Tag Archives: Business Loans without Collateral

Business Loans without Collateral with Quick Disbursal

Business Loans without Collateral with Quick Disbursal – Business can be a real trouble on the financial front. Not only it requires your time but also your capital. This capital you can get via business loan. One of the barrier between you and your dream can be security which is required to acquire a business loan & most of the people don’t have it.

Now the option left in front of you is to take loan from any private lender at higher interest rates or alternatively from any relative but the fact is that there are several financial institution that provides collateral free loans in India and that too in minimum period of time. Yes! So If you are someone who wants to get loan for your business but don’t have any security or collateral then you are at the right place.

Your business related needs can be of different types. Business loan can be taken for purchasing Equipment, Machines & Other working capital requirements. Loan can be availed for the set – up of your business.

To be a sure shot hit at the business level you need to take some things into serious considerations. Money is one of those requirements that needs to get tackled before hand.

You can easily get loan for your business from the below listed Non – Banking Financial Institution. All the listed NBFCs give the best deals on your business loan at very affordable rate of interest & other services based on the customer’s convenience.

BAJAJ FINSERV

Bajaj Finserv Business Loan can be availed without any collateral or security. It offer loans upto ₹ 30 Lakhs. Any self – employed Professional/Non – Professional, Public or Private limited companies, Manufacturers & Retailers can apply for loan. Minimum documents are required to get loan. Rate of Interest ranges from up to 16% – 35% per annum depending upon the loan amount and other related eligibility criteria with a minimum processing fees of 2%. You can avail loan for your short as well as long term financial needs in less time period.

TATA CAPITAL

Tata Capital offers business loan for your Business Expansion, Raw material purchase & Other funding requirements. Maximum loan of ₹ 50 Lakhs for a long tenure of 3 years can be taken without any guarantee or collateral. Interest rate ranging from 18% – 24% is applicable with 2% of processing fees. Tata Capital Business Loan can be availed by Sole Proprietorship, Partnership Firm, Private/Public Limited Companies, Societies, Trusts, Hospitals etc.

IIFL

IIFL Provides credit facility of up to ₹ 50 lakhs for a tenure ranging from 12 to 48 months. It offers flexible repayment options with no collateral. The loan gets quickly disbursed because minimum documents are required and easy doorstep services. Rate of Interest ranges from 18% to 25% with processing fees of 3% depending upon the loan amount.

CAPITAL FLOAT

Short Term Finance, Supply Chain Finance, Taxi Loans, Online Seller Finance & Merchant Cash Advance are some of the products offered under Capital Float Business Loan. Maximum amount of ₹ 1 Crore can be availed at diminishing rate of interest. You can easily get loan in just 3 days after the satisfactory documents approval.

Private Limited Companies, Partnership or proprietorship firm, self – employed professionals with considerate experience are eligible to apply for Capital Float Business Loan. Individual owners/promoters doing the business should be within 21 – 65 years of age. SMEs are expected to be self-sustaining, Showing profits for a minimum of last 2 years.

ADITYA BIRLA FINANCE LTD

Aditya Birla Finance offers business loan for your various business related requirements. It offers loan at interest rates ranging from 21% – 26% per annum. Borrowers can avail loan up to ₹ 1 Crore without any security or collateral. It offers a hassle free process and quick loan disbursal. Any individual and non-individual entities, Self-Employed Entrepreneurs, Traders, Manufacturers and/or Companies can apply for the Aditya Birla Business Loan and repay the loan via flexible tenure ranging from 12 months to 48 months.