Unsecured Business Loans
Fast Capital. No Collateral. Minimal Hassle.
Access unsecured business loans with flexible terms through PayAssured's lending partners. Ideal for managing working capital, inventory, and business growth.
₹10 Cr
Maximum Loan Amount
48 Hrs
Approval Time
0
Collateral Required
Loan Details
- ₹5 lakh to ₹10 crore loan amount
- No collateral or security required
- Interest rates from 16%–20% p.a.
- Flexible tenure: 12–60 months
- Approval within 48 hours
- Minimal documentation process
Note: Interest rates and loan amounts are subject to business evaluation and credit assessment.
How You Can Use Your Business Loan
Working Capital
Finance day-to-day operations, manage cash flow gaps, and cover operational expenses
Business Expansion
Fund new locations, increase production capacity, or enter new markets
Equipment Purchase
Acquire machinery, technology, or tools needed to improve operations
Inventory Management
Purchase inventory in bulk to meet seasonal demands or take advantage of supplier discounts
Eligibility Criteria
- Proprietorships, Partnerships, Private Limited companies
- Minimum 2 years of business operations
- Minimum annual turnover of ₹25 lakhs
- Clean banking history and GST compliance
- Good credit score (700+ preferred)
Simple 5-Step Application Process
Apply Online
Fill our simple application form with basic business details
Submit Documents
Upload required documents through our secure portal
Quick Verification
Our team verifies your business and financial information
Receive Approval
Get loan approval with customized terms and conditions
Disbursement
Funds transferred directly to your business account
Required Documents
Identity & Personal
- PAN Card, Aadhaar Card of directors/proprietors
Business Documents
- GST Registration Certificate
- MSME Registration (if applicable)
- Debtor and Creditor aging list
- Business address proof
Financial & Tax
- Last 3 years Income Tax Returns (Business & Personal)
- Last 12 months bank statements
- Existing loan statements (if any)
- GSTR-3B for last 12 months
Benefits of Our Unsecured Business Loans
Quick Disbursals
Get funds in your account within 3-5 business days after approval
No Collateral Required
Secure funding without pledging business or personal assets
Flexible Repayment Options
Choose from monthly, quarterly or custom repayment schedules
Minimal Documentation
Streamlined paperwork with digital verification process
Pre-approved Top-ups
Eligible for additional funding after 6 months of timely repayments
Dedicated Relationship Manager
Personal assistance throughout the loan lifecycle
Frequently Asked Questions
What is an unsecured business loan?
An unsecured business loan is a type of financing that doesn't require collateral or security. The loan approval is based on your business credentials, cash flow, credit history, and repayment capacity rather than assets.
How long does the approval process take?
Our digital-first approach enables quick processing. Initial approval typically takes 24-48 hours, with disbursement within 3-5 business days after document verification and final approval.
Can startups apply for these loans?
While we primarily serve businesses with at least 2 years of operations, we do have special programs for startups with strong revenue models and founder credentials. Contact our team for startup-specific options.
Are there any prepayment charges?
We offer flexible prepayment options. After 6 months of repayment, you can prepay your loan with minimal charges ranging from 2-4% of the outstanding principal, depending on the lending partner.
How is the interest rate determined?
Interest rates range from 16-20% p.a. based on factors like business vintage, turnover, credit score, industry type, and cash flow consistency. Better financial health typically qualifies for lower rates.