People often need quick funds to run a business, but not every entrepreneur has assets to pledge. Then they turn to unsecured business loans. If you too are looking for an unsecured business loan from ₹1 lakh to ₹1 crore, we will tell you everything from eligibility and interest rates to repayment options and top banks offering such loans. So that you never have to worry about loans.
Hello friends, my name is Raman Yadav. I have been searching loan files for Banks and NBFCs for more than 5 years and have helped thousands of customers get loans and will continue to do so. Based on my experience, today I will get you a Best Unsecured Business Loan Up To 1 CR- Fast & Flexible Repayment. If you read it completely, let’s start.
SBI Business Loan
When it comes to business loans, the most trusted SBI business loan is often on the top of customers’ minds as State Bank of India offers a wide range of unsecured loan schemes for MSMEs, traders, and service providers.
About SBI business loans
- Loan amount: ₹50,000 to ₹1 crore (depending on profile)
- Interest rate: Starts from 9.75% p.a.
- Repayment tenure: 12 months to 60 months
- Minimal documentation and faster approvals
SBI has a strong branch network and online loan processing is also very simple which makes it a very attractive option for self-employed businessmen and businessmen can also avail loans easily.
Unsecured Business Loan Interest Rate
Usually different banks and NBFC companies have their own policies and the interest rate of business loan is determined accordingly. Apart from this, the interest rate on your business loan is determined by them depending on your working profile, your credit score, annualy business turnover, and the transactions in your bank account. Mostly unsecured business loan interest rates range between 9% to 24% per annum.
| Bank/NBFC | Loan Amount | Interest Rate | Processing Time |
|---|---|---|---|
| SBI | Up to ₹1CR | From 9.75% p.a. | Under 7 days |
| HDFC Bank | Up to ₹50L | From 10.50% p.a. | Under 7 days |
| ICICI Bank | Up to ₹50L | From 11% p.a. | Under 7 days |
| Axis Bank | Up to ₹50L | From 11% p.a. | Under 7 days |
| Bajaj Finserv | Up to ₹50L | From 12% p.a. | Under 48 hours |
Factors Affecting Of Interest Rates
- Redit Score – CIBIL scores above 750 offer lower rates.
- Business Vintage – Older businesses with continuous operations get better terms and facilities.
- Financial Status – Your strong bank statements and ITRs increase your chances of getting approved.
- Type of Lender – Banks often offer lower interest rates than NBFCs, but their paperwork is more.
Benefits of Choosing an Unsecured Business Loan Up to 1CR
- No collateral – Perfect for startups and small and medium sized enterprises with no assets or collateral.
- Quick disbursement – Loan amount is disbursed within 48-72 hours in most loan cases.
- Flexible usage – You can use the loan for any kind of business purpose. For personal use, you just need to pay the EMIs on time or else your CIBIL score will get affected.
- High loan amount – Many lenders approve loan amounts up to ₹1 crore based on your profile and business.
- Digital application process – Always apply online, upload the right documents and keep track of your loan application.
Please Note– Always apply Only RBI Registerd Platfom for unsecured business loan.
Business Loan EMI Calculator- Free Use
Before applying for a loan, check your monthly EMIs using a free business loan EMI calculator. This tool helps you plan your finances and choose a loan EMI tenure that does not affect your cash flow.
Click Here to use for FREE Business Loan EMI Calculator
💼 Business Loan EMI Calculator
Monthly EMI: —
Required Documents For apply
Before apply Unsecured business loan always keep all these checklist. I always tell you to always apply for loan from RBI registered banks and NBFCs.
| KYC | Address Proof | Income Proof | ||
| Applicant and co-app | Applicant and co-app | If Self Employed | ||
| Adhar card | Adhar card / Voter id / D.L. / Ration card | ITR Last 3 year with COI,P.L., B.L. | ||
| Pan card | Passpoert / Birth Certificate / Property paper | GST Certificate with 1 year return | ||
| Passport size photo | Any other government document | Last 1 year bank statement Current A/C | ||
| Last 1 year bank statement saving A/C | ||||
| Any other loan statement ( SOA) | ||||
| Shop Address proof are Required | ||||
All these document’s to be required for apply unsecured business loan so kindly keep ready before apply for loan.
You can’t miss Lucky Jet with full excitement.
LeonBet bringt Casino-Atmosph�re direkt auf dein Handy.