Lenders who offer unsecured business loans wont require your business to pledge any collateral to obtain the loan.

They are comparatively easier to obtain.

They are an excellent option for buying machinery or expanding your business.

Unsecured Business loans have a higher interest rate as compared to secured loans as banks associate a higher risk with it.

The interest rates could be anywhere between 17% to 22%.

Proof of Identity

Pan Card

Proof of Address

Electricity bill

Telephone bill

Latest property tax receipt

Passport

Voter id card

Company Pan card

Proof Of Address - Registered

Proof Of Address - Corporate

Proof Of Address - Factory/Unit/Plant/Shop

In case of Company

Articles of Association

Memorandum of Association

Certificate of Incorporation

In case of Partnership

Certification of registration of firm with the registrar of firms and societies

In case of MSME unit

Certificate of registration with District Industry centre (Compulsory for medium MSME)

In case of SSI unit

SSI registration number/SIA SEK No.

Last 3 years audit report & audited financials

Cash flow statement

Business Continuity proof - 3 years ITR

Last 6 months bank statement

Loan statement with sanction letter

Photocopies of lease/title deeds of all properties being offered as primary & collateral securities

Promoters/Directors Net Worth Statement on company letterhead

3 year projections

Shareholding pattern on Company letterhead

Credit rating report - ( If credit rating is done)