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Customers Served icon

10 Lacs+

Customers Served

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4.7/5

Google Reviews

Pincodes Serving icon

10,000+

Pincodes Serving

Loans Disbursed icon

2000 Cr+

Loans Disbursed

Businesses need funds to grow and manage their working capital expenses. However, most small businesses face a shortage of funds available to manage their working capital requirements, which is essentially running the day to day business. While in the earlier days businesses depended on friends and family but they soon realised that it is not the right way as it not just spoils the relationships but also does not solve the business needs per se. Then some businesses switched to local money lenders, which although provided quick funds but asked for astronomically high-interest rates and any delay could prove to be fatal for the businesses.

Short Term Unsecured Business Loan Highlights

Interest Rate14.99%* p.a. onwards
Tenure12 – 60 months
Loan Amountup to ₹50 Lakh
Loan Processing FeesUp to 3% plus applicable taxes
Hidden ChargesNA
Stamp DutyAt actuals (as per state)
Prepayment / Foreclosure ChargesBanks Specific

Eligibility Criteria for Short Term Unsecured Business Loan

eligibility-0

Business Age: Minimum 2 Years

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Credit Score: 700 or Above

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Ownership Proof: Residence or Office Ownership Mandatory

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Applicant Age: 23 to 60 Years

Business Loan EMI Calculator

One Lakh

Min ₹100000Max ₹99 L
%
Min 9.99%Max 30%
Min 1 yearMax 7 years
Apply Now
Principal Amount1,00,000
Total Interest10,737
Total Amount1,10,737
Monthly EMI4,614
Principal Amount
Interest amount

Tips to Improve Business Loan Approval Chances in Short Term Unsecured Business Loan

Maintain a Good Credit Score

Maintain a Good Credit Score

Your credit score plays a crucial role in personal loan approval. A score of 700+ is generally considered good.

Ensure Stable Income and Employment

Ensure Stable Income and Employment

Lenders prefer applicants with stable employment and a consistent income source.

Apply for a Suitable Loan Amount

Apply for a Suitable Loan Amount

Always apply for a loan amount that aligns with your repayment capacity and financial goals.

Keep All Required Documents Ready

Keep All Required Documents Ready

Incomplete documentation is one of the most common reasons for personal loan delays or rejection.

Clear Existing Debts

Clear Existing Debts

Try to stay clear of all the outstanding debt. If you repay your loans timely, then banks will prefer to lend more loans to you.

Apply Through a Trusted Loan Platform

Apply Through a Trusted Loan Platform

Instead of applying directly to multiple banks, apply through a reliable loan marketplace like LoansJagat.

How to Apply for Business Loan in Short Term Unsecured Business Loan

01
Apply Online

Apply Online

Click Apply Now and start your loan journey in minutes.

02
Share Basic Details

Share Basic Details

Enter your name, contact, and work information to proceed.

03
Verify Eligibility

Verify Eligibility

Get instant loan offers based on your profile and credit score.

04
Upload Documents

Upload Documents

Submit your PAN, Aadhaar, KYC, and income proof securely online.

05
Compare & Choose

Compare & Choose

Pick the best offer from multiple banks and NBFCs.

06
Get Instant Approval

Get Instant Approval

Receive quick approval and funds directly in your bank account.

Short Term Unsecured Business Loan – Quick Approval Online