Service · No collateral · Turnover and banking based
Unsecured loans, when your numbers can carry them.
Business loans without collateral, based on turnover, banking and credit history. We check whether unsecured is the right fit before you apply, and to which lenders.
What it covers
The common forms, and what each one is for.
UBL
Unsecured term loan
A fixed amount repaid over a short-to-medium tenure.
CGT
Guarantee-backed loan
Collateral-free credit for eligible micro and small enterprises, covered under CGTMSE.
LOC
Business line of credit
A flexible limit offered by some lenders on strong banking.
Who it suits
Is this the right facility for you?
- Businesses with healthy turnover and clean banking but no property to pledge
- Firms that need funds quickly for a defined purpose
- Eligible micro and small enterprises that can use CGTMSE cover
- Companies with a good credit history
How lenders look at it
What a credit officer checks first.
01
Banking
Average balances, inflows and bounced cheques over recent months.
02
Turnover and GST
Consistency between GST returns, financials and bank credits.
03
Credit score
Business and promoter credit history, including recent enquiries.
04
Profitability
Filed profits and cash generation.
05
Existing obligations
Instalments already running and how they are serviced.
06
Vintage
How long the business has been operating.
How we help
From your numbers to a facility you can use.
1
Check the fit
Whether unsecured is right, or a secured option costs much less.
2
Clean up the file
Mismatches between GST, books and banking explained before applying.
3
Shortlist lenders
Lenders whose criteria you meet, to avoid scattered enquiries.
4
Compare terms
Rate, charges and tenure read together, not just the headline rate.
Mistakes we see often
- Applying to many lenders and collecting credit enquiries
- Comparing only the interest rate and ignoring charges
- Taking short-tenure unsecured loans for long-term needs
Documents
What this file usually needs.
Lenders differ. We confirm the exact list for your case after the first call.
- Last 3 years' financial statements and ITRs
- Last 12 months' bank statements (all current accounts)
- GST returns for the last 12 months
- Sanction letters and repayment schedules of existing loans
- KYC of the business and promoters
Questions
Unsecured Business Loans, answered.
Are unsecured loans more expensive?
Usually, because the lender has no security. That is why we check whether a secured or guarantee-backed option suits you better.
What is CGTMSE?
The Credit Guarantee Fund Trust for Micro and Small Enterprises gives lenders a guarantee on collateral-free credit to eligible micro and small enterprises. A guarantee fee applies.
Does checking my eligibility affect my credit score?
Our assessment uses your documents. A credit enquiry is made only when a lender processes a formal application.
Often considered alongside
Talk through your unsecured business loans need.
Free 30-minute review · 10 am – 7 pm IST, every day