Unsecured Business Loans
Running a business needs capital – but not everyone can pledge property as security. At Sunjosh Financial Services, we help entrepreneurs and business owners with Unsecured Business Loans to grow, expand, or manage working capital needs without any collateral.
Key Features & Benefits:
- Loan Amount: ₹5 Lakhs – ₹2 Crores
- Tenure: 1 – 5 years (flexible repayment)
- Collateral: Not required
- Interest Rate: Starting from 13.99% p.a. (varies by profile)
- Quick processing & faster disbursal (within 3–5 working days)
- End-use flexibility: working capital, business expansion, machinery, salaries, vendor payments, marketing, inventory.
- Balance Transfer with Top-up available
- Special schemes for Self-employed, MSMEs, Traders, Service Providers
Eligibility Criteria:
- Age: 25 – 60 years
- Business vintage: Minimum 2–3 years in operation
- Minimum turnover: Yearly ₹25 Lakhs above (varies by bank/NBFC)
- Applicant type: Proprietors, Partnership Firms, LLPs, Pvt. Ltd. Companies
- CIBIL Score: 725+ preferred (but options available for lower score with strong financials)
Required Documents:
KYC Documents:
- PAN, Aadhaar, Address Proof
Business Proof:
- GST Certificate / Shop & Establishment License.
- Partnership Deed / MOA / AOA / Incorporation Certificate
Financials:
- ITR (last 2–3 years).
- Bank Statements (last 6–12 months)
- Balance Sheet & P&L (audited/CA certified)
Other Documents:
- Business office address proof
- Existing loan track record (if any)
Processing Time:
- 3 – 5 working days (subject to documents & eligibility)
Charges:
- Processing Fee: 1% – 2% of loan amount.
- Documentation charges (varies by bank/NBFC).
FAQs
No, these are completely unsecured loans – no property needed.
Up to ₹2 Crores (depends on turnover, financials & credit score).
Generally, unsecured loans require 2–3 years business vintage. For startups, funding is possible under special schemes.
Yes, balance transfer with top-up facility is available.
Flexible business loans designed to fuel growth, manage operations, and achieve financial stability with ease.
Our Business Loans provide the financial strength your enterprise needs to expand, upgrade, or sustain operations. Whether you’re a startup seeking working capital or an established company aiming for expansion, we offer both secured and unsecured solutions tailored to your requirements. Products include Unsecured Business Term Loans, Secured Business Term Loans, DOD/Flexi OD (Unsecured), OD/CC Secured, and Machinery Loans (Purchase/Refinance).
Eligibility Criteria:
- Business Type: Sole proprietorship, partnership, private limited company, LLP.
- Business Age: 1–3 years continuous operation (depending on loan type).
- Annual Turnover: ₹50 lakh+ (varies by lender & loan type).
- Credit Score: 700+ for secured; 725+ for unsecured.
- Collateral: Required for secured loans (property, machinery).
- Applicant Age: 21–65 years.
Loan Terms:
- Amount: ₹5 lakh – ₹10 crore (depending on product & eligibility).
- Tenure: 12 months – 20 years (product-specific).
- Repayment: EMI, flexible OD/CC repayment, or structured plans.
- Interest: 8% – 26% p.a. (as per loan type & profile).
- Processing Fee: 0.5% – 3%.
- Prepayment: NIL to 5%.
Required Documents:
- KYC: PAN, Aadhaar, Passport/Voter ID.
- Business Proof: GST, UDYAM, registration docs.
- Financials: Bank statements (6–12 months), audited P&L and Balance Sheet (2 years), ITR (2 years).
- Collateral docs for secured loans.
Partner Banks & NBFCs:
HDFC, ICICI, Axis, Kotak, YES Bank, Bandhan Bank, Poonawalla, SMFG, Tata Capital, Aditya Birla, Lendingkart, Bajaj, IndusInd, Chola, IIFL, Mahindra Finance, L&T, Piramal, Godrej Capital, and more.
Why Choose Us:
We structure business loans to match your cash flow, negotiate best rates from multiple banks/NBFCs, and ensure minimal paperwork for faster disbursement.