Get Collateral-Free Unsecured Business Loans in India
When launching a new business venture, having sufficient capital is essential to cover various operational and setup expenses. However, if you lack the required funds, you can apply for an Unsecured Business Loan through CapitalNeed.com.
As a trusted fintech platform, CapitalNeed.com offers collateral-free Business Loans tailored for MSMEs (Micro, Small, and Medium Enterprises), sole proprietors, and other small businesses. These loans are ideal for meeting a wide range of business needs, such as purchasing machinery, paying staff salaries, managing working capital, or funding business expansion.
An Unsecured Business Loan provides the financial boost your business needs—without the stress of pledging any assets.
Learn more about our loan eligibility, competitive interest rates, associated charges, and how to apply seamlessly through our digital platform.
Unsecured Business Loan EMI Calculator
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Unsecured Business Loan Interest Rates & Other Charges
At Capitalneed.com, we offer Unsecured Business Loans at competitive interest rates starting at 14.50% per annum. Our interest rates are minimal to reduce the financial burden and borrowing cost for MSME owners, allowing them to focus on achieving business goals.
As a Business Loan applicant, apart from the interest rate, you must incur a few other charges mentioned below.
| Rate of interest | 14.50% p.a.* |
| Processing fees | Depends on Profile |
| Loan Amount | ₹5 Lakh to ₹1 Cr |
| Loan Tenure | 12 - 48 months |
Unsecured Business Loan Eligibility Criteria
As small business owners, you may face a situation where you need immediate funds. At Capitalneed.com, we understand such requirements and have minimal eligibility criteria for Unsecured Business Loan to let you get the funds at the earliest.
Our eligibility requirements are as follows –
Age
Business Vintage
Annual turnover
- Age – You must be at least 24 years old at the time of applying for the loan and not more than 65 years old at the time of loan maturity.
- Business vintage – Your business must be in operation for at least one years.
- Annual turnover – Your business must have an annual turnover of at least ₹30 Lakh.
Documents Required for Unsecured Business Loan
You must submit a few essential documents to avail of an Unsecured Business Loan from Capitalneed.com. Since our application process is fully digital, you can submit the documents online, making the process hassle-free.
Below is the list of documents required for a Business Loan.
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KYC Documents
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Business Address Proof
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Financial documents
KYC Documents
- Company PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport, Director/ Proprietor/ Partner PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
- Proprietor/ Partner/ Director PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport, Electricity bill, Rent agreement
- Personal documents- All individuals/ Partners/ Director- PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport, officially valid documents, and proof of address
- Business documents- Business registration proof + Business address proof (if not the same as business registration proof)
Business Address Proof
- Utility bills/ Rent agreement
Financial Documents
- Bank account statement for last 6 months
Unsecured Business Loan Features & Benefits
Since Business Loans help you get the working capital to start a new and expand your existing business, it is also called 'Working Capital Loan.' Getting an Unsecured Business Loan allows you to enjoy a host of benefits, which are listed below.
Simple Documentation
Competitive Interest Rate
Swift and Smooth Disbursal
Convenience of Online Process
- Simple Documentation : We need you to submit a few basic documents only. Here is a complete list of documents required for Unsecured Business Loan.
- Competitive Interest Rate : We offer an Unsecured Business Loan at a competitive interest rate starting from 14.50% per annum.
- Swift and Smooth Disbursal : We have a simple documentation process, which allows you to get the disbursal without any hassles.
- Convenience of Online Process : We have a fully digitalised online application process, allowing you to apply for a loan from the comfort of your home/office with a click of a few buttons.
How to Apply for an Unsecured Business Loan?
Applying for an Unsecured Business Loan with Capitalneed.com is easy. You can do it online by following the below steps.
Step 1: Click on ‘Apply Now’ under the Business Loan section Step 2: Fill out the application form with necessary details Step 3: Await verification and confirmation Step 4: Get funds credited to your bank account
