Unsecured Business Loans

UNSECURED BUSINESS LOANS

Unsecured business loans are the loans which are obtained without the use of any property as collateral for the loan are also termed as signature loan. These loans are the low risk one for the borrowers and are solely depends on the creditworthiness of the borrower. An unsecured business loan requires no collateral and the borrower do not need to pledge their asset in order to avail the loan. The lender here accepts the risk of default and has no legal rights to seize your property if you fail to pay back the loan. However, a strong credit history is must to avail this type of loan.

Are you looking for a Small Business Loan/ Unsecured Business Loan(BL)? to meet emergency requirement of funds in your business-like expansion of your business/purchase of row material/machineries/renovation of business premises/for paying off other loans. Lenders provide BL loan to professionals like doctors, CA’s, architects etc. to manufacturers, service providers, traders & others.Rate of interest starts from 12 and goes up to 24 percent for a tenure of up-to 5 years.