Zero Collateral
Disbursal in 2–7 Days
Working Capital, Without Pledging Anything
Independent unsecured business loan advisory from Inwealfoney. We match your turnover, GST filings and banking profile against multiple banks and NBFCs to get you the best rate — no property, FD or stock pledged.
Rates from
10.50% p.a.*
Loan up to
₹5 Cr+
What is an unsecured business loan
Credit sized on your business, not your assets
An unsecured business loan is funding extended purely on the strength of your business — turnover, GST filings, banking history and credit score — with no property, fixed deposit, or stock pledged as security. Because the lender carries more risk, rates run higher than secured options like OD or LAP, but there's nothing to mortgage and disbursal is typically much faster.
Lump Sum
Business Term Loan
A one-time disbursal repaid over a fixed tenure through equal monthly instalments — suited to expansion, equipment purchase, or a defined one-off need.
Revolving
Flexi / Working Capital Loan
A sanctioned limit you draw from as needed, paying interest only on the amount utilised — closer to an overdraft, but unsecured and typically offered by NBFCs and digital lenders.
GST/Digital
GST & Banking-Based Loan
Fintech and NBFC lenders underwrite purely on GST returns and current-account banking data — fastest to sanction, useful for newer or smaller businesses.
No collateral at risk
Your property, FD, and stock stay completely untouched and unencumbered.
Fast turnaround
Many NBFC and digital lenders sanction in 24–72 hours once documents are in order.
Flexible end-use
Working capital, expansion, equipment, or debt consolidation — no restriction on purpose.
Multi-lender comparison
We benchmark your file against several banks/NBFCs so you're not stuck with the first quote.
Eligibility
Do you qualify? Here's what lenders actually check
Criteria differ meaningfully between traditional banks/NBFCs and digital lenders — these are the core checks in 2026.
- ✓Business vintage: 3+ yearsMost banks and larger NBFCs want at least 3 years of continuous, profitable operation.
- ✓Minimum annual turnover: ~₹40 lakh+Higher turnover and consistent growth improve both the quantum and the rate offered.
- ✓CIBIL/CMR: 700–750+Both the business's and promoters' credit history are reviewed; a clean repayment record is critical.
- ✓Age: 25–65 yearsApplies to proprietors/partners/directors at the time of application and loan maturity.
- ✓Profitable ITR for last 2–3 yearsCA-certified or audited financials showing steady or growing profit are typically required above ~₹40 lakh.
- ✓Business vintage: 1–2 years acceptedSeveral digital lenders fund newer businesses that don't yet meet a bank's 3-year threshold.
- ✓Minimum annual turnover: ~₹10 lakh+Underwriting leans heavily on GST returns and current-account banking credits rather than audited financials.
- ✓CIBIL score: 650+ consideredLower thresholds than banks, but this usually comes with a higher interest rate.
- ✓Regular GST filingConsistent GSTR-3B/1 filing is one of the strongest positive signals for digital underwriting.
- ✓Active current account with steady credits6–12 months of healthy banking turnover matters more than collateral or lengthy paperwork.
Unsecured Loan at a Glance
Loan amount₹1 Lakh – ₹5 Cr+
Interest rate10.5% – 24% p.a.
Tenure1 – 5 years
CollateralNone required
Processing fee1% – 3% of loan amount
Turnaround24 hrs – 7 days
A strong CIBIL score, regular ITR/GST filing, and clean banking conduct are consistently the biggest levers for a lower rate.
Documentation
What you'll need to keep ready
Having these scanned and organised before you apply typically shaves days off sanction time.
