Loans.
- Fill the form and submit it.
- Our representative will contact you shortly to arrange a meeting with you and collect the documents for further processing.
- Self-employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services.
- Business should have a minimum turnover of Rs. 40 lakhs
- Individuals who have been in the current business for a minimum of 3 years, with 5 years total business experience.
- Those whose business has been profit making for the previous 2 years
- The business should have a Minimal Annual Income (ITR) of Rs. 1.5 lakhs per annum
- The applicant should be at least 21 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity
- ID Proof: Any Two from Passport, Pan card, Voters ID Card and Driving License.
- Address Proof
- Proof of Continuity of Business: – 5 years old banking page, TIN/VAT RC, Service Tax regn.
- Bank Statement 6 Months
- ITR & Statement Of Computation of Income – for last 3 Years
- CA Certified or Audited P/L Account and for turnover >60 Lacs cases Audit report along with schedules of P&L and Balance Sheet – for last 3 years
- Ownership Proof of Residence or Office
- All running loan tracks or schedule
- Collateral free
- Maximum loan sanction
- Funds in 3 days
- Interest between 18% to 24%
- Simple online process
- Overdraft facility
- Balance transfer
- Credit plans for your requirements