Unsecured Business Loan
In the journey of every business, securing funds is vital for growth and success. However, obtaining loans, especially unsecured business loans, can often feel like an insurmountable challenge. But fear not, because Rupee Boss Business Loan is here to support you. With our online business loan services, you can easily apply for a business loan, eliminating the hassle of visiting a bank in personal.
We understand the aspirations and struggles of entrepreneurs like you, which is why Rupee Boss Business Loan is designed to provide financial assistance to businesses in India. Whether you are a new business or an established one, our business loan options cater to your specific needs. You can apply for business loan online, ensuring a convenient and efficient process.
Unsecured Business Loan EMI Calculator
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Check your customised Loan Eligibility now.
Why choose Rupee Boss for your Unsecured Business Loan needs?
Service benefits
Unsecured Business Loan: Rupee Boss offers unsecured business loans, eliminating the need for collateral and providing you with the funds you need without additional burden.
Online Application: With our user-friendly online platform, you can conveniently apply for a business loan from anywhere, saving you time and effort.
Quick Approval and Disbursement: We understand the urgency of your business needs. Our streamlined process ensures quick approval and disbursal of funds, allowing you to address your financial requirements promptly.
Competitive Interest Rates: Rupee Boss provides business loans with competitive interest rates, ensuring affordable repayments and helping you optimize your business cash flow.
Flexible Loan Amounts: Whether you require a small loan for your startup or a larger amount for business expansion, our business loan options offer flexibility in loan amounts to suit your specific needs.
Business Loan Eligibility: We have designed our business loan eligibility criteria to be inclusive, enabling both small businesses and startups to access the funds they require.
Unsecured Business Loan:
Rupee Boss offers unsecured business loans, eliminating the need for collateral and providing you with the funds you need without additional burden.
Online Application:
With our user-friendly online platform, you can conveniently apply for a business loan from anywhere, saving you time and effort.
Quick Approval and Disbursement
We understand the urgency of your business needs. Our streamlined process ensures quick approval and disbursal of funds, allowing you to address your financial requirements promptly.
Competitive Interest Rates:
Rupee Boss provides business loans with competitive interest rates, ensuring affordable repayments and helping you optimize your business cash flow.
Flexible Loan Amounts:
Whether you require a small loan for your startup or a larger amount for business expansion, our business loan options offer flexibility in loan amounts to suit your specific needs.
Business Loan Eligibility:
We have designed our business loan eligibility criteria to be inclusive, enabling both small businesses and startups to access the funds they require.
Key Features
Loan Amount: up to 50 lakh
Tenure: up to 36 months (some lenders offer repayment period till 5 years)
Processing Fees: up to 2% of loan amount (may vary across lenders)
Competitive Interest Rates
15% p.a. onwards
Loan Amount
up to 50 lakh
Loan Tenure
up to 36 months (some lenders offer repayment period till 5 years)
Processing Fees
up to 2% of loan amount (may vary across lenders)
With our instant business loan facility, you can receive quick approvals and disbursements, ensuring that you have access to the capital you need without delays. Whether you require a loan for a new business, expansion, office renovation, or equipment purchases, we have you covered.
Rupee Boss is recognized as one of the best lenders for business loans in India, providing the best unsecured business loans to support your growth. We believe in your vision and want to be your trusted partner on your entrepreneurial journey.
So, whether you are starting a new business and need startup loan for new business or looking to take your existing one to new heights, apply for business loan with Rupee Boss. Let us be the support you need to fuel your dreams, achieve your business goals, and create a successful future. Together, we can make your mark in the business world.
By choosing Rupee Boss for your business loan needs, you gain access to these key features and can confidently move forward in achieving your business aspirations. Apply for a business loan with Rupee Boss today and experience a seamless borrowing experience with attractive benefits.
