Unsecured Small Business Loans for Startups & SMEs in India | Loan Frame

Unsecured Small Business Loans

Various institutions provide unsecured loans for business purposes commonly known as Business loans. Unsecured loans are sanctioned based on the profile and financials of the borrower. The rate of interest on these loans is higher than that on secured loans and these loans are payable in Equal Monthly Instalments (EMI).

Feature/Criteria:

  • Strong credit history. Amount is sanctioned based on financials and customer profile
  • Funds are used to meet short term working capital in the business
  • Loan Amount: Up to Rs 1 crore