Unsecured Business Loan
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Unsecured Business Loan
Business Loan Below 10 Lakh
Business Loan Above 10 Lakh
Is a business loan for you ?
Your business can profit from borrowing essential funds required to upscale operations, purchase new premises and machinery, acquire the latest technology and skilled manpower, operationalize new supply chain management systems and drive growth through optimum asset allocation. Taking a business loan at competitive interest rates will propel your goals towards rapid fruition.
Why opt for our loan for business?
- Maximum loan amount: Rs 1 Crore.
- Fixed rate of interest, interest rates remain unchanged throughout the tenure of the loan.
- Flexible tenure from 48 months to 60 months
- Repayment channels: ECS/NACH.
- No security or collateral required.
- Repayment via easy EMI
HENOX CAPITAL business loans process
- Audited financials and Income Tax Returns filed for last two years from date of application.
- Bank statement for the last 6months.
- KYC documents as required.
Why a loan for business from HENOX CAPITAL ?
Tax Planning
Save Tax, invest more,
reach goals
- Tax-saving options, one click
- Save tax under different sections
Secured Business Loan
Secure business loans
for you
- Low interest, flexible payments
- One app, quick dispersals
FAQ's on Unsecured Business Loan
An Unsecured Business Loan refers to funds borrowed from a lender for business-related purposes. In this type of loan, the lender does not necessitate collateral, and the repayment can be made through Equated Monthly Installments (EMIs).
The loan offers a minimum tenure of 12 months, with the option to extend it up to 60 months. This applies to all, including unsecured business loans for new businesses.
The loan amount is determined based on your needs, credit score, and the evaluation of your company.
The primary benefit of Unsecured Business Lending lies in its lack of collateral requirement. You are not obligated to provide security to access funds. Some other benefits are:
- Faster processing times
- Affordable EMIs
- Flexible repayment terms
Term Business Loan: Comes with 4-5 repayment tenure.
Overdraft (OD) Facility: An Overdraft (OD) enables you to borrow money from your lender, provided you have a business account such as a Current Account.
Loan on Business Credit Card: The lender grants pre-approval for a loan based on your credit card transactions and bill payments in this type of loan.
Government-backed financing schemes: To inspire more individuals to pursue their entrepreneurial aspirations, the Government of India has introduced various credit schemes, including initiatives like Pradhan Mantri MUDRA Yojana (PMMY), Stand-up India, Credit Guarantee Schemes (CGS), and more.
Consumer Loans: MSMEs can utilize a buy-now-pay-later scheme for acquiring equipment essential for their business space, including items like computers, laptops, air conditioning units, printers, security systems, and more.
The loan processing typically requires 1 to 2 working days, assuming all necessary documentation is in order and readily available.
- Electronic Clearing Services (ECS)
- Post-Dated Cheques (PDCs)
- Direct Debit
Both minimum and maximum unsecured business loan rates vary depending on the lender.
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