Unsecured Business Loan
No collateral needed. Get up to ₹1 Crore with minimal documentation for MSMEs and enterprises.
About Business Loan
EASYCRED Business Loan empowers MSMEs, startups, and established enterprises with quick access to capital. Whether you need funds for expansion, inventory, equipment, or working capital — we connect you with the right lender.
Choose between unsecured loans (no collateral, faster approval) and secured loans (lower rates, higher amounts). Our platform compares offers from 15+ banks and NBFCs to get you the best deal.
- Loan amounts from ₹5 Lakhs to ₹1 Crore (unsecured)
- Interest rates starting from 10.75% p.a.
- Both secured and unsecured options available
- Minimum 3 years business vintage
- Quick processing — approval in 24 hours
Key benefits
Unsecured business loans are the fastest route to growth capital. No property pledge, no lengthy valuations — just your business performance as the basis for approval. Digital lenders now use GST data, bank statements, and alternative data to assess creditworthiness, making access easier than ever for MSMEs.
Lenders can approve your loan based on GST data alone. If your filings show consistent quarterly revenue of ₹5 Lakhs+, you can access up to 20% of annual turnover within 24 hours.
Business Loan interest rates
Unsecured business loan rates range from 10.75–27% p.a. since the lender carries the full risk without collateral. Your rate depends on business vintage, turnover, profitability, credit score, and the lender. Digital NBFCs charge higher rates but process faster; banks offer lower rates with more documentation.
Who can apply
Unsecured business loan eligibility is primarily cash-flow based. Lenders analyse your bank statement patterns, GST revenue trajectory, and profitability trends. A consistent upward revenue trend is the strongest positive signal.
- 1Connect your GSTIN and bank account on EASYCRED
- 2Get instant pre-qualification from 5+ lenders within minutes
- 3Compare rates, tenure, and processing fees
- 4Submit minimal KYC documents digitally
- 5Loan disbursed to your business account within 24–48 hours
For business loans, lenders evaluate both the business owner's personal CIBIL score and the company's credit history. A personal score of 750+ with clean company financials typically gets the best rates.
If your business is newer (3+ years), a strong personal credit profile becomes even more important as the business hasn't built its own credit history yet.
GST filing regularity, consistent bank balances, and no cheque bounces in the last 12 months significantly improve your approval chances.
Documents you'll need
Unsecured loans have the simplest documentation — no property papers, no valuation reports. Most digital lenders accept applications with just GST data and bank statements.
Connect your bank via Account Aggregator + GSTIN — many lenders don't need any physical documents. The entire process from application to disbursal can happen within 48 hours without a branch visit.
Business Loan for every need
Frequently asked questions
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Calculate your Business Loan EMI
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