KYC Documents
- PAN & Aadhaar of proprietor/partners/directors
- Passport-size photographs
- Address proof (utility bill, rent agreement)
Business Proof
- Business PAN & GST registration certificate
- Udyam/MSME registration
- Partnership deed / MOA & AOA / LLP agreement
- Shop Act licence or equivalent trade licence
Financial Documents
- Last 2–3 years' ITR with computation
- CA-certified or audited P&L and balance sheet
- Latest financial statements, if available
GST & Tax Records
- Last 12 months' GST returns (GSTR-3B/1)
- GST registration certificate
- TDS/advance tax challans, if applicable
Bank Statements
- Last 6–12 months' current account statement(s)
- Statements from all operating banking relationships
- Existing loan account statements, if any
Existing Credit Profile
- Latest CIBIL/CIR of business and promoters
- Sanction letters of any running loans
- NOC/closure letter for previous business loans, if applicable
Note: Exact requirements vary by lender and by whether it's a bank, NBFC, or digital lender — digital lenders often waive audited financials in favour of GST and banking data alone. Share your profile with us and we'll send a checklist customised to the lender we're targeting for you.
Loan & EMI Estimator
Estimate what you could borrow — and repay
Unsecured loan eligibility is commonly benchmarked off your average monthly banking turnover. Drag the sliders to get a rough sense of eligible loan amount and EMI.
₹8,00,000
6x Monthly
16.00%
36 Months
₹0
Indicative Eligible Loan
Principal
Interest
Est. Monthly EMI
₹0
Total Interest Payable
₹0
Total Amount Payable
₹0
EMI as % of Turnover
0%
*Indicative estimate only. Actual eligibility multiple, rate, and tenure depend on credit score, vintage, profitability, and individual lender policy — this is not a loan offer.
How Application & Disbursal Actually Work
01
Profile & document submission
KYC, GST returns, ITR, and bank statements are shared and matched against lenders likely to approve your profile.
02
Credit & banking assessment
The lender evaluates bureau score, banking conduct, GST trends and repayment history to arrive at an offer.
03
Sanction letter & agreement
Once approved, you receive a sanction letter with rate, tenure and fees — reviewed and signed digitally or physically.
04
Disbursal to your account
Funds are credited directly to your current account — often within 24–72 hours for digital lenders.
FAQs
Common unsecured business loan questions
A secured loan (like OD or LAP) requires collateral — property, FD, or stock — and generally carries a lower rate. An unsecured loan needs no collateral but is priced higher since the lender's risk is based purely on your business and credit profile.
Most banks prefer at least 3 years of vintage, but several NBFCs and digital lenders fund businesses with 1–2 years of operating history if GST filings and banking turnover look healthy. Very early-stage startups may need to explore government-backed or startup-focused schemes instead.
A term loan disburses the full amount upfront with a fixed EMI schedule — good for a one-time need. A Flexi or working capital loan gives you a limit to draw and repay as needed, charging interest only on what's utilised, similar in spirit to an overdraft but unsecured.
Not universally, but most lenders — especially digital and NBFC lenders — rely heavily on GST returns to assess turnover and consistency. Unregistered businesses below the GST threshold can still apply, typically relying more on bank statements and ITR instead.
Some digital lenders and NBFCs still consider applicants with a CIBIL score around 650, but usually at a higher rate and a smaller loan amount. Clearing existing overdue payments and maintaining clean banking conduct for a few months before applying materially improves your options.
Most lenders allow part-prepayment and foreclosure after an initial lock-in (commonly 6–12 months), usually with a foreclosure charge of 2–5% on the outstanding principal. Check the sanction letter for the exact lock-in and charge applicable to your loan.
Yes — schemes like CGTMSE-backed MSME loans and MUDRA loans offer collateral-free credit through participating banks, generally at more moderate rates than open-market unsecured loans, though with their own eligibility caps and documentation.
Interest paid on a loan used for business purposes is generally allowed as a deductible business expense against your business income, subject to it being used genuinely for business and properly recorded in your books — a CA can confirm applicability to your specific case.
Let's find the right unsecured loan for your business
Share a few details and we'll compare lenders on your behalf — no cost, no obligation, and no walking into ten different branches.
Inwealfoney · Loan advisory services. Loan amount, rate, eligibility multiple and tenure are indicative and subject to lender policy at the time of application.