Business Loans

BUSINESS Loans starting @EMI Rs.3518*

Apply now for business loan at lowest interest rate and 72hrs loan disbursement.

Business loan

Just like a vehicle relies on fuel, businesses require a steady flow of money to spread their wings. 

Without funds, it is pretty difficult to grow your business, pay salaries, buy equipment and machinery, or even complete an order.

But what if you are in need of money to grow your business and don’t have any collateral? 

To help businesses, banks and NBFCs offer unsecured Business loans!

Types of Business loans

While there are two different types of business loans—

  • Secured business loans, which required you to pledge an asset
  • Unsecured business loans, which don’t require you to pledge an asset

— it’s the latter that Finneeds specializes in!

Check Loan Eligibility

Please provide your basic details, to analyze your Profile, Need and suggest right solution

Pros of Business Loans

Any type of loan has some pros and cons to it. That’s why we at Finneeds help you understand everything better before making a decision.

No assets and no cumbersome asset verification! One of the problems with secured business loans is the time and paperwork required for verifying assets. With an unsecured business loan, you can cut through all this as there is no need for assets.

No regulations on where to use it! As an entrepreneur, there are miscellaneous expenses on a day-to-day basis. With an unsecured business loan, you can stop worrying about whether you are spending the money on the specified purpose, providing that you are using it for your business only. 

Big money for your big dreams! Nowadays, lenders are offering unsecured business loans that aren’t small by any means; they are giving loans ranging anywhere from Rs. 1 lakh, Rs. 5 lakh to even, a humongous, Rs. 50 lakh.

Time is money! Sometimes, businesses require urgent liquidity for completing work or repairing some machinery. It is at these times that you will be grateful for an unsecured business loan. Because the process and documentation are quite simple, these loans are approved, sanctioned and disbursed between 3 to 5 working days. 

You can set your pace! Businesses have good and bad phases. Thus, having flexible loan repayment plans is of critical importance. Banks and NBFCs offer comfortable repayment tenures ranging from 3 to a maximum of 4 years for your benefit.


Higher interest rates:

As with any unsecured loan, banks and NBFCs charge more interest due to the risk involved. 

Eligibility criteria

In view of the fact that unsecured loans are riskier for lenders, they tend to look at your tax returns, credit score, vintage of the company, bank statements, etc.

Who can apply?

Any traders, manufacturers, services sector people and self-employed professionals such as doctors, architects, engineers, etc. can avail a business loan easily. It doesn’t matter whether your company is a sole proprietorship, partnership firm, or private limited company.

Does my age matter?

As long as you are aged 24 years and below 65 years, you have nothing to worry about.

How old should my business be?

Your business should have been operating for 3 years or more with profit. 

Does my credit history matter?

Yes, of course. Just like your past actions help people judge what kind of a person you are, Banks and NBFCs look at your CIBIL score to understand what kind of a businessman you are.

What sort of financial documents do I need to show?

  • Income tax returns for 2 years, Balance sheets, Cash flow statements, Tax audit reports, Profit and loss statements, etc.
  • GST returns for latest 12 to 15 months
  • Bank statements for 12 months
  • Other financial documents as requested by banks and NBFCs


As we already mentioned, documentation for business loans is quite basic.

  • Address proof such as electricity bills, Aadhar card, passport, voter card, etc.
  • Office address proof such as utility bills, GST registration, Trade registration, etc.
  • Identity proof such as driving license, PAN card, etc. 
  • Ownership proof of house or business premises
  • Photos in passport size 

Interest rates & Charges

For unsecured business loans, interest rates start from 14.99% and can go very high.  

Additional charges include: 

  • Processing fees
  • Document processing fees
  • Other fees (depending on banks and NBFCs)