How can I get an unsecured business loan?Add Answer
Hi, there are some eligibility criteria you need to fulfill to get an unsecured business loan and these unsecured loans are without collateral or guarantor as well so check with the different financial providers to know more details.
Firstly you need to have a good credit file with any identity proof and proper business papers to assurance them with guaranteed repayments without any failure.
Business loan is like personal loans and both the loans are classified as unsecured loans in India. The eligibility criteria for unsecured business loan differ from lender to lender and so the procedures and formalities. The interest rates on unsecured business loans are always higher when compared to the secured business loans.