A business loan is a financial product offered to self-employed individuals, startups, and enterprises to help manage day-to-day operations, fund expansion, or address short-term financial needs. These loans are often unsecured and come with fixed repayment terms and competitive interest rates.
Types of Business Loans
- Working Capital LoanFunds required to manage daily business operations like rent, salaries, and inventory.
- Term LoanA lump sum borrowed for long-term goals like expansion, equipment purchase, or renovation.
- Line of Credit A flexible credit limit from which you can withdraw as needed, paying interest only on the used amount.
- Equipment Financing Specialised funding to purchase or upgrade business machinery or equipment.
Features of Business Loan
- No Collateral Required Most business loans are offered without the need for asset security.
- Quick Approval and Disbursal Fast-track processing to meet urgent business needs.
- Flexible Tenure Options Choose repayment terms as per your cash flow—from 12 to 60 months.
- Customised Loan Amounts Borrow based on your business turnover and eligibility.
- Minimal Documentation Streamlined process with basic KYC and financial proof requirements.
Whether you are starting out or scaling up, a business loan can power your vision without financial strain.
A personal loan is an unsecured form of credit offered for personal use. It is disbursed based on your income, credit score, and repayment ability, with no requirement to disclose the end use of the funds.
Types of Personal Loans
- Wedding Loan Covers expenses related to wedding functions, decorations, catering, and venue booking.
- Medical Loan Offers immediate funds to meet healthcare needs such as surgeries, hospital bills, and treatments.
- Travel Loan Helps manage travel plans, including flight tickets, accommodation, and other expenses.
- Education Loan (Unsecured) Ideal for short-term professional courses or initial semester funding without collateral.
Features of Personal Loan
- Unsecured Credit No need to mortgage property or other assets.
- Quick Processing Minimal paperwork and faster approval timelines.
- Fixed EMIs Manageable repayments with fixed interest and tenure.
- Multipurpose Usage Can be used for any legal and personal financial requirement.
- Flexible Tenure Ranges from 12 to 60 months, based on your choice.
Personal loans are designed to make life easier when funds fall short. Take control of your finances and move forward with confidence.
An unsecured loan is a form of credit that doesn’t require any collateral. It’s offered based on your financial standing and is suitable for emergencies, working capital, lifestyle upgrades, or debt consolidation.
Types of Unsecured Loans
- Personal Loan Best for personal needs such as travel, education, or medical expenses.
- Business Loan Suitable for self-employed individuals or businesses needing funds for operational or strategic needs.
- Consumer Durable Loan Used for purchasing electronics, appliances, or gadgets through easy EMIs.
- Short-Term Emergency Loan Ideal for urgent financial needs, typically for a shorter tenure and quicker processing.
Features of Unsecured Loan
- No Collateral Required Borrow without the risk of losing any personal or business asset.
- Eligibility-Based Approval Offered based on income, credit score, and financial documents.
- Fast Disbursal Timely credit access to meet emergencies or short-notice requirements.
- Flexible End Use Use the loan amount for personal or business needs, with no restrictions.
- Structured Repayment Monthly EMI options tailored to your budget and loan tenure.
An unsecured loan is a practical choice when you need funds quickly and prefer not to offer any security. It’s simple, quick, and tailored to your financial profile.