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Unsecured Business Loan

Fuel your business growth. Get capital for stock, expansion, or machinery **without providing any collateral**.

Overview

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Grow Your Business

An Unsecured Business Loan is a funding option that does not require you to pledge any security (land, gold, or property) to the bank. It is purely based on your Business Vintage, Annual Turnover, and Profitability.

Whether you need funds for increasing stock, opening a new branch, or managing cash flow, PraFintech helps you secure the highest eligibility from 20+ partner banks and NBFCs.

Why Choose Unsecured?
  • No Collateral: 100% unsecured. Keep your assets free.
  • Fast Disbursal: Money in account within 3-5 working days.
  • Flexible Tenure: Repay comfortably over 12 to 60 months.
  • Tax Benefit: Interest paid is treated as a business expense.

Eligibility Criteria

Criteria Requirement
Business Vintage Minimum 3 Years in the same line of business.
Annual Turnover Minimum ₹40 Lakhs per annum (via GST/Bank).
Profitability Business must be profit-making for the last 2 years.
CIBIL Score 700+ (No recent defaults or write-offs).
Ownership Office or Residence must be owned (not rented).

Required Documents

  • KYC of Proprietor/Directors (Aadhaar/PAN)
  • GST Registration Certificate (3 Years)
  • Last 3 Years ITR with Computation & Balance Sheet
  • Last 12 Months Current Account Statement
  • Office & Residence Address Proof (Electricity Bill)
  • Business Registration Proof (MSME/Trade License)
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