Eligibility Criteria
Unsecured Business loan eligibility varies across lending institutions and loan schemes so a common set of Unsecured Business Loan eligibility criteria is given below
Age Limit | 21 – 65 years (must not be older than 65 by the time the loan matures) |
Business Type | self employed individuals, proprietors, private limited companies and partnership firms involved in the business of manufacturing, trading or services |
Business Vintage | current business for a minimum of 3 years (profitable), with 5 years total business experience |
Turnover | Minimum Rs. 1.5 lac per annum |
Credit Score | Preferably 750 and above (varies across lenders) |
Age Group
21 – 65 years (must not be older than 65 by the time the loan matures)
Business Type
self employed individuals, proprietors, private limited companies and partnership firms involved in the business of manufacturing, trading or services
Business Vintage
current business for a minimum of 3 years (profitable), with 5 years total business experience
Turnover
Minimum Rs. 1.5 lac per annum
Credit Score
Preferably 750 and above (varies across lenders)
Unsecured Business Loan Interest Rates
Bank/NBFC | Rate of Interest |
| HDFC Bank | 15% – 18% |
| ICICI | 15% – 18% |
| IndusInd | 15% – 18% |
| Kotak | 15% – 19% |
| SCB | 16% – 18% |
| Yes Bank | 16% – 20% |
| IDFC | 16% – 20% |
| FedFina | 17% – 19% |
| Deutsche Bank | 17% – 19% |
| L&T Finance | 17% – 20% |
| Axis Bank | 17% – 20% |
| Bajaj Finance | 17% – 20% |
| Chola | 17% – 20% |
| Primal Capital Finance | 17% – 22% |
| Piramal | 17% – 28% |
| Avanse | 18% – 20% |
| Godrej Capital | 18% – 20% |
| Clix Capital | 18% – 21% |
| Hero | 18% – 21% |
| Niyogin Fintech | 18% – 22% |
| Mangal Credit And Fincorp | 18% – 22% |
| Poonawalla Fincorp | 18% – 22% |
| Shriram Finance | 18% -24% |
| SMC Finance | 18% -24% |
| Tata Capital | 18% -24% |
| U GRO Capital | 18% -24% |
| NeoGrowth | 18% -24% |
| Aditya Birla | 18% – 25% |
| Fullerton | 18% – 26% |
| Ambit Finvest | 18.5% – 21% |
| Credit Saison India | 19% – 20% |
| Axis Finance | 19% – 22% |
| Unity Small Finance Bank | 19% – 24% |
| Protium Finance | 19% – 24% |
| Ashv Finance – Intellecash | 19% – 25% |
| Dhanvarsha | 24% – 32% |
| Edelweiss Finance | 24% – 32% |
| FinTree | 24% – 32% |
| Ftcash | 24% – 32% |
| IIFL | 24% – 32% |
| Indifi | 24% – 32% |
| LendingKart | 24% – 32% |
Documents Required
- Individual KYC (Photo, Pan, Aadhar Card of all applicants and co-applicants)
- Residence light bill of proprietor/all directors/all partners (If rented then rent agreement)
- Permanent Address Proof
- Business KYC (Company Pan Card, Udyam Certificate, Gumasta Certificate, GST Certificate, List of Directors & Shareholding Pattern, Partnership Deed, Certification of Incorporation,)
- MOA (Memorandum of Association) and AOA (Articles of Association)
- Office light bill (If rented then rent agreement)
- Latest 2 year Company ITR with audit report (CA Attested) (Acknowledgement, Computation of Income, Balance Sheet & Profit & Loss Account, 3CD, 3CB with schedules)
- Latest 2 year ITR of all directors (CA Attested)
- 1 year GST return.
- 1 year current account statement.
- All ongoing loans on company and individual name sanction letters.
- Repayment track record of all ongoing loans.
- Form 32 and Form 20B (if required)
Note: The above list is indicative and your lender might ask for additional documents.
FAQs
Q1. What credit score is advisable for obtaining immediate business loans?
Ans. Financial institutions typically consider a credit score of 750 or higher as favorable. Lenders generally prioritize scores closer to the maximum of 900.
Q2. How do I select the optimal repayment period for business loans?
Ans. For short-term loans, it's advisable to keep the repayment period within 12 months. However, this duration can be extended based on the loan amount, with a maximum repayment term of up to 5 years depending on business needs.
Q3. How does GST impact business loans for startups?
Ans. GST payments significantly influence the approval of business loans, as higher GST payments often indicate a larger business volume. This factor makes it easier for banks to have confidence in applicants who consistently fulfill their GST obligations.
Q4. What is the minimum annual turnover required to qualify for a startup loan?
Ans. The essential annual turnover criteria are stipulated by individual lenders and can vary across different banks.
Q5. What are the fees for pre-closure and partial prepayment in business loans?
Ans. Pre-closure and partial prepayment charges differ among lenders, ranging from zero in some cases to a potential maximum of 5% of the loan amount in others. It's essential to verify these details with your specific lender.
Q6. Could you provide information about government-initiated loan programs?
Ans. The Government of India has introduced various loan schemes, including notable ones such as MUDRA Yojana under PMMY, SIDBI loans, CGTMSE, PMEGP, Standup India, Startup India, psbloansin59minutes.com, NSIC, and NABARD.
Q7. I'm interested in commencing a dairy farming venture. How can I secure a small business loan of Rs. 10 lakhs?
Ans. To acquire a small business loan of up to Rs. 10 lakhs, you can explore and compare available options through a single online platform. You have the opportunity to access collateral-free loans with competitive interest rates. Additionally, you may consider applying for a Mudra loan under PMMY or explore loan options from private sector banks, NBFCs, or small finance banks.